Compare N1CM vs Forex.com
What is N1CM? What is Forex.com?
N1CM (Number One Capital Markets) is a forex and CFD broker that was founded in 2017 and is registered in Vanuatu. It claims to offer competitive spreads, reliable pricing, flexible leverage, fast execution, and a variety of trading platforms and products.
Forex.com is a forex and CFD broker that is a subsidiary of StoneX Group, a Fortune 100 financial company. It was established in 2001 and is regulated in multiple jurisdictions. It claims to offer powerful platforms, tight spreads, quality executions, and dedicated support.
N1CM vs Forex.com Regulation Comparison
N1CM is licensed and regulated by the Vanuatu Financial Services Commission (VFSC) under license number 15008. Vanuatu is an offshore jurisdiction that has a low level of regulatory oversight and investor protection.
Forex.com is regulated by several reputable authorities, such as the US Commodity Futures Trading Commission (CFTC), the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), and the Cayman Islands Monetary Authority (CIMA). These regulators have high standards of supervision and customer protection.
N1CM vs Forex.com Trading Assets Comparison
N1CM offers over 50 forex pairs, as well as CFDs on precious metals, commodities, indices, shares, and cryptocurrencies. It also provides access to Autochartist, a technical analysis tool that generates trading signals and chart patterns.
Forex.com offers over 80 forex pairs, as well as CFDs on metals, commodities, indices, shares, and cryptocurrencies. It also provides access to TradingView charts, Reuters news feeds, Performance Analytics, SMART Signals, and Capitalise.ai, a platform that allows automated trading strategies. Additionally, it offers stock trading through SA Stone Wealth Management Inc., and futures and options trading through FuturesOnline.
N1CM vs Forex.com Trading Fees Comparison
N1CM charges commissions on forex and CFD trades, ranging from $7 to $10 per lot round turn depending on the account type. It also applies spreads that start from 0.1 pips for major forex pairs. It does not charge any deposit or withdrawal fees.
Forex.com does not charge commissions on forex and CFD trades for its standard account type. It applies spreads that start from 0.8 pips for major forex pairs. It also offers a raw spread account type that charges commissions of $7 per lot round turn and has spreads as low as 0 pips for major forex pairs. It does not charge any deposit fees, but it may charge withdrawal fees depending on the method.
N1CM vs Forex.com Account Types Comparison
N1CM offers three account types: Standard, ECN Pro, and VIP. The minimum deposit for the Standard account is $100, while the minimum deposit for the ECN Pro and VIP accounts is $5000 and $25000 respectively. The leverage for all account types is up to 1:1000. The Standard account has no commissions but higher spreads than the ECN Pro and VIP accounts. The VIP account has some additional benefits such as personal account manager, free VPS service, and priority withdrawal processing.
Forex.com offers two account types: Standard and RAW Pricing. The minimum deposit for both account types is $100. The leverage for both account types is up to 1:50 for US clients and up to 1:400 for non-US clients. The Standard account has no commissions but higher spreads than the RAW Pricing account. The RAW Pricing account has some additional benefits such as cash rebates for active traders, dedicated market strategist, priority service queue, free wire transfers, free VPS service, free API access, free platform add-ons, free research tools, free education resources, free market data reports.
N1CM vs Forex.com Deposit Options Comparison
N1CM supports various deposit and withdrawal options such as bank transfer, credit/debit card, Skrill, Neteller, Perfect Money, WebMoney, FasaPay, Bitcoin, Ethereum, USDT, Litecoin. It does not charge any fees for deposits or withdrawals. The processing time for deposits is instant for most methods except bank transfer which may take up to 5 business days. The processing time for withdrawals is within 24 hours for most methods except bank transfer which may take up to 5 business days.
Forex.com supports various deposit and withdrawal options such as bank transfer, credit/debit card, PayPal, Skrill, Neteller, UnionPay. It does not charge any fees for deposits. It may charge fees for withdrawals depending on the method and the amount. The processing time for deposits is instant for most methods except bank transfer which may take up to 2 business days. The processing time for withdrawals is within 48 hours for most methods except bank transfer which may take up to 5 business days.
N1CM vs Forex.com Trading Platforms Comparison
N1CM offers MetaTrader 4 and MetaTrader 5 as its trading platforms. These are popular and award-winning platforms that support instant access and execution, customized interface, unlimited charts, automated trading with expert advisors, scripts, algorithms, indicators, and trading robots. These platforms are available to use on the web, on Mac, Linux, Windows, and Android operating systems.
Forex.com offers its own web trading platform, as well as MetaTrader 4 and MetaTrader 5. Its web trading platform is intuitive and packed with tools and features such as one-swipe trading, TradingView charts with over 80 indicators, Reuters news feeds, behavioral science technology, Performance Analytics, SMART Signals, Capitalise.ai, and more. Its web trading platform is available to use on the web, on Mac, Linux, Windows, and Android operating systems. MetaTrader 4 and MetaTrader 5 are also available with similar features as N1CM’s platforms.
N1CM vs Forex.com Analytical Tools Comparison
N1CM provides access to Autochartist, a technical analysis tool that generates trading signals and chart patterns based on historical data and market trends. Autochartist also provides risk management tools such as volatility analysis and performance statistics. Autochartist is free for all N1CM clients.
Forex.com provides access to several analytical tools such as TradingView charts with over 80 indicators, Reuters news feeds, Performance Analytics that track your trading performance and provide actionable insights, SMART Signals that provide trade ideas based on technical analysis and market sentiment, Capitalise.ai that allows you to create and automate your trading strategies using natural language. These tools are free for all Forex.com clients.
N1CM vs Forex.com. 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 forex broker is better, as different brokers may suit different traders. However, you can compare some of the main aspects of N1CM and Forex.com and decide which one meets your needs better. Here are some of the factors you may want to consider:
- Regulation: Forex.com is regulated by several reputable authorities, such as the CFTC, the FCA, the ASIC, the IIROC, and the CIMA. These regulators have high standards of supervision and customer protection. N1CM is licensed and regulated by the VFSC, an offshore jurisdiction that has a low level of regulatory oversight and investor protection. If you value security and peace of mind, you may prefer Forex.com over N1CM.
- Trading Assets: Both N1CM and Forex.com offer a wide range of trading assets, such as forex pairs, metals, commodities, indices, shares, and cryptocurrencies . However, Forex.com also offers stock trading through SA Stone Wealth Management Inc., and futures and options trading through FuturesOnline. If you want more diversity and flexibility in your trading portfolio, you may prefer Forex.com over N1CM.
- Trading Fees: Both N1CM and Forex.com charge commissions on forex and CFD trades for their raw spread account types . However, N1CM also charges commissions for its standard account type, while Forex.com does not charge commissions for its standard account type. N1CM has lower minimum deposits for its account types than Forex.com . N1CM does not charge any fees for deposits or withdrawals, while Forex.com may charge fees for withdrawals depending on the method and the amount. If you want to save on trading costs and have more flexibility in your funding options, you may prefer N1CM over Forex.com.
- Trading Platforms: Both N1CM and Forex.com offer MetaTrader 4 and MetaTrader 5 as their trading platforms . These are popular and award-winning platforms that support instant access and execution, customized interface, unlimited charts, automated trading with expert advisors, scripts, algorithms, indicators, and trading robots. However, Forex.com also offers its own web trading platform that is intuitive and packed with tools and features such as one-swipe trading, TradingView charts with over 80 indicators, Reuters news feeds, behavioral science technology, Performance Analytics, SMART Signals, Capitalise.ai, and more. If you want more advanced and innovative tools and features in your trading platform, you may prefer Forex.com over N1CM.
- Analytical Tools: Both N1CM and Forex.com provide access to analytical tools that can help you improve your trading performance and decision making. N1CM provides access to Autochartist, a technical analysis tool that generates trading signals and chart patterns based on historical data and market trends. Forex.com provides access to several analytical tools such as TradingView charts with over 80 indicators, Reuters news feeds, Performance Analytics that track your trading performance and provide actionable insights, SMART Signals that provide trade ideas based on technical analysis and market sentiment, Capitalise.ai that allows you to create and automate your trading strategies using natural language. If you want more variety and sophistication in your analytical tools, you may prefer Forex.com over N1CM.
