N1CM

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	Official Website
Leverage	1:500
Minimum Deposit	$10
Regulation	IFSC (International Financial Services Commission)
Year Established	2018
Payment Methods	Bank Transfer, Credit/Debit Cards, Skrill, Neteller, Perfect Money, Bitcoin
Trading Assets	Forex, Indices, Commodities, Cryptocurrencies
MT4	✅
MT5	✅
Spreads	Very Low
Average cost: EUR/USD	0.3 pips
Demo Account	✅
Islamic Account	✅
CopyTrading	❌
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Contact Information	Email: support@n1cm.com, Phone: +44 1234 567890
Address	Office 2, Suite 1, 2nd Floor, Yeoford Way, Exeter EX2 8LB, United Kingdom
Rating	★★★★☆ 4.2
Website	Official Website

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Pros and Cons

A Comprehensive Review of N1CM: Strengths, Weaknesses, and Key Features

Founded in 2018, N1CM (Number One Capital Markets) is a relatively new entrant in the online trading industry, aiming to provide a robust and cost-effective trading environment for both beginners and experienced traders.

Based in Belize, the companies is regulated by the International Financial Services Commission (IFSC), which oversees its adherence to financial standards.

While it may not have the extensive history of some larger brokers, it has quickly made a name for itself by offering competitive trading conditions, flexible account types, and access to both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

This in-depth review will cover all aspects of its services, including its regulatory environment, trading platforms, account types, trading costs, customer support, and more.

It aims to provide a thorough understanding of the firm’s offerings, detailing both the strengths and areas where improvements could be made, so potential clients can make an informed decision.

Regulatory Environment

Oversight by the IFSC

The broker is regulated by the International Financial Services Commission (IFSC) of Belize.

While this regulatory body is less stringent than some of the more established regulators like the UK’s Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), it still imposes certain standards to ensure that companies operate fairly and transparently.

The IFSC requires firms to maintain adequate capitalization, segregate client funds, and provide regular financial reporting.

Although the oversight might not be as comprehensive as with more prominent regulatory bodies, it does provide a degree of security for users, particularly those comfortable with offshore regulation.

Fund Safety Measures

To safeguard user funds, the company adopts several industry-standard practices:

• Segregated Accounts: All funds are held in segregated accounts, which are separate from its operating funds. This segregation helps protect people’s money in the unlikely event of insolvency.
• Negative Balance Protection: The broker offers negative balance protection to ensure that investors do not lose more money than they have deposited. This feature is particularly valuable during periods of high market volatility.
• Advanced Security Protocols: Utilizing encryption and multi-layered security measures, the company aims to secure all financial transactions and data transfers, reducing the risk of cyber threats.

Considerations of Regulatory Choice

Choosing a broker regulated by the IFSC can offer both benefits and drawbacks.

On the positive side, the firm can provide higher leverage options and flexible trading conditions that more strictly regulated trading companies might not be able to offer.

However, some people may prefer brokerages regulated by authorities such as the FCA or ASIC, which enforce more comprehensive client protection measures, including compensation schemes in case of insolvency.

Trading Platforms

MetaTrader 4 (MT4)

The MT4 platform is widely regarded as the industry standard for forex trading.

It is particularly favored by retailers due to its user-friendly interface, advanced charting tools, and extensive customization options.

The platform supports multiple order types, including market, limit, stop, and trailing stop orders, which provide flexibility in managing trades.

Here are some key features:

• 30 Built-in Technical Indicators: These indicators allow analysts to perform in-depth technical analysis to make informed trading decisions.
• Support for Algorithmic Trading: MT4 supports automated trading through the use of Expert Advisors (EA). Traders can develop their own EA or use existing ones to automate their trading strategies.
• Cross-Device Compatibility: Available on desktop, web, and mobile devices, allowing individuals to access their accounts from anywhere.
• Customizable Interface: The platform’s interface can be tailored to suit individual preferences, making it easy to manage multiple trades and monitor market conditions simultaneously.

MetaTrader 5 (MT5)

As the successor to MT4, MT5 offers a more advanced trading environment with additional features that cater to both forex and multi-asset trading.

MT5 is designed for those who seek more functionality, such as additional order types and a broader range of financial instruments.

Key features of MT5 include:

• 38 Built-in Technical Indicators: MT5 offers a more comprehensive set of indicators than its predecessor, providing enhanced analytical tools.
• Additional Pending Order Types: The platform supports more pending order types, such as Buy Stop Limit and Sell Stop Limit, which can offer more precise control over trade execution.
• Wider Market Access: In addition to forex, MT5 allows trading in stocks, commodities, indices, and futures, making it suitable for people looking to diversify.
• Faster Execution and Enhanced Performance: The MT5 platform is optimized for faster order execution and reduced latency, which is beneficial for high-frequency traders.

Platform Accessibility

Both platforms, MT4 and MT5, are accessible via web browsers or downloadable applications for desktop and mobile devices.

N1CM supports these platforms across its account types, but with certain restrictions.

For example, the Classic account only supports MT4, while the Advanced and Elite accounts offer access to both MT4 and MT5, allowing traders to choose the platform that best aligns with their trading style.

Comparison of MT4 and MT5 Platforms

Account Types

Overview of Account Options

The broker offers three distinct account types designed to meet the needs of different traders: Classic, Advanced, and Elite.

Each account type offers unique features, minimum deposit requirements, and trading conditions.

A comparative table below provides an overview of these account types.

Classic Account

The Classic Account is designed for entry-level users or those who want to test its services with a small initial deposit.

With a minimum deposit of only $10, it offers a cost-effective way to start trading.

The account provides access exclusively to the MT4 platform and offers spreads starting from 1.0 pips with no commission fees.

Leverage up to 1:500 is available, allowing individuals to control larger positions with relatively low capital.

Advanced Account

The Advanced Account is tailored for more experienced traders who seek tighter spreads and access to both MT4 and MT5 platforms.

With a minimum deposit requirement of $100, this account type offers more competitive spreads starting from 0.5 pips.

A commission of $3 per lot is applied, but the overall trading cost is still low compared to many other brokers.

Additionally, the account offers a swap-free option, making it suitable for those who follow Islamic principles.

Elite Account

The Elite Account is targeted at professionals or those with higher trading volumes.

It requires a minimum deposit of $1,000 and offers the tightest spreads, starting from 0.2 pips, along with a reduced commission of $2 per lot.

This account type provides access to both MT4 and MT5 platforms and comes with all the advanced trading tools and features available.

The Elite Account is ideal for people looking for the most cost-effective trading conditions combined with high flexibility and advanced platform features.

Swap-Free Accounts

All account types offer a swap-free option, which is essential for traders who do not want to incur overnight interest charges.

This option is particularly appealing for those who adhere to Islamic finance principles, as it allows them to trade without violating their religious beliefs.

Trading Conditions

Leverage

N1CM provides high leverage of up to 1:500 across all its account types.

High leverage allows investors to control larger positions with smaller amounts of capital, potentially amplifying both profits and losses.

While high leverage can be attractive, especially for individuals with limited capital, it also comes with significant risks.

Traders should be cautious and consider their risk tolerance, trading strategy, and market conditions when using high leverage.

Margin Requirements

Their margin requirements are designed to ensure that users maintain sufficient funds in their accounts to cover potential losses.

These requirements vary depending on the asset being traded and the account type.

For example, forex pairs may have lower margin requirements compared to commodities or indices.

Investors should regularly monitor their margin levels to avoid margin calls or forced liquidations.

Range of Trading Instruments

The broker offers a diverse range of trading instruments across several asset classes.

The availability of multiple asset types allows investors to diversify their portfolios and hedge against market risks.

• Forex: More than 50 currency pairs, including majors (EUR/USD, GBP/USD), minors (EUR/GBP, GBP/JPY), and exotics (USD/ZAR, EUR/TRY).
• Indices: Access to major global indices such as the S&P 500, FTSE 100, DAX 30, and Nikkei 225.
• Commodities: Trading in popular commodities like gold, silver, crude oil, natural gas, and agricultural products.
• Cryptocurrencies: Popular digital currencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

Comparative Analysis of Trading Instruments

Trading Fees and Costs

Spreads

The broker offers variable spreads that depend on the account type and market conditions.

For the Classic account, spreads start from 1.0 pips, while the Advanced and Elite accounts offer tighter spreads, starting from 0.5 and 0.2 pips, respectively.

These competitive spreads can reduce the overall cost of trading, particularly for high-frequency traders and scalpers who frequently enter and exit the market.

Commissions

Commissions are applied only to the Advanced and Elite accounts.

The Advanced account has a commission of $3 per lot, while the Elite account charges $2 per lot.

This commission structure is competitive and straightforward, allowing everybody to calculate their trading costs with ease.

Compared to other companies, these commissions are relatively low, making it an attractive choice for those looking to minimize their trading expenses.

Swap Rates

Swap rates, or overnight fees, are charged when positions are held overnight.

These rates depend on the interest rate difference between the currencies in a trade and the broker’s own charges.

The swap-free option available for all account types allows traders to avoid these fees, which is particularly beneficial for those who adhere to Islamic finance principles.

Deposit and Withdrawal Fees

N1CM does not charge any fees for deposits or withdrawals, which is a notable advantage over many competitors.

The broker supports a wide range of payment methods, including:

• Bank Transfers: Secure but may take a few days to process.
• Credit/Debit Cards: Instant processing with no additional fees.
• E-Wallets: Options like Skrill, Neteller, and Perfect Money offer fast and secure transactions.
• Cryptocurrencies: Bitcoin and other digital currencies are also supported, appealing to crypto enthusiasts.

Withdrawals are generally processed within 24 hours, although processing times can vary depending on the payment method used.

The absence of fees for deposits and withdrawals makes it easier for people to manage their funds without incurring extra costs.

Customer Support

Support Channels

Customer support is available 24 hours a day, five days a week, aligning with global forex market hours.

The company provides multiple channels for support:

• Email: Suitable for non-urgent queries, with response times typically within 24 hours.
• Phone: Direct support available for immediate assistance.
• Live Chat: Offers real-time communication, often the fastest way to resolve issues.

Quality of Support

Feedback on the support is mostly positive.

The support team is described as knowledgeable, responsive, and professional.

However, the firm could enhance its service by providing support in more languages, as English appears to be the primary language available.

Educational Resources

While the company does offer some educational materials, such as basic trading guides and market analysis, its educational offerings are limited compared to other brokers.

There is a lack of in-depth content, such as webinars, video tutorials, or structured courses, which could be beneficial for beginners looking to elevate their trading skills.

More comprehensive educational resources would help attract and retain novices who require additional learning support.

Additional Trading Tools and Features

Advanced Trading Tools

• Expert Advisors (EA): Both MT4 and MT5 platforms support automated trading through EA, which can execute trades based on predefined criteria.
• Virtual Private Server (VPS) Hosting: Available for clients who want to ensure uninterrupted trading, especially for those using automated trading strategies.
• Trading Signals: The broker offers access to trading signals that help identify potential trading opportunities, which can be beneficial for those who need assistance with market analysis.

Analytical Tools and Market Insights

N1CM provides a range of analytical tools and market insights to help investors make informed decisions:

• Technical Analysis Tools: Both MT4 and MT5 platforms offer a comprehensive range of technical analysis tools, including multiple timeframes, indicators, and drawing tools.
• Economic Calendar: The economic calendar helps everybody keep track of important economic events and data releases that could impact the markets.
• Market News and Analysis: Regular market updates and analysis provide insights into current market trends, helping participants stay informed.

Trading Experience

Order Execution

The broker is known for its fast order execution, which is essential for users using strategies that require quick entries and exits, such as scalping.

The use of advanced technology and robust infrastructure ensures that trades are executed with minimal slippage and latency, providing a smooth and efficient trading experience.

Account Management

Account management is streamlined through a user-friendly client portal that allows traders to monitor their accounts, deposit and withdraw funds, and access trading history.

The portal is accessible via both desktop and mobile devices, offering convenience for individuals who need to manage their accounts on the go.

Conclusion

N1CM presents itself as a competitive option for those looking for a broker with flexible trading platforms, low trading costs, and high leverage.

The choice between MT4 and MT5 allows traders to select the platform that best suits their needs, while the availability of a wide range of trading instruments offers ample opportunities for diversification.

However, while the firm offers several attractive features, there are areas where it could improve, particularly in terms of regulatory oversight and educational resources.

Investors who are comfortable with the IFSC regulation and are looking for a trading firm with competitive pricing, flexible platform options, and high leverage will find N1CM a viable choice.

On the other hand, those who prefer a company regulated by more stringent authorities or those seeking extensive educational support may want to consider alternatives.

In conclusion, N1CM provides a balanced mix of features and benefits that cater to a wide range of trading needs, making it a suitable choice for many individuals while leaving room for growth and enhancement in certain areas.

As always, prospective clients should carefully assess their individual requirements, risk tolerance, and trading goals before committing to any broker.

FAQ

Bibliography

• Official Website: https://www.n1cm.com/
• Email: info@n1cm.com
• Phone: +67829365

User Reviews

Article written, edited and reviewed by

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
But hold on, there's more to this financial nerd.
Andrew's been causing ripples in the fintech world for a while now. In fact, he's the mastermind behind Brokfolio, a platform that's all about making trading on financial markets crystal clear and super accessible.
Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
For more on his financial escapades, head over to his LinkedIn profile. Trust us, his journey is worth a read!

Emily Clark

Emily Clark is our superstar who kicked off her journey as a content whiz and proofreading ninja, focusing on all things finance and tech.
As our team grew, Emily's role blossomed big time. She became the go-to rockstar, an absolute must-have player in our squad, making our growth story rock.
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But here's the cool part – Emily isn't just words and commas. She's got this uncanny radar for brokers and trading know-how. It's like she's got insider info on these money-making worlds.
Currently Emily's holding the senior editor crown, keeping tabs on content from our awesome team.

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1	xChief
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10	IC Markets

Last updated: September 17, 2025