Is 1Market Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with 1Market try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether 1Market is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker 1Market
The 1Market platform is an international Forex broker that provides traders with access to Forex trading, commodities, indices, stocks and ETFs. The company works with clients from different countries, except for US citizens and its residents. 1Market offers convenient trading terminals, a variety of accounts and trading instruments, as well as reliable regulation. The company is registered in 27 countries of the European Union. For 2021, 1Market received the Best CFD Broker and the Best Introducing Broker awards.
| 💰 Account currency: | EUR, USD, GBP |
|---|---|
| 🚀 Minimum deposit: | $250 |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | Floating (for MT5), fixed (for ParagonEx) |
| 🔧 Instruments: | Currency pairs, indices, commodities, CFDs, ETFs, stocks |
| 💹 Margin Call / Stop Out: | 50% / 20% |
Pros and cons of 1Market
👍 Advantages of trading with 1Market:
•Free demo account.
•Extensive base with educational materials and tools for market analysis.
•Round-the-clock support service.
•Many groups of trading instruments.
•Availability of an Islamic account.
•Reliable regulation and registration in 27 EU countries.
•Cooperation with an independent body that is involved in resolving disputes between 1Market and its clients.
👎 Disadvantages of 1Market:
•The process of depositing and withdrawing funds takes 3 working days or longer.
•The broker does not offer passive income programs, bonuses, or contests.
•Separate bank accounts are not used to segregate customer funds.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is 1Market Regulated? Broker’s license
Security (Protection for Investors)
The broker is operated by Podora, Ltd and is registered in the Marshall Islands, registration number: 107838. 1Market is under the supervision of MiFID and is compliant with the standards and requirements of that authority. The broker is registered with regulatory authorities in 27 countries, including Germany, Great Britain, Finland, Sweden, Belgium, Portugal, Austria, Slovakia, and others.
1Market has KYC rules, which means that all clients undergo detailed verification and identity verification. The protection of personal information is ensured by the use of the SSL cryptographic protocol. In addition, 1Market cooperates with the Investor Compensation Fund, which acts as an independent body in resolving disputes between a broker and a trader.
👍 Advantages
- Registration in 27 EU countries
- The broker is licensed and regulated
- 1Market collaborates with the Investor Compensation Fund, which protects the clients’ rights
👎 Disadvantages
- The broker does not use segregated accounts to store client funds
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by 1Market, which you can see below.
The trading conditions of 1Market were analyzed by specialists at the Traders Union in search of trading and non-trading commissions, and to set their size. No non-trading or hidden commissions were found. Also, the broker does not charge a fee for using the trading platform, depositing funds, or withdrawing funds. The size of the trading commission depends on the type of trading account being used. Standard (MT5) users do not pay commission for lots, but the minimum spread starts from 1 pip, while Zero Spread (MT5) clients are charged a $7 commission for each lot traded. There is no data on commissions on accounts for the ParagonEx platform.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard (MT5) | From $10 | Not charged by this broker, but can be set by the payment system. |
| Zero spread (MT5) | From $0 | Not charged by this broker, but can be set by the payment system. |
Brokers that are similar to 1Market
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of 1Market conditions with its closest competitors.
Comparison of 1Market with other Brokers
| 1Market | RoboForex | Pocket Option | Exness | TeleTrade | Libertex | |
|---|---|---|---|---|---|---|
Trading platform |
No |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
Libertex, MT5, MT4 |
Min deposit |
No |
$10 |
$5 |
$10 |
$1 |
$100 |
Leverage |
No |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
No |
From 0 points |
From 1.2 point |
From 1 point |
From 0.8 points |
From 0.1 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
No |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
The 1Market broker is for beginners and professional traders who value reliability and are ready to enhance their trading skills.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.