1MARKET Forex Broker

1Market Forex Broker - Complete Information Guide

1. Broker Overview

　　1Market, founded in 2021, is a trading platform owned and operated by Podora Limited, a company registered in the Marshall Islands. The broker's main offices are located in Cyprus, which serves as its European hub. As a private entity, 1Market aims to provide comprehensive trading services to both retail and institutional clients globally, except for residents of the United States.

　　Since its establishment, 1Market has rapidly gained recognition within the trading community, winning awards such as the Best CFD Broker and the Best Introducing Broker Program at the Top Forex Awards in 2023. The broker offers access to a wide range of financial instruments across various asset classes, including CFDs, forex, stocks, indices, and commodities.

　　The business model of 1Market primarily focuses on retail forex trading while also catering to institutional clients with tailored solutions. This approach allows the broker to meet the diverse needs of its clientele, thereby enhancing their trading experience.

2. Regulation and Compliance Information

　　1Market operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), holding license number 366/18. This regulation ensures that the broker adheres to the strict standards set forth by the Markets in Financial Instruments Directive (MiFID), which aims to enhance investor protection across the European Economic Area (EEA).

　　The broker is also registered in 27 EU countries, ensuring compliance with local regulations and providing a secure trading environment for its clients. 1Market implements a strict Know Your Customer (KYC) policy, requiring clients to verify their identity before trading. This includes submitting government-issued identification and proof of residence.

　　Client funds are kept in segregated accounts, ensuring that they remain separate from the broker's operational funds. Additionally, 1Market is a member of the Investor Compensation Fund, which provides coverage for retail investors up to €20,000 in case of business failure. The broker also follows Anti-Money Laundering (AML) regulations, monitoring transactions for suspicious activities and reporting them to relevant authorities.

3. Trading Products and Services

　　1Market offers a diverse range of trading products, enabling clients to trade over 600 CFDs across various asset classes. These include:

• Forex: The broker provides access to a wide array of currency pairs, including major, minor, and some exotic pairs.
• CFDs: Clients can trade contracts for differences on commodities, indices, stocks, and ETFs. Notably, 1Market does not currently offer cryptocurrency trading.
• Special Products: The platform features unique trading solutions such as the 1nsight live feed, which provides real-time insights based on the trading activity of thousands of users.

　　The broker is committed to regularly updating its product offerings to meet market demands. Retail clients can benefit from competitive trading conditions, while institutional clients can access bespoke services tailored to their specific needs.

4. Trading Platforms and Technology

　　1Market supports two primary trading platforms: MetaTrader 5 (MT5) and its proprietary Paragon Ex web-based platform.

• 　　MetaTrader 5: This widely-used platform offers advanced trading tools, including multiple timeframes, technical indicators, and automated trading capabilities through Expert Advisors (EAs). MT5 is available on desktop and mobile devices, providing flexibility for traders on the go.

• 　　Paragon Ex: This proprietary platform is designed for ease of use, featuring a user-friendly interface that supports various browsers. It includes essential trading tools and functionalities, although it lacks some of the advanced features found in MT5.

　　1Market's platforms do not currently offer a dedicated mobile app, but the web-based platform can be accessed via mobile browsers. The broker's infrastructure ensures fast execution speeds and reliable performance, catering to both novice and experienced traders.

5. Account Types and Trading Conditions

　　1Market provides several account types, each designed to cater to different trading needs:

• Mini Account: Requires a minimum deposit of $500 with wider spreads.
• Standard Account: Requires a minimum deposit of $1,000 and offers more competitive spreads.
• Gold Account: Requires a minimum deposit of $5,000, providing access to additional features and benefits.
• Platinum Account: Requires a minimum deposit of $10,000 for experienced traders seeking competitive conditions.
• Diamond Account: Requires a minimum deposit of $50,000, offering the best trading conditions.
• VIP Account: Requires a minimum deposit of $100,000, aimed at professional traders.

　　The leverage offered varies by account type, with retail clients limited to a maximum of 1:30 and professional clients able to access leverage up to 1:400. The minimum trade size is 0.01 lots, and overnight fees apply for positions held past midnight.

6. Fund Management

　　1Market supports various deposit and withdrawal methods, including:

• Deposit Methods: Credit/debit cards, bank transfers, and e-wallets such as Neteller and Skrill. The minimum deposit requirement is $250 for basic accounts, while higher-tier accounts require more substantial deposits.
• Withdrawal Methods: Withdrawals must be processed back to the original payment method used for deposits. 1Market does not charge withdrawal fees, but processing times can vary, typically taking up to 3 business days.

　　The broker does not charge any deposit fees, although third-party payment providers may impose their own charges.

7. Customer Support and Educational Resources

　　1Market offers customer support through multiple channels, including:

• Contact Methods: Email, phone, and live chat. The support team is available 24/5 in multiple languages, ensuring assistance is accessible to a diverse client base.
• Educational Resources: While the broker provides some educational materials, including a glossary and introductory videos, more comprehensive resources may be necessary for traders seeking in-depth knowledge.

　　Market analysis services are also available, including daily market reports and insights from the 1nsight tool.

8. Regional Coverage and Restrictions

　　1Market primarily serves clients in the European Economic Area (EEA) and other regions, but does not accept clients from the United States. The broker has established a presence in various countries, ensuring compliance with local regulations.

　　Despite its regulatory oversight, potential clients should be aware of the risks associated with offshore brokers, particularly regarding fund security and withdrawal processes.

　　In summary, 1Market broker offers a comprehensive trading experience with a range of financial instruments, competitive trading conditions, and robust regulatory compliance. However, potential clients should carefully consider the broker's offerings in relation to their individual trading needs and risk tolerance.