- Competitive spreads
- Mobile trading
- FCA regulated
- Limited range of educational instruments
- Limited range of trading tools
- Doubtful reputation
- One account type
- Limited range of assets
- $500 min deposit
Company Information
OneTrade is a Forex broker. One Trade suggests the MetaTrader 4 and Mobile Forex trading top platform. OneTrade offers over 60 forex currency pairs, indices, commodities, gold, and silver for your personal investment and trading options. It is an online broker founded in 2008 offering Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. OneTrade is a trading name of FxStat Ltd and is authorized and regulated by the Financial Conduct Authority in the United Kingdom. However, there is also information that the broker should not be trusted as many clients claim it is a scam.
Markets
OneTrade suggests its customers the basic asset classes. All you need to do is to choose the best for you. You can choose among the following asset classes:
● Commodities
● Indices
Trading accounts
OneTrade offers one account type supported by the MetaTrader platform. You can access your MT4 platform, mobile trader, Web trader, and social trading platform all from one account with OneTrade. Wide variety of front-end trading platforms will cater to any type of trader. Whether you aim for click-and-trade, social trading, algorithmic, copy trading, or FIX API, OneTrade can offer a platform that meets those requirements.
Open an account
To open an account with OneTrade is a process taking only 5 minutes of your time, which requires filling in the online application form, to pass verification and start trading. OneTrade offers a range of account currency options to the client’s convenience. All available at the broker’s platforms, which includes the MT4 platform, mobile trader, WebTrader, and social trading platform all are accessible from one single account at OneTrade.
Minimum deposit
To open a live account, you’ll need a minimum deposit of at least $500. In other case, you can open a demo account that you can use to practice and familiarize yourself with their platform and to study the market.
Trading Platforms
OneTrade brings a range of platforms that are accessible from one single account, offering well-known MT4 (software and hardware), WebTrader, and social trading platforms. You can read more features about each platform here.
Our verdict
After conducting careful research, we can conclude the following. First of all, as the broker claim, there are regulated, but there are some doubts concerning this fact. They offer a very popular platform and competitive spreads for your services. You can choose among 60 Forex pairs. There is a mobile trading app. However, before deciding to trade or not trade with this broker, just take into account the following facts as well. OneTrade has a limited range of educational and trading tools. The minimum deposit may seem a bit higher, than with other brokers. There is only one type of account. Besides, the doubtful reputation brings some questions as well. So, now you can make your final decision, but before that, we recommend you to check the alternative brokers as well.
OneTrade Details
When I am trading with certain amount does it mean I’m willing to risk that amount so negative balance for what? I think you should fix that problem and have negative balances protection…
It was a good broker. But they closed my account after one year of trading because i live in canada. they change their own rules after a while.
can’t rely on execution , they give false excuse and dump all your profit .
Very poor service for last 4 days. I do not know what have happened…Do anything to improve it!!!!
A big problem.the slowest speed broker.the delay is often more than 4–8 seconds,most of the time i can not stand it.the execution is too slow.after i clik the button,only at least 4-5 seconds later can i see my orders appear. hope this broker enhance the speed of execution
So many brokers out of there… Really have no clue where to start… Just created account with that broker today, put 500 $ (can’t afford more), still on verification process. Now trying my luck with demo, it goes quite good, looking forward to earn on live…
This broker has become more and more dishonest now. They begins to play tricks on trading limit clients’ order executed and enlarge spreads.i tried several times before news release,they always use to stop me from trading market price while the quotes are still ticking normally. If sometimes appears,it may be normal,but it appears every time I buy or sell before news so i believe they begin to play tricks.They don’t want clients to trade news.As a broker, they should be open and fair to their clients,they should permit clients to buy or sell at any time. Limitations on trading time is a mean way and disgusting.
bad
German maker of marketing, has much slipage
And canceled my contract would not recommend