1FXT is a broker offering trading options such as forex, stocks, indices, commodities, precious metals, and energy. Its official website domain, 1fxt.com, was initially registered on February 5, 2021, and was acquired and launched by the current team on February 5, 2024.
Company Entity Information
According to the official website, 1FXT is operated by 1FXT Global Limited and Trading Point of Financial Instruments Limited, both subsidiaries of the Trading Point Group.
- 1FXT Global Limited: Registered in London, UK, with registration number 08226479, claims to be regulated by the Financial Services Commission (FSC), with license number 000261/4.
- Trading Point of Financial Instruments Limited: Registered in Cyprus, licensed, and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 120/10.
Website Tagline
“Trade Forex for Financial Empowerment in minutes”
Corporate Services
Trading Instruments Offered
1FXT provides users with a variety of financial products for trading, including:
- Forex: Offers a wide selection of major and emerging market currency pairs, suitable for forex market investors.
- Stocks: Covers stocks of well-known global companies, meeting the diverse needs of stock market investors.
- Indices: Tracks major global stock indices, such as the S&P 500 and Nasdaq, providing accurate tools for index traders.
- Commodities: Includes soft commodities (like coffee and cocoa) and hard commodities, offering investment opportunities in the commodity market.
- Precious Metals: Covers assets like gold and silver, ideal for traders seeking safe-haven investments.
- Energy: Includes energy products like crude oil and natural gas, providing diverse options for energy market investors.
Trading Software
According to the official website, the platform claims to offer the MetaTrader 4 (MT4) trading software. However, 1FXT was not found listed as a broker on the MT4 platform.
Account Types and Trading Conditions
- Account Types: No related information is disclosed on the official website.
- Availability of Demo Account: No related information is disclosed on the official website.
- Spreads: No related information is disclosed on the official website.
- Trading Leverage: No related information is disclosed on the official website.
- Trading Commissions: No related information is disclosed on the official website.
Deposit/Withdrawal Channels
The 1FXT website only claims to support deposits and withdrawals through cryptocurrency, without mentioning other methods or whether any fees are charged.
Educational Resources
The 1FXT website claims to offer a rich library of educational materials, including webinars, tutorials, and market analysis.
Agent Policy
The 1FXT website does not provide any information about its Introducing Broker (IB) policy.
Regulatory Information
UK Regulation
- 1FXT Global Limited claims to be registered in London, UK, with registration number 08226479, and regulated by the Financial Services Commission (FSC), with license number 000261/4.
- According to the UK Companies House website, the company registered under number 08226479 is FXTC GROUP LTD (formerly known as SWEET BUTTERFLY LTD), which is not regulated by the UK's Financial Conduct Authority (FCA).
- It is important to note that the official UK financial regulatory body is the Financial Conduct Authority (FCA), and there is no such entity as the Financial Services Commission (FSC).
Cyprus Regulation
- Trading Point of Financial Instruments Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 120/10.
- According to the CySEC website, the company’s registered websites include:
- These websites are owned by broker XM and do not include 1fxt.com.
Contact Information
- Phone: +447943825490
- Email: info@1fxt.com
Social Media Presence
No social media accounts for 1FXT have been found.
User Reviews and Website Traffic
- User Reviews: No user reviews about 1FXT could be found online.
- Employee Information: No information regarding the employees of this company can be found online.
- Detailed Address: Not provided on the website.
- Website Traffic: As per data from Semrush and Ahrefs, the monthly visits to 1FXT are zero, indicating very few or no active users on this platform.
Brand Exposure
No news reports or brand exposure related to 1FXT have been found publicly online.
Conclusion
There are numerous issues regarding company entity, regulatory information, and trading transparency with 1FXT. The regulatory information provided on their website directly mimics those of the well-known broker XM.
Additionally, the website lacks crucial trading condition information, supports only cryptocurrency transactions, and lacks user reviews and social media presence, further diminishing its credibility. Investors are advised to exercise extreme caution with 1FXT and opt for brokers regulated by trusted authorities to ensure fund safety.
