N1CM vs OctaFX

N1CM vs OctaFX Comparison Table 2024
N1CM OctaFX
3.3
4.1

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.

OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.

Bonus Offer
35% Welcome Deposit Bonus Up to 50% 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." "OctaFX is a great pick for traders of all experience levels. Seasoned day traders will appreciate the ECN model with fast execution and tight spreads, while beginners will rate the user-friendly copy trading platform and low minimum deposit."
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
  • Demo account with access to unlimited virtual funds
  • Bonuses and contests available (non-EU)
  • Negative balance protection (Within EU)
  • Comprehensive educational content
  • High Leverage 1:500 (non-EU)
  • Excellent copy trading service
  • No deposit and withdrawal fees
  • Offers Islamic accounts
  • Low minimum deposit
  • Highly rated broker
  • MT4 and MT5 integration
  • Commission-free trading
  • Mobile app compatibility
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
  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
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
  • Most Secure Broker Indonesia 2022- International Business Magazine
  • Best Global Broker Asia 2022- International Business Magazine
  • Best Forex Broker Pakistan 2022- Global Brands
  • Best Forex Broker India 2022- World Finance
  • Best Mobile Trading Platform 2022- FXDailyInfo
  • Best In Class For Social Copy Trading 2022- Forexbrokers.com
  • Best Trading Conditions Asia 2021- World Business Outlook
Instruments
Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$5 $100
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
VFSC SVGFSA, CySEC
Margin Trading
Yes Yes
STP Account
No No
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 Yes
Mobile Apps
iOS & Android Yes (iOS & Android)
App Review

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

Android App Rating
4.3
iOS App Rating
4.5
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
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. Copy trading at OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
No Yes
Trade Signals
MT4 & MT5 Yes (EAs)
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
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
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. OctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated trading.
Leverage
1:1000 1:30 (EU), 1:500 (Global)
FTSE Spread
From 0.5 pips 1.8
GBPUSD Spread
From 0.5 pips 1.1
Oil Spread
From 0.5 pips 0.7
Stocks Spread
From 0.5 pips Variable
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. OctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis.
Forex App

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

GBPUSD Spread
1.1 average 1.1
EURUSD Spread
0.9 average 0.7
EURGBP Spread
1.1 average 2.1
Assets
50+ 35
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. Trade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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