One Financial Review – Unbiased Pros & Cons Revealed

WHO IS ONE FINANCIAL MARKETS?      

According to research in South Africa, One Financial Markets – is a UK-based broker which has been in operation since 2007 and was established in London.

One Financial Markets has licenses which allow for it to offer brokerage services in the UK through FCA, in Dubai through the DIFC, and in South Africa through the FSCA.

One Financial Markets is a reputable, award-winning broker that offers retail trading 24/5 along with a variety of financial instruments which can be traded including Forex and CFDs on various indices, commodities, energies, bonds, and futures.

One Financial Markets has a global presence with offices which are located in the Middle East, Europe, South America, and Central and South East Asia. Conducted offices can be found in Dubai, Kuwait, Hong Kong, and Shenzhen.

Overall Rating

• 4.2/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

FCA, DFIC, FSCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

SAFE OR SCAM

When choosing a broker, it is imperative that traders certify that brokers are regulated and authorized only through reputable, well-known regulatory entities. Respectively, One Financial Markets is regulated and authorized by:

• Financial Conduct Authority, or FCA, in the UK.
• Dubai International Financial Centre, or DIFC, in Dubai.
• Financial Sector Conduct Authority, or FSCA, in South Africa.

PRO AND CONS

LEVERAGE

Leverage offered by brokers allow traders to open much larger positions against and despite of their initial deposits. This increases the potential for profit, but it also increases the risk of incurring considerable losses that may exceed the trader’s initial deposit.

Brokers offer differing levels of leverage that may often be imperilled to and restricted by the regulatory entity through which the broker is authorized and regulated. Leverage can start from 1:1 and even go up to 1:2000.

Should the trader have access to leverage of, for instance 1:30, and they have made a minimum deposit of $1,000, they can subsequently open positions to the value of $30,000.

When opening a live trading account with One Financial Markets, traders have access to leverage of 1:30 should clients reside in the EU-jurisdiction under the FCA as there are strict limitations in place pertaining to the maximum leverage offered.

Clients who reside in other countries such as Dubai, Hong Kong, and South Africa, will see a significant increase in leverage of up to 1:200 and even up to 1:300 due to these regulatory entities not placing such strict limitations on such.

ACCOUNTS   

One Financial Markets only offers traders the option of opening a standard live account which has a minimum deposit requirement of $250 and will enable the trader to execute trades in Forex and other CFD products such as indices, commodities, and more.

By opening a standard live trading account with One Financial Markets, traders allow the broker to facilitate the execution of trades along with the trading conditions that the broker has set.

Each broker offers diverse trading conditions that appeal and cater for different types of traders depending on their level of knowledge, skill, and experience along with different financial needs and limits.

Traders need to note that when trading financial instruments such as Forex, there are overnight, roll over, or swap fees involved when holding positions open for longer than a trading day.

Muslim traders who follow the Sharia law often have the option of converting their standard live trading account to an Islamic Account, which exempts them from paying such fees which are seen as a shape of interest, which the Sharia law forbids.

One Financial Markets operates in the Middle Eastern Region, allowing Muslim traders to convert their standard live account to that of an Islamic Account, ensuring that they will not be subjected to overnight fees, or any interest as indicated by the Sharia law.

Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

One Financial Markets offers the following types of accounts:

• A risk-free Demo Account
• A standard live Account
• The option of an Islamic Account for Muslim traders

The advantage of being in possession of a One Financial Markets account is that the account can be accessed from an array of devices which allows for full account management including having access to trading history along with various statements.

MARKET INSTRUMENTS

One Financial Markets offers the trade in several financial instruments, including:

• Forex
• Bullion
• Indices
• Commodities
• Energy
• Cryptocurrencies, and
• Shares

Forex

One Financial Markets offers the trade in several Forex pairs including AUD/CAD, AUD/CHF, AUD/JPY, and several more with competitive spreads that start from 1 pip with a margin requirement from as little as 3.33%.

Bullion

One Financial Markets offers the following bullions which can be traded once opening a standard live trading account:

• Gold Futures
• Gold versus Australian Dollar
• Gold versus Euro
• Gold versus Swiss Franc
• Gold versus US Dollar
• Gold versus British Pound, and
• Silver versus US Dollar

Indices

One Financial Markets offers trade in some of the most popular indices such as the Aussie 200, China 50, Euro 50, French 40, and several more.

Commodities

Commodities that can be traded through One Financial Market include Cocoa on the NYBOT exchange, Coffee and Soy Bean on the CBOT exchange, Copper on the Commex Exchange, and Platinum versus the US Dollar on the NYMEX exchange.

Energies

Energy commodities that can be traded through One Financial Markets includes Natural Gas, UK Crude, US Crude, and WTI Crude Oil Futures.

Cryptocurrencies

One Financial Markets facilitates the trade in some of the most popular cryptocurrencies such as Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and Ripple.

Shares

Shares can be traded as CFDs with around 271 shares from the US, 141 from the UK, and 46 from the EU region which can be traded.

FEES

There can be distinguished between two types of fees that traders can encounter when opening an account with One Financial Markets, these are trading and non-trading fees.

Trading fees related to the costs when trades are executed while non-trading fees relate to broker fees, which is how brokers make their money, such fees include commissions, spreads, margin requirements, and deposit and withdrawal fees, amidst others.

Spreads

The spread is the difference between the bid and the ask price of an instrument which can either be fixed, floating and variable. Some brokers offer spreads that start from 0.0 pips, but traders will find that with such spreads, commission fees per trade are often charged.

One Financial Markets’ spreads depend on the financial instrument being traded and can be broken down as follows:

• Forex – spreads start from as little as 1 pip when trading AUD/CHF, EUR/GBP, EUR/USD, GBP/USD, and several other currency pairs.
• Bullion – spreads start from 2 pips when trading Silver versus the USD Dollar, or XAG/USD.
• Indices – when trading UK100, traders can expect spreads from 0.8 pips.
• Commodities – when trading commodities such as Copper, the spread starts from 6 pips.
• Energies – spreads start from 3 pips when trading WTI Crude Oil Futures.
• Cryptocurrencies – when trading Ripple, spreads start from 1.5 pips.

Commissions

Commissions may be charged on some financial instruments and some brokers may have commissions that are imperilled to the financial instrument and market conditions, One Financial Markets charges a set commission starting from $15 per trade on CFDs.

Margin

The margin requirement is the balance that the trader must have when they open a position and this is calculated by the current price of the financial instrument weighted against the USD, the size or volume of the position and the leverage which is applied.

Overnight fees

Traders who are not in possession of an Islamic account are subjected to charges when positions are held open for longer than a day. The fees charged will be decided by the financial instrument as well as the duration of the open position.

Inactivity fees

Traders need to note that some brokers charge fees should their trading account be left dormant for a certain duration of time. This fee differs between brokers and traders will need to verify this information before opening a live trading account.

Deposit and Withdrawal Fees

Some brokers carry the costs when deposits to and withdrawals form the account are made and it can either be expressed as a fixed amount or as a certain percentage subtracted from the total deposited or withdrawn.

One Financial Markets charges both deposit and withdrawal fees that are decided by the payment method used and the transaction (whether depositing or withdrawing funds). These fees are as follows:

• UK Bank Transfers – a deposit fee is not charged by One Financial Markets, but traders are liable for banking fees according to their institution and withdrawal fees are charged at £1 for next day payments and £20 for same day payments.
• International SWIFT – Remitting bank charges are applicable and there is a £25 fee is charged when withdrawals are made from the trading account.

DEPOSIT AND WITHDRAWAL

When opening a standard live trading account with One Financial Markets, a minimum required of $250 must be funded to the account.

One Financial Markets supports the most commonly used payment methods through which fund transfers can be done, including:

• UK Bank Transfers
• SWIFT
• Credit/Debit Cards
• Neteller, and
• Skrill

The processing times of both deposits and withdrawals will vary between the methods used and it can be instant, or it may take up to 10 days, respectively.

One Financial Markets supports a wide variety of deposit currencies although the currencies available will be defined by the type of payment method used when depositing or withdrawing funds.

Deposits and withdrawals can be made either in GBP, USD, EUR, AED, HKD, JOD, ZAR, and a variety of other currencies with SWIFT supporting all currencies predominantly.

Traders should note that third-party deposit and withdrawals are not allowed and that withdrawals have to be made through the same method that was used when funds were deposited into the trading account.

TRADING PLATFORMS

Trading platforms serve as the trading environment, or vehicle, through which transactions are executed and brokers may offer a variety of trading platforms, or they may rely on their own proprietary in-house trading platform which is tailored to their trading conditions.

Trading platforms differ in the same way that brokers differ, and not all trading platforms are designed to facilitate multi-asset trading, traders will therefore need to ensure that both the broker and trading platform can cater for their trading needs.

One Financial Markets makes provision for the following trading platforms:

• MetaTrader 4
• MetaTrader 5

Both these trading platforms are popular, user-friendly, and comprehensive platforms, but MetaTrader 4 mainly facilitates the trading of Forex, while MetaTrader 5 supports multi-assets and hosts a wider variety of features than MetaTrader 4.

HOW TO OPEN AN ACCOUNT

In order to register for a live account with One Financial Markets, traders will have to complete an online application that requires some basic personal information, contact information and residential information.

Due to strict regulations, all traders who apply for an account will have to go through a “Know Your Client”, or KYC, process which requires the submission of documents pertaining to proof of identity as well as proof of residence.

These documents undergo a verification process and once they have been approved, the trader will be able to fund their account with the minimum required deposit, and trading can commence.

CUSTOMER SUPPORT

When evaluating brokers, this is one of the crucial factors that traders need to test so that they will be able to determine whether the broker caters sufficiently for client queries, especially should there be an emergency query.

One Financial Markets has comprehensive customer support and contact details such as telephone numbers and email addresses are provided for various departments in London, Kuwait, and Dubai.

There is a comprehensive FAQ section which provides support on a variety of topics and the option of Live/Instant Chat is available on One Financial Markets’ webpage.

EDUCATION       

Educational tools and resources aid traders, especially beginners, in learning about trading and trading specifically on the broker’s platform. These resources often consist of a variety of tools and offers substantial support to traders.

One Financial Markets offers a comprehensive educational curriculum in the form of an Academy that provides access to the following tools:

• Trading Central
• Trading Glossary
• Live Trading Seminars, and more.

RESEARCH         

Research platforms, support and aid traders in making trading decisions more efficiently as these tools provide them with vital information along with access to certain features which can be applied to the way in which they conduct trading.

One Financial Markets makes provision for proprietary indicators along with MetaTrader 4 Expert Advisors, or EAs, investment strategies, live trading seminars and a proprietary newsroom.

AWARDS

One Financial Markets is a reputable and award winning broker with a comprehensive list of awards that have been obtained in its many years of operation. Some of these include:

• Best institutional broker
• Best FX Services broker
• Best FSA regulated broker
• Best Education product, and more.

CONCLUSION  

One Financial Markets has a comprehensive and impressive offering that caters for both beginner and experienced traders. The trading conditions are competitive when compared to other brokers of its class.

Traders have access to a variety of financial instruments and One Financial Markets provides access to two of the most reputable, user-friendly trading platforms in the trading community.

Only reliable payment methods are supported, and it provides ease through which deposits and withdrawals can be made. In addition to this, One Financial Markets does not charge exuberant fees, and there are no hidden costs.

DISCLAIMER

One Financial Markets cautions potential customers that Forex and CFDs consists of high risks of losses that may be incurred.

Before deciding to use the services of One Financial Markets, potential traders are advised to consider their existing investment objectives, financial situation, needs and level of experience before they invest capital that they cannot afford to lose.

One Financial Markets cautions that margin trading offers great potential for profit but that the risk of loss is substantial when considering movements in the price of foreign exchange and commodities which are very unpredictable.

Thus, One Financial Markets cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Overall Rating

• 4.2/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 250

Regulators

FCA, DFIC, FSCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

FAQs

TRADING ENVIRONMENT

How many instruments can I trade with One Financial Markets?

You can trade several different instruments with One Financial Markets, which include the following:

• Forex
• Bullion
• Indices
• Commodities
• Energy
• Cryptocurrencies, and
• Shares

Which platforms are supported by One Financial Markets?

One Financial Markets provides the following popular trading platforms:

• MetaTrader 4, and
• MetaTrader 5

Does One Financial Markets offer leverage?

Yes, One Financial Markets offers a maximum leverage of 1:300 depending on the regulatory entity under which the trading account is opened as EU-clients are only allowed leverage of 1:30.

What spreads can I expect with One Financial Markets?

One Financial Markets offers spreads that start from 1 pip when trading Forex.

Does One Financial Markets charge commission?

One Financial Markets charges commissions of $15 or currency equivalent when CFDs are traded.

Is One Financial Markets regulated?

Yes, One Financial Markets is regulated and authorized by the FCA, DFIC, and FSCA.

Is One Financial Markets a recommended forex trading broker for experts and beginners?

One Financial Markets caters for both beginner and experienced traders in its offering.

What is the overall rating out of 10 for One Financial Markets?

8/10

ACCOUNTS

What is the difference between a demo and live trading account?

A Demo Account is a risk-free account which is funded by virtual money and allows traders to either practice trading, explore the brokers offering, or test trading strategies in a mimicked live trading environment.

Does One Financial Markets offer a demo account?

Yes.

For how long is the demo account valid?

Demo accounts can typically be used for up to 30-days until they expire, depending on the broker’s offering. One Financial Markets does not specify the duration of the Demo Account.

Which live trading accounts does One Financial Markets offer?

One Financial Markets only offers the option of a Standard Live Account. In addition, provision is made for a demo account along with the conversion of the Standard Account to an Islamic Account.

 What are the available deposit currencies for a live trading account?

       USD, GBP, EUR, AED, HKD, JOD, KWD, SGD, and ZAR.

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for One Financial Markets?

The minimum deposit to open a live account with One Financial Markets is $250.

How do you make a deposit and withdrawal with One Financial Markets?

Deposits and withdrawals can be made through the following payment methods:

• UK Bank Transfers
• SWIFT
• Credit/Debit Cards
• Neteller, and
• Skrill

Does One Financial Markets charge withdrawal fees?

Yes, fees of £1 are charged when using UK Bank Transfers with next day payment, £20 when using same day payment, and $25 fees when using SWIFT.

How long does it take to make a withdrawal?

Depending on the withdrawal method used, processing times are between one business days and up to ten days.