N1CM vs Errante

N1CM vs Errante Comparison Table 2024
N1CM Errante
3.3
4

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.

Errante is a Cyprus-based and regulated forex and CFD broker with leveraged trading on multiple assets, tiered accounts including a zero-spread option, and copy trading support. The broker offers leveraged trading up to 1:30 under its CySEC-regulated branch and 1:500 from an offshore branch, and supports the MetaTrader 4 and MetaTrader 5 platforms. Errante's asset list is relatively limited but it does offer fast execution and low latency, and it is a trustworthy brand.

Customer Reviews
5
Bonus Offer
35% Welcome Deposit Bonus
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." "We recommend Errante for users seeking multi-asset trading on the MT4 and MT5 platforms. The copy trading platform and straightforward sign-up process will also suit newer traders."
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
  • Reputable and trustworthy multi-asset broker
  • Supports cTrader, MT4 and MT5 platforms
  • Good range of cryptocurrencies including Bitcoin
  • Good selection of educational content and useful trading tools
  • Open an account in four easy steps
  • Copy trading available
  • Low starting deposit
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
  • Small selection of shares
  • MT4 not available to EU traders
  • Advanced educational content is expensive to unlock
  • High deposits to unlock advanced account tiers with more favorable trading terms
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
  • Best ECN/STP Broker 2022 - UF Awards
  • Best Forex Newcomer 2021 - Forex Awards
  • Fastest Growing Broker 2021 - Ultimate Fintech Awards
  • Best Trade Executions 2020 - Forex Awards
Instruments
Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals CFDs, Stocks, Indices, Forex, Metals, Energies, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$5 $50
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
VFSC CySEC, FSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
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. The Errante copy trading solution allows users to choose from a selection of master traders with insights into their returns, volatility ratio, recovery factor, and more. There are also no restrictions on the number of traders you can follow.
Social Trading
No No
Trade Signals
MT4 & MT5 MetaTrader
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
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. Errante customers can trade stocks, indices, commodities and cryptocurrencies with leveraged CFDs. The level of leverage available depends on regulatory oversight, with 1:30 the maximum allowed in the EU though this varies by asset.
Leverage
1:1000 1:500
FTSE Spread
From 0.5 pips From 1.5 pips (Standard Account)
GBPUSD Spread
From 0.5 pips From 1.5 pips (Standard Account)
Oil Spread
From 0.5 pips From 1.5 pips (Standard Account)
Stocks Spread
From 0.5 pips From 1.5 pips (Standard Account)
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. Errante traders can access 50+ forex pairs with leverage up to 1:500 (location dependant). The broker offers fast execution and tight spreads, especially to clients with VIP and Tailor-Made accounts.
GBPUSD Spread
1.1 average From 1.5 pips (Standard Account)
EURUSD Spread
0.9 average From 1.5 pips (Standard Account)
EURGBP Spread
1.1 average From 1.5 pips (Standard Account)
Assets
50+ 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. Errante clients can speculate on price movements of 26 crypto tokens, all paired with USD. CFDs allow for leveraged trading, but note that you will not directly own the assets traded.
Spread
Variable From 1.5 pips (Standard Account)
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DASH
  • EOS
  • IOTA
  • NEO
  • OMG
  • QTU
  • TRX
  • XMR
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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