Introduction
NumberOne CM is an established broker that came into existence in 2017. Headquartered in Vanuatu, the broker has provided Forex/CFD trading services to more than 4 million clients so far. Coming to regulation, NumberOne CM is a licensed and regulated brokerage firm and comes under the supervision of the regulatory body, VFSC (Vanuatu Financial Services Commission). Thus, it complies with the rules and protocols of VFSC and keeps clients’ money in a separate account and doesn’t mingle them with their business funds.
Founded by a group of veteran financial professionals, the brokerage firm is dedicated to improving the trading experience by offering exceptional financial trading services to its clients. NumberOne CM enables traders to trade in a diverse range of assets, including commodities, forex, indices and stock. Furthermore, the broker has a full-time customer support team available 24 hours a day to offer you assistance in your preferred language whenever you want. NumberOne CM has extensive experience and offers extremely innovative trading tools.
Features of NumberOne CM:
Account Types:
An excellent feature of NumberOne CM is that it offers clients a wide range of accounts to choose from. Typically, there are three types of trading accounts available: Cent, Standard and ECN Pro accounts. Apart from this, the provision of a demo account is also there so that traders can practice before they start trading with real funds. All the accounts offer competitive trading conditions and spread.
Instruments Traded:
With NumberOne CM, traders can choose from several instruments to trade on, like CFD, indexes, soft commodities, forex, energies, cryptocurrencies, gold & silver, metals and more. However, remember that not all trading instruments are the same in terms of trading conditions. Thus, you need to ensure that your trading strategy is best suited for the trading instrument you have selected.
Trading Platforms:
NumberOne CM provides its clients with one of the best and globally recognised trading platforms out there: MetaTrader. Both the versions i.e., MT4 and MT5 are available for traders to carry out their trades efficiently and smoothly. MT4 and MT5 are known for their user-friendliness, intuitiveness and customisation and come with high-end charting tools, financial calendars and analysis reports. MetaTrader has some powerful features that help traders make informed trading decisions. It’s compatible with all electronic devices, including Windows, Mac, Android and iOS. Additionally, the trading platform can be accessed in diverse languages, including French, English, Russian, Thai, Turkish and Chinese.
Safety of Funds:
Indeed, NumberOne CM is a safe broker as it is regulated and licensed by VFSC. This is why it has a strictly segregated capital structure, wherein the funds of clients are kept separate from business funds.
Customer Support:
NumberOne CM assures its clients get all the necessary support they need, which is why its customer support is readily available to answer all their queries via email, live chat and call. The broker offers its services across Asia, America, Europe and the Far East. This is the reason the broker’s website can be accessed in different languages such as Arabic, English, Chinese, Korean, French, Thai, Vietnamese and Turkish. Note that no office support is available with this broker.
Minimum Deposit:
The minimum deposit requirements to open an account with NumberOne CM vary depending upon which account type you choose. While you need to deposit $5 to open a Cent account, Standard and ECN accounts mandate a minimum deposit of $10 to start trading.
Withdrawals and Deposits:
NumberOne CM offers plenty of ways to deposit and withdraw funds, such as bank cards (debit/credit cards), Fasapay, Neteller, Skrill, Perfect Money, China UnionPay, Bitcoin, Ethereum, Litecoin, Dogecoin, WebMoney, ePayments, bank wire transfers, and many more. Withdrawal transactions can take 1 hour to 5 days to process.
Bonuses and Promotions:
NumberOne CM currently advertises various types of bonuses on its website, namely the protection bonus, where you get a bonus of up to 65% for every deposit you make and free gifts such as an iPhone when you trade certain volumes of trade.
Educational & Trading Tools:
NumberOne CM has recently added a series of training videos on its website, which is an excellent move. In addition, it has also introduced two trading tools: Economic Calendar and Market News, to keep traders updated on all current events that can affect their trades. Earlier, the broker was lacking in this aspect and did not offer any educational content.
Trading Conditions of NumberOne CM:
Fees and Spreads:
NumberOne CM offers only variable spreads on its different account types. However, it is worth mentioning different assets and instruments have different starting spreads; they are not the same for all. Additionally, the broker has no deposit fee, irrespective of your payment method. However, withdrawals made via bank transfers might incur a small fee if withdrawals worth $500 or more are being made. ECN accounts have an extra commission ($5 per lot). Swap fees are also a factor to consider, which are incurred if traders hold open positions overnight.
Leverage:
NumberOne CM provides its clients with a maximum leverage of 1:1000. The basic objective of using leverage is to get a larger exposure to the financial market than the amount you have deposited in your account to open a trading position. However, remember that leverage trading can not only magnify a trader’s potential profits but potential losses too.
Pros and Cons of NumberOne CM:
Pros:
- Regulated broker
- Wide range of funding methods
- MetaTrader 4 & 5 offered
- Islamic account available on Standard account
- Demo Account available
Cons:
- Not the tightest spreads
- No VPS service
Conclusion:
NumberOne CM offers a decent trading environment to its clients in terms of leverage, customer support and tradable assets. An impeccable feature of the broker is it provides access to ECN trading through MetaTrader 4 trading platform. NumberOne CM traders have access to both MetaTrader 4 and 5 trading platforms, both of which are considered to be highly powerful trading platforms that can provide them with a comprehensive analysis to map out their trades.
NumberOne CM has a very low initial deposit requirement, particularly helpful for beginner traders to start their trading journey. The option of demo accounts and various account types indeed makes it a number one choice for traders.
