T1Markets Review: Is broker the right choice for you?

T1Markets Review: Is broker the right choice for you?

T1Markets is an award-winning online CFD trading platform. Headquartered in Cyprus, it is owned by General Capital Brokers (GCB) Limited, a company regulated by the Cyprus Securities and Exchange Commission. The platform is part of the retail investor compensation fund, designed to protect investors in case the broker becomes insolvent.

The main financial instrument available on T1Markets is the Contract for Difference (CFD). This involves trading derivatives of an asset, such as Bitcoin, with the ability to use leverage to open larger positions. Due to the use of leverage, CFD trading is considered a high-risk investment.

This T1Markets review will cover all important aspects of this platform to help you make an informed decision. Let’s see in detail all the features of T1Markets and whether it is a safe platform to rely on.

Is T1Markets safe?

T1Markets is a secure and reliable online trading platform that uses a number of measures to protect users and their funds. In addition to being regulated, the broker enjoys a positive online reputation supported by numerous trader reviews.

It has never been successfully hacked and is committed to protecting its users and itself from cyberattacks. An effective way to do this is to require users to create strong account passwords.

T1Markets Trading Platform

This online broker allows you to invest in cryptocurrency CFDs and many other important markets. In fact, from a single user interface you can access forex markets, commodities, indices, stocks and metals.

T1Markets trading platforms are at the heart of the broker’s operations and are designed to be powerful, but easy to use. There are two trading platforms available and you can choose which one to use according to your preferences. The web platform is designed to work directly from your browser, while the mobile app is configured specifically for your smartphone.

WebTrader

T1Markets WebTrader lets you invest and diversify your portfolio with just a few clicks. The platform works online and does not require any software downloads. Although it can be used as a standalone system, it can also be integrated with Meta Trader 4. This is especially important for traders who are used to MT4 and are not trying to switch to a new interface.

The main features of WebTrader include:

  • Analytics – Over 30 different indicators and analysis tools
  • Execution: Choose between instant, pending, and stop orders
  • History: Access your archived operations, including all details and results

T1Markets mobile app

The T1Markets mobile trading app is available for Android and iOS systems. This powerful trading engine works directly on MT4 and allows you to execute instant orders while performing analysis and research. The mobile app is designed to facilitate on-the-go trading with one-click management systems that allow you to open and close orders with a single tap.

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Key features of the mobile app include:

  • Timeframes – Nine timeframes to allow you to execute short- and long-term trading strategies
  • Indicators: Access a variety of analysis tools to predict trends and make important decisions
  • Notifications: Get instant notifications directly on your phone

You can find the link to download the mobile app from the main page of T1Markets.

Asset T1Markets

T1Markets is an online CFD trading platform and does not deal directly with cryptocurrencies. As a result, you won’t be able to buy, sell, or store coins in your account.  T1Markets does not provide you with a crypto wallet.

T1Markets’ asset selection is wide as it covers all significant categories and deep down there are many different assets that you can trade. The total count comes to over 350 assets, which means you’re more than likely to find your favorite trading product. The instruments fall into these categories:

  • Currencies
  • CFD
  • Raw materials
  • Digital currencies
  • Stocks and indices

T1Markets Platform Account

The T1Markets website is visually appealing and provides the right balance between information and free space. In addition to English,  the website is available in six other languages, including German and Spanish. Browsing the website can be done easily from the main navigation bar. This is also where you can sign up and sign in to your account.

How to register on T1Markets

To create your new T1Markets account, all you need to do is:

  1. Click the “Register” box
  2. Enter your personal data and check the box to accept the Terms and Conditions
  3. Click “Create account” and continue following the instructions on the screen

Once you have completed the necessary registration steps, you should receive a confirmation email. Open the email and click the link to confirm your address. In the final stages of the registration process you will be asked to verify your account and make your first deposit. You can choose the “Not now” option to complete these steps at a later stage.

How to access T1Markets

To access your T1Markets account, all you need to do is:

  1. Click the “Sign in” box
  2. Enter your email address and password and click “Sign in”

If you forgot your password you can click “Forgotten password?”.

Account types

In order to better meet your investment preferences, T1Markets offers three types of account per trader. Called Silver, Gold, and Platinum, these types of accounts offer an increasing level of discounted benefits and rates. Available to both retail and professional investors, they offer different leverage limits and access to Islamic trading.

Verification requirements

T1Markets requires all users to verify their account in line with the operator’s license. To verify your account you will need:

  • Identity documents – including passport, ID or driver’s license
  • Residence documents – including statement of account, bill or residence permit
  • Proof of origin of funds, including photos or bank statements
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You will be given step-by-step instructions on how to verify your account during the registration process.

How to buy Bitcoin CFDs with T1Markets

To start buying Bitcoin CFDs all you need to do is:

  • Open your favorite platform and click “Market Watch”
  • Select a pair that includes BTC and right-click it
  • Select “New Order” and enter the volume of your exchange
  • Set optional limits, “Stop Loss” and “Take Profit”
  • Click “sell” if you want to sell in the open or “buy” if you want to go long

Once an order has been opened, you can change it, including setting or changing optional limits at any time, right-clicking the location and clicking “Change Order.”

How to pick up on T1Markets

When you’re ready to close an open position, all you need to do is:

  1. Scroll down to the “Open operations” box and right-click the location you want to close
  2. Select “Close Order” and click the yellow box in the pop-up window

Once your order has been processed, all associated fees will be deducted and the available balance will be deposited into your trading account. You can choose to withdraw these funds or reinvest them in another contractor.

Supported cryptocurrencies

On T1Markets you can trade CFDs from over 30 cryptocurrency pairs, including Bitcoin, Ethereum and Litecoin. The platform supports crypto CFD trading but does not allow you to buy or sell digital tokens directly. In addition, it is not possible to trade derivatives using coins. Instead, only legal currencies are accepted.

Supported countries

T1Markets is available in several European countries, namely:

  • Austria
  • Belgium
  • Bulgaria
  • Czech Republic
  • French
  • Germany
  • Greece
  • Hungary
  • Italy
  • Liechtenstein
  • Luxembourg
  • Malta
  • Poland
  • Portugal
  • Slovakia
  • Switzerland
  • United Kingdom

Users from all countries not listed above, including the United States of America, are not allowed to open a T1Markets account. Since this list can change, you can make sure whether or not your country of residence is supported during registration.

Platform fees and limits

T1Markets is an online CFD broker that does not charge any fees. Its main commission is the spread, which can be calculated by subtracting the sale price from the purchase price of a contract. Other important fees you should be aware of are the swap and funding fee. The swap is payable whenever a position remains open beyond the end of the day of a contract, while a financing fee is applicable if you use leverage in your transaction.

T1Markets does not charge any deposit fees. Most withdrawals are also free, except in some cases such as withdrawal by bank transfer.

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If there are no activities on your account for more than 60 days, you will be subject to an idle fee. This fee increases the longer your account remains inactive.

You can find detailed information about platform fees in the “Costs and Charges” document on the “Legal” page.

Limits

The most important limits you should be aware of are those set on payments. When you make a deposit, the minimum and maximum limits vary by method. The main limits are €215 and €10,000 respectively. In case of withdrawal, the standard minimum is 100 €, although you can withdraw less if you get in touch with customer service.

Supported payment methods

Screenshots are shown for illustrative purposes only. The actual product may vary.

T1Markets offers a range of affordable and instant payment options to facilitate deposits and withdrawals. Although some methods are not available in certain countries, the main types include:

  • Debit and credit cards
  • eWallets
  • Payment vouchers
  • Instant bank transfers
  • Transfers

Each payment method is subject to a minimum and maximum limit that is shown on the screen along with payment details.

Remember that CFDs are complex trading tools that carry a high risk of losing money quickly due to leverage. Between 74% and 89% of retail investor accounts lose money when negotiating CFDs with this provider. You should make sure you fully understand how CFDs work and make an informed decision if you are willing to take the high risk of an initial loss replacement.

T1Markets Security

The online CFD broker requires several steps to protect all users and funds. These include:

  • Using Secure Sockets Layer (SSL) encryption software to protect all transactions
  • Ensure that transactions comply with Level 1 PCI requirements
  • Implementing powerful firewalls to protect user data
  • Installing trading servers within SAS 70 certified data centers
  • T1Markets Customer Support

Supporting your trading experience on T1Markets is a team of professional and friendly customer service agents. Available Monday to Friday from 07:00 to 17:00 GMT, they can be reached via live chat, email, phone and online form. If you are a registered user, you can also send a ticket from your account.

Conclusion

T1Markets offers a safe and professional environment in which to trade CFDs and test different investment strategies. It is properly regulated and complies with all national and European regulations. In addition, it offers choice and convenience throughout its service package. Unsurprisingly, he enjoys a positive online reputation and has also become an award-winning online CFD broker.

 

 

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