Independent rating of Forex broker One Financial Markets

About company

One Financial Markets is an online broker that consists of several other companies. The broker provides its clients namely, private and institutional investors, with trading platforms for Forex and CFDs trading as well as with such trading instruments as stocks, indices, precious metals, energy, cryptocurrencies, and various commodities. One Financial Markets was established in 2007. The head office is located in London. There are also representative offices in other cities in Europe, the Middle East, South America, and Central and South-East Asia. One Financial Markets is regulated by the Financial Conduct Authority in the UK, the Financial Sector Conduct Authority in South Africa, and financial service providers worldwide. Notably, the regulatory authorities in the UK have very strict control and impose a number of obligations. Thus, when obtaining a license, the company must prove financial stability. The funds of all clients who trade with One Financial Markets are kept in segregated bank accounts.

Trading conditions

One Financial Markets offers clients the following types of accounts: Standard (the minimum deposit is $250, no commission is charged) and Professional (the minimum deposit is $1,000). The company's spreads are variable, i.e. they depend on market prices. Thus, when traders hold an open position overnight, they will definitely have to pay a commission even if they have opened the Standard account. If a client’s account remains inactive for a year or more, a fee of $25 or €20 will be charged. One Financial Markets provides a wide range of trading instruments with minimum leverage of 1:400. However, on the company's website, it is also mentioned that the leverage for a Standard account is 1:30. The company offers its clients the popular MetaTrader 4 trading platform. Deposits and withdrawals are made via credit and debit cards (Visa, MasterCard, Solo, Switch, Maestro), laser cards, wire transfers, electronic payment systems (SafeCharge, Neteller, Skrill, FasaPay, linkpay, eWallet). Clients from the UAE and Kuwait should use another payment system – the UAE exchange.

Support service

The company is headquartered in London, United Kingdom. It has offices in Dubai, United Arab Emirates. Clients can contact the support service by phone number, which is listed on the official website. They can also send fax or email.

Traders’ reviews

On the Internet, there are many positive reviews from customers who are satisfied with favorable trading conditions and low commission fees. Many traders also note that the company fully fulfills the stated conditions. Some clients underline such advantages as the opportunity to deposit and withdraw money in digital currency and trade using various orders. However, bear in mind that customer feedback is not enough for an adequate assessment of the broker's activity.

Advantages and disadvantages

One of the main advantages of this broker is that it is supervised by reputable regulators. It is also important that One Financial Markets has a well-developed financial services compensation scheme. Besides, traders have the opportunity to trade through mobile apps that are available for both Android and iOS. Moreover, the company offers a wide range of trading instruments, the opportunity to process deposits and withdraw funds in a fairly short period of time – in just 2-3 days. However, there are significant drawbacks, e.g. the lack of fixed spreads and protection from a negative balance.