N1CM vs Quadcode Markets

N1CM vs Quadcode Markets Comparison Table 2024
N1CM Quadcode Markets
3.3
3

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.

Launched in 2021, Quadcode Markets is a relatively new forex and CFD broker with authorization from tier-one regulators like the ASIC. Its key selling point is the easy-to-use trading platform that continues to deliver an excellent user experience with a powerful charting package. The market maker broker offers 500+ assets spanning stocks, forex, indices, commodities, cryptos and ETFs.

Customer Reviews
3
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." "Quadcode Markets is best for new traders looking for a user-friendly platform with a customizable layout, excellent charting tools, and a reliable mobile app. However, it falls short in the education and research departments, while testing shows spreads trail the cheapest brokers."
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 demo account can be opened in under 2 minutes while the replenishable $10,000 bankroll and no time limit means you can routinely test day trading strategies
  • The platform continues to excel for its ease of use with a modern design and customizable workspace
  • The charting package rivals popular platforms like MT4 with 100+ indicators and up to 9 chart displays
  • There is an above-average selection of digital currencies with crypto-fiat pairs plus crypto-crypto pairs
  • The single retail account combined with the commission-free pricing structure will appeal to beginners
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
  • Spreads are wider than low-cost brokers based on comparisons during key trading sessions, potentially eroding profits for day traders
  • The market research trails best-in-class brokers like IG with limited technical summaries or sentiment data
  • Customer support is fast based on tests of the live chat but the knowledge of agents is limited to basic queries
  • Despite improvements to its platform like trailing stops, the software still lacks features like signals and algo trading
  • The investment offering trails top brokers, especially with its limited selection of around 375 stocks
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 Forex Broker Australia – Forex Awards 2023
  • Best All-in-One Brokerage Solution – UFAWARDS 2023
  • Most Innovative Trading Platform Globe – Le Fonti Awards 2022
Instruments
Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$5 $250
Trading Platforms
  • MT4
  • MT5
  • Traderoom
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
VFSC ASIC, CySEC, SCB
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
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
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
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. Quadcode Markets offers 450+ CFDs on global markets including forex, stocks and commodities. Day traders can go long or short with leverage up to 1:30 . The broker’s platform stands out for its beginner-friendly design and sophisticated technical analysis features.
Leverage
1:1000 1:30 (Retail) 1:500 (Pro)
FTSE Spread
From 0.5 pips 2.2
GBPUSD Spread
From 0.5 pips 1.3
Oil Spread
From 0.5 pips 0.07
Stocks Spread
From 0.5 pips 1.3
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. Quadcode Markets offers an above-average selection of 63 currency pairs, with a full range of majors plus minors and exotics available to trade via CFDs. Spreads on the EUR/USD came in at 1.2 pips during testing, wider than cheapest forex brokers like CMC Markets.
GBPUSD Spread
1.1 average 1.3
EURUSD Spread
0.9 average 1.2
EURGBP Spread
1.1 average 1.3
Assets
50+ 63
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. Quadcode Markets maintains its position as a good option for crypto traders with 26 digital currencies, paired with USD or USDT. You can speculate on less popular tokens like DOT and SAND as well as major assets like BTC and ETH. 1:2 leverage is available on cryptos.
Spread
Variable 130
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • OMG
  • DSH
  • ETC
  • BCH
  • ZEC
  • MATIC
  • ADA
  • APT
  • XRP
  • QTM
  • DOGE
  • AVA
  • SOL
  • BNB
  • TRX
  • ATOM
  • LTC
  • AXS
  • SAND
  • NEAR
  • DOT
  • LINK
  • MANA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
N1CM
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