Alyaziah Hayat | May 15, 2022
Table of Contents
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. I like how the broker also has a selection of trading tools, educational materials and account funding options.
Broker 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
T1Markets is a regulated broker for online trading that offers you 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. I appreciate that they don’t charge any commission on trades with spreads starting from 0.03 pips and flexible leverage of up to 1:500 available for professional clients. If you still require a much larger leverage, I recommend checking out Traders Way.
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 (CySEC) under license number 333/17.
The broker states that they prioritize your security above everything else, by adopting the latest cutting-edge technologies of data protection to help ensure trading within a safe environment. I like how each financial transaction is encrypted so that personal details are never disclosed or shared.
T1Markets offers its services to more than 20 countries including Austria, Czech Republic, Bulgaria, UK, Slovak Republic, Malta, Poland, Portugal, and more. They do not accept traders in the USA. If your country is not accepted by T1Markets, I recommend checking out our broker comparison tool for alternatives.
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.
I like this platform as it has an abundance of built-in trading tools for market analysis along with multiple chart types and timeframes. The platform also supports a variety of order types, one-click trading and automated strategies. Furthermore, there is an MQL marketplace where you can share additional tools to further enhance the platform’s capabilities.
I really like the MT4 web trader version as it can run in most modern web browsers without needing to download or install any additional software.
T1Markets has 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. However, they don’t provide the Autochartist tool like other top brokers such as Go Markets.
You can improve your trading knowledge and skills via a free educational hub created by trading experts from all over the world. I like how this hub contains convenient formats, a selection of materials, and thousands of hints to help support informed trading. There are also videos on demand, eBooks, online courses and articles.
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. However, you can find much more instruments up for trading with other top brokers like IG.
T1Markets has three types of trading accounts, with spreads and leverage created to meet different trading goals, market strategies, and investment demands. I appreciate that 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.
You should know that negative balance protection, Investor Compensation Fund and recourse to the Financial Ombudsman Service are 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. I find it really beneficial to have different currency options 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. I also really appreciate how they also provide Islamic account types that comply with Sharia law upon request.
T1Markets provides 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. I would’ve liked to see them offer their support 24/7 like other top brokers such as Trading 212.
T1Markets has 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. You should know 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.
I don’t like how some payment systems may have transaction limits, restrictions, and requirements that are indicated on their respective websites. You may also need to verify your account to remove limits on particular methods in some countries. T1Markets strictly does not accept third-party payments. I like this rule as it prevents any fraudulent activity. All funds deposited into your trading account must be under the same name as your T1Markets trading account.
There is a short online form to complete on the broker’s 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 broker’s onboarding process.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
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 also has a selection of educational materials along with trading tools and flexible payment methods. You can compare their tools and services with other top brokers at our best trading platforms.