1Market 2025 Review: Everything You Need to Know
In this comprehensive review of 1Market, we delve into the broker's offerings, user experiences, and expert opinions to provide a balanced view of its strengths and weaknesses. Overall, 1Market has garnered mixed reviews, with some users praising its trading tools and platforms, while others raise concerns about regulatory issues and customer support.
Note: It is important to highlight that 1Market operates under multiple entities across different jurisdictions, which may affect regulatory oversight and user experience. This review aims to provide a fair and accurate assessment based on available information.
Ratings Overview
How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding the broker's services and offerings.
Broker Overview
Founded in 2021, 1Market is an online broker that offers trading services in a variety of asset classes, including forex, stocks, indices, commodities, and cryptocurrencies. The broker operates under the regulatory framework of the Cyprus Securities and Exchange Commission (CySEC) and is registered in the Marshall Islands. Clients can trade using the well-known MetaTrader 5 (MT5) platform or the proprietary web-based platform, Paragon Ex.
1Market claims to provide a secure trading environment and has received recognition for its services, including awards for being a leading CFD broker. However, it has faced scrutiny due to its regulatory status and some negative user feedback regarding withdrawal processes and customer support.
Detailed Analysis
Regulatory Geography: 1Market is regulated under CySEC, which allows it to operate within the European Union. However, it has faced regulatory challenges, including the suspension of its license in 2022 due to compliance issues. This raises concerns about the trustworthiness of the broker, especially for clients outside the EU.
Deposit/Withdrawal Currencies/Cryptocurrencies: Clients can deposit and withdraw funds in multiple currencies, including USD, EUR, and GBP. The broker supports various payment methods, including credit/debit cards and e-wallets like Neteller and Skrill. However, the withdrawal process can take anywhere from 3 to 14 business days, which has been a point of contention among users.
Minimum Deposit: The minimum deposit for opening an account with 1Market is $250, which is relatively low compared to other brokers. However, higher-tier accounts require significantly larger deposits, which may deter beginner traders.
Bonuses/Promotions: 1Market currently does not offer any bonuses or promotional incentives, which is a common practice among regulated brokers. This could be seen as a drawback for traders looking for added value.
Tradable Asset Classes: 1Market provides access to over 600 trading instruments, including major and minor forex pairs, commodities, indices, and stock CFDs. However, the selection of cryptocurrencies is somewhat limited compared to other brokers.
Costs (Spreads, Fees, Commissions): The broker's spreads vary depending on the account type. For example, the classic account has spreads starting from 1.8 pips, while the zero spread account offers spreads from 0 pips with a commission of $7 per lot. While these costs are competitive, they are not the lowest in the industry.
Leverage: 1Market offers leverage up to 1:500 for professional clients, while retail clients are limited to 1:30 in line with regulatory requirements. This high leverage can attract experienced traders but also poses significant risks.
Permitted Trading Platforms: 1Market primarily uses the MT5 platform, which is favored by many traders for its advanced features. The proprietary webtrader is also available but lacks some functionalities of MT5.
Restricted Regions: 1Market does not accept clients from the United States, which is a common restriction among many brokers.
Available Customer Support Languages: Customer support is available in multiple languages, including English, Spanish, German, and French. However, users have reported delays and issues with customer service responsiveness, which is a significant concern.
Ratings Overview (Reiterated)
Detailed Breakdown
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Account Conditions: 1Market offers several account types, but the high minimum deposits for premium accounts can be a barrier for many traders. The lack of bonuses is also a downside.
Tools and Resources: The inclusion of MT5 and the proprietary Paragon Ex platform is a positive, as they offer various tools for traders. However, the educational resources are limited, which may not support beginners adequately.
Customer Service and Support: The customer support has received mixed reviews, with many users reporting slow response times and difficulties in resolving issues.
Trading Setup (Experience): The trading experience on both platforms is generally smooth, but the lack of a dedicated mobile app is a drawback for traders who prefer mobile trading.
Trustworthiness: Regulatory issues and negative user feedback contribute to a lower trust rating. Users should be cautious and conduct thorough research before trading with 1Market.
User Experience: While the platforms are user-friendly, the overall experience is marred by customer service issues and regulatory concerns.
In summary, 1Market presents itself as a potentially viable option for traders looking for a diverse trading experience. However, the regulatory challenges and customer service issues should be carefully considered before engaging with this broker. Always conduct your own due diligence and consider alternatives that may offer better conditions and support.
