N1CM vs BitMEX

N1CM vs BitMEX Comparison Table 2024
N1CM BitMEX
3.3
3.2

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. The brokerage also offers a range of account types including a raw spread account with low commission fees, which will appeal to active forex traders.

BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.

Bonus Offer
35% Welcome Deposit Bonus Fee reduction for BMEX token holders
Comment by Reviewer
"N1CM will satisfy forex traders seeking high leverage up to 1:1000 with an offshore broker. The low $5 deposit and Cent account will appeal to beginners in particular. On the negative side, the broker's regulatory status is weak." "Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering, with Perpetual Contracts available. The 100x leverage on Bitcoin is also higher than many alternatives."
Pros
  • Both MetaTrader 4 and MetaTrader 5 platforms
  • Low minimum deposit and withdrawal limits
  • 1:1000 maximum leverage
  • Free educational resources
  • Welcome bonus
  • ECN execution
  • The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing
  • BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more
  • The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management
  • The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges
  • Comprehensive customizability is available within the platform, with movable widgets and order book filters
  • Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature
  • The exclusive crypto platform makes it more streamlined than other multi-asset terminals
  • Traders can earn interest if they HODL Tether and Bitcoin
  • The broker offers 2 API systems for seasoned traders
Cons
  • Paper trading only available on verified accounts
  • Not as trustworthy as alternative brokers
  • Wide spreads for the classic account
  • Weak regulatory status
  • No VPS service
  • BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers
  • BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies
  • The broker was involved in a legal dispute with US regulators which resulted in fines
  • Withdrawals are only carried out at a specified time of day
  • Only Bitcoin is accepted for free withdrawals
Awards
  • Best Forex & CFD Trading Platform 2022
  • Best Customer Service 2021
  • Best Forex & CFD Trading Platform 2021
  • Best Forex & CFD Trading Platform 2020
  • Best Forex Execution 2020
  • Best Customer Service 2020
Instruments
Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals Crypto
Demo Account
Yes Yes
Minimum Deposit
$5 $0.01
Trading Platforms
  • MT4
  • MT5
  • BitMEX Web Platform
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
VFSC Republic of Seychelles
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No Yes
P2P Trading
No Yes
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
3.2
iOS App Rating
3.2
Auto Trading
Expert Advisors (EAs) on MetaTrader BitMEX Market Maker, BotVS, and via API
Copy Trading
Yes No
Copy Trading Platform
Follow the trades of experienced users by acting on signals provided in the MetaTrader platforms. But while actionable signals are useful, other brokers provide more user-friendly and sophisticated copy trading services.
Social Trading
No Yes
Trade Signals
MT4 & MT5
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, commodities, indices and cryptos with leverage ranging from 1:25 to 1:1000. The average 211ms execution speeds are not as fast as our top-rated options, but the broker does provide deep liquidity and features such as negative balance protection. CFD trading not offered
Leverage
1:1000
FTSE Spread
From 0.5 pips
GBPUSD Spread
From 0.5 pips
Oil Spread
From 0.5 pips
Stocks Spread
From 0.5 pips
Forex Trading
Trade 50 major, minor and exotic forex pairs including EUR/GBP and USD/JPY. While not the widest selection of currencies, forex traders benefit from tighter-than-average floating spreads from 0.3 pips. Forex trading not offered
GBPUSD Spread
1.1 average
EURUSD Spread
0.9 average
EURGBP Spread
1.1 average
Assets
50+
Cryptocurrency
Trade leveraged CFDs on BTC, BCH, ETH, XRP and LTC in pairs with USD. The small selection does not offer much to traders who favor crypto, but there is enough for traders to dip into the sector's volatility. BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators.
Spread
Variable -0.01% maker, 0.075% taker
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No Yes
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