N1CM vs Ingot Brokers | Which is best 2024 (2024)

N1CM vs Ingot Brokers | Which is best 2024 (1)

Review

3.3

N1CM is #13 in our CFD broker rankings.

N1CM vs Ingot Brokers | Which is best 2024 (2)

Review

3.8

N1CM vs Ingot Brokers | Which is best 2024 (3) Traders from US accepted

N1CM vs Ingot Brokers | Which is best 2024 (4) Traders from US not accepted

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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.

Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.

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." "Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources." 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
  • Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
  • Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers
  • The low $100 minimum deposit and the option to trade with zero commissions will appeal to newer traders
  • Ingot Brokers holds multiple regulatory licenses, including one from the top-tier regulator, ASIC
  • Multiple free payment methods are available, including bank transfers and crypto payments
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
  • The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
  • The broker’s educational resources and market research trail most competitors
  • The ECN account offers fewer assets than the other account types
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 Trading Experience APC 2021 - European Global Banking & Finance Awards
  • Most Trusted Forex Brand APAC 2021 - European Global Banking & Finance Awards
  • Most Trusted Forex Broker Asia 2021 - International Investors Awards
  • Best Online Trading Support Middle East 2021 - International Investors Awards
Instruments Forex, Indices, Commodities, Shares, Cryptocurrencies, Metals CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies Demo Account Yes Yes Minimum Deposit $5 $10 Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
  • Bitcoin Payments
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • FasaPay
  • Mastercard
  • Perfect Money
  • Sticpay
  • Visa
  • Bitcoin Payments
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • Mastercard
  • Neteller
  • PayPal
  • Skrill
  • Visa
  • Wire Transfer
Minimum Trade 0.01 Lots 0.01 Lots Regulator VFSC ASIC, FSCA, JSC, FSA, CMA Margin Trading Yes Yes STP Account No No ECN Account Yes Yes DMA Account No No MAM Account No Yes 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 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. Ingot Brokers offers a bespoke copy trading app where users can copy seasoned traders with low fees and detailed performance metrics. Beginners can learn from seasoned traders who in turn can generate a second revenue stream by marketing their trades. 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 $0 Islamic Account No Yes Account Currencies
  • USD
  • USD
  • AUD
Stock Exchanges
  • Australian Securities Exchange (ASX)
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • Nasdaq
  • Australian Securities Exchange (ASX)
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Nasdaq
Commodities
  • Copper
  • Gold
  • Natural Gas
  • Oil
  • Palladium
  • Platinum
  • Silver
  • Cocoa
  • Coffee
  • Corn
  • Gold
  • Natural Gas
  • Oil
  • Platinum
  • Silver
  • Soybeans
  • Sugar
  • Wheat
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. Ingot Brokers offers CFD trading on 1000+ instruments including stocks, commodities and cryptocurrencies. The MT4 and MT5 platforms offer comprehensive features for active CFD traders, including multiple order types and pre-integrated technical tools. Leverage 1:1000 1:500 FTSE Spread From 0.5 pips From 0 pip GBPUSD Spread From 0.5 pips From 0 pip Oil Spread From 0.5 pips From 0 pip Stocks Spread From 0.5 pips From 0 pip 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. Ingot Brokers offers forex trading on a modest suite of 30+ currency pairs with raw spreads on the MT5 platform. There are also no restrictions on short-term trading strategies, including hedging, scalping and the use of Expert Advisors (EAs). GBPUSD Spread 1.1 average From 0 pip EURUSD Spread 0.9 average From 0 pip EURGBP Spread 1.1 average From 0 pip Assets 50+ 30+ 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. You can access 25 cryptocurrencies paired with USD, including BTC/USD and ETH/USD as well as smaller tokens like DOTUSD. The broker doesn’t offer a crypto wallet or exchange, although you can deposit via Bitcoin, Ethereum or Tether with zero fees. Spread Variable From 0 pip Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DOT
  • EOS
  • LNK
  • DOGE
  • ADA
  • XLM
  • ATOM
  • AAVE
  • AVX
  • BNB
  • DASH
  • ENJ
  • FTM
  • MATIC
  • SNX
  • WAVE
  • XMR
  • XTZ
  • YFI
  • SOL
Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

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N1CM vs Ingot Brokers | Which is best 2024 (5)

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