| General Information | |
|---|---|
| Broker Name: | T1Markets |
| Broker Type: | Forex |
| Country: | Cyprus |
| Operating since year: | 2020 |
| Regulation: | CySec |
| Address: | WorldTrade Center, 1st Floor 28th October Street 359 3107 Neapoli, Limassol, Cyprus |
| Broker status: | Active |
| Customer Service | |
| Phone: | +80040408888 |
| Email: | Support@t1markets.com |
| Languages: | English |
| Availability: | 24/5 |
| Trading | |
| Trading platforms: | MT4, WebTrader, MobileTrader |
| Trading platform Time zone: | GMT+2 |
| Demo account: | Yes |
| Mobile trading: | Yes |
| Web-based trading | Yes |
| Bonuses: | No |
| Other trading instruments: | Currency, CFDs, Stocks, Commodities, Cryptocurrency |
| Account | |
| Minimum deposit ($): | $250 |
| Maximal leverage: | 1:200 |
| Spread: | Variable |
| Scalping allowed: | Yes |
T1MARKETS REVIEW CONTENT:
T1Markets is a broker that opened its doors in 2020, meaning it’s still very new. The firm’s offices are located in Cyprus, while the exact address is WorldTrade Center, 1st Floor 28th October Street 359 3107 Neapoli, Limassol.
Many traders seem to be extra cautious around newer brokerages, as many of the recently opened firms are often scammers to beware of. However, as soon as you enter T1Markets’ website, you notice an attention to detail absent with malicious brokers. The landing page is quite pleasing to look at and thematically sound. On top of that, there are asset trackers set in place as you scroll down, so the page doesn’t appear static.
However, looks are secondary behind the function. But the good news is, T1Markets doesn’t lack in that department either. Everything runs and loads smoothly, without any traces of stuttering or freezing. Information about the broker and its services is also neatly organized and accessible.
Anything you want to know is never more than a few clicks away. The drop-down menus at the top have navigation to all the relevant info about the broker. Near the bottom of the page, you can see the usual disclaimer about the risks of trading. However, let’s take a look at some of the broker’s best practical features:
The number of scam brokers online has never been a secret. Chances are that if you’ve ever read into online trading tips or pointers, checking the safety of the institution you intend to use is among the first things mentioned. Despite that, the increase in new traders is bringing the importance of good security measures to the spotlight. T1Markets, for example, holds a CySEC license and maintains a pristine reputation, both of which minimize the chances of any foul play.
When visiting online brokerages, you’ll notice that most of them have some form of educational content. It’s become the norm in recent times. However, most brokers integrate them just to have them, without putting in any real effort. T1Markets, on the other hand, has an in-depth collection of both video and audio materials traders can use to improve competence. The best part about it is that it’s entirely free, with even non-customers being able to access everything.
When trading, it’s vital to grab any advantage you can. That also means you need to avoid unnecessary disadvantages. As such, extra fees imposed on deposits, withdrawals, or even trades, should be a deal-breaker. T1Markets sets no such charges, so you’re getting the most out of the money you put in.
Earlier in our T1Markets review, we already mentioned that security was one of the firm’s strongest selling points. While others often start off with weak regulation, or without any, the broker secured a license from one of the most stringent watchdogs. A license by the Cyprian firm, CySEC, is famous for being one of the best trust indicators you can have, and T1Markets has that exactly.
On top of that, the company hasn’t had any security hiccups that would damage its reputation. The broker also ensured all the data customers put in was encryption-protected and safe from anyone trying to intercept their connection. Lastly, the company has a statement on its website, ensuring users that they won’t share users’ personal data with any third parties.
T1Markets ensured that there was a demo account option so that users could try out what it has to offer before investing any funds. The account has some practice finances on it, meaning you can get an authentic trading experience. You’ll be able to conduct a detailed inspection of the platform, its functionality, and all the assets the broker has to offer. Additionally, demo accounts are invaluable practice tools for new or rusty traders.
Once you’re comfortable enough and want to start trading with your actual money, you can open a live account. There are three types, Silver, Gold, and Platinum, moving from worst to best. However, the word worst might be a bit harsh, as even the Silver account provides a thoroughly enjoyable experience. The higher accounts grant you a higher leverage rate, tighter spreads, and some other marginal benefits. There are no crucial features locked behind the more expensive variations, so it doesn’t feel like the firm is forcing you to upgrade.
At T1Markets, there are also separate retail and professional accounts. By default, you’ll receive the former, which has a severely limited leverage rate. If you want to upgrade your account to the professional level, you’ll need to submit certain documentation and go through a verification process. If everything comes back fine, you’ll get access to higher leverages, as well as additional loyalty offers and other bonuses.
Here is a short rundown on each of the account variations:
If you’ve read the rest of our T1Markets review, you’ve already seen us mention that the trading conditions were excellent. However, let’s gather everything up and look at the features together. The leverage is competitive, reaching 1:500 with the highest account tier. The spreads are tight to start off and compress even further as you progress up the accounts.
CySEC is a great regulator, and its license ensures the correction of any potential issues. The reputation is pristine, without any major customer complaints. Lastly, encryption serves as hacker protection, preserving customer data. That means the firm covers the three vital security points, providing its users with a safe trading experience.
There are also luxury features in place which serve to improve reach and customer satisfaction. For example, the firm ensured that there was an option for Islamic accounts and set up bonus programs for loyal customers.
Suffice to say, even though the company is fresh, it competes with even the best. However, new brokers tend to evolve rapidly, so we might be looking at even better conditions in the near future.
T1Markets didn’t try anything unconventional, instead, it went with the tried and tested MetaTrader4. Any experienced trader has undoubtedly used the software and can guarantee it’s quality. It simultaneously serves new and accomplished traders, with intuitiveness and analytical tools, respectively. The best thing about the platform’s wide range of use is that it allows a smooth transition towards more advanced trading levels.
However, that’s not all, as T1Markets ensured there were additional features to make trading more accessible. The mobile trader is one of them, and it lets you trade wherever and whenever, as long as you’ve got your mobile device and a data plan. You’ll need to download the app from your device’s app store, however. On the other hand, you don’t need to download the web trader. It lets you access your account and allows you to trade from any desktop device.
T1Markets did very well in ensuring that the tradeable assets satisfy a wide range of customers. There’s a solid amount of trading instruments overall, with over 350 to pick from. Those 350 are separated into distinct categories, meaning that each section has a reasonable number of assets. So, no matter what your preferred trading product is, you’re quite likely to find it at T1Markets. Here’s a list of categories that the assets fall under:
T1Markets has the typical support structure of a team that works 24/5. You can reach the firm’s agents via phone line, email, and live chat. The three options ensure that everyone can get a quick response to a question or problem resolution.
Phone number: +80040408888
Email: Support@t1markets.com
Even though new brokers have gained a negative reputation recently, T1Markets stands out as what a new brokerage should strive to be. The trading experience rivals the best online brokers, with competitive leverages, tight spreads, good account typing, and a wide asset selection. Security isn’t an issue either, with multiple measures in place to ensure customers can’t get damaged. The platform and support team are standard, which isn’t bad since they both work flawlessly.
As the broker only recently opened its doors, we’re eager to see where it will end up in the future. However, even as it is now, it’s more than suitable as a go-to brokerage for any trader.
Cryptocurrencies represent a digital revolution in the realm of finance, allowing transactions without the need… Read More
Quick Look: Snapchat achieved $1.2B in revenue, surpassing the expected $1.1B. Reported $0.03 per share… Read More
Quick Look: Natural gas trends bullish at $2.01; potential resistance up to $2.22, guided by… Read More
Quick Look: New Ray-Ban glasses feature a 12 MP camera, voice commands, and multimodal AI… Read More
Quick Look: NEAR Protocol sees a strong price rally, currently trading at $7.4 after a… Read More
Quick Look: Bitcoin's price dipped to $62,783.63, reflecting ongoing market volatility. Wormhole W Token launched… Read More