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NumberOne CM Fees, Spreads and Commissions Reviewed ☑️ (2021)


NumberOne CM Fees and Spreads

 

 

Fees and Spreads

NumberOne CM’s spreads start from 1.2 pips EUR/USD.

 

The spread list that traders can expect from NumberOne CM starts from 1.2 pips. These spreads will depend on the financial instrument that traders trade, the market conditions on the day of trading, and the type of trading account that traders use.

 

The commissions charged by NumberOne CM are only applied to the ECN Account, with commissions from $5 (73 ZAR) charged per lot traded.

 

Additional Trading Fees

NumberOne CM charges overnight fees, also known as swap fees, when traders hold open positions on financial instruments after the trading day has concluded and the relevant market has closed. These fees are either debited or credited depending on the type of position held, whether long or short.

 

NumberOne CM offers Muslim traders who follow the Sharia law with the option of converting their Standard Account to that of an Islamic or Swap-free account, exempting them from such interest.

 

As NumberOne CM is not a spread betting broker, spread betting fees will not apply.

 

Broker Fees

NumberOne CM charges deposit fees of 1% when traders use OK Pay to deposit funds into their trading account. Where withdrawal fees are concerned, NumberOne CM charges the following:

  • Credit/Debit Card – a fee of 2.5% and an additional $7.5 (109 ZAR) or €6 (103 ZAR)
  • FasaPay – 0.5% of the transaction
  • China UnionPay – 1% with a minimum 6 CNY (14 ZAR)
  • Perfect Money – 0.5% of the transaction
  • WebMoney – 0.8% of the transaction
  • QIWI Wallet – 0.5% of the transaction
  • Bank Wire Transfer – 50 EUR (860 ZAR)
  • OK Pay – 2% of the transaction

 

Apart from these fees, there are no other broker fees indicated for NumberOne CM.

 

However, conditions change, and traders must ensure that they verify the existence of other fees such as conversion fees, inactivity fees, account maintenance and management fees, amidst others.

 

Pros and Cons

PROS CONS
Competitive trading conditions Deposit fees and withdrawal fees charged
Low commissions charged Spreads are not the tightest
Islamic Account option provided

 

 

FAQ

How many instruments can I trade with NumberOne CM?

You can trade a variety of instruments over these asset classes:

 

Which platforms are supported by NumberOne CM?

  • MetaTrader 4
  • MetaTrader 5

 

Does NumberOne CM offer leverage?

Yes, NumberOne CM offers leverage up to a maximum of 1:1000. Leverage depends on the financial instrument being traded and the equity of the trading account. Higher equity will mean lower leverage ratios and vice versa.

 

What spreads can I expect with NumberOne CM?

You can expect spreads from 1.2 pips EUR/USD.

 

Does NumberOne CM charge commission?

Yes, NumberOne CM charges commissions from $5 (73 ZAR) per lot.

 

Are there additional charges on the Islamic account?

No, there are no additional charges indicated for the Islamic Account.

 

Is NumberOne CM regulated and by whom?

NumberOne CM is regulated by VFSC in Vanuatu.

 

Is NumberOne CM a recommended forex trading broker for experts and beginners?

Yes, NumberOne CM is recommended for experts and beginners.

 

What is the overall rating out of 10 for NumberOne CM?

5/10.





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