N1CM vs FXGT

N1CM vs FXGT Comparison Table 2024
N1CM FXGT
3.3
3.5

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.

FXGT is an offshore broker offering leveraged CFD trading on the MT4 and MT5 charting platforms. The broker is regulated by the FSCA and the VFSC and offers segregated accounts and negative balance protection for global clients.

Bonus Offer
35% Welcome Deposit Bonus Tiered Loyalty 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." "FXGT is a good choice for clients looking to execute short-term strategies including scalping, hedging, netting and automated trading. The $5 minimum deposit makes it easy to get started and there's a range of account types for beginners and pro 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
  • The MT4 and MT5 will serve day traders looking for reliable charting software
  • The broker offers free deposits and withdrawals, with fast processing
  • Beginners will appreciate the low $5 minimum deposit across all account types
  • FXGT's sponsored VPS is fully integrated into MT5 and offers 3GB RAM and 16GB disk space
  • Negative balance protection is available for global 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
  • The broker holds weak offshore regulatory licensing compared to alternatives
  • The broker doesn't offer any proprietary software or additional market research tools
  • There are very limited educational resources available
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 CFDs on Forex, Stocks, Indices, Metals, Energies
Demo Account
Yes Yes
Minimum Deposit
$5 $5
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
VFSC FSCA, VFSC, FSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
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 No
Trade Signals
MT4 & MT5 MT5
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
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • JPY
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. Speculate on rising or falling prices with leveraged CFDs.
Leverage
1:1000 1:1000
FTSE Spread
From 0.5 pips 110
GBPUSD Spread
From 0.5 pips 2.2
Oil Spread
From 0.5 pips 1.1
Stocks Spread
From 0.5 pips 1.2 (Apple Inc)
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. Speculate on a decent list of forex pairs with a choice of account types.
GBPUSD Spread
1.1 average 2.2
EURUSD Spread
0.9 average 2.2
EURGBP Spread
1.1 average 3.3
Assets
50+ 53
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. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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