Compare Deriv vs N1CM
What is Deriv? What is N1CM?
Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. Deriv claims to provide the widest range of markets, trades and platforms for traders of all levels. Deriv is operated by Deriv Investments (Europe) Limited, which is authorised and regulated by the Malta Financial Services Authority.
N1CM is a global forex and CFD broker that offers trading on over 100 instruments, including forex, shares, indices, commodities, and cryptocurrencies. N1CM claims to provide low spreads, fast execution, flexible leverage, and secure funding options for traders of all levels. N1CM is a trading name of Number One Capital Markets Limited, which is authorised and regulated by the Vanuatu Financial Services Commission.
Deriv vs N1CM Overall Comparison
Both Deriv and N1CM are online brokers that offer trading on multiple asset classes and platforms. However, there are some differences between them in terms of regulation, trading conditions, fees, account types, platforms, tools, and resources.
Deriv vs N1CM Regulation Comparison
Deriv is regulated by the Malta Financial Services Authority (MFSA), which is a reputable regulator in the European Union. Deriv also has other entities that are regulated by the British Virgin Islands Financial Services Commission (BVIFSC), the Labuan Financial Services Authority (LFSA), and the Vanuatu Financial Services Commission (VFSC).
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is a relatively weak regulator with low standards of oversight and protection. N1CM does not have any other entities that are regulated by more reputable authorities.
Therefore, Deriv has an advantage over N1CM in terms of regulation.
Deriv vs N1CM Trading Assets Comparison
Deriv offers trading on five asset classes: forex, stocks & indices, cryptocurrencies, commodities, and derived indices. Derived indices are synthetic indices that simulate market movements and are available 24/7.
N1CM offers trading on six asset classes: forex, shares, indices, commodities, cryptocurrencies, and precious metals.
Both brokers offer a similar range of instruments within each asset class, except for derived indices which are unique to Deriv.
Therefore, Deriv and N1CM have a similar offering of trading assets.
Deriv vs N1CM Trading Fees Comparison
Deriv does not charge any commissions on its trades. Instead, it charges variable spreads that depend on the market conditions and the type of account. Deriv also charges swap fees for holding positions overnight and inactivity fees for dormant accounts.
N1CM also does not charge any commissions on its trades. It also charges variable spreads that depend on the market conditions and the type of account. However, N1CM claims to offer lower spreads than Deriv on some instruments. For example, N1CM advertises spreads from 0.1 pips on EUR/USD while Deriv advertises spreads from 0.9 pips on EUR/USD. N1CM also charges swap fees for holding positions overnight and inactivity fees for dormant accounts.
Therefore, N1CM has an advantage over Deriv in terms of trading fees.
Deriv vs N1CM Account Types Comparison
Deriv offers four types of accounts: Standard Account (MT5), Advanced Account (MT5), Synthetic Indices Account (MT5), and DTrader Account (web-based). The Standard Account has no minimum deposit requirement and offers access to all asset classes except derived indices. The Advanced Account has a minimum deposit requirement of $100 and offers access to all asset classes with lower spreads than the Standard Account. The Synthetic Indices Account has no minimum deposit requirement and offers access to derived indices only with fixed spreads. The DTrader Account has no minimum deposit requirement and offers access to all asset classes with fixed payouts.
N1CM offers three types of accounts: Standard Account (MT4/MT5), ECN Account (MT4/MT5), and VIP Account (MT4/MT5). The Standard Account has no minimum deposit requirement and offers access to all asset classes with variable spreads from 0.8 pips. The ECN Account has a minimum deposit requirement of $500 and offers access to all asset classes with variable spreads from 0 pips and a commission of $7 per lot. The VIP Account has a minimum deposit requirement of $10,000 and offers access to all asset classes with variable spreads from 0 pips and a commission of $5 per lot.
Therefore, Deriv and N1CM have different account types that cater to different trading preferences and styles.
Deriv vs N1CM Trading Conditions Comparison
Deriv offers a maximum leverage of 1:1000 on forex and 1:500 on other instruments. Deriv allows scalping, hedging, and automated trading with expert advisors. Deriv also offers negative balance protection and stop out level of 50%.
N1CM also offers a maximum leverage of 1:1000 on forex and 1:500 on other instruments. N1CM also allows scalping, hedging, and automated trading with expert advisors. N1CM also offers negative balance protection and stop out level of 20%.
Therefore, Deriv and N1CM have similar trading conditions.
Deriv vs N1CM Deposit Options Comparison
- Deriv supports a variety of deposit and withdrawal options, including credit/debit cards, e-wallets, cryptocurrencies, bank wire transfer, and invoice-based payment. The minimum deposit amount ranges from $5 to $10 depending on the method and currency. The deposit processing time is usually instant, except for bank wire transfer which may take 2-3 working days. The withdrawal processing time is usually 1 working day, except for JCB credit card which may take up to 15 working days.
- N1CM supports fewer deposit and withdrawal options, including credit/debit cards, e-wallets, cryptocurrencies, and bank wire transfer. The minimum deposit amount is $10 for all methods except for bank wire transfer which is $100. The deposit processing time is usually instant, except for bank wire transfer which may take 3-5 working days. The withdrawal processing time is usually 24 hours, except for bank wire transfer which may take 3-5 working days.
Deriv vs N1CM Trading Platforms Comparison
Deriv offers two trading platforms: MetaTrader 5 (MT5) and DTrader. MT5 is a popular and powerful platform that supports multiple asset classes, advanced charting tools, technical indicators, automated trading with expert advisors, customisable interface, and more features. DTrader is a web-based platform that supports all asset classes with fixed payouts, simple interface, interactive charts, trade statistics, and more features.
N1CM offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is the most widely used platform in the forex industry that supports multiple asset classes, advanced charting tools, technical indicators, automated trading with expert advisors, customisable interface, and more features. MT5 is an upgraded version of MT4 that supports more asset classes, more order types, more technical indicators, more timeframes, more analytical tools, and more features.
Therefore, Deriv and N1CM have different trading platforms that offer different functionalities and user experiences.
Deriv vs N1CM Analytical Tools Comparison
Deriv does not offer any specific analytical tools apart from the ones available on its platforms. However, Deriv provides market news and analysis on its blog and social media channels.
N1CM offers Autochartist as an analytical tool for its clients. Autochartist is a powerful tool that provides automated technical analysis, trading signals, chart patterns recognition, volatility analysis, market reports, and more features. N1CM also provides market news and analysis on its website and social media channels.
Therefore, N1CM has an advantage over Deriv in terms of analytical tools.
Deriv vs N1CM Educational Resources Comparison
Deriv offers some educational resources for its clients such as video tutorials on how to use its platforms and products. Deriv also provides a glossary of trading terms and a FAQ section on its website.
N1CM offers more educational resources for its clients such as video tutorials on how to use its platforms and products. N1CM also provides webinars on various trading topics hosted by professional traders. N1CM also provides a glossary of trading terms and a FAQ section on its website.
Therefore, N1CM has an advantage over Deriv in terms of educational resources.
Which offers better pricing – Deriv or N1CM
Both Deriv and N1CM do not charge any commissions on their trades. However, they charge variable spreads that depend on the market conditions and the type of account. N1CM claims to offer lower spreads than Deriv on some instruments. For example, N1CM advertises spreads from 0.1 pips on EUR/USD while Deriv advertises spreads from 0.9 pips on EUR/USD. Therefore, N1CM may offer better pricing than Deriv depending on the instrument and the account type.
Which broker offers more security when trading Forex and CFDs?
Deriv is regulated by the Malta Financial Services Authority (MFSA), which is a reputable regulator in the European Union. Deriv also has other entities that are regulated by the British Virgin Islands Financial Services Commission (BVIFSC), the Labuan Financial Services Authority (LFSA), and the Vanuatu Financial Services Commission (VFSC).
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is a relatively weak regulator with low standards of oversight and protection. N1CM does not have any other entities that are regulated by more reputable authorities.
Therefore, Deriv offers more security than N1CM when trading Forex and CFDs.
Which broker offers the superior trading platform?
Deriv offers 9 trading platforms for its clients: Deriv WebTrader, Deriv App (mobile app), DTrader (web-based platform), DBot (automated trading platform), DMT5 (MetaTrader 5 platform), SmartTrader (web-based platform for binary options), Binary Bot (automated trading platform for binary options), Binary WebTrader (web-based platform for binary options), and Binary Tick Trade App (mobile app for binary options). Each platform has its own features and advantages depending on the trader’s preferences and needs.
N1CM offers 2 trading platforms for its clients: MetaTrader 4 and MetaTrader 5. Both platforms are widely used and popular among traders of all levels. They have advanced charting tools, technical indicators, EAs, automated trading features, and customizable interfaces. They are available on desktop (Windows and Mac), web browser (WebTrader), and mobile devices (Android and iOS).
Both brokers offer high-quality trading platforms, but Deriv has more variety and innovation with its synthetic indices and derived products that are not offered by N1CM. Deriv also has more platforms to choose from, while N1CM only uses MetaTrader.
How many Forex pairs can you expect from these brokers?
Deriv offers over 50 forex pairs, including major, minor, and exotic pairs1. N1CM offers over 50 forex pairs as well, including major and minor pairs. However, Deriv may have more exotic pairs than N1CM.
Is it safe to trade with Deriv?
Deriv is a safe broker to trade with as it is regulated by the Malta Financial Services Authority (MFSA), which is a reputable regulator in the European Union. Deriv also has other entities that are regulated by other authorities with high standards of oversight and protection. Deriv also offers negative balance protection and stop out level of 50% to protect its clients from losing more than they deposit.
Is it safe to trade with N1CM?
N1CM may not be a safe broker to trade with as it is regulated by the Vanuatu Financial Services Commission (VFSC), which is a relatively weak regulator with low standards of oversight and protection. N1CM does not have any other entities that are regulated by more reputable authorities. N1CM also offers negative balance protection and stop out level of 20% to protect its clients from losing more than they deposit.
Is Deriv a good broker?
Deriv may be a good broker for traders who are looking for a wide range of markets, trades and platforms to choose from. Deriv also offers low barriers to entry, high liquidity, round-the-clock trading hours, and opportunities to trade on world events. Deriv also provides market news and analysis on its blog and social media channels.
Is N1CM a good broker?
N1CM may be a good broker for traders who are looking for low spreads, fast execution, flexible leverage, and secure funding options. N1CM also offers access to Autochartist, a powerful analytical tool that provides automated technical analysis, trading signals, chart patterns recognition, volatility analysis, market reports, and more features. N1CM also provides market news and analysis on its website and social media channels.
Deriv vs N1CM. Which forex broker is better? Which forex broker should you choose?
Ultimately, the choice of a forex broker depends on your personal needs and preferences. However, based on the criteria that you provided, I can give you some suggestions on what to consider when choosing a broker.
If you value security and regulation, you may prefer Deriv over N1CM as Deriv is regulated by a reputable authority in the European Union while N1CM is regulated by a relatively weak authority in Vanuatu.
If you value pricing and spreads, you may prefer N1CM over Deriv as N1CM claims to offer lower spreads than Deriv on some instruments.
If you value trading platforms and features, you may prefer either broker as both offer superior trading platforms that offer different functionalities and user experiences. Deriv offers MetaTrader 5 (MT5) and DTrader while N1CM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
If you value trading assets and instruments, you may prefer either broker as both offer a similar number of forex pairs and other asset classes to trade. However, Deriv also offers derived indices which are synthetic indices that simulate market movements and are available 24/7.
If you value analytical tools and resources, you may prefer N1CM over Deriv as N1CM offers access to Autochartist, a powerful analytical tool that provides automated technical analysis, trading signals, chart patterns recognition, volatility analysis, market reports, and more features. Deriv does not offer any specific analytical tools apart from the ones available on its platforms.
