N1CM-Overview of Minimum Deposit, Spreads & Leverage
Abstract：N1CM is a broker that provides online trading services that allow clients to trade in multiple financial markets, including forex, metals, commodities, indices, stocks, and cryptocurrencies. N1CM offers a wide range of trading products and flexible account options, making it suitable for traders of all levels, especially newbies and users who want to try their hand at trading with high leverage. However, due to its unregulated status and the potential risks associated with high leverage, traders should fully assess their risk tolerance and conduct in-depth research before trading.
| N1CM Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Comoros |
| Regulation | VFSC (Revoked) |
| Market Instruments | Forex, Metals, Commodities, Indices, Shares, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.9 pips (Cent Account) |
| From 0.8 pips (Standard Account) | |
| From 0.5 pips (ECN Account) | |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $1 |
| Customer Support | Live chat |
| Phone: +269 472 9838 | |
| Email: info@nlcm.com | |
| Social Media: Facebook, Twitter, Instagram, LinkedIn | |
| Regional Restrictions | Turkey, the United States, Europe |
| Bonus | ✅ |
N1CM Information
N1CM is a broker that provides online trading services that allow clients to trade in multiple financial markets, including forex, metals, commodities, indices, stocks, and cryptocurrencies. N1CM offers a wide range of trading products and flexible account options, making it suitable for traders of all levels, especially newbies and users who want to try their hand at trading with high leverage.
Pros and Cons
| Pros | Cons |
| Negative balance protection | Revoked VFSC license |
| Demo accounts | Regional restrictions |
| Various payment methods | Commission fees charged |
| Live chat support | No common payment options |
| Various trading instruments | |
| Low minimum deposit of $1 | |
| MT4 and MT5 provided | |
| Bonus offered |
Is N1CM Legit?
Although N1CM claims to be regulated, the regulation of retail forex issued by Vanuatu Financial Services Commission (VFSC) with license number 15035 has since been revoked. Traders should be careful when trading.
What Can I Trade on N1CM?
N1CM offers 50 Forex, Metals, Commodities, 10 Indices, Shares, and Cryptocurrencies.
| Tradable Instruments | Available |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type
N1CM provides a Demo Account for traders to engage in trading using a simulated account with virtual funds.
N1CM also offers three types of live accounts: Cent Account, Standard Account, and ECN Account. The following is information on the three types of accounts. Among them, Cent Account only supports MT4, and other types of accounts support both MT4 and MT5.
| Account Type | Minimum Deposit | Maximum Leverage | Spread | Commission | Bonus |
| Cent | $1 | 1:1000 | From 0.9 pips | 0 | ❌ |
| Standard | $10 | From 0.8 pips | ✔ | ||
| ECN | $10 | From 0.5 pips | $2.5 per side | ✔ |
Leverage
Leverage in Forex and CFD trading is being able to trade a larger amount of volume with less investment.
N1CM offers flexible leverage options up to 1000:1 for all account types, but the maximum leverage gradually decreases as the account equity increases. The choice of leverage is directly related to the equity of the account; the higher the equity, the lower the leverage multiplier and the higher the margin requirement.
Although high leverage can magnify returns, it also increases risks, and traders need to choose a reasonable leverage ratio according to their own capital situation and risk tolerance.
Fees
| Account Type | Cent | Standard | ECN |
| EUR/USD Spread | From 1.1 pips | From 0.9 pips | From 0.5 pips |
| Average 1.2 pips | Average 1.0 pips | Average 0.6 pips |
| Account Type | Cent | Standard | ECN |
| Forex | 0 | 4 USD per lot per side | |
| Indices | 6 USD per lot per side | 5 USD per lot per side | |
| Cryptos | 0 | ||
| Commodities | 6 USD per lot per side | 5 USD per lot per side | |
| Stocks | 5 USD per lot per side | ||
Trading Platform
N1CM supports the use of MT4 and MT5 platforms.
MetaTrader 4 (MT4) is a trading platform released by the Russian company MetaQuotes specifically for forex trading.
MetaTrader 5 (MT5) is a multi-asset trading platform launched by MetaQuotes that allows trading Forex, Stocks, and Futures.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
N1CM accepts a variety of payment methods: Perfect Money, PaymentAsia, STICPAY, Coinbase, Tasapay, and B2BinPay.
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