Compare N1CM vs LMFX
What is N1CM? What is LMFX?
N1CM stands for Number One Capital Markets, a broker that was launched in 2017 and is based in Vanuatu. It offers trading on nearly 100 instruments via the MetaTrader 4 and MetaTrader 5 platforms, with high leverage up to 1:1000 and low spreads from 0.1 pips.
LMFX is a broker that was established in 2015 and is based in Macedonia. It offers trading on over 250 instruments via the MetaTrader 4 platform, with high leverage up to 1:1000 and low spreads from 0.2 pips.
N1CM vs LMFX Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is a relatively weak and offshore regulator that does not provide much protection or oversight for traders.
LMFX is not regulated by any reputable authority, which means that it operates without any legal supervision or accountability. This poses a high risk for traders who may not be able to recover their funds in case of disputes or insolvency.
N1CM vs LMFX Trading Assets Comparison
N1CM offers trading on 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies, and 8 commodities and metals.
LMFX offers trading on over 50 forex pairs, over 100 stocks, 10 indices, 5 cryptocurrencies, and over 80 commodities and metals.
N1CM vs LMFX Trading Fees Comparison
N1CM charges variable spreads depending on the account type and market conditions. The classic account has spreads from 0.3 pips, the ECN account has spreads from 0.1 pips plus a commission of $5 per lot, and the VIP account has spreads from 0.2 pips plus a commission of $3 per lot.
LMFX charges variable spreads depending on the account type and market conditions. The premium account has spreads from 0.2 pips, the fixed account has fixed spreads from 1.8 pips, and the zero account has spreads from 0 pips plus a commission of $8 per lot.
N1CM vs LMFX Account Types Comparison
N1CM offers three account types: classic, ECN, and VIP. The minimum deposit for all accounts is $5, and the maximum leverage is 1:1000 for all accounts except the VIP account which has a leverage of 1:400. The classic account is suitable for beginners, the ECN account is suitable for scalpers and active traders, and the VIP account is suitable for professional traders who can deposit at least $25,000.
LMFX offers three account types: premium, fixed, and zero. The minimum deposit for all accounts is $50, and the maximum leverage is 1:1000 for all accounts. The premium account is suitable for most traders, the fixed account is suitable for traders who prefer fixed spreads, and the zero account is suitable for traders who prefer tight spreads and low commissions.
N1CM vs LMFX Deposit Options Comparison
N1CM offers various deposit and withdrawal options such as credit/debit cards, bank wire transfers, Bitcoin payments, Skrill, Neteller, FasaPay, Perfect Money, WebMoney, QIWI Wallet, Yandex Money, Payeer, AdvCash, UnionPay China Online Banking (CUP), Ngan Luong (Vietnam), DragonPay (Philippines), Doku (Indonesia), Help2Pay (Thailand), PayTrust88 (Malaysia), PayRetailers (Latin America), SticPay (Global), AstroPay Card (Latin America), AstroPay Direct (Latin America), CashU (Middle East & North Africa), PaySafeCard (Europe & UK). There are no fees or commissions charged by N1CM for deposits or withdrawals.
LMFX offers various deposit and withdrawal options such as credit/debit cards, bank wire transfers, Bitcoin payments, Skrill, Neteller, FasaPay. There are no fees or commissions charged by LMFX for deposits or withdrawals.
N1CM vs LMFX Trading Platforms Comparison
N1CM offers both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. These platforms are popular among traders for their advanced features such as charting tools, indicators, expert advisors, scripts, signals, market news, economic calendar, etc.
LMFX only offers MetaTrader 4 platform for desktop, web, and mobile devices. This platform is also widely used by traders for its user-friendly interface and powerful functionalities such as charting tools, indicators, expert advisors, scripts, signals, market news, economic calendar, etc.
N1CM vs LMFX Analytical Tools Comparison
N1CM provides various analytical tools for traders such as Autochartist, which is a software that scans the market for trading opportunities based on technical analysis and chart patterns. N1CM also offers free educational resources such as webinars, videos, articles, e-books, etc.
LMFX provides various analytical tools for traders such as one-click trading, trading calculators, VPS hosting, and daily market analysis. LMFX also offers free educational resources such as webinars, videos, articles, e-books, etc.
N1CM vs LMFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. However, based on the information I have provided, you can compare N1CM and LMFX on some important criteria such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools.
- Regulation: N1CM is regulated by the VFSC, which is a weak and offshore regulator that does not offer much protection or oversight for traders. LMFX is not regulated by any reputable authority, which means that it operates without any legal supervision or accountability. This poses a high risk for traders who may not be able to recover their funds in case of disputes or insolvency. Therefore, neither broker is very trustworthy or reliable in terms of regulation.
- Trading Assets: N1CM offers trading on nearly 100 instruments, while LMFX offers trading on over 250 instruments. This means that LMFX has a wider range of trading opportunities and diversification options for traders. However, the quality and liquidity of the instruments may vary depending on the market conditions and the broker’s execution.
- Trading Fees: N1CM and LMFX both charge variable spreads depending on the account type and market conditions. The classic account of N1CM has spreads from 0.3 pips, while the premium account of LMFX has spreads from 0.2 pips. The ECN account of N1CM has spreads from 0.1 pips plus a commission of $5 per lot, while the zero account of LMFX has spreads from 0 pips plus a commission of $8 per lot. The VIP account of N1CM has spreads from 0.2 pips plus a commission of $3 per lot, while the fixed account of LMFX has fixed spreads from 1.8 pips. Therefore, the trading fees may vary depending on the account type and the trading volume of the traders.
- Account Types: N1CM and LMFX both offer three account types with different features and requirements. The minimum deposit for all accounts of N1CM is $5, while the minimum deposit for all accounts of LMFX is $50. The maximum leverage for all accounts of N1CM and LMFX is 1:1000, except for the VIP account of N1CM which has a leverage of 1:400. The classic account of N1CM is suitable for beginners, while the premium account of LMFX is suitable for most traders. The ECN account of N1CM is suitable for scalpers and active traders, while the zero account of LMFX is suitable for traders who prefer tight spreads and low commissions. The VIP account of N1CM is suitable for professional traders who can deposit at least $25,000, while the fixed account of LMFX is suitable for traders who prefer fixed spreads.
- Deposit and Withdrawal Options: N1CM and LMFX both offer various deposit and withdrawal options such as credit/debit cards, bank wire transfers, Bitcoin payments, Skrill, Neteller, FasaPay. However, N1CM also offers more payment methods such as Perfect Money, WebMoney, QIWI Wallet, Yandex Money, Payeer, AdvCash, UnionPay China Online Banking (CUP), Ngan Luong (Vietnam), DragonPay (Philippines), Doku (Indonesia), Help2Pay (Thailand), PayTrust88 (Malaysia), PayRetailers (Latin America), SticPay (Global), AstroPay Card (Latin America), AstroPay Direct (Latin America), CashU (Middle East & North Africa), PaySafeCard (Europe & UK). Therefore, N1CM has more convenience and flexibility for traders who want to deposit and withdraw their funds using different currencies and regions.
- Trading Platforms: N1CM offers both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. These platforms are popular among traders for their advanced features such as charting tools, indicators, expert advisors, scripts, signals, market news, economic calendar, etc. LMFX only offers MetaTrader 4 platform for desktop, web, and mobile devices. This platform is also widely used by traders for its user-friendly interface and powerful functionalities such as charting tools, indicators, expert advisors, scripts, signals, market news, economic calendar, etc. Therefore, both brokers provide good trading platforms for traders who want to access the market from different devices and platforms.
- Analytical Tools: N1CM provides Autochartist as an analytical tool for traders who want to scan the market for trading opportunities based on technical analysis and chart patterns. N1CM also offers free educational resources such as webinars, videos, articles, e-books, etc. LMFX provides one-click trading, trading calculators, VPS hosting, and daily market analysis as analytical tools for traders who want to enhance their trading performance and efficiency. LMFX also offers free educational resources such as webinars, videos, articles, e-books, etc. Therefore, both brokers provide useful analytical tools and educational resources for traders who want to improve their trading skills and knowledge.
Ultimately, the best forex broker for you depends on your personal preferences and goals. You should also consider other factors such as customer service, reputation, security, and user reviews before choosing a broker.
