T1Markets Broker ReviewMinimum Spread : 0.05
Foundation Year : 2020
Min Deposit $ 250
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T1Markets Broker Review 2020 – Regulation, MT4 Platform, & More: T1Markets is a 2017 started, Republic of Cyprus based CFD trading broker. The company is operating under GCB Ltd, which is a registered firm of the nation and licensed financial body. The firm provides clients with robust trading services & products at highly competitive prices. The organisation offers its services to more than 20 countries which includes Austria, Czech Republic, Bulgaria, UK, Slovak Republic, Malta, Poland, Portugal, and more.
There are several base currencies available to facilitate deposit and withdrawals, like EUR/USD, USD/JPY, GBP/USD, etc. Some other prominent services of the broker include great UI, UX, trading platforms, free demo account, excellent customer assistance, high leverage, a wide range of trading assets, and many more. The minimum deposit with the T1Markets is $250.
Is T1Markets Scam or Legit?
T1Market is a Republic of Cyprus based trading company and is a trading name of the GCB (General Capital Brokers) Ltd., having registration number HE 345774. The company is regulated under the financial body, CySEC, with license number 333/17, dated 10th August 2017. CySEC is a non-banking governing body which monitors the activities of brokers, under them, and makes sure that every client is unbiasedly served.
Apart from the CySEC regulation, T1Market is also a prominent member of the Investor Compensation Fund (ICF) and serves more than 18 nations globally. ICF works to protect the monetary interests of every user and also provides insurance up to 20,000 euros to every customer. Each customer’s fund is secure with these bodies, with everyone’s money held into different segregated accounts in top national banks.
Note that the company obeys the rules stating that the firm can’t use client funds in catastrophic cases like bankruptcy.
Overall, T1Market is one registered brokerage firm, licensed with a top tier financial body, and works under several rules & regulations with policies like ICF, and thus, is utterly safe to trade.
T1Markets Broker Analysis: Features
T1Markets Trading Assets:
The broker offers a number of financial instruments to users for trading. There is no commission on placing any order, and the available assets are:
- Stocks: More than 45 shares including top ones like Apple, Facebook, & Amazon,
- Forex: 45+ currency pairs such as GBP/USD, AUD/USD, & EUR/USD.
- Indices: 20+ indices including top ones like NASDAQ, S&P 500, Dow Jones, and many more.
- Metals: More than 20 prominent metals, including XAG/USD, BALLAD/USD, etc., available for trading,
- Commodity: 20+ commodity assets for trading like oil & orange.
- Cryptocurrency: Crypto includes BTC, ETH, XRP, and 30 such more.
Overall, there are about 350+ trading instruments with T1Market. Note that the assets are not available for possession as the company only offers CFDs on trading products. The company scope expands to more than 50 markets globally.
T1Markets Trading Platforms:
T1Markets broker offers the widely used MT4 trading platform for all their customers to execute trades. The tool is available through the company’s Webtrader and mobile app versions. With Metatrader4, a user will get the following benefits:
- One-Click trading,
- 24+ tools for analysis,
- Easy, customisable, and straightforward UI,
- Supports 35+ languages,
- 30+ technical indicators (and the number can be raised with the aid of plugins)
- 9 Real-time frame charts, accessible for 1 minute to 1 month time,
- Risk management tools,
- Price notification alerts on the phone via SMS, pop-ups, and via email.
- Access to the MQL market, where several other tools are available for download,
- Real-time bid and ask price to customers,
T1Market Account Types:
The trading website offers three different kinds of accounts for trading, i.e. silver, gold, and platinum. Every account has its characteristics and is suitable for a different type of trader. Here are some prominent details about every account:
- VPS: No
- Swap Discount: 0%
- Spreads: 0.07
- Leverage: 1:200
- VPS: Yes
- Swap Discount: 25%
- Spreads: 0.05
- Leverage: 1:400
- VPS: Yes
- Swap Discount: 50%
- Spreads: 0.03
- Leverage: 1:500
Apart from this, there are some good services provided by the broker, which are common in all the account types. These services are:
- No Deposit Commission
- News Alerts for All
- Dedicated Account Manager
- Webinars & Videos
- 24/5 Customer Service
T1Markets Withdrawal & Deposits:
There are a number of ways to take out or add funds in the T1Market account. The available methods are debit/credit card options, bank wire transfer, and E-wallets. Here are a few payment options:
- Master Cards,
Besides, the processing time for deposits is instant, and withdrawal is processed within five days, once the verification is done. Also, note that there might be some withdrawal fee if there are less than two transactions in your account and an inactivity charge might also apply with T1Market.
T1Markets Customer Service:
Every bit of T1Markets broker customer support was at par with industry standards, i.e. above average. The response time and the executive’s case handling was impressive, taking less than a minute to respond. The assistants were rational, logical, and polite in their approach. Here are some ways to contact the broker:
- Telephone: +80040408888
- Email: firstname.lastname@example.org
- Live Chat: To instantly provide the required information
- Feedback Form: Available if the query is not resolved
Further, the broker is available from Monday to Friday, 07:00 to 17:00 GMT. One can choose the contact way at the convenience of his choice. Their trading venture also serves a dedicated FAQ page with the broker to help resolve common queries.
T1Marker broker provides robust leverage service for customers. Here are some glimpses of maximum leverage available in every market.
Market Silver Gold Platinum
Stocks 1:50 1:50 1 :50
Indices 1:125 1:125 1:125
Commodities 1:125 1:125 1:125
Currencies 1:200 1:400 1:500
Make sure to take calculated risks while using margin trading. Indeed the tool is a great tunnel to earn significant gains but can also fall one into massive losses.
Company doesn’t charge any commission on any trade; it solely earns from spreads. There are no fixed spreads with the broker, and further, it keeps varying with the type of account also. Here are some spread points for different markets.
Product Silver Gold Platinum
Oil 28 20 18
Gold 80 70 60
EUR/USD 250 200 200
Apart from these charges, there are overnight swap charges too with the broker. The lowest spreads start at 0.03.
T1Markets Research Tools:
T1Markets research portal aid users with excellent tools to make the right decisions related to entry/exit points and other trading activities. The material consists of the economic calendar, market and news analysis by experts, earnings calendar, etc.
Earnings calendar includes notable dates of all the top-notch organisations like Apple Inc., which are scheduled to post their financial statements.
The economic calendar features important events’ dates related to trading.
Both calendars are updated every three months.
T1Markets Education Material:
T1Markets broker educational content offers useful material to all its clients for free. The material helps both beginners and professional traders and is easy to understand & navigate for everyone. The educational content includes:
Videos: Short Animations of 2-3 minutes to cover fundamentals
Webinars: Online Workshops to cover essential topics
Seminars: Offline workshops for serious investors
E-books: Dedicated topic Books to clear concepts like forex indicators, candlestick charts, MT4, etc.
Courses: Courses to cover utter markets such as forex, crypto, commodities, and more.
Articles: 400-800 word blogs covering trending, essential fields.
The Bottom Line: How to Trade on T1Markets?
Overall, T1Markets is a genuine, regulated broker providing high-end services at reasonable rates. The broker is new to the path but giving harsh competition to counterparts. The account opening process with the broker is also an easy three-step process which involves the following:
Step 1: Register: Provide all the information requested by the company to verify your profile and upload the required documents for verification. The executives will be available to help you and also provide you with a username & password.
Step 2: Deposit: Add funds in your accounts to start trading. Note that the minimum deposit with the broker is $250 to start real trading. One can also go with the company’s free demo service to practise and experience the fantastic T1Market’s UI.
Step 3: Trade: The last step is to research and trade. Choose a product and do both fundamental & technical analysis to get the prediction right in your favour.
At last, T1Markets is suitable for both types of users, i.e. novices and experienced ones.
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