N1CM Deposit & Withdrawal

In the world of online trading, a broker's true colors often surface the moment you try to withdraw your funds. Flashy platforms, tight spreads, and high leverage mean little if you cannot access your own money. For N1CM (Number One Capital Markets Limited), an offshore broker registered in Comoros and holding a Vanuatu Financial Services Commission (VFSC) license of uncertain standing, the deposit and withdrawal experience is a tale of two realities.

Our investigation into N1CM's funding operations draws on over 100 user-submitted reviews specifically addressing withdrawals, dozens more on deposits, and cross-referenced data from industry watchdogs. The picture that emerges is deeply divided: while many traders praise fast crypto payouts, a disturbing volume of complaints—53 out of 102 withdrawal reviews—describe blocked funds, endless delays, and a pattern of behavior that mirrors classic advance-fee fraud.

N1CM's official disclosure lists only PerfectMoney as a supported deposit method. However, user reviews frequently mention crypto deposits (USDT, Bitcoin, Litecoin) and even credit/debit cards, suggesting the broker may offer additional channels which are not transparently published. This lack of clarity is the first red flag; legitimate brokers typically list all funding options publicly.

Depositing with N1CM appears effortless. Multiple reviewers highlight instant crediting: 'they will take a deposit in a matter of seconds,' one user wrote bitterly. Others confirm that funding via crypto is 'simple' and 'fast.' This frictionless deposit process is common among sketchy brokers—it ensures your money enters their ecosystem without obstacles, but the real challenge begins when you attempt to reverse the flow.

N1CM again cites only PerfectMoney for withdrawals, yet user reports indicate crypto (USDT, LTC, BTC) is the dominant withdrawal channel. The broker's marketing emphasizes fast withdrawals: 'processing within 1 day' is a recurring claim. Positive reviews do occasionally reflect this, with one user noting 'USDT withdrawal are proceeded within 1 day' and another grateful for a 'fast withdrawal' they 'received quite fast.'

But these successes are overshadowed by a mountain of contrary evidence. Dozens of traders describe waits stretching from weeks to over a year. 'I withdrew $4K, my deposit, three months ago.

I have been waiting for three months but still haven't received the money,' writes one. Another laments, 'It has been over ONE YEAR since I initiated a withdrawal request... All I get back from their customer service is that they're ''working on it''.' Such delays are not occasional glitches; they form a systematic pattern that FXCanary's analysis classifies as high-risk.

The complaints against N1CM are strikingly consistent. Users describe depositing funds, sometimes growing their accounts significantly, only to face a wall of silence and excuses when requesting payouts. 'They won't allow you to withdraw. They create fake profits and would pressure you to invest more,' one user warns. Another detailed how, after making $30,000, the broker blocked the withdrawal entirely.

FXCanary's cross-section of reviews reveals specific tactics: initial demands for unexplained 'fees' to release funds, endless 'additional verification' loops, and generic customer service scripts promising that 'your request is under review.' One victim documented their timeline: a January 3rd withdrawal request for $1,096 in LTC, followed by multiple emails and the same response—'Your request has been placed on the list for processing.' Five months later, the funds had not arrived.

This behavior fits the profile of what industry databases term 'withdrawal scams.' The broker's VFSC license provides little recourse; Vanuatu regulators rarely enforce client claims, especially against small offshore entities like Number One Capital Markets Limited.

N1CM does not publicly disclose a fee schedule for deposits or withdrawals. Positive reviews occasionally mention 'no withdrawal fees, only the system's processing charges,' but this appears contradictory when negative reviews detail demands for fees to 'resolve' stuck requests. One user stated bluntly, 'Initially, they demanded fees to reso[lve]' the withdrawal.

This opacity is a hallmark of dubious brokers. Legitimate platforms clearly state any transaction costs (e.g., blockchain gas fees for crypto, wire transfer charges). At N1CM, traders are left guessing—and often find that their final payout, if it ever arrives, is unexpectedly reduced.

N1CM leans heavily into crypto funding, which provides speed and anonymity but also removes the safety nets of traditional banking. Crypto transactions are irreversible, and if a broker decides not to honor a withdrawal, the trader has no chargeback rights. Many satisfied users are crypto-native traders who accept these risks; they praise the 'easy KYC' and 'fast' USDT withdrawals.

However, the anonymity also enables bad actors. FXCanary's investigation could not verify any regulatory mandate for N1CM to segregate client funds, and with a reported employee count of zero, questions arise about who—if anyone—is actually processing withdrawals. The broker's description as 'crypto based broker so deal with risks' from one positive reviewer seems oddly prophetic.

The evidence is damning. While N1CM may offer attractive trading conditions like tight spreads and high leverage, the core purpose of a broker—to safely custody client funds and return them on demand—appears fundamentally broken. Our aggregated data shows a Scam Risk Score of 43/100 ('Guarded'), primarily due to the overwhelming volume of withdrawal complaints (101 total, with 53 negative).

Deposits may be instant, but a broker that cannot demonstrate reliable payouts is a glaring hazard. The VFSC license offers minimal protection, and the lack of segregation guarantees means client money could be used for the company's operational expenses—or simply pocketed. We advise treating N1CM with extreme caution.

If you are considering trading with N1CM, FXCanary recommends taking these precautions. First, never deposit more than you can afford to lose entirely. Start with the $10 minimum to test the entire cycle—from deposit to trading to withdrawal—before committing larger sums. Second, document every interaction: save chat transcripts, emails, and screenshots of your account balance and withdrawal requests.

Use only traceable funding methods where possible, although N1CM's limited options may force crypto. If you experience a delayed withdrawal, escalate publicly: negative reviews on platforms like Trustpilot often prompt faster responses from brokers seeking reputation management. Finally, consider regulatory safeguards: if your country's financial authority offers jurisdiction over offshore brokers, report any misconduct. For most traders, the consistent pattern of blocked withdrawals makes N1CM a risk not worth taking—your capital is safer elsewhere.