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Unregulated

N1CM

United Kingdom · Number One Capital Markets Limited
Unregulated United Kingdom 5-10 years Forex, Metals Listed on MetaQuotes MT5 Main market: KR
2.4/ 10
Trust score

Poor

High-risk profile — proceed only with caution and small amounts.

Licensed-broker average 4.9 / 10
N1CM has no verified tier-1 regulatory licence on record. See what this means →
User reviews
—
License status
None
Operating since
2016
Platforms
MT4, MT5
Min. deposit
—
Max. leverage
1:1000
Account types
—
Website status
Error
checked 25 Oct 2026

N1CM Review — Overview

Updated 27 Oct 2026
Regulation
Unregulated
Licence status
None
Platforms
MT4, MT5
Max. leverage
1:1000
Instruments
Forex, Metals, Commodities, Indices
Typical spread
From 0.9 pips (Cent Account)
Operating
Est. 2016
Main market
KR
Entity
Number One Capital Markets Limited
Website
n1cm.com · Error

N1CM is a forex & CFD broker based in United Kingdom, established in 2016. On Trust Broker Hub it holds a Trust Score of 2.4 out of 10, which we rate as Poor — below the 4.9/10 average for brokers that hold a verified licence. High-risk profile — proceed only with caution and small amounts.

We could not verify any regulatory licence for N1CM. Trading with an unregulated broker is high-risk — your funds are not protected by any authority, and there is no official body to turn to if withdrawals are blocked or the broker disappears. We strongly recommend a regulated alternative from the list on this page.

N1CM provides access to Forex, Metals, Commodities, Indices. Published conditions include leverage up to 1:1000. No complaints are currently on record. Overall, N1CM carries a high-risk profile. Only consider it with money you can afford to lose, and verify everything independently first.

Trust score breakdown

How is this calculated?
Regulation no licence on record 1.0 / 10 × 50%
Transparency public disclosure 8.0 / 10 × 20%
Footprint track record 4.0 / 10 × 15%
Reviews no verified trader feedback yet 3.0 / 10 × 10%
Complaint record no complaint history on file 5.0 / 10 × 5%
Weighted total 3.25
Data completeness 5 of 10 facts verified 50%  ×0.75
Trust Score 2.4 / 10

Trust Score history

2 recorded pointsNow 2.4/10

Pros

  • No unresolved complaints on record
  • Listed in our verified broker directory

Cons

  • No verified regulatory licence on record
  • Always verify the licence directly before depositing

Regulation

0 licences

No regulatory licence on record for N1CM. Treat with caution and verify before depositing.

MetaQuotes registry

As listed in the MetaQuotes MT5 broker directory · checked 26 Oct 2026
Number One Capital Markets Ltd. MT5 server: NumberOneCapitalMarkets
Registration number
2026-00218
Registered address
Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Offices
Saint Lucia
Status (per MetaQuotes)
Non-regulated
Website
www.n1cm.com
Email
info@n1cm.com
Abuse reports
info@n1cm.com
Phone
+1 7585725232

Company details come from the broker's listing in MetaQuotes' MetaTrader 5 directory. A MetaQuotes listing is not a regulatory licence; see the Regulation section above for verified licences.

Trading conditions

Self-reported
InstrumentsForex, Metals, Commodities, Indices, Shares, Cryptocurrencies
Minimum depositNot disclosed
Maximum leverage1:1000
Typical spreadFrom 0.9 pips (Cent Account)
PlatformsMT4, MT5
Demo account✅

We mark unverified fields as “Not disclosed” rather than estimate them.

Our verdict on N1CM

Editorial · updated 27 Oct 2026
Our analysis · editorial 2.4/10

High-risk profile

N1CM does not hold a verified regulatory licence on record. Based in United Kingdom, it has been operating for about 10 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 2.4/10 — a high-risk profile.

Strengths
  • Long 10-year operating track record
  • No complaints on record with us
  • Supports MT4 & MT5 trading
Watch-outs
  • No verified regulatory licence on record — funds may lack protection
  • Very high leverage available (1:1000) — amplifies risk
Bottom line: High risk — we would avoid depositing significant funds until its regulation improves.

This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.

User reviews

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N1CM — Questions & Answers

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Complaints & alerts

0 on record
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag N1CM here if that changes.

Full specifications

Regulated region
United Kingdom
Operating period
5-10 years
Main market
KR
Instruments
Forex, Metals, Commodities, Indices, Shares, Cryptocurrencies
Year founded
2016

Frequently asked

Is N1CM a safe broker?
N1CM scores 2.4 / 10 on our Trust Score, below the 4.9 average for brokers that hold a verified licence. It has no verified tier-1 licence, raising risk. It has no complaints on record with us, though that is not proof of good conduct. Trade only with funds you can afford to lose.
What is the N1CM MT5 server name?
N1CM is listed in the MetaQuotes MetaTrader 5 directory under the server name "NumberOneCapitalMarkets". In MetaTrader 5, add an account and search for that name, then choose the exact server shown in your account details from the broker. Read our methodology.
Is N1CM regulated?
MetaQuotes lists Number One Capital Markets Ltd. with the status "Non-regulated". That is the broker's own declaration to MetaQuotes, not a licence we have checked. We hold no verified licence for it, so check the regulator's own register before depositing.
How is the N1CM trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from N1CM?
N1CM publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.