T1Markets Commission or Brokerage Charges – Review, Plans, FAQs & more
Last Updated Date: Nov 17, 2022Find out all details about T1Markets Commission or Brokerage Charges here.
The trading company owned by General Capital Brokers Limited (GCB) is the popular T1Markets.
This broker is regulated and monitored by the Cyprus Securities and Exchange Commission(CySec) thus offering one of the safest trading services. T1Markets is also an ICF member.
The broker is regulated and offers segregated trading accounts and bank accounts to protect all the funds of all its customers.
In this article, we would be discussing everything about the commission charges, the trading fee, the spread charges, and various other charges.
T1Markets Commission or Brokerage Charges
T1Markets is also known to provide negative balance protection and leverage up to 30:1 for the retail clients and 200:1 leverage for all the professional clients.
The company offers a total of three trading accounts that include the Silver account, Gold account, and Platinum account.
Each of these trading accounts has unique features and benefits that include access to scrap discounts, videos, VPS services, webinars, and many more.
The company does not charge any extra commissions for the trading services that they provide but there are specific spreads, swaps, and other fees.
Each of the trading companies has some specific trading charges and commission charges which vary upon the trading instruments, the trading conditions, the place from where you’re trading, and various other things.
T1Markets offers all the users with commission free trading services with only spread and swaps payable.
However, the overnight flight charges are much higher than the other trading companies, specific discounts and timely discounts are available.
To learn more about these swap values and the swap charges you can log in to the trading platform and under the specification tab, you will get to know the details.
The fee structure of the broker is available on the official website and is quite simple. The charges are quite fair and T1Markets makes money with the narrow spreads on various assets.
T1Markets does not charge any extra amount on the deposits or withdrawals therefore 100% of your money will be there in your account.
T1Markets Charges has some specific inactivity fees:
- If your trading account is inactive for 61 days, the company would be charging a fine of 169 euros
- In case, account is inactive for 91 days an additional 120 euros would be added
- If it is inactive for more than 6 months a fine of 200 euros would be added.
The maximum leverage that the company can charge is about 1:500.
The leverage or the spread amount directly depends on the type of trading account or the asset in which you are trading.
- The spread charges on stock are: 0.07 dollars for the silver account holders, 0.05 dollars for gold account holders, and 0.03 dollars for platinum account holders
- Charges on the Forex: 0.7 pips on EUR/USD, 0.9pips on EUR/GBP, and 1.3 pips on GBP or USD.
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Types of T1Markets Commission Plans
| Types of Commission Plans | |||
| Account Type | Silver Account | Gold Account | Platinum Account |
| Initial Deposit | 250 EUR. | its 250 EUR. | 250 EUR. |
| Spread | From 0.03 pips | Starts From 0.03 pips | From 0.03 pips |
| Commission | Not charged | Free | Free |
| Leverage | 200:1 | 400:1 | 500:1 |
T1Markets provides 2 or 3 types of commission plans.
Each of these plans has unique features and in this section of the article, we would be discussing these commission plans.
Silver Account:
1st T1Markets Commission Plan is Silver Account. The minimum balance or initial deposit is 250 Euros, the spread charges start from 0.03 pips, no commission is charged by the company and the leverage amount is 1:200.
Gold account:
The minimum balance or the initial deposit has to be 250 euros, respect charges start from 0.03 pips, no commission charges and the leverage amount is 1:400.
Platinum Account:
The minimum balance or the initial deposit is 250 euros, the spread charges start from 0.03 pips, no commission is charged and the leverage is 1:500.
An Islamic swap-free account is available for all the commission plans. You need to provide identity proof to avail the Islamic account features.
In this account, the overnight charges have been removed as it is against Sharia law.
The demo account provided by the company is a well-equipped trading account where the users can practice trading using a dummy or fake money.
The demo account has all the exclusive features that are available on the MT4 trading account.
T1Markets Account Opening Process
The T1Markets account opening process is quite simple but you need to be careful while completing the process.
To know more about the account opening process you must read this section of the article thoroughly.
- Firstly, you need to visit the official website and open an account tab.
- After clicking on the tab you will be redirected to the application page where all the necessary details like name, phone number, address, and various other details have to be filled out. Now click on submit.
- After submission, an executive from the company will contact you for the verification process. Here you will have to verify yourself by providing a scanned copy of an identity card.
- After successful verification, your trading account will be opened and you can start trading instantly.
- You will receive the login credentials in your email address and remember to change the password after your first login.
T1Markets Payment or Withdrawal Methods
| Transaction Options | |
| Deposit Options | Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer |
| Withdrawal Options | Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer |
To start trading instantly, you need to deposit money into your account. So to directly deposit money you need to have specific deposit options and T1Markets provide more than five options via which you can deposit money into your trading account or withdraw money into your main account.
- Deposit Method: Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer
- Withdrawal Methods: Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer
Most of the payment methods are available globally but if you do not have access you can contact the authorities.
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T1Markets Investment Assets
| Investment Assets | |
| Currencies Trading | Yes |
| Commodities Trading | Yes |
| Indices Trading | Yes |
| Stocks Trading | Yes |
| Cryptocurrency Trading | Yes |
| ETF’s Trading | No |
| Bonds Trading | No |
| FUTURES Trading | No |
| OPTIONS Trading | No |
| Supported Cryptocoins | bitcoin, bitcoin-cash, bitcoin-gold, Cardano, dash, ethereum, ethereum-classic, iota, lisk, litecoin, monero, nem, neo, qtum, ripple, bitcoin, stellar, zcash |
| Total Tradable Assets | 360 |
| Number Of Currency Pairs | 45 |
| Number Of Cryptocurrencies | 30 |
| Number Of Stocks | 45 |
| Number Of Indices | 20 |
| Number Of Commodities | 20 |
| Number Of Futures | N/A |
| Number Of Options | N/A |
| Number Of Bonds | N/A |
| Number Of ETFs | N/A |
The traders are allowed to invest in various types of assets. The total number of tradable assets in which users can invest is about 350.
- The users are allowed to trade in currency trading, commodity trading, indices trading, stocks trading, and cryptocurrency trading.
- The supported crypto coins are Bitcoin, Bitcoin-cash, Bitcoin-gold, Cardano, Dash, Ethereum, Ethereum-classic, Iota, Lisk, Litecoin, Monero, Nem, Neo, Qtum, Ripple, Siacoin, Stellar, Zcash.
- The total number of tradable assets is at 360, the number of currency pairs is 45 and the number of cryptocurrencies that the users can trade-in is 30.
- The number of stocks in which the users can trade-in is 45, the number of commodities in which the users can trade-in is 20 and the number of indices in which the users can trade-in is 20.
Some of the assets in which the users can trade in are:
- 45 plus currency pairs
- 30 + cryptocurrencies
- 45 plus stocks and shares
The trading company also provides access to various educational resources selling food, different articles for medications, videos, and trading courses.
T1Markets Commission – Conclusion
T1Markets also provides access to Islamic swap-free accounts and also an advanced demo trading account.
Even though the company is new in the market, it is trusted by most of the traders as it works under the guidance of the Markets in Financial Instruments Directive and the European Securities and Markets Authority.
If in any case, the broker cannot sell your financial obligations you will be getting up to $20,000 in compensation from the Investor Compensation Fund.
The company also has dedicated customer care which is available from Monday to Friday 7:00 a.m. to 5:00 p.m. GMT.
The training company allows all its users to trade on more than 300 plus financial CFD instruments that include Cryptocurrency, Forex, Indices, Commodities, Stocks, and Precious metals.
The company allows its users to trade using their MT4 web trading platform, mobile trading app, and official website.
T1 market is owned by General Capital Brokers Limited and is considered to be one of the best and the safest trading companies.
It is regulated by the CySEC and various other governing bodies which protect the personal data of the users and also protect the customer’s funds.
As T1Markets does not have any extra commission charges, it is liked both by beginners and export traders.
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T1Markets Charges or Fees – FAQs
Here is the list of FAQs related to the T1Markets Brokerage Charges or Fees:
Do T1Markets charge commission?
No, T1Markets does not charge any extra commission from any of the traders.
There might be some charges like swap charges or overnight charges and for more details, you have to contact the website.
How much do T1Markets charge brokerage?
The brokerage charge varies depending on the type of asset in which you are trading.
The charges are variable and it also depends on the account which you are using.
What is the Minimum Deposit required in T1Markets?
The minimum deposit of the initial deposit amount required to invest in T1Markets or open a trading account with T1Markets is 250 euros.
This amount is fixed for all the training accounts that the company provides.
How much leverage do T1Markets provide?
The leverage amount or leverage charges directly depend on the asset in which you are trading or your trading account.
However, the maximum leverage that the company can charge is 1:500.
How much is Spread at T1Markets?
The spread charges are variable and it varies depending on the type of trading account which you have opted for. But the spread charges starts from 0.03 pips
What type of Commission Plans are available in T1Markets?
The company provides three types of commission plans or trading accounts which are:
- Silver trading account
- Gold trading account
- Platinum trading account
Do T1Markets provide Cryptocurrency for Investment?
Yes, T1Markets allow the user to trade in various cryptocurrencies and cryptocurrency pairs.
The supported cryptocurrency options are Bitcoin, Bitcoin-cash, Bitcoin-gold, Cardano, Dash, Ethereum, Ethereum-classic, Iota, Lisk, Litecoin, Monero, Nem, Neo, Qtum, Ripple, Siacoin, Stellar, Zcash.
Are T1Markets a legit Forex Broker?
Yes, the company is a legit broker as it is monitored by the CySEC and also runs under the guidance of the Markets in Financial Instruments Directive and the European Securities and Markets Authority.
Can I invest in T1Markets with $5?
The minimum investment that the user has to make to trade with the company is 250 euros and thus you are not allowed to invest with $5.
Are there any hidden charges available with T1Markets?
No hidden charges are present as the company is monitored by CySEC. Whenever you open a trading account with the company all the charges will be sent to your email address.
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