1Market Forex Broker

Broker Name1MarketRegistered CountryCyprusCompany Name1MarketRegulationCyprus Securities and Exchange Commission (CYSEC)Minimum Deposit$250 (Standard MT5)Maximum Leverage1:500Spreads or FeesMinimum spread 1 pip (Standard MT5), Zero spread with $7 per lot commission (Zero Spread MT5)Trading PlatformsParagonex Platform, MT5 (MetaTrader 5)Tradable AssetsForex, Stocks, Indices, Commodities, Cryptocurrencies, CFDsAccount TypesMini, Standard, Gold, Platinum, Diamond, VIP, Standard MT5, Zero Spread MT5Customer SupportAvailable 24/5 via telephone, email, online form, social mediaWebsite down or notDownReputation (scam or not)Uncertain (Website down, domain for sale)Overview of 1Market 1Market, a Cyprus-based brokerage firm, was regulated by the Cyprus Securities and Exchange Commission (CYSEC). The company offered popular trading instruments, including forex, stocks, indices, commodities, cryptocurrencies, and CFDs, with a maximum leverage of up to 1:500. Traders could choose between the user-friendly Paragonex Platform and the powerful MT5 trading platform. Various account types were available, catering to different levels of traders, from beginners to high-net-worth individuals, with minimum deposits ranging from $250 to $100,000.Regulation 1Market was regulated by the Cyprus Securities and Exchange Commission (CYSEC). This regulatory oversight ensured compliance with European Union financial standards. However, as the website is now down, its current operational status is uncertain.Pros and Cons 1Market, while offeringtrading instruments and robust platforms, also has its share of limitations. The main advantages include high leverage options, comprehensive customer support, and a variety of account types suitable for different traders. However, the lack of transparency in certain account details and the current uncertainty about the broker's operational status are significant drawbacks.ProsConsHigh leverage options up to 1:500Website is currently downDiverse range of trading instrumentsUncertainty about operational statusTwo robust trading platforms: Paragonex and MT5Lack of detailed information on higher-tier accountsComprehensive customer support available 24/5Multiple account typesMarket Instruments 1Market offered a variety of market instruments to cater to different trading preferences and strategies. Among these, forex trading was a significant focus. Forex, or foreign exchange, involves the trading of currency pairs, allowing traders to speculate on the relative strength of one currency against another. This market is known for its high liquidity and 24-hour trading opportunities, making it an attractive option for many traders. In addition to forex, stocks were another prominent instrument available on 1Market. Stocks represent ownership in a company, and trading them allows investors to gain from the price movements of publicly traded companies. By offering a range of international stocks, 1Market enabled traders to diversify their portfolios and invest in companies from various sectors and regions. Indices trading was also available on 1Market, allowing traders to speculate on the performance of a group of stocks that represent a specific market or sector. Indices, such as the S&P 500 or the FTSE 100, provide a broader view of market trends and can be less volatile than individual stocks, making them a popular choice for those looking to invest in the overall performance of a market. Commodities trading offered exposure to physical goods like gold, oil, and agricultural products. Trading commodities can provide diversification and act as a hedge against inflation. 1Market offered a range of commodities, allowing traders to take positions based on supply and demand dynamics in these markets. Cryptocurrencies were another modern and dynamic instrument available on 1Market. Cryptocurrencies, such as Bitcoin and Ethereum, offer unique opportunities due to their high volatility and potential for significant returns. Trading these digital assets allowed traders to participate in the growing crypto market, which operates independently of traditional financial systems. Lastly, CFDs (Contracts for Difference) were a versatile instrument available on 1Market. CFDs allow traders to speculate on the price movements of various underlying assets without actually owning them. This means traders could go long or short on a wide range of instruments, including forex, stocks, indices, commodities, and cryptocurrencies, using leverage to potentially increase their returns.Account Types 1Market offered a variety of account types tailored to meet the needs of different traders, from beginners to high-net-worth individuals. Each account type came with specific features and requirements designed to enhance the trading experience. The Standard (MT5) account was aimed at providing a balance of flexibility and accessibility. With a maximum leverage of 1:500 and a minimum deposit of $250, this account allowed traders to start with a relatively small investment while benefiting from significant leverage. The minimum spread was 1 pip, and traders could open positions as small as 0.01 lots. This account type supported Expert Advisors (EAs) but details on depositing and withdrawal methods were not specified. The Zero Spread (MT5) account was designed for traders who preferred to avoid spreads on their trades. It maintained the same leverage of 1:500 and minimum deposit of $250 as the Standard (MT5) account. However, the commission structure differed, with a commission of $7 per lot. This account also supported EAs, making it suitable for algorithmic trading strategies. The VIP account targeted high-net-worth individuals with a substantial minimum deposit of $100,000. Specific details on leverage, spreads, and commissions were not provided, indicating a likely customization based on the trader's needs. This account aimed to provide premium features and personalized services to VIP clients. The Diamond account catered to affluent traders, requiring a minimum deposit of $50,000. Similar to the VIP account, details on leverage, spreads, and commissions were not disclosed, suggesting tailored conditions for its users. This account type was likely designed to offer enhanced trading conditions and support. The Platinum account was a tier below the Diamond account, with a minimum deposit of $10,000. While specific details on trading conditions were not provided, this account was expected to offer competitive features to attract serious traders looking for a high level of service and flexibility. The Gold account required a minimum deposit of $5,000. It likely offered favorable trading conditions and additional benefits compared to the Standard account types, appealing to traders with moderate investment capital seeking better terms. The Standard account, not to be confused with the Standard (MT5) account, had a minimum deposit of $1,000. This account type was intended for traders who wanted a straightforward trading experience without high minimum deposit requirements but with access to essential trading tools and support. Lastly, the Mini account required the lowest minimum deposit of $500. This account was ideal for beginner traders or those with limited capital, providing access to the markets with a minimal financial commitment. It allowed new traders to gain experience without significant risk.Account TypeMaximum LeverageMinimum DepositMinimum PositionSupported EACommissionStandard (MT5)1:500$2500.01 lotsYes--Zero Spread (MT5)1:500$2500.01 lotsYes$7/lotVIP--$/£/€ 100,000------Diamond--$/£/€ 50,000------Platinum--$/£/€ 10,000------Gold--$/£/€ 5,000------Standard--$/£/€ 1,000------Mini--$/£/€ 500------Leverage Leverage is a key feature at 1Market, offering traders the ability to control larger positions with smaller capital. This broker provides maximum trading leverage of up to 1:500. This means a trader can control a position worth $500 for every $1 deposited. While high leverage can amplify potential profits, it also increases the risk of significant losses. Traders should use leverage wisely, employing proper risk management strategies such as setting stop-loss orders to protect their investments. Overall, the up to 1:500 leverage offered by 1Market caters to both aggressive and conservative traders, allowing for flexible trading options.Spreads and Commissions Spreads & Commissions at 1Market vary depending on the type of trading account chosen by the trader. This variability allows traders to select the account that best suits their trading style and financial goals. For the Standard (MT5) account, the minimum spread is 1 pip. This account does not specify a commission, making it an attractive option for traders who prefer to avoid additional fees on their trades. The absence of a commission combined with a defined spread can help traders predict their transaction costs more accurately. The Zero Spread (MT5) account offers a different fee structure. As the name suggests, it features zero spreads, which means there are no differences between the bid and ask prices. However, this account comes with a commission of $7 per lot. This setup is ideal for traders who prefer clear and predictable trading costs without worrying about fluctuating spreads. Higher-tier accounts, such as VIP, Diamond, Platinum, Gold, Standard, and Mini, do not specify detailed information about spreads and commissions. This lack of detail suggests that these accounts might offer customized trading conditions, including potentially lower spreads and varying commission structures based on the trader's profile and trading volume. For example, high-net-worth individuals using VIP or Diamond accounts might enjoy more favorable terms compared to those with lower-tier accounts. Overall, 1Market provides a range of options concerning spreads and commissions, allowing traders to choose the account that best matches their trading needs and financial strategies.Trading Platforms 1Market offers two distinct trading platforms to cater to different trader preferences: the Paragonex Platform and the MT5 trading platform. The Paragonex Platform is known for its user-friendly interface and advanced trading features. It is designed to be intuitive for both novice and experienced traders. This platform provides various analytical tools, real-time market data, and customizable charts, enabling traders to make informed decisions and execute trades efficiently. The MT5 trading platform, or MetaTrader 5, is a widely recognized and powerful platform favored by professional traders. It offers comprehensive charting tools, multiple timeframes, and a wide range of technical indicators. MT5 supports algorithmic trading through Expert Advisors (EAs), allowing for automated trading strategies. Additionally, it provides access to multiple financial markets and a variety of asset classes, making it a versatile choice for serious traders.Customer Support 1Market prides itself on offering robust customer support, available 24/5 to assist traders with any queries or issues they may encounter. The customer support team can be reached through various channels:Telephone: Providing direct and immediate assistance for urgent matters.Email: Allowing traders to send detailed inquiries and receive comprehensive responses.Online Form: Enabling users to submit questions or issues through the 1Market website.Social Media: Offering an additional platform for communication and support through popular social media channels. This multi-channel support approach ensures that traders can receive timely and effective assistance, enhancing their overall trading experience with 1Market.Conclusion 1Market, formerly regulated by the Cyprus Securities and Exchange Commission (CYSEC), offered a diverse range of trading instruments and account types to cater to various traders' needs. With maximum leverage of up to 1:500, traders could control larger positions with smaller capital. The trading platforms available, Paragonex and MT5, provided robust tools for both novice and experienced traders. Despite its previously comprehensive offerings, the current status of 1Market is uncertain as its website is down and the domain name is for sale.FAQs What types of trading instruments did 1Market offer？ 1Market offered forex, stocks, indices, commodities, cryptocurrencies, and CFDs. What was the maximum leverage available at 1Market？ The maximum leverage available was up to 1:500. Which trading platforms were available at 1Market？ 1Market provided the Paragonex Platform and the MT5 trading platform. How could traders contact 1Market's customer support？ Traders could contact customer support via telephone, email, online form, and social media. What was the minimum deposit for the Standard (MT5) account？ The minimum deposit for the Standard (MT5) account was $250.Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. 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