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Introduction

Founded in 2021, 1Market is a new broker to the scene. However, it is fully licensed and operated by parent company Podora Ltd, which is based in the Republic of the Marshall Islands, with the registration number 107838. Podora’s European operation is owned by Cyprus-based Exelcius Prime Ltd, and its services are regulated by CySEC for European investors.

It has already won two Top Forex Awards: ‘Best CFD Broker 2021’ and ‘Best Introducing Broker Program’.

1Market Trading

Offering of financial investments

Primarily a forex and CFD broker, 1Market offers a total of 600+ financial instruments, with access to global markets. Traders will be able to access:

  • An extensive range of forex pairs, including major, minor and exotic pairs
  • Stocks and stock CFDs, including commission-free stocks
  • Commodities including gold, silver, oil and gas
  • Indices
  • ETFs

1Market Trading Account Types

This 1Market broker review found that traders can choose between six different account types: Mini, Standard, Gold, Platinum, Diamond and VIP. Islamic versions of all account types are available. There is also a demo account, which is helpful for beginner traders to test their skills before trading with real money.

The Mini is the entry-level account, with a minimum deposit of $250, making it very accessible to new traders. Trading is accessed through the WebTrader interface on this account.

The Standard account jumps to a $1,000 deposit requirement, but this provides investors with access to the broker’s 1nsight Live Feed, trading signals, access to the MetaTrader 5 (MT5) platform, and 24/5 customer support

Gold and Platinum accounts are recommended for advanced traders, with minimum deposits of $5,000 and $10,000 respectively. Additional benefits on these accounts include personalised push and SMS notifications, and regular market insights.

At the top end are the Diamond and VIP accounts for experienced traders, with minimum deposits of $50,000 and $100,000 respectively. There is also a Professional account for full-time forex traders, who can enjoy leverage up to 1:400.

1Market Commission and Fees

Traders can access 450 high-profile stocks and CFDs commission-free at 1Market. However, customers should note that swaps may be charged on positions held overnight (rollover fees).

Deposits can be made using debit, credit or pre-paid cards; bank transfer; and e-wallet options, including Neteller, Skrill, Sofort, Rapid and Volt.

Fees are not charged on deposits or withdrawals.

1nsight Trading

1Market Platforms and Tools

Traders with the higher-tier accounts (Standard account upwards) will be able to execute trades via the industry-leading MT5 platform. MT5 is a fast, efficient and powerful platform that enables traders to execute orders in a number of financial markets and stock exchanges through a single account. Traders who are used to the MT4 platform will find the upgrade equally user-friendly.

The WebTrader version is also available for those who prefer not to download software onto their devices, and can be accessed directly via a browser.

Unique to 1Market is its 1nsight feature, which scans the trading activity of thousands of assets by the 1Market investment community. This provides data-driven trading intelligence in real time. The 1nsight Live Feed provides a live streaming pool of market events, while the Trending Gauge shows how traders are reacting to new inputs and trends.

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1Market Research

This broker provides access to the Trading Central platform, which gives traders a global perspective across a range of asset classes, including commodities and forex. It helps users to identify market signals as they emerge, as well as providing expert market analysis and a variety of useful technical indicators.

1Market’s trading is inspired by what it refers to as the “Wisdom of the Crowd”. Its 1nsight trading environment helps traders of all levels to track trends in real time and observe the reactions of the growing 1Market community. Highlighted deviations make it easier to spot potential opportunities.

1Market Trading Central

1Market Mobile Trading App

1Market offers a bespoke trading app that is free to download for iOS or Android devices. The layout is simple but effective, and the live feed is easy to navigate. As well as providing users with full access to execute trades and check their positions on the go, it provides an interface with Trading Central, though access to technical indicators is a little more limited on the app.

Should I trade with 1Market?

Users can trade with confidence with 1Market. Operated and owned by Podora Ltd, which is based in the Marshall Islands, the company is licensed with registration number 107838. It is also regulated and authorised by the Cyprus Securities and Exchange Commission (CySEC) within the European Economic Area. This regulation requires trader funds to be segregated, and therefore protected, by the broker.

1Market also offers negative balance protection. This means that an investor’s positions will automatically be closed when an account reaches a zero balance, protecting the investor, the broker, and all other account holders.

This 1Market review found the broker to offer a significant number of assets for trading via the industry-leading MT5 platform, with 24/5 customer support in 11 different languages. However, what prospective traders will find most appealing are its unique 1nsight Live Feed – providing real-time trading intelligence – and access to the Trading Central research and education facility.

Pros

  • Over 120 charting tools and technical indicators
  • Social/copy trading
  • Free deposits and withdrawals
  • 24/5 customer support in 11 different languages
  • Scalping and hedging permitted
  • Crypto trading
  • Daily market report

Cons

  • High initial deposit
  • High overnight commissions

FAQs

Is 1Market a scam?

1Market is a legitimate broker regulated by the FCA and an impressive 27 other regulatory bodies across the European Economic Area. Its EU client portal, operated by Exelcius Prime Ltd, is regulated by CySEC, under licence number 366/18. It is owned by Podora Ltd, which is headquartered in the Marshall Islands.

How do I open an account with 1Market?

Registration is very quick and easy. Simply enter your details in the form provided. You will need to verify your identity using a passport, driving licence or national ID card, and your address, using a recent utility bill or similar. Once this has been checked, you can start trading immediately.

Can I get an Islamic account at 1Market?

This broker offers a version of each of its six account types that is compliant with Islamic law. This means that no interest is charged on open positions and no interest is paid to the client. There is no spread widening, and no specific individual commissions are taken on trades.

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