N1CM vs OctaFX

N1CM vs OctaFX Comparison Table 2023
N1CM OctaFX
WINNER
N1CM is the better broker
3.3

N1CM is #36 in our broker rankings.

4.1
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Number One Capital Markets, or N1CM, is a leveraged CFD broker with tier-one liquidity providers and 211 ms execution speeds.

OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.

Pros
  • Demo account
  • MT4 integration
  • Low minimum deposit
  • Full range of investments
  • Full range of investments
  • Low minimum deposit
  • Highly rated
  • MetaTrader 4 and 5
  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts
Cons
  • Weak regulatory oversight
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
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
Bonus
35% Welcome Deposit Bonus Up to 50% deposit bonus
Instruments
Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$5 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
VFSC SVGFSA, CySEC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No No
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)
Auto Trading
EAs Yes
Copy Trading
Yes Yes
Copy Trading Platform
Follow the trades of experienced users by acting on signals provided in the MetaTrader platforms. Copy trading in 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 for 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 with low fees and 1:1000 flexible leverage. Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:1000 1:500 (Global), 1:30 (EU)
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
Major and minor currency pairs with low spreads on the MT4 and MT5 platforms. OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.
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 a handful of cryptos against the USD with no commissions. Trade 30+ popular digital currencies paired with the USD.
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
More Comparisons
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