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N1CM Review 2024 | Information about N1CM Forex Broker - BrokersView
Is N1CM a Scam or Not? Detailed N1CM Review, which is a must read before you trade with this Forex broker. Read all N1CM pros and cons, full description of trading accounts, platforms, spreads, promotions.

Operating status: SCAM

Website: https://www.n1cm.com/

Broker violations and abnormal records
  • 2023-07-09 The CNMV issued a warning against N1CM

    On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added N1CM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

    On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added N1CM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
  • 2023-07-10 BrokersView has reviewed that N1CM is an unregulated broker

    N1CM claims to be the trading name of Number One Capital Markets Limited, a company supposedly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). However, we have been unable to locate any record matching this company in the "Financial Dealers Licensees" of the financial regulator. This means it is not authorized to operate as a forex broker.

    Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added N1CM to its warning list for providing investment services without authorization.

    In essence, N1 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    N1CM claims to be the trading name of Number One Capital Markets Limited, a company supposedly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). However, we have been unable to locate any record matching this company in the "Financial Dealers Licensees" of the financial regulator. This means it is not authorized to operate as a forex broker.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added N1CM to its warning list for providing investment services without authorization.In essence, N1 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

29 comments

PearlPena
My account manager told me that the trend is my friend and I have been riding the BTC downtrend for a while now. I am trailing a few pips behind but it seems like btc has not found its bottom
2022-09-21
4
Reply
Horst-Dieter
My experience with N1CM has been fantastic from the start. During a gift promotion, I received a 25% bonus on my deposit.
2023-04-07
2
Reply
Aleksashenko
Nice broker with tight spreads, good for ea trading and hfts. vps is a must. btc deposit and withdrawal accepted, recommend
2023-03-24
2
Reply
Isom Schmidt
N1cm has been a good fit for me so far, and I hope that my positive experience continues as I continue to explore the market and grow my portfolio.
2023-03-17
2
Reply
louis bertin-fournier
I knew the broker was not a market maker the moment I noticed the constant execution speed. The typical execution speed for my trades is less than a second. The speed helps me catch up easily with fast moving markets. This way, I am able to execute trade and exit trades at a speed that I can say is close to a high frequency trading speed
2022-11-24
2
Reply
Tiago Awasthi
Don't trust it. N1CM is a scammer!
2023-08-24
1
Reply
Hugueslemoine
I find it advantageous to maintain a diversified investment portfolio as a way of balancing my positions and reducing potential risks. As such, I have come to appreciate the functionality of this particular broker's MT5 platform, which allows me to transfer funds between my accounts with ease and flexibility. This feature enables me to make timely and strategic adjustments to my investments whenever I deem it necessary.
2023-06-19
1
Reply
Fulvio
One of the reasons I decided to go with N1CM as my broker is their low stop out level, which is set at 30%. Additionally, I was drawn to the high leverage they offer. While N1CM may seem like a basic broker, these features make them a great choice for traders like me who prioritize risk management and potential profits.
2023-05-19
1
Reply
Marcus Kaufman
Bitcoin and other crypto have not been moving so well lately but I stopped bothering about that since I started to trade CFDs here, When I was buying and holding, I always got troubled by bearish moves, But now, I only take positions based on whatever direction I see the market going and it has been okay. The broker is regulated and this has also improved my confidence in the services
2023-05-11
1
Reply
Jonas Solberg
I think n1cm has one of the best services for forex trading. It has all the major pairs and crosses with some exotic pairs. With these, it delivers unlimited trading instrument options to its clients. I switched to using ea recently because someone recommended a reliable one to me. My manual trading days were fun and I did not have any fear of fraud. Slippages rarely affect my trades, requotes do not happen, and the broker provides real-time prices
2023-04-26
1
Reply

1-10 of 29 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.