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T1Markets Review & Rating [yyyy]

T1Markets Review & Rating 2022

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In this T1Markets broker review, we focused on both publicly available information and personal contact. Moreover, we go through the Broker's history and evolution to justify the change over time. We applied the same standard in the T1Markets broker review.

T1 Markets review

Is T1markets scam or legit? We highly recommend that you read our T1Markets  review before starting trading with this brokerage firm. It will allow you to determine if T1markets is a scam or not.

T1Markets is a relatively new broker in the industry, which is why many investors are looking for a review of its services, to find out its pros and cons, opinions and whether it is a safe broker.

However, before investing in any broker, you should know the maximum details about it. Is it reliable to put your money into it? Is the price shown in this Broker accurate? To learn more, you can continue reading the AtoZ Markets T1Markets  review.

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Overview

Company
8/10
Trust
9/10
Trading Platform
8/10
Account Types
9/10
Costs
8/10
Customer Support
9/10
Regulation
8/10
Cryptocurrency
9/10

Company

8 /10

T1Markets is the trading name of General Capital Brokers Ltd (GCB) with Registration Number HE345774 regulated and authorized by the Cyprus Securities and Exchange Commission under license number 333/17.

T1Markets is a CFD trading broker that allows trading in forex, cryptocurrency, commodity, stock, indices, metals, etc. The main aim of the company is to provide a transparent environment to meet traders' empowerment.

T1Markets is a trading platform that provides its traders with the services and performance opportunities to increase traders' trading knowledge. The broker offers over 300 financial assets covering almost the entire market.

Pros and Cons

Pros

  • Account opens quickly
  • Regulated
  • Different types of trading accounts available, including a demo.
  • Award-winning broker
  • Several options for withdrawal and depositing funds
  • Accessible through multiple devices
  • Zero commission on depositing money

Cons

  • No MT5
  • Does not accept clients from the US, North Korea, apart from some other jurisdictions.

What Trading Assets Does T1Markets Offer?

T1Markets offers many different trading tools to their clients . As there are so many trading tools available, investors won't have a hard time finding something they enjoy trading with. Trade the following instruments on T1Markets:

  • Metal Trading CFDs
  • Indices Trading CFDs
  • Stock Trading CFDs
  • Cryptocurrency Trading CFDs
  • Commodity Trading CFDs
  • Forex Trading CFDs

There are around ten thousand markets where one can get a chance for trading. You can choose on as per the choice.

All in all, it is the CFD king, and awards also speak about its credibility.

Trust

9 /10

Is t1markets trusted?

T1Makets has elevated the level of trust of its clients and shown the world the might it can display with plenty of awards it has won.

  • Best crypto broker 2020
  • Forex Awards, the Best cryptocurrency broker
  • World forex Award- The Best CFD broker 2020
  • World finance- Best forex education provider 2020
  • It has a forex awards certificate for winning awards.

These awards do not come easy, as the competition is too high in every category. So, only trusted and reliable forex brokers that provide excellent and quality service can win awards.

T1Markets has worked in that frame and offered some heightened stuff to get to that position of receiving awards. Be it CFD, spreading education for forex trading or being the best CFD broker across various platforms, it is a feat.

Also, all these awards are incredibly prestigious, and many brokers compete with each other through their relentless performances to achieve them every year.

T1Markets uses firewall and SSL software to protect client funds and private information. The broker offers strong data encryption at every level and services in SAS 70 certified data centers. 

T1Markets also complies with the European MiFID directive to Know Your Customer (KYC). With the help of this, the broker makes sure that no one is using the platform for money laundering purposes. Also, due to this policy, the broker knows exactly who is trading with them.

During registration, investors will be required to provide a type of document that will be used to verify their identity and where they live.

Among the documents you will need to provide during registration are a color copy of a valid passport or ID, a color copy of a utility bill and proof of filing.

Trading Platform

8 /10

T1Markets has web-based and mobile-based trading platforms so that traders from all levels and all places can trade with this Broker. The web-based trading platform is based on the world-class MT4 trading platform, which is very popular among traders.

T1Markets MT4 Web Trader

T1markets Web platform

image credit: T1Markets

WebTrader is a browser-based terminal from where you can diversify your portfolio in just a few clicks. It doesn't require any preliminary installations or downloads to access the full service. It has the same functionality as the native platform MT4. Other features of these trading platforms are mentioned below:

  • Customized synchronization- This trading platform sync with other Metaquotes software to ensure fast and reliable performance.
  • There are almost 30 technical indicators in-built analytical instruments, including Fibonacci retracements, moving averages, and many more.
  • Variety of trade execution modes- Instant Execution, two market orders, four pending orders, and two stop orders, and a trailing stop function.
  • Trading history- You can see reports on your trade operation types, numbers of lots, and all the details of your trading history.

T1Markets Mobile App

T1markets mobile app

image credit: T1MARKETS

T1Markets mobile app is available on iOS and Android-based devices run by MetaTrader 4. On your smartphone or a tablet, take you to the new peaks of trading self-fulfillment. Moreover, instant execution orders mode enables traders to trade continuously. On the other hand, pending orders mode takes the weight of continually managing your trades. Other features are mentioned below:

  • One-click management- You can open and close numerous trades, stop loss, take profits, and other orders in one click.
  • Nine timeframes- There are nine different timeframes to meet any of your long and short-term trading strategies.
  • Technical Indicators- There are many trading indicators- from Lines, channels, bars, Gann, Fibonacci and Elliott Wave, and many more.
  • Trade notifications- You can have Market news and updates right on your phone.

Overall, the trading environment of this Broker is convenient, but one thing matters are the availability of MT4 software. Currently, most of the forex brokers in the world provide MT4 and MT5 software in both Windows and Mac, not available in this Broker.

T1Markets Education Center

T1Markets have several education materials to boost your trading knowledge-

Trading Article- It covers the basic trading rules that are important for all traders. These articles are good enough compared to the industry.

  • VOD- It covers most of the advanced levels instrument regarding trading psychology and knowledge.
  • Ebook- Covers most basic knowledge about financial market trading.
  • Courses- Economic and social trading courses that are free for all traders.
  • Trading Signal- It is available to traders for free, and the most crucial part is that we have analyzed and found the accuracy of the signal is very high.

Account Types

9 /10

Before you start trading on T1Markets, you need to create a trading account with the broker . The type of account you choose will have a huge influence on your trading account, so it is very important to choose the one that suits you best.

According to our analysis by T1Markets , the broker offers three main types of accounts, they are:

 

  1. Silver
  2. Gold
  3. Platinum

 

Since the broker offers such different account types, it is very easy to find something that is perfect for you . These accounts are very different from each other and are created for different types of Forex traders. Below, we will discuss these accounts one by one.

Silver Account

The silver account is a perfect option for those who are still very well known in the Forex trading market .

 

This type of account is a great option if you want to trade Forex while learning more about the market.

 

The great thing about the silver account is that you don't have to pay money on deposits. Furthermore, the spreads are quite competitive and stand at 0.07, while the maximum leverage is 1: 200. You can access dozens of different currency pairs, such as EUR/USD, USD/CAD, NZD/USD and many more. .

Gold Account

The gold account is very similar to the silver one, but has a little more offers. If you use the gold account, you will not have to pay any fees on deposits, just like the silver account.

The differences are visible when it comes to spreads and leverage. For gold account users, the leverage is 1: 400 and the spreads are just 0.05. There are many currency pairs available for maximum traders enjoyment.

Platinum Account

Of these three account types, this one was created for the more experienced Forex traders . Just like the other two, you won't have to pay any fees while making deposits to your platinum account. When it comes to the spreads for the Platinum account, they can go as low as 0.03. The leverage is very high and stands at 1: 500.

Additionally, platinum account users can use a free VPS and take advantage of the fifth decimal , while enjoying a swap discount of up to 50 percent.

Islamic Account

The broker offers an Islamic account in respect of clients of different religious beliefs, backgrounds and cultural traditions. This follows the rules according to sharia law. Islamic trading account consists of no swap and rollover interest on overnight positions which is contrary to the Muslim faith.

Some key features of the Islamic account

 

  • No hidden costs or re-quotes
  • No interest / swap charges on overnight positions
  • No time limit for holding positions
  • No widening of spreads
  • No upfront fees
  • Leverage up to 1: 200
  • Instant free access to our trading platforms
  • Customer support: 24/5
  • Dedicated Account Manager

Demo Account

The T1Markets demo account is available for newbies who are beginners in the trading field. Traders can hone their trading skills and knowledge with the help of a demo trading account. 

Clients will have the same environment as a real account to build their trading strategies and models. Trading CFDs carries high risks which increase the chances of losing money when trading on a live platform. The broker has provided multiple execution modes for forex trading.

 

Support for each type of account is available 24/7.

How To Open A T1markets Account

Opening and activating an Account on T1Markets is very simple, just follow the steps listed below:

 

  1. By clicking on "Open an Account" the page containing the registration form will open, enter the required data, Name, Surname, email (verified and active), mobile number, and a password;
  2. Once you have filled out the form , you will land on the "Information" page where you must enter your residence address, postcode, city and date of birth;
  3. The third step will be the compilation of the "Questionnaire" , a bit slow and boring but answering the questions accurately will help the platform to profile our account;
  4. Sending of documents to allow the platform to authorize and activate the account;
  5. Minimum deposit of  $250.

Cryptocurrency

9 /10

Crypto

If you are looking for a platform to trade cryptocurrencies, we have good news!

Our T1Markets review team found that this broker allows you to trade Cryptocurrencies on more than 30 different cryptocurrencies:

With T1Markets you can trade on more than 30 CFDs of various cryptocurrencies having available a wide range of trading options in cryptocurrencies (from Bitcoin to Ethereum) with flexible spreads on various currency pairs and advanced assistance 24 hours a day and 5 days of the week.

 

With T1Markets you can in fact create a real account in a few minutes and start trading with CFDs on all the cryptocurrencies available on the platform:

 

  • BTC - USD
  • BTC - EUR
  • ETH - USD
  • ETH - EUR
  • LTC - USD
  • LTC - EUR
  • DSH - USD
  • DSH - EUR
  • XRP - USD
  • XRP - EUR
  • XLM - USD
  • XLM - EUR
  • ADA - USD
  • IOT - USD

These are just some of the crypto you can trade on thanks to T1Markets, which also won the Best Crypto Broker Award .

Costs

8 /10

T1Markets does not charge any commission from retail and professional clients. T1 Markets generates its profit through swaps and spreads. T1Market is a commission free trading platform that offers trading on various tradable instruments. The overnight funding fee is based on assets versus assets. The broker only charges for a leverage position. 

  • Forex spreads start at 0.07 pips on EUR/USD, 0.9 pips on EUR/GBP and 1.3 pips on GBP/USD.
  • Stock Spreads: Silver account spreads start at $0.07, Gold account spreads start at $0.05, and Platinum account spreads are 0.03.

See below a more elaborate table with the spread variables of T1 Markets:

T1 Markets Forex List

Leverage 

Leverage is a subject matter of how you use the facility offered by the broker. On silver, gold and platinum accounts, you get leverage of 1:30 (retail account). However, in a sense, lesser leverage keeps the reins of investments in checks and ceases losses.

Deposit and Withdrawal 

For depositing and withdrawal of funds, you may use the following services:-

  • Skrill
  • VPay
  • Mastercard
  • MIR Limited
  • DECTA
  • OrangePay
  • Payvision
  • Wirecard
  • Visa
  • Emerchantpay
  • Paysafe
  • Trustly
  • SafeCharge

The method is safe and secure for users. Besides, it takes up to 5 days for withdrawal of funds.

Customer Support

9 /10

In the world of Forex and trading in general, it is very important to get help when you need it .

T1MARKETS customer Support

In the case of T1Markets , the support team is pretty good. Although the broker does not have a dedicated page for frequently asked questions and answers, the customer support team is very knowledgeable.

You can contact them by:

Online chat is the fastest option and it only takes a few minutes for the team to answer you and give you the information you were looking for. Also, the customer support team is multilingual which is very good considering that the broker offers services across Europe.

Regulation

8 /10

Is T1markets Regulated?

T1Markets regulations

Yes. This FX broker is registered and regulated in Cyprus with license number 333/17. The regulatory agency that takes care of everything this broker does is the Cyprus Securities and Exchange Commission (CySEC) which is one of the best known Forex broker regulators in the world.

As a regulated FX broker, T1Markets proves that the services it offers to traders are safe and secure.

Also, due to the regulations, there are several guidelines that the broker must follow. First of all, in order to function legally, the broker must hold a minimum capital of €750,000, in addition, they keep their clients' funds on segregated accounts, which means that trading with them is quite safe.

Even if something goes wrong and the broker declares bankruptcy, traders' funds will be kept safe. According to our T1Markets review, the broker also follows the Investors Compensations Funds regulations, which means that every investor is registered with the ICF.

In the event of bankruptcy, if a trader is unable to recover their funds, the fund will be able to compensate up to €20,000.

T1markets Opinions

It is very easy to check T1Markets opinions of users  on the web. Through a simple research we see how other sources also confirm that the broker under examination is not a scam and does not defraud its customers, but rather offers all those useful services to investors to be able to carry out the trading activity to the full of their abilities.

There are numerous positive T1Markets opinions that confirm the good qualities and solidity of this broker.

Conclusion

As per our findings, we can say that the T1Markets is a secure and technology-based CFD broker with an MT4 web trader platform from where traders can access 300+ trading instruments. There are enormous educational tools and free-market signals that allow traders to make money from the forex market, even if they don't know forex.

On the other hand, the variety in trading account types is also attractive for retail and professional traders.

Overall, T1Markets may provide better trading opportunities. If you want to open an account with this broker, you must research before making a deposit.

Reviewed By

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