Tier1FX Review 2021

Tier1FX is a regulated CFD and forex trading broker.

Tier1FX is broker that offers traders Forex, CFDs, indices, shares, energies, metals, cryptocurrencies. Tier1FX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, Tier1FX has Demo Accounts and Auto Trading but is missing Islamic Accounts, Social Trading and Signals.

Tier1FX also gives traders access to 5 cryptocurrencies: BTC, BCH, ETH, LTC and XRP.

Tier1FX is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

Tier1FX Summary

Tier1FX is a regulated CFD and forex trading broker.

Ratings

30%
Trust
83%
Instruments
42%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, energies, metals, cryptocurrencies
Demo Account
Min. Deposit$1,000
Min. Trade0.01 lots
Regulated ByMFSA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Trade CFDs on indices, FX, precious metals, energies, and cryptocurrencies.

Leverage1:30
FTSE Spread1.3 pts
GBPUSD Spread0.4 pips
Oil Spread2.3 pips
Stocks SpreadN/A

Forex Trading

Trade on dozens of major, minor and exotic FX pairs.

GBPUSD Spread0.4
EURUSD Spread0.2
EURGBP Spread0.4
Assets60

Cryptocurrency Trading

Trade on popular cryptocurrency and USD pairs.

Spread0.05
CoinsBTC, BCH, ETH, LTC, XRP

Binary Options Trading

Payout Percent
Risk Warning – Your capital is at risk

FAQ

Is Tier1FX Safe?

In our review we gave Tier1FX a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Tier1FX is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does Tier1FX Accept PayPal?

No, Tier1FX does not accept PayPal payments.

Is Tier1FX Halal?

Probably not, as Tier1FX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

What trading platforms does Tier1FX support?

Tier1FX only supports the MetaTrader 4 trading platform at this time.

Is Tier1FX Regulated?

Yes, Tier1FX is regulated by MFSA.

The fact that Tier1FX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

Tier1FX vs Other Brokers

If you want to compare Tier1FX with other brokers, use the detailed comparisons below.

Tier1FX vs
Tier1FX is a regulated CFD and forex trading broker.