1Broker Review

1Broker Review

1Broker is an amazing trading platform which allows its users trade stocks, indices, forex and much more. Almost 30,000 traders already placed more than 2500000 orders. It has a great security and social trading option, which makes 1Broker one of the most attractive places for trading stocks using Bitcoins. These and more details in this 1Broker Review provided below.

Deposit Methods
  • Bitcoin (BTC)
Trading Options
  • Stocks
  • Cryptocurrencies
  • Forex
  • Commodities
  • Indices
Cryptocurrencies
  • BTC/USD (market was closed on May 25th, 2017)
Stocks
  • Altaba, Inc.
  • Apple, Inc.
  • Amazon.com, Inc.
  • Alibaba Group H. Ltd.
  • Bank of America Corp.
  • BMW AG
  • Citigroup, Inc.
  • Cisco Systems, Inc.
  • Deutsche Bank AG
  • Ford Motor Comp.
  • Facebook, Inc.
  • Alphabet, Inc.
  • GoPro, Inc.
  • Intel Corporation
  • Coca-Cola
  • Microsoft Corp.
  • Netflix, Inc.
  • PepsiCo, Inc.
  • Snap, Inc.
  • Tesla Motors, Inc.
  • Twitter, Inc.
  • Visa, Inc.
  • Volkswagen AG
  • Western Union
Forex
  • AUD/NZD
  • AUD/USD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/NOK
  • EUR/
  • EUR/USD
  • SEK
  • GBP/USD
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/CNH
  • USD/JPY
  • USD/MXN
  • USD/RUB
Indices
  • ATX
  • ASX 200
  • SMI
  • DAX (German 30)
  • Dow Jones 30 Industrial
  • Euro Stoxx 50
  • Hong Kong 50
  • Nikkei 225
  • NASDAQ 100
  • S&P 500
  • FTSE 100
Commodities
  • Gold 1 oz
  • Crude Oil (WTI)
  • Silver 1 oz
Trading Fuctions
  • Stop Loss
  • Take profit
  • Copy trading (Social Trading)
  • Leverages
Fees
  • No deposit or withdrawal fees
  • Copy Trader fees - 2%
  • Overnight financing fees from 0.0077% to 0.0204%

1Broker is an unique because of its copy trading (social trading) function which is great for unexperienced traders. How does it work? User choose the trader by its stats and starts a copying function. It will copy all his trades, so user gets the same profit as copied trader do (losses as well). User doesn't even need to understand stock markets, indices and commodities as well.

Verification Process

There is no verification required

Supported Countries

Most countries of the world (it depends on the regulations on Bitcoins and trading)

Speed
  • Everything is almost instant
  • Deposit takes 20-40 minutes (time needed by blockchain to confirm transaction)
Limits
  • No limits for deposits
  • No limits for withdrawals
  • No trading limits
Privacy

1Broker is anonymous and it doesn't require any verification or providing personal details

Security
  • TLS
  • Two-Factor Authentication or SMS (smsTAN)
  • Funds are stored in hardware or paper wallets
  • Email notifications about suspicious activity
Pros
  • Great privacy
  • Platform is very nice and user-friendly
  • Copy trading!
  • High level of security (no single breach since 2012)
  • Great support
Cons
  • There is only BTC deposits available
  • There is no cryptocurrencies trading option available (since May, 2017)
  • There could be more tools such as notes, drawing tools, and more which could help at trading
  • No charts available
Conclusion

In conclusion, 1Broker is really good. Level of security is enough, while support is helpful as well. But mostly we love 1Broker because of its social trading function, which allows users to copy trade most successful traders. So it means you can trade and get profits even if you don't understand anything about stocks, indices and other markets.

However, we missed support of cryptocurrencies trading as it was stopped (more precisely moved to another website which isn't launched yet, it's planned to be opened in Q3 of 2017). More trading tools and charts could be useful alike.

 

Rating
9/10

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