Compare N1CM vs RoboMarkets
What is N1CM? What is RoboMarkets?
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.
RoboMarkets is a European broker regulated by the CySEC, founded in 2013 and based in Cyprus. The broker provides access to over 12,000 instruments, including stocks, indices, forex, metals, commodities and cryptocurrencies, through the MetaTrader 4, MetaTrader 5 and R StocksTrader platforms.
N1CM vs RoboMarkets 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 financial oversight and investor protection.
RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 191/13. This is a strong regulatory status as Cyprus is a member of the European Union and follows the MiFID II directive, which ensures high standards of financial transparency and client protection.
N1CM vs RoboMarkets Trading Assets Comparison
N1CM offers trading on nearly 100 instruments, including 50 forex pairs, 26 stocks, 9 indices, 5 cryptocurrencies and 8 metals. RoboMarkets offers trading on over 12,000 instruments, including more than 3,000 stocks, over 50 forex pairs, over 10 indices, over 20 cryptocurrencies, over 10 metals, over 10 energy commodities and over 10 soft commodities.
N1CM vs RoboMarkets Trading Fees Comparison
N1CM charges variable spreads from 0.3 pips on forex pairs and no commission on its Classic account. On its ECN account, the broker charges raw spreads from 0 pips on forex pairs and a commission of $4 per lot round turn.
RoboMarkets charges variable spreads from 1.3 pips on forex pairs and no commission on its Pro account. On its Prime account, the broker charges raw spreads from 0 pips on forex pairs and a commission of $4 per lot round turn. Both brokers charge swap fees for holding positions overnight and may charge inactivity fees for dormant accounts.
N1CM vs RoboMarkets Account Types Comparison
N1CM offers four types of accounts: Classic, ECN, Cent and Islamic. The Classic account has a minimum deposit of $5 and offers leverage up to 1:1000. The ECN account has a minimum deposit of $100 and offers leverage up to 1:500. The Cent account has a minimum deposit of $5 and offers leverage up to 1:1000 with micro lots. The Islamic account has a minimum deposit of $100 and offers swap-free trading for Muslim clients.
RoboMarkets offers five types of accounts: Pro, Prime, ECN, R StocksTrader and ISK. The Pro account has a minimum deposit of $100 and offers leverage up to 1:2000. The Prime account has a minimum deposit of $100 and offers leverage up to 1:300. The ECN account has a minimum deposit of $100 and offers leverage up to 1:300 with market execution. The R StocksTrader account has a minimum deposit of $100 and offers leverage up to 1:20 with zero commission on certain US stocks. The ISK account has a minimum deposit of $500 and offers leverage up to 1:20 with zero commission on US stocks and ETFs for Swedish clients.
N1CM vs RoboMarkets Deposit Options Comparison
N1CM supports various deposit and withdrawal options, including credit/debit cards, bank wire transfers, Skrill, Neteller, FasaPay, Perfect Money, WebMoney and cryptocurrencies. The broker does not charge any fees for deposits or withdrawals.
RoboMarkets supports various deposit and withdrawal options, including credit/debit cards, bank wire transfers, Skrill, Neteller, WebMoney, AdvCash, ecoPayz and cryptocurrencies. The broker does not charge any fees for deposits or withdrawals twice a month.
N1CM vs RoboMarkets Trading Platforms Comparison
N1CM provides both MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices. These platforms are popular among traders for their advanced charting tools, technical indicators, automated trading systems and market signals.
RoboMarkets also provides both MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices. In addition, the broker offers its own proprietary web platform R StocksTrader for stock trading with zero commission on certain instruments.
N1CM vs RoboMarkets Analytical Tools Comparison
N1CM offers various analytical tools for its clients, such as economic calendar, market news, trading signals from MQL5 community, Autochartist technical analysis tool and VPS service.
RoboMarkets also offers various analytical tools for its clients, such as economic calendar, market news, trading signals from MQL5 community, Autochartist technical analysis tool, R Trader Strategy Builder and VPS service.
N1CM vs RoboMarkets. 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. However, you can compare N1CM and RoboMarkets on some key aspects and decide which one meets your needs better. Here are some possible criteria to consider:
- Regulation: RoboMarkets has a stronger regulatory status than N1CM, as it is licensed by the CySEC, which is a reputable regulator in the EU. N1CM is regulated by the VFSC, which is an offshore authority with low standards of oversight and protection. If you value security and reliability, you may prefer RoboMarkets over N1CM.
- Trading Assets: RoboMarkets offers a much wider range of trading instruments than N1CM, as it covers over 12,000 assets across various markets, including stocks, indices, forex, metals, commodities and cryptocurrencies. N1CM offers only about 100 instruments, mostly forex pairs, stocks and metals. If you value diversity and flexibility, you may prefer RoboMarkets over N1CM.
- Trading Fees: Both brokers charge similar trading fees on their ECN and Prime accounts, which offer raw spreads from 0 pips and a commission of $4 per lot round turn. However, N1CM offers lower spreads on its Classic account than RoboMarkets on its Pro account. Both brokers also charge swap fees and inactivity fees. If you value low-cost trading, you may prefer N1CM over RoboMarkets on their standard accounts.
- Account Types: Both brokers offer multiple account types to suit different trading styles and preferences. However, RoboMarkets has some unique features on its R StocksTrader and ISK accounts, which offer zero commission on certain US stocks and ETFs for European clients. N1CM has a Cent account for beginners and an Islamic account for Muslim clients. If you value special offers and niche services, you may prefer RoboMarkets or N1CM depending on your situation.
- Deposit and Withdrawal Options: Both brokers support various payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, e-wallets and cryptocurrencies. However, N1CM does not charge any fees for deposits or withdrawals, while RoboMarkets only waives the fees twice a month. If you value convenience and cost-efficiency, you may prefer N1CM over RoboMarkets.
- Trading Platforms: Both brokers provide the MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices. These platforms are widely used by traders for their advanced features and functionality. However, RoboMarkets also offers its own web platform R StocksTrader for stock trading with zero commission on certain instruments. If you value innovation and customization, you may prefer RoboMarkets over N1CM.
- Analytical Tools: Both brokers offer various analytical tools for their clients, such as economic calendar, market news, trading signals from MQL5 community, Autochartist technical analysis tool and VPS service. However, RoboMarkets also offers the R Trader Strategy Builder for creating automated trading strategies without coding. If you value research and education, you may prefer RoboMarkets over N1CM.
