Compare FreshForex vs N1CM
What is FreshForex? What is N1CM ?
FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. The company’s partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 18 years.
N1CM is a trading name of Number One Capital Markets, a forex and CFD brokerage founded in 2017 and registered in Vanuatu, claiming to offer a range of financial instruments such as Forex, CFDs on Indices, Commodities, Shares, Cryptocurrencies, and Precious Metals.
FreshForex vs N1CM Regulation Comparison
| Broker | Regulatory Authority | License Number |
|---|---|---|
| FreshForex | Financial Services Authority of St. Vincent and the Grenadines | 20623 IBC 2012 |
| N1CM | Vanuatu Financial Services Commission | 15008 |
FreshForex vs N1CM Trading Assets Comparison
| Broker | Forex Pairs | Precious Metals | Commodities | Indices | Shares | Cryptocurrencies |
|---|---|---|---|---|---|---|
| FreshForex | Over 50 major, minor and exotic pairs | Gold, Silver, Platinum, Palladium | Oil, Gas, Copper, Cotton, Sugar, Coffee, Cocoa | 11 global indices including US30, US100, GER30, UK100 | Over 60 global companies’ shares including Apple, Tesla, Amazon, Facebook | Bitcoin, Ethereum, Litecoin, Ripple |
| N1CM | Over 50 major, minor and exotic pairs | Gold, Silver | Oil, Gas | 10 global indices including US30, US100, GER40, US500 | Over 50 global companies’ shares including Tesla, Amazon, Netflix, Google | Bitcoin, Ethereum, Litecoin, Ripple |
FreshForex vs N1CM Trading Fees Comparison
| Broker | Spreads | Commissions | Swap Rates |
|---|---|---|---|
| FreshForex | From 0 pips on ECN accounts and from 0.9 pips on Classic accounts | $6 per lot on ECN accounts and $0 on Classic accounts | Variable depending on the instrument and account type |
| N1CM | From 0.1 pips on ECN accounts and from 1.6 pips on Standard accounts | $7 per lot on ECN accounts and $0 on Standard accounts | Variable depending on the instrument and account type |
FreshForex vs N1CM Account Types Comparison
| Broker | Account Types |
|---|---|
| FreshForex | Classic (minimum deposit $0), Market Pro (minimum deposit $0), ECN (minimum deposit $200) |
| N1CM | Standard (minimum deposit $10), ECN (minimum deposit $500), Islamic (minimum deposit $10) |
FreshForex vs N1CM Deposit Options Comparison
- Both brokers offer a variety of local and global deposit and withdrawal options with no commissions or hidden fees.
- Some of the common methods include bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney and cryptocurrencies.
- FreshForex also supports Perfect Money, FasaPay and Qiwi Wallet.
- N1CM also supports SticPay.
FreshForex vs N1CM Trading Platforms Comparison
Both brokers use the MetaTrader 4 and MetaTrader 5 platforms that are available for desktops (Windows and Mac), mobile devices (Android and iOS) and as web traders.
The platforms allow traders to use various features such as market order execution, unlimited number of charts, signals about system and trade events, privacy policy of all operations, extended set of time frames, six types of pending orders, deep history of quotes and charts, built-in economic calendar and automated trading with expert advisors.
FreshForex vs N1CM Analytical Tools Comparison
FreshForex provides its clients with free and adjustable SMS notifications, daily reviews and forex market forecasts by the best financial experts, statistics of its work, an indicator of traders’ positions and a forex encyclopedia.
N1CM partners up with Autochartist, a service that provides robust technical analysis tools, automated trading signals and chart patterns with beginner-friendly indicators for free.
FreshForex vs N1CM . Which forex broker is better? Which forex broker should you choose?
Different brokers can suit the needs, preferences and goals of different traders. However, you can consider several factors after comparing FreshForex and N1CM:
- Regulation: Both brokers are regulated by offshore authorities, which may not offer the same level of protection and oversight as more reputable regulators such as FCA, ASIC or CySEC. However, N1CM claims to comply with the MiFID II directive, which sets standards for financial services in the European Union.
- Trading assets: Both brokers offer a similar range of trading instruments, including forex, metals, commodities, indices, shares and cryptocurrencies. However, FreshForex has a slightly larger selection of shares and metals than N1CM.
- Trading fees: Both brokers offer competitive spreads and commissions, depending on the account type. However, FreshForex has lower commissions on ECN accounts ($6 per lot vs $7 per lot) and lower minimum deposits on all account types ($0 or $200 vs $10 or $500).
- Trading platforms: Both brokers use the same trading platforms, MetaTrader 4 and MetaTrader 5, which are widely popular and user-friendly among traders. However, some traders may prefer other platforms that offer more advanced features or customization options.
- Analytical tools: Both brokers provide some analytical tools to help traders with their trading decisions. However, FreshForex has more in-house resources such as daily reviews, forecasts, statistics and an encyclopedia, while N1CM relies on a third-party service, Autochartist.
Ultimately, choosing a forex broker depends on your personal preferences, trading style, and risk appetite. You may want to test both brokers with a demo account before opening a live account with real money. You may also want to read some reviews from other traders who have experience with both brokers.
