Tier1FX Spreads, leverage, minimum deposit Revealed

Registered Country/Region	Malta
Regulation	MFSA
Minimum Deposit	1000 EUR/ GBP/USD
Maximum Leverage	1: 30
Minimum Spreads
Trading Platform	MT4, JFOREX, FORTEX 6, FIX API, FIX API on MT4
Demo Account	Yes
Trading Assets	Forex, Commodities, Indices, Precious Metals
Payment Methods	VISA, MasterCard, Bank Transfer, skrill, Neteller
Customer Support	Phone, Email, Online Chat

　　General Information & Regulation

　　Tier1FX is the Foreign Exchange division of Hogg Capital Investments Ltd, a fully licensed Category II Investment Services Company (registration number C 18954) authorized and regulated by the Malta Financial Services Authority (MFSA) and located at Nu Bis Centre, Mosta Road, Lija LJA9012, Malta. Tier1FX was founded in 2013, offering various institutional trading on multiple trading platforms.

　　Market Instruments

　　Tier1Fx offers investors access to popular tradable instruments in the global financial markets, including Forex (over 50 tradable currency pairs), spot precious metals, spot commodities, index CFDs, multi-asset trading, and cryptocurrency CFDs.

　　 Minimum Deposit

　　Tier1FX sets up an account type with base currencies of EUR, USD, GBP, CHF. The minimum deposit requirement is up to 1000 EUR/ GBP/USD, way too high for regular traders to get started.

　　Account Base Currencies: EUR, USD, GBP, CHF

　　 Demo Accounts Available

　　Aside from live accounts, demo accounts are also available for clients to test trading environment of this platform, as well as pratice their trading skills without risking any real capitals. Tier1FX demo accounts are valid for 60 days by default. If you wish to extend this period, you can send a request to support@tier1fx.com before 60-day period is up.

　　Leverage

　　The maximum trading leverage is 1:30 for major currency pairs, 1:20 for non-major currency pairs, gold and major indices, 1:10 for commodities other than gold and non-major stock indices, and 1:2 for cryptocurrency CFDs.

　　Spreads & Commissions

　　TierFX claims that its spreads are quite stable, with the average spread on the EUR/USD pair during all sessions as low as 0.2 pips. Commissions are 2.5 EUR/$2.75/£2.25 per side per standard lot for Forex, 2.5 EUR/$3.25/€3.25 per side per standard lot for commodities, 0.25/EUR/$0.30/£0.25 per side per contract for CFDs and 0.1% per side of the notional value per contract for cryptocurrencies.

　　Trading Platform

　　TierFX offers traders a wide range of secure and efficient trading software, including the market-leading and highly acclaimed MT4 trading software, Fortex 6, JForex, FIX API, and FIX API on MT4. Fortex 6 is designed with mobile and browser users in mind, with a simple and intuitive interface that supports multiple languages and offers T1 JForex includes more than 180 trading indicators and allows you to build advanced automated strategies in a few hours.

　　VPS Provided

　　Tier1FX has partnered with Beeks Financial cloud to bring VPS services to interested clients. Tier1FX clients are entitled to a 10% discount on any VPS subscription. Prices start from £27 per month.

　　Deposit & Withdrawal

　　TierFX supports users to withdraw and deposit funds using wire transfer. There is no fee for deposits and a fee of 15 EUR/GBP/USD for withdrawals.

　　 Customer Support

　　Tier1FX asserts that it has a fast and efficient customer support team that works 24/5 during the trading hours. The support desk can be reached on instant web chart, email and support phone lines. A ‘Contact us’ form on the website can also be used to reach the support team. Response is normally by email.

　　Pros & Cons

Pros	Cons
FCA-regulated	High minimum deposit requirement
Wide product portfolios	Only one type of live account
MT4 trading platform	Conservative leverage capped at 1:30
VPS available	Withdrawal fees applied
No maintenance & inactivity fees
Spreads as low as 0.2 pips
Multiple platform options

　　 Frequently Asked Questions

　　Is Tier1FX regulated？

　　Tier1FX is authorized and regulated by the Malta Financial Services Authority (MFSA) under regulatory license no. C 18954.

　　Does Tier1FX offer a demo account？

　　Yes, Tier1FX offers demo accounts.

　　How mant forex pairs can I trade on the Tier1FX platform ？

　　You can trade over 50 financial instruments with Tier1FX platform.

　　What trading platform does Swissquote provide？

　　Tier1FX provides MT4 trading platform,

　　.What is the minimum deposit required by Tier1FX？

　　Tier1FX requires a high initial deposit of 1,000 EUR/GBP/USD.

　　 Does Tier1FX accepts residents of all countries ？

　　Due to regulatory restrictions, Tier1FX are unable to accept applications from residents from USA, Iran, North Korea and Japan.

　　How long are Tier1FX demo accounts valid for ？

　　Tier1FX demo accounts are valid for 60 days by default. If you wish to extend this period, you can send a request to support@tier1fx.com before the 60-day period is up.