Forex trading is one of the most popular investment methods worldwide. Now more than ever, people from all backgrounds have a chance to start investing with some of the best Forex brokers on the market. But it is not easy to find a broker that can offer investors a safe and secure environment.
Today we will be reviewing T1Markets, a Cyprus-based Forex broker that offers services across Europe. Analyzing the details of this company, we found that it offers very well developed services to its customers. Although there may be some challenges, thanks to the regulatory framework followed by this broker, trading is considered a safe and secure experience.
This Forex broker has been around for some time and over the years has managed to overcome its challenges and develop the services it offers.
Trading with T1Markets – Regulations, Security, Policies and More
Since T1Markets is a broker based in Cyprus, it is authorized by the country’s leading regulatory body, the Cyprus Securities and Exchange Commission, better known as CySEC. Cyprus is a member of the European Union, the regulatory framework of this agency is very much influenced by the Markets in Financial Instruments Directive, MiFID. Thanks to this directive, all financial services are well controlled and regulated, creating a safe environment for each participant.
Regulations are one of the most important parts when it comes to Forex trading. This market is that it is already very risky and trusting unauthorized Forex brokers can make everything much more difficult for investors. As our review of fx broker T1Markets shows, regulations can give the broker the ability to create a safe and secure environment for investors.
The broker also follows the Know Your Customer policy, which means that he makes sure to do everything he can to create a fair environment for every investor. With the help of KYC, the broker knows exactly who is trading with their instruments. In addition, it not only creates equality between investors, but also gives the broker the ability to fight money laundering and other scams.
How does CySEC provide security measures for investors?
CySEC is a well-known regulatory agency around the world, however, in the past, it has had some challenges and problems that were very difficult to overcome. Recently, this regulatory agency has worked very updates and, finally, has been able to create a safe, secure and transparent environment for investors.
If you are looking for FX brokers regulated by CySEC, this agency has made sure to create a special page related to the Forex brokers it has authorized. The list is easily accessible on the regulator’s website, and you can check if your broker is truly regulated or not.
According to our review of T1Markets, recently, the agency announced that CySEC-authorized brokers will be required to hold a minimum capital of at least 700,000 euros. In addition, CySEC also requires Forex brokers to register their clients with the Investor Compensation Fund, also known as ICF. This fund will make sure that if something goes wrong and the broker declares bankruptcy, investors may have the option to get compensation of up to 20,000 euros.
This policy has been adopted by many other regulatory bodies and has proved very useful. One of the regulatory agencies offering the same service is the UK FCA, which is one of the world’s top regulatory agencies.
Is T1Markets a legitimate FX broker?
Our review of this Forex broker shows that it can be trusted by investors in Europe. It has worked very hard to create a fair environment for every trader and, following CySEC’s regulatory framework, poses as a very safe place for traders. In addition, the broker follows several other guidelines to make sure everything goes smoothly. There are also a number of trading tools available to investors, which give them the ability to trade anything they want.
Register on T1Markets
Starting to invest with this broker requires traders to take a few steps. All of these steps are quite regular and are no different from what you would have to do with other brokers. The registration process is very simple and all you have to do is find the type of account that fits all your needs perfectly. This broker offers three main types of accounts in addition to one for professional Forex traders. Here are the three main account types on T1Markets:
- Silver Account
- Gold Account
- Platinum Tale
All these types of accounts are created for different types of Forex traders with different needs. Below, we will discuss the main ones.
Account types on T1Markets: which one to choose?
As we said before, this broker offers three main trading accounts. The silver account is the one that will work best for Forex traders who like to invest safely and avoid losing huge amounts of money. There are no deposit fees for silver account users and spreads start at 0.07. When it comes to leverage, it can go up to 1:200 (for professional clients).
Even for gold account users, there are no fees for deposits. In addition, they will have the option to trade with low spreads such as 0.05 plus a huge leverage of 1:400 (for professional clients). The platinum account, on the other hand, is a great choice for those who want to trade with a very high leverage. It goes up to 1:500 (for professional clients) with a platinum account.
However, make sure you understand everything about leverage. It can be a very risky thing to do especially if you are a beginner on the market. In most cases, leverage is considered something created for more professional traders, and if investors without enough experience use it, they will end up losing more than they started trading in the first place.
Account professionale per trader Pro FX
As our T1Markets review has shown, this Forex broker offers its investors to trade forex with the help of professional tools through a trading account. By updating your account to Pro, you will get many great benefits that others are unable to use. In addition, leverage will be much higher and there will be dozens of different trading tools that you can use for safer and more successful Forex trading.
Many might think that since this Forex broker is created primarily for European FX traders, it does not offer Islamic accounts. However, T1Markets is working very hard to be as inclusive as possible by allowing investors to create an Islamic trading account.
The Islamic account, also known as swap-free account, is available from this Forex broker and is used by those who very strongly follow the koran’s beliefs. Under Sharia law, it is forbidden to accumulate any form of interest, so people of the Islamic faith are unable to pay or earn interest of any kind when trading on Forex.
What should you do after you create an account?
After choosing which account to use, now it’s time to make your first deposit. It can be done very easily with the help of many payment methods available. You can make payments using Skrill, Neteller, credit/debit cards and many more. The options are many and can be very useful for any type of Forex trader.
Also, this one on T1Markets there are no fees for depositing funds on and this creates a great opportunity for traders across the region to start trading with this Forex broker.
Assets available on T1Markets
There are many trading tools on T1Markets. You can trade anything from currency pairs to the shares of leading companies around the world. Basically, whatever you are looking for, you will find it very easily available on this Forex broker. Here are the assets you can trade with T1Markets:
- Currency pairs
- Actions of leading companies
- Raw materials
- Precious metals
Trading platforms on T1Markets
Worldwide, one of the most used trading platforms is MetaTrader 4. MT4 was released 15 years ago by a Russian company called MetaQuotes. T1Markets uses another platform developed by MetaQuotes, called WebTrader. This platform is very useful, and unlike many other platforms, you don’t need to download it to your PC and install it. It can be used directly from your browser.
It has many tools and analyses that can be very useful for traders to make their decisions. WebTrader is a great offer for everyone because it gives traders access to a wide choice of assets. Thanks to this, T1Markets offers several hundred trading assets to investors around the world.
Trade Forex with your mobile phone on T1Markets
Forex is known to be one of those markets that develop at a very fast pace. Only a few decades ago, only large financial companies and banks were able to use this market, today it is available to everyone around the world. Thanks to the development of smartphones, it is now becoming even easier to trade on Forex.
Investors can use their mobile phones to trade FX via smartphone. According to our T1Markets review, users of iOS and Android devices can find the T1Markets app for immediate access to the trading market. The best thing about this opportunity is that no matter where you are, you can stay in touch with the Forex market. This is extraordinary news for those who are constantly on the move. Now they can trade forex wherever they are: from home, from work or even while walking around.
How to contact the T1Markets customer support team?
In the world of Forex, it is very important to have the opportunity to use the help you need at any time of the day. With T1Markets, you can choose different options to get in touch with the customer support team. You can call them directly over the phone, use live chat to get help as quickly as possible or email.
Online chat is available 24 hours a day, five days a week, in different languages so that anyone can get the help they might need on time.
What about the broker’s website?
T1Makrets website is very easy to use and is full of information that could be very important for FX traders. The information is divided into several pages, which makes it very easy to find something you need. In addition, the website looks good and is particularly intuitive.
In addition, it is full of teaching material that can be useful for everyone. No matter if you are a beginner Forex trader or have been investing in this market for a long time, it is very important to keep up with market developments. Thanks to news articles that are published very frequently by the broker you can do it easily.
In addition, there are many webinars and eBooks available for traders. You can also use special videos created by beginner Forex trading professionals and become a regular user of courses that will give you important information about Forex trading.
Is it recommended to trade with T1Markets?
After doing very intensive research, we found that T1Markets is a legitimate Forex broker. Sure, it’s not perfect and still has a long way to go, but the team behind this broker has shown over and over again that they are ready to take on new challenges and overcome them.
Thanks to the regulatory framework that follows this Forex broker, it is considered a safe and secure broker and we have recommended T1Markets to all those who want to diversify their portfolio by negotiating many tools.