Compare NordFX vs N1CM
What is NordFX? What is N1CM?
NordFX is an international forex broker established in 2008 that provides online trading platforms and free training. It offers low spreads, high leverage, fast execution, mobile trading and direct ECN flow.
N1CM is a forex and CFD broker licensed and regulated by VFSC (Vanuatu Financial Services Commission) that was founded in 2017. It aims to combine technology and service to become a leading provider of forex trading. It offers raw spreads, micro lots, negative balance protection, crypto funding and fast withdrawals.
NordFX vs N1CM Regulation Comparison
NordFX is regulated by CySEC (Cyprus Securities and Exchange Commission) with license number 209/13, VFSC with license number 15008 and SEBI (Securities and Exchange Board of India) with registration number INZ000184739.
N1CM is regulated by VFSC with license number 40313.
NordFX vs N1CM Trading Assets Comparison
NordFX offers trading on 33 FX pairs, metals, crypto, CFD indices, stocks and oil.
N1CM offers trading on 50 FX pairs, metals, crypto, CFD indices, stocks, commodities and oil.
NordFX vs N1CM Trading Fees Comparison
| Fee Type | NordFX | N1CM |
|---|---|---|
| Spread | From 0.0 pips on Zero account | From 0.1 pips on Standard account |
| Commission | 0.0035% per trade (each side) on Zero account | None |
| Swap | Variable depending on instrument | Variable depending on instrument |
| Deposit Fee | None | None |
| Withdrawal Fee | None | None |
NordFX vs N1CM Account Types Comparison
NordFX offers four account types: Fix ($10 minimum deposit), Pro ($100 minimum deposit), Zero ($500 minimum deposit) and Savings ($500 minimum investment).
N1CM offers three account types: Standard ($10 minimum deposit), ECN ($100 minimum deposit) and VIP ($10,000 minimum deposit).
NordFX vs N1CM Deposit Options Comparison
NordFX accepts deposits and withdrawals via bank transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI Wallet and cryptocurrencies.
N1CM accepts deposits and withdrawals via bank transfer, credit/debit cards, Skrill, Neteller, FasaPay, WebMoney, Perfect Money, QIWI Wallet and cryptocurrencies.
NordFX vs N1CM Trading Platforms Comparison
NordFX offers MetaTrader 4 as its main trading platform for desktop and mobile devices.
N1CM offers MetaTrader 4 and MetaTrader 5 as its trading platforms for desktop and mobile devices.
NordFX vs N1CM Analytical Tools Comparison
NordFX provides market analysis and news on its website as well as access to Trading Central’s technical analysis tools for its clients.
N1CM partners up with Autochartist to provide its clients with robust technical analysis tools, automated trading signals and chart patterns with beginner-friendly indicators.
NordFX vs N1CM. Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals and strategies. However, you can consider several factors when choosing a broker:
- Regulation: NordFX has more regulatory licenses than N1CM, which may indicate a higher level of trustworthiness and security for your funds.
- Trading Assets: N1CM has more trading instruments than NordFX, which may give you more opportunities and diversification in the market.
- Trading Fees: NordFX has lower spreads than N1CM on its Zero account, but also charges a commission per trade. N1CM does not charge any commission, but has higher spreads on its Standard account. You may want to compare the total cost of trading for each broker based on your trading volume and frequency.
- Account Types: NordFX and N1CM have similar minimum deposit requirements for their basic accounts, but NordFX also offers a Savings account that pays interest on your investment. N1CM has a VIP account that requires a higher minimum deposit, but may offer better trading conditions and services.
- Trading Platforms: NordFX and N1CM both offer MetaTrader 4, which is a popular and user-friendly platform. N1CM also offers MetaTrader 5, which is a newer and more advanced platform with more features and capabilities.
- Analytical Tools: NordFX and N1CM both provide access to third-party technical analysis tools, such as Trading Central and Autochartist. You may want to test them out and see which one suits your trading style and needs better.
Ultimately, the best broker for you is the one that meets your expectations and helps you achieve your trading goals. You may want to try out their demo accounts first to get a feel of their platforms, services and support. You may also want to read some reviews from other traders who have experience with these brokers.
