Compare OctaFx vs N1CM
What is OctaFx? What is N1CM ?
OctaFx is a global forex and CFD broker that offers competitive spreads, low commissions, fast execution and various deposit and withdrawal options. It also provides educational materials, daily trading ideas, bonuses and promotions, and copytrading services.
N1CM is a regulated global forex and CFD broker that offers low spreads, flexible leverage, fast execution and tier 1 liquidity providers. It also provides access to Autochartist, a technical analysis tool that generates trading signals and chart patterns.
OctaFx vs N1CM Regulation Comparison
OctaFx is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 372/18. It also holds a license from the Financial Services Authority of Saint Vincent and the Grenadines (SVG) under number 19776 IBC 2011.
N1CM is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 40313. It also holds a license from the Financial Services Authority of Saint Vincent and the Grenadines (SVG) under number 23683 IBC 2016.
OctaFx vs N1CM Trading Assets Comparison
OctaFx offers over 230 trading instruments, including 50+ currency pairs, precious metals, commodities, indices, shares and cryptocurrencies.
N1CM offers over 100 trading instruments, including 50+ currency pairs, precious metals, commodities, indices, shares and cryptocurrencies.
OctaFx vs N1CM Trading Fees Comparison
OctaFx charges no commissions on its Micro and Pro accounts, but charges $3 per lot on its ECN account. It also offers zero swap accounts for Islamic traders. The average spread on EUR/USD is 0.6 pips on the Micro account, 0.5 pips on the Pro account and 0.4 pips on the ECN account.
N1CM charges no commissions on its Standard account, but charges $4 per lot on its ECN account. It also offers swap-free accounts for Islamic traders. The average spread on EUR/USD is 0.9 pips on the Standard account and 0.1 pips on the ECN account.
OctaFx vs N1CM Account Types Comparison
OctaFx offers three account types: Micro, Pro and ECN. The minimum deposit for each account is $100. The maximum leverage for each account is 1:500.
N1CM offers two account types: Standard and ECN. The minimum deposit for each account is $10. The maximum leverage for each account is 1:1000.
OctaFx vs N1CM Deposit Options Comparison
OctaFx supports various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, Bitcoin, Ethereum, USDT and Litecoin. It charges no fees for deposits and withdrawals.
N1CM supports various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, Perfect Money, WebMoney and Bitcoin. It charges no fees for deposits and withdrawals.
OctaFx vs N1CM Trading Platforms Comparison
OctaFx supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web and mobile devices. It also offers its own OctaFX Trading App for Android and iOS devices.
N1CM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web and mobile devices.
OctaFx vs N1CM Analytical Tools Comparison
OctaFx provides daily market insights, technical analysis tools, economic calendar, trading signals and copytrading services through its website and platforms.
N1CM provides access to Autochartist, a technical analysis tool that generates trading signals and chart patterns based on historical data and market trends.
OctaFx vs N1CM . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, risk appetite and goals. However, there are several factors you can consider, such as:
- Regulation: OctaFx is regulated by CySEC, which is a reputable and strict regulator in the European Union. N1CM is regulated by VFSC, which is a less stringent and more offshore regulator. If you value security and protection, you may prefer OctaFx over N1CM.
- Trading assets: OctaFx offers more trading instruments than N1CM, which gives you more opportunities and diversification. If you want to trade a wide range of markets, you may prefer OctaFx over N1CM.
- Trading fees: N1CM offers lower spreads than OctaFx, especially on its ECN account. This can save you money and increase your profits. If you are a frequent or high-volume trader, you may prefer N1CM over OctaFx.
- Account types: N1CM offers higher leverage than OctaFx, which can amplify your gains and losses. It also has a lower minimum deposit requirement than OctaFx, which makes it more accessible and affordable. If you are a beginner or a risk-taker, you may prefer N1CM over OctaFx.
- Deposit and withdrawal options: Both brokers support various payment methods, but OctaFx supports more cryptocurrencies than N1CM. This can give you more flexibility and convenience. If you are a crypto enthusiast or trader, you may prefer OctaFx over N1CM.
- Trading platforms: Both brokers support MT4 and MT5 platforms, which are popular and powerful platforms for forex and CFD trading. However, OctaFx also offers its own OctaFX Trading App, which has some unique features and functions. If you want to try something different or more customized, you may prefer OctaFx over N1CM.
- Analytical tools: Both brokers provide some analytical tools, but N1CM provides access to Autochartist, which is a comprehensive and advanced tool that can help you identify trading opportunities and patterns. If you are a technical or analytical trader, you may prefer N1CM over OctaFx.
In the end, the best way to decide which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their services and platforms before making your final decision.
