Compare N1CM vs FXTM
What is N1CM? What is FXTM?
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.
FXTM is a global forex and CFD broker founded in 2011 and regulated by several trustworthy authorities including the UK’s FCA, CySEC, and ASIC. The broker offers trading on over 600 instruments across FX, indices, commodities, stocks, cryptocurrencies, and ETFs via the MetaTrader 4 & 5 and TradingView platforms.
N1CM vs FXTM Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is a relatively weak regulatory body that does not impose strict rules or requirements on its licensed brokers. N1CM does not provide negative balance protection or segregated client funds.
FXTM is regulated by multiple reputable regulators, such as 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. FXTM offers negative balance protection, segregated client funds, investor compensation schemes, and enhanced security measures.
N1CM vs FXTM Trading Assets Comparison
N1CM offers trading on nearly 100 instruments, including 50 forex pairs, 10 indices, 4 commodities, 20 shares, and 10 cryptocurrencies.
FXTM offers trading on over 600 instruments, including 60 forex pairs, 10 indices, 5 commodities, 180 shares, 40 cryptocurrencies, and 3 ETFs.
N1CM vs FXTM Trading Fees Comparison
N1CM charges variable spreads depending on the account type and market conditions. The classic account has spreads from 1.6 pips on EUR/USD, while the pro account has spreads from 0.2 pips plus a commission of $2 per lot per side. The broker also charges swap fees for overnight positions and an inactivity fee of $10 per month after six months of no trading activity.
FXTM charges variable or fixed spreads depending on the account type and market conditions. The standard account has fixed spreads from 1.3 pips on EUR/USD, while the ECN account has variable spreads from 0.1 pips plus a commission of $2 per lot per side. The broker also charges swap fees for overnight positions and a withdrawal fee of $3 for some payment methods.
N1CM vs FXTM Account Types Comparison
N1CM offers four account types: classic, pro, VIP, and Islamic. The minimum deposit for the classic account is $5, while the minimum deposit for the other accounts is $500. The maximum leverage for all accounts is 1:1000. The classic account has no commission fees but wider spreads, while the other accounts have lower spreads but higher commission fees.
FXTM offers six account types: standard, cent, stocks CFDs, ECN, ECN zero, and pro. The minimum deposit for the standard and cent accounts is $10, while the minimum deposit for the other accounts ranges from $100 to $25,000. The maximum leverage for all accounts is 1:2000 for global traders and 1:30 for EU traders. The standard and cent accounts have fixed spreads and no commission fees, while the other accounts have variable spreads and commission fees.
N1CM vs FXTM Deposit Options Comparison
N1CM supports various deposit and withdrawal options, such as credit/debit cards, bank wire transfers, e-wallets (FasaPay, Perfect Money), STICPAY, and cryptocurrencies (Bitcoin, Ethereum). The broker does not charge any deposit or withdrawal fees.
FXTM supports various deposit and withdrawal options, such as credit/debit cards, bank wire transfers, e-wallets (Neteller, Skrill), WebMoney, Yandex Money, Alipay, Trustly, and cryptocurrencies (Bitcoin). The broker does not charge any deposit fees but may charge a withdrawal fee of $3 for some methods.
N1CM vs FXTM Trading Platforms Comparison
N1CM offers both MetaTrader 4 and MetaTrader 5 platforms for desktop and mobile devices. These platforms are popular among traders for their advanced features, such as custom indicators, expert advisors, charting tools, market news, and order types.
FXTM offers MetaTrader 4 & 5, TradingView, and TickTrader platforms for desktop and mobile devices. These platforms are also popular among traders for their advanced features, as well as their additional functionalities, such as social trading, copy trading, market analysis, and trading signals.
N1CM vs FXTM Analytical Tools Comparison
N1CM does not offer any specific analytical tools, but it provides free educational resources, such as webinars, articles, videos, and e-books, to help traders improve their skills and knowledge.
FXTM offers various analytical tools, such as Autochartist, FXTM Pivot Points Strategy, FXTM Trading Signals, FXTM Market Outlook, FXTM Market Analysis Team, and FXTM Trader App. These tools help traders identify trading opportunities, monitor market trends, access expert insights, and trade on the go.
N1CM vs FXTM. 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 suit different traders. However, you may consider some of the following factors when choosing between N1CM and FXTM:
- Regulation: FXTM has a clear advantage over N1CM in terms of regulation, as it is licensed by several reputable authorities that ensure high standards of security, transparency, and customer protection. N1CM is regulated by a weak offshore regulator that does not impose strict rules or requirements on its licensed brokers. If you value safety and reliability, you may prefer FXTM over N1CM.
- Trading Assets: FXTM offers a wider range of trading instruments than N1CM, including more forex pairs, commodities, stocks, cryptocurrencies, and ETFs. If you want to diversify your portfolio and access more markets, you may prefer FXTM over N1CM.
- Trading Fees: Both N1CM and FXTM charge variable or fixed spreads depending on the account type and market conditions. N1CM has lower minimum deposits for most accounts but higher inactivity fees. FXTM has higher minimum deposits for some accounts but lower withdrawal fees for some methods. The trading costs may vary depending on your trading volume, frequency, and strategy. You may want to compare the spreads and commissions of both brokers for the instruments you want to trade and choose the one that offers the best value for your money.
- Account Types: Both N1CM and FXTM offer multiple account types to cater to different types of traders. N1CM offers four account types: classic, pro, VIP, and Islamic. FXTM offers six account types: standard, cent, stocks CFDs, ECN, ECN zero, and pro. The main differences between the accounts are the minimum deposits, spreads, commissions, leverage, and execution types. You may want to choose the account type that matches your trading style, experience level, and capital.
- Deposit and Withdrawal Options: Both N1CM and FXTM support various deposit and withdrawal options, such as credit/debit cards, bank wire transfers, e-wallets, and cryptocurrencies. However, N1CM does not charge any deposit or withdrawal fees, while FXTM may charge a withdrawal fee of $3 for some methods. You may want to choose the broker that offers the most convenient and cost-effective payment methods for you.
- Trading Platforms: Both N1CM and FXTM offer MetaTrader 4 & 5 platforms for desktop and mobile devices. These platforms are popular among traders for their advanced features and functionalities. However, FXTM also offers TradingView and TickTrader platforms that provide additional features such as social trading, copy trading, market analysis, and trading signals. You may want to choose the broker that offers the most suitable and user-friendly trading platform for you.
- Analytical Tools: FXTM has a clear advantage over N1CM in terms of analytical tools, as it offers various tools such as Autochartist, FXTM Pivot Points Strategy, FXTM Trading Signals, FXTM Market Outlook, FXTM Market Analysis Team, and FXTM Trader App. These tools help traders identify trading opportunities, monitor market trends, access expert insights, and trade on the go. N1CM does not offer any specific analytical tools but provides free educational resources to help traders improve their skills and knowledge. If you value research and education, you may prefer FXTM over N1CM.
