Verified
bid-ask spread
I have used both brokers cent and standard account. Despite the cent account being beginner friendly the spreads were quite wide 0,9 pips min which drove up my spread costs. I then moved to the standard account which is slightly better and it's much preferable or my trading style. I would not want to pay commission which is why I do not opt for the ecn account because it's not spread free.
Verified
Micro Lots on ECN
N1CM's ECN Account has proven to be a wise choice for me. With a minimum deposit of $10 and spreads starting from 0.5 pips, it provides a competitive and cost-effective trading environment. The leverage of up to 1:1000 and the ability to trade micro-lots (0.01) are features that cater well to my trading preferences.
Verified
Swap Rates
I have been trading with N1CM and have observed their swap rates to be quite varied across different currency pairs. For instance, holding a short position on USDCHF incurs a swap rate of -4.00 , while a long position on the same pair earns a swap rate of 0.90. In comparison, GBPUSD has a slightly higher negative swap rate for both short (-1.80) and long (6.00) positions. I keep this in mind when planning my trades. Decent swap fees . Recommend
Verified
FAIR SHARE OF LOSSING
The CENT account does have a reassuring aspect. They don't allow my account balance to go negative, which is honestly a relief for someone like me who has had their fair share of losses. It's good to know there's some level of protection in place.
Verified
cs is fast-whatsapp
my experience was fairly satisfactory One aspect that stood out to me was their customer service, which was generally good. They were responsive and promptly addressed any problems or inquines I had also was happy with the fact that they could be contacted through WhatsApp, as this provided an additional avenue for communication
Verified
Similar Account Types - Confusing
I did find the variety of accounttypes somewhat overwhelming, and it took me some time to choose the best fit for my needs. Nevertheless, I understand that this diverse selection can be beneficial for different types of traders, catering to both beginners and experts with different requirements although I believe the spec on the cent and standard account are too similar
Verified
support +1
good support, i reached out to live chat recently which I thought was convienent trading is okay in terms of execution and spreads. I have an ECN account and I know I should be getting raw spreads bu 0.5 pips to get 1:1000 leverage is fine by me recommend
Verified
my account can survive
I recently tried out N1CM broker and wanted to share my experience. They offer BTCUSD crypto assets for trading , which is nice for crypto enthusiasts like me. I particularly liked the option to leverage trades, allowing for potential better returns. They also provide BTCUSD trading, which was a plus for me as I'm interested in that specific pairing. One notable feature is their low stop out level of 30%, meaning positions are automatically closed if the account reaches a 30% loss. This helps me manage risks and protect my capital. While their payment options may not be as traditional as some other brokers, it hasn't been a major issue for me as they support e-wallets, which I use frequently like sticpay and fasapay. Overall, I had a positive experience with N1CM. They offer a good selection of crypto assets, leverage trading, BTCUSD trading, and a low stop out level for risk management. Despite some limitations in payment options, I found it to be a satisfying trading experience
Verified
Close all
I have use the new "closing all losing positions prompt on the MT5 mobile platform. I like that they always update their platform to create favourable trading conditions.
Verified
Good
It has met my expectations for an above-average trading experience; they do not send me unnecessary clutter of spam. Spreads are good, and I haven't experienced any market manipulation. Keep up the good work!