Brokerage company 1Market offers over 650 assets for trading, including ETFs, stocks, indices, commodities, currency pairs. The service guarantees quality online customer service by being a regulated financial intermediary.
At the same time, the office opened its doors to traders only in 2018. Is she trustworthy? And what caused the negative about 1Market?
1Market brand history and licenses
Although domain history has shown that 1Market has an official website running on a re-bought domain since 2019, some sources claim that the brand was founded in 2021. It has two domains – the first is for European traders, and the second works for clients of all countries.
The domains are owned by two different companies. 1Market is operated by Podora LTD, which is registered in the offshore Marshall Islands, and Exelcius Prime LTD, which is registered in Cyprus and licensed by CySEC. Such a residence permit does not give special guarantees to investors – in case of loss of funds, the client will have to resolve issues with the Cyprus Commission.
By the way, the FCA regulator banned the firm from offering brokerage services to UK citizens in September 2021.
What is available to customers? Terminals and tools
The office specializes in CFD trading, and therefore offers the appropriate software. The available terminals include the MT5 program and the WebTrader browser platform. In addition, 1Market broker offers access to the Trading Central service, where the user can get access to up-to-date analytics.
The service complements its advantages with a short list of advantages:
professional support in 11 languages 24/5 – in addition, the client can use the services of a personal manager;
no slippage – 1Market broker does everything possible to ensure that the trader receives instant execution of transactions and fixed spreads;
a unique news feed – the 1nsight service is connected to the platform, which contains the most significant events and changes in the markets.
Trading conditions with 1Market broker
According to the overview of types of trading accounts presented by the intermediary 1Market, the user can choose between accounts that are designed for the ParagonEx and MT5 platforms separately. In the first case, the minimum deposit ranges from € 500 to € 100,000. Detailed trading conditions are not specified.
If a trader decided to open a personal account in 1Market for trading on the MT5 terminal, he needs to pay 250 euros. Two standard account types allow you to choose what to pay for – for spreads from 1 pip or for the transaction itself. The commission fees in this case are $ 7. Clients get 1: 500 leverage, floating spreads and the ability to trade micro lots.
1Market Internet Reputation and Review Results
Since the mediator began his work relatively recently, he has not yet had time to expand his activities for a large number of people. Among traders from the post-Soviet space, the broker is not known at all. Foreign clients are also in no hurry to leave reviews about 1Market; only a few comments were found on the net.
