ONE FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-11-01 00:04

Abstract：Registered in Australia, ONE FX is an online forex broker providing a series of trading instruments for its clients through the MT4 trading platform. ONE FX provides access to four types of trading accounts, namely Micro, Mini, Standard, VIP, with the minimum deposit to trade with this broker is $10. ONE FX is not authorized or regulated by any regulatory authority. Please be aware of the risk.

　　NE FX 3742227963

Basic	Information
Registered Country/Region	Australia
Regulation	No License
Minimum Deposit	$10
Minimum Spreads	N/A
Maximum Leverage	1:1000
Trading Platform	MT4 trading platform available
Payment Methods	N/A
Customer Support	Telephone & Email Support

　　General Information

　　Registered in Australia, ONE FX is an online forex broker providing a series of trading instruments for its clients through the MT4 trading platform. ONE FX provides access to four types of trading accounts, namely Micro, Mini, Standard, VIP, with the minimum deposit to trade with this broker is $10.

　　ONE FX is not authorized or regulated by any regulatory authority. Please be aware of the risk.

　　Account Types

　　Four types of trading accounts are on offer: Micro, Mini, Standard, and VIP. To open a Micro account, the minimum deposit requirement is quite friendly, ranging from $10 to $99. The Mini account asks for an initial deposit of $100, the Standard account requiring $1,000 and the VIP account requiring $10,000.

Account Types	Minimum Deposit	Max. Leverage	Spreads
Micro	$10-$99	1:1000	N/A
Mini	$100-$999	1:500	N/A
Standard	$1,000-$9,999	1:200	N/A
VIP	$10,000	1:100	N/A

　　Obviously, trading with an unregulated forex broker requiring so high deposits is taking a huge risk of losing your money. Thus, extra vigilance should be taken.

　　Leverage

　　ONE FX provides flexible trading leverage, ranging from 1:100 to 1:1000, generous offering yet risky enough. Leverage can amplify gains, it can also cause serious losses, especially to inexperienced traders. In this way, it is wise for clients to choose a safe ratio less than 1:10.

　　Trading Platform

　　ONE FX provides the access to the industry leading MT4 trading platform. The presence of the MT4 is always considered as an advantage of any broker, as the platform provides a full set of trading tools and features: a number of built-in technical indicators, as well as other perks. Besides, the MT4 is available as desktop, web and mobile app devices.

　　Customer Support

　　Clients who have any inquiries or trading-related issues can reach out to ONE FX through the following contact channels:

　　Telephone: +61 2 9274 8800

　　Email: support@onefxtrading.com

　　Pros & Cons

　　Some advantages and disadvantages of ONE FX are clearly listed below:

Pros	Cons
MT4 trading platform	Not regulated
Four types of accounts Available	High minimum deposit for the Standard account
High leverage	High Spreads
	Insufficient company info
	Average customer support
	Negative reviews