Introduction
1Market is a well-regulated financial service provider and online broker that enables traders to engage in the purchase and sale of a wide variety of financial instruments that are classified under a number of different asset categories. Podora Limited, a business with its headquarters in the Marshall Islands, is the owner of 1Market and the business that runs it.
1Market ensures that all traders can carry out trading activities in an environment that is safe and secure, and the broker provides a wide range of one-of-a-kind and proprietary trading solutions that give traders a competitive edge in their trading. These solutions are made possible through technological advancement.
1Market provides a number of account types, each of which is categorized according to the trading platforms that are available, specifically ParagonEx and MetaTrader 5. This gives traders the flexibility that they require to meet the specific trading goals and requirements that they have, regardless of whether they are novices or seasoned professionals.
1Market serves retail and institutional traders from all over the world in a comprehensive manner and ensures that its trading solutions are individualized to meet the requirements of each type of trader. In addition to its competitive trading conditions and a variety of one-of-a-kind features, 1Market provides traders with helpful trading tools, as well as education and research resources.
HISTORY AND HEADQUARTERS OF 1Market
The year 2022 marked the beginning of operations for the new brokerage firm known as 1Market, which has its headquarters split between the Marshall Islands and Cyprus. 1Market is a worldwide provider of online financial services and an online broker that enables customers to trade in over 600 contracts for differences (CFDs).
AWARDS AND RECOGNITION
According to the official website for 1Market, the following accolades have already been bestowed to the broker for their work in 2022:
• Top Forex Awards: Best CFD Broker
• Top Forex Awards: Best Introducing Broker Program
• Top Forex Awards: Best CFD Broker
1Market ACCOUNTS
1Market provides a wide variety of trading accounts, all of which are organized under two highly effective and adaptable trading platforms: the ParagonEx Platform and MetaTrader 5.
Traders have the option of registering the following sorts of accounts while using ParagonEx:
Mini Account Standard Account Diamond Account Platinum Account Diamond Account VIP Account Gold Account Platinum Account Diamond Account
Traders have the option to register the following types of accounts while using MetaTrader 5:
• Account with Standard Terms
• Account with No Spread
In addition to these adaptable account options, traders are given the opportunity to sign up for a Demo Account, and Muslim traders also have the option to convert their existing accounts into Islamic accounts.
What kinds of accounts there are and what features they have
ParagonEx Mini Account
The Mini Account is ideal for traders who are just starting out or those who want to test out their trading techniques in a real-world setting without putting up a significant amount of their own money. The following is a list of the features that come with this account:
• The demand of a minimum deposit of five hundred dollars (or its equivalent in Euros or British Pounds)
• Access to 1nsight Live Feed
• Access to Trading Signals
• A minimum line of $1,000 or its equivalent in GBP or EUR (leverage, which refers to the amount of money that traders can borrow to increase their trading potential)
24–7–365 Support Via Live Chat
Standard Account with ParagonEx.com
The majority of traders who require access to competitive trading conditions are best served by the Standard Account. The following benefits are included with the Standard Account:
• A need for a minimum deposit of one thousand dollars (or the equivalent in Euros or British Pounds)
• Access to 1nsight Live Feed
• Access to Trading Signals
• 24/5 Live Chat Support
• A minimum line of $10,000 or the equivalent in GBP or EUR
Account in the ParagonEx Gold tier
The Gold Account is designed for more experienced traders and comes equipped with the capabilities listed below:
• The need of a minimum deposit of five thousand dollars (or its equivalent in Euros or British Pounds)
• Access to 1nsight Live Feed
• Access to Trading Signals
• 24/5 Live Chat Support
• A minimum line of $50,000 or the equivalent in GBP or EUR
• Access to exclusive market information
• The opportunity to receive personalized push and SMS messages
Account Status: Platinum with ParagonEx
The Platinum Account is reserved for seasoned investors and provides the following benefits:
• A demand for a minimum deposit of ten thousand dollars, or its equivalent in euros or British pounds
• Access to 1nsight Live Feed
• Access to Trading Signals
• 24/5 Live Chat Support
• The possibility to use personal push and SMS notifications
• A minimum line of $100,000 or the equivalent in GBP or EUR
• Exclusive market updates
Account Status: Diamond for ParagonEx
The Diamond Account is reserved exclusively for seasoned and professional traders who want access to the most aggressive trading circumstances. The following capabilities are associated with this account:
• The need of a minimum deposit of fifty thousand dollars (or its equivalent in Euros or British Pounds)
• Access to 1nsight Live Feed
• Access to Trading Signals
• 24/5 Live Chat Support
• The possibility to use personal push and SMS notifications
• A minimum line of $500,000 or the equivalent in GBP or EUR
• Unique and exclusive market reports
Account with the ParagonEx VIP Status
The VIP Account is the most prestigious type of trading account that traders may open, and it comes with a number of perks in addition to the greatest trading circumstances possible, including the following:
• A demand for a minimum deposit of one hundred thousand dollars (or its equivalent in Euros or British Pounds)
• Access to 1nsight Live Feed
• Access to Trading Signals
• 24/5 Live Chat Support
• The ability to use personal push and SMS notifications
• Exclusive market updates
• A minimum trading line of one million dollars or its equivalent in British pounds or Euros
The Standard Account for MetaTrader 5
The MetaTrader 5 Account is suitable for both novice and experienced traders, and it comes equipped with the following features:
• Trading with no commissions and a minimum deposit of $250
• No fees for placing trades
• Variable spreads beginning at 1 pip, depending on the market conditions and the particular financial instrument that is being traded
• Leverage that can go as high as 1:500
• The capacity to trade micro-lots starting at 0.01,
• Access to more than 600 different CFD instruments spanning a variety of asset types
• The stop-out level is set at 20%, while the margin call level is set at 50%
Account Types for MetaTrader 5 Zero Spread
Traders are able to gain a competitive advantage in their trading endeavors by using this account, which provides the best trading circumstances available. The following is a list of the features that are available on the Zero Spread Account:
• A required minimum deposit of $250
• Commissions of $7 per lot
• Variable spreads beginning at 0.0 pips, depending on the market circumstances and the financial instrument that is being traded
• Leverage of up to 1:500
• The capacity to trade micro-lots starting at 0.01,
• Access to more than 600 different CFD instruments spanning a variety of asset types
• The stop-out level is set at 20%, while the margin call level is set at 50%
Free Trial Account
Traders have the opportunity to sign up for a demo account with 1Market. This account can be used for a variety of purposes, including the following:
• Beginner traders who need a practice account to gain experience before they start trading in a live trading environment.
• Advanced traders who want to explore what 1Market has to offer.
• Advanced traders who want to develop and test their trading strategies in a risk-free trading environment where their capital is not at risk.
• Advanced traders who want to explore what 1Market has to offer
TRANSACTIONS OF DEPOSITS AND WITHDRAWALS In order to facilitate transactions of deposits and withdrawals, 1Market provides the following ways of payment:
• Credit Cards
• Debit Cards
• Bank Wire Transfers
• Neteller
• Sofort
• Skrill
• Paysafecard
• Rapid Transfer
• Fast Bank Transfers
• Global Collect
• Offline Bank Transfers
• Online Bank Transfers using Volt
• Rapid Transfer
• Fast Bank Transfers
• (GBP only)
COST AND FEES, COMMISSIONS AND SPREADS TO BE CONSIDERED
Examining the fees that are demanded by a broker is an essential step in the evaluation process. These are frequently contingent on a wide variety of parameters, including as the spread, the commissions, and the margin requirements.
The terms “Spreads” and “Commissions”
The type of account that a trader uses, the financial instrument that they trade, and the conditions of the market on the day that trading takes place will all have an impact on the spreads and commissions that are applicable to that trader’s transactions.
Traders are able to gain a thorough perspective of the trading fees they can anticipate because to 1Market’s high level of transparency on the spreads and commissions it charges for its services.
The following spreads could be expected from traders when evaluating the EUR/USD currency pair, which holds the title of most popular and most traded pair on the foreign exchange market:
• ParagonEx Mini Account – 4 pip spread
• ParagonEx Standard Account – 3 pip spread
• ParagonEx Gold Account – 2 pip spread
• ParagonEx Platinum Account – 2 pip spread
• ParagonEx Diamond Account – 2 pip spread
• ParagonEx VIP Account – 1.8 pip spread
• MetaTrader 5 Standard Account – 1 pip spread
• MetaTrader 5 Zero Spread Account – 0 pip spread
• ParagonEx VIP Account – 1.8 pip spread
• Traders using a MetaTrader 5 Zero Spread Account can anticipate paying commissions at the rate of $7 per lot, as suggested by the account’s name.
Both Margin and Leverage are Key
1Market gives traders the opportunity to employ a leverage ratio of up to 1:400, which is equivalent to a margin of 0.25%. However, this service is restricted to only those who work in the industry. Traders have the ability to employ an initial margin as low as $250, which gives them the ability to trade position sizes with a value of up to $100,000 depending on the margin requirements.
When it comes to retail customers, traders are only allowed to employ leverage of up to 1:30. This implies that with a margin of only $100, dealers are able to trade contracts with a maximum value of $3,000.
Swaps, Rollovers, and Overnight Transaction Fees
The net interest return that a trader receives on a currency position that is held overnight is referred to as a swap or rollover charge. Therefore, in currency trading, an investor will borrow one currency in order to purchase another currency. The interest rate that is paid out or earned for keeping a position open for another day is referred to as the rollover rate.
The following is the rollover schedule that 1Market uses, as well as the costs that it assesses:
• Normal rollover fees are assessed from Sunday night through Monday;
• Normal rollover fees are assessed from Monday night through Tuesday;
• Normal rollover fees are assessed from Tuesday night through Wednesday;
• Three days rollover interest is assessed from Wednesday night through Thursday;
• Normal rollover fees are assessed from Thursday night through Friday
• There is no price for the overnight stay on Friday night.
• There is no charge for the overnight stay on Saturday night.
Charges Applicable to Deposits and Withdrawals
There are no fees associated with deposits or withdrawals made with 1Market. However, merchants are subject to the possibility of incurring processing fees if they utilize any form of bank transfer, regardless of the payment provider they choose.
LEVERAGE
Professional traders have access to a maximum leverage of 1:400 on 1Market, while ordinary traders have access to no more than 1:30.
When using leverage, a trader can establish larger positions and receive greater exposure to the market in which they are trading, regardless of the size of the trader’s initial deposit. Leverage is a tool that allows traders to open larger positions.
The potential earnings that a trader can make through leveraged products, such as Forex, are increased; however, this also raises the trader’s exposure to risk and the eventual losses that the trader may sustain. Because of this, several regulatory bodies place limits on how much leverage can be used in financial transactions.
BONUSES In the foreign exchange market, several forex brokers provide their new and existing customers with a wide range of bonuses, promotions, and competitions. These bonuses are provided to traders in the form of trading credit, which they can use instead of their own capital when they begin trading. This saves traders from having to risk losing their cash.
At this time, 1Market does not provide its users with any bonuses, promotions, or trading competitions.
TRADING PLATFORMS, SOFTWARE, AND ITS FEATURES
When assessing a broker, traders are need to take into consideration a number of essential aspects, one of the most important of which is the trading platform and software that is provided by the broker. Traders get access to all of the following tools on 1Market:
• Trading Platform from ParagonEx
• MetaTrader 5 accessible via the web, desktop computers, and mobile devices
1Markets provides its customers with a number of different account types in addition to its own web-based trading platform known as ParagonEx. The following web browsers are compatible with ParagonEx and its use:
The following web browsers are supported: Safari; Opera Mini; Firefox; Internet Explorer; Chrome
Traders are able to identify and analyze various market possibilities in real time using this trading platform. Additionally, traders are able to carry out trading operations and more.
MetaTrader 5 is one of the greatest trading platforms available today. It is also one of the most popular trading platforms. It provides traders of all trading experience levels and trading styles with some of the best and most competitive trading conditions. Traders can use the broad variety of functions, features, and tools that are available in MetaTrader 5 to refine and perfect their trading strategies in markets that are highly competitive.
MARKETS, PRODUCTS, AND INSTRUMENTS
When a trader works through a forex trading broker, they have access to a number of different asset classes.
Over 600 contracts for difference (CFDs) can be traded on 1Market, and they cover a wide range of asset classes, including forex, commodities, and indices.
• Exchange-Traded Funds (ETFs);
• Stock Contracts for Difference (CFDs);
• Stocks with No Commission
SAFETY AND REGULATION
Podora Limited, a business that is registered in the Marshall Islands under the number 107838, is the owner of 1Markets and operates it. 1Markets is a well-regulated broker that is owned and operated by Podora Limited. 1Market is in full accordance with all of the requirements outlined in the Markets in Financial Instruments Directive (MiFID).
Because 1Markets operates within the European Economic Area (EEA), the company has to be registered with the several regulatory bodies that operate within the area. These bodies include the following:
• Germany – The Federal Financial Supervisory Authority
• United Kingdom – The Financial Conduct Authority
• France – Banque de France
• Denmark – Finanstilsynet
• Sweden – The Swedish Financial Supervisory Authority
• Finland – Finanssivalvonta, Financial Supervisory Authority
• Norway – Finanstilsynet, Financial Supervisory Authority
• Romania – ASF
• Netherlands – Authority for the Financial Markets
• Estonia – Estonian Financial Supervision Authority
• Belgium – The Financial Supervision Authority
In addition to this, the Cyprus Securities and Exchange Commission (CySEC) has granted 1Market full regulation under the provisions of Law 87(I)/2017. The European client portal is managed by Exelcius Prime Limited, which holds license number 366/18 from the Cyprus Securities and Exchange Commission (CySEC).
CUSTOMER SUPPORT The customer support team at 1Market is available 24 hours a day, five days a week, through the following communication channels:
• Real-Time Chat; Telephone; Electronic Mail; Online Form to Request a Contract
Educational and skills development
Traders may anticipate receiving education and training from 1Markets, which will feature in-depth topic discussions on the following subjects, among others:
• What is the Foreign Exchange Market?
• What Does It Mean to Trade CFDs?
• What are Stocks?
• What exactly are commodities, anyway?
What exactly are indices, though?
• Do you know what an ETF is?
• What does it mean to leverage?
• Psychological Aspects of Trading • Trading Strategies
• Can you explain what fundamental analysis is?
RESEARCH
When traders utilize 1Markets, they have access to a variety of trading tools, including the ones that are listed below:
The following resources are available:
• 1nsight Live Feed
• Trading Central
• Leverage Selector
• Financial Market News
• Daily Market Report
SUMMARY
Traders from all around the world can take advantage of the extensive trading services offered by 1Markets, which are provided by a registered and regulated broker. Traders have access to a variety of various financial markets when they use 1Markets, which provides them with a selection of trading accounts to choose from as well as two robust trading platforms.
The costs that traders might anticipate paying are presented in an open and transparent manner, with detailed schedules being made available on the primary website for 1Markets. 1Markets does not provide complete instructional tools; nevertheless, it does provide certain information that can help beginners. Traders who want to get more expertise will need to consult external resources.
1Markets provides access to a selection of research tools; nonetheless, these are insufficient. On the other hand, MetaTrader 5 provides users with access to a wide variety of research tools, which can assist traders in refining their trading strategies and making better trading selections.
Due to the fact that 1Markets provides traders with competitive trading conditions and some of the industry’s best solutions, this brokerage firm is able to serve retail and institutional traders, despite the fact that each type of trader has distinctive trading requirements and goals.
FAQ
Trading environment
How many different types of instruments are available to trade with 1Market?
You are free to engage in trading for any of the following instruments:
• Foreign Exchange; Commodities; Indices; Exchange-Traded Funds; Stock Contracts for Difference; Zero-Commission Stocks
Which e-commerce platforms does 1Market offer support for?
1Market encourages customers to utilize the following strategies:
• The web-based platform provided by ParagonEx
• MetaTrader 5
Does 1Market offer leverage?
Yes, regular traders can get a leverage of 1:30 on 1Market, while professional traders can have a leverage of up to 1:400.
When trading with 1Market, what kinds of spreads should I anticipate?
On the MetaTrader 5 Zero Spread Account, you can anticipate changeable spreads starting at 0.0 pip increments.
Does 1Market need a commission to be paid?
The MetaTrader 5 Zero Spread Account does, in fact, incur commission fees from 1Market at the rate of $7 per trade.
Do you have to pay any additional fees to use the Islamic account?
No, it does not appear that there are any additional fees associated with the Islamic Account.
Is 1Market subject to regulation, and if so, by whom?
Yes, 1Market is subject to regulation by the Cyprus Securities and Exchange Commission (CySEC), in addition to being licensed and regulated by a number of other institutions located throughout the EEA.
Is it suggested to use 1Market as a forex trading broker by both experienced traders and novices?
Yes, 1Market is a good choice for both inexperienced traders and seasoned professionals.
How many points out of ten would you give 1Market as an overall rating?
8/10.
What are the key distinctions between a simulated or demo account and a real money trading one?
A demo account is a type of practice account that may be utilized by both novice traders and experienced market participants alike. Demo accounts can be used for a variety of purposes, including the practice of trading by novices and the testing of trading methods by more experienced traders.
Traders also have the option of using a demo account to test out a broker’s services and see what they have to offer. Demo accounts are well-known for the fact that they provide users with a risk-free environment in which to trade in addition to virtual funds for use in such transactions.
Does 1Market provide a trial account option?
A demo version of 1Market is available, yes.
How long will I have access to the demo account?
Unlimited.
Which live trading accounts are available to customers at 1Market?
The following live trading accounts are available through 1Market:
• MetaTrader 5 Standard Account
• MetaTrader 5 Zero Spread Account
• ParagonEx Mini Account
• ParagonEx Standard Account
• ParagonEx Gold Account
• ParagonEx Platinum Account
• ParagonEx Diamond Account
• ParagonEx VIP Account
Does 1Market offer an account that is compliant with Islamic law?
Yes, there is the possibility of opening an Islamic Account with 1Market.
What kinds of currencies can be used to make deposits into a live trading account?
When traders deposit funds, they have the option of using any of the following deposit currencies:
• USD
• GBP
• EUR DEPOSITS AND WITHDRAWALS
When opening an account with 1Market, what is the bare minimum amount that must be deposited?
$250.
How do you go about making a deposit and taking money out of your account with 1Market?
You are free to choose from any of the following approaches:
• Credit Cards
• Debit Cards
• Bank Wire Transfers
• Neteller
• Sofort
• Skrill
• Paysafecard
• Rapid Transfer
• Fast Bank Transfers
• Global Collect
• Offline Bank Transfers
• Online Bank Transfers using Volt
• Rapid Transfer
• Fast Bank Transfers
• (only in GBP)
Does 1Market charge fees for making withdrawals?
No, 1Market does not assess any costs associated with withdrawals. On the other hand, certain payment methods may impose processing costs, which 1Market is not responsible for and cannot be held liable for.
How long does it take to get money out of a bank account?
This will depend on the mode of withdrawal that you choose, although some, like a bank wire transfer, can take up to 5 business days to complete.
