Our review of T1Markets found that this reputable forex broker lets you trade hundreds of instruments quickly and safely. From cryptocurrency to metals, trade varied CFD products with peace of mind thanks to its CySEC license and ICF membership.
T1Markets gives you significantly low spreads and leverage rates of up to 1:200. The broker also provides you with insightful training materials. These insightful online courses, videos, and ebooks help you make the right decisions when using the award-winning MetaTrader 4 platform. The customer support team is on hand five days a week and answers your questions within one minute.
If you’re looking to trade cryptocurrency CFDs, this brokerage’s selection of 30+ pairs makes it a perfect choice. Continue reading our expert review to discover more in-depth information about T1Markets.
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T1Markets General Information and Licensing
Our T1Markets review discovered this STP broker adheres to tight safety regulations. Founded in 2020 in Cyprus, this brokerage holds a license from the Cyprus Securities and Exchange Commission (CySEC) (license no. 333/17).
T1Markets works under directives imposed by the Markets in Financial Instruments Directive (MiFID) and the European Securities and Markets Authority (ESMA). Along with its trusted license, T1Markets uses financial safety features. These include negative balance protection, account segregation, and client protection under the Investor Compensation Fund (ICF). This means if the company can’t fulfill its financial obligations, the fund will give you up to €20,000 in compensation. The level of importance they put on your safety when trading impressed our T1Markets review team.
T1Markets Trading Instruments
When you open an account with T1Markets, you get a vast selection of instruments to choose from. The broker offers 350+ different financial assets, these include:
- 45+ currency pairs
- 30+ cryptocurrencies
- 45+ stocks and shares
You can also trade indices, commodities, and metals at T1Markets. These instruments all come with lucrative trading terms and conditions.
Instead of charging you commissions, T1Markets use spreads and overnight swaps to determine the trading fees. Spreads are variable and have pips as low as 0.3 – our experts agree that this is a great deal when compared to other forex brokerages.
T1Markets Trading Platforms
While trading with T1Markets, you can use the mobile or desktop version of the award-winning MetaTrader 4 trading platform. WebTrader and Mobile Trader offer various insightful tools and features to help you predict future trends. These two versions sync together to allow you switch smoothly between devices when trading.
- WebTrader – WebTrader is a browser-based version of MetaTrader 4 and is one of the best platforms to trade instruments. Not only does WebTrader support various automated trading robots and signals, but it also offers you 30+ research tools, a variety of trade execution modes, and the option to customize your trades.
- Mobile Trader – During our T1Markets broker review, we also found that you can trade whilst on the go. You can download the mobile MT4 application from the Apple App Store or the Google Play Store, and it runs smoothly on all iOS and Android devices. This mobile app features all the technical indicators, trading signals, and customized trades available on the desktop version.
Account Types
At T1Markets, you can register for one of three retail accounts. All of them come with a dedicated manager, a free demo account, and offer you competitive leverages. This brokerage’s Gold and Platinum accounts give you 25% – 50% discount on swaps and a free VPS to make automated trades. The minimum deposit for each account is $250.
- Silver – spreads from 0.7 pips and allow hedging.
- Gold – spreads from 0.05 pips and a swap discount of 25%.
- Platinum – spreads from 0.03 pips and a swap discount of 50%.
If you meet certain eligibility criteria, you can open a professional account. These accounts offer increased leverage amounts of up to 1:200 and other benefits. These are only available to experienced traders who have a financial portfolio worth €500,000. Our T1Markets reviewer team also discovered that the broker offers Islamic accounts. These are Sharia-compliant because they eliminate swaps for overnight trades.
Payment Methods at T1Markets
T1Markets provides you with a variety of payment options. You can make deposits and withdrawals via bank wire, credit cards (Visa, Mastercard, Maestro), Skrill, Neteller, SafeCharge, MIR Limited, Wirecard, Decta, Payvision, Orangepay, eMerchantPay, Trustly, and Paysafe.
T1Markets processes deposits immediately and doesn’t charge you any fees when doing so. The broker also does not charge you to make withdrawals, but can take up to five business days to complete the transaction.
T1Markets Customer Support
Our review of T1Markets forex broker found there are three different ways to contact its customer support available Monday to Friday, from 8:00 to 18:00 GMT.
- Email support: [email protected]
- Mobile call: +80040408888
- Live chat directly from the website
The T1Markets support team responds quickly to your questions or feedback. Our independent tests found each agent we contacted to be extremely helpful and professional. Although it doesn’t come with a social trading platform, this customer-oriented brokerage provides you with insightful educational materials to help you find in-depth answers to FAQs.
Frequently Asked Questions (FAQs)
Is T1Markets a good broker?
Yes, our T1Markets review shows that this is a good broker to trade with. It offers you 350+ assets including currency pairs, commodities, stocks, and metals to choose from. Also, you can trade 30+ currency cryptocurrency pairs with impressive trading terms and conditions. The broker ensures your trading safety by putting your funds in secure bank accounts and by adhering to strict regulations imposed by CySEC.
What fees does T1Markets charge?
As an STP broker, T1Markets doesn’t charge account fees or instrument commissions. However, if you don’t use your account for a certain amount of time, the broker will charge you inactivity fees. Don’t worry, these are easy to avoid. All you need to do is make a trade once a month to prevent this.
What is the minimum deposit at T1Markets?
The minimum deposit requirement at T1Markets is a low rate of $250 for retail accounts. This fee gives you access to the award-winning MetaTrader 4 trading platform, a dedicated account manager, and much more.
Is T1Markets licensed?
T1Markets has a license from CySEC. This means that the brokerage adheres to EU guidelines and directives enforced by the MiFID and ESMA. This makes this company one of the safest and most trustworthy brokers for European and UK traders.
How do I withdraw my money from T1Markets?
T1Markets gives you many options to make withdrawals. These include bank wire, credit cards (Visa, Mastercard, Maestro), Skrill, Neteller, SafeCharge, MIR Limited, Wirecard, Decta, Payvision, Orangepay, eMerchantPay, Trustly, and Paysafe.