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Is N1CM's website an authorized broker or a clone?
Rania Bo
Jersey
Sep 16, 2026
ANSWER Dear Investor, N1CM is not a reliable forex trading platform, as it currently lacks any valid regulatory oversight. The platform merely claims to be registered in Saint Lucia and does not disclose any regulatory or licensing information. Upon investigation, we did locate a company named Number One Capital Markets Ltd. in the Saint Lucia International Financial Centre (IFC) registry. However, this registration only grants International Business Company (IBC) status and does not constitute a valid financial license. It is important to note that the Saint Lucia IFC has publicly stated that it does not regulate forex brokers or issue forex licenses. Furthermore, the Spanish National Securities Market Commission (CNMV) has officially added N1CM to its warning list for providing investment services without proper authorization. This serves as a strong indication that the platform is operating outside of legitimate regulatory frameworks. Given these serious red flags, we strongly advise you to avoid engaging in any transactions with this unlicensed broker to protect your financial security.
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