Compare N1CM vs Forexee
What is N1CM? What is Forexee?
N1CM is an offshore forex and CFD broker launched in 2017 and based in Vanuatu. The brand offers highly leveraged trading on nearly 100 instruments via the MetaTrader 4 and MetaTrader 5 platforms.
Forexee is an ECN/DMA online foreign exchange forex broker and currency trading platform. The broker was established in 2004 and is regulated by several trustworthy bodies including the UK’s FCA. Forexee offers CFD trading on forex, stocks, commodities, indices, cryptocurrencies and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
N1CM vs Forexee Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is a weak regulatory authority that does not offer much protection to traders. Forexee is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia. These are reputable regulators that impose strict rules and standards on brokers, such as keeping client funds in segregated accounts, providing negative balance protection, and participating in compensation schemes.
N1CM vs Forexee Trading Assets Comparison
N1CM offers trading on 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies, and 4 metals. Forexee offers trading on over 50 forex pairs, over 400 stocks, over 20 indices, over 10 commodities, over 10 cryptocurrencies, and 4 ETFs. Forexee has a wider range of trading instruments than N1CM, especially in the stock and commodity markets.
N1CM vs Forexee Trading Fees Comparison
N1CM charges variable spreads that start from 0.3 pips for the ECN account and from 1.3 pips for the standard account. The broker also charges commissions of $2.5 per lot for the ECN account and $0 for the standard account. N1CM does not charge any deposit or withdrawal fees for most payment methods, except for bank wire transfers.
Forexee charges variable spreads that start from 0 pips for the ECN account and from 0.5 pips for the STP account. The broker also charges commissions of $1.8 per lot for the ECN account and $0 for the STP account. Forexee charges deposit fees for some payment methods, such as credit cards and e-wallets, and withdrawal fees for all payment methods.
N1CM vs Forexee Account Types Comparison
N1CM offers three types of accounts: cent, standard, and ECN. The cent account has a minimum deposit of $5, a maximum leverage of 1:1000, and no commissions. The standard account has a minimum deposit of $50, a maximum leverage of 1:500, and no commissions. The ECN account has a minimum deposit of $100, a maximum leverage of 1:500, and commissions of $2.5 per lot.
Forexee offers four types of accounts: STP, ECN Basic, ECN Advanced, and Crypto. The STP account has a minimum deposit of $300 (or equivalent), a maximum leverage of 1:500 (or lower), and no commissions. The ECN Basic account has a minimum deposit of $200 (or equivalent), a maximum leverage of 1:500 (or lower), and commissions of $2.5 per lot (or lower). The ECN Advanced account has a minimum deposit of $1000 (or equivalent), a maximum leverage of 1:200 (or lower), and commissions of $1.8 per lot (or lower). The Crypto account has a minimum deposit of $10 (or equivalent), a maximum leverage of 1:3 (or lower), and commissions of 0.25% per side.
N1CM vs Forexee Deposit Options Comparison
N1CM accepts deposits and withdrawals via credit cards, debit cards, FasaPay, Perfect Money, STICPAY, and bank wire transfers. The minimum deposit and withdrawal amounts are $5 for most methods, except for bank wire transfers which have a minimum of $1000.
Forexee accepts deposits and withdrawals via credit cards, debit cards, Neteller, Skrill, Trustly, WebMoney, Wire Transfer, Yandex Money, Alipay, UnionPay, AstroPay Card/TEF/Boleto Bancario/Pago Efectivo/Redpagos/SPEI/OXXO/Nequi/Davivienda/Bancolombia/PSE/Servipag/RapiPago/Pagofacil/Provincia NET/Banamex/Bancomer/Banco do Brasil/Itau/Santander/Bradesco/Caixa/Webpay Plus, and cryptocurrencies. The minimum deposit and withdrawal amounts vary depending on the method, but they are generally higher than N1CM’s.
N1CM vs Forexee Trading Platforms Comparison
N1CM offers both MetaTrader 4 and MetaTrader 5 platforms, which are popular and user-friendly platforms that support automated trading, custom indicators, and advanced charting tools.
Forexee offers MetaTrader 4, MetaTrader 5, TradingView, and TickTrader platforms. TradingView is a web-based platform that provides social trading, market analysis, and trading signals. TickTrader is a proprietary platform that offers a customizable interface, advanced order types, and market depth.
N1CM vs Forexee Analytical Tools Comparison
N1CM does not offer any analytical tools apart from the ones available on the MetaTrader platforms. Forexee offers Autochartist, which is a powerful tool that scans the markets for trading opportunities based on technical analysis and chart patterns. Forexee also offers eSignal, which is a premium service that provides real-time market data, news, and trading signals.
N1CM vs Forexee. 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 style, and goals. There is no definitive answer to which broker is better, as different brokers may suit different traders. However, here are some possible factors that you may want to consider:
- Regulation: Forexee is regulated by more reputable and trustworthy authorities than N1CM, which means that you may have more protection and security when trading with Forexee. If you value regulation and credibility, you may prefer Forexee over N1CM.
- Trading Assets: Forexee offers a wider range of trading instruments than N1CM, especially in the stock and commodity markets. If you want to diversify your portfolio and trade on various markets, you may find Forexee more appealing than N1CM.
- Trading Fees: N1CM and Forexee have similar trading fees, but they differ in the account types and payment methods they offer. N1CM has lower minimum deposit and withdrawal amounts than Forexee, which may be attractive for beginners or low-budget traders. Forexee has lower commissions than N1CM for the ECN accounts, which may be beneficial for high-volume or scalping traders. You may want to compare the fees and conditions of each account type and payment method before choosing a broker.
- Trading Platforms: N1CM and Forexee both offer MetaTrader 4 and MetaTrader 5 platforms, which are popular and user-friendly platforms that support automated trading, custom indicators, and advanced charting tools. Forexee also offers TradingView and TickTrader platforms, which provide additional features such as social trading, market analysis, trading signals, advanced order types, and market depth. If you want to access more platforms and tools, you may favor Forexee over N1CM.
- Analytical Tools: Forexee offers Autochartist and eSignal as analytical tools, which are powerful tools that scan the markets for trading opportunities based on technical analysis and chart patterns. They also provide real-time market data, news, and trading signals. N1CM does not offer any analytical tools apart from the ones available on the MetaTrader platforms. If you want to enhance your trading performance and decision making with more analytical tools, you may lean towards Forexee rather than N1CM.
Ultimately, the choice of a forex broker is up to you. You may want to do your own research and test each broker with a demo account before making a final decision.
