Compare N1CM vs Coinexx
What is N1CM? What is Coinexx?
N1CM, or Number One Capital Markets, is a regulated forex and CFD broker that was established in 2017 and registered in Vanuatu. It offers a range of trading instruments such as forex, CFDs on indices, commodities, stocks, cryptocurrencies, and precious metals. It provides three types of accounts: Cent, Standard, and ECN, along with a demo account to practice. It operates on the popular MT4 and MT5 trading platforms.
Coinexx is an unregulated forex and crypto broker that was founded in 2017 and based in St. Vincent and the Grenadines. It allows traders to trade over 100 forex and crypto pairs with low spreads and commissions. It offers four types of accounts: Mini, Standard, ECN, and Pro, as well as a demo account. It also uses the MT4 and MT5 platforms, as well as a web-based platform.
N1CM vs Coinexx Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC) under the license number 14692. This means that it has to comply with certain rules and standards set by the regulator, such as maintaining adequate capital, segregating client funds, and submitting regular reports. However, VFSC is not a very reputable or strict regulator compared to other jurisdictions, so traders should exercise caution when dealing with N1CM.
Coinexx is not regulated by any authority and operates as an offshore broker. This means that it does not have to follow any regulatory requirements or oversight, which poses a high risk for traders who may not have any protection or recourse in case of any issues or disputes with the broker. Traders should be aware of the potential dangers of trading with an unregulated broker and do their due diligence before opening an account with Coinexx.
N1CM vs Coinexx Trading Assets Comparison
N1CM offers over 60 trading instruments, including 45 forex pairs, 10 CFDs on indices, 4 CFDs on commodities, 6 CFDs on stocks, 4 CFDs on cryptocurrencies, and 2 CFDs on precious metals. The available cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Ripple.
Coinexx offers over 100 trading instruments, including 62 forex pairs, 40 CFDs on cryptocurrencies, and 4 CFDs on metals. The available cryptocurrencies include Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, Bitcoin Cash, EOS, Stellar, Cardano, NEO, IOTA, Tron, and many more.
N1CM vs Coinexx Trading Fees Comparison
N1CM charges different fees depending on the type of account and the trading instrument. For the Cent account, there is no commission but the spreads are higher (from 1.6 pips for EUR/USD). For the Standard account, there is also no commission but the spreads are lower (from 0.7 pips for EUR/USD). For the ECN account, there is a commission of $3 per lot per side but the spreads are very low (from 0 pips for EUR/USD).
Coinexx also charges different fees depending on the type of account and the trading instrument. For the Mini account, there is no commission but the spreads are higher (from 0.8 pips for EUR/USD). For the Standard account, there is a commission of $2 per lot per side but the spreads are lower (from 0 pips for EUR/USD). For the ECN account, there is a commission of $2 per lot per side but the spreads are even lower (from -0.2 pips for EUR/USD). For the Pro account, there is a commission of $2 per lot per side but the spreads are the lowest (from -0.4 pips for EUR/USD).
N1CM vs Coinexx Account Types Comparison
N1CM offers three types of accounts: Cent, Standard, and ECN. The minimum deposit for each account is $10 for Cent, $50 for Standard, and $500 for ECN. The maximum leverage for each account is 1:1000 for Cent, 1:500 for Standard, and 1:200 for ECN.
Coinexx offers four types of accounts: Mini, Standard, ECN, and Pro. The minimum deposit for each account is $7 for Mini, $10 for Standard, $25 for ECN, and $50 for Pro. The maximum leverage for each account is 1:500.
N1CM vs Coinexx Deposit Options Comparison
N1CM accepts various deposit and withdrawal methods, including credit/debit cards, wire transfer, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Bitcoin, Ethereum, Litecoin, Monero, and Dash. The processing time and fees may vary depending on the method.
Coinexx only accepts cryptocurrencies as deposit and withdrawal methods, including Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, Bitcoin Cash, EOS, Stellar, Cardano, NEO, IOTA, Tron, and more. The processing time is usually instant and there are no fees charged by the broker.
N1CM vs Coinexx Trading Platforms Comparison
N1CM uses the MT4 and MT5 platforms as its main trading platforms. These are the most popular and widely used platforms in the forex industry, offering a user-friendly interface, advanced charting and analysis tools, custom indicators and scripts, automated trading with expert advisors (EAs), and more. N1CM also provides a web-based version of the MT4 and MT5 platforms that can be accessed from any browser without downloading or installing anything.
Coinexx also uses the MT4 and MT5 platforms as its main trading platforms. It offers the same features and benefits as N1CM does. In addition, Coinexx also provides a web-based platform called WebTrader that is compatible with any device and browser. The WebTrader platform has a simple and intuitive design, allowing traders to execute orders, manage positions, view charts, access news and analysis, and more.
N1CM vs Coinexx Analytical Tools Comparison
N1CM offers various analytical tools to help traders with their trading decisions. These include an economic calendar that shows important events and data releases that may affect the market movements; a market news section that provides the latest updates and commentary on the financial markets; a market analysis section that features daily technical and fundamental analysis from experts; a trading signals service that delivers buy and sell recommendations based on various strategies; and a partnership with Autochartist that gives traders access to powerful technical analysis tools, automated trading signals, and chart patterns.
Coinexx does not offer many analytical tools compared to N1CM. It only has an economic calendar that shows the major events and data releases that may impact the market volatility; a market news section that provides brief summaries of the latest headlines and developments in the financial markets; and a blog section that features some articles and insights on various topics related to forex and crypto trading.
N1CM vs Coinexx. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a very important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages purpose . Finally, the best broker for you is the one that meets your needs and expectations.
