Compare N1CM vs Orbex
What is N1CM? What is Orbex?
N1CM stands for Number One Capital Markets, a forex and CFD broker that is licensed and regulated by the Vanuatu Financial Services Commission (VFSC). N1CM claims to offer competitive spreads, fast execution, and a range of trading instruments, including forex, indices, commodities, shares, cryptocurrencies, and metals.
Orbex is another forex and CFD broker that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Orbex boasts a long-standing history since 2011, offering tight spreads, ultra-fast execution, and award-winning research on the MetaTrader 4 and 5 platforms. Orbex also offers trading on various assets, such as forex, cryptos, indices, stocks, commodities, and precious metals.
N1CM vs Orbex Regulation Comparison
Both N1CM and Orbex are regulated brokers, but they are subject to different jurisdictions and regulatory standards. N1CM is regulated by the VFSC, which is a relatively lenient regulator that does not impose strict requirements on capital adequacy, investor protection, or reporting standards.
Orbex is regulated by the CySEC, which is a more reputable regulator that follows the European Union’s MiFID II directive, which sets high standards for transparency, security, and customer protection. CySEC also participates in the Investor Compensation Fund (ICF), which covers up to 20,000 euros per client in case of broker insolvency.
N1CM vs Orbex Trading Assets Comparison
Both N1CM and Orbex offer a wide range of trading assets for their clients, but there are some differences in their offerings. N1CM offers over 60 forex pairs, 11 indices, 4 commodities, 50 shares, 5 cryptocurrencies, and 2 metals. Orbex offers over 50 forex pairs, 10 indices, 4 commodities, 120 shares (including ETFs), 5 cryptocurrencies, and 2 metals.
N1CM vs Orbex Trading Fees Comparison
Both N1CM and Orbex charge fees for their trading services, but they have different fee structures and levels. N1CM charges variable spreads from 0.1 pips on its ECN account and fixed spreads from 2 pips on its Standard account. N1CM also charges commissions of $10 per lot on its ECN account and no commissions on its Standard account. Orbex charges variable spreads from 0 pips on its Zero Spread account and fixed spreads from 0.8 pips on its Fixed account. Orbex also charges commissions of $10 per lot on its Zero Spread account and no commissions on its Fixed account.
N1CM vs Orbex Account Types Comparison
Both N1CM and Orbex offer different types of accounts for their clients, depending on their trading preferences and needs. N1CM offers two main types of accounts: Standard and ECN. The Standard account has a minimum deposit of $5 and offers fixed spreads from 2 pips with no commissions. The ECN account has a minimum deposit of $1000 and offers variable spreads from 0.1 pips with commissions of $10 per lot.
Orbex offers four main types of accounts: Fixed, Starter (variable), Premium (variable), and Zero Spread (variable). The Fixed account has a minimum deposit of $200 and offers fixed spreads from 0.8 pips with no commissions. The Starter account has a minimum deposit of $200 and offers variable spreads from 1.5 pips with no commissions. The Premium account has a minimum deposit of $5000 and offers variable spreads from 0.9 pips with no commissions. The Zero Spread account has a minimum deposit of $500 and offers variable spreads from 0 pips with commissions of $10 per lot.
N1CM vs Orbex Deposit Options Comparison
Both N1CM and Orbex offer various deposit and withdrawal options for their clients to fund their accounts and withdraw their profits. N1CM accepts deposits via credit/debit cards (Visa, Mastercard), wire transfer, e-wallets (FasaPay, Perfect Money, Sticpay), and cryptocurrencies (Bitcoin, Ethereum). N1CM does not charge any fees for deposits or withdrawals, but third-party fees may apply. The minimum deposit amount is $5 and the minimum withdrawal amount is $10.
Orbex accepts deposits via credit/debit cards (Visa, Mastercard), wire transfer, e-wallets (Skrill, Neteller, WebMoney), and cryptocurrencies (Bitcoin). Orbex does not charge any fees for deposits or withdrawals, but third-party fees may apply. The minimum deposit amount is $200 and the minimum withdrawal amount is $50.
N1CM vs Orbex Trading Platforms Comparison
Both N1CM and Orbex use the popular MetaTrader 4 and MetaTrader 5 platforms as their main trading platforms. These platforms are widely used by traders around the world for their user-friendly interface, advanced charting tools, custom indicators, automated trading with expert advisors (EAs), and market news and analysis. Both brokers also offer mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go .
N1CM vs Orbex Analytical Tools Comparison
Both N1CM and Orbex provide various analytical tools for their clients to enhance their trading performance and decision making. N1CM offers daily market analysis, trading signals, economic calendar, forex calculators, and educational resources on its website and blog. N1CM also partners with Autochartist, a leading provider of technical analysis tools, automated trading signals, and chart patterns.
Orbex offers daily market analysis, trading signals, economic calendar, forex calculators, webinars, podcasts, ebooks, and educational resources on its website and blog. Orbex also partners with Trading Central, another leading provider of technical analysis tools, trading signals, and market insights.
N1CM vs Orbex. 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 broker is better, as different brokers may suit different traders.
N1CM and Orbex are both online brokers that offer forex and CFD trading services, but they have some notable differences in their regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Ultimately , the best broker for you is the one that meets your trading needs and goals .
