Tier1FX Forex broker specializes in providing foreign exchange trading services, the company's official website https://registration.tier1fx.com/welcome, the company's legitimate regulatory information MaltaMFSAMarket Making(MM), to enhance the security of the company's address Nu Bis Centre Mosta Road, Lija LJA9012 Malta.
Tier1FX Forex Broker
Basic information
Malta
Above 20 years Regulated in Malta Market Making(MM) MT4 Full License Regional BrokersCompany profile
Tier1FX Information
Tier1FX is a STP/DMA broker, eliminating the inherent conflicts of interest that may occur between market makers and clients. This broker specializes in a variety of trading instruments such as Forex, Precious Metals, Commodities, CFDs, etc. Traders can trade through multiple platforms in different versions, such as T1FX MT4, JForex, FORTEX 6, and FIX API.
Pros and Cons
| Pros | Cons |
| Regulated | Unspecific spread information |
| MT4 available | Comments about being unable to withdraw |
| Demo available | |
| Leverage up to 1:200 |
Is Tier1FX Legit?
Malta Financial Services Authority(MFSA) regulates Tier1FX with license number C 18954 and License Type Market Making(MM), making it safer than the unregulated one. Due to regulatory restrictions, applications from residents of the United States, Iran, North Korea, and Japan cannot be processed.
What Can I Trade on Tier1FX?
Tier1FX offers various market instruments, including 50+ Forex pairs, Spot Precious Metals, Spot Commodities, Index CFDs, Multi-Asset Trading, and CFDs on Cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Spot Commodities | ✔ |
| Spot Precious Metals | ✔ |
| Index CFDs | ✔ |
| Multi-Asset Trading | ✔ |
| CFDs on Cryptos | ✔ |
Account Type
Tier1FX offers main trading accounts for EUR, USD, and GBP，and demo accounts with a default validity period of 60 days. The demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Main |
| Base Currencies | EUR, USD, GBP |
| Minimum Initial Deposit | 1,000 EUR/USD/GBP |
| Maximum Leverage | 1:200 |
Leverage
The leverage for retail clients is 1:2-1:30, for retail clients it is 1:2-1:100, and for all other clients, it is 1:2-1:200.
Trading Platform
Tier1FX offers a variety of trading platforms, such as MT4-the world's most well-known foreign exchange platform, JFOREX linked to ECN-Swiss Foreign Exchange Market (SFXM) liquidity, FORTEX 6, and FIX API. Both T1FX MT4 and JForex offer mobile applications for Android, iPhone, and iPad.
| Trading Platform | Supported | Available Devices |
| T1FX MT4 | ✔ | Android/iPhone/iPad |
| JForex | ✔ | Android/iPhone/iPad |
| FORTEX 6 | ✔ | - |
| FIX API | ✔ | - |
Deposit and Withdrawal
The minimum initial deposit to open an account is 1,000 EUR or equivalent in other currencies. Bank wire deposits are processed instantly, but international transfers may take 3-5 business days to reach our bank account. Withdrawals may take up to 3-5 business days for international bank transfers and up to 10 business days for funds to reach your credit card. A fixed fee* of $20/€15/£15 applies to each withdrawal.
Rating Index
Tier1FX Account
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
耿挺
Peru
In fact, I am using this platform myself and I think it is good. But when my friends ask me if there is a suitable platform to recommend, I usually don't recommend this one because it requires a minimum deposit of $1,000. I am more inclined to recommend companies with a minimum deposit of just $50 to newbies.
Neutral
2022-11-24
承远-外汇理财 信用融资
Hong Kong
Minimum deposit is too high, which is not suitable for newbies. And the account type you can choose is only one..but the good to mention is that Tier1FX offers live spreads which look good and the fees are transparent.
Neutral
2022-11-17
FX1456945040
Hong Kong
I am a T1 user with an account number of 19460 and an account amount of 25029.87 US dollars. The email address I used in the early stage is no longer available. Now the agent is out of contact and I want to withdraw funds. Please tell me who to contact for the withdrawal. No one has contacted me so far. .
Exposure
2023-04-16