T1Markets is an online broker that offers the MetaTrader 4 trading platform for CFDs on a variety of assets, including Forex, equities, and commodities. The trading platforms can be accessed via a mobile trading app or a web trader. Trading tools, educational materials, and account funding options are all available through the broker.
Our online broker research team has covered some of the most crucial things for you to consider when picking the best broker for your online trading needs in this comprehensive T1Markets review.
Overview of T1Markets
T1Markets is a registered online trading broker that provides easy-to-use trading platforms for buying and selling a wide range of CFD instruments, including forex, cryptocurrencies, commodities, indices, stocks, and precious metals like silver and gold.
The broker offers a variety of instructional resources and trading tools, as well as rapid client service via a variety of channels. There are no commissions on transactions, and professional clients can take advantage of spreads as low as 0.03 pips and leverage as high as 1:500.
Regulation of T1Markets
T1Markets is the trade name of General Capital Brokers Ltd. (GCB), which is regulated and authorized by the Cyprus Securities and Exchange Commission under license number 333/17 and has the registration number HE345774.
The broker claims that client security is their first priority, and that they use the most cutting-edge data protection technology to help ensure that trading takes place in a secure environment. Personal information is never revealed or exchanged during a financial transaction because it is encrypted.
Countries on T1Markets
T1Markets serves over 20 countries, including Austria, the Czech Republic, Bulgaria, the United Kingdom, the Slovak Republic, Malta, Poland, Portugal, and others. Traders from the United States are not accepted.
Due to legal constraints, some of the T1Markets broker features and products discussed in this T1Markets review may not be available to traders from specific countries.
Platforms by T1Markets
T1Markets’ sleek and easy MetaTrader 4 mobile app gives you fast access to worldwide markets, complete with live charts and 90+ analytical tools, all accessible from your smartphone. MT4 is one of the most widely used internet trading platforms, with traders from all around the world using it.
The platform comes with a slew of market-analysis tools, as well as a variety of chart kinds and periods. A range of order types, one-click trading, and automated techniques are all supported by the platform. In addition, there is a MQL marketplace where users can offer more tools to improve the platform’s functionality.
There’s also the MT4 web trader, which works in most modern web browsers without requiring any additional software to be downloaded or installed.
Trading Tools at T1Markets
T1Markets offers an economic calendar, a report season calendar, and trading signals, among other trading tools. The MetaTrader platforms that are supplied are likely to feature a large number of tools that will fulfill the needs of many traders.
Education at T1Markets
T1Markets clients have access to a free instructional hub produced by trading specialists from across the world to help them enhance their trading knowledge and skills. This includes easy-to-read formats, a variety of information, and thousands of tips to help traders make informed decisions. There are on-demand films, eBooks, online courses, and articles available.
Instruments from T1Markets
Traders may trade CFDs on 350+ different assets with T1Markets. Forex currency pairings, equities, cryptos, metals, indexes, commodities, and more are all examples of this.
Accounts & Fees at T1Markets
T1Markets offers three different types of trading accounts, each with various spreads and leverage to suit different trading objectives, market tactics, and investment requirements. There is no commission on any account, and spreads range from 0.03 to 0.07 depending on the account type. Retail clients can get up to 1:30 leverage, while professional clients can get up to 1:500 leverage.
To be considered a professional client, you must meet two of the three criteria listed below: 1) Have a portfolio worth more than $500,000. (not including property or cash) 2) Have a track record of filling large-scale employment (down to broker discretion). 3) Have held a professional job in the fields of derivatives, speculation, or trading. To qualify as a professional client, you must meet at least two of these criteria.
Negative balance protection, the Investor Compensation Fund, and recourse to the Financial Ombudsman Service are all withdrawn if you qualify for a professional account since you are recognized as a professional trader under ESMA regulation.
Accounts can be opened in the following currencies: USD, EUR, and GBP. Currency translation fees do not apply while using an account in your own currency, therefore the many currency options are advantageous.
Gold and Platinum account users receive a free virtual private server (VPS) as well as a swap discount. Upon request, Islamic account types that comply with Sharia law are also available.
There may be extra costs not stated in this T1Markets review because broker fees vary and change. Before you open a T1Markets broker account for online trading, make sure you review and understand all of the latest information.
Support from T1Markets
T1Markets offers customer service via phone, live chat, and email. From Monday to Friday, from 07:00 to 17:00 GMT, they are available to answer any general or technical queries you may have about their brokerage services.
Deposit & Withdrawal at T1Markets
T1Markets offers a number of quick deposit and withdrawal options for your trading account. Bank wire, credit/debit cards, and online payment systems like Neteller and Skrill are all examples of this. Please keep in mind that some methods are only available in certain countries and that not all of them may be used for both deposit and withdrawal.
When using some payment methods, you may be charged a fee. If you submit a withdrawal request outside of business hours, it will be processed the same day or the next working day. The time it takes to withdraw money varies based on the payment provider and method used. Some methods, such as bank transfers, take a few days to clear, while others are fast.
Transaction limits, restrictions, and requirements may be specified on the websites of some payment systems. In some countries, you may need to verify your account to eliminate restrictions on specific methods. T1 Markets does not accept payments from outside parties. All funds deposited into your trading account must be in your T1Markets trading account’s name.
T1Markets Account Registration
To apply for a trading account, go to the broker’s official website and fill out a simple online form. You’ll need to supply some personal information as well as evidence of address and identification to pass the KYC verification. This is a standard element of the onboarding process for a broker.
When filling out a broker application, it is critical that you read all of the broker’s terms, conditions, and policies thoroughly. Proceed only if you have fully comprehended and agreed to them.
Summary of T1Markets
T1Markets is a registered trading broker that offers hundreds of CFD products for trading on simple platforms that can be accessed via a web browser or a smartphone. The broker offers a variety of educational materials, as well as trading instruments and a variety of payment options.
CFDs are sophisticated instruments that carry a high risk of losing money quickly due to their leverage. When trading CFDs, between 74 and 89 percent of ordinary investor accounts lose money. You should think about whether you understand how CFDs work and whether you can afford to risk losing all of your money.