N1CM Review: Features, Pros, Cons, and More 2024!

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N1CM is a forex and CFD broker that provides online trading services globally. It is an offshore forex broker located in Kumul Highway, Port Vila, Vanuatu. The broker offers a wide range of trading instruments including Forex, stocks, oil, metals, commodities, and cryptocurrency CFDs. Being an unregulated forex broker enables N1CM to offer high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for N1CM due to its competitive trading condition, high leverage, and lower minimum deposit. 

In this content, we will analyze and review N1CM, exploring its features, pros, and cons. We will also answer the most common questions people ask about N1CM. By reading this review, you will gain a better understanding of whether N1CM is the right broker for your trading needs and preferences.

What is N1CM?

Founded in 2017, N1CM is an online forex and CFD broker. It is an unregulated forex broker that offers 200+  instruments including forex, indices, commodities, shares, cryptocurrencies, and precious metals. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of N1CM is as high as 1:1000.

N1CM at a Glance

N1CM at a Glance
  • Founded Year: 2017
  • Headquarters:Kumul Highway, Port Vila, Vanuatu
  • Minimum Deposit: $1
  • Maximum Leverage: 1:1000
  • Regulations: None (Unregulated Offshore Broker) 
  • Trading platform: MT4, MT5
  • Account Types: Cent, Standard, ECN
  • Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options: USD, EUR and Crypto currencies
  • US Traders: Accepted 

Key Features:

  • Trading Instruments: Forex, stocks, oil, metals, commodities, and cryptocurrency CFDs
  • Trading Platforms: Mt4
  • Minimum Deposit:  $1
  • Maximum Leverage: 1:1000
  • Trading fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.9 pips for the Cent account, no commission for the Standard account, and $2.5 for the ECN account.
  • Minimum Trade Size: 0.01 lot. 
  • Maximum Trade Size (Lot restriction per Ticket): 50 Lots 
  • Funding Currencies: USD/EUR
  • Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
  • Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
  • Trading Style Allowed: All including Scalping, hedging, News trading,  and EA Trading. 
  • PAMM/ MAM:  Available  
  • Stop Out Level (retail): 30%
  • Margin Call Level: 100% 
  • Negative balance Protection: Yes 
  • Investor Protection:  No investor protection is Available. 
  • Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
  • KYC Verification: Required 

N1CM Pros and Cons


  • No Minimum Deposit – Starting from $1
  • Allow Crypto CFD Trading 
  • Offers leverage as high as 1:1000
  • The maximum lot size is as high as 1000 lot 
  • Low Fees trading: Spreads starting from as low as 0.5 pips 
  • Offers MT4 and MT5  trading platforms (Desktop, Web, mobile version) 
  • Demo Accounts are Available 
  • PAMM/ MAM accounts are offered 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading, and News Trading 
  • N1CM Accepts Crypto Deposits


  • Unregulated Offshore Forex Broker 
  • Limited Number of tradable assets
  • No Passive Investment programme like PAMM, MAM

Our Ratings for N1CM:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

N1CM Ratings and Reviews from Trustpilot:

N1CM has earned a rating of 4.7 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

N1CM Ratings and Reviews from Forex Peace Army:

N1CM has achieved an average rating of 3.5 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Frequently Asked Questions

Is N1CM a Legit Broker?

N1CM is considered a good offshore forex broker and is registered in Highway, Port Vila, Vanuatu. The broker offers a variety of trading instruments, including Forex, stocks, oil, metals, commodities, and cryptocurrency CFDs. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with N1CM.

Is N1CM regulated?

No, N1CM is not a regulated broker. It is an unregulated offshore forex broker which offers restriction-free trading facilities. 

Does N1CM Offer CFD Trading?

Yes, N1CM offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. N1CM provides a variety of trading CFD instruments including Forex, stocks, oil, metals, commodities, and cryptocurrency CFDs.

Where is N1CM Located?

N1CM is located on Kumul Highway, Port Vila, Vanuatu. Kumul Highway, Port Vila, Vanuatu. is the home of many offshore forex brokers. 

Does N1CM require KYC Verification?

Yes, N1CM requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement

Does N1CM payout?

Yes, N1CM does payout to its clients. Traders can withdraw their funds from N1CM using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain before the funds will be available in your crypto wallet

Is N1CM an ECN broker?

No, N1CM is not an ECN forex broker. 

What is the minimum deposit for N1CM?

The minimum deposit for N1CM is $1. However, the required minimum deposit varies based on the account type. For example, the Cent account requires a minimum deposit of $1, the Standard account also requires $10, and the ECN account requires $10.


N1CM is an offshore forex and CFD broker that offers online trading services to traders and investors worldwide. The broker provides a wide range of trading instruments, including Forex, stocks, oil, metals, commodities, and cryptocurrency CFDs. The broker’s spreads start from as low as 0.5 pips. N1CM offers high leverage (as high as 1:1000 ) and a low minimum deposit (as low as $1). The restriction-free trading facilities, such as CFD trading, lower minimum deposit, and higher leverage, make N1CM a good choice for many traders.

However, the broker is not regulated by any regulatory authorities. Therefore, do your research and ensure you are comfortable with this. We only recommend brokers regulated by the relevant financial authorities.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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