Compare N1CM vs MTrading
What is N1CM? What is MTrading?
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.
MTrading is a forex and CFD broker founded in 2013 and based in Belize. The brand offers low spreads, fast execution, negative balance protection, and instant withdrawals on over 100 instruments via the MetaTrader 4 platform.
N1CM vs MTrading Regulation Comparison
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 15008. MTrading is regulated by the International Financial Services Commission (IFSC) of Belize under license number IFSC/60/270/TS/14. Both brokers are considered to have weak regulatory status compared to brokers licensed by more reputable authorities such as the FCA or ASIC
N1CM vs MTrading Trading Assets Comparison
N1CM offers trading on 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies, and 8 metals. MTrading offers trading on 38 forex pairs, 28 stocks, 10 indices, 5 cryptocurrencies, and 20 commodities. Both brokers have a similar range of trading assets, but MTrading has more variety in commodities while N1CM has more variety in metals.
N1CM vs MTrading Trading Fees Comparison
N1CM has four account types: Classic, Cent, ECN Pro, and ECN VIP. The minimum deposit for the Classic and Cent accounts is $5, while the minimum deposit for the ECN Pro and ECN VIP accounts is $500 and $10,000 respectively. The spreads for the Classic account start from 1.3 pips, while the spreads for the other accounts start from 0.1 pips with a commission fee of $7 per lot for the ECN Pro account and $5 per lot for the ECN VIP account.
MTrading has two account types: Standard and Pro. The minimum deposit for both accounts is $100. The spreads for the Standard account start from 0.9 pips with no commission fee, while the spreads for the Pro account start from 0 pips with a commission fee of $3 per lot.
N1CM vs MTrading Account Types Comparison
N1CM has four account types: Classic, Cent, ECN Pro, and ECN VIP.
MTrading has two account types: Standard and Pro.
The minimum deposit for the Classic and Cent accounts of N1CM is $5, while the minimum deposit for the ECN Pro and ECN VIP accounts is $500 and $10,000 respectively. The minimum deposit for both accounts of MTrading is $100.
N1CM vs MTrading Deposit Options Comparison
N1CM offers a variety of deposit and withdrawal options such as bank cards, wire transfers, e-wallets, and cryptocurrencies. The broker does not charge any fees for deposits or withdrawals. MTrading also offers a variety of deposit and withdrawal options such as bank cards, wire transfers, e-wallets, local banks, and cryptocurrencies. The broker does not charge any fees for deposits or withdrawals either.
N1CM vs MTrading Trading Platforms Comparison
- N1CM offers both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices.
- MTrading only offers MetaTrader 4 platform for desktop, web, and mobile devices.
- Both platforms are popular and powerful, but MetaTrader 5 has some advantages over MetaTrader 4 such as:
- more timeframes
- more indicators
- more order types
- more execution modes
- more graphical objects
- embedded economic calendar
- multi-threaded strategy tester
- exchange trading support
- embedded MQL5.community chat.
N1CM vs MTrading Analytical Tools Comparison
N1CM provides free educational resources such as articles, videos, webinars, e-books, glossary, and FAQs on its website. The broker also offers a welcome bonus of up to 35% on the first deposit and a re-deposit bonus of up to 25% on subsequent deposits.
MTrading provides free educational resources such as articles, videos, webinars, e-books, glossary, FAQs, market analysis, and trading signals on its website. The broker also offers a deposit bonus of up to 200% on any amount deposited.
N1CM vs MTrading. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and budget. You should compare the features and benefits of each broker and decide which broker suits you best. You can also read online reviews and ratings from other traders to get their opinions and experiences. Ultimately, the best forex broker for you is the one that meets your expectations and helps you achieve your trading goals.
