N1CM Forex Broker

Overview of N1CM

　　N1CM, a trading name of Number One Capital Markets, is a forex and CFD brokerage founded in 2017 and registered in Vanuatu, claiming to offer a range of financial instruments such as Forex, CFDs on Indices, Commodities, Shares, Cryptocurrencies, and Precious Metals. It provides three account types: Cent, Standard, and ECN, along with a demo account for practice. With a maximum leverage of 1:1000 and spreads starting from 0.1 pips, N1CM operates on the popular MT4 and MT5 trading platforms. N1CM also has a low minimum deposit requirement of $1 and accepts various deposit and withdrawal methods, including Perfect Money, PaymentAsia, Sticpay, Coinbase, Fasapay, B2BinPAY, and cryptocurrencies. It's important to note that N1CM is not regulated.

　　Here is the home page of this brokers official site:

Is N1CM Legit or a Scam？

　　Regarding regulation, N1CM is regulated offshore by the Vanuatu Financial Services Commission (VFSC). It's important to note that online trading carries significant risks, and there is a possibility of losing all invested capital. It may not be suitable for all traders or investors.

Pros & Cons

　　N1CM is a forex broker that offers several advantages and disadvantages to consider. On the positive side, they provide a wide range of trading assets, allowing traders to access various markets and diversify their portfolios. The availability of demo accounts is another benefit, and it also offers a low minimum deposit requirement of just $1, making it accessible to traders with different budget levels. Furthermore, they support the widely used MetaTrader4 (MT4) platform, which is known for its user-friendly interface and comprehensive trading tools.

　　However, there are some drawbacks to consider. One notable disadvantage is the lack of popular funding options. This may inconvenience some traders who prefer more widely accepted payment methods. Additionally, while the low minimum deposit is advantageous for beginners or those with limited funds, it may also indicate a potential lack of financial stability or services typically associated with higher deposit requirements.

Market Instruments

　　The selection of trading products available for clients includes Forex, CFDs on Indices, Commodities, Shares, Cryptocurrencies, and Precious Metals.

　　N1CM offers a diverse range of trading products to its clients, including:

　　1. Forex: Clients can trade in the foreign exchange market, which involves buying and selling currency pairs. Forex trading allows participants to speculate on the fluctuations in exchange rates between different currencies.

　　2. CFDs on Indices: Contract for Difference (CFD) trading on indices enables clients to speculate on the performance of stock market indices, such as the S&P 500, Dow Jones Industrial Average, or FTSE 100.

　　3. Commodities: N1CM provides CFD trading on various commodities, including agricultural products (such as corn, wheat, and soybeans), energy commodities (such as crude oil and natural gas), and metals (such as gold, silver, and copper).

　　4. Shares: N1CM offers CFD trading on shares of publicly traded companies. Clients can speculate on the price movements of individual stocks without owning the shares themselves.

　　5. Cryptocurrencies: Trading in cryptocurrencies has gained significant popularity, and N1CM allows clients to trade CFDs on popular digital currencies such as Bitcoin, Ethereum, Litecoin, and more. This allows traders to take advantage of the volatility in the cryptocurrency market.

　　6. Precious Metals: Clients can also trade CFDs on precious metals like gold and silver. These metals are considered safe-haven assets and often serve as a store of value during uncertain economic times.

　　These trading products provide clients with a wide range of options to diversify their portfolios and take advantage of various market opportunities across different asset classes.