According to research in South Africa Tier1FX was established in 2013 and is registered under the Malta Financial Services Authority (MFSA) and various EU regulators. Tier1FX requires a EUR 1000 or currency equivalent minimum deposit and offers to trade on the Metatrader4, Fortex 6, JForex, and Fix API platforms.
Tier1FX at a glance
| 🔍 Broker's Name | Tier1FX |
| 📍 Headquartered | Malta |
| 📅 Year Founded | 2013 |
| ⚖️ Regulating Authorities | Malta Financial Services Authority (MFSA), CONSOB, CNMV, BaFin, AMF, ATVP |
| 🌐 Countries not accepted for trade | USA, Iran, North Korea, Japan |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| 🏛 Institutional Accounts | Yes |
| 💼 Managed Accounts | No |
| 📊 Maximum Leverage | 1:100 |
| 💰 Minimum Deposit | $1 000 |
| 💳 Deposit Options | Bank transfer or credit/debit card |
| 💳 Withdrawal Options | Bank transfer or credit/debit card |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📉 Platform Types | MetaTrader 4, Fortex 6, JForex, Fix API |
| 📈 Tradable assets offered | Forex, CFDs, indices, shares, energies, metals, cryptocurrencies |
| 👥 Customer Support Languages | English, Spanish, ltalian |
| 📆 Customer Service | 24 hours per day, five days a week |
| 💳 Open an account | 👉 Click Here |
|---|
Min Deposit
USD 1000
Regulators
MFSA, CONSOB, CNMV, BaFin, AMF, ATVP
Trading Platform
MT4, Fortex 6, JForex, Fix API
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
A Quick Overview of our Tier1FX Review – 22 Key Points
- ☑Tier1FX at a glance
- ☑Who is Tier1FX?
- ☑Tier1FX Safety and Security
- Tier1FX Pros and cons
- Tier1FX Leverage
- Tier1FX Accounts
- Tier1FX Market Instruments
- Tier1FX Fees, Spreads, and Commissions
- Tier1FX Deposit and Withdrawal
- Tier1FX Trading Platforms
- How to open a Tier1FX account
- Tier1FX Customer Support
- Tier1FX Education
- Tier1FX Research
- Tier1FX Awards
- Tier1FX vs Directa Simpa vs DIF Broker – a Comparison Table
- Tier1FX’s Top Countries by Similar Web
- Tier1FX Current Popularity Trends
- Tier1FX Customer Reviews
- Tier1FX Conclusion
- Tier1FX Disclaimer
- Frequently Asked Questions
Who is Tier1FX?
According to research in South Africa TIER1FX is a division of Hogg Capital Investments Ltd, an online brokerage in Malta. TIER1FX was established in 2013 and is registered under the Malta Financial Services Authority (MFSA) and various EU regulating authorities.
The broker’s trading options include FX pairs, cash indices, and cryptocurrency CFDs on Crypto, and all of them can be traded from the MetaTrader 4 platform, Fortex6, JForex, and Fix API.
Tier1FX Safety and Security
One of the best benchmarks to measure the safety of a broker like TIER1FX is to establish which regulating authorities are watchdogs over its actions.
Tier1FX is owned by Hogg Capital Investments Ltd. which is regulated by the Financial Services Authority (MFSA). Tier1FX is also MiFID II compliant and registered with the UK’s FCA and Germany’s BaFin. The broker is a member of an Investor Compensation Scheme, keeps client funds in segregated accounts, and is regularly audited.
| 🏛 The Malta Financial Services Authority |
| 🏛 EU Regulation (MiFID and MiFID II) |
| 🏛 Investor Compensation Scheme |
Tier1FX Pros and cons
| ✔️ Pros | ❌ Cons |
| well regulated through various financial Institutions | High Minimum deposit EUR 1000 |
| Member of a compensation scheme | Only one trading account |
| Variety of trading instruments | |
| Partnership programs |
Tier1FX Leverage
Tier1FX offers different leverage caps as per ESMA standards. Retail clients can use a maximum ratio of 1:30 on majors, 1:20 on non-major currency pairs, 1:10 on commodities other than Gold, and non-major equity indices, and 1:2 on other CFDs. Professional clients can use the leverage of 1:100 on all instruments except CFDs.
Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
Tier1FX Accounts
A forex account at Tier1FX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Tier1FX provides only three types of accounts, a Standard Individual Account, a Joint Account, and a Corporate Account with STP/DMA execution which can be opened with a minimum deposit of 1000 EUR/USD/GBP. Leverage up to 1:30 can be used by retail clients and 1:100 by professional clients.
| 🌐 Individual Account |
| 🌐 Joint Account |
| 🌐 Corporate Account |
Tier1FX MT4 Demo account
Tier1Forex offers traders the option of a demo account to practice trades in a live trading environment 100% risk-free.
Tier1FX Market Instruments
Tier1FX offers the following above: more than 60 currency pairs, popular metal options like gold and silver, ten cash indices, with the US and UK Oil, and five cryptocurrency CFDs – Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
Tier1FX Fees, Spreads, and Commissions
Cost depends on different factors, like spread and margins, and TIER1FX clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
TIER1FX charges basic trading fees, such as spreads, commission fees and swap charges; and admin fees. The commission is based on the account’s currency.
All account holders pay commissions at a rate of 0.10 of the notational value for CFDs on cryptocurrencies. Withdrawal fees of $20 USD or 15 EUR/GBP are charged on bank wire transfers, plus a currency conversion fee.
Min Deposit
USD 1000
Regulators
MFSA, CONSOB, CNMV, BaFin, AMF, ATVP
Trading Platform
MT4, Fortex 6, JForex, Fix API
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Tier1FX Deposit and Withdrawal
Tier1FX requires a minimum deposit of 1000 USD, EUR, or GBP to open an account. Payment methods are limited to card deposits and bank wire transfers. Profits can only be withdrawn by means of bank wire and Tier1FX charges $20 USD or 15 EUR/GBP charge on outgoing wire transfers on top of banking fees.
Withdrawal requests are processed within one business day.
Tier1FX Trading Platforms
The forex trading platform provided by Tier1FX to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. Tier1FX provides a choice between MetaTrader 4 (MT4), JForex, Fortex 6, Fix API, and Fix API through MT4.
All of these are accessible for desktop download on Windows, Linux, and MAC, mobile (iOS & Android), and as web-based versions.
How to open a Tier1FX account
Similarly to a bank, to register a forex trading account with Tier1FX for the first time, you will be required to go through a basic “know your customer” process, which will allow Tier1FX to ascertain that your submitted details and ensure the safety of your funds and account details.
Step 1 – Navigate to the Tier1Fx website
Click on “Open Live’ to start the process of registering a trading account.
Step 2 – Select “let’s start” to create a Tier1FX account
Step 3 – Provide country of residence
Fill out the country you reside in and the regulator, and click continue to proceed.
Step 4 – Choose the Tier1FX account type
Select the Tier1Forex account type you would like to open.
Step 5 – Tier1FX Initial information required
Provide your personal information through the Tier1FX KYC process for account approval and to obtain login details.
Tier1FX Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of Tier1FX customers can reach the support team 24 hours a day from Monday to Friday via Live Chat, various emails, and two direct phone lines.
Tier1FX Education
Before starting to trade, potential clients of Tier1FX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. Tier1FX only offers demo accounts as educational help.
Tier1FX Research
To be able to trade with confidence, traders should do as much as possible research about trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.
With Tier1FX they don’t have access to many research options except that on the trading platforms and company news
Tier1FX Awards
Being an awarded company instills extra confidence in traders. Although TIER1FX is acclaimed by customers, there is no indication of awards won on its homepage.
Tier1FX vs Directa Simpa vs DIF Broker - a Comparison Table
| 🥇 Tier1FX | 🥇 Directa Simpa | 🥇 DIF Broker | |
| 💳 Minimum Deposit | EUR 1000 | Not Indicated | EUR 2000 |
| ⤴ Maximum Leverage | 1:100 | Not Indicated | 1:30 |
| 🎉 Rewards Programs | ☑ Yes | ☑ Yes | None |
| 💻 MetaTrader 4 Platform | ☑ Yes | None | None |
| ⭐ Open an account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
|---|
Tier1FX's Top Countries by Similar Web
| Countries of trade | 📌 % of trade |
| 🌍 Italy | 85.31% |
| 🌍 Iran | 8.45% |
| 🌍 United States | 2.96% |
| 🌍 France | 1.49% |
| 🌍 India | 1.28% |
| 🌍 Others | 0.52% |
| ⭐ Open an account | 👉 Click Here |
|---|
Tier1FX Current Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “Tier1FX” is entered into Google’s search engine over a given period of time.
Tier1FX Customer Reviews
Tier1FX Trading platforms
Tier1FX offers various trading platforms to choose from ranging from MT4 to JForex, FIX API, and many more with good features and tradeable conditions.. I like this a lot – Andy
Very competitive rates compared to …
Very competitive rates compared to the Malta average brokers’ really high minimum deposit of 2000 EUR. – Roch
Don’t try to get rich fast
Don’t try to get rich fast – Jenny
Tier1FX Conclusion
Overall, Tier1FX is a legit forex trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, and superior service delivery, helping investors reach their objectives. It caters to all types of traders with different levels of experience.
TIER1FX Tire1FX is a regulated forex exchange broker and offers 60 plus currency pairs, metals, cash indices, oil, and CFDs on cryptocurrencies. Leverage options are restricted to 1:30 for retail clients. MT4 is proven as thee trading platform. The broker features only one live account with a high deposit requirement, but offers low spreads from 0.2 pips, with a commission based on the account’s currency.
Funding options are also limited to bank wire and card deposits and a high withdrawal fee is applicable. Withdrawal requests are processed within one business day. Apart from demo accounts, hardly any trading tools and educational resources are available.
Min Deposit
USD 1000
Regulators
MFSA, CONSOB, CNMV, BaFin, AMF, ATVP
Trading Platform
MT4, Fortex 6, JForex, Fix API
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Tier1FX Disclaimer
TIER1FX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with Tier1FX, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
Tier1FX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Tier1FX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
What type of forex broker is Tier1FX?
Tier1FX is a brokerage firm that provides Direct Market Access (DMA) trading services in forex and CFDs.
What is the overall rating out of 10 for Tier1FX?
Tier1FX holds an overall rating of 6/10
How many instruments can I trade with Tier1FX?
You can trade several different instruments with Tier1FX, which include the following:
Forex, CFDs, Indices, Shares, Energies, Metals, Cryptocurrencies
Which platforms are supported by Tier1FX?
Tier1FX provides the following popular trading platforms: MetaTrader 4, Fortex 6, JForex, Fix API
Does Tier1FX offer leverage?
Yes, Tier1FX offers maximum leverage of up to 1:100.
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