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N1CM Exposed 2025: Offshore Broker with Fake Regulation
N1CM (No One Capital Markets) markets itself as a “trusted global broker,” but our investigation at ScamBrokersReview.com reveals a different story — this broker operates from Vanuatu, uses a weak license, and has numerous verified withdrawal complaints.
1. Company Overview
N1CM is registered under No One Capital Markets Ltd, licensed by the Vanuatu Financial Services Commission (VFSC).
However, the VFSC does not supervise broker activities nor enforce client-fund protection rules.
This means N1CM can legally operate with no auditing, no segregation of funds, and no investor compensation scheme.
2. Trader Complaints & Warnings
- WikiFX: 1.6 / 10 – Unregulated behavior and transparency issues.
- Trustpilot: Multiple reviews of frozen accounts and delayed withdrawals.
- Forex Peace Army: Reports of price spikes and server disconnections during news events.
Some users even claimed their profits were erased after requesting withdrawals.
💸 3. How the Scam Pattern Works
- Lures traders with bonuses and 1:1000 leverage.
- Blocks withdrawals after profitable trades.
- Demands “tax fees” before releasing funds.
- Deletes accounts after payment.
A typical offshore fraud scheme identical to KOT4X and HankoTrade.
4. Offshore Regulation = Zero Protection
Being licensed in Vanuatu provides no real investor security.
The VFSC does not monitor daily broker operations and offers no dispute resolution mechanism.
If N1CM closes tomorrow, clients lose everything.
5. Comparison: N1CM vs Regulated Brokers
| Feature | Regulated Broker | N1CM |
|---|---|---|
| Licensing | FCA, ASIC, CySEC | VFSC (Vanuatu) |
| Fund Safety | Segregated & insured | None |
| Transparency | Audited | Hidden |
| Withdrawals | Reliable | Blocked |
| Legal Recourse | Yes | No |
6. What Victims Should Do
- Stop funding the account immediately.
- Save all wallet and transaction records.
- Report N1CM to your national financial regulator.
- Leave reviews on Trustpilot and Forex Peace Army.
- Read: How to Recover Funds from Scam Brokers.
7. Final Verdict
N1CM pretends to be regulated but operates from Vanuatu — a tax-haven with no oversight.
Its pattern of frozen withdrawals and fake compliance excuses proves it’s unsafe for traders.
Verdict: N1CM is an offshore broker using a fake license to appear legitimate — avoid at all costs.
