Review T1Markets

Headquarters in Cyprus

Quick Look

T1Markets is one of the newest online CFD brokers, with the site launching in 2020. They are CySEC regulated and have over 300 assets to offer covering all the main asset classes such as forex, cryptocurrency, commodities, indices, and individual stock CFDs. All of these are tradeable using the MetaTrader 4 mobile and web apps.

Following what seems to be a recent trend, the broker offers just three account tiers: silver, gold, and platinum. Unlike other brokers most of these tiers have access to all the perks, although there are a few that get added at the higher tiers as you’ll learn later in this review. There is also the ability to get approved as a professional trader, which also conveys some additional benefits.

Trading at T1Markets is commission free and traders only need worry about spreads and swaps, or other account related fees. Clients can also take advantage of a demo trading account to test the broker and Islamic swap-free accounts.

The broker also has a solid education center, offering access to a variety of training materials in the form of courses and tutorials, as well as webinars and video on demand. The customer support staff is available five days a week from 07:00 to 17:00 GMT.

T1Markets Quick Look

T1Markets Pros and Cons

Pros

  • Regulated by the Cyprus Securities and Exchange Commission.
  • Commission-free trading.
  • Over 300 assets to trade on.

Cons

  • Swap rates are higher than average.
  • Limited research reports and asset analysis.
  • No MetaTrader4 desktop version.

Broker Regulation

T1Markets is a brand of General Capital Brokers Ltd. and the broker has been licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 333/17, which can be viewed on the CySEC register here. Because it is CySEC regulated the broker also offers all clients segregated trading accounts and negative balance protection.

Clients are also protected by T1Markets being a member of the Investor Compensation Fund, and such technical protections as SSL software, strong data encryption, and server firewalls to block access to client data.

Account types

T1Markets has four tiers of accounts although most will only take advantage of the first three as the fourth is very exclusive. These four available tiers are Silver, Gold, Platinum, and Pro. Each comes with benefits, but as you move up in tiers, you’ll find smaller swap fees, smaller spreads, and additional perks for the gold and platinum levels, such as a free VPS. One nice perk for all the tiers is a dedicated account manager.

T1Markets Account types

Silver Account

  • 1:30 leverage (up to 1:500 for Pro accounts)
  • No swap rebates
  • 0.7 pip spread on EUR/USD
  • Webinars and Videos
  • Dedicated account manager

Gold Account

  • 1:30 leverage (up to 1:400 for Pro accounts)
  • Swap discount 25%
  • Variable spread
  • Dedicated account manager
  • Webinars and Videos
  • Free VPS

Platinum Account

  • 1:30 leverage (up to 1:500 for Pro accounts)
  • Variable spread
  • Swap Discount 50%
  • Free VPS
  • Webinars and Videos

Pro Account

VIP clients get access to the Pro account and must qualify based on three criteria:

  • “Relevant” trading volume with at least 10 trades per quarter.
  • Portfolio worth over €500,000. (check with support)
  • Financial sector experience.

Pro level accounts can access higher leverage and a premium loyalty program. In addition, all accounts can take advantage of Islamic rules that make them Sharia compliant by getting rid of overnight swaps. Furthermore a demo account is available to test the broker platform and trading conditions.

Trading Platforms

Webtrader – T1Markets offers the MetaTrader 4 Web Trader as the primary platform. Because there is no need to download software, and the app will run in most modern browsers, it has become increasingly popular over the past few years. That said, it isn’t as powerful as the desktop version of MT4, but it does have a strong emphasis on order management. Traders will like the one-click trading available in the MT4 Web Trader, as well as the more than 30 built-in indicators.

Mobile app – T1Markets also offers the MetaTrader 4 mobile app, which is available for both iOS and Android devices. This mobile app is designed for on-the-go individuals and makes trading convenient, quick, and easy. It will put the power of MT4 in your pocket and allows you to enjoy the same powerful features available in the Web Trader platform.

For some reason T1Markets does not offer the MetaTrader 4 desktop application, which requires a download and installation on a PC. The desktop app is more powerful than the Web Trader and mobile app and more experienced traders might miss this version most.

Available Assets

T1Markets offers its clients six distinct asset classes. These are:

  • Forex
  • Commodities
  • Shares
  • Indices
  • Metals
  • Cryptocurrencies

Because there are so many asset classes offered it is easier for clients to find trading opportunities no matter what the markets are doing. The available assets include over 45 currency pairs, CFDs on more than 30 cryptocurrency pairs, CFDs on over 20 agricultural commodities, energies, and metals, CFDs on 20+ major global stock indices, and CFDs on over 45 of the largest global equities.

T1Markets Available Assets

Education and Research

T1Markets has a rich educational portal, offering up courses, tutorials, eBooks, and video on demand. It also includes a report season calendar and economic calendar to identify potential future opportunities. While the educational materials are most suitable for beginning traders, there’s also some material included that will be helpful for more experienced traders too.

Courses – Courses on social trading and economics are included.

Tutorials – These tutorials are geared towards the MetaTrader 4 platform and teaching clients how to get the most out it.

Ebooks – The ebook section is one of the largest and it includes beginner and advanced technical analysis, trading psychology, capital management, and more.

Video on Demand – In the VOD section traders can find a variety of topics including currency pairs and determining if you are an emotional trader.

Economic/earnings report calendars – These calendars will help with future trading strategies and in deciding where to focus your research.

Customer Service

T1Markets provides customer service via email, telephone, online chat, and a web form. Support is offered Monday through Friday from 7:00 GMT to 17:00 GMT.

When contacting the support center with questions we were provided quick and complete answers by a friendly and professional representative.

Phone: +80040408888

Webform: Contact Us Form or Contact Management Form

Email: support@t1markets.com

In Conclusion

We found this broker to have complete offerings and we feel they can be recommended with confidence. The CySEC regulation is obviously a big plus and ensures the broker is available to traders across Europe. Also, we found the customer service staff to be adequate, and the educational portal is quite helpful for traders of all experience levels.

Beginners will especially get value from the included educational materials, but all types of traders will have a good experience if they choose T1Markets.

Contact us directly

Contact us directly for further inquiries about our products and services.



 
SEND YOUR REQUEST