Compare N1CM vs Markets.com
What is N1CM? What is Markets.com?
N1CM is a trading name of Number One Capital Markets, a forex and CFD broker launched in 2017 and based in Vanuatu. The broker offers trading on nearly 100 instruments via the MetaTrader 4 and MetaTrader 5 platforms.
Markets.com is a trading name of Safecap Investments Limited, a forex and CFD broker founded in 2008 and based in Cyprus. The broker offers trading on over 2,200 instruments via its own web-based platform and the MetaTrader 4 and MetaTrader 5 platforms.
N1CM vs Markets.com Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 15008. This is a weak regulatory status as Vanuatu is an offshore jurisdiction with low standards of oversight and investor protection.
Markets.com is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA) of the UK. These are reputable regulators that impose strict rules and high standards of security and transparency.
N1CM vs Markets.com Trading Assets Comparison
N1CM offers trading on nearly 100 instruments, including 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies, and 4 commodities. This is a limited selection compared to most competitors.
Markets.com offers trading on over 2,200 instruments, including over 50 forex pairs, over 2,000 stocks, over 25 indices, over 20 cryptocurrencies, over 15 commodities, over 60 ETFs, and over 40 bonds. This is a very wide selection that covers most of the global markets.
N1CM vs Markets.com Trading Fees Comparison
N1CM charges variable spreads and commissions depending on the account type. The Classic account has no commission but higher spreads from 0.3 pips. The ECN account has lower spreads from 0.1 pips but a commission of $6 per lot round turn. The Cent account has no commission but wider spreads from 0.8 pips.
Markets.com charges variable spreads and no commission for most instruments. The spreads vary depending on the market conditions and the instrument type. The average spread for EUR/USD is 0.6 pips, for US Tech 100 is 1 point, for gold is 0.37 points, and for Bitcoin is $30.
N1CM vs Markets.com Account Types Comparison
N1CM offers three account types: Classic, ECN, and Cent. The Classic account requires a minimum deposit of $5 and offers leverage up to 1:1000. The ECN account requires a minimum deposit of $500 and offers leverage up to 1:500. The Cent account requires a minimum deposit of $5 and offers leverage up to 1:1000 but with smaller lot sizes.
Markets.com offers two account types: Retail and Professional. The Retail account requires a minimum deposit of $100 and offers leverage up to 1:30 for major forex pairs, up to 1:20 for minor forex pairs, gold, and major indices, up to 1:10 for commodities other than gold and non-major equity indices, up to 1:5 for shares and ETFs, and up to 1:2 for cryptocurrencies. The Professional account requires meeting certain criteria such as trading volume, experience, and portfolio size, and offers leverage up to 1:300 for major forex pairs, up to 1:200 for minor forex pairs, gold, and major indices, up to 1:100 for commodities other than gold and non-major equity indices, up to 1:20 for shares and ETFs, and up to 1:10 for cryptocurrencies.
N1CM vs Markets.com Deposit Options Comparison
N1CM supports various deposit and withdrawal options such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin, Ethereum), Perfect Money, WebMoney, FasaPay, Payeer, QIWI Wallet. There are no fees for deposits or withdrawals.
Markets.com supports fewer deposit and withdrawal options such as credit/debit cards (Visa/Mastercard), bank wire transfers, e-wallets (Skrill/Neteller), PayPal. There are no fees for deposits or withdrawals.
N1CM vs Markets.com Trading Platforms Comparison
N1CM provides both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. These are popular and award-winning platforms that offer advanced charting, technical analysis, automated trading, and custom indicators.
Markets.com provides its own web-based platform as well as MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. The web-based platform is user-friendly and intuitive, and offers features such as trading cubes, events and trade, blended analysis, and advanced charting.
N1CM vs Markets.com Analytical Tools Comparison
N1CM offers Autochartist as a free analytical tool for its clients. Autochartist is a powerful technical analysis tool that provides automated trading signals, chart patterns, and market insights.
Markets.com offers Trading Central as a free analytical tool for its clients. Trading Central is a leading provider of market research, technical analysis, and trading signals that help traders make informed decisions.
N1CM vs Markets.com. 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 consider when choosing between N1CM and Markets.com:
- Regulation: Markets.com has a stronger regulatory status than N1CM, as it is regulated by multiple reputable authorities that ensure high standards of security and transparency. N1CM is regulated by a weak offshore regulator that may not offer adequate protection or recourse for traders. If you value safety and reliability, you may prefer Markets.com over N1CM.
- Trading Assets: Markets.com has a much wider selection of trading instruments than N1CM, covering most of the global markets. N1CM has a limited selection of instruments, mainly focusing on forex and stocks. If you want to diversify your portfolio and access more trading opportunities, you may prefer Markets.com over N1CM.
- Trading Fees: Both brokers charge variable spreads and no commission for most instruments, but the spreads may vary depending on the market conditions and the instrument type. N1CM also offers an ECN account that charges lower spreads but a commission of $6 per lot round turn. You may want to compare the spreads and commissions for the instruments you are interested in trading and see which broker offers more competitive pricing.
- Account Types: Both brokers offer different account types that cater to different levels of traders. N1CM offers three account types: Classic, ECN, and Cent. The Classic and Cent accounts require a low minimum deposit of $5 and offer high leverage up to 1:1000, but with wider spreads. The ECN account requires a higher minimum deposit of $500 and offers lower leverage up to 1:500, but with lower spreads and a commission. Markets.com offers two account types: Retail and Professional. The Retail account requires a low minimum deposit of $100 and offers lower leverage up to 1:30 for major forex pairs, in line with the EU regulations. The Professional account requires meeting certain criteria such as trading volume, experience, and portfolio size, and offers higher leverage up to 1:300 for major forex pairs. You may want to choose an account type that matches your trading capital, risk appetite, and experience level.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal options such as credit/debit cards, bank wire transfers, e-wallets, and cryptocurrencies. However, N1CM supports more options than Markets.com, such as Perfect Money, WebMoney, FasaPay, Payeer, QIWI Wallet. Both brokers do not charge any fees for deposits or withdrawals. You may want to choose a broker that supports your preferred payment method and currency.
- Trading Platforms: Both brokers provide MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. These are popular and award-winning platforms that offer advanced charting, technical analysis, automated trading, and custom indicators. Markets.com also provides its own web-based platform that is user-friendly and intuitive, and offers features such as trading cubes, events and trade, blended analysis, and advanced charting. You may want to try out the different platforms and see which one suits your trading style and preferences.
- Analytical Tools: Both brokers offer free analytical tools for their clients. N1CM offers Autochartist, a powerful technical analysis tool that provides automated trading signals, chart patterns, and market insights. Markets.com offers Trading Central, a leading provider of market research, technical analysis, and trading signals that help traders make informed decisions.