Traders looking to trade CFDs can enjoy trading over 350 CFD assets ranging from Forex to Metals on T1Markets trading platforms. In this review, we will be focusing on providing you all the information you need at your disposal about T1Markets and other aspects you need to consider before choosing a CFD broker.
74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Basic information from T1markets review
About the broker
|Web:||t1markets.com74-89% of retail CFD accounts lose money|
|Supported languages:||English, German, Polish, Spanish, Italian, Swedish and Portuguese|
|Holder:||GENERAL CAPITAL BROKERS (GCB) LTD|
|Headquarters:||28th October Street, 359 WTC, 1st Floor, 3107, Limassol Cyprus|
|Methods of contacting customer support:||E-mail, phone, online chat|
|Contact:||[email protected] +80040408888|
|Deposit methods:||Debit and Credit Cards, Neteller, Skrill, bank transfer|
|Withdrawal methods:||Most likely the same as deposit methods|
About trading with T1markets
|Minimum deposit:||250 USD|
|Spreads:||Look at the spread table – minimal spread on the currency pair EUR/USD is 0,7 pips * on a standard account type|
|Underlying assets:||CFDs on:Forex (45), shares, commodities, indexes, cryptocurrencies (30)|
More information about the broker(text provided by the company representative)
What Is T1Markets?
T1 market is a new CFD broker that started operation in July 2020. It does offer varieties of CFD trading assets, which include Cryptocurrencies, Forex, metals, etc. CFD traders also enjoy varieties of favorable trading conditions, including tight spreads, no commission, and leverage up to 1:200 for professional CFD traders.
Additionally, T1Market is owned by General Capital Brokers Ltd (GCB), with headquarters in Cyprus. T1Markets is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 333/17. This makes T1Markets a legal CFD broker, much like other legitimate CFD online brokerage firms.
How To Get Started
Opening an account with T1markets takes place in three simple steps.
- Visit T1markets’s official webpage, hit the account opening button, and provide all required personal details.
- Upload all required identity and address verification documents, including a scanned color copy of your ID and bank statement. You are expected to upload a scanned copy of your driving license and fill in your house address.
- Choose an account type and make a payment deposit of $250 via any T1Markets approved payment options.
Traders from most countries of the world are welcomed to trade with T1Markets. However, traders from the US, Canada, and some African countries are restricted from T1Markets’s trading list.
Deposits And Withdrawals
The payment deposits and withdrawals methods available are Credit Card, Safecharge, Payvision, Wire Transfer, Neteller, and Skrill. You should submit withdrawal requests before 9:00 AM CY time for same-day processing.
MetaTrader4: T1Markets CFD broker has fully adopted the MT4 platform to meet both professional and beginner traders’ needs. This platform is simply the best trading platform around, with varieties of trading tools, charts, and indicators for making highly accurate market predictions.
WebTrader: T1Markets also offers its traders a browser-based trading platform that enables traders to access and monitor their trades. Traders can also place trade orders via T1Market’s powerful webtrader and make predictions using its advanced trading tools without worrying about their data’s safety.
T1Markets mobile app: T1Markets mobile trading app is also available for download on iTunes and Google PlayStore. The app makes use of advanced, cutting-edge technologies to serve traders better. Much like the MT4 app, traders can perform instant execution, make sound predictions, and enjoy other features that bring them a step closer to their trading goals.
T1Markets offers leverage between 1:30 and 1:200 max. Beginner traders or retail traders trade with a leveraging position of 1:30; such a low leverage position allows beginner traders to trade at low risk. In contrast, professional traders enjoy a leveraging position as high as 1:200 since they are better experienced in minimizing risks resulting from high leverage positions.
Based on experience level, traders can choose between a retail and professional account for all three types of trading accounts.
The silver account offers features like a dedicated account manager, news, alerts, and hedging. It also gives traders a tight, variable spread starting from 0.07. Retail traders enjoy a leverage position of 1:30, while professional traders wanting to minimize their trading risk can enjoy a leverage position of 1:200 with a Silver account.
The gold account also has all the silver account features and a 25% swap discount together with free VPS and the addition of the fifth decimal. Also, traders enjoy tight spreads starting from 0.05, 1:30 leveraging position for retail traders, and a leverage position as high as 1:400 for professional traders.
The platinum account comes with all the Silver and Gold account features and an increased swap discount of 50%. Also, retail and professional traders enjoy tight spreads starting from 0.03, 1:30 leveraging position for retail traders, and a maximum 1:200 trading position for experienced traders.
Note: Trading margins can go as low as 70% in some situations for professional traders. To be eligible for a professional trading account requires professionalism. You should submit proof of your trading experience. And your portfolio size should be at least 500,000 EUR.
Fees & Spreads
When an account is inactive for 61days, T1Markets will impose a charge of 160 Euro. If it reaches 91 days, the user will get an additional 120 Euro levy. Inactivity for 181 days attracts a 200 Euro fine, while 271 days inactivity attracts a 500 Euro charge.
Minimal spreads at T1markets on standard account*
* Spread was taken 17.5.2019 at 12:31 from the web or trading platform of T1markets.
T1Markets facilitates trades in over 350 CFDs assets grouped into the following categories:
- Shares: Shares traded include 3M, Adobe, AIG, Alcoo, etc.
- Indices: Popular indices traded include CAC 40, China Enterprise 40, and DAX 30.
- Cryptocurrencies: Popular cryptocurrency pairs traded include ADA/USD, BAB/USD, BSV/USD, BTC/EUR, etc.
- Forex: Popular currency pairs traded on Brokereo include EUR/USD, GBP/USD, USD/JPY, AUD/USD, etc.
- Commodities: popular commodities traded on Brokereo include Brent oil, Cocoa, Coffee, Copper, etc.
- Metals: E.g., XAG/USD, XAU/USD, Platinium, Palladium, etc.
Customer Support And Resources
T1Markets runs a reliable customer support system. Traders can reach T1Markets via the following customer support channels:
- Dedicated helpline: +80040408888
- Email: [email protected]
- FAQ page: T1Markets also has a rich FAQ page that addresses varieties of issues traders may likely face.
Note: Traders also have access to tons of educational materials on the T1Markets mobile app to equip them with the required trading knowledge and skills.
Is T1Markets Safe Or A Scam?
T1Markets is a safe CFD broker to trade with. Besides, it is regulated by CySEC, and it does follow MiFID and ESMA’s guidelines and directives to ensure traders have the best trading experience.
The T1Markets is a new broker in these modern times, and they offer what many brokerage entities may not provide you. They are licensed and have a sound customer support system. So, if you are having a problem choosing a trading broker, you might want to consider T1Markets.