Key Takeaways

  • Reliable and fast executions.
  • Competitive spreads, low commissions.
  • Negative balance protection for retail clients.
  • Expert and personal customer support.

We start our N1CM review with a quick overview of the overall ratings given by our in-house industry experts for this competitively-priced, Vanuatu-regulated, CFDs broker:

N1CM Overall rating

Ranked 174 out of 1760 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Pricing rating
Real customer rating
Not rated
Not rated
Customer Support
Not rated

The N1CM broker (Number One Capital Markets) has offices in Vanuatu, London and Istanbul. N1CM offers leveraged CFDs trading in several asset classes; forex, indices, shares, cryptocurrencies and commodities with spreads from 0.1 pip. Trading with N1CM can be done via 2 platforms, the classic MetaTrader 4 and the next-gem MT5, with 3 accounts types – Classic, Advanced and Elite, each account designed to suit every type of trader and trading strategy:

The Classic and Advanced accounts are priced commission-free with spreads starting at 1.1 pip and 0.8 pip, respectively, and the Elite account with lower spreads (from 0.1 pip for FX) plus a low trading commission ($5/lot). N1CM's minimum deposit is $5 for the Classic account, $2,000 for the Advanced account and $5,000 for the Elite account. Trading can be done with a maximum leverage of 1000:1, and the broker accepts deposits with an array of funding methods (including several cryptos) with zero fees (also applicable to withdrawals).

Less positively, the limited range of financial instruments available for trading with the MetaTrader 4 platform. The offer of about 80 markets could be extended to satisfy the needs of more traders.

N1CM Regulation / Money Protection

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Number One Capital Markets Ltd. 1000 : 1

N1CM Vanuatu regulation: Number One Capital Markets Limited, trading as N1CM, is a company registered in Vanuatu, with the number 15035. The registered address is POT 615/304 Rock Terrace Building, Kumul Highway, Port Vila, Vanuatu, and this entity is regulated and supervised by the Vanuatu Financial Services Commission (VFSC).

Client Money Protection

N1CM complies with the highest standards regarding client money protection. Clients opening an account with the VFSC-regulated entity will have their funds kept in top-tier international banks, and fully segregated from the company’s funds.

Regulatory Deposit Insurance

Currently, the Number One Capital Markets Limited entity does not offer deposit insurance, nor is it a member of an Investor Compensation Fund. The deposit compensation is not a requirement by the financial regulator where N1CM is licensed. In the unlikely event that N1CM becomes insolvent, or is unable to pay claims against it if the firm has stopped trading, clients might not be entitled to any compensation.

Negative Balance Protection

Number One Capital Markets Limited offers a default Negative Balance Protection mechanism for retail accounts (not available for institutional/professional traders). With the NBP mechanism, retail customers of Number One Capital Markets Limited are protected from any losses bigger than their original investments, in cases of extreme market volatility.

N1CM Profile

Company Name Number One Capital Markets Ltd
Categories Forex Brokers, Cryptocurrency Brokers
Primary Category Forex Brokers
Year Founded 2017
Headquarters Vanuatu
Office Locations Turkey, United Kingdom, Vanuatu
Account Currency EUR, USD, BTC
Support Languages English
Funding Methods Bank Wire, Bitcoin, Credit/Debit Card, FasaPay, Litecoin, Perfect Money, SticPay, Dash, Bitcoin Cash, Ethereum, Tether (USDT), Ripple
Financial Instruments Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...)
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Interest on margin
Fixed spread
Variable spread
Established in 2017, and with offices in London, Vanuatu and Istanbul, N1CM is the trading brand of Number One Capital Markets Limited, a financial services company supervised and regulated by the Vanuatu Financial Services Commission (VFSC).

N1CM provides leveraged CFDs trading services, giving its customers the potential to generate financial returns on both rising and falling prices on different asset classes; FX, shares, indices, cryptocurrencies and commodities. N1CM’s product offerings, and services, are available to a wide range of customers, including retail investors and professional/institutional traders.

N1CM Asset classes

N1CM trading platforms provide traders with access to fast executions and multi-asset trading (a limited selection of about +120 instruments to trade), divided into 5 asset classes: forex, indices, stocks, cryptocurrencies and commodities.

Currencies: 50 currency pairs, including all major pairs, and some minor and exotic crosses.

Cryptocurrencies: 6 CFDs available for trading including BTC, LTC, ETH and XRP versus the USD.

Commodities: 10+ commodities CFDs available for trading with several combinations of XAU versus other currencies, and 3 energies – UK Oil, Nat Gas and US Oil.

Indices: 10 indices CFDs of some of the most liquid, global indices, including the NAS100, DOW30, SPX500, UK100, JPN225 and GER40.

Stocks: 30+ stocks CFDs of US companies, and banks, listed on the NYSE and NASDAQ, including AMAZON, APPLE, TESLA, GOOGLE, JPMORGAN, MICROSOFT and NETFLIX.

N1CM Account types

Maximum leverage1000:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading PlatformMT4, MT5, WebTrader
Spread TypeFixed Spread , Variable SpreadVariable Spread
Minimum Deposit5200010000
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Maximum leverage 1000:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Fixed Spread Variable Spread
Minimum deposit 5
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Maximum leverage 1000:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 2000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
Maximum leverage 1000:1
Trading platform MT4MT5WebTrader
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 10000
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

N1CM offers three trading accounts: the Classic and Advanced accounts, with variable spreads and no commissions, best suited for novice traders who want simple, direct market access. N1CM also proposes the Elite account, designed for professional and institutional traders requiring deep liquidity and fast executions. The Elite account is offered also with variable spreads and a $5 commission per round lot on FX pairs. Within N1CM's range of accounts traders can also find:

Swap-free accounts for traders of Islamic belief are also available.

Copy trading is currently unavailable.

PAMM accounts and MAM accounts (Multi-Account Manager) are currently not provided by N1CM.

N1CM leverage ratios are up to 1000:1 for the Classic and Advanced accounts and up to 500:1 for the Elite account.

N1CM Demo account

N1CM demo account gives users the chance to test the broker's pricing and execution on several asset classes, without risking any real money.

The demo account expires after 90 days

Virtual funds: up to $50,000

Leverage: up to 1000:1

Financial instruments: forex, indices, stocks, commodities and cryptocurrencies

Register for free and test your trading strategies, open a N1CM demo trading account with no risk and no obligation now.

N1CM Pricing

Account/Pricing Classic Advanced Elite
EUR/USD Spread from 1.1 pip from 0.8 pip from 0.1 pip
EUR/USD 1 lot commission $0 $0 $5
EUR/USD 1 lot swap rate (01-11-2022) in points
  • Long: -6.00
  • Short: +2.00

Spreads and trading commissions

Offering the latest trading technology, N1CM provides a robust trading environment and fast order execution speeds on both of its trading platforms, suitable for traders with all levels of experience.

For our N1CM price comparison table, we use the EUR/USD pair as the benchmark, for its popularity with traders and because it is the most competitively priced FX pair.

N1CM Classic account spread starts at 1.1 pip, commission-free and it’s the ideal solution for investors looking to trade only with the bid/ask prices, without commissions and extra costs.

N1CM Advanced account spread starts at 0.8 pip and is also commission-free. The reason for the slightly better pricing is the minimum deposit required to open an account: $2,000. Pretty much, N1CM rewards traders making higher deposits with lower pricing.

N1CM Elite account spread starts at 0.1 pip (average 0.2 pip) and has a below industry-average trading commission of just $2.50 per lot, per side ($5 per round lot).

The minimum deposit for the Classic account is $5, for the Advanced account is $2,000 and for the Elite account is $5,000.

Rollover rates

N1CM swap rates, as of 01-11-2022, for 1 lot EUR/USD (100,000 units) are -6.00 points for holding a long position overnight and +2.00 points for holding a short position overnight.

The 3-day swap rate is charged on Wednesday night, 21:00 UTC (server time).

N1CM Deposits / Withdrawals

N1CM proposes three distinct trading accounts, Classic, Advanced and Elite, available in a couple of base currencies. N1CM also provides multiple funding methods, including the most popular e-wallets and several cryptocurrencies:

Account currencies: USD, EUR, and BTC. Please note, account currencies might be subject to account specifications and the client’s jurisdiction.

N1CM Classic account minimum deposit: $5.

N1CM Advanced account minimum deposit: $2,000.

N1CM Elite account minimum deposit: $5,000.

Funding methods: bank wire, cards, Sticpay, Neosurf, Fasapay, Payment Asia, PerfectMoney, BTC, DASH, TRON, LTC, ETH, BCH, DOGE, XRP, BNB and USDT. Please note that funding methods availability is subject to the selected account currency and contracting entity.

Deposit fees: N1CM does not charge fees for deposits.

Deposit processing times: from instant to 5 working days for bank wires.

Withdrawal fees: N1CM does not charge fees for withdrawals (receiving bank might charges fees).

Withdrawal processing times: variable, from instant to 3 hours.

Inactivity fee: currently, N1CM does not charge any subscription or account maintenance fees.

For more information, please visit the N1CM funding options web page, or log in to your N1CM Client Portal.

N1CM Web traffic

Organic monthly visits 60 (1%)
Organic traffic rank 450 out of 1760 (Forex Brokers)
Paid monthly visits 0 (0%)
Total monthly visits 6,020
Bounce rate 0%
Pages per visit 3.18206622177485
Average visit duration 00:03:09.6100000

N1CM Popularity

We base our popularity ranking on the Web Traffic metrics and the organic monthly traffic received by N1CM, including the average visit time. N1CM is currently scoring above average with the retail trading community, also because of its other features:

Client safety mechanisms: N1CM offers segregated client money and negative balance protection (subject to jurisdiction).

Competitive pricing: spreads from 0.1 pip on the Elite account, low FX trading commissions of $5 per traded lot, a low initial deposit of $5, and no fees on deposits/withdrawals.

Execution model: Hybrid – MM/STP/ECN.

Trading education: e-books, market analysis and an economic calendar.

Customer support languages: English, available Monday - Friday, 6 am - 3 pm GMT.

Overall, the competitive pricing of the Elite account, the good retail client protection mechanisms in place, including NBP, the fast execution times, together with zero fees on deposits & withdrawals, position N1CM on the top 15 brokers for popularity with traders opening a trading account in 2023.


Is N1CM a regulated retail forex broker?

Yes, N1CM is a regulated forex broker. The broker is regulated by Vanuatu’s Financial Services Commission (VFSC).

What is N1CM's minimum deposit?

N1CM's minimum deposit for the Classic account is $5, and for the Advanced account is $200. The minimum deposit to open an Elite account is $5,000.

What is N1CM's maximum forex leverage?

N1CM's maximum forex leverage ratio for retail accounts opened with the Vanuatu, FSC-regulated entity is 1000:1. For the Elite account the maximum forex leverage is 500:1

Can I earn rebates with N1CM?

No, currently traders cannot earn rebates from trading with N1CM.

Which funding methods are accepted by N1CM?

N1CM accepts account deposits with bank wires, cards, cryptocurrencies and several e-wallets. Please check the funding methods section.

Which account currencies are available with N1CM?

Traders can open a trading account in 2 different base currencies: USD and EUR, and in BTC, subject to the trader’s jurisdiction.

Which trading platforms are available with N1CM?

N1CM clients can trade the markets via the MT4 and MT5 platforms. All N1CM platforms are offered for web browsers and available to download for desktop and mobile devices.

Does N1CM offer Cent accounts?

Yes, N1CM offers Cent accounts on request.

Does N1CM have negative balance protection?

N1CM has negative balance protection only for retail traders opening an account with the VFSC-regulated entity. With NBP, trading accounts held with N1CM cannot go below 0 and investors cannot lose more than their original deposit. NBP does not apply to institutional/professional clients.

Does N1CM have regulatory deposit insurance?

No, N1CM is not a member of any Investor Compensation Fund, as it is not a requirement by the financial regulator supervising N1CM.

Does N1CM have swap-free accounts for traders of Islamic belief?

Yes. N1CM has swap-free accounts for traders of the Islamic religion.

Does N1CM accept applications from residents in Japan?

Yes, N1CM accepts applications from residents in Japan.

Does N1CM accept applications from residents in Canada?

Yes, N1CM accept applications from residents in Canada, excluding Ontario.

Does N1CM allow scalping trading?

Yes, N1CM allows scalping trading, and hedging is also allowed.

What is N1CM's order execution model?

N1CM's execution model is hybrid, with MM (Market Maker) executions for the Cent and Classic accounts. For the Advanced account, the execution is STP (Straight-Through Processing) and MM. For the Elite account, the execution model is ECN (Electronic Communications Network).

Does N1CM have mobile trading platforms?

Yes, N1CM has the MT4 and MT5 platforms available for mobile devices running on the Android operating system.

Does N1CM have a trading API?

No. Currently, N1CM does not publish a trading API.

Does N1CM pay interest on margin?

No, N1CM does not pay interest on free margin.

What type of spreads are N1CM's spreads?

N1CM ’s spreads are variable only (from 0.1 pip). N1CM also provides fixed spreads for its Classic account, on request.

N1CM Real customer rating


N1CM reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.

Currently, we do not have enough data from N1CM's verified customers, with real trading accounts, to analyse and publish the client's feedback. We will update the N1CM user rating section soon.

Review sources

With over 10 years of industry presence, we are a leading IB broker of forex and CFDs trading accounts to almost all of the world's top brokers. One of our primary missions is also to help the trading community make informed decisions, by publishing accurate and unbiased content, supported mainly by primary sources.

These sources may include government data, the information supplied by the broker and data available on the broker's corporate website(s), the analysis and reviews of our in-house industry experts, and the feedback provided by the broker’s verified traders with a live account. The information on this N1CM review page was also sourced from:

N1CM website, legal documentation, client account opening agreements page.

N1CM website, account specs, trading account specifications page.

N1CM website, trading instruments, financial instruments overview page.

N1CM website, pricing, spreads and commissions overview page.

N1CM website, FAQs on products & services, frequently asked questions page.

FXverify website, N1CM user reviews by verified traders with a live account, reviews page.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regional Restrictions: The N1CM brand does not provide services to residents of the Ontario Province inside Canada and other countries whose domestic regulations classify such investment offerings as prohibited.