Azaforex and N1CM are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review Azaforex and N1CM by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
Azaforex vs N1CM: In a Nutshell
AZAforex
Founded in 2020, AZAforex is an online forex and CFD broker. It is an offshore forex broker that offers Cryptocurrencies, indices, and commodities trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of AZAforex is as high as 1:1000.
AZAforex at a Glance
- Founded Year: 2016
- Headquarters: Marshall Islands
- Minimum Deposit: No minimum Deposit (You may deposit as low as $1)
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MobiusTrader 7
- Account Types: Standard, Pro and VIP Account
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options:Bitcoin, Ethereum, Bitcoin Cash BCH,Dashcoin DASH,Tether USD,USD Coin,Monero XMR,Ripple XRP
- US Traders: Accepted
N1CM
Founded in 2017, N1CM is an online forex and CFD broker. It is an unregulated forex broker that offers 200+ instruments including forex, indices, commodities, shares, cryptocurrencies, and precious metals. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of N1CM is as high as 1:1000.
N1CM at a Glance
- Founded Year: 2017
- Headquarters:Kumul Highway, Port Vila, Vanuatu
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT4, MT5
- Account Types: Cent, Standard, ECN
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: USD, EUR and Crypto currencies
- US Traders: Accepted
AZAforex vs N1CM: Side By Side Comparison
AZAforex vs N1CM: Pros and Cons
AZAforex Pros & Cons
- No Minimum Deposit – You may deposit as low as $1
- Allow Crypto CFD Trading
- Offers leverage as high as 1:1000
- Very tight spreads starting from 0.00001 pips
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- AZAforex Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
- No MT4/MT5 offer ( Only Mobius Trader 7 (MT7) is offered)
N1CM Pros & Cons
- No Minimum Deposit – Starting from $1
- Allow Crypto CFD Trading
- Offers leverage as high as 1:1000
- The maximum lot size is as high as 1000 lot
- Low Fees trading: Spreads starting from as low as 0.5 pips
- Offers MT4 and MT5 trading platforms (Desktop, Web, mobile version)
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- N1CM Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Limited Number of tradable assets
- No Passive Investment programme like PAMM, MAM
Final Thoughts:
Azaforex and N1CM are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, Azaforex supports Mobius Trader 7 trading platforms. On the other hand, N1CM supports MetaTrader (MT4/MT5) trading platform. It doesn’t support Mobius Trader 7 trading platform. The minimum deposit for Azaforex is $1, whereas the minimum deposit for N1CM is $1. Additionally, the maximum leverage for Azaforex is 1000:1, while the maximum leverage for N1CM is 1000:1.
Our score for Azaforex is 3.6, and for N1CM, it is 4 So, If you are looking for a high-leverage offshore broker with Mobius Trader 7 trading platform you may choose Azaforex. However, If you want to use an offshore broker that offers MT4/MT5 trading services to Azaforex, you may choose N1CM.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
