Abstract:1Broker is an offshore broker, owned and operated by 1Pool Ltd. a company registered in the Marshall Islands. 1Broker is a bitcoin-only Forex and CFD trading platform, developed entirely to service the bitcoin-holding market looking to invest in mainstream instruments, which can clearly show that it is scam broker, plus under no regulation anywhere.
General Information & Regulation
1Broker is an offshore broker, owned and operated by 1Pool Ltd. a company registered in the Marshall Islands. 1Broker is a bitcoin-only Forex and CFD trading platform, developed entirely to service the bitcoin-holding market looking to invest in mainstream instruments, which can clearly show that it is scam broker, plus under no regulation anywhere.
1Broker Was Closed
1Broker was established on November 9th 2012 and was closed on September 27th 2018. So, the company is inactive at this stage.
Markets Instruments
Tradable financial instruments available on the 1Broker platform including the following:
Over 20 currency pairs
1Crypto Pair
13 Indices CFDs
3 Metal CFDs
2 Energy CFDs
Over 35 Stocks CFDs
Minimum Deposit
1Broker does not requires any minimum deposit. Although this sounds encouraging, given the fact that this broker is unregulated, traders are not advised to register real trading accounts here.
Leverage
1Broker offers the leverage up to 1:200, which can almost satisfy with all traders trading strategies. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
1Broker offers both variable and fixed spreads, with the spread on the EUR/USD pair is 1 pip, quite in line with the industry standard. However, given the fact that 1Broker is not subject to any regulation, extra vigilance should be applied when investing with this broker.
Trading Platform Available
1Broker does not offer any of the “conventional” forex exchanging stages like MT4 OR MT5. Rather it has its own exchanging stage with a somewhat disentangled interface and not all that many highlights and Alternatives.
Deposit & Withdrawal
1Broker only accepts payment in Bitcoin, which is a worrying sign. Depositing through crypto wallet can be quite dangerous. The disadvantages are as follows:
Bitcoin are not widely accepted
Wallet can be lost
Bitcoins Valuation Fluctuates
Risks of unknown technical flaws
No Physical form
No valuation Guarantee
Customer Support
The 1Broker does not offer a decent customer support and they can only be reached throughemail: support@1broker.io.