One Financial Markets Review 2024
Website: www.onefinancialmarkets.com
Min. Deposit: US$ 250
Leverage: 1:30
Trading Platforms: ONE MT4
Regulation: FCA, DIFC, FSCA
Headquarters: UK
Founded: 2007
Updated on February 13, 2024
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One Financial Markets stands out as a global online broker offering retail trading services 24/5. It facilitates investment in forex and CFDs across a spectrum of assets including indices, commodities, energies, bonds, and futures. Our comprehensive review is anchored in an extensive analysis of over 1000 brokers, assessing key metrics such as regulatory compliance, fees, platform capabilities, customer service, and more. This rigorous process ensures our recommendations are both reliable and tailored to meet the diverse needs of traders.
One Financial Markets Pros and Cons ▲
Pros
Highly regulated by toptier authorities
Offers a wide range of trading instruments
Strong customer protection measures in place
Cons
Limited educational resources for beginners
Customer support is not available 24/7
Is One Financial Markets safe or a scam? ▲
One Financial Markets is far from being a scam. It operates under the regulatory supervision of several top-tier authorities, including the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA). This broker is also regulated by the Hong Kong Securities and Futures Commission, and holds an authorization in Australia, showcasing its commitment to upholding the highest standards of safety and transparency. One Financial Markets is the trading name of C B Financial Services Ltd, a company diligently regulated by the FCA, ensuring all operations adhere strictly to the safety measures and financial conduct standards set by this authority.
Our evaluation ranks One Financial Markets with a trust score of 4.3 out of 5, reflecting its excellent service history, formidable reputation, and the reliability of its top-tier licenses. The broker's global presence is further solidified by its registration with Dubai International Financial and regulation by the DFSA. In Asia, it operates as an introducing agent authorized by the Hong Kong Securities and Futures Commission, with an SFC CE No BFZ621, along with its authorization in Australia. Compliance with multiple regulatory standards and adherence to strict client money protection rules offer significant confidence to traders. The practice of keeping all funds in segregated accounts at major banks, along with operating with reserves well above the minimum Financial Resources Requirement, underscores the broker’s dedication to client safety.
Recent regulatory changes in Europe, specifically the ESMA regulation, have set new limits on leverage for European residents, capping it at a maximum of 1:30. However, traders from other jurisdictions may access significantly higher leverage ratios, with caps reaching up to 1:200 or even 1:300 for Forex instruments, depending on the regulatory body governing the trader's location. Notably, authorities in Dubai, Hong Kong, and South Africa permit these elevated leverage limits, offering traders greater potential for profit (and risk).
One Financial Markets employs a competitive fee structure, designed to accommodate both novice and experienced traders. While the broker's standard account can be opened with an initial deposit of just $250, the trading costs associated with this account are transparent and in line with industry standards. Spreads, commissions, and overnight financing rates (swap rates) vary depending on the instrument being traded, but they are generally competitive, providing traders with a cost-effective trading environment.
One Financial Markets facilitates trading through its standard account, which requires a minimum initial deposit of $250. This account grants traders access to a comprehensive range of FX and CFD products, including commodities, indices, cryptocurrencies, shares, and more. The ONE | Account platform is user-friendly and accessible from any device, offering complete account management capabilities, such as access to trading history and account statements. Additionally, for traders operating in the Middle East, the broker provides the option of a swap-free or Islamic account, which is compliant with Sharia law.
One Financial Markets boasts an extensive selection of trading instruments across Forex and CFDs. This range encompasses Forex pairs, bullion, indices, commodities, energy, cryptocurrencies, and shares. After conducting an in-depth analysis of over 1000 brokers, we have assigned One Financial Markets a score of 4.0 out of 5. The broker's diverse offering is commendable, particularly its range of Forex and CFD instruments. However, the emphasis on these two categories may not cater to traders seeking a broader array of investment opportunities.
One Financial Markets stands out for its competitive spreads, leveraging Straight Through Processing (STP) technology to ensure traders benefit from tight spreads. In our review, we observed live spread dynamics that position One Financial Markets as a commendably competitive choice among forex brokers. For instance, comparing its fees with those of other reputable brokers like IG and BlackBull Markets, it's evident One Financial Markets offers lower than average forex spreads. Specifically, the EUR/USD pair consistently showed spreads lower than the industry's average of 1 pip, which is a significant advantage for traders. After extensive testing and comparison with over 1000 brokers, we rate the spreads as relatively low, giving them an overall score of 7.8 out of 5.
One Financial Markets provides a range of convenient payment methods for both deposits and withdrawals. Upon account registration, traders can easily navigate to their client portal to discover all available payment options. The addition of a landing account acts as a versatile wallet, enhancing fund management across multiple trading accounts. This setup is particularly beneficial for traders engaged in diversified trading strategies. Our analysis ranks One Financial Markets' funding methods at 7.8 out of 5, considering the variety of secure transaction methods and the generally low or non-existent fees for deposits and withdrawals. Payment options include Credit/Debit Cards, Bank Transfers, UAE exchange remittances, and e-payments through Neteller and Skrill.
The minimum deposit required to start trading with One Financial Markets is $250, which is comparatively lower than many other brokers that typically require a $500 minimum. However, this amount can vary depending on the chosen payment method. For instance, bank wire transfers have no minimum requirement, whereas credit card or e-wallet deposits are set at $50.
Withdrawals at One Financial Markets are streamlined, including popular methods like Transfers and Card Payments. It's important to note that while most withdrawals are free of charge, certain methods, such as international SWIFT transfers, incur a $25 processing fee.
One Financial Markets prioritizes a seamless trading experience by offering the esteemed MT4 platform, along with ONE | MT4, ONE | Mobile, and ONE | Web Trader. These platforms are designed to meet a wide range of trading needs with immediate execution, reliability, and integrity. Traders have the advantage of using Expert Advisor assistance and gaining FREE access to technical analysis from Trading Central, alongside bespoke ONE Indicator series for comprehensive market analysis and execution strategies. The combination of these platforms with One Financial Markets' technological infrastructure provides a significant advantage, enhancing overall trading performance. The broker's market range is rated 8.2 out of 5 for its diverse offering and exceptional trading conditions on the MT4 platform.
One Financial Markets has established a commendable reputation through years of reliable service, particularly in the Middle East and Asia. The broker distinguishes itself with professional, tailored trading services and a commitment to trader education and empowerment. Its comprehensive educational resources, including the One Trading Academy and the unique Yasmeen Society for female traders, make it a valuable partner for both novice and experienced traders. Additionally, the broker's competitive spreads, variety of trading platforms, and commitment to providing a conducive trading environment are highly beneficial for:
Beginning Traders
Trading Education
Traders who prefer MT4
Currency Trading and CFD Trading
Social Trading
Islamic Account
Overall, One Financial Markets is a solid choice for traders looking for a broker that offers good educational support, advanced trading tools, and competitive trading conditions.
