1Market is known for its flexible and dynamic trading solutions and offers several types of accounts for traders to choose from according to their unique trading needs and goals. Traders have access to over 600 financial instruments that can be traded via ParagonEx WebTrader or MetaTrader 5 on desktop, web and mobile devices.
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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 the vision of making online trading and investing as accessible as possible, 1Market uses various forms of advanced data analytics and technology solutions. As a result, 1Market can harness the power of technology and provide trading experiences that have something to offer to users of all skill and experience levels.
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1Market offers several different types of accounts that determine what trading conditions you will use.
While some aspects of trading conditions remain consistent across account types, such as high execution speed and absence of slippage when closing trades, the trading conditions you will benefit from will largely depend on the type of account you open with the broker. No matter which trading account you choose, you will be able to enjoy the benefits of trades without fees and commissions. The only fees that may apply to you are the rollover fees you have to pay if you leave a trade open overnight.
In total, there are six different account types on offer: Mini, Standard, Gold, Platinum, Diamond and VIP.
Since it runs on the MT5 platform, you will have all the order types you know. 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 available: for example, hedging, netting and table/graph reporting.
1Markets offers more than 600 instruments, which leads to its high competitiveness over 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 of companies such as Spotify, Pepsi, Morgan Stanley, McDonald’s and Lloyds
- Futures – Trade oil, S&P 500 and ASX200 futures. The 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 multiple asset classes. ETFs are available through CFDs and include QQQ, BNO and UNG.
The leverage selection tool supported by 1Market will make a big impression on you. Basically, 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 leverage selection tool supported by 1Market will make a big impression on you. Basically, 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 hours a day, 7 days a week, although this varies from one instrument to another. 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.
1Market and Security
The online trading industry is an environment characterized by intense competition. Where there is extensive competition, it is very likely that irregularities or situations will occur that threaten the safety of traders. 1Market is fully aware of this and therefore supports and promotes safe business practices. According to them, responsible trading is an integral part of investors’ success.
In order to promote responsible and safe trading, 1Market has a network of regulatory activities that seek to offer traders a safe trading environment. The tools and procedures they use to build a safe trading environment include: anti-money laundering regulations, client suitability tests, trading limits and gaining in-depth knowledge of their clients. Thanks to these measures, they adapt the right tools and regulations for safe trading to traders.
One of the things that impressed us most about how 1Market handles customer trust and safety is how easy it is to find all the important information.
Wherever you are, opportunities follow you. The versatile web-based trading platform 1Market 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 their website called “1Shield”, which is basically a consumer information page. This will give you a complete overview of all the risks commonly associated with trading CFDs and provide you with information about the protections in place. All the content of this site is well explained and never tries to overwhelm you with technical jargon. As a result, we got 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 days a week 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 fast deposit is not available for 1Market clients.
1Market has KYC rules, which means that all clients go through detailed verification and identity verification. Privacy is ensured by the use of the SSL cryptographic protocol. In addition, 1Market cooperates with the Investor Compensation Fund, which acts as an independent body in resolving disputes between broker and trader.
Experience with 1Market
1Market is an international forex broker. Its services can be used by residents of all countries except the USA and states 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 news, market reviews, basic information on trading various assets and a free demo account where you can test your trading strategies and skills without risk. Thus, the conditions of 1Market can be called universal: they are suitable for both an experienced market participant and a beginner. In addition, the company has an affiliate program in which you can also receive a financial reward for participation.
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If that sounds like exactly the kind of trading you’re looking for, then we would highly recommend you try this broker! 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 abundance of positive reviews about the broker 1Market once again confirms its reliability.
Although 1Market was founded only in 2021, it has already collected several industry awards! These are the “Best CFD Broker 2021” and “Best Misleading Brokerage Program 2021” awards presented by Top Forex Awards.
Although two awards does not necessarily mean that the broker can compare with some of the more established players in the field of online brokerage, the fact that it has already managed to collect several industry awards is a really promising sign.
Many forex brokers offer new and existing clients various bonuses, promotions and contests. 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 look at its advantages and disadvantages:
Advantages:
- Free demo account.
- Extensive base with training materials and market analysis tools.
- Round-the-clock support.
- Many groups of trading instruments.
- Availability of Islamic Account.
- Reliable regulation and registration in the 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:
- Depositing and withdrawing money 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.
Is 1Market right for you?
As our detailed review of the broker 1Market showed, this broker has a number of features and advantages 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 from which almost every trader can choose. In addition, there is generous leverage, which is offered at a maximum ratio of 1:400, although this obviously depends on the instrument traded and is subject to local laws. The firm offers a choice of either the reputable MT5 platform or its own WebTrader platform, which allows trading from any device using a web browser or app. The broker is also fully authorized and regulated and offers some useful benefits such as commission-free deposits and withdrawals and a number of different deposit options.
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Broker 1Market is ready to cooperate with both professional market participants and novices. 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. Professionals, in turn, can evaluate other 1Market resources, such as the 1nsight live feed with traders’ trade analysis, market reports, and reviews.
