OneTrade Review (2023)
What is One Trade?
The One Trade broker offers a Direct Market Access through straight to process trading while offering to trade 90+ instruments provided by the ultimate technology solutions via LD4 Equinix data center. The trading markets available at the One Trade asset include Spot FX, Metals, CFD indices and Commodities through aggregated pricing from the worlds leading banks, non-banks, MTF and ECNs with low latency execution (average 10ms round).
In 2010 the company began as the UK’s first financial social networking provider, introducing a new and accessible way to trade on financial markets with access to information, analytics and to share the performance. Since then, One Trade approached growth and expand their business to international offering while today is one of the leaders in financial technology solutions.
Is One Trade safe or a scam?
OneTrade is a trading name of FxStat Ltd and is authorized and regulated by the Financial Conduct Authority in the United Kingdom. This allows providing clients with one of the highest levels of consumer protection and standards of service. And complies with numerous rules and requirements like clients’ funds’ segregation and protection, secure trading environment, participation in compensation schemes along with regular reporting and standards of services.
To get into trading quickly, as well in a professional way any trader need help, as well guidance which is why the broker provides a variety of learning tools. If you are new to the trading, online User Manuals provide step-by-step instructions on how to make a trade and use the platforms. Also, there are free monthly seminars conducted, which covers numerous topics to provide with a more personal approach to trading and use of tradable products.
Trading Platforms
One Trade brings a range of platforms that are accessible from one single account, offering well-known MT4 (software and hardware), MT4 web trader, CRM, social trading platforms and liquidity bridge. This is a quite unique in the marketplace proposal that allows a cost-effective solution for retail and institutional traders, banks, and brokers. Whether client aim for click-and-trade, social trading, algorithmic, copy trading or FIX API, OneTrade can offer a platform that meets those requirements.
MT4 does not require introduction while provides a powerful trading environment that is highly customizable along with EAs for automated trading.
– WebTrader is own OneTrade’s platform that offers access to the market from any device and connects to the client’s MT4 account. The platforms allow the automatic upload of trades, comprehensive portfolio features and analysis along with a mobile app feature that allows trading on the go.
The last feature is social trading that enables to connect with other traders around the world, to view their activities and follow the strategies by copying the most successful ones. That solution is the newest, and a distinguished choice for anyone looking to explore the benefits of the present trading that brings the collective wisdom of skills to trade smarter.
Accounts
To open an account is a 5 min deal, which requires filling in the online application form, to pass verification and start trading. One Trade offers a range of account currency options to the client’s convenience that allows selecting preferred base currency GBP, USD and EUR.
All available at the broker’s platforms, which includes MT4 platform, mobile trader, Web trader and social trading platform all are accessible from one single account at OneTrade.
Regardless of the trading style every client needs to monitor performance to make smart decisions, which are available through the performance page. That page generates more than 200 statistical data that identifies wickless and strength points along with history.
For the cost of trading, the company charges a small floating Inter-Bank spread with low commission of 0.35$ per mini lot per side for Forex, Gold, Cooper and Silver.
Deposits and Withdrawals
Deposits can be made through bank wire from an account held by the same person as the OneTrade account, as per regulation requirement. In addition, there are few other options to transfer the funds by Skrill, credit or debit card. Due to the limitation on deposits by card, this method should be used only for urgent deposits.
The minimum account deposit is a pleasant condition also since the opening amount is 100$ on the first deposit.
Withdrawals will be processed using the method that was used for the deposit, same as per regulation. Card deposits can only be withdrawn to the same card and only up to the deposited amount within 30 days of deposit, along with a 0$ fees.
Conclusion on One Trade
One Trade review shows a technology-driven company that offers Direct Access to Market through the range is trading instruments. To participate in trading through the established broker, one of the most important requirements is the trustworthy environment along with the safety of investments. With One Trader clients can be assured by the transparent operations, since the company is regulated by FCA while complies with strict rules of operation.
Among the brokers offering a strong point is their goal to preserve clients’ interests by offering to trade without conflict of interest, clear execution and full transparency along with anonymity. Their technological solutions that drive various networks and including growing demand of social trading environment offers a selection of trading styles that increase the rates of successful trading. In the case of assistance, company’s customer support team stands ready to help by faithful cooperation and investment into the trader’s education.
Important Update on One Trade
Recently One Trade broker does not accept or open new trading account for both retail traders or institutional ones. Therefore, in case you willing to open an account check on updates or contact One Trade customer service. We recommend doing your own research about OneTrade.
