If you want to start trading currencies and enter the Forex market, then UK is the place to go. Great Britain produced many successful brokers who have clients all over the world. Great Britain provides a sophisticated and regulated market where brokers know how to treat their clients and how to conduct business. The last decade saw a rise in Forex empires of which some of them crushed before their time given that the Forex industry is fragile and risky. Traders have to be aware in advance that there is a chance to lose all of their invested money. Sometimes, the broker cannot do anything about it, and traders should really mentally prepare for any kind of outcome. This One Financial Markets review will present you one of the successful UK brokers who does everything in its power to provide the best trading environment for its clients. Read our review to find out if this broker could be something for you.
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General Info
One Financial Markets is a broker who was formed in 2007, in the eve of the global financial crisis. The broker has expanded globally and is meanwhile found in South America, Europe, Middle East, and Central and South East Asia. The broker’s local offices make sure that the distant markets and market participants have the same possibilities as those who trade from Britain. One Financial Markets is really the number 1 for many traders who enjoy their good status with the broker. The broker is regulated by the FCA and makes sure not to lose its license. Fact is that many brokers get an FCA license but turn out to be unable to keep it when they cannot meet their obligations. This did not happen to One Financial Markets who managed to stay on top of the industry for the last 9 years.
One Financial Markets Platforms
First, the broker offers the widely-used and accepted Meta Trader 4 in both its version, as a desktop and web-based variant. The MT4 includes many advantages and conveniences for traders, and that is why it is the top platform. Traders especially enjoy the automated trading part of the platform whereby they can hand over their trades to expert advisers (robots). One Financial Markets offers their own trading platform since 2015. The ONE Webtrader is equipped with unique features, whereby the most distinguished would be the Tradable app store. This feature lets traders make and design their own platform. They can choose and customize the features and the layout. Tradable is suitable for all devices; cells, laptops, OS, tablets, etc. If you are a trader who likes to stay in the loop all the time, you can download the ONE MT4 mobile app. The app lets you access your trades anytime and anywhere.
Account Types
The broker offers two types of accounts. One account for market making and the other is the DMA account. The dealing desk account is called the Standard account and requires a $250 minimum deposit. The minimum trade volume is limited to 0.01 lot and leverage to 1:400. The good news for traders is that this account offers fixed spreads, e.g. 1.8 pips (but only on the major currency pair USD/EUR and JPY/USD). This account also has a swap-free account for all those who trade according to Muslim laws (which is reasonable given that the broker opened its doors to the Middle East). The DMA account provides Direct Market Access at a price of $10,000 (minimum deposit). Here, the minimum volume to be traded is 0.1 lot. The spreads are variable and start already from 0.0 pips on major currency pairs. Sometimes, trading on the DMA account will require a commission.
One Financial Markets Bonus
The broker is one of the generous brokers who offer bonuses to their honorable traders. If you sign up with One Financial Markets, you can count on a 10% deposit bonus up to the limit of $2,500. The bonus comes with an expiry date of 90 days and is only meant as trading credit. The bonus refers only to the Standard account and is not available with the DMA account. Additionally, the broker offers also a Refer a Friend Bonus up to $350. This bonus does not only reward you but also your friend with a $300 trading credit.
Payment Methods
The broker accepts different payment methods in the following order:
- Bank transfer
- Different credit cards
- E-wallets: Neteller, Safecharge, Skrill, Linkpay, FasaPay
One Financial Markets processes withdrawal request within the same day unless the request was sent on a non-work day. They accept USD, GBP, and Euro.
Customer Support
Since the broker spread around the globe, it maintains regional customer support services. You can easily reach the customer support nearest to you (e.g. China, Kuwait, Saudi Arabia, London, etc.) via phone line, e-mail, live chat, or even an online request form available on the broker’s website.