Compare N1CM vs NAGA
What is N1CM? What is NAGA?
N1CM is an acronym for Number One Capital Markets. It is a global online broker that was founded in 2016 and is headquartered in Seychelles. It is regulated by the Financial Services Authority of Seychelles (FSA) and provides access to over 1000 trading instruments across different markets. It aims to offer competitive trading conditions, fast execution, and excellent customer service to its clients. You can visit its website to learn more about its features, products, and promotions.
NAGA is a social trading platform that was founded in 2015 and is headquartered in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. It offers over 1000 trading instruments as well as a range of social trading features, such as copy trading, news feed, chat rooms, leaderboards, and educational resources. It also has its own native token called NGC, which can be used to reduce fees, access premium services, and participate in the NAGA ecosystem. You can visit its website to learn more about its features, products, and promotions.
N1CM vs NAGA Regulation Comparison
N1CM is regulated by the Financial Services Authority of Seychelles (FSA), while NAGA is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. This means that NAGA has a stronger regulatory status and offers more protection to its clients than N1CM.
N1CM vs NAGA Trading Assets Comparison
N1CM offers over 1000 trading instruments, including 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies, and various commodities and metals. NAGA offers over 1000 trading instruments as well, but with a wider range of stocks (over 600), ETFs (over 400), and cryptocurrencies (over 20). Both brokers offer CFD trading on these assets with leverage up to 1:1000.
N1CM vs NAGA Trading Fees Comparison
N1CM has four account types: Classic, Cent, ECN Pro, and VIP. The Classic and Cent accounts have no commission fees but higher spreads from 0.3 pips. The ECN Pro and VIP accounts have lower spreads from 0.1 pips but charge a commission fee of $6 per lot round turn. NAGA has three account types: Iron, Gold, and Diamond. The Iron account has no commission fees but higher spreads from 1.2 pips. The Gold and Diamond accounts have lower spreads from 0.7 pips but charge a commission fee of $4 per lot round turn. Both brokers also charge swap fees for holding positions overnight.
N1CM vs NAGA Account Types Comparison
N1CM has four account types: Classic, Cent, ECN Pro, and VIP. NAGA has three account types: Iron, Gold, and Diamond.
N1CM has a low minimum deposit requirement of $5 for all account types except the VIP account, which requires $50,000. NAGA has a higher minimum deposit requirement of $250 for the Iron account, $2,500 for the Gold account, and $50,000 for the Diamond account. Both brokers offer Islamic accounts for Muslim traders who want to trade without interest charges.
N1CM vs NAGA Deposit Options Comparison
N1CM supports various payment methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), and cryptocurrencies (Bitcoin, Ethereum). There are no deposit or withdrawal fees charged by the broker.
NAGA also supports various payment methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin, Ethereum), and its own native token (NGC). There are no deposit fees charged by the broker, but there are withdrawal fees depending on the method used.
N1CM vs NAGA Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms for desktop and mobile devices. These platforms are user-friendly and feature-rich, with advanced charting tools, indicators, expert advisors, and automated trading capabilities.
Additionally, NAGA offers its own proprietary web-based platform called NAGA Trader, which allows users to access social trading features such as copy trading, news feed, chat rooms, leaderboards, and educational resources.
N1CM vs NAGA Analytical Tools Comparison
Both brokers provide some analytical tools to help traders make informed decisions. For example, N1CM offers Autochartist , a tool that provides automated technical analysis and trading signals based on chart patterns and market trends.
NAGA offers Trading Central , a tool that provides market insights and recommendations based on technical analysis and fundamental research.
N1CM vs NAGA. 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 goals, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better. However, here are some possible factors that you may want to consider:
- Regulation: NAGA has a stronger regulatory status than N1CM, as it is regulated by two reputable authorities in the EU and the UK. This means that NAGA offers more protection to its clients, such as segregated accounts, compensation schemes, and dispute resolution mechanisms. If you value security and trustworthiness, you may prefer NAGA over N1CM.
- Trading Assets: Both brokers offer a wide range of trading instruments, but NAGA has a more diverse portfolio of stocks, ETFs, and cryptocurrencies. If you are interested in trading these assets, you may find more opportunities and variety with NAGA than with N1CM.
- Trading Fees: Both brokers have similar fee structures, with a combination of spreads and commissions depending on the account type. However, N1CM has lower spreads and commissions than NAGA for most account types. If you are a cost-conscious trader who wants to save on trading expenses, you may prefer N1CM over NAGA.
- Account Types: Both brokers have low minimum deposit requirements for most account types, except for the VIP or Diamond accounts, which require $50,000. However, N1CM has a lower minimum deposit requirement of $5 for all account types except the VIP account, while NAGA has a higher minimum deposit requirement of $250 for the Iron account. If you have a limited budget or want to start small, you may prefer N1CM over NAGA.
- Deposit and Withdrawal Options: Both brokers support various payment methods, such as credit/debit cards, bank wire transfers, e-wallets, and cryptocurrencies. However, N1CM does not charge any deposit or withdrawal fees, while NAGA charges withdrawal fees depending on the method used. If you want to avoid extra charges or have more flexibility in choosing your payment method, you may prefer N1CM over NAGA.
- Trading Platforms: Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms for desktop and mobile devices. These platforms are user-friendly and feature-rich, with advanced charting tools, indicators, expert advisors, and automated trading capabilities. However, NAGA also offers its own proprietary web-based platform called NAGA Trader, which allows users to access social trading features such as copy trading, news feed, chat rooms, leaderboards, and educational resources. If you want to benefit from the social aspect of trading or learn from other traders, you may prefer NAGA over N1CM.
- Analytical Tools: Both brokers provide some analytical tools to help traders make informed decisions. For example, N1CM offers Autochartist™️ , a tool that provides automated technical analysis and trading signals based on chart patterns and market trends. NAGA offers Trading Central™️ , a tool that provides market insights and recommendations based on technical analysis and fundamental research. The choice of analytical tool may depend on your trading style and preference.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You may want to test both brokers with a demo account before making a final decision. You can also read some online reviews or visit their websites to learn more about their features, products, and promotions
