Compare IC Markets vs N1CM
What is IC Markets? What is N1CM?
IC Markets is an Australian-based Forex and CFD broker founded in 2007. They offer trading in a wide range of instruments and have won awards for their trading platforms and customer support. N1CM, on the other hand, is a Forex and CFD broker that was founded in 2016 and is based in Cyprus. They offer a range of account types and trading platforms.
IC Markets vs N1CM Overall Comparison
Overall, both brokers offer similar features such as low spreads, fast execution speeds, and a wide range of trading instruments. However, IC Markets offers more diverse trading platforms and more trading assets to choose from, while N1CM has a wider range of account types to choose from.
IC Markets vs N1CM Regulation Comparison
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) in Australia, while N1CM is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. Both regulators are well-respected in the industry.
IC Markets vs N1CM Trading Assets Comparison
IC Markets offers trading in over 230 instruments, including Forex, commodities, and cryptocurrencies. N1CM offers trading in more than 150 instruments, including Forex, commodities, and stocks.
IC Markets vs N1CM Trading Fees Comparison
Both brokers offer competitive trading fees, with IC Markets offering raw spreads starting from 0.0 pips and N1CM offering spreads starting from 0.1 pips.
IC Markets vs N1CM Account Types Comparison
IC Markets offers three account types – Standard, Raw Spread, and Islamic – while N1CM offers six account types: Micro, Bronze, Silver, Gold, Platinum, and VIP.
IC Markets vs N1CM Trading Conditions Comparison
Both brokers offer fast execution speeds and no requotes, but IC Markets has a wider range of trading instruments to choose from.
IC Markets vs N1CM Deposit Options Comparison
Both brokers offer a range of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. However, N1CM also accepts Bitcoin deposits and withdrawals.
IC Markets vs N1CM Trading Platforms Comparison
IC Markets offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. N1CM offers MetaTrader 4, MetaTrader 5, and their own proprietary platform.
IC Markets vs N1CM Analytical Tools Comparison
Both brokers offer a range of analytical tools, including trading signals, economic calendars, and market analysis. IC Markets also offers Autochartist, while N1CM offers Trading Central.
IC Markets vs N1CM Educational Resources Comparison
Both brokers offer educational resources, including webinars, trading guides, and video tutorials. However, IC Markets also offers a wide range of market analysis content, including daily market reports and trading psychology articles.
Which offers better pricing – IC Markets or N1CM
In terms of pricing, both IC Markets and N1CM offer competitive trading fees with low spreads. However, IC Markets has lower raw spreads for some pairs, such as EUR/USD, which can result in lower overall trading costs.
Which broker offers more security when trading Forex and CFDs?
Both IC Markets and N1CM are regulated by respected regulatory bodies, which offers a high level of security when trading Forex and CFDs. IC Markets is regulated by ASIC in Australia, while N1CM is regulated by CySEC in Cyprus.
Which broker offers the superior trading platform?
The superior trading platform depends on the individual trader’s preferences. IC Markets offers a range of popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader for traders who prefer more options. Meanwhile, N1CM offers both MetaTrader 4 and MetaTrader 5, as well as their own proprietary platform called N1CM Trader, which has features like in-platform news and market analysis.
Do these brokers both offer MetaTrader?
Yes, both IC Markets and N1CM offer MetaTrader 4 and MetaTrader 5.
How many Forex pairs can you expect from these brokers?
IC Markets offer over 60 Forex pairs to trade, while N1CM offers over 50 Forex pairs. This means there is a similar variety of Forex pairs that traders can choose from in both brokers.
Is it safe to trade with IC Markets?
Yes, IC Markets is a safe broker to trade with. They are regulated by ASIC in Australia, which mandates strict compliance with security and safety protocols to protect client funds.
Is it safe to trade with N1CM?
Yes, N1CM is a safe broker to trade with. They are regulated by CySEC in Cyprus, and they also maintain strict safety protocols to safeguard their clients’ funds and information.
Is IC Markets a good broker?
Yes, IC Markets is considered a reputable and trustworthy broker among traders. They have received awards for their trading platforms, customer support, and low spreads.
Is N1CM a good broker?
N1CM is also a well-regarded broker in the Forex and CFD trading community. They have received positive reviews for their multi-asset trading options, educational resources, and competitively low spreads.
IC Markets vs N1CM. Which forex broker is better? Which forex broker should you choose?
Choosing a Forex broker depends on the personal preferences and needs of the trader. Both IC Markets and N1CM are reputable brokers with strong regulatory oversight and competitive trading conditions. Here are a few factors to consider when choosing between the two:
- Trading Assets: IC Markets offers a wider range of instruments to trade, including over 230 assets, while N1CM offers over 150 instruments.
- Trading Platforms: Both brokers offer MetaTrader 4 and 5, but IC Markets has more diverse trading platforms, including cTrader, and MetaTrader Supreme Edition add-ons.
- Account Types: IC Markets offers three account types – Standard, Raw Spread, and Islamic – while N1CM offers six account types.
- Trading Fees: Both brokers offer competitive trading fees with low spreads, but IC Markets has slightly lower spreads than N1CM.
- Regulation: IC Markets is regulated by ASIC in Australia, while N1CM is regulated by CySEC in Cyprus. Both regulatory bodies are highly respected.
Based on these factors, it is difficult to determine which broker is better as both offer excellent trading conditions. However, IC Markets may be a better option for traders who prefer more trading instruments and diverse platforms, while N1CM may suit traders who prioritize varied account types or a proprietary trading platform. Ultimately, traders should consider their specific trading needs and compare the features and advantages of each broker before making a decision.
