Number One Capital Market 

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Rated 5 out of 5 stars

I'm trading with n1cm since last October. I just wanted to submit this review to thank them for all proficiency that they have. I didn't trust them bcz of all these bad reviews but I decided to... See more

Company replied

Rated 1 out of 5 stars

Everyone please read!!!!!!!!!!!! Resubmit your withdrawal requests and send hella emails with your payout method daily until they honor your withdrawal requests. Leaving them reviews will not solve t... See more

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Rated 5 out of 5 stars

I've traded gold with several brokers, and i've found its generally more suitable for swing trading due to potential long-term holding potential gains. But, I've noticed that N1CM offers more favorabl... See more

Company replied

Rated 1 out of 5 stars

Don’t be fooled by the positive reviews. This company DOES NOT honor withdrawals. The people saying they received their withdrawals are liars. N1CM is a fraudulent broker. They will never pay you.... See more

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Company details

  1. Alternative Financial Service
  2. also in
  3. Cryptocurrency Service
  4. Currency Exchange Service
  5. Finance Broker
  6. Stock Broker

Written by the company

N1CM is a licensed and regulated CFD broker founded by devoted finance experts in the industry, serving its customers on a global scale in over 175 countries.


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(569)

85 reviews in the last 12 months

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Rated 2 out of 5 stars

Deposits have been an issue lately

Deposits have been an issue lately. I seriously considering moving on to futures trading. I don’t have any other issues otherwise.

10 April 2024
Unprompted review
Number One Capital Market logo

Reply from Number One Capital Market

Hello Royce,

Thank you for your valuable feedback, we always look forward to taking one step forward and improving ourselves. If you encounter any problems depositing funds, please feel free to contact our support channels, we will be happy to assist you.

Rated 5 out of 5 stars

Narrow Spreads & Low Commision

Good choice to trade here. Tight spreads and minimal commissions. N1CM consistently delivers in this area, highlighting their crucial role in the broker selection process.

3 April 2024
Rated 1 out of 5 stars

Unfortunately having to write this…

Unfortunately having to write this follow up review. Everything was great with N1CM, until yesterday while I was in a trade, their mt4 trading platform froze for me, then unfroze, then the price of the currency pair that I was trading suddenly spiked down into my stop loss making me lose the trade. I take losses with grace and see it as a learning experience as should every trader; BUT I go to look on trading view and see that this spike down never happened on TradingView, so I go to look at Yahoo charts for the same pair, also no spike down, went to look at OANDAs charts for the same pair, and again, no spike down. I contacted support asking them what happened and if I could be compensated and was pretty much told that their LP is different from other brokers and they sent a picture of the bid and ask prices during the time, and the price was still no where near my stop loss. This spike down never happened, only on N1CMs chart.

In conclusion I’ve closed my account with N1CM, and hope everyone else has a better experience, even if they are stop loss hunting. Support is still nice though so that’s why I’m giving 2 stars.

Update 2: as per the companies reply; I have fiber GB Ethernet internet, connection was not a problem at the time of the trade, as I stated already this has nothing to do with the margin call lol, it has to do with the fact that the price on N1CMs went down into my stop loss and on every single other market like OANDA, TradingView, etc. the price never went into my stop loss, or was even close to it, again THIS HAS NOTHING TO DO WITH THE MARGIN CALL, N1CMs price went way lower than the actual price on every other market. Anyways work with N1CM with caution 😁 - Removed a star for the ignorant reply by them.

27 March 2024
Unprompted review
Number One Capital Market logo

Reply from Number One Capital Market

Hello Matthew,

Thank you for your valuable review.

Our customer support agents have reported the prices we have received from our LPs at that time, due to the low margin you had your positions were automatically stopped out by our system. To prevent such drawdowns you may fund your account or close your positions when you have a margin call. After contacting the Treasury Department about MetaTrader freezing and after completing the necessary inspections, it was found that no freezing was encountered. Rest assured, if the problem was on our side, a solution could be found so as not to upset you, such interruptions may be related to the client's internet connection or MetaTrader's version, it may likely be due to many factors like this.

Rated 5 out of 5 stars

Crypto execution

I've been a Forex trader for a while, but my curiosity led me to explore crypto a few months back. Testing different platforms, I found N1CM to be the standout. What sets it apart is the ability to trade crypto with low margin requirements, making it accessible. The platform's quick execution and reliable order processing add to the appeal. Interestingly, N1CM's crypto trading conditions are similar to popular platforms like Binance, but the key difference is the convenience of trading directly from MetaTrader. This unique blend of favorable conditions and the familiarity of MetaTrader has made N1CM my go-to choice, seamlessly integrating crypto trading into my well-established forex routine. It's become my primary platform, offering a reliable and efficient space for both forex and crypto trading.

18 March 2024
Rated 5 out of 5 stars

A Beginners Gratitude

My name is Wayne. I'm writing this review to affirm my satisfaction with N1CM. The excellence in every facet of the company I have experienced to date is off the charts! In particular, my experience with customer service has been the best I have ever encountered. I was surprised that I could even talk to a real person. But Elizabeth is the person in particular who has gone way out of her way on several occasions to patiently help me through the sign up process and getting everthing all synched up and my account funded. Thank you N1CM, and thank you Elizabeth.

27 February 2024
Unprompted review
Rated 5 out of 5 stars

As a news traFloating Spreads der

As a news trader, I'm not particularly fond of floating spreads, especially when spreads tend to widen just before significant news releases, which is common across most platforms. However, N1CM offers a certain level of predictability in this regard. For instance, when trading AUD/USD on the ECN account, I know that if the spread does widen, it typically ranges from a minimal 0.7 pips to a maximum of 0.8 pips. This predictability is a valuable feature, making N1CM a good choice in my opinion for news trading, despite floating spreads.

25 December 2023
Rated 5 out of 5 stars

Grappling with Margin Calls

Trading with this broker has been tough for me. Getting started is easy, but keeping my account in good shape is a struggle. Unfortunately, their educational resources aren’t very helpful and haven’t made much a difference. It would be great if they offered social or copy trading. I’d be willing to let someone else handle my account if that option was available. It could make a big difference.

21 December 2023
Rated 5 out of 5 stars

efficient

N1CM's execution is excellent, especially for scalpers like me who rely n tick charts. they make it easy to start trading with low capital, which was a challenge with other platforms. N1CM has simplified my trading and made it more efficient

19 December 2023
Rated 5 out of 5 stars

Some things are a bit confusing

I consider N1CM a broker more suited to professional traders due to their favorable trading conditions. This is evident in the fast execution, low spreads, and modest deposit bonuses they offer.

Their trading conditions are good:

-The average spread on the ECN account is a mere 0.5 pips.
-The commission is as low as $2.5 per side.
-The 30% stop out level allows for hedging opportunities.

However, I find it puzzling that they maintain such low minimum starting thresholds. Starting with just $1 or $10 seems impractical for serious traders, as it's typically associated with amateurs or gamblers. Building a sensible trading plan around such small amounts can be challenging.

What adds to the puzzle is that the cent account, with a $1 starting amount, doesn't allow promotions. Nevertheless, since I primarily trade on their ECN account, these minor issues don't concern me much.

18 December 2023
Rated 5 out of 5 stars

Fast servers

Their server operates fast, and they handle Sunday price gaps effectively. Unlike my previous broker, N1CM doesn't trigger stop orders if the price jumps beyond the set limit, even for monthly time frame orders. They are reliable and honest. Recommend.

15 December 2023
Rated 5 out of 5 stars

No spread manipulation

They have good spreads. Placing my stoploss outside the spread range has prevented unexplained stopouts, a contrast to my past experience with them. In my view, this indicates their honesty and their commitment to not allowing hedge funds to target retail stop orders.

14 December 2023
Rated 5 out of 5 stars

Stop out level is reasonable

I find N1CM's 30% stop-out level quite reasonable. In comparison to my previous brokers with 100% or 60% stop-outs, this lower level has proved advantageous for me. When I'm wrong, I hedge my position, reducing my margin level to zero, provided my buys and sells have the same volume. This allows me to maintain a open a hedging position provided my margin is at 60% .At this level my account would be blowing with my past brokers. It's a valuable feature for agile traders like myself

13 December 2023
Rated 5 out of 5 stars

Cent account xauusd spread

After trading in both N1CM's cent account and ECN account, i've noticed that the floating spreads on the cent account can be a hidrance. There were time 1 missed my TP and loses positions prematurely. The ECN account, on the other hand is more precise, consitenly triggering where i set my limits. In my opinion, the ECN account offers a better trading experience.

8 December 2023
Rated 5 out of 5 stars

Good, cheap & fast

the swift and lenient verification process appealed to me, it allowed me to start trading quickly. i chose the ECN account for tighter spreads, and $2.50 per side commission made it even more cost-effective. trading with N1CM is affordable.

7 December 2023
Rated 5 out of 5 stars

There is no big difference between the more reasonable standard accounts

I have used both the N1CM standard account and the ECN account, and the main difference is in the commission. The standard account has spreads starting from 0.8 pips, which is good. However, with an ECN account, I may get tighter spreads starting from 0.5 pips, but there is a catch – this account charges a commission of $2.50 per lot. Because of the commissions, I chose the standard account because I make a lot of trades per day, and it helps me keep my trading costs lower.

29 November 2023
Rated 5 out of 5 stars

Margin Calls and Liquidation

N1CM is a good broker in my book but I have concerns about their leverage system. When
my account equity is low, it means I'm taking on more risk. This is particularly true when I'm
trading with a 1:1000 leverage and my balance is below 1k because the minimum margin
required is only 0.1%. It's crucial to be disciplined and cautious in such situations, as it's easy
to wipe out my account if I don't manage risk properly

27 November 2023
Rated 5 out of 5 stars

Graduated Margin

When I started with N1CM, I was cautious about the risk. But when I learned about their graduated margin requirement I felt much safer trading to my full potential. With higher leverage, the minimum margin rises proportionally. For 1:1000 leverage, it's just 0.1%, meaning I use only $10 margin for every $100. It's decent safety feature for risk-conscious trader like me

22 November 2023
Rated 5 out of 5 stars

I exlusively swing tirade wih N1CM on…

I exlusively swing tirade wih N1CM on fuRusi becaurse it has no swap cocts on the short
poston and a rebafvely lower negafiyn swap rate on tha long pastion (-f 00 pants), making
t oost-emectve. Gecaxsionally, Iconsider ALCUSD wth its manageabie swap rates. 1 avoid
E URTRY, GEPTRY, and USDTRY due to their high swap

21 November 2023
Rated 5 out of 5 stars

Volatility Analysis

I've found N1CM's Autochartist tool to be quite useful for volatility analysis, especially in the lead up to the New York open. Just before the market open in New York. I rely on the Autochartist to scan the chart and identify potential volatility-inducing patterns and price levels.

This tools not only saves me time but also helps me more informed trading decision.

20 November 2023

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