XM Forex Penguin
XM Forex Penguin

Number One Capital Markets

Home » Top Forex Brokers 2022 » Number One Capital Markets
Last Updated: Oct 14, 2021 @ 2:57 am

N1CM Featured Image 2021

A Quick Summary of Number One Capital Markets

If you are searching for a reliable overseas broker with tight spreads, Number One Capital Markets is worth a look. Often, the broker is simply called “N1CM.”

This site is owned by a company called Number One Capital Markets Limited, which was incorporated in April 2017.

We like this broker’s competitive spreads, fast and flexible withdrawals, and generous bonuses. Let’s take an in-depth look at its trading products and services.

🕵 Broker TypeECN, STP
📌 RegulatedVFSC (Vanuatu)
💰 Min Deposit$10
💹 EUR/USD Spread0.6 Pip
📈 Demo AccountYes
💱 Base CurrenciesUSD
📊 PlatformsMT4, MT5, Mobile, Web
💎 AssetsCommodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks
, Stock CFDs
📉 Hedging AllowedYes

Number One Capital Markets Broker Details

Broker Contacts

Email Icon
Phone Icon
(+44) 203-150-1310
Chat Support Icon
Chat Support
Live Chat Available Whatsapp Available Skype Available
Social Media Icon
Social Media
Facebook Twitter LinkedIn Instagram Youtube

Company Profile

Company Icon
Company Name
Number One Capital Markets Limited
Year Icon
Year Founded
Headquarter Icon
Port Vila, Efate, Vanuatu
Regulated Icon
VFSC (Vanuatu)
Country Icon
Countries Not Accepted
United States (US)
Broker Type Icon
Broker Type
Electronic Communication Network (ECN), Straight Through Processing (STP)

Trading Conditions

Demo Account: Yes
Minimum Deposit: $10
Minimum Withdrawal: $10
Maximum Leverage: 1:1000
Average Spread EUR/USD: 0.6 Pip
EA/Robotrading: Yes
Base Currency: USD
Hedging Allowed: Yes
Scalping Allowed: Yes
Negative Balance Protection: Yes
Swap Free/Islamic Account: Yes
Social Copy Trading: Yes
Trading Instrument Icon
Available Trading Instruments
Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Real Stocks, Stock CFDs
Payment Processor Icon
Available Payment Processors
AdvCash, Bank Cards, Bank Wire, BitCoin, Bitсoin Cash, Cryptocurrency, Dogecoin, Ethereum, FasaPay, Liteсoin, Mastercard, OKPAY, Perfect Money, Qiwi, SticPay, WeChat, WebMoney, ePayments
Trading Platform Icon
Available Trading Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Platform, Web Platform

License and Protection

The first thing you probably want to know about Number One Capital Markets is, “Are they regulated?”

The answer to that question is “yes.” In fact, Number One Capital Markets is licensed by the Vanuatu Financial Control (VFC).

The company writes, “N1CM is authorised to offer financial services across Europe, Far East, Asia and America. Committed to upholding strictest regulatory standards, we ensure total transparency and guarantee the privacy and security of your account with the most sophisticated safety protocols.”

You can view a copy of the license from the Vanuatu Financial Services Commission right here.

What should you know about this license? It is relatively quick and easy for brokers to apply for, and fairly loose. So, it is a favorite among offshore brokers.

That said, requirements have become a little bit stricter over recent years.

Safety of Client Funds

You will be pleased to know that this broker segregates client funds and company funds. A third party is in charge of client funds.

Support and Customer Service

Now that you know more about how this broker is regulated and protects customer funds, you are probably wondering what customer support is like at N1CM.

First of all, it is worth mentioning that the website itself is easy to navigate and provides a lot of details on the broker’s services. So, you can find many answers to your questions without even needing to chat with customer service.

But if you do need to contact someone directly, you can do so via phone, live chat, or a web form. Support is also available on two Whatsapp lines, +44 7452 180233 and +90 (530) 074 15 85.

One of the few complaints we have about this broker is that it seems impossible to reach an agent via live chat on the website.

We tried to do so multiple times on multiple days. The chat window said that someone was online and would be with us shortly, but nobody ever appeared.

We did try sending through an offline message with our question, however, and the broker replied to this within 24 hours.

So, support can be reached relatively quickly, just not consistently through every channel.

Trading Accounts & Conditions

N1CM offers the following account types:

Cent (CNT)

  • Minimum Deposit: $5
  • Max Deposit: $1,000
  • Variable Spread
  • No Commission
  • Leverage up to 1:1000**
  • Maximum Positions: 50
  • Minimum Volume: 0.01
  • 1 Lot = 1,000 Units
  • Max Volume: 5 Lots
  • Execution in More than 1 sec
  • Instant Execution
  • Pricing: 5 digit
  • %30 Stop Out
  • %100 Margin Call
  • 5 pip Stop & Limit Levels
  • Trading Instruments: Forex ( Majors, Minors)
  • Available Currency: USD
  • MetaTrader 4, Android Trader / iOSTrader

Standard (STD)

  • Minimum Deposit: $10
  • Max Deposit: No Limit
  • Variable/Fix Spread*
  • No Commission
  • Leverage up to 1:1000**
  • Maximum Positions: 100
  • Minimum Volume: 0.01
  • 1 Lot = 100,000 Units
  • Max Volume: 50 Lots
  • Execution in Less than 1 sec
  • Market/Instant Execution
  • Pricing: 5 digit
  • %30 Stop Out
  • %100 Margin Call
  • 0 pip Stop & Limit Levels
  • Trading Instruments: Forex – Metal – Indices – Energies – CFD
  • Available Currency: USD
  • MetaTrader 4, Android Trader / iOSTrader


  • Minimum Deposit: $10
  • Max Deposit: No Limit
  • Variable Spread
  • $5 Per lot
  • Leverage up to 1:1000**
  • Maximum Positions: 200
  • Minimum Volume: 0.01
  • 1 Lot = 100,000 Units
  • Max Volume: 50 Lots
  • Execution in Less than 0.5 sec
  • Market Execution
  • Pricing: 5 digit
  • %30 Stop Out
  • %100 Margin Call
  • 0 pip Stop & Limit Levels
  • Trading Instruments: Forex – Metal – Indices – Energies – CFD
  • Available Currency: USD
  • MetaTrader 4, Android Trader / iOSTrader

Since the minimum deposit for any account type is low, it is totally up to you how you want to trade.

For the most rapid execution, you will of course want to open an ECN account.

That being said, we are very pleased with the trade execution speeds for every type of account. Even scalpers should be happy here.

Note that if you want to open a swap-free Islamic account, that is also possible at Number One Capital Markets.

Both real accounts and demo accounts are available, so you can practice trading to your heart’s content before you make your first deposit.


To welcome new traders, Number One Capital Markets offers a 25% match bonus on your first deposit.

The company also sometimes offers gifts to traders opening their accounts and making their first deposits. For example, at one point recently, the broker was giving away iPhones.

Trading Platforms for Number One Capital Markets


Once you do make a deposit and choose what type of trading account you want to open, you will be able to trade. But what platforms are available?

This is an area where N1CM excels with a big selection of options. These include:

  • MetaTrader 5
  • iPhone and iPad Trader 5
  • Android Trader 5
  • Web Trader 5
  • MetaTrader 4
  • iPhone and iPad Trader 4
  • Android Trader 4
  • Web Trader 4

In short, you can use either MetaTrader 4 or MetaTrader 5, and you can do so on your desktop, laptop or mobile device. It is up to you whether you prefer to download either program or just use the instant web-based interface.

There is a good chance you already are familiar with MT4 or MT5, as you may have used them in the past.

But if not, you should know that these are two of the most popular trading platforms in the world.

They provide you with a full suite of tools and indicators. You can fully customize your charts for use with any trading method.

MT4 in particular boasts excellent ease-of-use. You have more of a learning curve with MT5, but should also find it easy to use once you learn how.

You can practice both robotrading and social copy trading while trading with Number One Capital Markets.

Offered Markets

Available Products N1CM

Through this broker, you can trade currencies, commodities, stocks and indices. N1CM does not make a full asset list available, but states that there are 52 currency pairs available to trade, including major and minor pairs. 12 stocks, 120 global indices, and a variety of commodities are offered as well.

Funding Methods

N1CM offers a huge variety of methods for your deposits and withdrawals, making it a breeze to move money in or out of your trading account.

These include:

  • Credit or debit card
  • Fasapay
  • UnionPay
  • Perfect Money
  • Bitcoin
  • Litecoin
  • Ethereum
  • Bitcoin Cash
  • Dogecoin
  • WebMoney
  • epayments association
  • Wire transfer
  • QIWI
  • Prepaid card
  • OK PAY

The vast majority of these methods allow for instant deposits. For most methods, withdrawals are processed in 1-2 hours.

The broker is true to its word with respect to withdrawal speeds, in our experience. They are fast and reliable.

While you need to make a deposit of at least $5 to open an account, you can make smaller deposits if you wish later. With quite a few payment methods, you can deposit as little as $1.

A maximum deposit of $10,000 is listed for credit or debit card, or $35,000 for UnionPay. With OK PAY, you can go as high as $50,000.

For withdrawals, minimum and maximum amounts also depend upon the method you choose. The minimum for credit card is $20, and the maximum is $2,000. Many methods allow you to withdraw as little as $1, however. And some methods allow you to make very large maximum withdrawals as well (like $50,000 for OK PAY).

There are no fees to deposit via most methods, though you may have to pay a bank fee for a wire transfer, or a 1% fee for OK PAY.

Quite a few withdrawal methods are fee-free (i.e. cryptocurrencies). But there are fees for some other methods.

As an example, the fee to make a withdrawal using a credit card is 2.5% plus $7.5 US Dollars. The withdrawal fee for OK PAY is 2%. For a wire transfer, it is $50 EUR.

So, be sure and look up the method you want to use for deposits and withdrawals so you know the fees, processing times, and minimums and maximums.

Final Overview of Number One Capital Markets

As a regulated overseas broker, Number One Capital Markets has built a reputation over recent years as a reliable, affordable broker.

Rapid executions and low commissions and spreads make it well worth considering regardless of your trading method and account size.

Ready to begin trading on Number One Capital Markets? Click “Visit Number One Capital Markets” at the top of this page to open your account now.

Frequently Asked Questions About N1CM

✅ How long does it take to open an account?

It will take as little as 5 minutes.

✅ How long can I trade using a demo account?

N1CM is one of the few Forex brokers that does not impose strict expiration periods on demo accounts. Also, customers who deplete their demo account of funds entirely will always have the option of opening another demo account immediately after, 100% restriction-free. However, if a demo account hasn’t been active for three months or more, it will be closed

✅ Do I pay commissions and fees while withdrawal/deposit?

N1CM does not charge extra commission besides those are charged by the payment providers.

Featured Brokers on Forex Penguin

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x