T1markets Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this T1markets Review, we are going to take a look at the offer that this broker prepared for its traders. T1markets is regulated by the CySEC in Cyprus. T1markets operates on the financial market since 1995. When it comes to trading platforms, the broker features MT4. The T1markets minimum deposit is 250 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

Basic information from this T1markets Review

Website address: www.t1markets.com
Operated by: General Capital Brokers (GCB) LTD
Licensed and authorised by regulatory bodies: CySec
Supported languages: English, German, Spanish, Italian and Portuguese
Customer support available via: E-mail, phone, live-chat
Contact details: [email protected] +80040408888
Available deposit methods: Debit and Credit Cards, Neteller, Skrill, bank transfer
Available withdrawal methods: Most likely the same as the deposit methods
Minimum deposit: 250 USD
Min. trade in lots: 0.01
Spreads: Minimal spread on the currency pair EUR/USD0,7 pips * on standard account type
Tradable assets: Forex (45), stocks, commodities, indexes, cryptocurrencies (30)
Mobile app: Yes
MetaTrader 4: Yes
Other trading platforms:
Social trading: No

More information about the broker

(text provided by the company representative)

General Information

T1Markets is a Cyprus based CFD trading company. Their platform is renowned for winning several awards, including BrokerCheck’s best crypto broker 2020 award, World Finance best forex education broker 2020, and more. The company is a brand of General Capital Brokers (GCB) Ltd. Its parent company is duly registered with the Cyprus Securities and Exchange Commission (CySEC), making it a regulated platform.

Only residents in some European countries can access T1Markets’ services. The platform is inaccessible to residents in the US and other countries in America, Africa, etc. The supported countries include Austria, Germany, Bulgaria, Greece, Czech Republic, Hungary, France, Italy, Liechtenstein, Luxembourg, Malta, Poland, Portugal, Slovakia, United Kingdom, Belgium.

There are various tradable assets available on T1Markets, which include Forex, cryptocurrency, commodities, indices, stocks, and metals. Likewise, T1Markets offers over 60 analytical tools for CFD trading. There are more than 45 CFDs on Forex pairs to trade and over 30 crypto CFDs. For commodity assets and indices, you have over 20 CFDs each while there are over 45 stock assets.

Features

●      Zero commission

T1Markets is a platform that doesn’t charge any commission for depositing, trading, or withdrawing. Hence, you can get 100% of the profits that you make.

●      300+ assets

There are over 300 CFD assets to trade on T1Markets. As mentioned earlier, this includes 45+ crypto CFDs, 30+ crypto CFDs, 20+ commodities, 20+ indices, and 45+ stock assets.

●      High leverage

For all markets, T1Markets offers high leverage, even up to 1:500 (for professional account holders). However, it is risky to use bigger leverage.

●      Low minimum pips

Apart from its high leverage, T1Markets offers low minimum pips, as low as 0.03 minimum pips.

Trading Accounts

T1Markets offers Silver, Gold, and Platinum accounts:

Silver account

  • Forex leverage up to 1:200 (only for professional clients)
  • Indices leverage up to 1:50 (only for professional clients)
  • Commodities leverage up to 150 (only for professional clients)
  • Stocks leverage up to 1:10
  • Crypto leverage up to 1:1
  • Hedging
  • Dedicated account manager
  • Islamic account
  • Dedicated support
 

Gold account

  • Forex leverage up to 1:400 (for professional clients only)
  • Indices leverage up to 1:100 (for professional clients only)
  • Commodities leverage up to 1100 (for professional clients only)
  • Stocks leverage up to 1:10
  • Crypto leverage up to 1:1
  • Hedging
  • Dedicated account manager
  • Islamic account
  • Free VPS
  • 25% Swap discount
 

Platinum account

  • Forex leverage up to 1:500 (for professional clients only)
  • Indices leverage up to 1:125 (for professional clients only)
  • Commodities leverage up to 1:125 (for professional clients only)
  • Stocks leverage up to 1:10
  • Crypto leverage up to 1:1
  • Hedging
  • Dedicated account manager
  • Islamic account
  • Free VPS
  • Dedicated support
  • 50% Swap discount

Trading Platforms

T1Markets features two trading platforms – WebTrader and Mobile Trader:

●      Web Trader

For trading on PCs, T1Markets uses the MetaTrader 4 Web Trader, which is accessible on web browsers and PCs (Windows and Mac).

With the MT4 Web Trader, you get 30 built-in technical indicators, including moving averages, Fibonacci retracements, etc.

In addition, it has various trade execution modes. This includes instant execution, trailing stop function, 4 pending orders, 2 markets, and 2 stop orders.

You get reports on your trading history, including your lot numbers and your trade operation types.

●      Mobile Trader

For mobile devices, T1Markets uses the MT4 mobile trading app, which is compatible with both iOS and Android devices.

The mobile app enables you to execute trades with only one click. This includes opening and closing trades, placing direct orders, setting limits, and much more. Furthermore, there are 9 timeframes for your trading strategies, and you get trade notifications.

Customer Service

If you have any questions or inquiries about using T1Markets, you can contact the customer support team via LiveChat, email, phone call, or contact form.

The platform further offers a host of resources to educate users. This includes articles, eBooks, courses, tutorials, VOD, trading signals, report season calendar, etc.

Security

T1Markets is a secure CFD trading platform. First of all, it utilizes SSL encryption and strong firewalls. Furthermore, the platform’s trading servers are located in secure locations. Finally, T1Markets is Level 1 PCI-compliant with strong data encryption.

Conclusion

With T1Markets, you can trade CFDs on diverse markets from your PC or mobile phone. There are several analytical tools to make better analysis and trading decisions. Also, with high leverages, you can risk only minimal capital.

T1markets Fees (minimal spreads)

We have scanned fees (minimal spreads) that T1markets charges when trading popular currency pairs, here is their breakdown in pips.

EUR/GBP EUR/USD USD/CHF EUR/JPY GBP/USD USD/JPY
0,9* 0,7* 0,9* 1,1* 1,3* 0,8*

*Minimal spreads were recorded on 29.09.2020 at 22:19 for the standard account. T1markets spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: Atiora, GFCInvestment, ProfxMarket and SwissFS

Frequently Asked Questions

🧐 Is T1markets a Scam?

T1markets is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that T1markets is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the T1markets minimum deposit?

In order to start trading with T1markets, you have to deposit at least 20 USD (Trading accounts can also be held in USD,EUR,GBP).

📵 What deposit and withdrawal methods T1markets supports?

T1markets allows funding your account via Debit and Credit Cards, Neteller, Skrill, bank transfer.

⚖️ Would you recommend me choosing T1markets?

We don’t have our own personal experience with T1markets. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that T1markets is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

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