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1Market Broker Review

Review By: Alan Little
Review Updated: 2021-05-19
4.2
Rating

CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE. 79% OF RETAIL INVESTOR ACCOUNTS LOSE MONEY WHEN TRADING CFDS WITH THIS PROVIDER. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CFDS WORK AND WHETHER YOU CAN AFFORD TO TAKE THE HIGH RISK OF LOSING YOUR MONEY.

Overall Ratings
4.2
1Market Fees
4
Trading Platforms
4
Mobile Trading App
4
Market Research
5
Customer Service
4

1Market broker features

Feature 1Market
Minimum deposit: $250 USD
Withdrawal fee amount:
Inactivity fee charged (Y/N):
Max leverage:
Spread from:
Number of instruments:
Year founded:
Time to open account:
Demo account provided (Y/N):
Countries of regulation:
Products offered:

1Market pros and cons

Pros
  • Support for social trading and copy trading
  • 1nsight Live Feed provides access to trend information
  • MetaTrader 5 support
  • Daily market report
Cons
  • Somewhat limited stock selection
  • Minimal support for beginner traders
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Review Sections:

Who are FXTM?

Front page of 1Market website Introduction
1Market is a regulated online broker of CFDs that offers investment and trading services in indices, forex commodities and shares. 1Market was founded in 2021 in the Marshall Islands by Podora Ltd., a Marshall Islands company that is registered under number 107838. 1Market is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investor Compensation Fund. As a relatively new entrant into the brokerage field, 1Market offers a comprehensive and secure trading environment. Clients have the freedom to trade in a range of investment vehicles, including stock CFDs, zero-commission stocks, ETFs, currencies, indices and commodities. 1Market supports social and copy trading, allowing traders to explore new ways to trade and to learn from one another. 1Market offers a range of account options based on the amount deposited. 1Market account options 1Market supports the MetaTrader 5 trading platform and also facilitates trading directly through a web browser. A variety of trading tools are offered by 1Market, including a daily market report and the 1nsight Live Feed, which identifies trends as they happen. Overall, 1Market is a solid entrant in the online brokerage field with much to offer traders.

1Market Fees

4
Rating
When it comes to fees and commissions, 1Market does not charge either. No fees are applied to deposits or withdrawals. A fee will apply when a trading position is held overnight: at 00:00 GMT, a commission will be charged or paid, depending on the direction of the position. The only trading cost to clients is the bid-ask spread that 1Market charges when you enter and exit trades. Traders open long positions at the asking price and close them at the bid price. In comparison, short positions are opened at the bid price and closed at the asking price. All spreads are fixed at 1Market, although traders can contact customer support to request custom spreads. A selection of overnight commission fees are provided below:

Trading Platforms

4
Rating
1Market supports trading through the MetaTrader 5 platform, which has become an industry standard. MetaTrader 5 downloads are available for the desktop on Mac and Windows and mobile devices via Google Play for Android and the App Store for Apple devices. Support for trading directly through the web browser is available through WebTrader. All web browsers are supported, including Chrome, Opera, Firefox and Microsoft Edge. 1Market has announced its intention to support trading via mobile through their platform in the near future. Several tools are provided by 1Market to enhance the trading experience. A Daily Market Report, Financial Market News, Leverage Selector, Trading Central and 1nsight Live Feed are some of the tools available from this broker.

Mobile Trading App

4
Rating
At this time, mobile trading is supported through the MetaTrader5 apps for Android and iOS devices. These apps can be downloaded from Google Play for Android and via the App Store for Apple devices. Mobile trading provides access to interactive charts, various trading functions and fully-fledged technical analysis. The functionality of the mobile app is virtually identical to the desktop platform. All types of trading and execution modes are supported, in addition to nine chart timeframes, 30 technical indicators, 24 graphical objects, an internal news feed and a built-in secure chat. 1Market has indicated that they also intend to launch proprietary apps for mobile trading.

Market Research

5
Rating
1Market has several tools to support the research efforts of traders. One of them provides a daily market report that delivers a summary of market conditions, including the hottest market news and announcements. A global look at the financial markets is available through Financial Market News. This includes information on major events in the financial arena and a synopsis of general conditions in the stocks, forex, and commodities markets. Trading Central is a third-party tool accessible by 1Market traders up to three times per day free of charge after you have funded your account. Trading Central is the top provider of real-time trading signals and market sentiment for retail traders. Signals are available for all classes of assets offered by 1Market and Trading Central provides access to a range of trend confirmation tools and technical indicators. 1nsight Live Feed is a proprietary tool offered by 1Market. It provides a live feed that identifies trends, volume spikes, spot trend reversals and position bounces. A set of intelligent algorithms powers 1night. The tool scans the trading activity of thousands of traders and assets to provide data-driven insight into real-time actions. 1nsight displays data on the side of your screen, so information is readily available alongside each asset. Trading through MetaTrader5 affords access to 38 technical indicators and 44 analytical tools, in addition to 21 chart timeframes ranging from one minute to one month. Unlike some brokers, 1Market does not have a training or learning section. Research tools are targeted more towards active traders.

Customer Service

4
Rating
Support is available by e-mail, live chat, telephone and by messaging through the website. The broker also maintains a presence through social media, including Facebook, Twitter, LinkedIn, YouTube, Instagram and Telegram. The broker customer support team is available 24 hours a day. 1Market provides customer support in 14 languages. Support through the website is offered in English, Spanish, German, French, Arabic, Polish, Czech, Hungarian, Turkish, Italian and Indonesian.

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