Compare N1CM vs Amega
What is N1CM? What is Amega?
N1CM is a trading name of Number One Capital Markets, a forex and CFD broker launched in 2017 and based in Vanuatu. The broker offers highly leveraged trading on nearly 100 instruments via the MetaTrader 4 and MetaTrader 5 platforms.
Amega is a forex and CFD broker founded in 2017 and registered in the Marshall Islands. The broker provides commission-free trading on over 200 instruments across forex, stocks, indices, commodities, metals and cryptocurrencies via the MetaTrader 5 platform.
N1CM vs Amega Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is a weak offshore regulator with low standards of oversight and investor protection.
Amega is not regulated by any reputable authority, which means that it operates without any legal supervision or accountability. This poses a high risk for traders who may not be able to recover their funds in case of disputes or insolvency.
N1CM vs Amega Trading Assets Comparison
N1CM offers trading on 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies and 8 metals. The broker has a decent but not very diverse range of assets for traders to choose from.
Amega offers trading on 62 forex pairs, 176 stocks, 15 indices, 6 cryptocurrencies and 8 metals. The broker has a wider and more varied selection of assets than N1CM, especially in the stock market.
N1CM vs Amega Trading Fees Comparison
N1CM charges variable spreads that depend on the account type and market conditions. The broker offers four account types: Classic, Cent, ECN and VIP. The Classic account has no commission but higher spreads from 0.3 pips. The Cent account is designed for micro trading with a minimum deposit of $5 and spreads from 0.3 pips. The ECN account has raw spreads from 0.1 pips and a commission of $7 per lot round turn. The VIP account has the same conditions as the ECN account but with lower commissions for high-volume traders.
Amega charges zero commission on all trades and only applies floating spreads that vary according to the market volatility and liquidity. The broker offers three account types: Standard, Premium and Scalper. The Standard account has no minimum deposit requirement and spreads from 0.5 pips. The Premium account requires a minimum deposit of $100 and has spreads from 0.3 pips. The Scalper account requires a minimum deposit of $500 and has spreads from 0 pips.
N1CM vs Amega Account Types Comparison
N1CM offers four account types that cater to different trading styles and preferences: Classic, Cent, ECN and VIP. All accounts have a maximum leverage of 1:1000 and support both MetaTrader 4 and MetaTrader 5 platforms. The minimum deposit for the Classic and ECN accounts is $50, while the Cent account requires only $5 and the VIP account requires $20,000.
Amega offers three account types that are suitable for different levels of experience and risk appetite: Standard, Premium and Scalper. All accounts have a maximum leverage of 1:1000 and support only the MetaTrader 5 platform. The minimum deposit for the Standard account is $0, while the Premium account requires $100 and the Scalper account requires $500.
N1CM vs Amega Deposit Options Comparison
N1CM supports various payment methods for deposits and withdrawals, including credit cards, debit cards, wire transfers, e-wallets (FasaPay, Perfect Money, STICPAY) and cryptocurrencies (Bitcoin). The broker does not charge any fees for deposits or withdrawals, but third-party fees may apply depending on the payment method used.
Amega also supports a wide range of payment options for deposits and withdrawals, including credit cards, debit cards, wire transfers, e-wallets (Skrill, Neteller, FasaPay) and cryptocurrencies (Bitcoin, Ethereum, Litecoin). The broker does not charge any fees for deposits or withdrawals either, but third-party fees may also apply depending on the payment method used.
N1CM vs Amega Trading Platforms Comparison
N1CM provides both MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile trading. These are popular and powerful platforms that offer advanced charting tools, technical indicators, automated trading with expert advisors (EAs), market news and signals.
Amega only provides the MetaTrader 5 platform for desktop, web and mobile trading. This is an upgraded version of MetaTrader 4 that offers more features and functionalities, such as more timeframes, more order types, more technical indicators, an economic calendar and a built-in market of trading robots and indicators.
N1CM vs Amega Analytical Tools Comparison
N1CM does not offer any additional analytical tools apart from those available on the MetaTrader platforms. The broker does provide some educational resources, such as articles, videos, webinars and an FAQ section, to help traders learn more about the markets and improve their skills.
Amega also does not offer any extra analytical tools besides those on the MetaTrader platform. The broker does offer some educational materials, such as articles, videos, tutorials and a glossary, to help traders enhance their knowledge and performance.
N1CM vs Amega. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals and risk appetite. There is no definitive answer to which broker is better, as different brokers may have different advantages and disadvantages for different traders. However, here are some possible factors that you may want to consider:
- Regulation: N1CM is regulated by the VFSC, which is a weak offshore regulator with low standards of oversight and investor protection. Amega is not regulated by any reputable authority, which means that it operates without any legal supervision or accountability. This poses a high risk for traders who may not be able to recover their funds in case of disputes or insolvency. If you value safety and security, you may want to avoid both brokers or look for other brokers that are regulated by more reputable authorities, such as the FCA, ASIC or CySEC.
- Trading Assets: Amega offers a wider and more varied selection of assets than N1CM, especially in the stock market. If you want to diversify your portfolio and trade on different markets, you may prefer Amega over N1CM. However, if you are mainly interested in forex trading, both brokers offer a decent range of currency pairs to choose from.
- Trading Fees: Both brokers charge zero commission on all trades and only apply floating spreads that vary according to the market volatility and liquidity. However, N1CM offers different account types with different spreads and commissions, while Amega offers commission-free trading on all account types. If you are a scalper or a high-volume trader, you may benefit from the lower spreads and commissions offered by N1CM’s ECN or VIP accounts. However, if you are a beginner or a low-volume trader, you may find Amega’s commission-free trading more attractive and cost-effective.
- Account Types: Both brokers offer different account types that cater to different trading styles and preferences. However, N1CM has a higher minimum deposit requirement for its ECN and VIP accounts ($50 and $20,000 respectively) than Amega’s Premium and Scalper accounts ($100 and $500 respectively). If you have a limited budget or want to start small, you may find Amega’s account types more accessible and affordable than N1CM’s account types.
- Deposit and Withdrawal Options: Both brokers support various payment methods for deposits and withdrawals, including credit cards, debit cards, wire transfers, e-wallets and cryptocurrencies. However, the availability and processing time of these methods may vary depending on your location and the payment provider. You may want to check the details of each payment option before choosing a broker to ensure that it suits your needs and preferences.
- Trading Platforms: Both brokers provide the MetaTrader 5 platform for desktop, web and mobile trading. This is an upgraded version of MetaTrader 4 that offers more features and functionalities, such as more timeframes, more order types, more technical indicators, an economic calendar and a built-in market of trading robots and indicators. However, N1CM also provides the MetaTrader 4 platform for those who prefer the older version or want to use existing EAs or indicators that are compatible with MT4. If you are familiar with or fond of MT4, you may appreciate N1CM’s flexibility in offering both platforms.
- Analytical Tools: Both brokers do not offer any additional analytical tools apart from those available on the MetaTrader platforms. However, both brokers offer some educational resources, such as articles, videos, webinars and tutorials, to help traders learn more about the markets and improve their skills. You may want to explore these resources and see which broker offers more relevant and useful information for your trading needs.
