N1CM and FXSway 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 N1CM and FXSway 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.
N1CM vs FXSway: In a Nutshell
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
FXSway
Founded in 2021, FxSway is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Crypto, Stocks, Indices, and Commodities to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of FxSway is as high as 1:500.
FxSway at a Glance
- Founded Year: 2021
- Headquarters: Saint Vincent and the Grenadines
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: TradeLocker (Desktop, Web, Mobile)
- Account Types: Standard, Var, Pro, Mini
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Cryptocurrencies ((BTC, ETH, XRP, LTC, DOGE & USDT)
- US Traders: Accepted
N1CM vs FXSway: Side By Side Comparison
N1CM vs FXSway: Pros and Cons
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
FXSway Pros & Cons
- Low Minimum Deposit - Starting from $10
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- FxSway Accepts Crypto Deposits
Cons:
- Unregulated offshore Forex Broker
- Only Crypto Deposit and withdrawals are available
- Meta Traders (MT4/MT5) are not available. Only TradeLocker is offered
Final Thoughts:
N1CM and FXSway 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, N1CM supports MetaTrader (MT4/MT5) trading platforms. On the other hand, FXSway does not support MetaTrader (MT4/MT5) trading platform.It uses the Tradelocker trading platform. The minimum deposit for N1CM is $1, whereas the minimum deposit for FXSway is $10. Additionally, the maximum leverage for N1CM is 1000:1, while the maximum leverage for FXSway is 500:1.
Our score for N1CM is 4, and for FXSway, it is 4.3 So, If you are looking for a high-leverage offshore broker with MT4/MT5 trading platform you may choose N1CM. However, if you prefer TradeLocker trading platform, you may choose FXSway.
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
