T1Markets Review 2020
T1Markets is an online broker that provides the MetaTrader 4 platforms for trading CFDs on some of the most popular assets including Forex, Stocks and Commodities. The platforms are available as a mobile trading app or web trader. The broker also has a selection of trading tools, educational materials and account funding options.
T1Markets Review 2020, Pros & Cons
- Regulated brokerage firm
- Mobile & web MetaTrader 4 platforms
- Selection of educational materials & trading tools
- Various account funding options
- No commissions
- Not the tightest spreads
- No US clients
- No daily market analysis
In this detailed T1Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
T1Markets is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including T1Markets.
T1Markets Review: Summary
T1Markets is a regulated broker for online trading that offers user-friendly trading platforms for buying and selling various CFD instruments including forex, cryptocurrencies, commodities, indices, stocks and metals such as silver and gold.
The broker has a selection of educational resources and trading tools along with prompt customer support through various channels. There is no commission on trades with spreads starting from 0.03 pips and flexible leverage of up to 1:500 available for professional clients.
T1Markets Review: Regulation
T1Markets is the trading name of General Capital Brokers Ltd (GCB) with Registration Number HE345774 regulated and authorized by the Cyprus Securities and Exchange Commission under license number 333/17.
The broker states that they prioritize the security of clients above everything else, by adopting the latest cutting-edge technologies of data protection to help ensure trading within a safe environment. Each financial transaction is encrypted so that personal details are never disclosed or shared.
T1Markets Review: Countries
T1Markets offers its services to more than 20 countries which includes Austria, Czech Republic, Bulgaria, UK, Slovak Republic, Malta, Poland, Portugal, and more. They do not accept traders in the USA.
Some T1Markets broker features and products mentioned within this T1Markets review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
T1Markets Review: Trading Platforms
T1Markets provide instant access to global markets via the modern and intuitive MetaTrader 4 mobile app with live charts and 90+ analytical tools, all which are available directly from your smartphone. MT4 is one of the most popular online trading platforms that is used by traders all over the globe.
The platform has an abundance of built-in trading tools for market analysis along with multiple chart types and timeframes. The platform supports a variety of order types, one click trading and automated strategies. Furthermore, there is an MQL market place where users can share additional tools to further enhance the platforms capabilities.
There is also the MT4 web trader version that can run in most modern web browsers without needing to download or install any additional software.
T1Markets Review: Trading Tools
T1Markets have some useful trading tools including an economic calendar, report season calendar and trading signals. The provided MetaTrader platforms are likely to have plenty of implemented tools to meet the needs of many traders.
T1Markets Review: Education
Clients of T1Markets can improve their trading knowledge and skills via a free educational hub created by trading experts from all over the world. This includes convenient formats, a selection of materials, and thousands of hints helping to support informed trading. There are videos on demand, eBooks, online courses and articles.
T1Markets Review: Trading Instruments
With T1Markets, traders get access to trade CFDs on 350+ various assets with T1Markets. This includes forex currency pairs, stocks, cryptos, metals, indices, commodities and more.
T1Markets Review: Trading Accounts & Fees
T1Markets have three types of trading accounts, with spreads and leverage created to meet different trading goals, market strategies, and investment demands. All accounts have 0% commission whilst spreads vary from 0.03 to 0.07 depending on the account type. Leverage ranges up to 1:30 for retail clients and up to 1:500 for professional clients.
To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.
It is important to note that negative balance protection, Investor Compensation Fund and recourse to the Financial Ombudsman Service is removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.
Accounts can be opened USD, EUR & GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Gold and Platinum account holders get a free VPS and swap discount. There are also Islamic account types that comply with Sharia law available upon request.
As broker fees can vary and change, there may be additional fees that are not listed in this T1Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a T1Markets broker account for online trading.
T1Markets Review: Customer Service
T1Markets provide support via telephone, live chat and email. They are on hand to answer any general or technical question that you may have related to their brokerage services from Monday to Friday, from 07:00 to 17:00 GMT.
T1Markets Review: Deposit & Withdrawal
T1Markets have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. T1Markets strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your T1Markets trading account.
T1Markets Review: Account Opening
There is a short online form to complete on the brokers official website in order to apply for a trading account. You will need to provide some personal information and pass the KYC verifications with proof of address and identification. This is a normal part of a brokers onboarding process.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
T1Markets Review: Conclusion
T1Markets is a trading broker that is regulated and offers hundreds of CFD instruments for trading via easy to use platforms that can be accessed via your web browser and smartphone. The broker has a selection of educational materials along with trading tools and flexible payment methods.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.