T1Markets Broker Review: T1Markets is a recently started company dedicated to providing trading services and products at robust low prices. The venture is established in the Republic of Cyprus, working under high regulations. The company is a trading name of investment firm GCB Ltd, which is also a registered national organisation. Some of the broker’s noteworthy features are low minimum deposit, high leverage services, free demo account, a wide range of products, good customer service, trading platforms, and more.
Here, today, we’ll present the readers with an unbiased T1Markets broker review. It would include all the prominent traits necessary for a trader. Let’s start with if the T1Markets broker safe or a scam!!!
Table of Contents
- 1 Is T1Markets Scam?
- 2 The Bottom Line
Is T1Markets Scam?
License: T1Markets is the broker company’s trading brand name, GCB (General Capital Brokers) Ltd. (Republic of Cyprus), which provides its clients with best trading products & services. Further, within a short period, the company is got licensed under the top non-banking financial body, i.e. CySEC. The brokerage firm is regulated under the Cyprus Securities & Exchange Commission with the license number 333/17 on 10th August 2017.
CySEC is a widely known non-banking finance company’s governing body that mainly operates forex and CFD brokers worldwide. The venture, General Capital Brokers Ltd., is registered with the number HE 345774 in the Republic of Cyprus nation.
The firm is also authorised to offer financial services and products to the EEA (European Economic Area), with MiFID rules & regulations. The clients’ money is safe with the company’s regulation with the ICF (Investor Compensation Fund). The insurance organisation would pay an amount up to 20,000 Euros to eligible users, in catastrophic cases like T1Markets going insolvent.
T1Markets Broker Review 2021: Primary Traits
T1Markets Products: The broker offers various products for CFD trading to all the users at highly competitive prices. The company is dedicated to providing genuine services so that no broker is left behind or novice. Here are some examples of financial instruments from every market type:
Commodities: Oil, Natural Gas, Sugar, Coffee, and more.
Stocks: Amazon, Apple, Facebook, Google, and more.
Forex Pairs: USD/EUR, GBP/USD, CAD/USD, and more.
Indices: Dow Jones, NASDAQ, IBEX, and more.
Metals: Gold, Silver, Platinum, Palladium, and more.
Cryptocurrencies: Bitcoin, Ethereum, Ripple, and more.
Apart from this, note that all the assets are available for trading at a no-commission basis from the broker’s side. The company only charges spreads. Overall, there are 350+ financial instruments available with its reach up to 10000 markets.
T1Markets Platform
The broker offers popular MT4, which is used by most good trading websites for providing vital services. The tools help users to make better decisions with entry and exit points and other related investing activities. One can access the Meta Trader4 via his mobile or web, as suitable.
The MT4 is created by a Russian organisation, namely MetaQuotes Software Corporation. Some of the prominent traits, i.e. benefits, which traders get are:
- More than two dozens of drawing tools for examining trades,
- Straightforward, easy to use UI,
- 30+ technical signals & indicators, with increment possible by plugins.
- 9 Real-time charts, available for 1 min to 30 days timeframe,
- Price notifications on the phone via email, SMS, and pop-ups.
- Real-time bid and ask price to customers,
- One-Click investing,
- Caters into 35+ languages,
- Risk management tools,
- Offers access to MQL market.
T1Markets Types of Accounts
T1markets provides the customers with three robust account types, i.e. silver, gold, and platinum. Every account type is segregated and consists of different services. Apart from it, there are three more kinds of accounts, namely professional, demo account, and Islamic. Note that these are not retail accounts and thus, do not provide the conventional features.
Some of the good traits of every account are:
Retail Trading Accounts: It includes three types and is suitable for a single individual wanting to trade or invest.
1. Silver Account
- Lowest Spreads: 0.07
- Deposit Commission: 0%
- Leverage (Up to): 1:200
- Base Currencies: EUR/USD, USD/JPY, USD/CAD, EUR/GBP, NZD/USD, USD/CHF, AUD/USD, GBP/USD, and more.
Other Features:
- Fast withdrawal within five days of the request.
- Frequent News Alerts
- Dedicated Account Manager Assigned for Consultancy
- Free videos, webinars, seminars, and more.
- 24/5 Customer Support
- Hedging Available
2. Gold Account
- Lowest Spreads: 0.05
- Deposit Commission: 0%
- Leverage (Up to): 1:400
- Base Currencies: EUR/USD, USD/JPY, USD/CAD, EUR/GBP, NZD/USD, USD/CHF, AUD/USD, GBP/USD, and more.
Other Features:
- Free VPS accessible
- Fifth decimal quotes available
- Swap Discount of straight 25%.
- Fast withdrawal within five days of the request.
- Frequent News Alerts
- Dedicated Account Manager Assigned for Consultancy
- Free videos, webinars, seminars, and more.
- 24/5 Customer Support
- Hedging Available
3. Platinum Account:
- Lowest Spreads: 0.03
- Deposit Commission: 0%
- Leverage (Up to): 1:500
- Base Currencies: EUR/USD, USD/JPY, USD/CAD, EUR/GBP, NZD/USD, USD/CHF, AUD/USD, GBP/USD, and more.
Other Features:
- Free VPS accessible
- Fifth decimal quotes available
- Swap Discount of straight 50%
- Fast withdrawal within 5 days of the request.
- Frequent News Alerts
- Dedicated Account Manager Assigned for Consultancy
- Free videos, webinars, seminars, and more.
- 24/5 Customer Support
- Hedging Available
Professional Account
Personalised account for experienced, professional investors looking for best services.
Demo Service Account
Free demo account for beginners to experience real trading and the features, tools of a broker.
Islamic Account
Dedicated account for the traders of Islam religion.
Payment: T1Markets broker provides many options to deposit or withdraw money in the trading account. The available ways are credit, debit card options, bank transfer, and E-wallets. Some of the few payment methods are:
- Skrill,
- SafeCharge,
- Neteller,
- Wirecard,
- DECTA,
- Orangepay,
- Trustly,
- VISA,
- Master Cards,
- Maestro,
- VPay.
The time to proceed a withdrawal request is five days, as the identity verification is completed and instant for deposits. Apart from it, there are some withdrawal charge too if one takes out funds before two transactions in the account. An inactivity charge is there with T1Markets.
Leverage:
The broker also provides high leverage service to give all its traders a chance to make good earnings. However, note that high margin trading is also a path to significant losses. Thus, whenever using this volatile, sensitive tool, be sure to take calculative risks, not abrupt ones. Here is a glimpse of leverage service provided by T1Markets broker in different account kinds.
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
T1Markets Broker Review: Fees & Charges
T1Markets trading company only earns from spreads of financial instruments and don’t cost any commission. Besides, note that the broker’s spread charges are utterly volatile, i.e. keeps varying according to many factors like account type. Some of the T1Markets spread on different market products in different accounts are:
Product Silver Gold Platinum
Oil 28 20 18
Gold 80 70 60
EUR/USD 250 200 200
Additionally, there might be some overnight swap fee too with T1Markets. The spreads start from 0.03 for silver, 0.05 for gold, and 0.03 for a platinum account.
Research Material
The broker’s research tool portal helps the clients make the right decisions related to trading and investing. The content involves material like economic calendar, news analysis by analysers & experts, earnings calendar, and more.
Tools like earnings & economic calendars are updated every quarter, posting important dates of trading, investing, and finance-related events. The other, i.e. earnings calendar, consists of significant dates of all leading ventures releasing their financial data. It includes companies such as Apple Inc., Amazon, Google, etc.
Educational Tools
The trading site also has an education page which works to enhance the users’ knowledge and skillsets. The content is easy to understand, and the page is simple to navigate for novices. It consists of:
Videos: Short Animations of 2-3 minutes to cover fundamentals
Webinars: Online Workshops to cover foundational trading topics
Seminars: Offline workshops for serious traders
E-books: Topic dedicated books to include concepts like Bollinger Bands, forex indicators, MT4, etc.
Courses: Trading courses to summarise market dedicated material like stocks, forex, indices, crypto, commodities, and more.
Articles: 300-750 words write-ups involving topics connected to trading.
T1Markets Account Opening
Account opening process with T1Markets is easy to understand and straightforward, whether live, demo, retail, professional, or an Islamic account. It doesn’t take more than 15-30 minutes and includes the following steps:
- Go to the T1Markets broker’s official website: https://www.t1markets.com/ (Update with our lead generation link)
- Click on the “Sign up” option.
- Fill the Registration Page, information, questionnaire, and all other required details.
- Upload documents for identity verification
- Deposit funds & start trading
Note that the T1Markets might take some personal, financial data, and documents for verifying the customers’ identity. Once the verification is completed, add your money and start investing. It is a five-step process, which is utterly quick and simple for anyone in the trading world.
The Bottom Line
Overall, T1markets is a worth noting trading website, must try for everybody and best for beginner to mid-level traders. The company provides different kind of services with platinum holders enjoying the best features. The broker is the latest establishment to the trading industry and would require some time to be a leader in the investing world. Therefore, any investor looking for a genuine, trustworthy brokerage website with good services are right to go with T1Markets Broker Review 2021.
Yet, if anyone is still confused, then opting for their free demo account would be an excellent go-to option. Practise with T1Markets now to experience real trading and build your own trading style.