1Market Review: This Broker Knows Nothing About Security

The first warning sign we encounter when visiting the broker’s website is the ‘not secure’ warning as soon as you access the page. You have to confirm that you are aware of the danger posed if you wish to browse the website, which only confirms our fears that 1Market is not a reliable broker. 

Our fact-checked 1Market review leaves no stone unturned in trying to uncover the truth about the broker so traders can have peace of mind knowing who they’re dealing with. Without further ado, we will let you delve deep into this 1Market review, and don’t forget to check our Moneta Markets review for another broker you should steer clear of. 

Who Is 1Market?

1Market is registered in the Marshall Islands, however, they do not mention being regulated by any financial authority. Just by knowing how easy it is to register in the Marshall Islands as brokers don’t even have to physically be there, we can already suspect the worst with this brokerage. 

According to their website, 1Market adheres to the strict MiFID (Markets in Financial Instruments Directive) standards. However, MiFID is not a regulator, therefore, 1Market is an offshore, unregulated investment firm. Despite their claims that they have a CySEC license, there is no information about Podora Limited or 1Market on the regulator’s website. 

Regulation Info

According to 1Market, they are regulated by CySEC and registered in the Marshall Islands under the registration number 107838. However, the truth is that the broker is not regulated by any financial authority. This investment firm accepts even U.S. clients without any shame while lacking the necessary oversight by the SEC. 

Additionally, the firm is not regulated by the AMF in France, however, many of its traders come from that nation. Despite their claims that they are a regulated entity, 1Market is an unregulated offshore brokerage. Two financial authorities warn against trading with this broker, which are: 

CNMV: 

ISOCO: 

1Market Broker Profile

The website looks decent enough and it may seem that they are a transparent firm. But once you delve deeper and try to verify the information, the real truth comes out and you realize the transparency they present is as fake as their regulatory status. 

The trading conditions in general are confusing with this investment firm. On one section of the website, they claim to offer leverage up to 1:30, however, just a few sections later, the leverage goes up to 1:500. So far, this firm hasn’t offered anything beneficial to traders besides the MT5 platform. 

Is 1Market Safe To Trade With?

If you trade with 1Market, you pose a great risk to your funds. They are unregulated and lack transparency, which are two crucial things to look for in a brokerage. Additionally, the reviews previous traders left aren’t at all favorable. 

There are many better alternatives and we encourage you to read our reviews for some reliable firms to see if any will suit your preferences. Because of brokers like 1Market or Asian-Trade, checking license information is important if you want to choose a reliable broker. 

Traders Share Their Experiences

We didn’t think it could get worse than it already is with this broker but the 76 Trustpilot reviews proved us otherwise. Almost 80% of the reviews are unfavorable, indicating potential risks and issues while trading with this investment firm. The negative reviews focus on withdrawal issues and how it’s almost impossible to profit with 1Market. 

One trader even lost $60,000 in only two days, while other traders experienced issues while withdrawing their funds. Even after complying with every request the broker had, traders were still informed that some documents were missing, only to delay the process as long as possible. 

Who Are the Traders They Cater To?

1Market can easily attract new traders with their affiliates and Introduce a Broker program. The fact you can earn commission while referring the brokerage to other traders seems tempting enough and like several reviews say, the broker was known for using the cold-calling technique. 

The majority of the firm’s clients come from the United States, France, Czechia, India, and Turkey. If you are from any of the aforementioned countries, we advise against trading with this offshore brokerage and to choose more reliable alternatives instead. 

Deposits and Withdrawal Methods

Depositing with brokers like this is easy. The accepted methods include credit-debit cards, e-wallets, online and local bank transfers, and prepaid cards. The minimum deposit is $250, however, if you want to upgrade to the Classic account type, a deposit of $450 is required. 

Withdrawals on the other hand are when things get tricky. At 1Market, you can only process withdrawals and transfer them to the payment method that was used to place your first deposit. All withdrawals are processed within 3 business days and there are no fees for depositing or withdrawing your funds. 

Weighing the Pros and Cons

Can I Make Money While Trading Online?

Almost every trader dreams of making constant profits and all of them have money-making goals. To benefit from trading and start making money, many factors need to be taken into consideration as the most important, such as knowledge, strategy, and awareness, among many other things. 

In today’s modern age, there are various tools to make trading simpler. One such tool is our AI Analysis Bot, an innovative program that will gather information from charts like previous asset prices and other data. It provides traders with valuable insight by recommending whether to buy or sell using a technical analysis to forecast future price movements. 

So you can experience our amazing bot firsthand, we provide a 14-day free trial for the first 100 traders that reach out. We are sure that this bot will become your best friend and a source to start trading more profitably. However, it’s vital to note that profits are earned and not guaranteed and you will still require knowledge to start. 

FAQ Section