Review 1Market
https://www.1market.com Headquarters in Cyprus Open Demo Account Open Live Account BEGIN item ContentsPros and ConsRegulationAccount TypesTrading PlatformsAssetsEducationCustomer ServiceConclusion
1Market is a new online forex and CFD broker based in the Marshall Islands and with regulation from the Cyprus Securities and Exchange Commission. They offer clients trading in currencies and CFDs in stocks, commodities, ETFs, and indices. Launched in 2021 the broker is already making a good name for itself, securing the awards for Best CFD Broker of 2021 and Best Introducing Broker Program of 2021 from Top Forex.
Traders can enjoy trading over 650 individual assets with 1:30 leverage for retail traders and up to 1:400 leverage for professional traders. With the MetaTrader 5 platform, or a Web-based platform traders will enjoy fast execution and tight spreads, along with powerful analysis tools.
On top of everything clients have commission-free access to roughly 450 stocks, and analysis provided by Trading Central. All of this is available in 11 different languages as well. Now let us dig into the details of this exciting new broker.
1Market Pros and Cons
Pros
Regulated by the Cyprus Securities and Exchange CommissionCommission-free tradingMetaTrader 5 is the desktop platform
Cons
Regulation only applies to EU residentsLimited educational tools.No cryptocurrencies offered
Broker Regulation
Depending on what country you reside in you might fall under regulatory guidelines. European Union clients benefit from regulation by the Cyprus Securities and Exchange Commission. In the EU Excelcius Prime is the parent company of 1Market.eu and they are licensed and regulated under CySEC license number 366/18. Outside the EU the brand is operated by Podora Ltd., which is located in the Marshall Islands and is unregulated.
Account types
1Market follows the trend of having many different account levels. In fact, they have 6 different account levels, with each higher level requiring a larger minimum deposit and including more benefits for the clients. The six levels and minimum deposits are as follows:
Mini Account – $250Standard Account – $1,000Gold Account – $5,000Platinum Account – $10,000Diamond Account – $50,000VIP Account – $100,000
It is worth noting that to get access to MetaTrader 5 requires at least a standard account, those with Mini accounts are relegated to using the Web Trader. Also, there are some additional account types, namely the demo account that allows traders to test out the trading conditions at 1Market, or test out new trading strategies. There is also an Islamic account available for those who follow Sharia Law. There is also a professional account available for those who have extensive trading experience, or large amounts of capital. The primary benefit of the professional account is to increase leverage from the usual 1:30 to a much more generous 1:400.
Trading Platforms
1Market gives its users the choice of two different trading platforms. One is the WebTrader platform, that can be accessed from any modern web browser. Traders appreciate the convenience of this trading platform, which does not require any download. It is still very powerful however, giving users plenty of analysis and order entry options. Entry level traders with a Mini Account are required to use this platform.
Once a trader moves up to the Standard account level and beyond, they also get access to the MetaTrader 5 platform. While this does require download to your computer it is well worth it, as this award-winning trading platform has so many powerful features. These include dozens of analysis tools, detailed charting capability, and the ability to trade from the chart using many different advanced order types.
1nsight
Clients at 1Market also get access to the proprietary 1nsight trading environment. This includes two primary core elements. The first is the 1nsight Feed. This is a live streaming pool of market events, with a Trading Gauge that shows the reactions of the 1Market community in real-time. The 1nsight Feed is very helpful in locating emerging trends, changing price action, or breakouts resulting from the release of key economic data or other news events. Each event shows buy/sell ratios for an asset as well as valuable insights on how the current market action compares with the norm.
Available Assets
At 1Market traders will have access to five primary asset types, and over 650 individual assets.
Forex – Dozens of trading pairs are available, from the popular majors (EUR/USD, GBP/USD, AUD/USD and the like), to minor pairs like EUR/GBP, and even including a number of exotic pairs such as EUR/TRY, USD/HKD and many more.
Commodities – Always popular due to their tendency to trend so well, 1Market has several commodities available to trade. These include oil, natural gas, silver, and gold.
Indices – Global indices allow traders to take advantage of global equity movements. Trade some of the world’s top equity indices with leverage, negative balance protection and the edge provided by 1Market.
Stocks – Trade on over 450 small, medium and large company stocks via CFDs.
ETFs – 1Market gives its traders access to over 40 different EFT CFDs, including the incredibly popular SPY and QQQ ETFs.
One asset class that is notably missing from the offerings at 1Market is cryptocurrencies, which are increasingly popular among traders.
Education and Research
1Market is somewhat limited in its educational offerings, however they make up for that by providing solid tools to help research market opportunities.
These tools include the 1nsight Live Feed discussed above, as well as Trading Central – the financial industry’s top provider of real-time trading signals and market sentiment for retail traders.
Trading Central blends AI analytics with investment advice provided by registered expert market analysts and financial advisers around the world who watch the key fundamental and technical factors, as well as any changes in investors’ habits over a specific period of time. 1Market provides 24-hour global coverage to ensure real-time market synchronization. Traders are then able to use this edge in their trading and be one step ahead in the markets.
Customer Service
1Market offers customer support in 11 different languages Monday through Friday, and 24 hours a day. Customer service representatives can be reached via online chat, email, an online web form, or by telephone.
Phone: +44 7723861200
Webform: Contact Support
Email: support@1Market.com
In Conclusion
As you have seen from the review above, even though 1Market is a new broker, they are also a very solid broker. Traders can take advantage of the wide array of assets on offer, as well as the leading MetaTrader 5 platform, and the trading research tools 1nsight and Trading Central.
Also positive for the broker is its CySEC regulation, but on the other side is the lack of cryptocurrencies as tradable assets.
Overall, 1Market is a good broker that offers a positive trading environment. As a new broker it will likely take some time to build a solid reputation, but that should come in time based on the strength of this brokers’ offerings and standing.
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