Compare Axi vs N1CM
What is Axi? What is N1CM?
Axi is a global online broker that was founded in 2007 and is regulated by the FCA in the UK, ASIC in Australia, DFSA in Dubai and FMA in New Zealand. It offers trading platforms for share CFDs, forex, crypto, gold and more.
N1CM is a global online broker that was founded in 2017 and is regulated by the VFSC in Vanuatu. It offers trading platforms for forex, CFDs on metals, commodities, indices, shares and cryptocurrencies.
Axi vs N1CM Regulation Comparison
Axi has more regulatory licenses than N1CM, which means it has to comply with more rules and standards to protect its clients’ funds and interests. Axi is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which covers up to £85,000 per client in case of insolvency.
N1CM is only regulated by the VFSC in Vanuatu, which is a less reputable jurisdiction for financial services. N1CM does not offer any compensation scheme or segregation of client funds.
Axi vs N1CM Trading Assets Comparison
Axi offers more trading assets than N1CM, with over 130 products to trade across various markets. Axi has more forex pairs (80+), more share CFDs (1000+), more crypto CFDs (10+) and more commodities CFDs (20+) than N1CM.
N1CM offers fewer trading assets than Axi, with only 50+ products to trade across various markets. N1CM has fewer forex pairs (50+), fewer share CFDs (100+), fewer crypto CFDs (5+) and fewer commodities CFDs (10+) than Axi.
Axi vs N1CM Trading Fees Comparison
Axi has lower trading fees than N1CM, with tighter spreads and lower commissions on most instruments. Axi also offers zero deposit and withdrawal fees, as well as a 20% trading credit bonus for new clients.
N1CM has higher trading fees than Axi, with wider spreads and higher commissions on most instruments. N1CM also charges deposit and withdrawal fees on some methods, as well as a 35% first deposit bonus and a 25% re-deposit bonus for new clients.
Axi vs N1CM Account Types Comparison
Axi offers two account types: Standard and Pro. The Standard account has no commissions but higher spreads, while the Pro account has lower spreads but a commission of $7 per round turn lot. Both accounts have a minimum deposit of $0, a maximum leverage of 500:1 and access to all trading platforms and instruments.
N1CM offers three account types: Micro, Standard and ECN. The Micro account has no commissions but higher spreads, while the Standard and ECN accounts have lower spreads but a commission of $10 per round turn lot. The Micro account has a minimum deposit of $10, a maximum leverage of 1000:1 and access to all trading platforms and instruments except shares. The Standard account has a minimum deposit of $100, a maximum leverage of 500:1 and access to all trading platforms and instruments except shares. The ECN account has a minimum deposit of $500, a maximum leverage of 200:1 and access to all trading platforms and instruments including shares.
Axi vs N1CM Deposit Options Comparison
Axi offers more deposit and withdrawal options than N1CM, with over 20 methods available including credit/debit cards, bank transfers, e-wallets, cryptocurrencies and local payment solutions. Axi does not charge any fees for deposits or withdrawals, and processes them within one business day.
N1CM offers fewer deposit and withdrawal options than Axi, with only 10 methods available including credit/debit cards, bank transfers, e-wallets, cryptocurrencies and local payment solutions. N1CM charges fees for some deposit and withdrawal methods, such as bank transfers ($25) and Skrill/Neteller (3%). N1CM also takes longer to process withdrawals, up to five business days.
Axi vs N1CM Trading Platforms Comparison
Axi offers more trading platforms than N1CM, with both MetaTrader 4 and MetaTrader 5 available on desktop, web and mobile devices. Axi also provides access to Myfxbook, Signals and a suite of trading resources such as Autochartist, PsyQuation and Trading Central.
N1CM offers only MetaTrader 4 as its trading platform, available on desktop, web and mobile devices. N1CM also provides access to Autochartist, but not to other trading resources or tools.
Axi vs N1CM Analytical Tools Comparison
Axi offers more analytical tools than N1CM, with a range of indicators, scripts, algorithms and trading robots that can be used within the MetaTrader platforms. Axi also provides access to Myfxbook, Signals and a suite of trading resources such as Autochartist, PsyQuation and Trading Central, which offer market analysis, trading signals, chart patterns, risk management and more.
N1CM offers fewer analytical tools than Axi, with only the basic indicators and features that come with the MetaTrader platform. N1CM also provides access to Autochartist, but not to other trading resources or tools.
Axi vs N1CM. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their trading style, preferences, goals and risk tolerance. Therefore, you should do your own research and compare brokers based on criteria that are important to you, such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools and customer support.
You should also test the broker’s services and platforms with their demo account or minimum deposit before signing up for a real account. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
