N1CM

Maximise N1CM Broker Earnings with Cashback Bonuses

The STIC Cashback bonus for N1CM traders returns up to $5 per lot when trading the EUR/USD forex pair. This is a very decent bonus if you’re someone who regularly trades major forex pairs like the Euro Dollar.

If you don’t yet have an N1CM account, make sure you sign up using the link above. Once your trading account is open and verified, just register your trading account details with us to start raking in the cashback. You’ll find out if your N1CM account is approved by heading to your ‘My Cashback’ tab.

N1CM Broker Background and History

N1CM is the brand name short for Number One Capital Markets Limited. This brokerage specialises in contracts for difference (CFDs), which are leveraged products across a host of asset classes, ranging from forex and equities to global indices and commodities.

N1CM offers competitive prices and spreads, served via its Tier 1 bank and broker liquidity pool.

N1CM Broker Regulation and Safety

Is N1CM regulated? If so, where? The official website states that it is fully licensed and regulated and, after doing some digging, we can see that the broker is regulated on the island of Vanuatu via the Vanuatu Financial Services Commission (VFSC).

An VFSC licence is one of the most cost-effective in the market and can be obtained within a matter of three months.

The site offers fully encrypted connections via 128-bit SSL technology, ensuring all of your sensitive data is never shared with anyone but N1CM.

N1CM Forex Account Registration, Verification and Login

To get started, hit the green “Open Account” button to the right of the N1CM login button. Complete the application form, inputting your full name, email address and contact phone number.

You’ll then need to verify your account by uploading the necessary documentation which proves your identity and address.

Make your first deposit using a fiat currency or cryptocurrency payment method, download your preferred trading platform and get started!

Account Types at N1CM Broker

You can choose from three N1CM account types at sign-up. The Cent account is aimed at low-rollers and novice traders, with the N1CM minimum deposit starting at just $1.

Intermediate and seasoned traders will almost certainly prefer N1CM’s Standard and ECN accounts. Both of which support MT5 as well as MT4. With the Standard account, spreads start from 0.8 pips, compared with 0.5 pips for the ECN account. Standard accounts pay zero commission to account for the wider spreads, with ECN account paying $2.50 commission per side.

N1CM Forex Trading Platforms

One downside to N1CM is that it doesn’t have its own proprietary trading platform. This may not be an issue though if you’re familiar with state-of-the-art trading software like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It’s possible to open an N1CM MT4 account or an N1CM MT5 account. Both platforms are licensed to N1CM, ensuring super-fast execution and dozens of technical indicators at your fingertips. You can also download MT4 or MT5 to access on Windows, MacOS, iOS and Android.

The broker also offers a useful MT4 vs MT5 comparison page to help you decide which platform is best-suited to your trading journey with N1CM. MT5 has more inbuilt indicators and graphical objects and offers 64-bit multi-threaded trading speed, compared with MT4’s 32-bit, mono-threaded offering.

N1CM Broker Trading Instruments

You’ll know doubt be wondering which instruments you can trade using an N1CM broker account and any of the above trading platforms supported.

Forex is clearly N1CM’s staple offering, with over 50 major, minor and exotic forex pairs available to trade. You’ll also receive access to the following trading instruments with an N1CM account:

• Global indices CFDs

You can trade the biggest global indices in CFD form, including the S&P 500, the Nasdaq, FTSE 100 and the EURO STOXX 50.

• Commodities CFDs

Use commodities CFDs as part of the diversification of your trading portfolio. Trade the price of US brent crude and WTI oil, as well as the price of wholesale natural gas.

• Equities CFDs

With compatible trading platforms like MT4 and MT5, you can buy and sell CFDs in equities, including the world’s most valuable companies like Apple, Amazon and Tesla.

• Cryptocurrencies CFDs

Start trading the volatility that exists within the cryptocurrency markets using crypto CFDs. You can trade Bitcoin and Ethereum, as well as the price of Bitcoin Cash, Ripple and Litecoin against the US dollar.

• Precious Metals CFDs

Aside from commodities like oil and gas, you can also speculate on the market price of gold and silver using precious metals CFDs. There’s also the possibility to trade the price of copper, platinum and even palladium.

N1CM Forex Trading Conditions

The N1CM broker states that you can secure up to 1:1000 leverage when trading the forex markets. When you’re using N1CM leverage, you’ll need a minimum of 0.1% margin funded into your account. This means you can deposit $1,000 and get access to positions worth $1 million.

It’s great to see that 1:1000 leverage is offered across all three N1CM client accounts, allowing you to benefit from greater market exposure with even the smallest deposits.

N1CM Forex Fees and Costs

The N1CM spreads vary depending on which trading account you open with them. There’s the beginner-level Cent account, the Standard account and the ECN account.

N1CM Broker Deposit and Withdrawal Methods

With N1CM, you can deposit and withdraw using the same methods. This is useful if you wish to make an N1CM withdrawal, knowing that you can use the same method as the one used for your initial deposit. There’s over 20 global and local payment methods supported, including:

• STICPAY

• Bitcoin

• Ethereum

• Litecoin

• USDC

• Bitcoin Cash

• BNB

• Dogecoin

• Ripple

• DASH

Minimum deposits are set at $10 for most payment methods, except for PaymentAsia, which requires a minimum deposit of $25 per transaction. However, the minimum withdrawal is $10 for all payment options, including PaymentAsia. Payment processing times are instant for deposits and withdrawals will take between three and five business days to clear.

N1CM Broker Customer Services

It’s practically impossible to fault N1CM’s customer support. From the moment you land on their website, you’ll see multiple visible prompts to contact their live chat team. They’ve also got responsive Telegram, WhatsApp and Skype accounts which is useful if you have active profiles with either of these services.

Aside from chatting to a live agent online, you can also email the N1CM helpdesk via info@n1cm.com. There’s also a manned telephone helpline operational Monday to Friday from 6am to 3pm GMT. The helpline has a +678 area code, which suggests the broker’s physical headquarters is located in Vanuatu.

N1CM Broker FAQs

Is N1CM Regulated?

This broker is regulated by the Vanuatu Financial Services Commission (VFSC), which has overseen the island's financial services since 1993.

Does N1CM Accept US Clients?

No, the N1CM official website states in its footer that it doesn’t accept new clients based in the United States of America, Europe or Turkey.

Is N1CM a Good Broker?

Looking at N1CM’s fully verified Trustpilot page, this broker has an ‘Excellent’ rating of 4.3 out of 5. This is backed by over 400 independent reviews too. In our opinion, it’s a site worth your consideration, especially if you like the idea of receiving up to $5 in cashback per lot when trading the EUR/USD forex pair.