Compare N1CM vs LQDFX
What is N1CM? What is LQDFX?
N1CM stands for Number One Capital Markets, a 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. The brokerage also offers a range of account types including a raw spread account with low commission fees, which will appeal to active forex traders.
LQDFX is a forex and CFD broker headquartered in the Marshall Islands. Established in 2015, the firm offers over 70 instruments with high leverage up to 1:500, tight spreads from 0 pips and fast execution speeds. LQDFX also stands out for its full STP execution, no conflict of interest policy and 24/5 customer support.
N1CM vs LQDFX Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC), which is considered a weak and offshore regulator that does not provide much protection or oversight for traders. N1CM does not have any other licenses from reputable authorities such as the FCA, CySEC or ASIC.
LQDFX is also an unregulated broker that does not hold any licenses from major regulators. The broker is registered in the Marshall Islands, which is a popular offshore destination for forex brokers that want to avoid strict regulation and compliance. LQDFX does not offer any compensation schemes or segregation of funds for its clients.
N1CM vs LQDFX Trading Assets Comparison
N1CM offers trading on nearly 100 instruments across six asset classes: forex, indices, commodities, shares, cryptocurrencies and metals. The broker has a decent selection of currency pairs, including majors, minors and exotics, as well as popular commodities such as gold, oil and natural gas. However, the number of shares and cryptos is limited compared to some competitors.
LQDFX offers trading on over 70 instruments across five asset classes: forex, commodities, indices, cryptos and stocks. The broker has a similar range of currency pairs and commodities as N1CM, but a smaller number of indices and stocks. The broker also offers more cryptos than N1CM, including Bitcoin Cash, Ethereum Classic and Dash.
N1CM vs LQDFX Trading Fees Comparison
N1CM has four account types: Classic, Cent, ECN and VIP. The Classic account has no commission fees but wide spreads from 2 pips. The Cent account is designed for beginners who want to trade with micro lots and low deposits. The ECN account has low spreads from 0.3 pips but charges $7 per lot commission. The VIP account has the lowest spreads from 0.1 pips but requires a minimum deposit of $25,000 and charges $5 per lot commission.
LQDFX has five account types: Micro, Gold, ECN, VIP and Islamic. The Micro account has no commission fees but high spreads from 1 pip. The Gold account has lower spreads from 0.7 pips but charges $3 per lot commission. The ECN account has the lowest spreads from 0 pips but charges $3.5 per lot commission. The VIP account has the same conditions as the ECN account but requires a minimum deposit of $25,000. The Islamic account is swap-free for Muslim traders.
N1CM vs LQDFX Account Types Comparison
N1CM has four account types: Classic, Cent, ECN and VIP. LQDFX has five account types: Micro, Gold, ECN, VIP and Islamic.
N1CM has a minimum deposit requirement of $5 for all account types except the VIP account, which requires $25,000. The broker also offers a welcome bonus of 35% on the first deposit up to $5,000 for all account types except the Cent account.
LQDFX has a minimum deposit requirement of $20 for the Micro account, $500 for the Gold and Islamic accounts, $500 for the ECN account and $25,000 for the VIP account. The broker does not offer any deposit bonuses or promotions.
N1CM vs LQDFX Deposit Options Comparison
N1CM supports various payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, e-wallets (FasaPay, Perfect Money) and cryptocurrencies (Bitcoin, Ethereum). The broker does not charge any fees for deposits or withdrawals.
LQDFX supports fewer payment methods than N1CM, including credit/debit cards, bank transfers and cryptocurrencies (Bitcoin). The broker does not charge any fees for deposits but charges a fee of $40 for bank transfer withdrawals.
N1CM vs LQDFX Trading Platforms Comparison
N1CM offers both MetaTrader 4 and MetaTrader 5 platforms, which are the most popular and widely used trading platforms in the forex industry. The platforms are available for desktop, web and mobile devices. The platforms offer advanced charting tools, technical indicators, automated trading with expert advisors, one-click trading, depth of market and more.
LQDFX only offers MetaTrader 4 platform, which is the older version of MetaTrader 5. The platform is also available for desktop, web and mobile devices. The platform has similar features as MetaTrader 5, but lacks some functionalities such as more timeframes, more order types, more indicators and more instruments.
N1CM vs LQDFX Analytical Tools Comparison
N1CM provides some analytical tools for its clients, such as economic calendar, market news, trading signals and market analysis. The broker also offers free educational resources, such as beginners course, trading tools and trading strategies.
LQDFX does not provide any analytical tools for its clients, except for an economic calendar. The broker also does not offer any educational resources or materials on its website.
N1CM vs LQDFX. 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 each broker has its own advantages and disadvantages. Both N1CM and LQDFX have their own pros and cons that can suit different traders with different needs and preferences.
However, N1CM has a slight edge over LQDFX in terms of regulation (although both are unregulated), trading assets (although both have a reasonable range), transaction fees (although both have different account types), account types (although both have different minimum deposit amounts), deposit and withdrawal options (although both support different methods) , trading platforms (although both offer MetaTrader 4) and analytical tools (although both offer some). However, you should do your own research and due diligence before choosing a forex broker that suits your trading style and goals.
