NumberOne CM Review

Overall, NumberOne CM can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. NumberOne CM has an overall trust score of 70 out of 99.

NumberOne CM at a glance

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

Open a Trading Account

NumberOne CM Review – 15 key points quick overview:

1. NumberOne CM Overview
2. NumberOne CM Safety and Security
3. NumberOne CM Sign-up Bonus
4. NumberOne CM Minimum Deposit
5. NumberOne CM Account Types
6. NumberOne CM Account Features
7. NumberOne CM Demo Account Features
8. How to set up a Demo Account – Step by Step
9. NumberOne CM Trading platforms
10. NumberOne CM Fees and Spreads
11. NumberOne CM vs Hantec Markets vs GT247 – A Comparison
12. NumberOne CM Pros and Cons
13. Conclusion
14. Disclaimer
15. Frequently Asked Questions

NumberOne CM Overview

NumberOne CM is a fully licensed and regulated forex and CFD broker that offers traders from around the world with comprehensive trading conditions and the trade in a variety of financial instruments. NumberOne CM prides itself in offering a safe and secure trading environment to traders, with the assurance that all client funds are kept secure in segregated accounts.

NumberOne CM combines technological ingenuity with attentive and personal service to provide its traders with the best trading experience through the popular, user-friendly MetaTrader 4 across several devices.

Regardless of whether traders are beginners or professional, NumberOne CM has the perfect trading solutions for each, helping traders refine their trading by providing them with all the tools, resources, and materials that they need.

NumberOne CM Safety and Security

NumberOne CM is registered in Vanuatu with corresponding regulation and authorisation with the Vanuatu Financial Services Commission (VFSC). The financial services industry is consistently under increasing scrutiny and demands to ensure that traders have a safe, sound, and financially viable environment.

NumberOne CM maintains a segregated capital structure where client funds are maintained in dedicated, segregated client fund accounts. These accounts are held by third-party entities and the funds are managed completely separately from any, and all, of the internal capital of NumberOne CM.

In addition to this, NumberOne CM also follows a strict Anti-Money Laundering policy as well as Anti-Terrorist Financing to further provide and ensure a safe trading environment.

NumberOne CM therefore does not accept or pays cash under any circumstances. NumberOne CM also reserves the right to suspend the operation of any trader if there is reason to believe that it is illegal or can be related to money laundering.

NumberOne CM Sign-up Bonus

NumberOne CM does not provide a sign-up bonus.

 When traders register a real account with NumberOne CM for the first time, they are not offered with any of the following:

 Sign-up bonus or welcome bonus – which provides traders who register an account for the first time with initiative that serves as trading credit.

 No-deposit bonus – this is a unique advantage that allows traders to start trading without having to make a minimum deposit into their trading account

There are many benefits associated with these initial bonus initiatives and they are often the best way in which a broker can attract new traders to register a real account.

One thing that should be noted with these bonuses, and several others, is that demo account users are not considered eligible unless otherwise indicated by the broker. Often, brokers offer special contests which are aimed specifically at demo account users, allowing them the chance to win prizes.

NumberOne CM offers traders with a 25% deposit bonus when they register for an ECN Account. This bonus is credited to the trading account of the trader and can be used towards trading activities. While the trading bonus cannot be withdrawn, the profits which are made on this bonus can be withdrawn.

NumberOne CM Minimum Deposit

NumberOne CM has a minimum deposit of $5 (73 ZAR).

 The minimum deposit amount that traders can expect when they register an account with NumberOne CM will depend on the account that traders register. The minimum deposit is as follows:

 Cent Account – $5 (73 ZAR)

 Standard Account – $10 (146 ZAR)

 ECN Account – $10 (146 ZAR)

The minimum deposits indicated above are provided according to the exchange rate between the US Dollar and the South African rand, at the time of writing.

NumberOne CM is regulated by VFSC and according to strict requirements, the broker is obligated to keep client funds in segregated accounts with top-tier banks, separate from the broker account. These funds may not be used for operational purposes, or for NumberOne CM to fulfil its financial obligations.

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:

Cent Account

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:

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:

ECN Account

The ECN Account was developed specifically for professional traders who need the best possible trading conditions. The features of this account are:

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

Open a Trading Account

NumberOne CM Demo Account Features

The features that traders can expect from their NumberOne CM demo account will depend on the account type that traders demo along with what the broker makes available for the demo purposes.

Traders can use the demo account that NumberOne CM offers to develop and test out trading strategies in a risk-free environment before using them in a live trading environment.

The demo account is also the perfect platform for beginners who need a practice account which will allow them to develop and build their experience and skills before they trade in a live trading environment.

Lastly, the demo account is also the perfect way for prospective traders to explore what NumberOne CM offers its traders. This allows traders to evaluate whether NumberOne CM caters for the unique trading needs and objectives of the trader.

Traders must note that, while using a practice account, they may not receive accurate real-time quotes or price information, depending on the provisions of NumberOne CM.

How to set up a Demo Account – Step by Step

To register a demo account with NumberOne CM, traders can follow these steps:

 Step 1 : Click on “Demo Account”

Traders can navigate to the official NumberOne CM website and select the option to register a demo account from the homepage.

 Step 2 : Fill out the form

Traders will be redirected to an online application where they must provide their first and last name, email address, and cellphone number.

 Step 2 : Select the option to receive news

Lastly, traders must select the option to receive news, promotional emails, and telephone calls from NumberOne CM before they can submit their application

NumberOne CM Trading platforms

NumberOne CM offers traders with a choice between two of the most popular, user-friendly, innovative, and powerful trading platforms, namely:

MetaTrader 4 – web, desktop, and mobile devices

MetaTrader 5 – web, desktop, and mobile devices

MetaTrader 4

MetaTrader 4 is the most popular trading platform for forex, CFDs, and futures. With this trading platform, traders can easily analyse the dynamics of trading instruments, execute trades, and create and use programs for automatic trading.

The MetaTrader 4 terminal has an all-encompassing solution and provides traders with innovative, customisable charting capabilities in 9 timeframes with more than 50 built-in technical indicators and a range of trading tools to refine trading.

MetaTrader 4 is available on several different devices and account integration across all of these is seamless, allowing traders with the use of different devices as it suits their circumstances.

MetaTrader 5

MetaTrader 5 is a multi-asset trading platform which allows for the trade in several asset classes. MetaTrader 5 is known for offering superior tools for a more comprehensive price analysis, the use of algorithmic trading, and social trading opportunities through copy trading.

MetaTrader 5 also offers traders with Market Depth, and support of superior accounting systems including netting and hedging. MetaTrader provides additional trading tools, timeframes on charts, and overall increased capabilities to provide traders with a competitive, dynamic trading environment.

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

Open a Trading Account

NumberOne CM Fees and Spreads

NumberOne CM’s spreads start from 1.2 pips EUR/USD. The spread list that traders can expect from NumberOne CM starts from 1.2 pips. These spreads will depend on the financial instrument that traders trade, the market conditions on the day of trading, and the type of trading account that traders use.

The commissions charged by NumberOne CM are only applied to the ECN Account, with commissions from $5 (73 ZAR) charged per lot traded.

NumberOne CM vs Hantec Markets vs GT247 – A Comparison

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

Open a Trading Account

NumberOne CM Pros and Cons

Conclusion

NumberOne CM is a regulated offshore broker that offers traders with competitive trading conditions and some unique trading solutions. NumberOne CM caters for both beginner and professional traders by providing dynamic trading accounts, powerful trading platforms, comprehensive training, and education, and the trade in several asset classes.

One great advantage that NumberOne CM has, is the ultra-low minimum deposit, which is required to register a trading account, even an ECN Account which often attracts a high minimum deposit from competitors. The spreads that NumberOne CM offers are not as tight as that of other brokers but the commissions which are charged are exceptionally low.

Disclaimer

NumberOne CM warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.

Before deciding to trade with NumberOne CM, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

NumberOne CM warns that margin trading involves the potential for profit as well as the risk of loss.

Movements in the price of foreign exchange and commodities are very unpredictable, hence NumberOne CM cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

You might also like: NumberOne CM Account Types

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.