1Broker-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

1Broker is an offshore broker established on November 9th, 2012, closed on September 27th, 2018, based on the Marshall Islands. Being based in the offshore zone the Marshall Islands and being unregulated, brings a significant risk for its clients.

Markets Instruments

1Broker offers trading in bitcoin, fiat forex pairs and CFDs on indices, stocks and commodities.

Minimum Deposit

IBroker requires no minimum initial deposit, and its minimum trade size is 0.01 BTC.

Leverage

1Broker offers the leverage up to 1:200, which is not that generous. However, trading with an unregulated broker using high leverage is not a good option. Leverage can amplify gains as well as losses, it is essential for traders to learn how to use it.

Spreads & Commissions

1Broker advertises that its average spreads on some major currency pairs is 2pips, but it does not specify detailed spreads on particular instruments. This is a trick widely used by unregulated broker or scam brokers to scam new traders.

Trading Platform

1Broker does not offer any of the “ordinary” forex trading platforms like MetaTrader 4 or cTrader. Instead it has its own trading platform with a rather simplified interface and not so many features and options. There is, however, the social feature, which allows traders follow other traders, share their trading ideas and win a reward if someone follows their strategy.

Deposit& Withdrawal

1Broker accepts payments in Bitcoin only, through the blockchain system and recommends a two-step authentication method. According to the company, since its launch in 2012, there has been no security breach and it keeps the client funds in hardware storage and in paper wallets.

Customer Support

1broker Has A Good Support System Available Via Email. Your Queries Or Concerns Are Often Received And Responded To Within 24 Hours. Usually Even Within A Couple Of Hours. You Can Also Contact Them And Get A Faster Response Via Facebook And Twitter. However, They Lack A Live Chat Feature Which Would Greatly Improve Their Support System.