One Trading Markets claims that they offer trading as it should be, and only with them will you experience it. In our review, we will examine whether their promises hold true or if it’s yet another scam.
- One Trading Markets General Information
- Registration and Client Portal Review
- One Trading Markets Trading Conditions
- Account Types Review
- Trading Platform
- One Trading Markets — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is One Trading Markets a Scam?
- Legal Information and License
- Onetradingmarkets.com Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
One Trading Markets General Information
| Website | https://onetradingmarkets.com/en/ |
| Phone Number | +44 20 3885 0884 |
| support@onetradingmarkets.com | |
| Address | WC1N 3AX, 27 Old Gloucester Street, London, United Kingdom. |
| License | MWALI International Services Authority |
| Minimum Deposit | $100 |
| Assets | Forex, CFDs |
| Leverage | Up to 1:1000 |
| Trading Platform | MT5 |
Registration and Client Portal Review
The official website of One Trading Markets gives off a rather peculiar impression. It appears unique, as it deviates from the most common template designs. However, it also looks somewhat awkward and disjointed. Additionally, it is noteworthy that the website only offers two languages: English and Arabic. Nevertheless, the presence of comprehensive legal information is a positive aspect.
Moving forward, registration will be required, and it will undoubtedly consume a significant amount of time. As the broker is regulated, the registration process entails completing a detailed questionnaire that includes personal information and financial data, along with disclosing your investment experience, net worth, and more. Only after completing this process will you gain access to your personal account.
One Trading Markets Trading Conditions
One Trading Markets assures that its trading conditions will captivate clients. So, we will conduct a brief analysis of them.
Account Types Review
The broker offers three types of accounts: Standard, Executive, and Pro. These accounts differ in terms of minimum deposit requirements, spread and commission sizes, and leverage. For instance, the Pro account requires a minimum deposit of $5,000. It features tight spreads but charges a commission of $3.5 per lot traded. On the other hand, the Standard and Executive accounts do not have commissions but instead have spreads.
One Trading Markets provides high leverage across all account types, ranging from 1:400 to 1:1000. However, for stock trading, leverage is standardized and does not exceed 1:20. Margin call levels are reasonably accommodating at 100%, while the stop-out level is set at 25%. If you are uncertain about which account to choose, the customer support team is available to provide guidance and consultation.
Trading Platform
One Trading Markets offers the popular trading platform MetaTrader 5 (MT5) for its clients. MT5 is a widely recognized platform known for its advanced features and functionality. It provides a comprehensive set of tools for technical analysis, charting, and order execution. Traders can access a wide range of financial instruments across multiple markets. The platform is user-friendly, with a customizable interface and a variety of order types to suit different trading strategies.
One Trading Markets — Deposit and Withdrawal of Funds
One Trading Markets offers a variety of popular methods for depositing funds. Clients can choose from a range of options, including credit and debit cards, bank transfers, electronic wallets, and payment systems. This provides flexibility and convenience for traders when it comes to funding their trading accounts.
Verification
To have the ability to deposit funds and gain full access to the broker’s platform, it is mandatory to undergo the verification process. This ensures compliance with regulatory requirements and helps maintain a secure trading environment. The verification process typically involves submitting necessary identification documents, such as proof of identity and address, as well as completing any additional verification steps requested by the broker.
Once the verification is successfully completed, clients can enjoy uninterrupted trading and funding capabilities on the platform.
Additional Options
One Trading Markets offers additional services to its clients, including a partner program where individuals can become representatives of the broker. However, the specific rewards for participating in the program are not explicitly described. Additionally, the broker provides a small educational section where clients can access news and stay informed. While it is not a comprehensive training resource, it contributes to keeping traders updated on market developments.
Is One Trading Markets a Scam?
Let’s talk about the safety aspect of One Trading Markets.
Legal Information and License
Let’s talk about the safety aspect of One Trading Markets. The broker claims to be registered and authorized by the regulatory authority of the Comoros Islands. The management company, OT Markets Limited, really has obtained this license. However, we are concerned about how easily brokers acquire licenses in this jurisdiction. Essentially, license renewal depends on timely payment, which may explain the lenient requirements of this regulator. You may have noticed the significant leverage offered by this broker.
Onetradingmarkets.com Domain Info
One Trading Markets doesn’t provide much information about its establishment. However, we conducted a domain registration check and found that it was registered back in 2019. However, at that time, the company had a legal entity based in another offshore location, St. Vincent and the Grenadines. It appears that they recently obtained their license from the Comoros regulator.
Contacts Review
Finally, regarding their contact details, we’d like to emphasize the peculiar choice of locations and languages. One Trading Markets only offers English and Arabic as language options. The broker also lists two addresses for their offices, one in the UK and the other in Dubai. It is evident that One Trading Markets targets a specific audience, and clients from certain countries may not find it convenient to trade on this platform.
Pros and Cons
- License.
- Not-so-long working period.
- Offshore registration.
- High leverage.
- Negative reviews.
- Few additional services.
Frequently Asked Questions (FAQ)
One Trading Markets offers a range of financial instruments for trading, including Forex and CFD.
The minimum deposit requirement with One Trading Markets varies according to their trading conditions and starts at $100.
While One Trading Markets is licensed by a regulatory authority, it is important to exercise caution. The reliability of the regulator, as well as the offshore jurisdiction, may raise concerns about the overall safety and protection of client funds. Thorough research and evaluation are recommended before making any investment decisions.
Very disappointed.
Hello. I started trading with One Trading Markets and realized that I made a big mistake falling for their supposedly advantageous conditions and high level of security. My internet connection is fine, with fiber optics, and my computer has 16GB of RAM, an SSD, and a modern processor. So, the problems are definitely not on my end but on the broker’s side. The trading platform lags horribly, and order execution takes forever.
I don’t know how others trade here, but personally, it didn’t work out for me. They don’t even offer my favorite cryptocurrency, only forex, stocks, and commodities.
But those are just a fraction of the problems I encountered. The main issue is that this company turned out to be dubious! I have been unable to withdraw my funds for several months. Since my first withdrawal attempt, nothing has changed, and for several months their website wasn’t even functioning. Now it’s back online, but my withdrawal requests are pending, and I can’t get a single cent back. I’ve lost over $1,000 here, and I’m unable to withdraw anything.
Draw your own conclusions.
Choosing the right broker for forex trading is crucial. While stock market brokers are relatively straightforward, forex and CFDs trading can be more complex. It is advisable to trade through companies licensed by reputable regulatory bodies like the FCA or other European regulators. Unfortunately, I didn’t notice any solid business model or important factors with this broker. It seems to be operating as a B-Book model. Overall, this broker is not recommended.