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:	[email protected]
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 2020

CONTENT

1. GENERAL INFORMATION
2. FUNDS TRADING AND SECURITY
3. TRADING ACCOUNTS
4. THE TRADING CONDITIONS
5. TRADING PLATFORM
6. T1MARKTES’ TRADING PRODUCTS
7. CUSTOMER SERVICE
8. T1MARKETS REVIEW CONCLUSION

Broker Review: T1Markets

 

General Information

T1Markets is a new broker that started its operations only earlier this year. The company is based in Cyprus, and its exact location is the WorldTrade Center, 1st Floor 28th October Street 359 3107 Neapoli, Limassol.

It’s not difficult to realize that T1Markets is a modern broker just from looking at its webpage. It follows the standards of contemporary brokerage web design, in that it looks professional and minimalistic while it’s functioning remains smooth. The broker even integrated trackers for some prominent assets on its landing page, so you can check them with a quick glance.

Other than that, you can find everything you need to know neatly organized into drop-down menus located near the top of the webpage. Everything you need to know is only a few clicks away, so the usually tedious broker research process passes by rather quickly. On the bottom of the page, you can see the usual legal disclaimer, as well as some short regulatory info.

However, what traders are usually interested in isn’t looks or webpage functionality. Although that’s a big part of a broker’s overall service, it fades in comparison to trading comparison. So, let’s take a look at some of the most important trading-related benefits that T1Markets provides:

·         EXTENSIVE KNOWLEDGE DATABASE

Although trader education features have become the norm in recent times, they are a side-thought for most brokers. T1Markets, however, goes into detail, making the process of becoming a capable trader much easier. There are tons of texts you can read, including materials and articles, but there are also videos for those that prefer to consume knowledge that way. The broker also offers free courses without the need to even sign up. As the online trading world is seeing more newcomers, learning features look to be more important than ever.

·         NO FEES

Many brokers opt to add small fees to either trades, deposits, or withdrawals. The charges usually are not too large, rarely going over two or three percent. However, even that small of a difference can be backbreaking, as trading is inherently full of risk. Traders should know to avoid brokerages where the scales are tipped against them, and fees represent exactly that.

·         EXCELLENT SECURITY

Safety has become a pressing issue in trading, especially in recent times. With an influx of new traders, more scams have popped up, hoping to exploit their inexperience. Nobody likes getting their money stolen, so choosing a broker with quality security protocols is a must. Luckily, T1markets has made sure that they are in that category, with a CySEC license and top-grade encryption.

Funds Trading and Security

As we just said in our T1Markets review, the security, especially for a new trader, is astounding. Many start their operations with weak regulation, or even none at all, so it’s great that T1Markets went through the trouble of getting a CySEC license before even opening. The regulator guarantees that, even in the potential case of wrongdoings, you’ll get your funds back. However, the chance that the broker will attempt any malicious behavior is low by itself, considering the firm’s pristine reputation.

Moving further, the broker also provides high-end encryption for all the data you input. Encryptions ensure that even in case of a hacking, your data is scrambled and can’t be read without a key. Naturally, that leads to only you and the company being able to see what you type in. Lastly, the firm promises not to share any of your data with third parties, which is reassuring and has become quite common.

 

The Trading Accounts

T1Markets has a demo account which you can use to inspect each part of the broker’s service. The account, naturally, has demo funds you can use to get an authentic trading experience via your platform of choice. You will also be able to view the full asset list along with getting a feel for the responsiveness of trades. Once you are certain you want to invest, you can move on and start a live account.

The live accounts are separated into three categories, with Silver, Gold, and Platinum. The three accounts are quite balanced, not leading to a situation where there is a huge investment requirement for a decent service. What improves between account types is the max leverage you can receive, as well as the spreads, which get slightly tighter. Overall, the accounts fall into a sweet spot where upgrading gets rewarded but doesn’t feel like a necessity.

One more interesting detail about the account typing at T1Markets is that there’s a distinction between retail and professional traders. The professional account upgrade allows for higher levels of leverage, along with some special loyalty offers. The firm possibly made the distinction since newer traders end up getting ahead of themselves with leverage and end up losing much more than they can afford. However, we’d like to present some of the specifications of T1Markets’ accounts:

 

·         SILVER

Deposit commission: 0%

Spreads starting from: 0.07

Leverage up to: 1:30 (Retail), 1:200 (Professional)

Available base currencies: EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

Free VPS: No

Dedicated Account Manager: Yes

Fifth Decimal: No

Swap Discount: None

Islamic Account: Yes

 

·         GOLD

Deposit commission: 0%

Spreads starting from: 0.05

Leverage up to: 1:30 (Retail), 1:400 (Professional)

Available base currencies: EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

Free VPS: Yes

Dedicated Account Manager: Yes

Fifth Decimal: Yes

Swap Discount: 25%

Islamic Account: Yes

 

·         PLATINUM

Deposit commission: 0%

Spreads starting from: 0.03

Leverage up to: 1:30 (Retail), 1:500 (Professional)

Available base currencies: EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and more

Free VPS: Yes

Dedicated Account Manager: Yes

Fifth Decimal: Yes

Swap Discount: 50%

Islamic account: Yes

 

Trading Conditions

As you can see from the account details, the trading conditions at T1Markets are good enough to compete with market leaders. Leverages reach up to 1:500, which provides great assistance, while not letting you get too carried away. The spreads are tight and allow for precise predictions and trades. The higher account types also give you a very welcoming swap discount. There’s also a ton of payment and withdrawal options, and all of them process quite quickly.

Even the details usually not included in the primary group of conditions are excellent. The learning tools are amazing, allowing traders to improve their skills rapidly. Moreover, they offer Islamic accounts, which lets more traders enjoy the service T1Markets provides. Each customer also gets a personal account manager to assist them. The security, as we already mentioned earlier in our T1Markets review, is top-notch.

Overall, both the primary and secondary conditions are exceptional. The broker seems to have thought about everything when designing its service, covering both practical and luxury features.

 

Trading Platform

T1Markets luckily rejected the modern broker trend of proprietary platforms and went with the reliable choice in MetaTrader4. The software has been among the most widely used platforms for quite a while now, and for a good reason. New traders reap the benefits of an intuitive interface and ease of use, allowing them to quickly start trading on their own. Veterans aren’t left out either, with tons of analytical tools in their hands, all of which they can use to increase the precision of their predictions.

MetaTrader4 also has two significant convenience features, the web and mobile trader options. Trading over the phone has been rising in popularity, as mobile devices slowly replace desktops as people’s primary tech devices. The mobile trader supports that, allowing for trading over any mobile device with a simple app download and internet connection. The web trader serves a similar purpose, increasing trader mobility but in a different way. The option allows traders to access the platform via any desktop device by simply signing into their account, without the need to download.

 

T1Markets’ Trading Products

T1Markets’ asset selection is both wide in that it covers all the significant categories and deep within that there are a lot of different assets you can trade. Namely, the total count clocks in at over 350, meaning it’s more than likely you’ll find your trading product of choice. The instruments fall under these categories:

• Currencies
• CFDs
• Commodities
• Digital currencies
• Stocks and indices

 

Customer Service

T1Market’s support structure follows the usual formula of a 24/5 work time with a phone line, email, and live chat available. Although it’s nothing groundbreaking, the methods are reliable, and there’s a reason they’ve become the industry standard.

Phone number: +80040408888

Email: [email protected]

T1Markets Review Conclusion

T1Markets is an excellent broker on all fronts. Starting with the most important details, their security is top-notch, ensuring a fair trading experience. To back that up, the service you get while trading is also amazing, rivaling companies that have been present on the market for years. There also provide multiple luxury services, which show us that the broker paid great attention to details.

All the great factors mentioned above are made even more impressive by the fact that T1Markets is less than a year old. Already, we’d recommend you try it out and are eager to see how the broker will take their service even further.