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Number One CM Review



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

Below is an in-depth review regarding Number One CM to help you make an informed decision before opening your account or trading on their platform.




According to research, Number One CM (N1CM) is an established forex broker company in Vanuatu.

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

N1CM 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.

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.

N1CM is a regulated broker, holding licences from the Vanuatu Financial Service Commission (VFSC). It is authorised to offer financial services across Europe, Far East, Asia and America.

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.



Number One CM was founded in 2017 by a dedicated, veteran team of online financial professionals. It headquarters in Port Vila, Efate, Vanuatu.

N1CM is a fully licensed and regulated global forex and CFD broker.



In the world of forex broker companies, it counts much for the company’s reputation if it has been honoured with awards from esteemed organisations or publications.

Number One CM has only been in operation for a short period of time and although it is highly by some customers in personal online reviews, there is no information available on the N1CM homepage about any awards received.



A forex account is a trading account held by a trader with a company like Number One CM, that is issued with the primary purpose of trading through its platforms. The number and type of accounts that a trader can open with a broker company usually differ according to the country in which the brokerage operates, the country of residence of the trader and the regulation authorities under whose jurisdiction it operates.



Number One CM offers a number of live account types as well as a demo account. It is one of the few Forex broker 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.

The following live account types with its individual features can be opened:

  • Cent Account (CNT)
  • Spread: Variable
  • 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
  • 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
  • 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

The process to open an account can be started from links on the company. You need to complete three steps by providing personal details and creating a password and choosing an account type.

For accounts to be fully activated, it will be necessary to provide the broker with a high-quality colour copy of your driving license, identity card, passport or similar form of government-issued ID.

In addition, with your signature and an expiration date, the ID provided must clearly show your date of birth, location and name in full.

As soon as the broker has verified your details you can log into the member’s area, deposit funds and start trading.

Deposits into a trading account can be made in the following currencies: EUR, USD, IDR, CNY, RUB, MYR, THB, VND and by means of several payment methods.



Number One CM requires the following minimum deposits to open the different types of live accounts:

  • Cent Account – minimum deposit $ 5
  • Standard Account – minimum deposit $ 10
  • ECN Pro – minimum deposit $ 10

The following methods can be used to fund accounts or make withdrawals:

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

Deposits will reflect within the hour and only Bank Wire Transfers take between 3 – 5 working days.

Withdrawals are usually processed between 1 – 2 hours but depending on the service provider you use it might take a few days to reflect in your account.



Cost of trading depends on different factors like commissions, spread and margins.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.

While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, its trading on shares will incur commission. CFD trades on other markets has no commission but do wrap a spread around the market price of a certain instrument.

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

N1CM does not charge any fees for deposits regardless of the amount or the payment type used. Some withdrawals made by way of bank transfer may incur a fee if the amount withdrawn amounts to $ 500 or the equivalent.

If the banks funds are transferred into charge a fee and commission, these will be for the clients own account and will be subtracted from the withdrawal amount.

N1Cm does not charge withdrawal fees either with the exception of:

  • Visa and MasterCard – 2.5% + 7.5 USD, 2.5% + 6 EUR
  • FasaPay – 0.5%
  • Skrill – 1%
  • Bank Wire Transfer – 50 EUR



Number One CM allows a maximum leverage ratio of 1:1000.

The amount of leverage is expressed as a ratio, for instance 50:1, 200:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 200 000 USD/JPY, that leverage will equate 200:1.

Leveraged product trading magnifies a trader’s potential profit – but of course also increase the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade.



Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.

Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

Number One CM offers an up to %25 first deposit bonus. The larger the deposit is the larger the bonus. All profit received from trading the bonus funds can be freely withdrawn.

When writing this review, N1CM also offered a deposit bonus for all clients of up to %65 for each deposit. The larger the deposit amount, the larger the bonus you’ll receive.

All clients of N1CM can take part in the promotion, which includes those who open a N1CM trading account for the first time during the term of the promotion. The maximum bonus amount cannot exceed $ 5 000.

N1CM also has a gifts promotion where a brand new Apple iPhone 8 (64GB), iPhone 8 Plus (64GB) or iPhone X (64GB) can be received by to clients who open and fund a trading account with N1CM subject to certain terms and conditions.

The iPhone will be ordered for the client as soon as the deposit has been cleared. This promotion is available for all countries and both individual and corporate clients qualify.

More information on this promotion can be obtained from the broker’s website.



The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade.

Number One CM offer only the globally known and versatile MetaTrader4 as trading platform. MT4 is one of the platforms that offer powerful features to help you make educated trading decisions.

MT4 can analyse the dynamics of trading instruments, make trading transactions, and create and use programs of expert advisors.

More than 50 built-in technical indicators and tools are available to help determine input and exit points and many other things.

It is available for PC, Mac, android, iPhone, iPad and as web trader and is offered in several languages which include English, French, Russian, Turkish, Thai and Chinese.

The trading platforms are described as user-friendly, intuitive and customisable, with charting tools and news, analysis reports and financial calendars.



Number One CM offers the following instruments to trade in:

  • Forex – 52 currency pairs
  • Commodities – gold, oil, silver and more
  • Stocks – 0 12 currency pairs
  • Indices – 120 global indices

Most brokers offer all or some of the following market instruments for trading:


Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates.


As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.


Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes which measures the value of a specific section of a stock market.

Precious metals:

This involves the trading of gold, silver and other precious metals as hard commodities that are contract-based tradable.


The high volatility of energy prices due to political, environmental and several other factors, is a typical feature of this product, making it a popular trading choice.




Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like Number One CM is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions.

The financial services industry is under continuously increasing scrutiny and demands for ensuring a safe, sound and financially viable environment within which clients can focus on maximizing their returns, without having to additionally worry about whether their capital/profits are being maintained securely on their behalf, by their service provider.

Number One CM is regulated and holds licences from the Vanuatu Financial Service Commission (VFSC). It is authorised to offer financial services across Europe, Far East, Asia and America.

The broker maintains a strictly segregated capital structure, where client funds are being kept in segregated client funds accounts. The accounts are held by a dedicated third party entity that only manage client funds and are managed separately from the broker’s capital.



Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it.

The Number One CM customer support team can be reached in real time by phone, email, live chat, or a return call option from the website.



Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Trading successfully relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part its features when choosing the right company to trade with.

The only research tools that could be located on Number One CM’s website is an economic calendar on its homepage.  It does however state that clients have access to markets updates as well as financial news updates and analysis.

No links could be find directing clients to this information.


Before starting to trade, potential Number One CM clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If N1CM’s website itself does not provide enough means, a trader should explore other informative sources to obtain that skills and knowledge.

The broker states on its homepage that novice or professional traders can gain access to a resource centre 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 is an off-shore forex broker, regulated and licenced with VFSC and keeps client funds in accounts separate from its own accounts. Although it is not advised to trade with off-shore brokers, N1CM is highly recommended by various personal customer reviews.

ECN trading is offered through the MT4 platform and spreads on all the live account types are the lowest possible and tend to zero under proper market conditions.

The broker requires a very low initial deposit which is particularly helpful for beginner traders. It offers a choice of a demo account as well as three live account types with various payment methods to fund accounts with.

Overall, N1CM offers a decent trading environment for both beginner and professional traders.



While Number One CM promises to make all efforts to fill a trade at the requested price, trading on-line does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.

Trading on the Forex market is connected with risk. The warning on the website is informative in nature and does not indicate that all the mentioned risks can occur directly on you.

The main purpose is to inform the client on all trading and non-trading risks, which may take place while working on the Forex market.

The effect of leverage allows you to trade larger amounts of money than deposit. However, leverage can either work on your side or against you. Carefully analyse and choose the size of the leverage that will help you avoid a high level of risk.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.



Broker’s name Number One CM
Headquarters Port Vila, Efate, Vanuatu
Year founded 2017
Regulating authorities VFSC
Countries not accepted for trade Cuba, Iran, North Korea, Sudan
Demo account Yes
Islamic account (swap free) No
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(s) provided MT4
OS compatibility Mac, PC, Android, iPhone, iPad, Web
Tradable assets Forex, commodities, stocks and indices
Customer support languages English, French, Russian, Thai, Chinese, Turkish
Customer service hours Mondays to Fridays from 09:00 to 18:00





  1. How many instruments can I trade with Number One CM?

N1CM offer trading in Forex, commodities, stocks and indices.

  1. Which platforms are supported by Number One CM?


  1. Does Number One CM offer leverage?

Yes, N1CM offers a maximum leverage of 1:1000.

  1. What spreads can I expect with Number One CM?

N1CM offers variable spreads on all its accounts. The usual spreads on EUR/USD starts from 1.2 pips.

  1. Does Number One Cm charge commission?

No, N1CM does not charge commission.

  1. Is Number One CM regulated?

Yes, N1CM is regulated by VFSC.

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

Yes, N1CM offers a decent trading environment for both beginner and advanced traders.

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




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

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customers actual money.

Does Number One CM offer a demo account?


  1. Can I convert my demo account to a live trading account with Number One CM?

There is no indication on the broker’s website whether the demo account can be converted into a live account

  1. Which live trading accounts does Number One CM offer?
  • Cent Account
  • Standard Account
  • ECN Pro Account
  1. What are the available deposit currencies for a live trading account?



  1. What is the minimum deposit for Number One CM?

$ 5

  1. How do you make a deposit and withdrawal with Number One CM?

N1CM offers the following deposit methods:

  • Visa
  • MasterCard
  • FasaPay
  • Skrill
  • Neteller
  • UnionPay
  • Perfect Money
  • Bitcoin
  • Litecoin
  • Dogecoin
  • WebMoney
  • EPayments
  • Bank Wire Transfer
  • QiwiWallet
  • OK Pay
  1. Does Number One CM charge withdrawal fees?

No, but fees from financial institution may apply.

  1. How long does it take to make a withdrawal?

Withdrawals is 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

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