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

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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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85 reviews in the last 12 months

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Rated 5 out of 5 stars

Good Company but there are areas of improvement

I had a good experience with N1CM, but I believe there are areas where they can improve. Let me share both the positive aspects and the areas of improvement I observed during my time with them.

Pros:

1.Quick Account Deposit: One of the notable advantagesI can commend N1CM is the speedy account deposit process with cryptocurrencies, taking only 5-10 minutes.
2. Easy Account Setup: Setting up an account with N1CM is a breeze, making it convenient for new users.
3) Hedging Permitted: N1CM's policy of allowing hedging gives traders greater flexibility in managing their positions.

Areas of Improvement:

1) Slow Withdrawals: One area where N1CM can enhance its services is in improving the speed of withdrawals, which seem to take longer regardless of the method used.
2) Chat Support Availability: N1CM's chat support is not available 24/7, and there were instances when they were offline when urgent queries needed immediate attention. Timely support is essential, especially when it comes to withdrawal-related issues.
3) Leverage Change Process: Requesting a leverage change through chat support, followed by a potential 30-minute wait, could be streamlined by allowing me to do it directly from my dashboard for a smoother user experience.
4) Withdrawal Speeds: While N1CM emphasizes quick deposits on its website, it would be beneficial to transparently mention the expected processing times for withdrawals, especially for crypto deposits and withdrawals. My withdrawal always arrive in different time spans

Overall, my experience with N1CM had some positives, such as quick deposits and account setup, as well as the option for hedging. However, the slow withdrawals are areas of concern for me, prompting me to explore other brokers for better experiences. I hope N1CM takes these points into consideration and improves its services to provide a more satisfying trading experience for its users.

November 17, 2023
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs.
-N1CM processes withdrawal during the office hours 06:00 a.m. to 03:00 p.m. GMT +0 London Estimated time Mon-Fri.
-Our support line is online 24/5. We are working on a 24/7 option in order to precise our support line!
-Our IT department updates the Dashboard to address your needs.

Rated 5 out of 5 stars

ECN spread plus commission

I primarily use the ECN account for trading GBPUSD and EURUSD due to its relatively tighter spreads. For EURUSD, the ECN account has a minimal spread of 0.5 (min) and 0.6 (avg) pips, while GBPUSD has spreads of 0.7 (min) and 0.9 (avg) pips. The only drawback is the additional slight spread plus commission structure, which could be improved by eliminating one of them.

I would say for their ECN account they are better off giving me raw spreads and taking a slightly higher commissions.

November 16, 2023
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs. Our ECN account will have a proper update any time soon. Stay tuned for the upcoming changes!

Rated 5 out of 5 stars

Gold Swaps

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 favorable swaps on XAUUSD compared to many other pairs. With a 2.50-point positive swap on the long side and only - 7.00 points on the short side, it's become one of my cost-effective choices for trading gold.

November 14, 2023
Unprompted review
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs.

Rated 5 out of 5 stars

Good for short term trading

I would like to believe, that N1CM appears more suited for day traders due to significant swap rate impactsFor example, recently held a long EURAUD positionwith my take profit triggering just after rolloverShockingly, incurred a -9.16 point swap, nearly wiping my gainsTo avoid this, it's advisable to close positions before the US session ends to mitigate such swap-related setbacks

November 1, 2023
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs. Swap rates are being updated on a monthly basis considering your needs. Your feedback will be forwarded to the related departments.

Rated 5 out of 5 stars

Why I confidently stay

I am confident in my decision to continue trading with N1CM for several compelling reasons. This broker has consistently proven to be a reliable and competitive option in the forex market, making my trading experience smoother and more profitable.

The following are three key factors that solidify my commitment to N1CM:
- Competitve Spreads
- Genourous Leverage (1 :1000 phew)
- reasonable commision structure

I have decided to continue trading with them. Their reliability and customer-centric approach have earned my trust, making N1CM my preferred choice in the forex market.

October 27, 2023
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs. As N1CM, we are working deliberately to precise our services.

Rated 5 out of 5 stars

Not Suitable to Swinging

As a swing trader, I find that N1CM's swap fees are not suitable for my trading style. The absence of a swap-free option means I would incur fees on certain positions, which can impact my overall trading strategy. Here are the swap fees for different currency pairs:

-USDCHF: Short Position: -4.00, Long Position: 0.90
-GBPUSD: Short Position: -1.80, Long Position: -6.00
-EURUSD: Short Position: 0.00, Long Position: -7.00
-USDJPY: Short Position: -5.50, Long Position: -2.00

These fees can add up over time and might not align with the holding periods I typically employ as a swing trader.

October 26, 2023
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs.

Rated 5 out of 5 stars

Acceptable

I would say they are an acceptable alll round broker. Spreads are competitive and support is available on skype plus on live chat. I do think they need to implement social trading or copy trading it would be a good additive to the platform.

October 25, 2023
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Reply from Number One Capital Market

Thank you for your valuable feedback. We are continuously improving our services to meet your needs. Our Live Support is online 24/5 on Skype, WhatsApp, Telegram, and Live Chat on our website. Our related departments have been informed regarding your valuable feedback.

Rated 5 out of 5 stars

lacks some new trending features.

I decided to give N1CM a try based on their low trading costs and tight spreads, which seemed appealing. While they do offer some excellent features for traders, one downside is the lack of copy trading functionality, which i personally find disappointing.

October 23, 2023
Rated 5 out of 5 stars

I am much happier because my trading…

I am much happier because my trading cost are reduced since starting to trade with N1CM. I opted for their classic account which doesnt charge commisions. I only have to take on spread cost (0.8 pips) which I think is a fair deal because I am foregoing commision cost.

October 20, 2023
Rated 4 out of 5 stars

Impressed After Trying Various Brokers

After experimenting with several brokers, I eventually settled with N1CM based on a friend's recommendation.
Personally, I've engaged in trading positions involving oil and stocks including Exxon Mobil and i’ve also initiated a few withdrawals and found their exchange rates favorable.
I am more than willing to recommend N1CM to others.

October 12, 2023
Rated 5 out of 5 stars

Benefiting from N1CM's Strategy Tester

I quite like N1CM's strategy tester because it teaches me about trading in a clear way, whether it doing it myself or using automated methods.
For people, like me, who use computer programs to trade, This helps create strong trading plans and optimizations.

October 11, 2023
Rated 5 out of 5 stars

5 star but lacks Swap free account

I awarded them a well-deserved 5-star rating, and for good reason. The support I received from their team has been unparalleled and truly sets them apart from other brokers. Their friendly and accommodating approach makes them stand out in the industry. The only minor inconvenience i faced was related to swaps due to the unavailability of an Islamic account option.

October 4, 2023
Rated 5 out of 5 stars

a safe trading space

I've gone through several reviews about N1CM and figured I'd add my own objective take. Don't expect to make a fortune right off the bat – trading takes time. My advice: begin by testing the waters with a demo account. The platform works just fine, it gace me a taste of the real market vibe. Once I was comfortable, I switched to a live account and started trading with small lots.

I find N1CM reliable and dependable but they would do better with better educational resources and marketing. It was hard for me to find them.

September 26, 2023
Rated 5 out of 5 stars

Fair Pricing

I find the ECN at N1Capital Markets appealing for trading indices and commodities, thanks to their transparent 5-6 US$ per side per lot commissions. Additionally, the absence of commissions on cryptocurrency trading across all account types adds the broker's attractiveness. These fee structures simplify my trading decisions and provide a clear understanding of costs, contributing to a positive trading experience with N1CM.

September 21, 2023
Rated 5 out of 5 stars

my tenure without disruptions

Throughout my experience with N1CM, I've not faced any suddent outages, which is really important for traders like me who operate within a single day. However, I've noticed that their market analysis tools could be more helpful if they were updated more often

September 17, 2023
Rated 5 out of 5 stars

Spread concern

I really caught my eye how easy it was to get start on number 1 capital markets Cent account, but the 0.10 minimum lot size and 0.9 pips spread raise concern. The Standard and ACN account offer better practicallity, with their favorable spreads and transparent commisions. The ACN Accounts 4 USD commisions for Forex trades, while absent in others account types, is balanced by its tight spreads. AS for assetsassets, trading XAUUSD on the ECN Account makes sense with its similar spreads and clear commisions structure.

September 12, 2023
Rated 5 out of 5 stars

I will give it another chance but

I had some trouble with my deposits two times, but I know this can happen with any trading setup. One thing I think N1CM could make better is how you set points to stop or take profits on the standard account, i dont assume this is an issue on ECN accounts.

On Standard Account sometimes, the trading screen would suddenly stop working, and this messed up my decisions. Also, there were times when the connection to the trading server wasn't very steady, and this caused the prices on the screen to be wrong now and then, This made it harder to plan my trading moves

September 3, 2023
Rated 5 out of 5 stars

Competitive spreads

I found it to be a reput able brokerag that offers competitive spreads and margin requirement. However, AS a trader with religious belifies that prohibit engaging in swap transactions. I was disappointed to discover the abscense of a swap free option. I would recommend N1CM for non shariah traders

August 28, 2023
Rated 5 out of 5 stars

In good care

As a beginner i feel like i'm ini good Handa with N1CM The Broker gave me the free Autochartist tool. It has been valueable resource for me as it helps identify potential trading opportunities and provides valuable insights in to the market

August 24, 2023

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