This N1CM review provides a comprehensive breakdown of the broker’s regulation, execution model, available markets, and account conditions. N1CM (Number One Capital Markets) is an offshore forex and CFD broker offering high leverage, MetaTrader platforms, and raw spread trading to global retail clients.

Regulation and Safety

N1CM is authorised and regulated by the VFSC (Vanuatu Financial Services Commission):

• Licence Number: 15008

As an offshore broker, N1CM does not provide investor compensation schemes such as FSCS or ICF. However, it offers basic client fund segregation and negative balance protection as part of its internal risk management protocol.

Execution Model and Trading Platforms

N1CM operates on an STP/ECN hybrid execution model, with no dealing desk intervention. Institutional clients can access FIX API connectivity, and VPS hosting is supported. Platform access includes:

• MetaTrader 4 (desktop, web, mobile)
• MetaTrader 5 (desktop, web, mobile)

Markets and Instruments

Clients can trade over 100 instruments across 6 asset classes:

• Forex: 50+ currency pairs
• Indices: US30, GER40, UK100, AUS200
• Commodities: Gold, silver, oil
• Stocks: Major US and European equities
• Cryptocurrencies: BTC, ETH, LTC, XRP
• Futures and ETFs: Limited offering via MT5

Accounts, Spreads and Leverage

N1CM offers two primary account types:

• Standard Account: Spreads from 1.2 pips, zero commission
• ECN Account: Spreads from 0.0 pips + $6 per lot round-turn

Key trading conditions include:

• Leverage up to 1:1000
• Minimum deposit: $50
• Stop-out level: 50%
• Islamic swap-free option: Available on request

Funding and Base Currencies

N1CM supports a variety of deposit and withdrawal methods:

• Visa/Mastercard
• Bank wire transfer
• Skrill, Neteller, Perfect Money
• Cryptocurrencies: BTC, USDT, ETH, LTC

Accepted base currencies: USD, EUR, GBP, BTC. Most deposits are instant; withdrawals are processed within 24–48 hours.

Client Protections and Features

• Negative balance protection
• Segregated client funds (offshore policy)
• 2FA on client portal
• No compensation scheme (non-EU)
• Monthly trading contests and bonuses

Institutional and Retail Offering

N1CM supports both retail and institutional traders:

• FIX API access for algorithmic and HFT clients
• Free VPS hosting (subject to volume)
• No white-label or prime brokerage solutions
• Retail-focused client portal with PAMM system

Pros and Cons

Pros

• High leverage up to 1:1000
• Access to both MT4 and MT5 platforms
• ECN account with raw spreads
• FIX API and VPS available
• Crypto funding and trading supported

Cons

• No top-tier regulation (offshore only)
• No investor compensation scheme
• Limited educational and research content
• Restricted access in some jurisdictions
• Bonuses may have withdrawal conditions

Frequently Asked Questions

Is N1CM regulated?

Yes, N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), Licence No. 15008.

Does N1CM support MetaTrader?

Yes, both MetaTrader 4 and MetaTrader 5 platforms are supported across desktop, web, and mobile.

What is the minimum deposit at N1CM?

The minimum deposit is $50 for both Standard and ECN account types.

Can I use crypto for deposits and withdrawals?

Yes, N1CM accepts crypto payments including BTC, ETH, USDT, and LTC.

Does N1CM offer negative balance protection?

Yes, all client accounts are protected against negative balances under the broker’s internal policy.