Tier1FX is a forex and contract for difference (CFD) broker that was officially registered on June 4, 2013. The company primarily offers financial trading services, including forex, commodities, cryptocurrencies, and CFDs, to investors. It refrains from providing services to jurisdictions where it may violate local laws or regulations, such as Spain, the United States and its territories (including American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Turkey, India, and Japan.
Corporate registration information and regulatory status:
The registered entity of Tier1FX is Hogg Capital Investments Limited, registered in Malta on August 17, 1995. The company's registered address is Nu Bis Centre, Mosta Road, Lija LJA9012, Malta, with a registration number of 18954. This entity is authorized and regulated by the Malta Financial Services Authority (MFSA), with the authorization date being September 26, 1995.
Account opening:
Tier1FX account opening process:
- Visit the broker's official website and click on "Open Live" in the upper right corner of the page.
- Fill out the online registration form.
- Upload the required documents through the client portal.
Account types:
Tier1FX offers users both demo trading accounts and real trading accounts. The real trading accounts support base currencies in Euro, US Dollar, British Pound, and Swiss Franc, with an initial minimum deposit of 1,000 Euros/US Dollars/British Pounds. The accounts allow for EAs (Expert Advisors), hedging, and fast trading, with a minimum trade size of 0.01 lots (forex), a minimum trade increment of 0.01 lots, and stop/limit levels close to 0.01, with stop levels set at 50%.
Trading leverage:
For retail clients, the maximum trading leverage offered is 1:30 for major currency pairs (including Euro, US Dollar, British Pound, Canadian Dollar, Swiss Franc, Japanese Yen), 1:20 for minor currency pairs, gold (XAUUSD), and major indices, and 1:10 for commodities other than gold and non-major stock indices. Cryptocurrency CFDs provide a maximum trading leverage of 1:2.
Professional clients among retail customers have a maximum trading leverage of 1:100, while for other clients, it is 1:200. Cryptocurrency CFDs maintain a maximum trading leverage of 1:2.
Deposits and withdrawals:
Tier1FX only supports deposits and withdrawals through bank wire transfer.
Summary:
The broker Tier1FX is marked as "operating normally" on Traderknows.
