T1Markets Trading Account – Review, Types, Process, Benefits, Charges and moreLast Updated Date: Nov 17, 2022
Check out everything abut T1Markets Trading Account here.
T1Markets is a popular forex broker that works under the name of General Capital Brokers Limited (GCB) which is authorized and monitored by the Cypress Securities and Exchange Commission (CySEC).
The broker offers over 300 plus financial CFD instruments to trade in that cover everything including Forex, commodities, stocks, metals commodities, and cryptocurrencies on the company’s MT4 trading platform and the mobile trading application.
As the trading company is monitored by government authorities, the company offers segregated trading accounts for all its status and also offers negative balance protection as a form of safety measure.
T1Markets Trading Account and Benefits
Before you start investing in the market and start trading on the various assets that the company provides for its users you need to open a trading account with the company.
With the help of these trading accounts, you can start investing in the various assets that the company provides that include commodities, currency pairs commodity, and various other assets.
The company does not charge any extra amount for opening a trading account but there might be some minimum investment charges or initial deposit amount which varies depending on the type of your account preference.
T1Markets has developed three types of trading accounts that include the Silver Account, Gold Account, and the Platinum Account.
Each of these accounts offers various conditions and gives you free access to many premium additional services.
The type of account that you require will depend on your deposit amount, trading behavior, and capital.
After successful registration with the company, your account representative will contact you to help you with the setup and anything else that you need to get started as soon as possible.
After analysis of your trading behavior and Capital, the account manager would suggest to you the account which is most suitable for you.
Some of the exclusive benefits of the trading account provided by T1Markets are:
- The accounts are CySEC regulated
- You will have the option to trade on over 300 plus trading instruments
- The trading accounts can be accessed from the MT4 trading platform and the mobile trading application
- The minimum deposit is only $250
- The company offers all its clients the ability to deposit and withdraw amounts free of cost. So the entire money remains in your account.
More about T1Markets Trading Account
For the retail plans, the leverage amount is up to 30:1, and for the professional clients, the leverage amount is up to 200:1.
The traders who want to open an account with T1Markets have the option to select from three unique accounts called the Silver Trading Account, Gold Trading Account, and Platinum Trading Account.
Each of these trading accounts comes with specific benefits and features that include webinars, swap discounts, VPS services, and many other features.
For all the accounts, no commission charges are required during treating, just spread, scrap charges, and other fees are applicable.
The broker has also developed access to Islamic swap-free accounts and a well-equipped demo account.
T1Markets also allows all its traders access to various educational materials, videos, and other training courses and customer services are available from Monday to Friday 7:00 a.m. to 5:00 p.m.
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T1Markets Trading Account Charges
|Trading Account Charges|
|Account Type||Silver Account||Gold Account||Platinum Account|
|Initial Deposit||250 EUR.||its 250 EUR.||250 EUR.|
|Spread||From 0.03 pips||its From 0.03 pips||From 0.03 pips|
The company promises to offer a commission-free trading service with only spreads and swap amounts that are to be paid.
The overnight swap charges might be higher as compared to the other brokers in the industry but the company offers specific discounts.
The swap amount can only be available on the official website of the company under the specification tab of the instrument that is being traded.
According to the legal documents available, the company would charge a monthly inactivity fee of about $160 if your positive account is inactive for more than 61 days.
The amount increases to 500 euros if there is no activity for more than 271 days.
Types of T1Markets Trading Account
|Types of Trading Account|
|Trading Desk Type||STP|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
Like most of the other trading companies, T1Markets has developed three very different types of trading accounts which have been exclusively packed with features that have been developed keeping in mind the different tastes of various clients.
Even though you might prefer one account, the account manager provided by the company would be selecting you the best account.
So the types of trading accounts provided by T1Markets are:
- There are no commission charges and the minimum initial deposit is 250 EUR
- The spread amount starts from 0.07 pips
- The maximum leverage can be up to 1:200
- Spread for EUR/USD is 28
- For gold and crude oil, the amounts are 80 and 250 respectively
- The withdrawal process is about 5 days
- You will receive automatic news alerts
- You will have an account manager along with webinars and videos
- Also, you will have access to an Islamic account and 24 by 5 customer care support
- Hedging is available and swap discount is 0%
- No extra commission charges and the minimum deposit amount is 250 EUR
- The spread amount starts from 0.05 pips
- The maximum leverage amount is 1:400
- Spread for EUR or USD is 20
- For golden crude oil, the amount is 70 and 200 respectively
- The withdrawal process takes about 5 days
- You will receive automated news alerts, free VPS, account manager and webinars, and videos
- Islamic account is supported
- You will receive 24 by 5 customer care support
- Hedging is available and swap discount is 25%
- The initial deposit amount is 250 EUR and no Commission is charged by the company
- The spread amount starts from 0.03 pips
- Maximum leverage is up to 1:500
- Spread for EUR/USD is 18
- Ford crude oil and gold the amount is 200 and 60 respectively
- The withdrawal process is about 5 days
- You will receive news alerts, free VPS, account manager, and webinars and videos.
- Islamic account is supported
- 24×5 customer support is available
- Hedging is available
- The swap discount is about 50%.
Even though T1Markets only allows traders from European countries, but it also provides an Islamic account for all Muslim clients.
This Islamic account is also known as Swap Free account which is made available by the forex broker for all the clients who follow the Quran’s belief strongly or follow the Sharia law.
According to the law, paying any type of interest is forbidden as a result most the Muslim people cannot or are forbidden to pay any interest when it comes to Forex.
To get an Islamic account or a swap-free account you will have to contact the authorities at T1Markets and show proof of your Muslim identity.
T1Markets has also developed a demo account or a virtual account for all its clients.
The virtual account is loaded with virtual currencies or dummy money which the traders can use to practice trading.
In this demo account, the traders can get accustomed to the trading market and the trading environment. They can also try out various trading strategies and sharpen their trading skills.
The demo account provides a risk-free environment for the traders to understand the process of trading.
This account is quite helpful for beginner-level traders who have no idea about the market.
T1Markets Account Opening and Trading Process
The account opening process with T1Markets is pretty simple. But, if you still have doubts, you must follow the steps given below.
- First of all, visit the official website of T1Markets and click on ‘ Open Trading Account’.
- Now you will be redirected to a new page where you have to fill up an application form.
- In this application form, you have to fill up personal details like name, contact number, residential address, email address, and some other necessary details that are required by the company. After filling up the necessary details click on the submit button.
- After successful submission, you will be redirected to the next page where you have to verify your identity. The verification process is quite similar to the process in a bank. You are required to submit a scanned copy of a government-authorized identity card that includes a password, voter ID card, or Aadhar card to the company.
- After successful verification, your account will be opened and the login ID and password would be sent to your email address.
- The trading accounts can be directly accessed from the trading platforms or the mobile trading application provided by the company.
Now your account manager will contact you and will help you with the rest of the process.
Find Different Trading Account Types of Forex Brokers
T1Markets Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
Some of the exclusive features provided by the T1Markets are:
- The company provides educational services like education videos, documents, and other articles so that all the clients get to understand more about the trading process and the market.
- The company also provides some other features like trading signals and email alerts.
- Trailing SP or TP feature is also available
- The automated trading process is one of the premium features that the company provides for all its clients
- VPS services are also available and you can directly trade from the chart.
- The company also has the one-click trading feature which is preferred by most of the clients.
Check out Online Trading Services of FOREX Brokers
T1Markets Trading Account – Conclusion
Even though T1Markets was established in 2020 and is fairly a new company, the trading services provided by them have been heavily appreciated by clients from all over Europe.
Their commission-free trading service makes them one of the best online trading services in the market.
The company provides a free demo account along with a meta trader for trading applications.
T1Markets provides one of the best trading services for beginner-level traders.
Thanks to the regulated framework that T1Markets follow, it is known to be a safe and secure broker.
T1Markets Online Trading – FAQs
Here is the list of FAQs related to the T1Markets trading account:
Do T1Markets provide Online Trading?
Yes, T1Markets is an online broker that provides trading services to clients from all over Europe.
The trading company allows its clients to trade in various assets that include commodities, CFD, and many others.
What are the Commission Charges in T1Markets?
One of the exclusive advantages of trading with this specific trading company is that they do not charge any kind of commission whenever you are trading regardless of the account or the instrument which you are using.
This makes T1Markets stand out in the trading market.
Do T1Markets provide Demo account Trading?
The company has developed a demo account or a virtual trading account which is quite similar to the main or the live trading account.
All the exclusive features, instruments, charts, and many others are available in this demo account.
The demo account is also equipped with dummy money so that the users can practice trading.
Is trading Free at T1Markets?
The company is known to charge no commission regardless of the account or the instrument that the user is using to trade. But there are specific swap charges and overnight charges.
The details are available on the official website of the company.
Do T1Markets provide Stock Trading?
Along with various other assets that include CFD, commodities, and various others, T1Markets allow its users to trade in stock.
The users are allowed to trade in stocks regardless of the trading account that they’re using.
What is Spread at T1Markets?
The spread charges vary depending on the type of trading account that the user is opting for.
For the silver trading account, the spread is 0.07 pips, for the gold trading account it is 0.05 pips and lastly, for the platinum account, it is 0.03 pips.
Is T1Markets safe for trading?
The trading Company is monitored and controlled by various authorized bodies that also includes the CySEC.
Thus, the customer funds and the personal information of the customers are safe with the company.
Do T1Markets provide Trading Tips?
Yes, the company provides various educational materials that include educational videos, documents, and articles along with trading tips for all the users.
This is done so that the users get accustomed to the environment and get to know more about the trading process.
Fill up the Form – Open Forex Trading Account Now!
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