Overall Rating: ★☆☆☆☆ (1.0/5.0)

No1 Capital Markets is an offshore forex and CFD broker that offers high leverage and access to a variety of markets including forex, commodities, and cryptocurrencies. However, despite its appealing leverage and low minimum deposit, No1 Capital Markets has been unregulated, which raises serious concerns regarding trustworthiness, security, and investor protection. The broker has received numerous complaints about hidden fees, withdrawal issues, and poor customer service, making it a high-risk choice for traders looking for a safe and secure trading environment.

In this review, we will discuss No1 Capital Markets’ features, regulatory concerns, pricing structure, and why it is not recommended for most traders in 2025.

Key Features

No1 Capital Markets offers a basic trading platform with high leverage, but it lacks the advanced features that more experienced traders might require.

• Trading Platforms:
  • Proprietary WebTrader (accessible via mobile and browser)
  • No MetaTrader 4 (MT4) or MetaTrader 5 (MT5) support
• Markets Offered:
  • Forex, commodities, cryptocurrencies
  • Limited selection of instruments
• Account Types:
  • Standard, VIP, and Islamic accounts
• Leverage:
  • Up to 1:500 for forex
  • Up to 1:1000 for cryptocurrencies
• Minimum Deposit:
  • $250
• Funding Methods:
  • Credit/debit cards, bank transfers, Bitcoin, Ethereum

Regulation and Security

No1 Capital Markets is unregulated, which means that traders are exposed to significant risks in terms of fund safety and legal protection.

• No regulation by any recognized financial authority (FCA, ASIC, CySEC, etc.)
• Offshore registration, likely in Saint Vincent and the Grenadines or another unregulated jurisdiction
• No investor protection or compensation scheme
• No negative balance protection
• No segregation of client funds
• Lack of transparency regarding company ownership and operational framework

Pricing and Costs

While No1 Capital Markets offers high leverage and low minimum deposits, traders have reported hidden fees, slow withdrawals, and unfavorable trading conditions.

• Spreads:
  • From 1.4 pips on major forex pairs
  • Variable spreads for commodities and cryptocurrencies
• Commissions:
  • Zero commission on trades (fees included in spreads)
• Deposit/Withdrawal Fees:
  • Withdrawal fees for certain payment methods
  • Reports of delayed withdrawals and hidden fees
• Inactivity Fee:
  • $25 per month after 6 months of inactivity

Educational Resources and Customer Support

No1 Capital Markets provides minimal educational resources and has been criticized for poor customer support.

• Education:
  • Basic platform tutorials and getting started guides
  • No advanced trading education or resources
• Market Analysis:
  • None available
• Customer Support:
  • Live chat, email support
  • Reports of slow response times and unresolved issues
  • No phone support available

Risk Management Tools

No1 Capital Markets offers basic risk management tools, but they may not meet the needs of more advanced traders.

• Stop-loss, take-profit, and trailing stop orders available
• No guaranteed stop-loss orders (GSLOs)
• No margin call alerts
• No negative balance protection

Pros and Cons

Pros

• High leverage (up to 1:500 for forex and 1:1000 for cryptocurrencies)
• Low minimum deposit requirement ($250)
• Supports cryptocurrency deposits
• Simple proprietary platform

Cons

• Unregulated and offshore with no investor protection
• No transparency regarding fees or operations
• Hidden fees and slow withdrawal processing
• No investor protection or compensation scheme
• Limited educational resources for advanced traders
• Poor customer support

Conclusion: Is No1 Capital Markets the Right Choice?

No1 Capital Markets is a high-risk broker due to its unregulated status, withdrawal issues, and poor customer support. While it offers high leverage and a low minimum deposit, these factors are not enough to offset the significant risks posed by an unregulated broker. Traders should consider regulated brokers such as AvaTrade, Pepperstone, or IC Markets that offer better security, transparency, and investor protection.