T1Markets Review

4.2
Rated 4.2 out of 5
Excellent67%
Very good0%
Average17%
Poor16%
Terrible0%
4.2
Rated 4.2 out of 5
4.2 out of 5 stars (based on 12 reviews)
Excellent67%
Very good0%
Average17%
Poor16%
Terrible0%

T1Markets Review

71% of retail investor accounts lose money, …

T1Markets

4.2
Rated 4.2 out of 5

Overview

T1Markets is a trading name of General Capital Brokers Ltd (GCB), approved by the regulated firm Cyprus Securities and Exchange Commission (CySEC). Due to regulatory options, the broker provides segregated trading accounts, negative balance protection, and leverage of up to 30:1 for retail clients and up to 200:1 for professional clients.

Silver, Gold, and Platinum are the three account kinds available to users. Each account has its own set of features and perks, such as swap discounts, access to webinars and videos, VPS services, and so on. Spreads, swaps, and other fees are the only costs associated with trading. In addition, the broker offers Islamic swap-free accounts and a test trading account.

T1Markets’ MT4 Web Trader platform and mobile trading app allow users to trade on more than 300 financial instruments, including CFDs, Forex, Cryptocurrency, Commodities, Indices, Stocks, and Metals. The broker also offers various articles, videos, trading courses, and client assistance from Monday to Friday, 7 a.m. to 5 p.m. GMT.

Is T1Markets a Scam or a Legit? Check Regulations

Yes, General Capital Brokers Ltd (GCB) is the official owner and operator, and they are registered and regulated by the Cyprus Securities and Exchange Commission (CySEC), and its license number 333/17.

Scam Broker Investigator verifies a new Forex broker’s government license to determine if they are a scam or a legitimate broker. Once you’ve seen your broker’s license in person and confirmed it with your government’s financial authority, you’ll know they’re a legitimate broker.

Our recommendation: Trading at T1Markets Review

  • Maximum FX leverage is 1:30 for retail traders
  • The fifth decimal is available
  • Hedging is there
  • Open account in three easy steps
  • News alerts are there for market players
4.2
Rated 4.2 out of 5

Advantages and disadvantages of T1Markets Review

  • CySEC Regulated broker
  • Trade on 300+ financial instruments.
  • Trade with the MT4 Web Trader and the mobile app.
  • Clients can open segregated accounts with the broker.
  • Negative balance protection is provided by the financial service provider.
  • Fees for overnight swaps are high.
  • MT5 is not offered by the broker.
  • Apart from several other jurisdictions, it does not accept clients from the United States and North Korea.

Trading Accounts 

T1Markets provides three different account types: Silver, Gold, and Platinum, as well as a demo account and an Islamic swap-free account. As indicated below, each account has its unique set of features and benefits:

Platinum Account

The account is intended for business clients. The platinum account has the smallest spreads, starting at 0.03 pips. On the basis of leverage, accessible currency pairings for trading, and deposit commissions, this account is identical to the other two. On the Platinum Account, clients may get up to 500:1 leverage.

Gold Account

There are no differences between the accounts in terms of deposit commissions. There are no commissions on deposits in any of the accounts. In terms of spreads, they’re a little modest in the gold account, starting at only 0.05. The leverage is also the same compared to the platinum and silver accounts. The Gold Account has a leverage of 4001:1.

Silver Account

The silver account is for those who are new to trading. There are no deposit commissions, and spreads start at 0.07 pips. This account type allows retail clients to leverage up to 1:30, while professional clients can leverage up to 1:200. On the Account, you may get up to 200:1 leverage.

How to open a Trading Account with T1Markets?

The account opening procedure has several phases to it. More personal information, financial information, employment data, and a trading questionnaire to evaluate your expertise are all included in this section.

  • Users must click the Sign-Up button on the broker’s homepage to register an account. Users will be prompted for personal information such as their name, email address, and password.
  • The broker is subject to standard anti-money laundering regulations as a regulated entity.
  • For verification, users must produce evidence of identification and proof of address documentation, which can be done through the client portal area.
  • Users can access a variety of account functions through the client portal area, including managing accounts, making deposits and withdrawals, and more.
  • Clients from the United States, Asia, Africa, and Latin America are not accepted by the broker.

Our recommendation: Trading at T1Markets Review

  • Maximum FX leverage is 1:30 for retail traders
  • The fifth decimal is available
  • Hedging is there
  • Open account in three easy steps
  • News alerts are there for market players
4.2
Rated 4.2 out of 5

Trading and Financial Instruments

This broker offers incredibly low spreads on their website, as low as 0.7 pips on the indicative EUR/USD spread. However, according to our T1Markets assessment, the broker does not honor these spreads. Their genuine spreads are approximately three pips, making it impossible for any trader to compete. The broker’s product offering is very standard, with a few forex currency pairs and a variety of CFDs across the major categories.

This broker features a bespoke online interface that most traders will find unsatisfactory, rather than allowing traders to use the conventional MetaTrader 4 platform or any significant competitors. As a result, traders don’t have the same range of action or ability to evaluate markets as other platforms due to a lack of functionality.

Commission and Spreads

Fortunately, the broker’s website contains some information on their spreads. If there has been no action on a positive balance account for more than 61 days, the broker will incur a monthly inactivity fee of 160 EUR, according to the broker’s legal documents. If there has been no activity for more than 271 days, the penalty increases to 500 EUR.

  • T1Markets does not charge commissions; only spreads and swaps are charged. 
  • Although the overnight swap rates are higher than the industry average, there are certain discounts available. 
  • Swap values can only be found in the Specification tab of the exchanged instrument on the broker’s trading platform.

Leverages

The broker offers maximum leverage of 1:200 to retail clients. T1Markets offers a 1:500 leverage to professional clients. The leverage is also dependent on the asset and, as previously stated, the type of account used

  • On the Platinum Account, clients may get up to 500:1 leverage.
  • The Gold Account has a leverage of 4001:1
  • You may get up to 200:1 leverage with a silver account

Deposit and Withdrawals

T1Markets allows fee-free deposits with credit/debit cards, bank transfers, and Klarna. Once logged in, you can accomplish this directly from the client portal section. Withdrawals can also be made straight from the client portal, but only to accounts with the same name and beneficial owner.

Withdrawal requests can be made directly from the client portal section. The individual making the request should be the actual account holder of the bank account linked to the trading account with the financial service provider.

Trading Platforms 

T1Markets provide three types of the trading platform to its traders. And, all the platforms are equipped with various good features. All three types of trading platforms are elaborated below:

MetaTrader4

Traders who day trade forex expect MT4 to be their favorite trading platform. This is because the majority of intraday forex traders rely on modest but frequent price swings to make money.

More than 30 technical indicators are built into the MT4 platform to assist traders in achieving this goal. SSL technology is also used on the MT4 platform. This is one of the most effective security-based technologies platforms can employ to keep user information from leaking out of the official server. Features of MT4 is given below:

  • There is no need to download anything.
  • a total of 30 technical indications
  • Several execution modes are available.
  • Quotes in real-time
  • Platform support built-in

WebTrader 

WebTrader is known to sync with any MetaQuotes software that is already installed on the PC. This means that if the clients use any other software from the same parent firm, WebTrader will use all of their credentials to cater to them. This is likely to be done manually by the trader.

Traders can access more than 25 technical indicators on the platform. To begin, these include moving averages and Fibonacci retracements. WebTrader comes with a variety of market execution mechanisms pre-installed. The two markets, two stop orders, and a trailing stop function are all included. In addition, the web trader includes a number of features, including:

  • Traders can compare different assets with their separate charts in several windows.
  • The current balance levels are displayed in real-time. There is an indicator to the trader when the balance reaches the margin. It is necessary to take steps to ensure that the funds do not go below the margin levels.
  • WebTrader will keep the trader up to date on the current trading conditions. The presence of a bull/bear market is what defines trading conditions. 
  • It becomes a little easier for traders to make decisions because the platform reveals a consistent pattern or “trading situation.”
  • If a trader has multiple accounts on the same platform, the WebTrader can move between them with a single click.
  • The platform has a built-in support system in addition to the customer support provided by the FSP.
  • A live chat option is also available.

WebTrader is known to sync with any MetaQuotes software that is already installed on the PC. This basically means that if the clients use any other software from the same parent business, WebTrader will accept all of their credentials and utilize them to cater to themselves, rather than the trader having to do so manually.

Traders can access more than 25 technical indicators on the platform. To begin, these include moving averages and Fibonacci retracements. WebTrader comes with a variety of market execution mechanisms pre-installed. Two markets, two stop orders, and a trailing stop function are included.

Company Details

Assets

  • Commodities
  • Stocks
  • Indices
  • Metals
  • Forex 40+

Basics

  • Country: Cyprus
  • License: 333/17
  • Regulations: CySEC

 

Customer Service

Our recommendation: Trading at T1Markets Review

  • Maximum FX leverage is 1:30 for retail traders
  • The fifth decimal is available
  • Hedging is there
  • Open account in three easy steps
  • News alerts are there for market players
4.2
Rated 4.2 out of 5

Mobile Apps

The trader has access to the MT4 trading platform via the mobile application. Simply said, T1Markets’ MetaTrader4 Mobile application allows traders to trade while on the go or doing anything else.

Rather than intraday traders, the mobile application is appropriate for active traders. Because their goal is to scrape every last penny of profit, they prefer charts on a larger screen. Around ten times every month, active dealers trade. The mobile app is a better choice for this. A few features of the MT4 mobile trading application are shown below.

  • Android and iOS versions are available.
  • Nine distinct timeframes are available to view.
  • Use technical analysis software.
  • Prices are updated in real-time.
  • On-the-go trading

Education and Research

T1Markets offers a variety of on-demand videos, tutorials, and courses on a variety of topics. This comprises MetaTrader training as well as economics and other trading-related topics. These can be accessed under the Education page on the broker’s website.

T1Markets delivers trader research through its Trading Blog’s News Articles and a website’s Economic and Earnings Calendar. Rather than offering live market analysis, the trading articles are more educational.

Customer Support

T1Markets provides email, contact form, phone, and live chat service Monday through Friday from 7 a.m. to 5 p.m. GMT. We were greeted by an agent roughly 3 minutes after logging onto the live chat service.

Contact Information:

  • Address: WorldTrade Center, 1st Floor 28th October Street 359 3107 Neapoli, Limassol, Cyprus
  • Email: [email protected]
  • Phone No.: +80040408888

Conclusion

The broker T1Markets is fully regulated, and its services are superb. The account kinds are arranged logically. The rules are in order, and the funds are safe. The platform provided is the finest at what it does and can be used on various devices.

The instruments offered by the broker are designed to increase the customer’s profit potential. To put it another way, T1Markets is an excellent broker for both newcomers to the financial market and those who have spent some time there.

T1Markets profits mostly from spreads and swaps on specific asset classes.

Credit/debit cards, bank transfers, and Klarna can be used to fund a trading account.

A minimum deposit of 250 EUR is required.

T1Markets offers maximum leverage of 30:1 for retail clients and 200:1 for professional clients.

Experiences
12

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