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Is N1CM a Scam or Not? Detailed N1CM Review, which is a must read before you trade with this Forex broker. Read all N1CM pros and cons, full description of trading accounts, platforms, spreads, promotions.
N1CM Review 2024 | Information about N1CM Forex Broker - BrokersView

Operating status: SCAM

Website: https://www.n1cm.com/

Broker violations and abnormal records
  • 2023-07-09 The CNMV issued a warning against N1CM

    On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added N1CM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added N1CM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-07-10 BrokersView has reviewed that N1CM is an unregulated broker

    N1CM claims to be the trading name of Number One Capital Markets Limited, a company supposedly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). However, we have been unable to locate any record matching this company in the "Financial Dealers Licensees" of the financial regulator. This means it is not authorized to operate as a forex broker.

    Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added N1CM to its warning list for providing investment services without authorization.

    In essence, N1 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    N1CM claims to be the trading name of Number One Capital Markets Limited, a company supposedly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). However, we have been unable to locate any record matching this company in the "Financial Dealers Licensees" of the financial regulator. This means it is not authorized to operate as a forex broker.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added N1CM to its warning list for providing investment services without authorization.In essence, N1 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

34 comments

Theo
The variety of account types offered here is excellent. Whether you’re a beginner or an experienced trader, there’s an option that suits your needs. I started with the Standard account and have had a great experience so far.
2024-10-19
Reply
Ernest Koss
N1CM offers flexible account options to suit different types of traders. The Cent Account with a minimum deposit of $1 is great for beginners, while the Standard and ECN accounts offer tighter spreads and additional features for more experienced traders.
2024-09-25
Reply
Clinton
While trading conditions are generally good, the withdrawal process can be painfully slow, taking up to 2 days. This is something N1CM really needs to work onanyway i would recommend that broker to my friends .
2024-08-20
Reply
Strobel
Their ECN account offers tight spreads from 0.5 pips, and the execution speed is generally impressive. However, be cautious during major news events.
2024-07-03
Reply
Knudsen
I like N1CM's versatile support options, including Skype, WhatsApp, and more. Having support accessible through these chat platforms allows me to save previous conversations, ensuring I don't need to repeat inquiries. It enhances efficiency and provides easy communication experience for resolving queries and receiving assistance promptly.
2024-05-18
Reply
bergscherer
Since 2019, I've actively traded with N1CM and encountered no major issues. Several friends also vouch for its reliability. The portfolio system, allowing separate deposit management, simplifies capital control. Withdrawals are quick, although deposit methods are somewhat limited, albeit regularly expanding. For any concerns, reaching out to support or opening a ticket reliably resolves issues.
2024-04-14
Reply
Carlos Orn
Incredibly powerful and cost-effective. The 1:1000 leverage, while potent, can be intimidating. However, their compliance and support systems are responsive and efficient, resolving issues swiftly. This N1CM platform is a top choice for experienced investors, but I dont recommended for beginners. Seasoned traders have the green light to go ahead from me and explore its potential but for more effeciency I would not recommend the bonus as margin requirement increase with higher balance.
2024-03-17
Reply
Charles
Being cautious, I checked their conditions and services. The broker's trustworthiness is evident, and they consistently process withdrawals on time, reinforcing their reliability. N1CM has proven to be a reliable broker for me.
2024-02-21
Reply
davonte gutkowski
Stable, and lightning-fast execution. Support is proactive. Quick verification is essential; adhere promptly. In 8 months of live trading, two smooth withdrawals with no delays.
2024-01-25
Reply
hunterswift
I've been trading with N1 for several months now, and I haven't encountered noticeable slippages or erratic quotes. If there were any, they were negligible, as they didn't catch my attention. While I acknowledge that there are brokers with more favorable spreads, particularly in the ECN category, I appreciate N1CM for its reliable market execution. As I primarily trade major currency pairs, their offerings suit my needs perfectly.
2023-12-21
Reply

1-10 of 34 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.