Introduction of the broker 1Market
The 1Market platform is an international brokerage firm specializing in Forex trading. It offers traders access to various financial markets, including forex, CFD. Although it serves clients from many countries, it does not cater to US citizens or residents. 1Market provides user-friendly trading platforms, a variety of account options, and diverse trading tools that are backed by thorough regulation. The company is officially registered in 27 European Union countries. In 2021, 1Market won the prestigious awards for Best CFD Broker and Best Introducing Broker.
Its parent company Exelcius Prime Ltd holds CySEC license number 366/18 and operates from its corporate address 254 Archiepiskopou Leontiou A, Maximos Court A, Floor 7, Office 73 & 74, 3020 Limassol, Cyprus. It is important to note, however, that as of 2 August 2022, 1Market's CySEC licence has been suspended as indicated in CySEC updates. As a result, 1Market.eu ceased its activities as a regulated broker as of 12 September 2022.Confusing Broker Identity
1Market operates under several different names (1Market, 1 Market, OneMarket) and functions through two different companies. While the European version 1Market.eu was previously operated by Exelcius Prime Ltd from Cyprus, the version 1Market.com operates under Bridge Tech LTD from Seychelles. This inconsistency and unclear structure alone raise significant doubts.
We strongly advise against using the services of this broker. The main reasons include the loss of a CySEC license and the lack of other European regulatory authorizations. Additionally, the opaque ownership structure and use of multiple names and identities are highly problematic.
We cannot overlook the offshore registration of part of the operations, which further increases risks for potential investors. For European traders, it is crucial to use only properly regulated brokers with valid European licenses, which 1Market currently does not fulfill. Based on these serious findings, we strongly recommend considering alternative, properly regulated service providers who offer transparent conditions and an adequate level of investor protection.
Regulatory Issues
A critical red flag is the current absence of a CySEC license and other European regulatory authorizations. This means the broker is currently operating without the required oversight from European regulatory authorities, posing a significant risk to European investors.
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