Exchanges

1Broker review

Website : 1broker.com
Established : 2012
Support :
Country : Republic of Marshall Island
U.S. Clients Allowed : Yes
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Background

1broker isn’t entirely the same as your typical cryptocurrency exchange websites out there. Have you ever imagined trading Forex, Commodities, and Stocks using your BTC? Well, the short answer is yes, you can!

Does this whole concept sound new to you and it gets you worried how to go about t? Don’t worry; 1broker has made it easy, as it allows you to copy trades from successful traders and have the opportunity to glance over their shoulders. If you are already an experienced and successful trader, then you might want to check this out as it might be a source of generating passive income just by showing people how you trade.

Until recently the website was only available in English, having added German and Spanish couple of months ago. The company is registered in the Republic of Marshall Islands for anonymous company which adds to the security concerns.

1broker can be reached directly through:

General Support: support@1Broker.com

Business and Press: office@1Broker.com

Bug Reports, Technical Questions: patrick@1Broker.com

Feedback, Dividends, Settlements: julian@1Broker.com

Account Verification

It’s fairly easy to start trading on 1broker.com, as you only need to register on the website by clicking on the Create Account button.

Enter a valid email address, create a username, add a password then click “Create Account.” Seconds after doing this, you will get a confirmation link in the email address you just registered with. Head to your mailbox, click on the confirmation link, and you are good to go! The fantastic thing here is that you don’t even need to have a verification level to start trading with them.

After completing your registration, the default page would be the Social tab, where you can see the “Popular” and “Successful” traders of the current month. The dashboard is designed to ensure that new clients would notice the popular and successful traders tab to get them interested.

Trading Platform

If you a novice trader or just want to check out the trading platform yourself, all you need to do is click on the “Markets” tab and choose from Forex, Commodities, Indices, Stocks, and Crypto trades that you want to execute.

Once you have selected the type of market and asset you wish to trade with, navigate to the panel on the right side of the trading platform where you will see Buy and Sell buttons. Clicking on either “Buy” or “Sell” would execute your trade and would open a new window. On this new window, you change the order type, leverage value, and choose your Stop Loss/Take Profit values. There is no limit to how much you can trade on this platform, as long as you’ve got enough Bitcoin balance in your account.

1broker Fees

This exchange does not charge any trading fee; neither is there a fee charged on depositing of funds. However, it charges a withdrawal fee of 0.001 BTC which is most likely the Bitcoin network fee and not a direct charge from the exchange itself.

Deposits and Withdrawals

1broker does not allow fiat currency transactions, as it only accepts and provides bitcoin transactions for both deposits and withdrawals. If you want to make a deposit, the system will create a unique Bitcoin Address for your account. If you wish to withdraw funds from your account, all you have to do is click on the “Withdraw” button and enter your Bitcoin wallet address and the amount you want to withdraw.

This company has not encountered any security violation since its inception in 2012. This exchange handles clients Bitcoin securely, as they store over 95 percent deposits in hardware wallets and paper wallets. The wallet backups are distributed to various locations and stored in encrypted analog and digital form, to add a layer of security.

To enable your two steps authorization (2FA) security, all you need to do is log into your account and click on “Settings” button that can found on the right-hand side corner of your dashboard.

Is 1broker safe?

1broker is completely distinct from all other exchanges out there today as it bridges the gap between cryptocurrency and the real world financial market trading. However, the exchange itself is an off-shore company, which indicates that it is unregulated. The fact that it only allows Bitcoin transactions would be the only thing that balances this.

Also, 1broker seriously lack customer service channels, which is a must when it comes to an exchange website, should in case an investor encounters any problem. The whole concept of 1broker is a great one, but we will advise you to keep trading to a minimum and withdraw funds regularly just to be on a safer side.

Jacob Lucas

Jacob Lucas

Jacob has been active in the cryptocurrency markets since 2010, specializing in Bitcoin. He received education as Certified public accountant, specializing in taxes and cost management. Looking for alternative sources of income due to some personal struggles Jacob discovered Bitcoin 2010, showing some commitment and first to learn and get all the basics. Jacob made his fists investment in bitcoin in 2011 and has been successful in the field. Writing in the field is part of Jacob’s commitment to share knowledge with others.

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1Broker Rating

1Broker Rating
7.5

Ease of use

Fees

Support

Security

Pros

  • No minimum deposit
  • No Limit on Trades
  • Copy trades

Cons

  • Only Accepts Bitcoin
  • No demo account
  • Unregulated