Company Summary
| Aspect | Information |
|---|---|
| Registered Country/Area | Malta |
| Founded Year | 2013 |
| Company Name | Tier1FX |
| Regulation | MFSA |
| Demo Account | Available |
| Minimum Deposit | $1000 |
| Maximum Leverage | Not Specified |
| Spreads | Not Specified |
| Trading Platforms | MetaTrader 4, JForex, Fortex 6 |
| Customer Support | Emails, Live Chat, Contact Form, and Calls. |
Introduction
Tier1FX is a globally recognized trading platform. It provides traders with advanced tools, multiple assets, and trading opportunities. The platform is created with a user-friendly interface that caters to traders with varying needs.
This Tier1FX review delves into the key features of the platform. It discusses the account types, customer support, trading assets, fees, and security. Lastly, this review will help understand the legitimacy of the platform.
Tier1FX Overview
Tier1FX is a regulated and licensed trading platform. It allows investment on multiple trading platforms like MT4, JForex, and Fortex 6. It offers various trading tools and strategies that make it easier. The platform allows direct access to the liquidity providers. This eliminated the need to deal with the desk and get transparent training conditions.
The platform is known to provide tight spreads, instant executions, and a clear fee structure. The platform is registered under top-tier authorities to ensure protection during trading.
Trading Instruments of Tier1FX
At Tier1FX, traders can access trading in multiple assets. Multiple assets allow traders to create an enhanced portfolio that lets them grow. These assets include:
Forex
Tier1FX provides a highly liquid FX trading market for 24/5. The platform gives access to over 70 currency pairs with low spreads.
Commodities
Traders can invest in popular resources like energy, agricultural products, and metals. The platform allows trading in crude oil, natural gas, gold, and more.
Index
Tier1FX provides access to stock indices from the global market. Traders get to supervise the market movement.
CFDs
CFD trading allows traders to invest in multiple assets. This lets investors speculate on the assets without buying them.
While the offering is solid, Tier1FX remains focused on Forex and CFD trading, with limited access to other asset classes compared to multi-asset brokers.
Account Types Offered By Tier1FX
Tier1FX trading platform provides investors with a single type of account. The Main account type offers access to multiple trading assets. The trading account at Tier1FX requires a minimum deposit of 1000 dollars. This makes it difficult for low-budget investors to trade.
Apart from this, the platform provides investors with demo accounts. These accounts are created to help traders practise their skills without risks.\
Deposits and Withdrawal
Tier1FX offers traders seamless transactions around the globe. The platform provides wire transfers. The minimum deposit for accounts is a thousand dollars. This amount can be a little higher for low-budget traders.
The trading platform provides investors with a transparent and clear funding structure. Additionally, the platform does charge transaction fees. This varies depending on the payment methods.
Fees and Commission
The platform provides a detailed structure for the charges involved. This makes it easier to calculate the total transactional costs.
Spreads
The platform provides tight spreads starting from 0.0 pips. This depends on the assets.
Commission
The platform does charge commissions during transactions. However, the platform compensates for this through slightly wider spreads.
Overnight Fees
Tier1FX charges swap fees on positions held overnight. These changes depend on the instrument.
However, it also provides swap-free trading for traders with Islamic beliefs.
