N1CM Review 2024

Regulations: VFSC (Vanuatu Financial Services Commission)

Instruments: 50+ Forex pairs, Commodities, Indices, Shares, Cryptocurrencies, Precious Metals

N1CM provides three types of trading accounts: Cent, Standard, and ECN, each designed to meet different trading needs. With low minimum deposit requirements and competitive spreads, N1CM offers options for both beginner and experienced traders. You can explore the account options further in our detailed N1CM account types review.

N1CM Cent Account

The Cent account is perfect for beginners or those who want to start trading with a small amount of capital. With a minimum deposit of just $1, this account type offers floating spreads starting at 0.9 pips and commission-free trading. It is ideal for traders who want to practice with real money but minimize risk.

N1CM ECN Account

For more experienced traders, the ECN account offers tighter spreads, starting from 0.5 pips, and direct access to liquidity providers. This account type has a minimum deposit of $10 and charges a commission of $2.5 per lot, making it suitable for high-volume traders seeking the best possible execution and spreads.

N1CM offers a variety of deposit methods and withdrawal options to make funding and accessing your account convenient. The broker supports multiple payment methods, including Visa, Mastercard, Perfect Money, Bitcoin, and other cryptocurrencies. The minimum deposit requirement for most methods is just $5, making N1CM highly accessible for traders with smaller budgets. Deposits are processed instantly, while withdrawals are typically processed within the same day.

N1CM Deposit Options and Fees

N1CM offers flexible deposit options, including credit/debit cards, e-wallets like Perfect Money, and cryptocurrencies such as Bitcoin and Ethereum. The minimum deposit requirement is only $5 for most methods, making it one of the most accessible brokers in the market. There are no deposit fees, which adds to the overall cost-efficiency of trading with N1CM. This allows traders to start with minimal capital and grow their investments gradually. For more detailed information, visit our minimum deposit section.

N1CM Withdrawal Options and Fees

Withdrawals from N1CM are processed through the same methods as deposits, including Perfect Money, Bitcoin, and other cryptocurrencies. Most withdrawal methods have a minimum limit of $2, although some options, like Bitcoin, require at least $5. N1CM processes withdrawals quickly, typically within two hours, and does not charge any withdrawal fees, making it convenient for traders to access their funds. Check out the withdrawals section for a detailed guide.

Fees

N1CM offers competitive trading fees across its various account types. With spreads starting as low as 0.1 pips on certain instruments, this broker provides a cost-effective trading experience. In addition, N1CM does not charge commissions on most account types, making it an attractive option for traders who prefer a transparent fee structure. For the ECN account, a small commission of $2.5 per lot is charged, which is standard in the industry. As for non-trading fees, N1CM does not impose any fees on deposits or withdrawals, making it easy to manage funds. Check out more about the fee structure in our detailed N1CM fees section.

N1CM Spreads

N1CM spreads vary depending on the account type. For the Cent account, spreads start from 0.9 pips, while for the Standard account, they begin at 0.8 pips. The ECN account offers even tighter spreads, starting at 0.5 pips. This flexibility allows traders to choose the account type that best suits their trading style and budget. For traders who value cost-efficiency, N1CM’s spreads are competitive within the industry, especially for forex pairs such as EUR/USD.

N1CM Trading Fees

N1CM offers commission-free trading on the Cent and Standard accounts, making it a great option for beginners and low-volume traders. The ECN account does come with a $2.5 commission per lot traded, but in exchange for tighter spreads. Overall, N1CM’s fee structure is transparent and competitive, with no hidden costs. The lack of deposit and withdrawal fees is another bonus for traders looking to keep their costs low.

N1CM Non-Trading Fees

One of the advantages of trading with N1CM is the absence of non-trading fees. There are no charges for deposits, withdrawals, or account maintenance. However, traders should be aware of the swap fees that apply to overnight positions. These fees vary based on the instrument and whether the position is long or short, with details available on the broker’s website. Learn more about N1CM's fees in our N1CM fees section.

N1CM offers a first deposit bonus of 35% and a redeposit bonus of 25%, with a maximum bonus amount of $5,000. However, traders should carefully review the terms and conditions associated with these bonuses before accepting them, as they often come with strict requirements.

N1CM offers a range of educational resources to help traders improve their skills. These include eBooks, market analysis, and a free economic calendar. The broker’s educational content is designed to help both beginners and experienced traders enhance their trading strategies and stay informed about market trends.

N1CM provides its services to traders from a wide range of countries around the world. The broker welcomes clients from various regions, including Europe, Asia, Africa, the Middle East, and Latin America. Some of the key countries where N1CM operates include Germany, the United Kingdom, Australia, South Africa, India, Singapore, Malaysia, Nigeria, and Brazil.

However, it is important to note that there are some restrictions in place, and N1CM may not be able to offer its services in jurisdictions where strict regulatory requirements apply or where local laws prohibit such activities. Prospective traders are encouraged to check with the broker’s customer support to confirm whether N1CM is available in their country of residence.