Traders

T1markets Review 2021 – Is It a Reliable Trading Platform?

In a trading world you have come across many trading platforms. They have begun to blend over different markets and make you familiar with various assets. Although, you use one among thousands of trading platforms. 

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In this article, we will introduce you to the “T1 market”. A complete review of what T1 Markets has to offer you. 

Let’s get started..

Overview

Web address : T1MarketsParent company : General Capital Brokers Ltd
Commission on Trades : NoTransfer types : Bank transfer, Credit card, Debit card
Main location : Limassol, CyprusSupported fiat : USD, EUR
Regulated By : CySECSupported pairs : 10000
Mobile app available : YESHas token: No
Is decentralized : NOFees : Medium(Compare rates)

About T1Markets

The platform is a MetaTrader 4-based derivatives exchange. T1Markets offers more than 160 different trading instruments and a range of products in the area of cryptocurrency CFDs. This also provides trade forex, cryptocurrency, commodity, indices and stocks. The trading platform is regulated in Cyprus based on CFD and Forex brokers.

General Capital Brokers Ltd operates the T1Market. The Cyprus Securities and Exchange Commission (CySEC) modulates the platform.When you want to buy CFDs estimation of the price movement is determined but you don’t get the actual basic asset. In this way you can overcome the losses by realizing the profits of the asset. 

Background

In July 2020, T1Market was introduced to the trading world with approximately new CFDs brokers. CySEC manages the broker below registration number via General Capital Brokers Ltd. T1Market controls most European countries (except certain areas where such services are prohibited by country’s law) with currently available in seven languages.

 The regulatory policy makes brokers offer segregated accounts, negative balance protection, and other legal protective measures like KYC (know your customer), AML (Anti- money laundering) and ESMA (European Securities and Markets Authority) guidelines. 

Security

The platform has a tremendous reputation for security and safety concerns. All data regarding accounts are protected by SSL software and Firewalls and  level 1 PCI compliance assistance moderation. These data servers are highly secured with 70 different certified data centers and a variant level of data encryption. 

T1Market is licensed under Cyprus exchange commission. This provides a layer of safety and trustworthiness to the platform.

T1Markets’ Trading Products

The platform offers 300+ financial CFDs to trade covering Forex, Cryptocurrency, stocks and commodities.

The below list contains some of available markets for trading

FOREXCRYPTOCURRENCYCOMMODITIES
EURUSDBTCUSDBrent Oil
GBPJPYETHEURCocoa
NZDUSDXRPGBPCrude Oil
USDINRETCUSDCorn
IndicesStocksMetals
ASX 200AppleXAGUSD
DAX 30BPXAUUSD
DOW 30SonyPalladium
Volatility IndexMicrosoftPlatinum

Deposit and Withdrawal

The platform does not allow third parties or anonymous accounts  for withdrawals. T1Markets have the authority to charge a withdrawal fee depending on the user’s trading account of denominated currency, if only one single position is placed on the account or no trading activity in the user’s trading account  before submission of withdrawal request. 

In case, you wish to withdraw less than EURO 100 than additional fee may apply and you will be informed regarding the charges. 

T1Market provides zero commission on any account level for deposits and  withdrawals. The process takes five days to complete. The platform gives different factors for deposits, they are listed below.

  1. Payment

The platform gives you a wide variety of payment options. This includes Trustly, INatec(PowerCash), Isignthis, SolidPay, and Paydoo. The merchant has the platform to make deposits through Neteller, Visa, Mastercard, and Wire Transfers.

  1. Fund Security

The platform counts on how important account segregation protects the privacy, funds and assets of the trader. The funds are segregated from their corporate account and pledge in international banks. 

  1. The Security

For data transmission it uses strict firewall rules and Secure Sockets Layer (SSL) software to protect. To organise and handle the all forms securely, Level 1 PCI adheres service to transactions.

T1Markets’s Trading Accounts

T1Market provides three types of accounts: Silver tier, Gold tier and Platinum Tier. The category depends on how much amount is deposited and the user’s trading behavior.

  1. Silver tier

The tier provides no deposit commission, starts spread from 0.07, retail leverage is 1:30, professional leverage is 1:200, and it has many base currency.

  1. Gold tier

The tier provides no deposit commission, starts spread from 0.05, retail leverage is 1:30, professional leverage is 1:400, and it has many base currency.

  1. Platinum tier

The tier provides no deposit commission, starts spread from 0.03, retail leverage is 1:30, professional leverage is 1:500, and it has many base currency.

Trading fees 

The platforms only charge on spread and free of charges on deposits. The minimum deposit is 250 EURO and the process takes upto 5 days. But the chargers vary depending on situations.

When the account is inactive for a period of 60 days and has balance in account then monthly chargers are added to the trading account, called Dormant fee. For example, consider that your account is inactive for 61 days then 160 EURO charges are applied. Similarly this charge increases as the inactive period is increased.

Is it worth trading with T1Markets?

The platform offers you 350 CFDs and more than 10000 markets, this allows you to test and experience various markets at global level. T1Markets gives you knowledge about trading and risk involved in it. The usage of leverages depends on the trading account like professional traders use up to five hundred leverages and so as the retail traders leverage their positions to 30x.

You can test the platform before depositing a large amount in it. The platform provides 24/5 customer support and you can contact them through mail, email and phone.

T1Markets gives you great exposure to the international market due to a dependable broker for  levels of traders.

T1markets Pros and Cons

Pros

  • The platform provides trusted regulated broker
  • You can try free demo account
  • Have free education resources to gain knowledge
  • Provides you practical account to test before depositing large amount

Cons

  • Charges are applicable on inactive account
  • No crypto deposits facility

Conclusion

TLMarket is regulated by CySEC, due to this the broker is available in many European Countries and everyone can get benefits from them. For newbies the platform offers you simple trading. Deposits are free and platform offering you a wide variety of 300+ CFD instruments. 

Though, you should be aware of overnight swaps fees.depending on your account type you get benefits of discounts. The broker provides you additional facilities depending on your account.

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Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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