Compare N1CM vs easyMarkets
What is N1CM? What is easyMarkets?
N1CM is an offshore broker based in Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC). It was launched in 2017 and claims to offer competitive spreads, high leverage, and access to various trading products.
easyMarkets is a well-established broker based in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). It was founded in 2001 and offers innovative trading tools, fixed spreads, and guaranteed stop loss.
N1CM vs easyMarkets Regulation Comparison
Both brokers are authorized to operate in the European Union, but easyMarkets has a higher trust score due to its dual regulation by ASIC and CySEC, two reputable regulators that impose strict rules and standards on brokers.
N1CM is only regulated by VFSC, which is considered a low-trust jurisdiction that does not provide much protection or oversight for traders
N1CM vs easyMarkets Trading Assets Comparison
Both brokers offer a wide range of trading instruments, including forex, indices, commodities, stocks, cryptocurrencies, and metals. However, easyMarkets has more forex pairs (62 vs 41) and stocks (147 vs 50) than N1CM, while N1CM has more cryptocurrencies (10 vs 6) than easyMarkets.
N1CM vs easyMarkets Trading Fees Comparison
Both brokers charge variable spreads on their MT4 and MT5 platforms, but N1CM has lower spreads than easyMarkets on average. For example, the average spread for EUR/USD is 0.5 pips on N1CM vs 0.9 pips on easyMarkets. However, easyMarkets also offers a web platform and an app that have fixed spreads and no commission fees, while N1CM charges a commission of $3 per lot on its raw spread account.
N1CM vs easyMarkets Account Types Comparison
Both brokers offer three types of accounts with different features and requirements. N1CM has a classic account with a minimum deposit of $5, an advanced account with a minimum deposit of $1000, and an elite account with a minimum deposit of $5000. easyMarkets has a standard account with a minimum deposit of $100, a premium account with a minimum deposit of $1000, and a VIP account with a minimum deposit of $2500.
N1CM vs easyMarkets Deposit Options Comparison
Both brokers support various payment methods for deposits and withdrawals, such as credit cards, e-wallets, bank transfers, and cryptocurrencies. However, easyMarkets does not charge any fees for deposits or withdrawals, while N1CM charges different fees depending on the payment method used.
N1CM vs easyMarkets Trading Platforms Comparison
Both brokers offer the popular MT4 and MT5 platforms for desktop and mobile devices, which have advanced charting tools, indicators, expert advisors, and automated trading features. However, easyMarkets also has its own web platform and app that have unique tools such as dealCancellation, freeze rate, inside viewer, and vanilla options.
N1CM vs easyMarkets Analytical Tools Comparison
Both brokers provide various analytical tools for traders to enhance their trading performance and decision making. These include market news, economic calendars, trading signals, technical analysis tools, and educational resources. However, easyMarkets has more tools than N1CM, such as Autochartist , TradingView charts , Trading Central , SMS alerts , and videos .
N1CM vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider, such as regulation, fees, assets, platforms, tools, and customer service. N1CM and easyMarkets are two forex brokers that offer different features and benefits for traders. Here is a summary of their main differences:
- Regulation: easyMarkets is regulated by two reputable authorities, ASIC and CySEC, while N1CM is only regulated by VFSC, a low-trust jurisdiction. This means that easyMarkets has more credibility and protection for traders than N1CM.
- Fees: N1CM has lower spreads than easyMarkets on average, but it also charges a commission fee on its raw spread account. easyMarkets has fixed spreads and no commission fees on its web platform and app, which can help traders avoid unexpected costs and slippage.
- Assets: Both brokers offer a wide range of trading instruments, but easyMarkets has more forex pairs and stocks than N1CM, while N1CM has more cryptocurrencies than easyMarkets. This means that easyMarkets has more diversity and opportunities for traders than N1CM.
- Platforms: Both brokers offer the popular MT4 and MT5 platforms, which have advanced features and functionalities for traders. However, easyMarkets also has its own web platform and app, which have unique tools such as dealCancellation, freeze rate, inside viewer, and vanilla options. These tools can help traders manage their risks and strategies better than N1CM.
- Tools: Both brokers provide various analytical tools for traders, such as market news, economic calendars, trading signals, technical analysis tools, and educational resources. However, easyMarkets has more tools than N1CM, such as Autochartist™️ , TradingView charts , Trading Central , SMS alerts , and videos . These tools can help traders improve their trading performance and decision making better than N1CM.
Based on these differences, you can decide which broker suits your trading style and preferences better. However, before you make your final choice, you should also consider other factors such as your trading goals, risk tolerance, experience level, and personal preferences. You should also do your own research and test the brokers with demo accounts or small deposits before you commit to them.
