N1CM vs ForexChief | Which is best 2024 (2024)

3.3

N1CM is #13 in our CFD broker rankings.

3.3

ForexChief is #7 in our CFD broker rankings.

Traders from US accepted

Traders from US accepted

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.

ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.

Customer Reviews

4.7

Bonus Offer 35% Welcome Deposit Bonus $100 No 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." "ForexChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback." Pros Cons Awards Instruments Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals CFDs, Forex, Metals, Commodities, Stocks, Indices Demo Account Yes Yes Minimum Deposit $5 $10 Trading Platforms Payment Methods Minimum Trade 0.01 Lots 0.01 Lots Regulator VFSC VFSC Margin Trading Yes Yes Margin Rate 0.1% STP Account No Yes ECN Account Yes No DMA Account No No 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 No Market Maker No No P2P Trading No No Spot Trading No Yes Mobile Apps iOS & Android iOS & Android 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. Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions. You can start copy trading in a few easy steps. Social Trading No No Trade Signals MT4 & MT5 Yes VPS Hosting No No Tournaments No No Demo Competitions No No Ethical Investing No No Custodial Account No No Guaranteed Stop Loss No No Islamic Account No Yes Account Currencies 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. You can trade a competitive range of CFDs encompassing crypto, indices, energies and metals, with very high leverage up to 1:1000. ECN pricing is available, with spreads from 0.0 pips and low commissions from $2.50. A Cent account is also available for those on a smaller budget. Leverage 1:1000 1:1000 FTSE Spread From 0.5 pips 70 GBPUSD Spread From 0.5 pips 0.9 Oil Spread From 0.5 pips 12 Stocks Spread From 0.5 pips 50 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. ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs. Trading takes place on the leading MT4 and MT5 platforms, which offer dozens of in-built technical tools for short-term forex strategies. GBPUSD Spread 1.1 average 0.9 EURUSD Spread 0.9 average 0.4 EURGBP Spread 1.1 average 0.9 Assets 50+ 40 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. ForexChief’s range of 5 cryptocurrencies paired with USD is smaller than most competitors. In addition, the average BTCUSD spread of 30 pips is not the cheapest. That said, the broker does offer some useful crypto trading guides for beginners. Spread Variable Variable Coins Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

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