N1CM vs RaceOption

N1CM vs RaceOption Comparison Table 2024
N1CM RaceOption
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.

RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.

Customer Reviews
4
Bonus Offer
35% Welcome Deposit Bonus 20% - 200% 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." "RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."
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
  • Beginner-friendly copy trading opportunities in the broker's proprietary trading platform
  • Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
  • Well-optimised proprietary mobile trading app with instant execution, full trading history and responsive live charts
  • First 3 trades are risk-free in the Silver and Gold accounts, with only $1,000 required to be eligible
  • Sign-up bonuses from 20%, plus weekly trading contests and prize giveaways
  • Flexible weekend trading available plus 24/7 multilingual customer support
  • High payouts on popular underlying assets up to 95%
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
  • $250 minimum deposit is higher than other binary options brokers
  • Unregulated broker with lower safety score
  • Limited educational resources
  • Withdrawal thresholds apply
  • No free demo account
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 Binary Options, CFDs
Demo Account
Yes Yes
Minimum Deposit
$5 $250
Trading Platforms
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots $0.01
Regulator
VFSC
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
App Review

Despite a couple of connection issues during testing, the RaceOption mobile trading solution overwhelmingly delivers. All the settings you need to amend binary parameters are available around the chart and it’s as simple as clicking the ‘Up’ and ‘Down’ buttons to confirm a trade. Clicking ‘My Trades’ in the bottom left of the mobile interface also makes monitoring multiple trades a hassle-free exercise.

Android App Rating
3.8
iOS App Rating
4
Auto Trading
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. Replicate the positions and strategies of multiple traders while leveraging the RaceOption leaderboard. You can start copy trading in three fast steps and follow multiple traders simultaneously.
Social Trading
No Yes
Trade Signals
MT4 & MT5
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
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. Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
Leverage
1:1000 1:500
FTSE Spread
From 0.5 pips Floating
GBPUSD Spread
From 0.5 pips Floating
Oil Spread
From 0.5 pips Floating
Stocks Spread
From 0.5 pips Floating
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. Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.
GBPUSD Spread
1.1 average Floating
EURUSD Spread
0.9 average Floating
EURGBP Spread
1.1 average Floating
Assets
50+ 25+
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 popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
Spread
Variable Floating
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.
Payout
95%
Expiry Times
5 seconds - 30 days
Ladder Options
No Yes
Boundary Options
No No
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