"Cent account xauusd spread"

After trading in both N1CM's cent account and ECN account, i've noticed that the floating spreads on the cent account can be a hidrance. There were time 1 missed my TP and loses positions prematurely. The ECN account, on the other hand is more precise, consitenly triggering where i set my limits. In my opinion, the ECN account offers a better trading experience.

"Good, cheap & fast"

the swift and lenient verification process appealed to me, it allowed me to start trading quickly. i chose the ECN account for tighter spreads, and $2.50 per side commission made it even more cost-effective. trading with N1CM is affordable.

"There is no big difference between the more reasonable standard accounts"

I have used both the N1CM standard account and the ECN account, and the main difference is in the commission. The standard account has spreads starting from 0.8 pips, which is good. However, with an ECN account, I may get tighter spreads starting from 0.5 pips, but there is a catch – this account charges a commission of $2.50 per lot. Because of the commissions, I chose the standard account because I make a lot of trades per day, and it helps me keep my trading costs lower.

"Margin Calls and Liquidation"

N1CM is a good broker in my book but I have concerns about their leverage system. When
my account equity is low, it means I'm taking on more risk. This is particularly true when I'm
trading with a 1:1000 leverage and my balance is below 1k because the minimum margin
required is only 0.1%. It's crucial to be disciplined and cautious in such situations, as it's easy
to wipe out my account if I don't manage risk properly

"Graduated Margin"

When I started with N1CM, I was cautious about the risk. But when I learned about their graduated margin requirement I felt much safer trading to my full potential. With higher leverage, the minimum margin rises proportionally. For 1:1000 leverage, it's just 0.1%, meaning I use only $10 margin for every $100. It's decent safety feature for risk-conscious trader like me

"I exlusively swing tirade wih N1CM on…"

I exlusively swing tirade wih N1CM on fuRusi becaurse it has no swap cocts on the short
poston and a rebafvely lower negafiyn swap rate on tha long pastion (-f 00 pants), making
t oost-emectve. Gecaxsionally, Iconsider ALCUSD wth its manageabie swap rates. 1 avoid
E URTRY, GEPTRY, and USDTRY due to their high swap

"Volatility Analysis"

I've found N1CM's Autochartist tool to be quite useful for volatility analysis, especially in the lead up to the New York open. Just before the market open in New York. I rely on the Autochartist to scan the chart and identify potential volatility-inducing patterns and price levels.

This tools not only saves me time but also helps me more informed trading decision.

"Good Company but there are areas of improvement"

I had a good experience with N1CM, but I believe there are areas where they can improve. Let me share both the positive aspects and the areas of improvement I observed during my time with them.

Pros:

1.Quick Account Deposit: One of the notable advantagesI can commend N1CM is the speedy account deposit process with cryptocurrencies, taking only 5-10 minutes.
2. Easy Account Setup: Setting up an account with N1CM is a breeze, making it convenient for new users.
3) Hedging Permitted: N1CM's policy of allowing hedging gives traders greater flexibility in managing their positions.


Areas of Improvement:

1) Slow Withdrawals: One area where N1CM can enhance its services is in improving the speed of withdrawals, which seem to take longer regardless of the method used.
2) Chat Support Availability: N1CM's chat support is not available 24/7, and there were instances when they were offline when urgent queries needed immediate attention. Timely support is essential, especially when it comes to withdrawal-related issues.
3) Leverage Change Process: Requesting a leverage change through chat support, followed by a potential 30-minute wait, could be streamlined by allowing me to do it directly from my dashboard for a smoother user experience.
4) Withdrawal Speeds: While N1CM emphasizes quick deposits on its website, it would be beneficial to transparently mention the expected processing times for withdrawals, especially for crypto deposits and withdrawals. My withdrawal always arrive in different time spans

Overall, my experience with N1CM had some positives, such as quick deposits and account setup, as well as the option for hedging. However, the slow withdrawals are areas of concern for me, prompting me to explore other brokers for better experiences. I hope N1CM takes these points into consideration and improves its services to provide a more satisfying trading experience for its users.

"ECN spread plus commission"

I primarily use the ECN account for trading GBPUSD and EURUSD due to its relatively tighter spreads. For EURUSD, the ECN account has a minimal spread of 0.5 (min) and 0.6 (avg) pips, while GBPUSD has spreads of 0.7 (min) and 0.9 (avg) pips. The only drawback is the additional slight spread plus commission structure, which could be improved by eliminating one of them.

I would say for their ECN account they are better off giving me raw spreads and taking a slightly higher commissions.

"Gold Swaps"

I've traded gold with several brokers, and i've found its generally more suitable for swing trading due to potential long-term holding potential gains. But, I've noticed that N1CM offers more favorable swaps on XAUUSD compared to many other pairs. With a 2.50-point positive swap on the long side and only - 7.00 points on the short side, it's become one of my cost-effective choices for trading gold.