Do not trust
20 out of 100 · 95% checked
It copies another firm's identity, and our investigation found it is likely a scam.
Capped at 20 · Clone firm or regulator warning
We checked N1CM on 2026-10-26 across its company record, client terms, trading offer and service, and could verify 95% of its record. The score was held at 20 because it copies another firm's identity. What would move the score: withdrawal rails, all-in eurusd cost, instrument breadth. Our published investigation found it is likely a scam, with 10.7 years of track record. Its client terms carry high risk, with 5 critical clauses. Trading EURUSD costs about 0.5 pips all-in, spread and commission together.
Score last calculated 2026/10/26
Wikilix independent safety report
N1CM (Number One Capital Markets) holds no financial licence in any country, and two national regulators have published cautions naming n1cm.com. Combined with a documented pattern of clients not get…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about N1CM: its history, the licences it holds, its trading conditions and its fees.
N1CM is the trading brand of Number One Capital Markets LTD., which its own terms of service describe as an International Business Company incorporated in Saint Lucia. The broker offers forex, metals, energies, indices, share and cryptocurrency CFDs on MetaTrader 5, across three live account tiers starting at 100 US dollars, with leverage advertised up to 1:1000. No financial regulator currently supervises the company.
N1CM has no financial licence on record that is in force. Licence 15035 from the Vanuatu Financial Services Commission is the only one the firm has claimed, and it is recorded as ceased: a check of the VFSC Financial Dealers Licensee List on 16 October 2026 found neither the company nor that licence number among the 65 firms it lists.
The legal notice in the company's is explicit about the present position: Number One Capital Markets LTD. is incorporated as an International Business Company under the laws of Saint Lucia and is not regulated, supervised or licensed by the Financial Services Regulatory Authority of Saint Lucia. The corporate registration itself is confirmed: company number 2026-00218 was found on the Saint Lucia Registry of International Business Companies on 16 October 2026, in the name of Number One Capital Markets LTD., at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. That is a company registration and not financial regulation: it shows that a company exists, and gives no authority any supervisory role over it.
No. The firm states in its own client terms that it is not regulated in the jurisdiction where it is incorporated, and no other authority supervises it. One consequence is worth spelling out: with no regulator behind the account there is no statutory compensation scheme and no external body able to order redress, while the complaints clause in the contract refers clients to a financial ombudsman in the jurisdiction of incorporation, which the same document says does not supervise the firm.
The broker's own disclosures do not support a finding that it is safe, and several of its terms shift risk onto the client. N1CM acts as principal and counterparty to client trades. It may remove the profit from any position closed within 150 seconds of opening, while losses are not adjusted in the same way. It may also suspend, restrict or terminate an account at any time, with or without notice, for any reason, closing open positions at prevailing prices.
The company says client money is held in segregated accounts with tier-one banks and that negative balance protection applies, but that protection is granted subject to applicable regulatory requirements, while a separate clause warns that a balance may go negative in fast or illiquid markets. Neither claim has an authority standing behind it. Reading the and the before funding an account is the practical step here.
Three live tiers run on MetaTrader 5, each with a 0.01 minimum lot, a 50 per cent margin call and a 20 per cent stop out:
The Raw Spread minimum is stated inconsistently by the broker: the accounts comparison and the tier's own page both give 1,000 US dollars, while the prints 10,000 US dollars for the same account. A free demo account with 100,000 US dollars of virtual funds is also offered.
Spreads are variable, marked up on Standard and passed through on the two ECN-style tiers. The broker's own typical-spread table shows EUR/USD at 0.5 pips on Standard and 0.4 pips on ECN, tighter than the headline figures printed on its tier cards. Commission is quoted per side on the account pages and per lot round turn on the spreads and commissions page, and the two agree only for ECN, where 3 US dollars per side matches the 6 US dollars round turn; the same page puts Raw Spread at 4 US dollars round turn, below ECN. Share CFDs carry commission on every tier, including 0.10 per cent on Standard, so the Standard card's flat statement of no commission does not extend to shares.
Funding is advertised as free of charge, with 0 per cent deposit commission and no fee shown against any method. The contract does not match the advertising: clause 5.3 of the terms of service reserves fees for deposits, withdrawals, currency conversion and account inactivity as set out in a fee schedule, and no fee schedule is published anywhere on the site. The broker's own FAQ then names a charge from that unpublished schedule, a processing fee that may apply where a withdrawal is requested with no trading activity on the account. Crypto withdrawals also bear the blockchain network fee.
Leverage is advertised up to 1:1000 and is reduced automatically as account equity grows. The published ladder runs 1:1000 up to 999 US dollars of equity, then 1:800 to 1,999, 1:500 to 9,999, 1:400 to 29,999, 1:300 to 49,999, 1:200 to 79,999 and 1:100 from 80,000 upwards, with the required margin rising from 0.1 to 1 per cent across those steps. A Raw Spread account funded at its own 1,000 dollar minimum opens in the 1:800 band, so the advertised maximum is out of reach on that tier.
MetaTrader 5 is the only platform N1CM offers. The broker publishes Windows and macOS desktop builds, a browser terminal and iOS and Android apps, with MQL5 Expert Advisors and Depth of Market enabled. MetaTrader 4 is not available.
Five funding channels are published: bank wire in US dollars, euros or pounds from 100 dollars; Visa and Mastercard from 50 dollars with a 50,000 dollar ceiling per transaction; the Skrill, Neteller and Perfect Money e-wallets from 50 dollars; Bitcoin, Ethereum and USDT on the TRC-20 and ERC-20 networks from 50 dollars equivalent; and a local bank transfer from 100 dollars equivalent for regions the site does not name. Litecoin remains tradable but is no longer accepted as a funding method.
Withdrawals are considerably slower than deposits on every route: about 3 to 5 business days for crypto and e-wallets, 5 to 7 for cards and 10 to 15 for either bank transfer, running from the point the request is processed, which the broker says happens within one business day. Clause 5.2 of the terms of service gives the end-to-end range as three to fifteen business days. Money must return to the source it came from, card withdrawals are limited to the amount deposited with any profit above that paid out by bank transfer or e-wallet, and identity verification has to be complete before a first withdrawal.
Support is staffed 24 hours a day, five days a week, Monday to Friday, in English, Arabic and Turkish, through live chat and email, with email answered within 24 hours. Addresses are split by subject: support@n1cm.com for account, trading and platform questions, compliance@n1cm.com for verification and compliance, and partners@n1cm.com for introducing brokers and partnerships. There is also a and an .
In its favour: a 100 US dollar entry point, raw pricing from 0.0 pips on the top tier, the full MetaTrader 5 build range, card, bank, e-wallet and crypto funding, and support in three languages five days a week.
Against it: no financial regulator and a ceased licence, a fee schedule the contract relies on but never publishes, profit that can be removed from trades shorter than 150 seconds, bank withdrawals quoted at up to 15 business days, leverage that falls as the balance grows, and several figures the broker states differently on different pages.
N1CM is a conventional MetaTrader 5 broker with an accessible entry price, and its account and funding pages are more detailed than many offshore firms publish. The counterweight is regulatory: the operating company is a Saint Lucia IBC that says it is not regulated where it is incorporated, and the Vanuatu licence it once claimed is no longer on that register. Before funding an account, look at what happens to the money. The contract reserves fees it does not quantify, allows profit to be taken back from short trades, and allows up to fifteen business days for a withdrawal to arrive.
8 full-page captures of N1CM's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for N1CM. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for N1CM. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
3 account types on record. Minimum deposit from USD 100. Leverage up to 1:1000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| StandardStandard | USD 100 | 1:1000 | None (0%); the spreads and commissions page adds 0.10% on shares CFDs |
| ECNECN | USD 500 | 1:1000 | $3 per lot per side, equal to the $6 per lot round turn on the spreads and commissions page; crypto $8, shares CFD 0.08% |
| Raw SpreadRaw Spread · ECN | USD 1,000 | 1:1000 | $5 per lot per side; the spreads and commissions page instead states $4 per lot round turn; crypto $6, shares CFD 0.05% |
Where N1CM says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Covered by a parent block
Territories a blocked country carries with it
9 ways to fund an account.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank Wire TransferWire TransferDeposit 1-3 business days; withdrawal 10-15 business days, which is the figure stored here as the longer of the two. The broker says it processes withdrawal requests within one business day of receipt (deposits and withdrawals page, Processing Times) and the quoted method times run from that point; clause 5.2 of the Terms of Service says withdrawals typically take three to fifteen business days to reach the client. Maximum deposit and maximum withdrawal are both given as Unlimited. Currencies USD, EUR, GBP. Deposit fee printed as Free and withdrawal fee as 'Free (bank fees may apply)', but clause 5.3 of the Terms of Service reserves fees for deposits, withdrawals, currency conversion and inactivity 'as set out in our fee schedule' and no fee schedule is published on the site, so both fees are recorded as not stated rather than zero. Withdrawals are returned to the original funding source and third-party payments are not accepted. Bank transfers are processed on business days only. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Up to 15 days |
Credit / Debit Card (Visa, Mastercard)Credit CardDeposit instant; withdrawal 5-7 business days, which is the figure stored here as the longer of the two. The FAQ instead gives card deposits as 'instant to 30 minutes'. Maximum deposit is $50,000 per transaction. Maximum withdrawal is printed as 'Up to deposit amount', so no figure is stored: profits above the sum deposited are paid out by bank transfer or e-wallet under the same-source rule. CONFLICT on the minimum withdrawal: this page says $50, while the FAQ says the card and e-wallet minimum is 'typically $10'. The $50 figure shown comes from the deposits and withdrawals page. Fees printed as Free, but clause 5.3 of the Terms of Service reserves deposit and withdrawal fees 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50Not recorded | Up to 7 days |
SkrillE-WalletThe broker publishes one combined E-Wallets entry for Skrill, Neteller and Perfect Money, so every figure here applies to that group as a whole, not to Skrill alone. Deposit instant (the FAQ says 'instant to 30 minutes'); withdrawal 3-5 business days, stored as the longer of the two. Maximum deposit $100,000 per day; maximum withdrawal $50,000 per day. Currencies USD, EUR. CONFLICT on the minimum withdrawal: this page says $50, the FAQ says the card and e-wallet minimum is 'typically $10'. Fees printed as Free, but clause 5.3 of the Terms of Service reserves them 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50USD 50,000 | Up to 5 days |
NetellerE-WalletThe broker publishes one combined E-Wallets entry for Skrill, Neteller and Perfect Money, so every figure here applies to that group as a whole, not to Neteller alone. Deposit instant (the FAQ says 'instant to 30 minutes'); withdrawal 3-5 business days, stored as the longer of the two. Maximum deposit $100,000 per day; maximum withdrawal $50,000 per day. Currencies USD, EUR. CONFLICT on the minimum withdrawal: this page says $50, the FAQ says the card and e-wallet minimum is 'typically $10'. Fees printed as Free, but clause 5.3 of the Terms of Service reserves them 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50USD 50,000 | Up to 5 days |
Perfect MoneyE-WalletThe broker publishes one combined E-Wallets entry for Skrill, Neteller and Perfect Money, so every figure here applies to that group as a whole, not to Perfect Money alone. Deposit instant (the FAQ says 'instant to 30 minutes'); withdrawal 3-5 business days, stored as the longer of the two. Maximum deposit $100,000 per day; maximum withdrawal $50,000 per day. Currencies USD, EUR. CONFLICT on the minimum withdrawal: this page says $50, the FAQ says the card and e-wallet minimum is 'typically $10'. Fees printed as Free, but clause 5.3 of the Terms of Service reserves them 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50USD 50,000 | Up to 5 days |
BitcoinCryptocurrencyThe broker publishes one combined Cryptocurrency entry for Bitcoin, Ethereum and USDT, so every figure here applies to that group as a whole. Deposit up to 30 minutes pending network confirmation, typically three confirmations for Bitcoin; the FAQ instead gives crypto deposits as '10 minutes to 1 hour'. Withdrawal 3-5 business days, stored as the longer of the two. Minimum deposit and withdrawal are both stated as $50 equivalent. Maximum deposit and withdrawal are both given as Unlimited. The deposit fee is printed as Free and the withdrawal fee as 'Network fee only', so the blockchain fee is borne by the client and the broker states no fee of its own; clause 5.3 of the Terms of Service nevertheless reserves deposit and withdrawal fees 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50Not recorded | Up to 5 days |
EthereumCryptocurrencyThe broker publishes one combined Cryptocurrency entry for Bitcoin, Ethereum and USDT, so every figure here applies to that group as a whole. Deposit up to 30 minutes pending network confirmation, typically twelve confirmations for Ethereum; the FAQ instead gives crypto deposits as '10 minutes to 1 hour'. Withdrawal 3-5 business days, stored as the longer of the two. Minimum deposit and withdrawal are both stated as $50 equivalent. Maximum deposit and withdrawal are both given as Unlimited. The deposit fee is printed as Free and the withdrawal fee as 'Network fee only', so the blockchain fee is borne by the client and the broker states no fee of its own; clause 5.3 of the Terms of Service nevertheless reserves deposit and withdrawal fees 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50Not recorded | Up to 5 days |
USDTCryptocurrencyThe broker publishes one combined Cryptocurrency entry for Bitcoin, Ethereum and USDT, so every figure here applies to that group as a whole. USDT is accepted on the TRC-20 and ERC-20 networks per the deposit table. Deposit up to 30 minutes pending network confirmation; the FAQ instead gives crypto deposits as '10 minutes to 1 hour'. Withdrawal 3-5 business days, stored as the longer of the two. Minimum deposit and withdrawal are both stated as $50 equivalent. Maximum deposit and withdrawal are both given as Unlimited. The deposit fee is printed as Free and the withdrawal fee as 'Network fee only', so the blockchain fee is borne by the client and the broker states no fee of its own; clause 5.3 of the Terms of Service nevertheless reserves deposit and withdrawal fees 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. | Not recorded | Not recorded | USD 50 | USD 50Not recorded | Up to 5 days |
Local Bank TransferBank TransferDeposit 1-2 business days; withdrawal 10-15 business days, which is the figure stored here as the longer of the two. Offered for 'select regions' only and the site does not name which. Minimum deposit and withdrawal are both stated as $100 equivalent in local currency. Maximum deposit and maximum withdrawal are both given as 'Varies by region', so no single figure applies. Fees printed as Free, but clause 5.3 of the Terms of Service reserves deposit and withdrawal fees 'as set out in our fee schedule' and no fee schedule is published, so both fees are recorded as not stated rather than zero. Bank transfers are processed on business days only. | Not recorded | Not recorded | USD 100 | USD 100Not recorded | Up to 15 days |
One trading platform on record: MetaTrader 5.
The broker's only trading platform. Builds published: Windows and macOS desktop, browser WebTrader, iOS and Android apps. 21 timeframes, 38 indicators, 6 order types, MQL5 Expert Advisors and Depth of Market. Live server NumberOneCapitalMarkets-Live.
6 domains on record. 5 active.
One legal entity behind the N1CM brand.
The operating company is Number One Capital Markets LTD.. Registered in Saint Lucia. Registration number 2026-00218.
3 other brokers on the record share what N1CM offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about N1CM
Identity verification has to be complete before a first withdrawal: a government ID and a proof of address dated within the previous three months, which the broker says it usually clears within 24 hours.
Money must also return to the source it came from, so card withdrawals are capped at the amount deposited and any profit above that is paid out by bank transfer or e-wallet. Third-party payments are not accepted and the payment name has to match the account name. Where an account was funded by several methods, the broker pays out to cards first, then e-wallets, then bank wire.
The broker says it does. Its states that client funds are held in segregated accounts at tier-1 banks, separate from the company's own funds.
That undertaking does not appear in the contract. The are stated to be the entire agreement between client and company, and they contain no segregation clause. With no financial regulator behind the account there is also no statutory compensation scheme covering client money.
Raw Spread adds free VPS hosting, a dedicated account manager and priority withdrawal processing, and prices from 0.0 pips rather than 1.2, in exchange for a 1,000 US dollar minimum rather than 100.
The middle ECN tier, from 500 US dollars, adds free VPS hosting and priority support but no account manager. Standard has neither. All three run on MetaTrader 5 with the same instrument range, a 0.01 minimum lot, a 50 per cent margin call and a 20 per cent stop out.
Yes, free of charge, with 100,000 US dollars of virtual funds that can be reset on request, leverage up to 1:1000 and the same MetaTrader 5 platform as a live account.
Its lifespan is stated two ways on the broker's own pages: the demo page says it stays open as long as you log in every 30 days, while the FAQ says it runs for 30 days and can be renewed on request. No documents are required to open one.
Its say N1CM does not offer services to residents of a list that includes the United States, Canada, the United Kingdom, Australia, Russia, Myanmar, North Korea, Sudan, Syria, Iran, Cuba and the United Arab Emirates.
The clause is open-ended, covering those countries "including but not limited to" any other jurisdiction where the services would breach local law, so confirm availability before applying.
Yes. Every position must stay open for at least 150 seconds, and N1CM reserves the right to remove the profit from any trade closed inside that window, while losses are not adjusted in the same way.
Scalping is otherwise allowed and Expert Advisors are permitted, but high-frequency trading, latency arbitrage and tick scalping are prohibited, and hedging on bonus margin is not allowed. The also let the company strip profits or bonuses it judges to come from abusive trading.
Forex, metals, energies, indices, share CFDs and cryptocurrencies, which the broker puts at more than 1,000 instruments in total, including around 60 currency pairs and 12 cryptocurrencies.
All three live account tiers get the same range on MetaTrader 5.
Three live tiers, all on MetaTrader 5: Standard from 100 US dollars with spreads from 1.2 pips and no commission on forex, metals, indices and energies; ECN from 500 dollars with spreads from 0.3 pips and 3 dollars per lot per side; and Raw Spread from 1,000 dollars with spreads from 0.0 pips and 5 dollars per lot per side.
Each has a 0.01 minimum lot, a 50 per cent margin call and a 20 per cent stop out. ECN adds free VPS hosting and priority support, and Raw Spread adds a dedicated account manager and priority withdrawal processing. Share CFDs carry commission on every tier, including 0.10 per cent on Standard.
N1CM advertises 0 per cent deposit commission and shows no fee against any funding method, but its contract reserves fees it never quantifies.
Clause 5.3 of the allows charges for deposits, withdrawals, currency conversion and account inactivity as set out in a fee schedule, and no fee schedule is published anywhere on the site. The broker's own FAQ names one charge from it, a processing fee that may apply to a withdrawal requested with no trading activity on the account. Crypto withdrawals also carry the blockchain network fee.
Between three and fifteen business days, depending on the route: about 3 to 5 for crypto and e-wallets, 5 to 7 for cards and 10 to 15 for either bank transfer.
Those times run from the point N1CM processes the request, which it says happens within one business day, and clause 5.2 of its gives the end-to-end range as three to fifteen business days. Money must go back to the source it came from, and card withdrawals are capped at the amount deposited, with any profit above that paid out by bank transfer or e-wallet.
N1CM is the trading brand of Number One Capital Markets LTD., an International Business Company incorporated in Saint Lucia under registration number 2026-00218.
That number was confirmed on the Saint Lucia Registry of International Business Companies on 16 October 2026, with a registered address of Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. The broker's contact page gives a separate Saint Lucia office at Office No. 22, Cap Drive, Cap Estate, Gros Islet. Its state the company is not regulated, supervised or licensed in Saint Lucia.
N1CM accepts bank wire, Visa and Mastercard, the Skrill, Neteller and Perfect Money e-wallets, Bitcoin, Ethereum and USDT, and a local bank transfer in regions it does not name.
Card and e-wallet deposits are credited instantly and crypto within about 30 minutes, while bank wires take 1 to 3 business days. The minimum deposit is 50 US dollars by card, e-wallet or crypto and 100 US dollars by either bank route. Litecoin is still tradable but is no longer accepted for funding.
Leverage runs up to 1:1000, but only on the smallest balances.
N1CM steps the cap down automatically as account equity grows: 1:1000 up to 999 US dollars, then 1:800 to 1,999, 1:500 to 9,999, 1:400 to 29,999, 1:300 to 49,999, 1:200 to 79,999 and 1:100 from 80,000 upwards, with the required margin rising at each step. A Raw Spread account funded at its own 1,000 dollar minimum therefore starts in the 1:800 band.
Live chat and email are the published routes, staffed 24 hours a day, five days a week, Monday to Friday, in English, Arabic and Turkish.
Email is split by subject: support@n1cm.com for account, trading and platform questions, compliance@n1cm.com for verification and compliance, and partners@n1cm.com for partnerships, with a reply promised within 24 hours. There is also a and an .
The minimum deposit is 100 US dollars, on the entry-level Standard account.
The other two live tiers ask for more: 500 US dollars for ECN and 1,000 US dollars for Raw Spread. The broker is inconsistent on that last figure, since its prints 10,000 US dollars for the Raw Spread account while its accounts pages give 1,000.
MetaTrader 5 is the only platform N1CM offers.
The broker publishes Windows and macOS desktop builds, a browser terminal and iOS and Android apps, with MQL5 Expert Advisors and Depth of Market enabled. MetaTrader 4 is not available.
No. No financial regulator currently supervises Number One Capital Markets LTD., and the company's own say it is not regulated, supervised or licensed in Saint Lucia, where it is incorporated.
Licence 15035 from the Vanuatu Financial Services Commission is the only one the firm has claimed, and it is recorded as ceased: a check of the VFSC Financial Dealers Licensee List on 16 October 2026 found neither the company nor that licence number among the 65 firms listed. Company number 2026-00218 was confirmed on the Saint Lucia Registry of International Business Companies on the same date, but a company registration is not financial regulation.
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