Compare BlackBull Markets vs N1CM
What is BlackBull Markets? What is N1CM?
BlackBull Markets is a New Zealand-based broker that was founded in 2014 and offers over 26,000 tradable instruments, including forex, shares, CFDs and commodities. It is regulated by the Financial Services Provider Register (FSPR) and the Financial Services Complaints Limited (FSCL) in New Zealand. It claims to provide competitive spreads, fast execution, no commission deposits and withdrawals, and 24/7 customer support.
N1CM is a trading name of Number One Capital Markets, a broker that was founded in 2017 and registered in Vanuatu. It is regulated by the Vanuatu Financial Services Commission (VFSC). It offers over 100 trading instruments, including forex, CFDs on indices, commodities, shares and cryptocurrencies. It claims to offer low spreads from 0.1 pips, flexible leverage up to 1:1000, negative balance protection, crypto as a funding method, and automated trading with Autochartist.
BlackBull Markets vs N1CM Regulation Comparison
| Broker | Regulatory Authority | License Number | Country |
|---|---|---|---|
| BlackBull Markets | FSPR | FSP403326 | New Zealand |
| BlackBull Markets | FSCL | 5623 | New Zealand |
| N1CM | VFSC | 15008 | Vanuatu |
BlackBull Markets vs N1CM Trading Assets Comparison
| Broker | Forex Pairs | Index CFDs | Commodity CFDs | Share CFDs | Crypto CFDs |
|---|---|---|---|---|---|
| BlackBull Markets | Over 50 | Over 10 | Over 10 | Over 26,000 | No |
| N1CM | Over 50 | 10 | 5 | Over 50 | 4 |
BlackBull Markets vs N1CM Trading Fees Comparison
| Broker | Spreads from (pips) | Commission from (USD per lot) |
|---|---|---|
| BlackBull Markets ECN Standard Account | 0.8 | No commission |
| BlackBull Markets ECN Prime Account | 0.1 | $6 |
| BlackBull Markets ECN Institutional Account | 0.0 | $4 |
| N1CM Standard Account | 0.9 | No commission |
| N1CM ECN Account | 0.1 | $6 |
BlackBull Markets vs N1CM Account Types Comparison
BlackBull Markets offers three types of accounts: ECN Standard, ECN Prime and ECN Institutional. All accounts have a minimum lot size of 0.01 and a maximum leverage of 1:500. The minimum deposit for the ECN Standard account is $0, for the ECN Prime account is $2,000 and for the ECN Institutional account is $20,000.
N1CM offers two types of accounts: Standard and ECN. Both accounts have a minimum lot size of 0.01 and a maximum leverage of 1:1000. The minimum deposit for both accounts is $10.
BlackBull Markets vs N1CM Deposit Options Comparison
BlackBull Markets accepts deposits and withdrawals via bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay and UnionPay. It does not charge any fees for deposits or withdrawals.
N1CM accepts deposits and withdrawals via bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, Perfect Money and cryptocurrencies (Bitcoin, Ethereum, USDT and Litecoin). It does not charge any fees for deposits or withdrawals.
BlackBull Markets vs N1CM Trading Platforms Comparison
BlackBull Markets supports the MetaTrader 4 (MT4) platform on desktop and mobile devices. It also offers the option to trade directly on TradingView, a web-based charting and social trading platform.
N1CM supports both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms on desktop and mobile devices. It also provides access to Autochartist, a technical analysis tool that generates automated trading signals and chart patterns.
BlackBull Markets vs N1CM Analytical Tools Comparison
BlackBull Markets provides market news, analysis and education on its website and blog. It also offers a free VPS service for clients who deposit at least $2,000 and trade at least 20 lots per month.
N1CM provides market news, analysis and education on its website and blog. It also offers a free VPS service for clients who deposit at least $5,000 and trade at least 10 lots per month.
BlackBull Markets vs N1CM. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and financial situation. However, there are a few factors you can consider:
- Regulation: BlackBull Markets is regulated by two authorities in New Zealand, while N1CM is regulated by one authority in Vanuatu. You may want to check the credibility and reputation of these regulators and how they protect your funds and rights as a trader.
- Trading assets: BlackBull Markets offers a wider range of trading assets than N1CM, especially in terms of share CFDs. However, N1CM offers crypto CFDs, which BlackBull Markets does not. You may want to choose a broker that offers the assets you are interested in trading.
- Trading fees: Both brokers offer low spreads and commission-free accounts, but the fees may vary depending on the account type, trading volume and market conditions. You may want to compare the fees for the specific instruments and account types you plan to trade with.
- Account types: Both brokers offer different account types with different minimum deposits, spreads, commissions and features. You may want to choose an account type that suits your trading style, budget and needs.
- Deposit and withdrawal options: Both brokers offer multiple payment methods with no fees, but N1CM accepts cryptocurrencies as a funding option, which BlackBull Markets does not. You may want to choose a broker that offers the payment method you prefer and trust.
- Trading platforms: Both brokers support MT4, but N1CM also supports MT5. BlackBull Markets offers the option to trade on TradingView, while N1CM provides access to Autochartist. You may want to choose a broker that offers the platform you are familiar with and comfortable using.
- Analytical tools: Both brokers provide market news, analysis and education on their websites and blogs. They also offer free VPS services for eligible clients. You may want to choose a broker that offers the tools and resources you need to improve your trading skills and performance.
