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According to the official website, One Financial Markets is an international and award-winning online broker. One Financial Markets group of companies provides 24/5 trading facilities to private and institutional investors in forex, CFDs on shares, indices, bullion, commodities, energies, and cryptocurrencies. One Financial Markets was established in London in 2007. It has subsidiaries in the Middle East, Europe, South America, Central and Southeast Asia. The group is regulated by financial services authorities around the world including the Financial Conduct Authority in the UK and the Financial Sector Conduct Authority in South Africa. UK regulation requires strict control and compliance with the rules. Thus, in order to obtain a license, the broker must prove its financial solvency, as well as meet numerous requirements. Funds of One Financial Markets clients are held in segregated bank accounts. The company has at least 730,000 euros in its accounts which is the guarantee of the broker’s legitimate activity.
One Financial Markets is licensed in Hong Kong, which increases its reliability in the eyes of potential clients since the license is based on the company`s capital of at least HK$5 million. The FCA regulation provides, among other things, an additional assurance of the customer funds safety.
Trading conditions
The company offers its clients the following account types:
- Standard, with a $250 minimum deposit
- Professional, or Pro, with a $1,000 minimum deposit
One Financial Markets’ representatives warn their clients that all spreads in the company are variable and depend on market prices. The owners of a Standard account do not pay commission fees. If a trader holds an open position overnight, s/he will have to pay a commission. Importantly, the company charges a $25 or €20 fee for an account that has been inactive for a year or more.
One Financial Markets offers over 111 different trading instruments, including over 51 currency pairs.
The minimum leverage is 1:400 and is relevant for all trading instruments. Meanwhile, based on the information on the website, leverage for a standard account is 1:30.
The company provides access to the popular MetaTrader 4 trading platform.
The clients of One Financial Markets can deposit and withdraw funds by means of credit and debit cards, such as Visa, MasterCard, Solo, Switch, and Maestro, as well as laser cards. Other ways of payment are wire transfers, as well as Safecharge, Neteller, Skrill, FasaPay, Linkpay, and eWallet electronic payment systems. The payment method intended for clients from the United Arab Emirates and Kuwait is the UAE stock exchange.
Support service
The company is based in London, the UK, and has an office in Dubai, the UAE. Clients can contact the broker’s support team by phone, fax, and email which are listed on the official website.
Traders’ reviews
Traders leave comments on favorable trading conditions, low commission fees, compliance with the stated conditions, the ability to deposit and withdraw funds in cryptocurrency, a vast selection of digital currencies and orders. It is worth noting the scarcity of reviews from the broker`s clients on the Internet.
Advantages and disadvantages
Advantages:
- regulated broker (regulated by a highly reputable country)
- well-developed compensation scheme for financial services
- mobile trading applications run on Android and iOS
- wide range of trading instruments
- deposit and withdrawal of funds takes 2-3 days
- international broker
Disadvantages:
- no fixed spreads
- no negative balance protection
