Compare N1CM vs Globex360
What is N1CM? What is Globex360?
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.
Globex360 is a South African forex and CFD broker established in 2017 and regulated by the Financial Sector Conduct Authority (FSCA). The broker provides trading on over 200 instruments via the MetaTrader 4 platform .
N1CM vs Globex360 Regulation Comparison
N1CM is licensed and regulated by the Vanuatu Financial Services Commission (VFSC), which is considered a weak regulatory authority in terms of investor protection. N1CM does not offer negative balance protection or segregated client funds.
Globex360 is authorized and regulated by the FSCA, which is a reputable regulatory body that enforces strict rules and standards for forex brokers operating in South Africa . Globex360 offers negative balance protection and segregated client funds.
N1CM vs Globex360 Trading Assets Comparison
N1CM offers trading on 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies, and 4 commodities . The broker does not offer trading on metals or ETFs.
Globex360 offers trading on 60 forex pairs, 100 stocks, 15 indices, 6 cryptocurrencies, 6 commodities, 4 metals, and 10 ETFs . The broker has a wider range of trading assets than N1CM.
N1CM vs Globex360 Trading Fees Comparison
N1CM offers four types of accounts: Classic, Cent, ECN, and ECN Pro. The minimum deposit for the Classic and Cent accounts is $5, while the minimum deposit for the ECN and ECN Pro accounts is $100 and $500 respectively. The spreads for the Classic account start from 1.6 pips, while the spreads for the ECN and ECN Pro accounts start from 0.1 pips with a commission of $6 and $4 per lot respectively. N1CM does not charge any deposit or withdrawal fees.
Globex360 offers three types of accounts: Standard, Premium, and VIP. The minimum deposit for the Standard account is $250, while the minimum deposit for the Premium and VIP accounts is $2,500 and $20,000 respectively. The spreads for the Standard account start from 0.9 pips, while the spreads for the Premium and VIP accounts start from 0.6 pips and 0.3 pips respectively. Globex360 does not charge any deposit fees, but charges a withdrawal fee of $20 for bank transfers.
N1CM vs Globex360 Account Types Comparison
N1CM offers four types of accounts: Classic, Cent, ECN, and ECN Pro. The Classic account is suitable for beginners who want to trade with fixed spreads and no commission. The Cent account is designed for traders who want to trade with micro lots and low risk. The ECN account is ideal for experienced traders who want to trade with variable spreads and low commission. The ECN Pro account is tailored for professional traders who want to trade with tight spreads and ultra-low commission.
Globex360 offers three types of accounts: Standard, Premium, and VIP. The Standard account is suitable for beginners who want to trade with low minimum deposit and no commission. The Premium account is designed for intermediate traders who want to trade with lower spreads and higher leverage. The VIP account is ideal for advanced traders who want to trade with tight spreads, high leverage, and personalized services.
N1CM vs Globex360 Deposit Options Comparison
N1CM supports a variety of deposit and withdrawal methods, including bank transfer, credit/debit cards, e-wallets, cryptocurrencies, local bank transfers, and online payment systems. The processing time for deposits is instant or within one business day, while the processing time for withdrawals is within one business day or up to five business days depending on the method.
Globex360 supports fewer deposit and withdrawal methods than N1CM, including bank transfer, credit/debit cards, Skrill, Neteller, Bitcoin Payments (BTC), Ether/Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The processing time for deposits is instant or within one business day, while the processing time for withdrawals is within one business day or up to seven business days depending on the method.
N1CM vs Globex360 Trading Platforms Comparison
N1CM offers both MetaTrader 4 and MetaTrader 5 platforms, which are the most popular and award-winning trading platforms in the world. The platforms are available to use on the web, on desktop, and on mobile devices. The platforms offer advanced charting tools, technical indicators, automated trading with expert advisors, market news, and signals.
Globex360 offers only MetaTrader 4 platform, which is the most widely used trading platform in the world. The platform is available to use on the web, on desktop, and on mobile devices. The platform offers similar features as N1CM’s platforms, such as charting tools, technical indicators, automated trading with expert advisors, market news, and signals.
N1CM vs Globex360 Analytical Tools Comparison
N1CM provides various analytical tools for its clients, such as Autochartist, which is a powerful technical analysis tool that scans the market for trading opportunities and provides automated trading signals and chart patterns. N1CM also offers an economic calendar, a market news section, and a blog with educational articles and analysis.
Globex360 does not provide any analytical tools for its clients, except for an economic calendar and a market news section. The broker does not offer any third-party tools or services such as Autochartist or Trading Central. Globex360 also does not have a blog or an education center.
N1CM vs Globex360. 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 as to which broker is better, as different brokers may have different advantages and disadvantages for different traders. However, here are some general guidelines that can help you make an informed choice.
- If you are looking for a broker that is regulated by a reputable authority and offers negative balance protection and segregated client funds, you may prefer Globex360 over N1CM. Globex360 is authorized and regulated by the FSCA, which is a strict and reliable regulator that enforces high standards for forex brokers operating in South Africa . N1CM is licensed and regulated by the VFSC, which is considered a weak regulator that does not offer much investor protection.
- If you are looking for a broker that offers a wide range of trading assets and instruments, you may prefer Globex360 over N1CM. Globex360 provides trading on over 200 instruments, including forex pairs, stocks, indices, cryptocurrencies, commodities, metals, and ETFs . N1CM offers trading on nearly 100 instruments, but does not offer trading on metals or ETFs.
- If you are looking for a broker that offers low trading fees and flexible account types, you may prefer N1CM over Globex360. N1CM offers four types of accounts with low minimum deposits and competitive spreads and commissions. The Classic account has fixed spreads from 1.6 pips and no commission, while the ECN and ECN Pro accounts have variable spreads from 0.1 pips and low commissions of $6 and $4 per lot respectively. N1CM also does not charge any deposit or withdrawal fees. Globex360 offers three types of accounts with higher minimum deposits and higher spreads. The Standard account has variable spreads from 0.9 pips and no commission, while the Premium and VIP accounts have lower spreads from 0.6 pips and 0.3 pips respectively. Globex360 also charges a withdrawal fee of $20 for bank transfers.
- If you are looking for a broker that offers both MetaTrader 4 and MetaTrader 5 platforms, you may prefer N1CM over Globex360. N1CM provides both platforms, which are the most popular and award-winning trading platforms in the world. The platforms offer advanced charting tools, technical indicators, automated trading with expert advisors, market news, and signals. Globex360 only offers MetaTrader 4 platform, which is the most widely used trading platform in the world. The platform offers similar features as N1CM’s platforms, but does not support MetaTrader 5 platform.
- If you are looking for a broker that provides analytical tools and educational resources, you may prefer N1CM over Globex360. N1CM offers various analytical tools for its clients, such as Autochartist, which is a powerful technical analysis tool that scans the market for trading opportunities and provides automated trading signals and chart patterns. N1CM also has an economic calendar, a market news section, and a blog with educational articles and analysis. Globex360 does not offer any analytical tools or services for its clients, except for an economic calendar and a market news section. The broker does not have a blog or an education center.
