N1CM Review: everything about broker reliability, trading conditions, spreads and commissions, deposits and withdrawals, and more.
N1CM is a CFD broker founded in 2017 and regulated by the VFSC. The VFSC regulation is purely conditional, as anyone can obtain a license from this regulator after paying an entry fee. Consequently, N1CM has only been operating for 4 years and has no reliable regulation, so nothing will protect traders in the event of fraud.
Any trader can open a Cent, Standard or ECN account on the MT4 or MT5 platform. As for the trading conditions and offers in general, they are very far from good. For example, N1CM offers a total of 111 trading instruments, most of which are currency pairs.
The main disadvantage is the high commissions on payment and trading spreads, which are large compared to other brokers. Finally, it’s worth noting that there is no education or market research at all here.
Small benefits include only a small minimum deposit of $ 5 and a wide range of payment methods.
Based on the review, it is better to choose a more reliable broker for CFD trading.
The total score may change after a detailed review of N1CM.
| Official site | https://n1cm.com |
| Year of foundation | 2017 |
| Regulated by | VFSC |
| Trading instruments | 111+ assets CFDs on forex (52), commodities (3+), stocks (37+), indices (12+), cryptocurrencies (7+) |
| Spreads and commissions | High fixed/floating spreads EUR/USD – from 2 pips GBP/USD – from 2.3 pips USD/JPY – from 2.3 pips Gold – from 45 pips |
| Most popular | N1CM in Philippines, South Africa, Canada, USA |
| Provision of services in the US, UK, Canada, European Economic Area |
| Min. trade size | 0.01 |
| Leverage | Up to 1:1000 |
| Account types | Cent, Srandard, ECN |
| Minimum deposit | $ 5 |
| Minimum withdrawal | |
| Deposit & withdrawal methods | 18+ |
| Payment Fees | Withdrawal fee is up 0.5% to 2.5% |
| Trading hours | 24/5 24/7 (For crypto) |
| Trading platforms | MT4, MT5, MT4 WebTrader |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | |
| Affiliate program |
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