4.2/5


Overview


One Trade Review

One Trade is a regulated broker with a head office in the United Kingdom and has been in business since 2009. With over 10,000 clients, One Trade strives to provide a trading environment that offers amazing trading services for all its clients. All the clients of One Trade have access to share dealing, spread betting, social trading, forex trading, and CFD trading. You will further experience liquidity depth, ultra-fast trade execution, and competitive trading costs when you trade with One Trade. Also, by providing a transparent structure, trading anonymity, and zero conflict of interest, One Trade aims to protect the interests of our clients at all times.

Since OneTrade gathers its liquidity from the top banks, non-banks, MTFs, and ECNs worldwide, traders can benefit from the most affordable spreads here. Further, One Trade uses the LD4 Equinix data center to give direct market access to all the clients through straight-through processing trading and 90+ trading instruments.

Is One Trade a Safe Broker?

The broker’s administrative structure and regulatory standing are crucial factors to consider when selecting a broker. Brokers that work independently from a regulating body may be dangerous for you. OneTrade is a reliable financial services provider as it is overseen by the Financial Conduct Authority (FCA), a reputable regulatory organization in the UK, with reference number 537787. Thus, implying that your money is in safe hands.

Features of One Trade

  1. Trade Execution– One Trade knows the importance of accuracy, safety, and quick execution for all their traders. Thus, the broker provides lightning-fast trade execution within seconds.
  2. Trading Platforms– One Trade provides access to the top trading platform— MetaTrader 4 platform for both web trading and mobile trading. Mobile trading is available for iOs and Android. You can now trade while on the go with extensive portfolio features, automatic trade upload, and analysis of the markets at your fingertips.
  3. Trading Account– To avoid creating confusion, One Trade provides one trading account which can be used for various trading purposes. All the customers can access the broker’s platforms, including the MT4 platform, mobile trader, web trader, and social trading platforms, from a single account. Further, they also provide demo accounts.
  4. Social Trading– By providing social trading, One Trade helps both novice traders and experienced professionals earn profits on a large scale. Newbies copy the positions of experienced traders and make money when professional traders do so. Also, the experienced trader charges the novice trader some amount in return for copying his/her trades. This feature is a win-win situation for both traders.
  5. Payment Methods– One Trade offers deposits and withdrawals via Skrill, Credit Card, Debit Card, and Bank Wire Transfer. Keep in mind that payment can be made via bank wire from an account held by the same individual as the OneTrade account; you cannot use any other account. Also, Card deposits can only be withdrawn to the same card, up to the deposited amount. 
  6. Customer Support Service– The customer service team at One Trade is multilingual and provides services in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovene, Hindi, Hebrew, Arabic, and Russian. You can contact the team via live chat, email, and phone assistance. However, only a small number of languages are supported by phone support.

Pros of Trading with One Trade

  • Customer support is multilingual
  • Regulated and licensed by top-tier authorities
  • Provides demo accounts
  • Low minimum deposits
  • Mobile Trading is available
  • Trade execution is fast
  • Provides MT4 for mobile and web trading
  • Allows access to social trading
  • Does not charge deposit fees

Cons of Trading with One Trade

  • Limited trading instruments
  • Provides only one trading account and platform
  • Charges inactivity fee

Conclusion

One Trade has taken a growth-oriented approach to expand its firm to an international offering, and they are currently among the top providers of financial technology solutions. By providing top trading platforms, mobile trading applications, top-notch financial research tools, and instructional resources, One Trade is maintaining a sky-high reputation in the industry. However, all financial markets are risky and you should always conduct deep analysis before signing up with any broker. You should be informed of the numerous trading fees that brokers may charge their consumers because they could have an impact on your trading journey. Also check if the services and tools they provide are useful to you or not. Go with the broker that fully satisfies your trading needs and objectives.

Author lerin