📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Number One CM Account Types

Number One CM Account Types

 

 

Overall Rating

4.7/5

Rated #257 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Number One CM provides three different account types e.g., Cent Account, Standard Account, and ECN Pro Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about Number One CM account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Number One CM Overview

Number One CM (N1CM) is an established forex broker company with its headquarters in Port Vila, Efate, Vanuatu. The broker was founded in 2017 by a dedicated, veteran team of online financial professionals.

N1CM is a fully licensed and regulated global forex and CFD broker through the Vanuatu Financial Services Commission (VFSC). It complies with the rules and regulations of this regulating body and keeps client funds in separate accounts from its own.

It is authorized to offer financial services across Europe, Far East, Asia, and America. This does, however, not include clients from Cuba, Iran, North Korea, Sudan

Trading can be done in forex, commodities, stocks, and indices and the broker has dedicated account managers available 24 hours a day to provide expert, professional guidance in your language, whenever you need it.

The broker has extensive forex experience and offers innovative trading products combined with good customer service and support.

Number One CM offers traders the option of trading with the popular known MetaTrader4 platform. With MT4 you can trade at your home, office, or on the road via desktop, laptop, mobile, or tablet.

The broker is committed to uphold strict regulatory standards, ensure total transparency and guarantee the privacy and security of customers’ accounts with the most sophisticated safety protocols.

Although many brokers offer a variety of research tools to assist traders, N1CM only provides access to an economic calendar on its homepage. It does however state that clients have access to market updates as well as financial news updates and analysis.

The broker also states on its homepage that novice or professional traders can gain access to a resource center with valuable educational material such as a video and e-book library.

No links could be found on the website directing customers to this educational material.

 

Number One CM Account Types

Number One CM offers a choice between three live account types, namely Cent, Standard and ECN Pro accounts as well as a demo account. Traders will find that through these accounts, the broker offers competitive trading conditions along with comprehensive solutions and services.

Number One CM Account Features

The following is the features of the three live account types:

 

Cent Account (CNT)

  • Spread: Variable
  • Minimum deposit: $5
  • Maximum leverage: up to 1:1000
  • Maximum Positions: 50
  • Minimum Volume: 0.01
  • 1 Lot = 1,000 Units
  • Max Volume: 5 Lots
  • Pricing: 5 digit
  • %30 Stop Out
  • %100 Margin Call
  • 5 pip Stop & Limit Levels
  • Trading Instruments: Forex (Majors, Minors)

 

Standard Account (STD)

 

Spread: Variable/Fix

Minimum deposit: $10

Maximum leverage: up to 1:1000

Maximum Positions: No Limit

Minimum Volume: 0.01

1 Lot = 100,000 Units

Max Volume: 50 Lots

Pricing: 5 digit

%30 Stop Out

%100 Margin Call

0 pip Stop & Limit Levels

Trading Instruments: Forex, Metal, Indices, Energies, CFD

 

ECN Pro (ECN)

 

Spread: Variable

  • Minimum deposit: $10

 

Maximum leverage: up to 1:1000

$5 Per lot

Maximum Positions: No Limit

Minimum Volume: 0.01

1 Lot = 100,000 Units

Max Volume: 50 Lots

Pricing: 5 digit

%30 Stop Out

%100 Margin Call

0 pip Stop & Limit Levels

Trading Instruments: Forex, Metal, Indices, Energies, CFD

 

 

Number One CM Demo Account

Number One CM offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore Number One CM’s trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Number One CM’s demo account sign-up is fully digitalized and hassle-free. It is one of the few Forex brokers that allows demo accounts to be used for an indefinite period of time. However, if a demo account hasn’t been active for three months or more, it will be closed.

Customers can open a free demo account which is identical to the Standard account with $10 000 virtual currency. This can be used to try out what is on offer without the risk of losing any money.

In addition, customers who deplete their demo account of funds will always have the option of opening another demo account 100% restriction-free.

It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed their MetaTrader4 platform on either a desktop, iPhone, iPad, Android, or the web browser.

 

Overall Rating

4.7/5

Rated #257 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Number One CM Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Number One CM, unfortunately, does not offer the choice of an Islamic Account to Muslim traders who follow the Sharia law. Usually, traders should take note that there are certain features indicated on the Islamic account which differ vastly from the other live accounts such as minimum deposit, spreads, and more.

 

Number One CM Pros and Cons

✔️PROS ❌CONS
Regulated through VFSC Cuba, Iran, North Korea, Sudan clients not accepted
Segregated client funds used Limited account types offered
MetaTrader 4 platform Not much research or educational support
Commission-free trading
Exclusive trading tools offered
Commission-free trading offered
Very low initial deposit fee required

 

You might also like: Number One CM Minimum Deposit

You might also like: Number One CM Demo Account

You might also like: Number One CM Fees and Spreads

You might also like: Number One CM Sign up Bonus

 

Number One CM at a Glance

Broker’s Name
Number One CM
Headquartered
Port Vila, Efate, Vanuatu
Year Founded
2017
Regulating Authorities
VFSC
Countries not accepted for trade
Cuba, Iran, North Korea, Sudan
Islamic Account (Swap Free)
No
Demo Account
Yes
Institutional Accounts
Yes
Managed Accounts
Yes
Maximum Leverage
1:1000
Minimum Deposit
$5
Deposit Options
Visa, MasterCard, FasaPay, Skrill, Neteller, UnionPay, Perfect Money, Bitcoin, Litecoin, Dogecoin, WebMoney, EPayments, Bank Wire Transfer, QiwiWallet, OK Pay
Withdrawal Options
Visa, MasterCard, FasaPay, Skrill, Neteller, UnionPay, Perfect Money, Bitcoin, Litecoin, Dogecoin, WebMoney, EPayments, Bank Wire Transfer, QiwiWallet, OK Pay
Platform Types
MetaTrader4
OS Compatibility
Mac, PC, Android, iPhone, iPad, Web
Tradable Assets
Forex, commodities, stocks, and indices
Languages supported on Website
English, French, Russian, Thai, Chinese, Turkish
Customer Support Languages
English, French, Russian, Thai, Chinese, Turkish
Customer Service Hours
Mondays to Fridays from 09:00 to 18:00

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Number One CM?

N1CM offers to trade in Forex, commodities, stocks, and indices.

 

Which platforms are supported by Number One CM?

MetaTrader4.

 

Does Number One CM offer leverage?

Yes. Leverage of up to 1:1000.

 

What spreads can I expect with Number One CM?

Number One CM offers variable spreads on all its accounts. The usual spreads on EUR/USD start from 1.2 pips.

 

Does Number One CM charge commission?

No, Number One CM does not charge commission.

 

Are there additional charges on the Islamic account?

Not applicable.

 

Is number One CM regulated?

Yes. Number One CM is regulated by VFSC.

 

Is Number One CM a recommended forex trading broker for experts and beginners?

Yes. Number One CM caters to both beginners and experts.

 

What is the overall rating out of 10 for Number One CM?

7/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Number One CM offer a demo account?

Yes.

 

For how long is the demo account valid?

The demo account is valid for as long as the client needs it.

 

Does Number One CM offer the option of an Islamic Account?

No. Number One CM does not offer an Islamic Account.

 

Which live trading accounts does Number One CM?

Number One CM offers the following live accounts:

  • Cent Account
  • Standard Account
  • ECN Pro Account

 

What are the available deposit currencies for a live trading account?

  • EUR
  • USD
  • IDP
  • CNY
  • RUB
  • MYR
  • THB
  • VND

 

Deposits and Withdrawals

 

What is the minimum deposit for Number One CM?

$5.

 

How do I make a deposit and withdrawal with Number One CM?

  • Visa
  • MasterCard
  • FasaPay
  • Skrill
  • Neteller
  • UnionPay
  • Perfect Money
  • Bitcoin
  • Litecoin
  • Dogecoin
  • WebMoney
  • EPayments
  • Bank Wire Transfer
  • QiwiWallet
  • OK Pay

 

Does Number One CM charge withdrawal fees?

No. Fees from financial institutions may apply.

 

How long does it take to make a withdrawal?

Withdrawals are usually done within 2 hours but can take up to 5 business days depending on your banking institution.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

FINEXO Review

Overall, FINEXO is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out