Tier1FX Review 2021
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| Tier1FX is a regulated CFD and forex trading broker. | ||
Tier1FX is broker that gives traders access to 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
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, energies, metals, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $1,000 |
| Min. Trade | 0.01 lots |
| Regulated By | MFSA |
| 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.
| Leverage | 1:30 |
|---|---|
| FTSE Spread | 1.3 pts |
| GBPUSD Spread | 0.4 pips |
| Oil Spread | 2.3 pips |
| Stocks Spread | N/A |
Forex Trading
Trade on dozens of major, minor and exotic FX pairs.
| GBPUSD Spread | 0.4 |
|---|---|
| EURUSD Spread | 0.2 |
| EURGBP Spread | 0.4 |
| Assets | 60 |
Cryptocurrency Trading
Trade on popular cryptocurrency and USD pairs.
| Spread | 0.05 |
|---|---|
| Coins | BTC, BCH, ETH, LTC, XRP |
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 safer options.
Tier1FX vs Other Brokers
If you want to compare Tier1FX with other brokers, use the detailed comparisons below.
- Tier1FX vs Admiral Markets
- Tier1FX vs Dukascopy
- Tier1FX vs IC Markets
- Tier1FX vs Larson & Holz
- Tier1FX vs NSFX
- Tier1FX vs Skilling.com
- Tier1FX vs Tradeview
- Tier1FX vs Varianse
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| Tier1FX is a regulated CFD and forex trading broker. | ||