N1CM Review (Number One Capital Markets) 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- VFSC
- 2012
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- VFSC
- 2012
Our Evaluation of NumberOne Capital Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
NumberOne Capital Markets is a broker with higher-than-average risk and the TU Overall Score of 4.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by NumberOne Capital Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
NumberOne Capital Markets offers standard trading conditions, but upon closer examination, this broker has clear advantages and a few drawbacks. The key advantages are a wide range of assets, narrow spreads, and no or below-average commissions. There are no fees for fund withdrawals. However, clients of this broker cannot earn passively, and technical support does not operate at night or on weekends. There are also concerns regarding deposit/withdrawal channels.
Brief Look at NumberOne Capital Markets
Clients of this brokerage company can trade currency pairs and CFDs on indices, stocks, metals, commodities, and cryptocurrencies. Three real accounts differ in minimum deposit, trading conditions, and bonuses. The minimum deposit on the Cent account is $1. Spreads start from 0.5 pips. The maximum leverage is 1:1000. Other elements are standard for most brokers such as a minimum trade size of 0.01 lots, stop-out at 40%, no restrictions on trading styles and methods, and the use of advisors. The broker supports both MT4 and MT5 trading platforms. More than half of the deposit and withdrawal options are cryptocurrency wallets. The analytics are of good quality, and besides an economic calendar, there is Autochartist. The educational materials are basic and consist of a glossary and e-books. There are no options for passive income.
- This broke has an extremely low entry barrier, with a minimum deposit of $1.
- A wide variety of assets expands the trader's possibilities and reduces trading risks.
- High leverage increases profit potential.
- This broker's offered analytical tools are useful and assist in making forecasts.
- This company is licensed and regulated by the Vanuatu Financial Services Commission (VFSC, 15035).
- Two promotions are continuously available, which are a bonus on the first deposit and a bonus on the subsequent deposit.
- Clients can work with any version of the MT trading platforms.
- This broker's client support is generally highly rated by users, but there is no call center as a communication channel, and managers are only available from 6:00 to 15:00 GMT on weekdays.
- This company focuses on active trading, so its clients do not have alternative earning opportunities. There are no PAMM accounts, copy trading, or referral programs (only IB).
- The platform offers several dozen deposit and withdrawal options, but most of them are cryptocurrency wallets. It is not possible to withdraw funds to a bank account, Mastercard, or Visa card.
TU Expert Advice
Financial expert and analyst at Traders Union
This broker has been operating since 2017. According to its statement, it currently has over 4 million clients, but Traders Union couldn't verify this information. Registration and regulation have been confirmed, this broker is based in Vanuatu. TU hasn’t found any confirmed instances of this broker failing to fulfill its obligations to clients.
The core trading conditions are standard for the market. Traders work through the most popular MT4 and MT5 trading platforms, including their mobile versions. This broker doesn't impose any restrictions on trading conditions. This company’s clients can enter trades from 0.01 standard lot, use trading leverage up to 1:1000, and there is negative balance protection. One standout feature is the minimum deposit, which is only $1 or $5, depending on the chosen account. This is one of the lowest indicators in the segment. Spreads start from 0.5 pips, although they often range up to 1.3 pips, which is typical. In addition to the free Demo account, there is a Cent account. On the Cent and Standard accounts, there is no commission for trading, while on the ECN account, it amounts to $2.5 per lot. This condition is 2-3 times lower than the market average.
NumberOne Capital Markets offers many options for depositing and withdrawing funds, and withdrawal is not subject to a commission, which reduces the trader's trading costs. However, this company’s clients cannot use bank accounts and cards for withdrawal, only a limited range of available systems, plus cryptocurrency wallets. This is a rather atypical approach that can definitely deter many users. Another drawback is the lack of passive earning options.
Some reviews mention the limited working hours of the client service as a downside. There are no complaints about the quality of client support, but it is indeed unavailable during the night and on weekends, whereas many brokers have managers working 24/5 or even 24/7. Considering all these factors, the platform has some rough edges, but it appears reliable, and many aspects of its operation are appealing.
- You want access to a diverse range of assets for trading. This broker offers a wide variety of trading instruments, providing ample options for your investment strategies.
- You prefer narrow spreads and no or below-average commissions. This broker offers favorable pricing, potentially minimizing your trading costs.
- You are looking for a broker that allows you to earn passively. This broker may not offer specific features or programs for passive income generation.
- You require technical support that operates at night or on weekends. If your trading activities extend beyond regular business hours, the availability of support may be a concern with this broker.
- You are concerned about deposit/withdrawal channels. If the available payment methods or withdrawal processes are not aligned with your preferences, it might be a drawback for your trading experience.
NumberOne Capital Markets Summary
Your capital is at risk. Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice.
| 💻 Trading platform: | MT4, МТ5 |
|---|---|
| 📊 Accounts: | Demo, Cent, Standard, and ECN |
| 💰 Account currency: | USD, EUR, crypto |
| 💵 Replenishment / Withdrawal: | Perfect Money, FasaPay, SticPay, PaymentAsia, cryptocurrency wallets Bitcoin, Ethereum, Tether, BNB, and others |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.5 pips |
| 🔧 Instruments: | Currency pairs, CFD on indices, stocks, metals, and commodities; plus cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100%/40% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | There are Demo and Cent accounts, as well as Standard and ECN, a lot of currency pairs and CFDs; Reasonable trading fees, two trading platforms to choose from, low entry threshold, quality analytics, and mediocre training |
| 🎁 Contests and bonuses: | Yes (bonuses on first deposit, bonuses on second deposit, rebates from TU) |
When a company offers multiple account types to choose from, the minimum deposit for each account type usually varies. This is exactly the case with NumberOne Capital Markets. If you open a Cent account, you need to deposit at least $1. For a Standard account, a minimum of $5 is required, and the same applies to an ECN account. Many consider the Cent account as an alternative to a Demo account, using it to familiarize themselves with the platform and refine their strategies. The difference between the accounts, besides the minimum deposit, lies in the spreads and commissions. As for the maximum leverage, it is the same for all accounts and amounts to 1:1000. This company's client support receives high ratings in terms of quality but low ratings in terms of availability. It is only accessible on weekdays. There are multiple communication channels, but there is no call center.
NumberOne Capital Markets Key Parameters Evaluation
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Trading Account Opening
To start cooperation with this company, it is necessary to register on its website and gain access to the user account. The next steps involve verification (confirming personal data), opening an account, making a deposit, and downloading the trading platform. TU experts have prepared the below step-by-step guide that describes all the registration stages and the capabilities of the NumberOne Capital Markets user account.
Go to this broker's website. In the upper right corner, select the language for the interface. Click the “Open Account” button.
Provide your first name, last name, email address, and phone number. Agree to the terms of interaction by checking the box. Click “Join Now”.
You will receive an email with a confirmation link for your email address. Click on the link.
You will receive another email containing your registration details, a login link, and some account opening information. Click the link and enter the login and password from the email.
Go to the “Account Information” menu. Enter your date of birth, place of birth, country, and residential address with the postal code, and taxpayer identification number. Answer several tax-related questions. Click “Save Changes”.
Go to the “Products” menu. Choose the “Accounts” section, then “Real Accounts”. Click “Create Account” and follow the on-screen instructions. You will need to provide additional personal information, answer a series of questions, and submit scans/photos of documents confirming your identity. Once this broker verifies your documents, a real account will be opened. Verification is not required for opening a demo account.
Return to the “Products” menu. Select the “Deposit” section. Choose a deposit method and follow the on-screen instructions.
Go to the ‘Platforms” menu. Choose either the MT4 or MT5 trading platform. Then select the version (mobile or desktop) and download the distribution. After installing the trading platform, launch it, enter your registration details, and start trading.
Your NumberOne Capital Markets user account also provides access to:
Traders can track the status of all their accounts, close existing accounts, and open new ones.
The “Profile” menu is used for entering/updating personal data and verification.
Users can deposit and withdraw funds, as well as perform internal transfers.
Transaction archives are available, indicating their status, along with a consolidated account archive.
Distribution packages for MT4 and MT5 trading platforms are provided.
Profile settings include password change and two-factor authentication setup.
There is a direct chat with this broker's technical support.
To access analytical tools, traders need to visit this company's website.
Regulation and Safety
Guarantees of a brokerage company’s reliability can only be provided by registration and regulation. Registration indicates that this broker operates legally and is not a fraudster. Regulation confirms that it fulfills its obligations to clients. Additionally, in case of a dispute, users can turn to the regulatory authority. Number One Capital Markets Ltd, the owner of NumberOne Capital Markets broker, has been based in Vanuatu since its inception and is regulated there. The license number from the Vanuatu Financial Services Commission (VFSC) is 15035. It is confirmed and can be independently verified on the organization's website. This means that this broker's clients have a proper level of guarantee of the platform's official status and transparency.
Where can you go for help?
- To the client support of Number One Capital Markets Ltd
- To the VFSC (Vanuatu Financial Services Commission) regulator
- Contact Traders Union’s legal department for a free consultation and representation. It protects its members’ rights without charge.
There is no point in contacting
- Financial control authorities outside of Vanuatu
- Regulatory organizations that do not monitor the activities of NumberOne Capital Markets broker
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Cent | Spread from 9$, without commission | No |
| Standard | Spread from 8$, without commission | No |
| ECN | Spread from 5$, with a commission of $2.5 per lot | No |
Pay attention to the third column in this table. NumberOne Capital Markets does not charge any fees for fund withdrawals. It doesn't matter what amount the client is withdrawing, which channel they are using, or how many withdrawals they make in a month, they won't incur any additional costs. Undoubtedly, this approach makes working with the platform even more convenient. However, most traders aim not only to receive “bare numbers” but also to compare the indicators of different companies. It is through this comparison that one can determine which option is more advantageous. That is why TU experts have prepared the below table which includes trading fee data for NumberOne Capital Markets and its two closest competitors. The information is up-to-date and regularly updated.
| Broker | Average commission | Level |
|---|---|---|
|
$7.33 | |
|
$1 | |
|
$8.5 |
Account Types
In most cases, when a platform offers multiple accounts with different conditions, the choice of the account is conceptually significant. For NumberOne Capital Markets, questions are resolved quite easily. For example, the Cent account is designed more for exploring this broker's capabilities and testing strategies with a minimal budget. The minimum deposit on this account is only $1. Naturally, by opening it, you won't be able to earn a significant amount. The Standard and ECN accounts are intended for regular trading. The first one has a higher spread but no commission, while the second one has a commission with a lower spread. The minimum deposit in both cases is $5, so the trader's capital does not play a significant role here. Besides the account, it is important to choose a trading platform. If the trader has never worked with MT platforms before, it is recommended to try both MT4 and MT5. They are similar in many ways functionally, but there are critical differences between them.
Account types:
As a rule, a trader starts by opening a Cent account where $1 is enough to trade for some time and explore the platform. The Cent account is also excellent for refining trading strategies without real financial risks. That is why many brokers offer Cent accounts. The trader opens a Standard or ECN account after the Cent account if they are ready to seriously work with the platform. The choice between these two accounts is based on personal preferences.
Deposit and Withdrawal
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Traders deposit funds in U.S. dollars, EUR, or many cryptocurrencies.
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Deposits are not subject to any commission. Traders can trade on one or multiple accounts and can withdraw their profits at any time.
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Available withdrawal methods include Perfect Money, FasaPay, SticPay, and PaymentAsia, as well as cryptocurrency wallets like Bitcoin, Ethereum, etc.
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The complete list of withdrawal channels can be viewed using the provided link.
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This broker does not charge any commission for fund withdrawals, regardless of the withdrawal channel or amount. However, third parties may impose fees.
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Each withdrawal channel has a minimum withdrawal threshold. For most cryptocurrencies, it ranges from $2 to $10.
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The processing time for withdrawal requests is typically 1-2 hours.
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Traders can submit multiple withdrawal requests per month.
Investment Programs, Available Markets and Products of the Broker
Brokerage companies primarily focus on active trading because most clients come to them specifically for that purpose. However, cryptocurrency staking, dividend stocks, joint accounts, or copy trading services will always be an advantage as they provide additional earning opportunities. However, NumberOne Capital Markets does not offer any of these services. This company directs all its resources toward the development and improvement of its core functions, which many traders see as an undeniable advantage. The only collaboration type offered by the platform is aimed at trading business representatives and is not intended for individuals.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
IB program
An Introducing Broker (IB) program allows a legal entity to use this company's trading infrastructure. NumberOne Capital Markets offers several available tariff plans, a variety of specialized promotional materials, and well-established mechanisms for client acquisition. The partner simply needs to register and discuss collaboration aspects with technical specialists. They can receive payouts for referring traders through various methods. Additionally, this broker's partner trades on more favorable conditions that are not available under normal circumstances. Unfortunately, the exact information cannot be obtained in advance. To gain access to the client portal, one must fill out a specific form on this broker's website. All partnership-related inquiries are clarified through email at partner@n1cm.com.
Customer Support
Technical support is critically important for any broker because traders constantly encounter disputed situations, regardless of their level of experience. In such cases, they turn to client support, and if they receive prompt and high-quality assistance, they remain satisfied. However, if the support takes a long time to respond or is unable to help, traders may become disappointed and even switch to a competitor. Therefore, all platforms are interested in providing quality client service. NumberOne Capital Markets excels in this regard, but there are some nuisances. The technical support operates only on weekdays and within specific hours, from 6:00 to 15:00 GMT. This broker does not have a call center; instead, they offer email support and messenger services. Additionally, users can create a support ticket on the website.
Advantages
- It is possible to contact technical support even if you are not a broker’s client.
- During working hours, specialists respond promptly.
- There are several different communication channels.
Disadvantages
- Managers are unavailable during the second half of the day, at night, and on weekends.
- Absence of a call center.
Whether you are already a client of this company or planning to become one, feel free to contact technical support for trade-related questions. It exists to provide you with the most comfortable working conditions and address many concerns. You can use the following communication channels:
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Email.
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Live chat on the website.
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Skype and WhatsApp.
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Support ticket in the corresponding section.
For more information about contacting technical support, you can visit this broker's website. Live chat and messengers are available on all pages, as well as in the user account. This company also has official profiles on Facebook, Twitter, Instagram, and LinkedIn, where you can seek assistance. It is recommended to follow at least one profile to stay updated on the latest news from NumberOne Capital Markets.
Contacts
| Foundation date | 2012 |
|---|---|
| Registration address | POT 615/304 Rock Terrace Building, Kumul Highway, Port Vila, Vanuatu |
| Regulation |
VFSC
Licence number: 15035 |
| Official site | https://www.n1cm.com/ |
| Contacts |
(+44) 203-150-1310
|
Education
Every trader understands the importance of theoretical preparation. This can include e-books, expert webinars, or other sources of information. It is important to keep up with the market, study the latest trading methods, and learn from the life hacks of more experienced colleagues. Some brokers strive to help traders by providing educational materials. Such materials are needed because often users come to brokerage platforms with minimal or no experience. However, in reality, this broker is not obligated to teach anyone anything. Its task is to provide comfortable trading conditions that correspond to what is stated. The NumberOne Capital Markets website does not offer in-depth education, and this broker's experts do not conduct regular webinars. However, the portal provides useful e-books and a trader's glossary.
As with most brokerage companies, NumberOne Capital Markets follows the following situation: the majority of educational materials are designed for beginners. In other words, experienced market participants are unlikely to find anything useful here, although some of the offered e-books are universal in this regard.
Comparison of NumberOne Capital Markets with other Brokers
| NumberOne Capital Markets | RoboForex | Pocket Option | Exness | Vantage Markets | Libertex | |
| Trading platform |
MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, WebTrader, Mobile Apps | Libertex, MT5, MT4 |
| Min deposit | $1 | $10 | $5 | $10 | $50 | 100 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 for retail clients |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.1 points |
| Level of margin call / stop out |
100% / 30% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 50% / 50% |
| Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | Yes | Yes | No | No | No | No |
Detailed review of NumberOne Capital Markets
This company has been operating in the trading industry for over 6 years. It has never undergone rebranding and has not changed its collaboration terms conceptually. From an outsider's perspective, the only significant change in recent years has been the expansion of the asset pool. NumberOne Capital Markets cannot be accused of stagnation. In fact, this broker has grown significantly in technical terms. It has achieved instant order execution and partnered with leading first-tier liquidity providers. There have been no system failures or bugs reported in the last 2 years, and NumberOne Capital Markets employs modern cryptographic solutions. As a result, this broker's clients can expect favorable trading conditions without any external disruptions.
NumberOne Capital Markets by the numbers:
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This brokerage company has operated 6 years on the market.
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The minimum deposit for a Cent account is $1.
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Spreads start from 0.5 pips.
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The maximum leverage is up to 1:1000.
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There are zero commissions for deposits and withdrawals.
NumberOne Capital Markets is a broker with clear and comfortable conditions
Today, many companies offer four or five accounts or even more, each with its own conditions, which can be confusing. With NumberOne Capital Markets, everything is straightforward and understandable. Regardless of the chosen account type, traders have access to hundreds of assets from this broker's main pool, including currency pairs, CFDs on indices, stocks, metals, and commodities, and cryptocurrencies. This variety is more than sufficient for risk diversification and allows traders to explore different trading styles and methods. While there are no options for passive income, this broker focuses on improving its core mechanisms. It adheres to advanced standards and provides all essential analytical tools.
NumberOne Capital Markets’ analytical services:
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Economic calendar. It provides a registry of significant events in the political and economic spheres. It displays the event itself, the affected asset, how the asset's position changed in the past year due to specified events, and their anticipated current impact.
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Autochartist. This powerful fundamental analysis tool is available to many brokers. It analyzes markets based on specified conditions and monitors news summaries to provide accurate entry-point forecasts.
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MT plugins. This is not so much a service provided by this broker itself as a unique feature of the trading platforms it uses. Traders can customize MetaTrader versions 4 and 5 according to their preferences by choosing from hundreds of genuinely useful plugins.
Advantages:
The platform is highly accommodating to new clients, with a minimum deposit of only $1 or $5, depending on the chosen account. There are two deposit bonuses, and there is no need to overthink the optimal account type.
Traders benefit from a wide range of assets from different groups, significant leverage (up to 1:1000), and no restrictions imposed by this brokerage company.
NumberOne Capital Markets offers an excellent business opportunity through its IB partnership program, which provides advantageous conditions.
This company has been present in the global market for six years and is officially registered and regulated in Vanuatu, eliminating any suspicions of foul play. In case of any issues, there is always the option to approach the regulator.
Clients have no complaints regarding the quality of technical support and consultations. Specialists are available through all major communication channels.
User Satisfaction