ONE FINANCIAL MARKETS Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：One Financial Markets is an online broker that offers CFD (Contract for Difference) trading in forex, stocks, indices, commodities, and cryptocurrencies. The company provides Standard and Professional accounts with leverage up to 1:30 and 1:400, respectively. Trading is conducted via the MT4/MT5 platforms. Spreads are as low as 1 pip (for EUR/USD). The firm also offers demo accounts and 24/7 customer support.

One Financial MarketsReview Summary
Registered On	2010-02-03
Registered Country/Region	United Kingdom
Regulation	Suspicious Clone
Market Instruments	Forex, Commodities, Bullion, Cryptocurrencies, Indices, Shares, and Energy
Demo Account	✅
Leverage	Up to 1:400
Spread	From 1 pips (Typical, EUR/USD)
Trading Platform	MT4 (Web, Desktop, iPad, iPhone, and Android), MT5 (Desktop, Android, iPhone, and iPad)
Min Deposit	$250 (Standard)
Customer Support	T: + 44 ( 0 ) 203 857 2000
	E: info@ofmarkets.com
	WhatsApp: +61448088246
	Facebook, Twitter, YouTube
	1 Finsbury Market, London EC2A 2BN, United Kingdom

One Financial Markets Information

　　One Financial Markets is an online broker that offers CFD (Contract for Difference) trading in forex, stocks, indices, commodities, and cryptocurrencies. The company provides Standard and Professional accounts with leverage up to 1:30 and 1:400, respectively. Trading is conducted via the MT4/MT5 platforms. Spreads are as low as 1 pip (for EUR/USD). The firm also offers demo accounts and 24/7 customer support.

Pros and Cons

Pros	Cons
Regulated	Suspicious Clone
24/7 customer support	Not zero spread
MT4/MT5 available
Various payment methods
Demo account available

Is One Financial Markets Legit?

　　All regulations of One Financial Markets are in a cloned state, and the cloned regulatory licenses involve the FCA, SFC, DFSA, and FSCA.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	FCA	Axi Financial Services (UK) Limited	Market Maker (MM)	466201	Suspicious Clone
	SFC	One Financial Markets Asia Limited	Leveraged foreign exchange trading	BFZ621	Suspicious Clone
	DFSA	One Financial Markets (DIFC) Limited	Retail Forex License	F003943	Suspicious Clone
	FSCA	Financial Service Corporate	AXI FINANCIAL SERVICES (UK) LTD	45784	Suspicious Clone

What Can I Trade on One Financial Markets?

　　One Financial Markets offers various market instruments, including Forex, Bullion, Indices, Commodities, Energy, Cryptocurrencies, and Shares.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Bullion	✔
Cryptocurrencies	✔
Indices	✔
Shares	✔
Energy	✔
Bonds	❌
Mutual Funds	❌

Account Type

　　One Financial Markets offers standard and professional accounts with different account opening thresholds. Additionally, the broker claims that the Standard account provides negative balance protection.

Account Type	Standard	Professional
Minimum opening balance	$250	$1000
Liquidation level	50%	20%
Leverage	up to 1:30 (3%)	up to 1:400 (0.25%)
E.g., Margin Requirement (based on 1 lot of EURUSD (100,000) @ 1.1600	$3862.80	$290
Negative balance protection	Yes	No
Platform(s) available	MT4 / MT5	MT4 / MT5

One Financial Markets Fees

　　One Financial Markets offers an average spread of 1.2 pips and a typical spread of 1 pip (EUR/USD).

Leverage

　　The Standard Account of One Financial Markets offers a maximum leverage of 1:30, while the Professional Account provides a leverage as high as 1:400.

Trading Platform

　　One Financial Markets provides online foreign exchange trading through the ONE | MT4 and ONE | MT5 platforms. Traders can trade all asset classes on a single platform, which can be downloaded to their desktops or accessed anytime, anywhere via applications compatible with iPhone, iPad, and Android. The ONE | MT4 platform also supports web-based operations.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop, iPad, iPhone, and Android	Beginners
MT5	✔	Desktop, Android, iPhone, and iPad	Experienced Traders

Deposit and Withdrawal

	Currencies Accepted	Minimum Deposit Amount	Deposit Charges	Transfer Time	Minimum Withdrawal Amount	Withdrawal Charges	Transfer Time
UK Bank transfers	GBP	No Minimum	Remitting bank charges only	1 to 3 working days	£30	£1 (next day payment)£20 (same day payment)	Next daySame day
International SWIFT bank wire transfer	JODUSD/GBP/EUR/AED/HKD/JOD/KWD/SGD/ZAR	No Minimum	Remitting bank charges only	2 to 5 working days	$50 (or equivalent)	$25	2 to 5 working days+
Credit/debit card(within portal)	USD GBP EUR	$50, €35 or £30	0%	Immediately	$50, €35 or £30	0%	3 to 5 working days
Credit/debit card(outside portal)	USD GBP EUR	$50, €35 or £30	0%	Within 15 minutes++	$50, €35 or £30	0%	Up to 10 days
NetellerOutside the UK and EEA only	USD	$50	No additional charge	Immediately	$50	No additional charge	Same day
SkrillOutside the UK and EEA only	USD	$50	No additional charge	Immediately	$50	No additional charge	Same day