Tier1FX Review: Is This Broker a Good Choice for Traders?

Tier1FX Review

The Tier1FX broker seems like a reliable choice at first glance. Their website is well-designed and full of beneficial information. However, our Tier1FX review will uncover whether or not this broker is a reliable choice for traders. Stay tuned!

Established in 2013, they trade in various instruments and offer several trading platforms for all kinds of investors. Whether you are a beginner or already experienced, read our review and find out if trading with them is safe. Additionally, check our CommSec review and meet a secure broker that makes trading easy and stress-free. 

Who Is Tier1FX?

Foreign exchange (forex) and contracts for difference (CFD) broker Tier1FX provides both amateur and experienced traders with online trading services. The Malta Financial Services Authority (MFSA), which oversees businesses in Malta, is in charge of the organization. 

TIER1FX was founded in 2013 as a part of Hogg Capital Investments Ltd and is a pioneer in bringing true Direct Market Access (DMA) to the retail FX industry. 

Tier1FX Reliable Broker Must Have
Legal name Hogg Capital Investments Ltd Transparently displayed in the disclaimer or legal documents
Regulation Regulated by MFSA Within your legal jurisdiction – local regulator
Registered in
  • Nu Bis Centre Mosta Road, Lija LJA9012, Malta
Your country or the country whose license applies in your legal jurisdiction 
Established 2013 The older the domain – the higher the possibility the company is trustworthy
Website www.tier1fx.com Domain should be from local or international zones, no .xyz, etc.
Financial Authorities Warnings
  • No official warnings
Contacts +356 23 27 3000 (office hours)

+356 23 27 3999 (24/5 support line)

[email protected] 

[email protected] 

[email protected] 

[email protected] 

Web Form

Phone, email, social media, web form
If a withdrawal is possible Yes  Yes
  • FOREX 2.75 USD
  • CFDs 0.30 USD
Transparent fees – list of spread and commissions
If Active on Social Media No Often present on social media
Investor Protection Investor Compensation Scheme Compensation fund

Regulation Info

Tier1FX represents the branded offering of the online brokerage division of Hogg Capital Investments Limited which is a fully licensed Class II Investment Firm authorized under the Investment Services Act, regulated in Malta by the Malta Financial Services Authority (MFSA). 

It’s vital to note that the broker mentions in the disclaimer that US clients are not accepted, however, US residents are a part of Tier1FX’s clientele. To operate from the United States, brokers would have to be regulated by the SEC, FINRA, or CFTC, depending on what they’re trading with. 

Tier1FX Broker Profile

For your personal investing and trading needs, Tier1FX provides more than 60 currency pairs, as well as gold, silver, oil, indices CFDs, bitcoin, and other cryptocurrencies. Tier1FX had partnered with industry leaders to offer the best high-frequency, low-latency trading experience possible in an STP-DMA execution environment.

According to ESMA’s product intervention measures, the existing margin requirements for retail clients are based on the underlying instruments traded. The Stopout Level is set at 100% of the Margin Level for Non-Retail Clients and at 50% of the Margin Level for Retail Clients. Margin Call is set at 100% of Margin Level for all Clients.

Trading Platform MetaTrader 4, Fortex 6, JForex, Fix API
Account Types One live account
Financial Instruments On Offer
  • CFDs Cryptocurrencies (BTC, ETH, XRP)
  • Metals (Gold, Silver, Platinum)
  • Indices (S&P 500 Index, Dow Jones Industrial Average, FTSE 100 Index)
  • Commodities (Crude Oil, Natural Gas, Corn)
Maximum leverage 1:200
Minimum Deposit EUR 1,000
  • FOREX 2.75 USD
  • CFDs 0.30 USD
Mobile app Yes
Desktop app Yes
Autotrading N/A
Demo account Yes
Education or Extra tools None

Is Tier1FX Safe To Trade With?

Just like Orbex, Tier1FX is a reliable broker. In the European Union, the MFSA is a respected financial regulating body. It’s crucial to test out their services before investing because they provide a demo account. 

The MFSA offers a compensation fund so you may be sure you’re covered if they go out of business.  When choosing a broker, it’s important to examine your risk tolerance, make informed judgments, and exercise caution. 

Who Are the Traders They Cater To?

Brokers interact with clients through a variety of platforms, including social media, live chat, email, and the phone. They make certain that clients can easily get support and information. They offer advanced trading platforms and tools that attract traders who seek efficient systems for executing trades. 

For Tier1FX specifically, traders from various nations are attracted, including Italy, Spain, the United Kingdom, the US, and Malta. If you’re looking for reliable and transparent brokers in these or other nations, we can help you find suitable options. Feel free to reach out for guidance and recommendations tailored to your trading needs.

Deposits and Withdrawal Methods

The only accepted payment method is a bank transfer, so you can’t fund your account with credit/debit cards or any popular e-payments. Not only that the bank transfers take longer to process but it being the only funding method makes things inconvenient. 

To deposit, you can simply log into your Client Portal and type in transfer details. After submitting, you will receive an email with the details of where you need to send the deposit. Withdrawals are issued through the same account you used for depositing and there are no additional costs. 

Weighing the Pros and Cons

Pros Cons
  1. Regulated
  2. Various trading platforms
  3. No maintenance or inactivity fees
  4. Tight spreads
  5. Large liquidity pools
  1. Inactive on social media
  2. Limited payment options
  3. Lack of educational material
  4. Unregulated for some nations like the US

Can I Make Money While Trading Online?

If you plan on making money online, it’s vital to remember that success is not guaranteed. The financial markets can be highly unpredictable, and success requires knowledge, strategy, and careful decision-making. 

However, with our new AI bot, trading becomes easy. You won’t have to struggle to analyze historical price data and charts, the bot will do it for you! By providing valuable insights to investors, it helps you make informed decisions on when to buy or sell based on technical analysis.

Ready to supercharge your trading? Take advantage of this once-in-a-lifetime opportunity and try our AI bot for 20 days, without commitment. You will encounter the opposite side of trading, where everything is simpler if you are one of the first 100 traders to reach out. 

Because we are so confident in our platform, we guarantee that you won’t be able to trade without our bot ever again and we give you a 10-day money-back guarantee! Start trading innovatively right away!

FAQ Section

What is Tier1FX?

Tier1FX is a foreign exchange (forex) and contracts for difference (CFD) broker that provides online trading services to retail and institutional clients.

Is Tier1FX Regulated?

Tier1FX is not regulated specifically, however, its parent company is regulated by the Malta Financial Services Authority (MFSA).

Do Tier1FX Offer Bonuses?

No, they do not. Instead, they focus on constantly improving your trading experience and conditions by investing in first-class liquidity, execution, and technology.

Turn Your Trading Skills
Into Capital!
Unlock funded trading accounts now
your Success, our Investment!
Content navigation