Your capital is at risk
81% of retail CFD accounts lose money
T1Markets is an award-winning online CFD trading platform. Based in Cyprus, it is owned by General Capital Brokers Limited, a company regulated by the Cyprus Securities and Exchange Commission. As part of this license, the platform forms part of the country’s retail investor compensation fund, designed to protect investors should the broker become insolvent.
The primary financial instrument available at T1Markets is the Contract for Difference (CFD). This involves trading derivatives of an asset, such as Bitcoin, with the possibility of using leverage to open larger positions. Due to the use of leverage, trading CFDs is considered to be a high risk investment. Between 74%-89% of retail investor accounts lose money when trading with this operator.
Your capital is at risk
This T1Markets review will cover all the important aspects of this platform to help you make an informed decision.
T1Markets is a safe and reliable online trading platform which uses a variety of measures to protect users and their funds. Apart from being regulated, the broker enjoys a positive online reputation backed by numerous trader reviews.
It has never been successfully hacked, and strives to safeguard its users and itself from cyberattacks. An effective way it does this is by requiring users to create strong account passwords.
This online broker lets you invest in cryptocurrency CFDs as well as several other major markets. In fact, from a single user interface you can access Forex, commodity, indices, stock, and metal markets.
The T1Markets trading platforms form the core of the broker’s operations and are designed to be powerful, yet easy to use. Two trading platforms are available and you can choose which one to use based upon your own preference. The web platform is designed to work directly from your browser, whilst the mobile app is specifically set up for your smartphone.
T1Markets WebTrader lets you invest and diversify your portfolio with just a few clicks. The platform works online and does not require any software download. Whilst 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 looking to shift to a new interface.
Key features of the WebTrader include:
The T1Markets mobile trading app is available for Android and iOS systems. This powerful trading engine runs directly on MT4 and lets you perform instant orders whilst carrying out analysis and research. The mobile app has been designed to facilitate trading on the go with one click management systems which allow you to open and close orders with a single tap.
Key Features of the mobile app include:
You can find the link to download the mobile app from the T1Markets main page.
This 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.
The T1Markets website is visually appealing, providing the right balance between information and space. Apart from English, it is available in six other languages including German and Spanish. Navigation through the website can be easily done by the main navigation bar. This is also where you can sign up and log into your account.
In order to create your new T1Markets account all you need to do is:
1. Click on the “Sign Up” box
2. Enter your personal details and check the box to agree to the Terms and Conditions
3. Click on “Create Account” and continue to follow the on-screen instructions
Once you have completed the necessary registration steps you should receive a confirmation email. Open the email and click on the link to confirm your address. In the final steps of the sign up 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.
To log into your T1Markets account, all you need to do is:
1. Click on the “Sign In” box
2. Enter your email address and password and click on “Login”
If you have forgotten your password you can click on the “Forgot Password?” link.
In order to better suit your trading preferences, T1Markets offers three investor account types. Named Silver, Gold, and Platinum, these account types provide an increasing level of benefits and discounted rates. Available to both retail and professional investors, they offer varying leverage limits and access to Islamic trading.
T1Markets requires all users to verify their account in line with the operator’s license. To verify your account you will need:
You will be provided with detailed instructions on how to verify your account during the sign up process.
To start buying Bitcoin CFDs all you need to do is:
Once an order has been opened you can modify it, including setting or changing optional limits at any time by right clicking on the position and clicking on “Modify Order”.
When you are ready to close an open position, all you need to do is:
1. Scroll down to the “Open Trades” box and right click on the position you wish to close
2. Select “Close Order” and click on the yellow box in the pop up
Once your order has been processed, all associated fees will be deducted and the balance will be deposited into your trading account. You can choose to withdraw these funds or re-invest them in another contractor.
On T1Markets you can trade CFDs of over 30 cryptocurrency pairs, including Bitcoin, Ethereum, and Litecoin. The platform supports trading crypto CFDs but does not allow you to buy or sell digital tokens directly. In addition, you cannot trade derivatives using coins. Instead, only fiat currencies are accepted.
T1Markets is available in several European nations, namely:
Users from all the 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 ensure whether your country of residence is supported or not during sign up.
T1Markets is an online CFD broker which does not charge any commissions. Its main charge is the spread, which can be calculated by subtracting the sell price from a contract’s buy price. Other important fees you should be aware of are the swap and the financing fee. The swap is payable whenever a position remains open beyond a contract’s end of day, whilst a financing fee is applicable if you use leverage in your trade.
T1Markets does not charge any deposit fees. Most withdrawals are also free, except in certain cases such as withdrawing via bank transfer.
If there is no activity on your account for over 60 days you will be liable to a inactivity fee. This fee increases the longer your account stays inactive.
You can find detailed information on the platform’s fees in the “Costs and Charges” document on the “Legal” page.
The most important limits you should be aware of are the ones set on payments. When making a deposit, the minimum and maximum limits vary based on method. The main limits are €215 and €10,000 respectively. In the case of withdrawals, the standard minimum is €100, although it is possible to withdraw less if you get in touch with customer care.
T1Markets provides a range of convenient and instant payment options to facilitate deposits and withdrawals. Although certain methods are not available in select countries, the main types include:
Each payment method is subject to a minimum and maximum limit which is shown on the screen along with the payment details.
Remember that CFDs are complex trading instruments which come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs with this provider. You should ensure that you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss.
The online CFD broker takes several steps to protect all users and funds. These include:
Supporting your trading experience on T1Markets is a team of professional and friendly customer support agents. Available Mondays to Fridays between 07.00 and 17.00 GMT, they can be reached via live chat, email, phone, and online form. If you’re a registered user, you can also submit a ticket from your account.
T1Markets is operating in a fiercely competitive market and, as a result, does not normally divulge upcoming features. It is continually updating its service and offering new assets, however it normally announces anything new on the day of its release. The best way to stay informed of the platform’s news is to register a T1Markets account and sign up for email newsletters.
T1Markets vs eToro
Whilst both T1Markets and eToro offer cryptocurrency CFDs, the latter is the clear winner with more than three times the choice. eToro also supports a greater selection of payment methods and includes numerous innovative features such as CopyTrader. You can also use the platform to buy cryptocurrencies directly and store them easily on the broker’s web wallet.
T1Markets vs Trading212
T1Markets and Trading212 share several similarities including the fact that they are both regulated and part of an investor compensation scheme. Both platforms also provide upwards of 1,500 different markets, including cryptocurrencies, Forex, and stocks. However, when it comes to customer service, Trading212 scores higher with 24/7 support.
T1Markets vs Plus500
In comparison to T1Markets, Plus500 is a significantly larger CFD trading platform with over 2,000 assets to invest in. It is available around the world with several regulated subsidiaries, whilst T1Markets is only present in Europe and only able to support several European users. Both platforms offer a free demo account and low payment limits, and they also share similar fee structures.
T1Markets offers a safe and professional environment in which to trade CFDs and test several investment strategies. It is duly regulated and complies with all national and European regulation. In addition, it offers choice and convenience throughout its service package. There is little surprise, therefore, that it enjoys a positive online reputation and has also become an award-winning online CFD broker.
Yes, once you register a new account you will be able to activate a demo account with a fixed amount of credits.
This online CFD trading platform lets you invest in derivatives of Bitcoin and 30 other cryptocurrencies. However, the platform is not a cryptocurrency exchange and does not allow you to buy Bitcoin directly.
Yes, you can download an Android or iOS mobile appl directly from the broker’s website.
This online broker provides exhaustive educational material to help you understand what CFDs are and how to trade them. It also offers numerous analysis tools. You can also find several trading guides on trading cryptocurrencies and other markets directly on Cryptimi.
ETFinance is a relatively new brokerage platform which lets you trade a variety of financial instruments, including cryptocurrency CFDs. Available across digital devices, the platform offers competitive fees and three-tiered accounts.
ETFinance is a trading name of MAGNUM FX (CYPRUS) LTD registration number HE 360548 authorized and regulated by the Cyprus Securities and Exchange Commission. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
AvaTrade is one of the reputed EU-based FX/CFD platforms which offers CFD trading in stocks, commodities, cryptocurrencies, forex, ETFs, and indices.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.