All Share (J203) = 89 519
Rand / Dollar = 18.20
Rand / Pound = 23.52
Rand / Euro = 19.79
Gold (usd/oz) = 3 023.65
Platinum (usd/oz) = 976.40
Brent (usd/barrel) = 72.13
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

1Market Account Types

Reviewed 1Market Account Types
1Market offers 3 main account types, the classic account, Premium account, and Zero Spread account. Each account offers leverage of 1:30 and the trader will be able to use all the trading instruments for each account.

 

Account TypeMinimum Deposit
📊 Standard Account$250 (3,860 ZAR)
📊 ParagonEx Mini Account$500 (7,700 ZAR)
📊 ParagonEx Standard Account$1,000 (15,460 ZAR)
📊 ParagonEx Gold Account$5,000 (77,280 ZAR)
📊 ParagonEx Platinum Account $10,000 (150,460 ZAR)
📊 ParagonEx Diamond Account$50,000 (770,280 ZAR)
📊 ParagonEx VIP Account$100,000 (1,545,730 ZAR)

 

👉 Choose your quick section of our 1Market Account Types below.

 

1Market Account Types – 8 key points quick overview:

  1. ✔️Overview
  2. ✔️Account Types
  3. ✔️Account Features
  4. Demo Account
  5. Islamic Account
  6. 1Market at a glance
  7. 1Market Pros and Cons
  8. Frequently Asked Questions

 

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT5, ParagonEx WebTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

👉 1Market is regulated and authorised by CySEC in addition to having the authorisation from several entities to operate in Europe, offering services and solutions to EEA regions.

 

Overview

👉 1Market is a new broker that was established in 2025, owned and operated globally by Podora Limited, an entity that is registered in the Marshall Islands under the number 107838. 1Market is regulated and authorised by CySEC in addition to having the authorization from several entities to operate in Europe, offering services and solutions to EEA regions.

 

👉 1Market is known for providing a choice in flexible account types, each with unique features that will cater for different types, styles, and experience levels of different traders. 1Markets offers a wide range of tradable financial instruments spread across different asset classes including commodities, forex, shares, and others.

 

👉 Traders are granted access to either ParagonEx WebTrader or MetaTrader 5, each with their set of account types. The fees that are charged by 1Market are on a transparent schedule that can be accessed on the official website of the broker.

 

Account Types

1market account types

 

👉 1Markets offers the following account types that are spread between ParagonEx (6) and MetaTrader 5 (2):

➡️️​ ParagonEx Mini Account

➡️️​ ParagonEx Standard Account

➡️️​ ParagonEx Gold Account

➡️️​ ParagonEx Platinum Account

➡️️​ ParagonEx Diamond Account

➡️️​ ParagonEx VIP Account

➡️️​ MetaTrader 5 Standard Account

➡️️​ MetaTrader 5 Zero Spread Account

 

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT5, ParagonEx WebTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Account Features

 

ParagonEx Mini Account

👉 This entry-level account has the following features:

🟢 Minimum deposit of $500 (7,700 ZAR)
🟢 A Minimum line of $1,000 (15,460 ZAR)
🟢 Access to 1nsight Live Feed
🟢 Access to Trading Signals
🟢 24/5 Live Chat Support

 

ParagonEx Standard Account

👉 This basic account type has the following features:

🟢 Minimum deposit of $1,000 (15,460 ZAR)
🟢 A Minimum line of $10,000 (150,460 ZAR)
🟢 Access to 1nsight Live Feed
🟢 Access to Trading Signals
🟢 24/5 Live Chat Support

 

ParagonEx Gold Account

👉 This advanced account type has the following features:

🟢 Minimum deposit of $5,000 (77,280 ZAR)
🟢 A Minimum line of $50,000 (770,280 ZAR)
🟢 Access to 1nsight Live Feed
🟢 Access to Trading Signals
🟢 24/5 Live Chat Support
🟢 Push notifications
🟢 SMS notification
🟢 Exclusive Market Updates

 

ParagonEx Platinum Account

👉 This more sophisticated account type has these features:

🟢 Minimum deposit of $10,000 (150,460 ZAR)
🟢 A Minimum line of $100,000 (1,545,730 ZAR)
🟢 Access to 1nsight Live Feed
🟢 Access to Trading Signals
🟢 24/5 Live Chat Support
🟢 Push notifications
🟢 SMS notification
🟢 Exclusive Market Updates

 

ParagonEx Diamond Account

👉 This account type is suitable for more professional traders that have years of experience in different financial markets. This account type has the following features:

🟢 Minimum deposit of $50,000 (770,280 ZAR)
🟢 A Minimum line of $500,000 (7,728,650 ZAR)
🟢 Access to 1nsight Live Feed
🟢 Access to Trading Signals
🟢 24/5 Live Chat Support
🟢 Push notifications
🟢 SMS notification
🟢 Exclusive Market Updates

 

ParagonEx VIP Account

👉 The VIP Account is one of the top account types that traders can gain access to. This account has these unique features:

🟢 Minimum deposit of $100,000 (1,545,730 ZAR)
🟢 A Minimum line of $1,000,000 (15,457,300 ZAR)
🟢 Access to 1nsight Live Feed
🟢 Access to Trading Signals
🟢 24/5 Live Chat Support
🟢 Push notifications
🟢 SMS notification
🟢 Exclusive Market Updates

 

MetaTrader 5 Standard Account

👉 MetaTrader 5 is a popular and well-known trading platform. The account that 1Market offers through MetaTrader 5 include a wide range of functions, tools, educational resources, and these features:

🟢 A minimum deposit of $250 (3,860 ZAR)
🟢 Commission-free trading
🟢 Variable spreads from 1 pip, depending on the market conditions and the financial instrument that is being traded
🟢 Leverage up to 1:500
🟢 The ability to trade micro-lots from 0.01
🟢 Access to over 600 CFD instruments spread across several asset classes
🟢 Margin Call level of 50% and a stop-out level of 20%

 

MetaTrader 5 Zero Spread Account

👉 The MetaTrader 5 Zero Spread account is one of the best, providing traders with the most competitive trading conditions in the industry, with the following unique features:

🟢 A minimum deposit of $250 (3,860 ZAR)
🟢 Commissions of $7 charged per lot (108 ZAR)
🟢 Variable spreads from 0.0 pips
🟢 Leverage up to 1:500
🟢 The ability to trade micro-lots from 0.01
🟢 Access to over 600 CFD instruments spread across several asset classes
🟢 Margin Call level of 50% and a stop-out level of 20%

 

Demo Account

👉 A demo account is also known as a practice account which provides traders with risk-free access to the features of a live account. When traders use the demo account, they use virtual funds instead of their capital to trade, making the demo account perfect for beginners and professional traders.

 

👉 Traders can use the demo account to:

🟢 Practice trading and gain experience before going to a live trading account

🟢 Testing and refining trading strategies

🟢 Exploring the trading conditions of 1Market

 

Islamic Account

👉 The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

 

👉 Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

👉 With 1Markets, Muslim traders can convert their live trading account into an Islamic/Swap-free option, which exempts them from any interest or overnight fees.

 

1Market at a glance

Broker's Name1Market
📍 HeadquarteredMarshall Islands
📅 Year Founded2021
⚖️ Regulating AuthoritiesCySEC, with regulation and licensing through other entities through the parent company, Podora Limited
🌐 Countries not accepted for tradeUnited States
☪️ Islamic Account (Swap Free)Yes
👍 Demo AccountYes
👍 Institutional AccountsYes
📊 Managed AccountsNo
📈 Maximum Leverage1:30 (Retail), 1:400 (Professional)
💰 Minimum Deposit$250 (3,860 ZAR)
💳 Deposit OptionsCredit Card
Debit Card
Bank Wire Transfer
Neteller
Sofort
Skrill
Paysafecard
Rapid Transfer
Fast Bank Transfer
Global Collect
Offline Bank Transfer
Online Bank Transfer through Volt (GBP only)
💳 Withdrawal OptionsCredit Card
Debit Card
Bank Wire Transfer
Neteller
Sofort
Skrill
Paysafecard
Rapid Transfer
Fast Bank TransferGlobal CollectOffline Bank Transfer
Online Bank Transfer through Volt (GBP only)
💻 Platform TypesParagonEx WebTrader, MetaTrader 5
📱 OS CompatibilitySafari, Firefox, Opera Mini, Internet Explorer, Chrome, Linux, Windows, macOS, Android, iOS
📈 Tradable AssetsForex
Commodities
Indices
ETFs
Stock CFDsZero-Commission stocks
👨‍💼 Languages supported on WebsiteEnglish, German, Spanish, French, Thai, Indonesian, Italian, Polish, Turkish, and several others
👥 Customer Support LanguagesMultilingual
📆 Customer Service Hours24/5
🚀 Open a account👉 Click Here

 

1Market Pros and Cons

✔️ Pros❌ Cons
A proprietary trading platform is offeredThe broker charges a high minimum deposit
Demo account offeredThere are inactivity fees charged on dormant accounts
Educational materials are providedUS clients are not accepted for regulatory reasons
Flexible funding methods supported
Islamic Account options provided
MetaTrader 5 offered
Over 600 CFDs offered
Several different account types offered
Well-regulated

 

You might also like: 1Market Review

You might also like: 1Market Demo Account – Step by Step

You might also like: 1Market Fees and Spreads

You might also like: 1Market Islamic Account Overview

You might also like: 1Market Minimum Deposit

 

Min Deposit

USD 250

Regulators

CySEC

Trading Platform

MT5, ParagonEx WebTrader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Frequently Asked Questions

 

Trading environment

 

How many instruments can I trade with 1Market?

You can trade any of the following instruments:

  • Forex
  • Commodities
  • Indices
  • ETFs
  • Stock CFDs
  • Zero-Commission stocks

 

Which platforms are supported by 1Market?

1Market supports the use of the following:

  • ParagonEx Web-based platform
  • MetaTrader 5

 

Does 1Market offer leverage?

Yes, 1Market offers leverage of 1:30 to retail traders and up to 1:400 to professional traders.

 

What spreads can I expect with 1Market?

You can expect variable spreads from 0.0 pips on the MetaTrader 5 Zero Spread Account.

 

Does 1Market charge commission?

Yes, 1Market charges commissions of $7 (108 ZAR) on the MetaTrader 5 Zero Spread Account.

 

Are there additional charges on the Islamic account?

No, there are no additional charges indicated for the Islamic Account.

 

Is 1Market regulated and by whom?

Yes, 1Market is regulated by CySEC in addition to being licensed and regulated by several entities across the EEA.

 

Is 1Market a recommended forex trading broker for experts and beginners?

Yes, 1Market is suitable for both beginners and experienced traders.

 

What is the overall rating out of 10 for 1Market?

8/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

 

Does 1Market offer a demo account?

Yes, 1Market offers a demo account.

 

How long is the demo account valid?

Unlimited.

 

Which live trading accounts does 1Market offer?

1Market offers the following live trading accounts:

  • ParagonEx Mini Account
  • ParagonEx Standard Account
  • ParagonEx Gold Account
  • ParagonEx Platinum Account
  • ParagonEx Diamond Account
  • ParagonEx VIP Account
  • MetaTrader 5 Standard Account
  • MetaTrader 5 Zero Spread Account

 

Does 1Market offer an Islamic Account?

Yes, 1Market offers the option for an Islamic Account.

 

What are the available deposit currencies for a live trading account?

The following deposit currencies can be used when traders deposit funds:

  • USD
  • GBP
  • EUR

 

Deposits and withdrawals

 

What is the minimum deposit required to open an account with 1Market?

$250 (3,860 ZAR).

 

How do you make a deposit and withdraw money with 1Market?

You can use any of the following methods:

  • Credit Card
  • Debit Card
  • Bank Wire Transfer
  • Neteller
  • Sofort
  • Skrill
  • Paysafecard
  • Rapid Transfer
  • Fast Bank Transfer
  • Global Collect
  • Offline Bank Transfer
  • Online Bank Transfer through Volt (GBP only)

 

Does 1Market charge withdrawal fees?

No, 1Market does not charge any withdrawal fees. However, some payment methods may charge processing fees that 1Market cannot be held liable for.

 

How long does it take to make a withdrawal?

This will depend on the withdrawal method, but some can take up to 5 working days, such as Bank Wire Transfer.

5/5 - (13 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

March 8, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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