NumberOne CM offers traders with a choice between three different type of accounts. Each of these trading accounts cater for traders who have differing levels of experience, skill, and knowledge.
| 👉 Cent Account | 👉 Standard Account | 👉 ECN Account |
| Minimum deposit of $10 (146 ZAR) and no maximum deposit | Minimum deposit of $10 (146 ZAR) and no maximum deposit | Trade execution in less than 0.5 seconds |
| Variable spreads from 1.2 pips EUR/USD | Variable spreads from 1.2 pips EUR/USD | Market execution |
| Commission-free trading | Commission-free trading | 5-digit pricing |
| Flexible leverage up to a maximum ratio of 1:1000 | Flexible leverage up to a maximum ratio of 1:1000 | Stop-out level of 30% |
| Minimum trade volume from 0.01 lots | Minimum trade volume from 0.01 lots | Margin call of 100% |
| Maximum trade volume of 50 lots | Maximum trade volume of 50 lots | 0 pip stop and limit levels |
| Trade execution in less than 1 second | Trade execution in less than 1 second | Access to forex majors and minors, metals, indices, energies, and CFDs |
| Between market and instant execution | Between market and instant execution | Base account currency – USD |
| 5-digit pricing | 5-digit pricing | Access to MetaTrader 4 and 5 on web, desktop, and mobile |
| Stop-out level of 30% | Stop-out level of 30% | Minimum deposit of $10 (146 ZAR) and no maximum deposit |
| Margin call of 100% | Margin call of 100% | Variable spreads from 1.2 pips EUR/USD |
| 0 pip stop and limit levels | 0 pip stop and limit levels | Commissions of $5 (73 ZAR) per lot |
| Access to forex majors and minors, metals, indices, energies, and CFDs | Access to forex majors and minors, metals, indices, energies, and CFDs | Flexible leverage up to a maximum ratio of 1:1000 |
| Base account currency – USD | Base account currency – USD | Minimum trade volume from 0.01 lots |
| Access to MetaTrader 4 and MetaTrader 5 on web, desktop, and mobile | Access to MetaTrader 4 and MetaTrader 5 on web, desktop, and mobile | Maximum trade volume of 50 lots |
Overall Rating
4.7/5
Rated #257 of
Recommended FX Brokers
Minimum Deposit USD 5
Regulators –
MetaTrader 4, MetaTrader 5
Yes
📈 Total Pairs
–
Islamic Account No
Trading Fees Low
24 Hours
NumberOne CM Account types – 9 key points quick overview:
NumberOne CM Overview- NumberOne CM Account Types
- NumberOne CM Account Features
- NumberOne CM Demo Account
- NumberOne CM Islamic Account
- NumberOne CM at a glance
- NumberOne CM Pros and Cons
- Conclusion
- Frequently Asked Questions
NumberOne CM Overview
Established in 2017, NumberOne CM is a fully licensed and VFSC-regulated ECN broker headquartered in Vanuatu. NumberOne CM is known for providing flexible and comprehensive trading solutions to traders from around the world.
NumberOne CM offers a limited range of tradable financial instruments which can be traded either through MetaTrader 4 or MetaTrader 5, two of the most versatile, popular, and reliable trading platforms in the industry.
NumberOne CM was founded by industry professionals who sought to provide both beginner and professional traders with innovative and comprehensive trading products along with exceptional service, dedicated support, and a safe, secure trading environment.
While NumberOne CM does not offer its own research tools and resources, the broker offers an extensive education section that provides a range of topics in addition to many video lessons that cover each topic.
NumberOne CM Account Types
NumberOne CM offers traders with a choice between three different type of accounts. Each of these trading accounts cater for traders who have differing levels of experience, skill, and knowledge. The live trading account that traders can expect with NumberOne CM are:
Standard Account
ECN Account
In addition to these live trading accounts, traders are also given the option to register a demo account. Muslim Traders also have the option to convert their live trading account into an Islamic Account.
NumberOne CM Account Features
Cent Account
The Cent Account is the entry-level account that NumberOne CM offers. This account is popular among beginner traders and more advance traders who want to test their strategies in a live environment without risking a large portion of capital.
The features of the Cent Account are as follows:
| 👉 Cent Account |
| Minimum deposit of $10 (146 ZAR) and no maximum deposit |
| Variable spreads from 1.2 pips EUR/USD |
| Commission-free trading |
| Flexible leverage up to a maximum ratio of 1:1000 |
| Minimum trade volume from 0.01 lots |
| Maximum trade volume of 50 lots |
| Trade execution in less than 1 second |
| Between market and instant execution |
| 5-digit pricing |
| Stop-out level of 30% |
| Margin call of 100% |
| 0 pip stop and limit levels |
| Access to forex majors and minors, metals, indices, energies, and CFDs |
| Base account currency – USD |
| Access to MetaTrader 4 and MetaTrader 5 on web, desktop, and mobile |
Standard Account
The Standard Account is the mid-range account type which is the most popular for its competitive trading conditions and range of benefits. The features of this account are:
| 👉 Standard Account |
| Minimum deposit of $10 (146 ZAR) and no maximum deposit |
| Variable spreads from 1.2 pips EUR/USD |
| Commission-free trading |
| Flexible leverage up to a maximum ratio of 1:1000 |
| Minimum trade volume from 0.01 lots |
| Maximum trade volume of 50 lots |
| Trade execution in less than 1 second |
| Between market and instant execution |
| 5-digit pricing |
| Stop-out level of 30% |
| Margin call of 100% |
| 0 pip stop and limit levels |
| Access to forex majors and minors, metals, indices, energies, and CFDs |
| Base account currency – USD |
| Access to MetaTrader 4 and MetaTrader 5 on web, desktop, and mobile |
ECN Account
The ECN Account was developed specifically for professional traders who need the best possible trading conditions. The features of this account are:
| 👉 ECN Account |
| Trade execution in less than 0.5 seconds |
| Market execution |
| 5-digit pricing |
| Stop-out level of 30% |
| Margin call of 100% |
| 0 pip stop and limit levels |
| Access to forex majors and minors, metals, indices, energies, and CFDs |
| Base account currency – USD |
| Access to MetaTrader 4 and 5 on web, desktop, and mobile |
| Minimum deposit of $10 (146 ZAR) and no maximum deposit |
| Variable spreads from 1.2 pips EUR/USD |
| Commissions of $5 (73 ZAR) per lot |
| Flexible leverage up to a maximum ratio of 1:1000 |
| Minimum trade volume from 0.01 lots |
| Maximum trade volume of 50 lots |
NumberOne CM Demo Account
With the demo account that NumberOne CM offers, traders can use the account for any of these purposes:
A practice account for beginner traders who are new to trading. This allows them to practice trading in a risk-free environment using virtual funds.
An account where more advanced traders can develop and test their trading strategies without risking their capital.
A risk-free way to explore what NumberOne CM offers traders before traders commit to registering a live trading account.
NumberOne CM Islamic Account
An Islamic, or swap-free, trading account is one which is allowed by the Islamic Sharia law. These accounts are based on the Islamic principle where interest is not applied to positions which are held open for longer than a trading day, after the trading day has concluded.
Islamic Accounts are provided by brokers who serve Middle Eastern clients along with clients from other jurisdictions and offers certain features that are in line with the Sharia law, which prohibits the accrual of interest on funds deposited into the account.
The other important feature on an Islamic Account is that transactions must be settled immediately, requiring that currencies be transferred from one account to the other right after the transaction has been completed and therefore paid for in full.
NumberOne CM offers Muslim Traders with the option of converting the Standard Account into that of an Islamic Account, exempting Muslim traders from overnight fees. The features that traders can expect will mirror that of the Standard Account.
There are no additional charges indicated for the Islamic Account and traders must complete the full registration for a Standard Account before they can apply to convert their account. Traders must also note that NumberOne CM reserves the right to approve or decline an application for an Islamic Account.
NumberOne CM at a glance
| Broker's Name | NumberOne CM |
| 📍 Headquartered | Vanuatu |
| 📅 Year Founded | 2018 |
| ⚖️ Regulating Authorities | VFSC |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | $5 (73 ZAR) |
| 💳 Deposit Options | Credit/Debit Card FasaPay China UnionPay Perfect Money Bitcoin Litecoin Ethereum Bitcoin Cash Dogecoin WebMoney E-payments Association QIWI Wallet OK Pay Bank Wire Transfer Bank Wire (China, Indonesia, Malaysia, Thailand, Vietnam) N1CM Prepaid Card |
| 💳 Withdrawal Options | Credit/Debit Card FasaPay China UnionPay Perfect Money Bitcoin Litecoin Ethereum Bitcoin Cash Dogecoin WebMoney E-payments Association QIWI Wallet OK Pay Bank Wire Transfer Bank Wire (China, Indonesia, Malaysia, Thailand, Vietnam) N1CM Prepaid Card |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5 |
| 📈 Tradable assets offered | Forex Commodities Indices Stocks |
| 📱 OS Compatibility | Web, desktop, mobile |
| 👨💼 Languages supported on Website | English, French, Russian, Turkish, Thai, Chinese |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Open Account |
Overall Rating
4.7/5
Rated #257 of
Recommended FX Brokers
Minimum Deposit USD 5
Regulators –
MetaTrader 4, MetaTrader 5
Yes
📈 Total Pairs
–
Islamic Account No
Trading Fees Low
24 Hours
NumberOne CM Pros and Cons
| ✔️ Pros | ❌ Cons |
| Regulated | Offshore broker |
| Flexible funding methods | Spreads are not the tightest |
| Range of deposit currencies supported | Limited range of tradable financial instruments |
| MetaTrader 4 and MetaTrader 5 offered | Deposit and withdrawal fees charged |
| Islamic Account option offered on the Standard Account | Cryptocurrency trading not supported |
| Demo Account offered |
Conclusion
NumberOne CM offers traders with a choice between three different type of accounts. Each of these trading accounts cater for traders who have differing levels of experience, skill, and knowledge.
NumberOne CM offers a limited range of tradable financial instruments which can be traded either through MetaTrader 4 or MetaTrader 5, two of the most versatile, popular, and reliable trading platforms in the industry.
You might also like: NumberOne CM Demo Account
You might also like: NumberOne CM Fees and Spreads
You might also like: NumberOne CM Islamic Account
You might also like: NumberOne CM Minimum Deposit
You might also like: NumberOne CM Sign up Bonus
Frequently Asked Questions
TRADING ENVIRONMENT
How many instruments can I trade with NumberOne CM?
You can trade a variety of instruments over these asset classes:
- Forex
- Commodities
- Indices
- Stocks
Which platforms are supported by NumberOne CM?
- MetaTrader 4
- MetaTrader 5
Does NumberOne CM offer leverage?
Yes, NumberOne CM offers leverage up to a maximum of 1:1000. Leverage depends on the financial instrument being traded and the equity of the trading account. Higher equity will mean lower leverage ratios and vice versa.
What spreads can I expect with NumberOne CM?
You can expect spreads from 1.2 pips EUR/USD.
Does NumberOne CM charge commission?
Yes, NumberOne CM charges commissions from $5 (73 ZAR) per lot.
Are there additional charges on the Islamic account?
No, there are no additional charges indicated for the Islamic Account.
Is NumberOne CM regulated and by whom?
NumberOne CM is regulated by VFSC in Vanuatu.
Is NumberOne CM a recommended forex trading broker for experts and beginners?
Yes, NumberOne CM is recommended for experts and beginners.
What is the overall rating out of 10 for NumberOne CM?
5/10.
ACCOUNTS
What is the difference between a demo and live trading account?
A demo account is a practice, risk-free account which uses virtual funds while the actual capital of a trader is at risk with a live trading account.
Does NumberOne CM offer a demo account?
Yes, NumberOne CM offers a demo account.
How long is the demo account valid?
Demo accounts are typically offered for 30-days.
Which live trading accounts does NumberOne CM offer?
NumberOne CM offers the following live trading accounts:
- Cent Account
- Standard Account
- ECN Account
Does NumberOne CM offer an Islamic Account?
Yes, NumberOne CM offers an Islamic Account option on the Standard Account.
What are the available deposit currencies for a live trading account?
Deposits can be made in any of the following:
- USD
- EUR
- IDR
- CNY
- RUB
- MYR
- THB
- VND
DEPOSITS AND WITHDRAWALS
What is the minimum deposit required to open an account with NumberOne CM?
$5 (73 ZAR).
How do you make a deposit and withdraw money with NumberOne CM?
- Credit/Debit Card
- FasaPay
- China UnionPay
- Perfect Money
- Bitcoin
- Litecoin
- Ethereum
- Bitcoin Cash
- Dogecoin
- WebMoney
- E-payments Association
- QIWI Wallet
- OK Pay
- Bank Wire Transfer
- Bank Wire (China, Indonesia, Malaysia, Thailand, Vietnam)
- N1CM Prepaid Card
Does NumberOne CM charge withdrawal fees?
Yes, NumberOne CM charges the following withdrawal fees:
- Credit/Debit Card – a fee of 2.5% and an additional $7.5 (109 ZAR) or €6 (103 ZAR)
- FasaPay – 0.5% of the transaction
- China UnionPay – 1% with a minimum 6 CNY (14 ZAR)
- Perfect Money – 0.5% of the transaction
- WebMoney – 0.8% of the transaction
- QIWI Wallet – 0.5% of the transaction
- Bank Wire Transfer – 50 EUR (860 ZAR)
- OK Pay – 2% of the transaction
How long does it take to make a withdrawal?
Withdrawals with NumberOne CM will depend on the withdrawal method that traders use. According to the official NumberOne CM website, withdrawals take between 1 hour and 8 hours.
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