IQ Option is an award-winning mobile trading platform that provides clients with an opportunity to trade over 200 assets, including currencies, indices, commodities, stocks, ETFs and cryptocurrencies. It has a clean and intuitive interface, created to meet the needs of the most demanding traders. It also offers a free demo account, low minimum deposit, multilingual support, educational resources and technical analysis tools.
N1CM (Number One Capital Markets) is a regulated global forex and CFD broker that offers competitive spreads and reliable pricing through its Tier 1 Bank & Broker Liquidity Pool. It allows clients to trade over 50 FX pairs, precious metals, commodities, indices, shares and cryptocurrencies. It also offers various bonuses, deposit and withdrawal options, fast execution time and access to Autochartist’s robust technical analysis tools.
Variable from 0.6 pips for EUR/USD Fixed for other assets depending on market conditions No spread for cryptocurrencies but overnight funding fee applies instead
None for forex metals commodities indices and cryptocurrencies $0.01 per share for shares
Variable depending on the asset and direction of the trade Charged daily at 21:00 GMT
N1CM
Variable from 0.1 pips for EUR/USD Depending on the account type and market conditions
None for Standard account $3 per lot for ECN account
Variable depending on the asset and direction of the trade Charged daily at server time
IQ Option vs N1CM Account Types Comparison
Broker
Account Types
Minimum Deposit
Maximum Leverage
IQ Option
Standard account VIP account (for clients outside the EU who deposit at least $1900 or have a trading volume of $15000 in a period of 3 months) Demo account
$20
1:30 for clients in the EU 1:1000 for clients outside the EU
N1CM
Standard account ECN account Demo account
$20
1:1000
Both brokers offer similar account types with low minimum deposits and high leverage. However IQ Option has a VIP account option for clients outside the EU who meet certain criteria while N1CM has an ECN account option for clients who prefer lower spreads and faster execution but with a commission fee .
IQ Option vs N1CM Deposit Options Comparison
Broker
Deposit Options
Withdrawal Options
IQ Option
Credit/debit cards (Visa Mastercard Maestro) E-wallets (Skrill Neteller WebMoney AdvCash Perfect Money Jeton Wallet) Bank wire transfer Cryptocurrencies (Bitcoin Ethereum Litecoin Ripple Bitcoin Cash ABC EOS TRON Stellar Lumens Cardano)
Same as deposit options except for cryptocurrencies
N1CM
Credit/debit cards (Visa Mastercard) E-wallets (Skrill Neteller WebMoney Perfect Money FasaPay) Bank wire transfer Cryptocurrencies (Bitcoin Ethereum USDT Litecoin)
Same as deposit options
IQ Option vs N1CM Trading Platforms Comparison
Broker
Trading Platforms
Features
IQ Option
IQ Option Web Platform IQ Option Desktop Platform (Windows Mac Linux) IQ Option Mobile App (Android iOS)
Customizable interface Multiple charts Technical indicators Automated trading with Expert Advisors Alerts News feed Economic calendar Trader sentiment Community live trades
N1CM
MetaTrader 4 Web Platform MetaTrader 4 Desktop Platform (Windows Mac Linux) MetaTrader 4 Mobile App (Android iOS) MetaTrader 5 Web Platform MetaTrader 5 Desktop Platform (Windows Mac Linux) MetaTrader 5 Mobile App (Android iOS)
IQ Option vs N1CM . Which forex broker is better? Which forex broker should you choose?
Choosing the right forex broker depends on your personal preferences, trading style, goals and risk appetite. However, here are some possible factors that you can consider:
If you are looking for a higher level of regulation, you may prefer IQ Option as it is regulated by CySEC, which is a member of ESMA and follows the MiFID II directive.
If you are looking for lower spreads and faster execution, you may prefer N1CM as it offers variable spreads from 0.1 pips and an ECN account option with a commission fee.
If you are looking for more variety in trading assets, especially in metals, commodities and cryptocurrencies, you may prefer IQ Option as it offers more options than N1CM.
If you are looking for more variety in shares, you may prefer N1CM as it offers more options than IQ Option.
If you are looking for a user-friendly and intuitive trading platform, you may prefer IQ Option as it has its own proprietary platform that is designed to meet the needs of the most demanding traders.
If you are looking for an advanced and sophisticated trading platform, you may prefer N1CM as it uses the popular MetaTrader 4 and MetaTrader 5 platforms that offer more features and functionality.
If you are looking for more social trading features, such as trader sentiment and community live trades, you may prefer IQ Option as it offers these features on its platform.
If you are looking for more technical analysis tools, such as automated trading signals and chart patterns with beginner-friendly indicators, you may prefer N1CM as it offers access to Autochartist’s robust tools.
In the end, the best way to decide which forex broker is better or which one you should choose is to experiment yourself. You can open a free demo account with both brokers and test out their services and features before making your final decision.
