1Market – Review of Cyprus broker

Founded in 2021, 1Market offers its comprehensive trading solutions and services worldwide, including the EEA, in compliance with MiFID requirements. 1Market is a well-regulated CFD and forex broker based in the Marshall Islands, owned and operated by Podora Limited. So let’s get to the 1market review.

Known for its flexible and dynamic trading solutions, 1Market offers several account types for traders to choose from based on their unique trading needs and goals. Traders have access to over 600 financial instruments that can be traded through ParagonEx WebTrader or MetaTrader 5 on desktop, web and mobile devices.

1Market accepts traders from Australia, Thailand, Canada, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries .

Traders cannot use 1Market from the United States, Albania, Afghanistan, Bahamas, Barbados, Belgium, Botswana, Cambodia, Korea, Ghana, Iraq, Iran, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Pakistan, Panama, Syria, Trinidad and Tobago, Uganda, Vanuatu, Yemen and Zimbabwe.

1Market – Platform and Features

Founded with a vision to make online trading and investing as accessible as possible, 1Market uses various forms of advanced data analysis and technology solutions. This allows 1Market to harness the power of technology to deliver a trading experience that has something to offer users of all skill and experience levels.

1Market offers several different types of accounts that determine what trading conditions you will use.
While some aspects of the trading conditions remain consistent across account types, such as fast execution speed and no slippage when closing trades, the trading conditions you will benefit from will largely depend on the type of account you open with the broker. Regardless of which trading account you choose, you will be able to enjoy the benefits of trading without fees and commissions. The only fees you may be charged are the rollover fees you have to pay if you keep the trade open overnight.

There are a total of six different account types: Mini, Standard, Gold, Platinum, Diamond and VIP.

Since it runs on the MT5 platform, you will have all the types of orders you are familiar with at your disposal. This includes market orders, pending orders, take-profit orders and stop-loss orders. A total of six different order types are available and four execution models are on offer: for example hedging, netting and table/chart reporting.

1Markets offers more than 600 instruments, which makes it highly competitive with alternative brokers.

• Indices – Speculate on the underlying value of 13 major indices, including the S&P 500, DAX 30 and Nikkei 225.
• Forex – Trade 21 major, minor and exotic currency pairs including GBP/USD, EUR/GBP and NZD/JPY.
• Stocks – Invest in over 400 stocks from companies such as Spotify, Pepsi, Morgan Stanley, McDonald’s and Lloyds
• Futures – Trade oil, S&P 500 and ASX200 futures contracts. A typical expiration time is 30 to 90 days.
• Commodities – Speculate on the price of four precious metals and three energies including gold, natural gas and oil.
• ETFs – Invest in over 40 exchange-traded funds across various asset classes. ETFs are available through CFDs and include QQQ, BNO and UNG.

You will be very impressed with the leveraged selection tool powered by 1Market. Essentially, this tool allows you to calculate the appropriate level of leverage for a particular trade. This information can then help you make better business decisions. It allows you to calculate different scenarios based on current market data as well as your risk profile.

The 1Market trading platform is available 24/7, although this varies from instrument to instrument. For example, currency pairs can be traded from 22:00 on Sunday to 21:00 on Friday. Cryptocurrencies, on the other hand, are available from 00:00 on Sunday to 23:59 on Saturday, while ETFs can be traded from 14:31 on Monday to 20:59 on Friday.

The schedule of public holidays and market closures is published on the broker’s website. Programs for generating passive income are not provided on 1Market.

Read also: Ozios MT5 terminal and wide range of tools

1Market and security

The online trading industry is an environment characterized by intense competition. Where there is extensive competition, it is very likely that there will be malfeasance or situations that threaten the safety of traders. 1Market is fully aware of this and therefore supports and promotes safe trading practices. According to them, responsible trading is an integral part of the success of investors.

In support of responsible and safe trading, 1Market has a network of regulatory activities that strive to offer traders a safe trading environment. The tools and procedures they use to build a secure trading environment include: anti-money laundering regulations, client suitability tests, trading limits and gaining thorough knowledge of their clients. With these measures, they adapt traders the right tools and regulations for safe trading.

One of the things that impressed us most about 1Market’s handling of customer trust and security is how easy it is to find all the important information.

Wherever you are, opportunities follow you. 1Market’s universal web trading platform allows you to do this without a single download. All you need is a good internet connection and access to all the tools you need to succeed.

1Market has a dedicated section on its website called “1Shield” which is essentially a consumer information page. This will give you a complete overview of all the risks normally associated with trading CFDs and provide you with information about the protections they have in place. All the content on this site is well explained and never tries to overwhelm you with technical jargon. Based on this, we get the impression that 1Market takes customer protection seriously and actively wants you to know what processes and procedures it has in place. 1Market offers high-quality customer support available 24/5 in 11 languages.

1Market says it accepts payments by VISA, MasterCard and American Express credit cards, bank transfers and a number of e-wallets including Neteller, Skrill, Sofort, Rapid, PaySafe Card and Volt, but the transaction takes 3 to 14 business days, so a quick deposit is not for available to 1Market clients.

1Market has KYC rules, which means all clients go through detailed verification and identity verification. The protection of personal data is ensured by the use of the SSL cryptographic protocol. In addition, 1Market works with the Investor Compensation Fund, which acts as an independent broker-dealer dispute resolution body.

Read also: TOP 5 Tips on Saving Money in 2023

Experience with 1Market

1Market is an international forex broker. Its services can be used by residents of all countries except the USA and countries where trading is prohibited by law.

The company provides comfortable conditions for the independent work of traders, such as high-quality terminals, a wide selection of trading and analytical tools and indicators. 1Market clients are provided with reports, market reviews, basic information on trading various assets and a free demo account where you can test your trading strategies and skills risk-free. Therefore, the 1Market conditions can be described as universal: they are suitable for both an experienced market participant and a beginner. In addition, the company has a partner program, for participation in which you can also receive a financial reward.

If this sounds like exactly the kind of trading you are looking for, then we would highly recommend giving this broker a try! However, if you want a complete overview of everything 1Market has to offer, continue reading the following review to get a more complete picture. The number of positive reviews about the 1Market broker once again confirms its reliability.

Although 1Market was only founded in 2021, it has already managed to collect several industry awards! These are the “Best CFD Broker 2021” and “Best Misleading Broker Program 2021” by Top Forex Awards.

Although two awards do not necessarily mean that the broker can compare with some of the more established players in the online brokerage field, the fact that it has already managed to collect several industry awards is a really promising sign.

Many forex brokers offer various bonuses, promotions and contests to new and existing clients. These bonuses are provided in the form of trading credit that traders can use to save traders their capital when starting trading.

1Market does not currently offer any bonuses, promotions or trade contests.

Based on this alone, it is clear that the future of 1Market looks really bright!

1Market – Advantages and disadvantages

Nothing and no one is perfect. Broker 1Market is no exception. Let’s take a look at its pros and cons:

Advantages:

• Free demo account.
• Extensive base of learning materials and market analysis tools.
• 24/7 support.
• Many groups of trading instruments.
• Availability of Islamic account.
• Reliable regulation and registration in 27 EU countries.
• Cooperation with an independent body involved in resolving disputes between 1Market and its clients.

In any case, there is a lot of room for further development of brokerage activities. Here are some of them:

Disadvantages of 1Market:

• Deposit and withdrawal takes 3 business days or more.
• The broker does not offer passive income programs, bonuses or contests.
• Separate bank accounts are not used to segregate customer funds.

competetive broker: Investago review – demo account and education

Is 1Market right for you?

As our detailed review of the 1Market broker has shown, this broker has a number of features and benefits that will appeal to many online traders. 1Market offers over 600 CFD instruments with a good selection of currency pairs, along with stocks, indices and ETFs. There is a wide selection of account types available for almost every trader to choose from. In addition, there is generous leverage that is offered at a maximum ratio of 1:400, although of course this depends on the instrument traded and is subject to local laws. The firm offers a choice of either the recognized MT5 platform or its own WebTrader platform, which enables trading from any device using a web browser or application. The broker is also fully authorized and regulated and offers some useful benefits such as fee-free deposits and withdrawals and a number of different deposit options.

Broker 1Market is ready to cooperate with both professional market participants and newcomers. The company offers a powerful educational base that will help novice traders understand the peculiarities of trading various instruments, master the psychology of trading and get positive results. In turn, professionals can review other 1Market resources, such as the 1nsight live feed with analysis of traders’ trades, market reports and reviews.

This article is also avalible in Czech or Slovak