T1Markets is a forex trading broker that was inaugurated in 2020, located in Cyprus. However, in terms of age, they are really new, and we did complete research to check them out as many traders want to try a new broker but couldn’t find a way to start. So, here we will provide you with the T1Markets review so that you can make your decision whether to trade with them or not.
So, first, let’s find out if they are legal or not as many new brokers start the business without any registration and turn out as a scammer.
T1Markets Review: Things you should Know Before Trading with T1Markets
T1Markets Review: Is T1Markets Legit?
Cyprus Securities and Exchange Commission (CySEC) regulates the T1Markets as they are based in Cyprus. Besides, T1Markets is allowed to operate in Europe as Cyprus is a part of the European Union. So, CySEC will ensure that the broker follows the EU requirements.
The membership of CySEC makes the T1Markets trustworthy and legit.
Now that we are confirmed, T1Markets is not a scam, and we can move forward with the details about them.
T1Markets Account Types
Most of the broker offers a demo account to their clients, T1Markets also offer a demo account. They provide their brokerage service with three account types. However, trading accounts are allocated as per the user’s investment capabilities and trading behaviors.
However, a new user doesn’t get to select his account type initially. After the approved registration, the trader will get a call from the account manager to decide the account type.
The three account types are Silver, Gold, and Platinum. Following is the comparison of among three types.
|Maximum Leverage for retails clients||1:30||1:30||1:30|
|Maximum Leverage for professional clients||1:200||1:200||1:200|
|Tradable currencies||45 currencies including the majors||45 currencies including the majors||45 currencies including the majors|
T1Markets Review: Instruments
T1Markets has started their operation in a way that traders will never feel they are deprived of accessing any markets. From our T1Markets forex brokers reviews, we have found that they offer almost all the available instruments in the trading world.
With T1Markets cryptocurrencies CFDs, you will be able to trade more than 30 cryptos, including bitcoin, Litecoin, etc.
T1Markets’ forex will let you trade the majors, minors, and exotic pairs. Altogether they offer 45 currencies. However, most of the traders prefer the major pairs as it has quick liquidity value. On the other hand, some expert traders also prefer to trade other unpopular currencies.
Access to more than 20 commodities assets around the world in 50 markets will definitely enhance your trading experience.
According to the experts, it is always better to invest in the same index instead of investing in different companies on a different index. With that in mind, T1Market provides index trading opportunities, which includes 20+ indices from all over the world.
You will have access to 45+ top stocks in the world on 60 stock markets. You will be one click away from trading top stocks like Apple, Google, Facebook, etc.
Metals are precious and safe to trade. T1Markets has 20 commodity assets on more than 50 metal markets so that you will get a competitive price while trading.
T1Markets Review: Trading Platform
T1Markets use the same forex trading platforms for all the instruments, which is MetaTrader 4. They offer three separate trading features, Webtrader, Mobile trade, and desktop software. However, all these three platforms have almost the same features, including analytics, trading history, time frames, graphs, charts, etc.
MetaTrader 4, which is widely also known as MT4, is a popular trading platform and trustworthy. So, you will not need to worry about the security of your money with the T1Markets.
Other Features of T1Marktes
All the features are fantastic; however, some outstanding and unique features came to our notice are-
- Islamic Account: Most of the Muslims refrained from trading as it included interest, which is prohibited in Islam. T1Marktes thought of the Muslims and kept the opportunity to operate interest-free trading.
- Customer Support: 24/5 customer service, which is also rapid, should give you the right solution if you ever face any problem.
- Education: Unlike other brokers, T1Markets wants to make their traders ready for the market. So that users can make provide out of their trading. Education support is open for all the registered T1Markets traders. Moreover, they provide videos, tutorials, newsletters, and articles, etc.
Most of the traders don’t consider new brokers as trustable as a result; new broker struggles to gain trust. Besides, some new brokers don’t offer all the outstanding features like T1markets; this can be another reason. From this T1Markets review, you already know that they offer all the features which should be offered by an established broker.
Also, we have found positive feedbacks from real customers, and that is why, despite being a new introduction, T1Markets is getting popular continuously.
So, they are not that far from becoming the best forex broker.