N1CM Review : Fees, Pros and Cons, Reviews by Real Traders

N1CM

Operating status: SCAM

Website: https://www.n1cm.com/

Broker violations and abnormal records

Jul 09, 2023 The CNMV issued a warning against N1CM
On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added N1CM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added N1CM to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0
Jul 10, 2023 BrokersView has reviewed that N1CM is an unregulated broker
N1CM claims to be the trading name of Number One Capital Markets Limited, a company supposedly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). However, we have been unable to locate any record matching this company in the "Financial Dealers Licensees" of the financial regulator. This means it is not authorized to operate as a forex broker.
Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added N1CM to its warning list for providing investment services without authorization.
In essence, N1 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

N1CM claims to be the trading name of Number One Capital Markets Limited, a company supposedly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). However, we have been unable to locate any record matching this company in the "Financial Dealers Licensees" of the financial regulator. This means it is not authorized to operate as a forex broker.Additionally, the Comisión Nacional del Mercado de Valores (CNMV) has added N1CM to its warning list for providing investment services without authorization.In essence, N1 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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