Red Flags
1
N1CM
N1CM has faced accusations of price manipulation and unreliable customer support, leaving traders frustrated with delayed withdrawals and financial losses due to high leverage. Additionally, weak regulation under the VFSC raises concerns about the broker’s legitimacy.
Quick summary on N1CM
N1CM has raised several concerns that potential traders should be aware of. Here are some key points to consider:
Price Manipulation: Unexplained price fluctuations have been reported, suggesting possible manipulation of market conditions.
Withdrawal Issues: Many traders have experienced significant delays in withdrawing funds, causing frustration and skepticism.
Unreliable Customer Support: Customers often report slow and unhelpful responses from the support team, leaving issues unresolved.
Risky Leverage: High leverage offered by the broker can lead to substantial financial losses, especially when combined with low spreads.
Weak Regulation: The broker operates under the Vanuatu Financial Services Commission (VFSC), which lacks robust regulatory oversight.
by: Nicole Simmons
If you trade here, good luck getting your money back. The withdrawal delays are ridiculous, and support just gives copy-paste excuses. Feels like a scam.
by: Jodi Ray
A broker with bad regulation, withdrawal issues, and price manipulation? Sounds like a scam factory.
by: Jacob Simmons
They lure you in with high leverage, then manipulate prices—recipe for disaster!
by: Jodi Ray
N1CM is registered in Vanuatu, which basically means zero real regulation. If things go south, no one’s coming to help you. Do yourself a favor and stay away.