ONE Financial Markets Review

MIN. DEPOSIT $50
Up to 400:1
Up to $2,500 BONUS
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ONE Financial Markets
Up to $2,500
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Overview

Company Information One Financial Markets is the brand name of the online forex trading company CB financial services. The company itself was founded in 2007, but they launched their online… more

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Details

Broker ONE Financial Markets
Website URL http://www.onefinancialmarkets.com/
Headquarters London, United Kingdom
Support Number + 44 ( 0 ) 207 534 0950
Support Email info@ofmarkets.com
Support Types Phone, Live Chat, E-mail, Contact Form
Languages English, Arabic, Chinese, Spanish, Korean, Afrikaans, Indonesian
Minimum 1st Deposit $50
Minimum Trade Amount 0.01 lots
Maximum Trade Amount 100 lots
Bonus Up to $2,500
Payout Up to 400:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Conduct Authority (FCA)
Account Types Standard, ECN
Deposit Methods Online Payment, Fasapay, SWIFT, UK Bank Transfer, Neteller
Withdrawal Methods Online Payment, Fasapay, SWIFT, UK Bank Transfer, Neteller
Types of Assets Forex, Commodity CFDs, Index CFDs, Future CFDs
Account Currency USD, GBP, EUR, AED, HKD, JOD, KWD, SGD, ZAR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

One Financial Markets is the brand name of the online forex trading company CB financial services. The company itself was founded in 2007, but they launched their online platform much later in 2011. Their headquarters are located in London, UK, but they also have offices in Dubai, Kuwait, Saudi Arabia and the United Arab Emirates. The company is licensed by the FCA and the FSB in South Africa and is a fully regulated online broker. It’s clear that their efforts are mainly aiming for clients from South East Asia, but they also have a strong presence in Europe as well. In 2014 the company announced that there are more than 25 000 clients registered on their platform. The company has already won several awards for being the “Best FX Services Broker”, “Broker of the Year” and “Top International FX Broker 2015”. It’s not a surprise that the company keeps growing, and they now have a support center in China. Many traders prefer this broker, because of the excellent trading conditions and very dedicated customer support team. But let’s see what One Financial Markets offers.

 

Trading Information

One Financial Markets offers Forex, CFD’s, commodities, indices, energies, bonds and futures trading instruments. Currently, they have two account options. The Standard account has a minimum deposit requirement of $250.The spreads are variable, and the margin call level is under 100%. The liquidation level is at 10%, and Forex maximum leverage is set to 1:400. Hedging and scalping are allowed. Swap-free accounts are available, and mobile trading is supported. The minimum trade volume is 0.01 lots. The ECN account has many differences. For starters, the required minimum deposit is $5000. Liquidation level is set much higher at 125%. Trading with indexes and futures is not allowed. External liquidity is possible and the lowest margin required is 2%. All the needed features like, one-click trading, trailing stop order, pending orders and automated trading are available for both accounts. The number of currency pairs offered is over 50 (according to their website). Choosing an account at One Financial Markets is an easy task. If you’re a beginner, the Standard one is your natural choice and for experts, there is the ECN option.

 

Trading Platforms

When it comes to platforms One Financial Markets made a reasonable choice and went with the very popular Metatrader 4. It’s the world leading platform regarding features and instruments. It can be used by beginner and expert traders. You can customize it to your liking and use excellent features like charts or signal trading. It supports multiple languages and works on every desktop and mobile device. The ECN FX product that Online Financial Markets have made also uses at its core the MT4. The problem with the MT4 has always been the download and installation process and finding the one the version that suits your device’s OS (Windows, MAC, Android, iPhone, iPad). That’s why the company has made a Webtrader platform where you can just log in from any browser and start trading.

 

Security and Customer Services

As an award-winning online broker, you can expect that customer support is top of the industry, and it is. Security is at a very high level, and you won’t risk any of your information or funds. The SSL encryption implemented on the “Open Account” page protects your personal data from being stolen. One Financial Services has a segregated account option where your funds are deposited in a separate bank account and are not part of the company’s. Customer services are at its best and offers 24/5 coverage. Contact them is simple with plenty of contact methods available. You can use different phone numbers to contact the offices around the world or just use the international phone line. You can send them an email or fill out their online form. On every page of the website, there is a helpful Live Chat button which you use to get easily in touch with a representative. The “Search” option (also on to) can help you find every information about a particular keyword you type. The website is translated into seven languages, and there is support in all of them. There is also an “Academy” page where you can find helpful information about trading strategies or just learn the basics of Forex trading.

 

Deposits and Withdraws

Funding your account is simple and you can plenty of ways to transfer the money. There are many currencies that you can use to transfer funds, but keep in mind that your account will only be in GBP, USD or EUR. The minimum deposit amount ranges from “no minimum” to $50 for some types of payment. There is a deposit charge of 1.7% for online payments which is a bit disappointing. Processing times are from 15 minutes to 2-5 business days tops. Almost the same scenario goes for the withdrawals. There are no minimum withdrawals for some methods but some it’s $10 to $50. Keep in mind that you’ll have to use the method you deposited the money, so no money laundering practices are suspected. Processing times are not very fast, especially for the online payments. They can take up to 10 days to process, and the fastest is the same day service for local bank accounts.

 

Deposit Bonus and Loyalty Programs

One Financial Markets have made the effort to make some attractive bonus offers. Their current promotion is called “Exclusive Summer Promotion” and consist of three offers. The first one is a 1pip spread on all major FX pairs; the second one is a 20% bonus on every deposit, and the last one is 0.20% margin requirement on crude oil. Keep in mind that this is the current offer (at the time of writing this review) and it might change in the future.

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