T1Markets Review: Is T1Markets a Best Broker?
T1Markets are the new addition to the CFD trading industry, who start out in 2020. This Cyprus-based broker has a physical office in Cyprus but operates all over Europe. Although they are new, growing faster! To many of the traders, the reasons for T1Markets growth are unknown yet. We were also unaware until we researched to write this T1Markets review.
T1Markets Review of their Website
We had stared with their website www.t1markets.com, which looks professional and elegant. Everything is clear from their web pages, besides the speed is also faster. Most of the broker tends to create a complicated website with inappropriate information. On the other hand, T1Markets are the opposite of a traditional broker’s website. When you visit the landing page, you will be a few clicks away from the other needed information.
We believe a lucrative website is not a factor to categorize them as the best forex broker! Additionally, some other important factors are also needed to check out. And, we have looked at them too, to provide you a clear idea.
So, what are those?
Scrolling through this article will enlighten you with a review of T1Makkets, considering all the factors. Let’s read on…
Security Measures
We all want security in every aspect of our life, from home to outside. And when it comes to dealing with money, security should be the main concern. From our experience, it has been seen that many novice traders have gotten scammed due to the poor security of the broker or unregulated broker.
So, getting a trusted, secured broker is more important than anything while you trader. However, T1Marets has started in a proper way by taking all the measures and got the regulatory license from CySEC (Cyprus Securities and Exchange Commission).
CySEC is we known regulatory body by the Cyprus government, which is also recognized all over Europe. Furthermore, you can trade anywhere in Europe.
Transparent about Charges
Online trading is tricky, and it is trickier when your broker charges ridiculously hidden fees. Some broker uses the hidden charge tactics to generate profit, which may include fees on deposit or withdrawal, added commission on specific trading.
On the other hand, T1Markets doesn’t put any burden on hidden charges, and they are transparent about all the charges. Besides, they don’t charge for deposits and withdrawals.
Education Support
You have to keep yourself updated with recent economic trends. Besides, you will have to know about different trading tools and their uses, trading techniques to maximize profits. T1Markets’ educational feature will teach you ins and out about trading. Also, it will send you updates on world economic events that may affect your trading decisions.
T1Markets, provide educational service as videos, eBooks, articles, newsletters.
T1Markets Review on Account Types
To start with T1Markets, you may ask for a demo account. However, they offer three different account types, Silver, Gold, and Platinum.
Furthermore, the retailer and professional trader get separate accounts. But as a beginner, starting with the retailer account is a good option. For the professional account, a high investment with relevant documents is needed.
Whether you are a professional or a retailer, in both cases, you will be categorized as per those three accounts. All three types are required to deposit a minimum of $250, while the accounts are slightly varied in terms of offerings. For example, leverage is different in all three accounts, which is also different for retail and professional. Besides, there are variations in spread rates and swap discounts too.
Leverage 1:200 for the professional accounts. In contrast, it starts from 1:30 for the retail accounts. On the other hand, the spread ranges from 0.07 to 0.03.
T1Markets Trading Platform
T1Markets use Meta Trader 4 (MT4) as their forex trading platform. MT4 is an industry-leading platform for forex and CFDs. However, it also provides multiple technical, analytical tools on different operating types such as mobile, web, and desktop trading.
From various reliable forex broker reviews, we came to know that Meta Trader 4 is user-friendly for both novice and expert traders. Another thing is that you can use MT4 from anywhere on your phone via apps and on brewers from any device.
Trading Products at T1Markets
You can choose from 350 different assets available on different T1Markets products. Trading multiple assets from the same account would diversify your portfolio, which also offers even distribution of your funds!
T1Markets’ products include forex currencies, commodities, CFDs, digital currencies or cryptocurrencies, shares, and indices.
Customer Support
T1Markets provide 24 hours customer service for five days. However, you can get a hold of customer support through a phone call, email, and live chat. The live chat option is available on their website, while you can call at +80040408888 and email at support@t1markets.com.
Final Words
Since T1markets are new, and still they are in the introduction stage, it is not a good time to pronounce them as best. However, after going through the T1Market review, we would definitely keep them on our top forex brokers list.
Despite the new broker, the completive leverage rates, the tight spreads, and security features amazed us. So, we are confident about their service and happily recommend it to anyone forex or CFD traders.