N1CM vs FXOpen
N1CM or FXOpen – which is better for UK traders 2024? Compare N1CM and FXOpen in this detailed breakdown of their platforms, features and fees.
| N1CM | FXOpen |
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| N1CM is ranked #91 among CFD brokers. | FXOpen is ranked #73 among CFD brokers. |
| 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. | Established in 2005, FXOpen is a multi-regulated broker that has attracted over 1 million traders. Designed for active trading, it provides access to a growing selection of more than 700 markets and supports high-frequency trading, scalping, and all forms of algorithmic trading using expert advisors (EAs). |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5 | $100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| VFSC | FCA, CySEC, FC |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
The FXOpen Trading App is a user-friendly mobile app for trading 700+ global markets. With real-time data, level 2 pricing, live charts, and financial news, it’s been refined over the years to deliver one of the highest Android app store ratings we’ve seen – a testament to its top-notch user experience. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | Yes |
| 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 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | 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. | FXOpen’s PAMM Copy Trading service empowers investors to mirror the strategies of experienced traders, offering a transparent, performance-driven model that combines flexibility, automated profit-sharing, and account oversight. |
| Social Trading | |
| No | No |
| Trade Signals | |
| MT4 & MT5 | Yes |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| 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. | FXOpen has a compelling CFD offering, complete with 700+ underlying assets, from shares and indices to currencies, commodities, cryptos, and an expanded range of ETFs. With access to top-tier tools, especially since adding TradingView in 2022 and improving its TickTrader platform, FXOpen provides a complete CFD trading experience. |
| Leverage | |
| 1:1000 | 1:30 (EU, UK), 1:1000 (Global) |
| FTSE Spread | |
| From 0.5 pips | 0.7 |
| GBPUSD Spread< | |
| From 0.5 pips | 0.4 |
| Oil Spread | |
| From 0.5 pips | 0.04 |
| Stocks Spread | |
| From 0.5 pips | 0.40 (Apple) |
| Forex | |
| 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. | |
| Assets | |
| 50+ | 50+ |
| GBPUSD Spread | |
| 1.1 average | 0.4 |
| EURUSD Spread | |
| 0.9 average | 0.2 |
| EURGBP Spread | |
| 1.1 average | 0.5 |
| 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. | FXOpen offers over 40 crypto CFDs, including crypto-only pairs, as well as tokens paired with fiat currencies such as GBP, USD and JPY. You can trade crypto CFDs with 1:2 leverage and choose between three order types (market, limit, and stop) with scripts also available to auto trade crypto. |
| Spread | |
| Variable | 9.0 (BTC) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| N1CM | FXOpen |
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