N1CM-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2026-04-20 22:13

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regulation of retail forex issued by Vanuatu Financial Services Commission (VFSC) with license number 15035 has since been revoked.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	0	✔
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
EUR/USD Spread	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.

Related broker

Not Regulated

N1CM

Company name：Number One Capital Markets Limited

Score

2.27

Website：https://www.n1cm.com/en

5-10 years | Questionable Regulatory License | MT4 Full License | MT5 Full License

Score

2.27

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