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T1 Markets

4.5
Demo account Yes
Minimum deposit £250
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T1 Markets

Trading coach
Trading platform
iOS App
Android App

Founded in July 2020 in Cyprus, T1Markets is one of the newest online brokerage platforms to hit the scene. T1Markets does not offer direct ownership of assets, but rather allows you to speculate on real-world prices. How? By trading CFDs on hundreds of different assets across more than 10,000 markets. Forex, stocks, cryptocurrencies, and commodities are just a few of the types of assets that you can speculate on with the T1Markets platform. With a sleek dedicated mobile app, an astonishingly large knowledge hub, and a huge number of industry awards under its belt despite its young age, T1Markets is clearly trying to position itself as the ideal platform for ambitious day traders around the world. To find out more about T1Markets and determine whether it’s the right platform for you, keep reading our in-depth review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

T1 Markets Review

What makes T1Markets a good choice for trading online?

So, what are you getting when you create a forex trading account with T1Markets?

Despite being a brand new platform, T1Markets has already made a splash within the day trading industry. 

It has garnered attention and awards from various bodies, like winning the coveted title of Most Trusted Broker from the World Financial Awards, and being named the Best Cryptocurrency Broker of 2020 by BrokerCheck. 

Here are some more pros to keep in mind: 

  • A huge number of knowledge resources for traders, including articles, e-books, daily reports, and free courses you can take even without signing up for an account.
  • No commissions, no deposit fees, and no withdrawal fees whatsoever.
  • Top-grade E2E encryption throughout the platform, as well as deposit insurance and licensing from a reputable regulatory body.
  • A dedicated account manager available to all account types, even at the most basic level.
  • A user-friendly trading app available for free download on both iOS and Android. 

Is T1Markets safe?

The safety and security of your broker are no doubt your first, second, third, and fourth concerns. 

In this section we explain why you can trust T1Markets with your money.

Fortunately, in these regards, it is clear that T1Markets checks out. Based in the EU country of Cyrpus, T1Markets is fully licensed by the Cyprus Security and Exchange Commission (CySEC). 

This is one of the most stringent licensing authorities around. 

As such, users can expect full protection and security from T1Markets. You can benefit from: 

  • Fund insurance, meaning that your money is protected should T1Markets go bust. 
  • Fund separation, which means that T1Markets will never use your deposits for their own company expenses. 
  • Negative balance protection, which means that you will never be able to lose more money than you physically have in your account. 

By selecting an online broker, you are trusting a company with your sensitive financial data, your banking information, and your cash. 

You’re also trusting that the platform is trustworthy enough to help facilitate your trading and investment decisions in good faith.

All things considered, T1Markets is most definitely a safe, secure, and reputable online brokerage platform. 

Its impressive array of awards from top finance industry bodies is also a testament to its reliability as a day trading platform.

Trading Online with T1Markets

How does it work when you trade online with T1Markets?

While T1Markets does not allow you to own financial assets directly, this is not a bad thing. Since all of T1Markets’ assets are in the form of Contracts for Difference, or CFDs, you can speculate on the real-world price of an asset without having to own it outright.

This can provide you with greater flexibility, as you do not need to worry as much about liquidity concerns. 

It also gives you more freedom to bet against the price of an asset, also known as “shorting”. 

Within the CFD market, T1Markets allows you to trade on 350 different assets across a staggering 10,000 markets. 

Read on for a snapshot of the markets that T1Markets is currently offering its members.

Forex CFDs

If you’re a keen forex trader, T1Markets offers just about every single forex pair you could possibly wish to speculate on, including:

  • EUR/USD
  • GBP/USD
  • USD/JPY
  • AUD/USD
  • EUR/CHF
  • EUR/GBP
  • NZD/USD

Crypto CFDs

Many believe the future of currency is crypto.

If you want to get in on the bitcoin boom or speculate on the price of Ethereum, you’re in luck. T1Markets offers crypto CFDs on dozens of crypto pairs, including:

  • Bitcoin vs. US Dollar
  • Bitcoin vs. Euro
  • Bitcoin vs. Great British Pound
  • Etherium vs. US Dollar
  • Etherium vs. Euro
  • Etherium vs. Great British Pound
  • Litecoin vs. US Dollar
  • Litecoin vs. Euro
  • Dashcoin vs. Euro
  • Dashcoin vs. Great British Pound
  • Ripple vs. US Dollar

Commodity CFDs

The price of real-world commodities is one of the most important drivers of daily economic life. 

If you wish to trade commodity CFDs at T1Markets, you can choose from assets such as:

  • Brent Oil
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Natural Gas
  • Orange Juice
  • Soybeans
  • Sugar
  • Wheat

Indices CFDs

Unlike many other major brokerage platforms, T1Markets also allows you to trade CFDs on a wide variety of major and minor global stock indices, such as:

  • S&P 500
  • DAX
  • CAC
  • FTSE 250
  • DOW 30
  • NIKKEI 225
  • TA 35
  • IBEX 35

Stock CFDs

Of course, if you would rather speculate on the price of some of the world’s most exciting company stocks, T1Markets also offers a rich CFD market in this regard. 

Here are just a small number of the stocks you can speculate on at T1Markets:

  • 3M
  • Adobe
  • Alibaba
  • Amazon
  • AMEX
  • Apple
  • AT&T
  • eBay
  • Facebook
  • Ferrari
  • General Motors
  • Google
  • Netflix
  • PepsiCo
  • Pfizer

Opening a T1Markets Account

Wondering what it takes to open an account with T1Markets? You can find out below.

If you’re new to online trading, you will be pleased to know that opening an account with T1Markets is a stress-free and totally straightforward affair. 

Of course, providing that you meet the eligibility criteria and live in a country that T1Markets serves.

Can I open an account at T1Markets?

For now, it seems that T1Markets is only able to operate in European countries (including the UK and Switzerland) and there is no indication that this will change anytime soon. 

Here is the full list of countries where you can open a T1Markets account:

  • Austria
  • Italy
  • Belgium
  • Latvia
  • Bulgaria
  • Liechtenstein
  • Croatia
  • Lithuania
  • Czech Republic
  • Luxembourg
  • Denmark
  • Malta
  • Estonia 
  • Netherlands
  • Finland
  • Norway
  • France  
  • Poland
  • Germany
  • Portugal
  • Greece
  • Romania
  • Hungary
  • Slovakia
  • Iceland  
  • Slovenia
  • Ireland  
  • Spain
  • United Kingdom
  • Sweden

What are the different types of accounts?

When you open an account with T1Markets, you will need to choose the type of account that you want. 

T1Markets offers a tiered account system, with three “levels” of accounts offering gradually increasing resources, discounts, and benefits. 

Of course, the top-level account will not be necessary for many types of traders, so you don’t need to worry about spending more to get certain benefits if they will not help you. 

These are the types of accounts available at T1Markets:

Silver Account

Best for inexperienced day traders. Spreads start at 0.07 and leverage ranges from 1:30 for retail traders up to 1:200 for institutional traders. 

You can also access a dedicated account manager and enjoy 0% commissions. Islamic finance accounts are also available at this level.

Gold Account

Ideal for more experienced traders. Spreads start at 0.05 and leverage ranges from 1:30 for retail traders up to 1:400 for institutional traders. 

You can also enjoy free virtual private server (VPS) access, a dedicated account manager, and a 25% swap discount.

Platinum Account

Ideal for seasoned professional and institutional traders and investors. Spreads start at 0.03 and leverage ranges from 1:30 for retail investors up to 1:500 for institutional investors. 

You also have a dedicated, on-call account manager, a free VPS, and a 50% swap discount.

How to open an Account at T1Markets?

If you fit the eligibility criteria laid out above, then you are ready to open up your T1Markets account. To do so, simply follow these steps:

Click our link to the T1Markets homepage and hit the “SIGN UP” button in the top right-hand corner.
Enter your account information, including your email address, mobile number, and full name.
Enter your verifiable information such as your address, country of residence, and age.
Upload any verifying documents that T1Markets requests, such as a scan of your ID.
Wait for your account to be verified.
Click your verification link, select your preferred payment platform and market preferences.
Start trading CFDs.

T1Markets Fees

It’s important to know how much a broker will charge you and for what. This section tells you exactly what you need to know about T1Markets’ trading fees.

T1Markets prides itself on the fact that it does not charge any commission fees on trades, which is something that many competitor platforms still cannot claim. 

However, this does NOT mean that T1Markets is completely fee-free.

Trading fees

Although there are no commission fees at all with T1Markets, there are swaps/rollover fees imposed for overnight trades. These vary widely depending on the markets in question. 

Some reviewers have also noted there is a 0.30% difference between the market price of certain cryptocurrencies such as bitcoin and the price listed by T1Markets. 

Therefore, it is fair to say that this 0.30% represents a taker’s fee on behalf of T1Markets, which is not ideal.

Non-Trading fees

It is worth keeping in mind that trading fees are not the only thing you need to keep in mind. 

While T1Markets is not as pernicious in this regard as some other platforms, it does pose some non-trading-related fees you need to be aware of. 

Mainly, T1Markets charges an inactivity fee on all account holders that do not use their open account for a certain time period. 

This ranges from £50 for two months of inactivity up to hundreds of pounds after a year.

Keep this in mind before you decide to open an account, as these inactivity fees are definitely on the higher end of the scale.

T1Markets Deposits & withdrawals

T1Markets offers a wide range of international payment methods that will allow you to move your money around in a quick, safe, and secure manner.

Find out everything you need to know about deposits and withdrawals at T1Markets by reading this section.

Base currencies

  • EUR
  • USD
  • GBP
  • CHF
  • SEK
  • NOK
  • DKK

What is the minimum deposit at T1Markets?

The minimum deposit at T1Markets is £/$/€250, which is definitely at the higher end of the spectrum. 

Why T1Markets requires new account holders to make such a strong commitment from the outset is a mystery, but customer reviews seem to indicate that it’s worth it!

Deposit methods and fees

You can make your deposits at T1Markets via the following platforms:

  • Visa 
  • Maestro
  • MasterCard
  • Neteller
  • Skrill
  • MIR Limited
  • OrangePay
  • SafeCharge
  • Payvision
  • Decta
  • Wirecard
  • Emerchantpay
  • Trustly
  • PaySafeCard

T1Markets does not charge any fees for deposits whatsoever.

Withdrawals methods and fees

You can make your withdrawals at T1Markets via the following platforms:

  • Visa 
  • Maestro
  • MasterCard
  • Neteller
  • Skrill
  • MIR Limited
  • OrangePay
  • SafeCharge
  • Payvision
  • Decta
  • Wirecard
  • Emerchantpay
  • Trustly
  • PaySafeCard

T1Markets does not charge any fees for withdrawals whatsoever. 

Customer support

Check out this section to see how you’ll be able to get in touch with the T1Markets customer support team and if it’s up to industry standards.

Of all of the positive points raised by online reviewers of T1Markets, it seems that customer service is the most prominent. 

The customer support team is frequently described as friendly, sincere, helpful, and genuinely committed.

Method of contact & availability

The main ways that you can contact the T1Markets customer service team are: 

  • Phone: +80040408888
  • Email: [email protected]
  • On-site query form
  • On-site live chat
  • Social media

Customer service is perhaps a little restricted, available just five days a week, from 7am to 5pm GMT.

In addition, you can access customer service in English, Spanish, Portuguese, Dutch, German, Italian, Swedish, and French.

Conclusion

All in all, T1Markets is a great choice for both beginner and experienced CFD traders that wish to put together a comprehensive day trading strategy.

Their user-friendly desktop site and app are ideal for trading on the go. Security, trustworthiness, and genuine friendliness seem to set it apart from competitors. 

Although the inactivity fees and minimum deposits are high, and you cannot use a dummy account without fully signing up, we think that T1Markets is a solid choice for traders of all stripes.