Tier1FX is a Malta-based Forex broker that specializes in retail currency trading. This company is regulated by the MFSA and registered in several European countries.
Tier1FX provides its clients with a choice between several trading platforms. These include MetaTrader 4, JForex, Fortex 6, and FIX API.
Features
Tier1fx is an online broker that offers a variety of features to suit a wide range of trading needs. Its MT4 platform is an internationally recognized terminal available in desktop, web, and mobile versions. It also comes with 30 preinstalled technical indicators and many other features.
The broker’s FIX API Bridge is another feature that stands out among the competition. This is a new joint initiative between Tier1fx and Fortex that allows the MT4 platform to connect with the financial information exchange system.
Besides the FIX API Bridge, Tier1fx also offers a managed account program and equity protection management. This allows clients to invest their funds by choosing from various money managers.
This is not the most diverse product list on the market. The broker’s most impressive feature, however, is its FIX API bridge that allows the widely-used MT4 platform to communicate with the financial information exchange system. It’s a game changer for traders, given the many advantages it can bring.
Platforms
Traders can choose from four platforms Tier1FX, MT4 WebTrader, MT4 Desktop, JForex, and Fortex 6. The latter offers a full range of technical analysis tools, Expert Advisors (EAs), and extensive back-testing options.
The broker also offers its clients access to FIX API, a financial information exchange that allows for efficient communication between trading systems and the broker itself. It was created to enhance trade execution speed and provide a smooth trading experience to clients.
Tier1FX is an online STP-regulated FX and CFDs broker that provides prime liquidity, minimum latency, and competitive spreads for retail, professional and institutional traders worldwide. They are committed to fair and transparent trading and a high level of service for all their customers.
The broker offers 60+ currency pairs, with various majors and minors, along with exotics. Its customer support team is available 24 hours daily and responds to inquiries within 10 minutes on average.
Trading conditions
A broker’s trading conditions vary based on the type of account you choose, as well as the services or benefits that come with it. A forex account, for example, usually differ in the way spreads or commissions are applied, the minimum deposit required to open it, and the tools and educational resources available to clients.
Tier1fx offers a variety of popular tradable instruments, including FX pairs, metal options, cash indices, and CFDs on cryptocurrencies. They also provide a demo account for new users.
The brokerage is regulated by the Malta Financial Services Authority, which requires them to keep client funds in segregated accounts and be regularly audited. They are also signed up for an Investor Compensation Scheme and are MiFID II compliant.
They also offer live chat support 24 hours a day, Monday to Friday. This is a good option for clients who prefer a quick response to their questions and queries. The customer service team is friendly and can help with most inquiries.
Customer support
The level of support a broker offers is often a deciding factor for newbie traders. The quality of the support and the ease with which it can be accessed are essential elements to consider when comparing one broker to another.
Tier1fx offers 24/7 customer support through email, two direct phone lines, and live chat. Their team can answer most inquiries within 10 minutes.
This is an awe-inspiring feat, considering that many smaller companies take several days to respond to email requests.
In addition, to live chat, Tier1fx also offers several other helpful features, such as trading platforms and a VPS service. The company has been recognized with some of the industry’s most prestigious awards, and it seems that its staff is dedicated to providing superior customer service.
