What is One Financial Markets?
One Financial Markets is an English Forex and CFD broker regulated by the English FCA and the South African FSBS. In addition, the broker has an office in Dubai and one in Kuwait.
Customer service is in English, Arabic, and Chinese, making it easy to understand the main market for this broker. Unfortunately it is not a broker that provides services in Spanish.
One Financial Markets is a broker that was born in 2007.
Finally, the broker was acquired by Axitrader , the great Australian Forex and CFD broker, one of the world’s leading. Therefore it is a broker from which we can expect quality in the execution of the Australian giant.
One Financial is a broker with a strong eye on the international market, especially Arabic and Asian. For this reason, it highlights on its website that it can offer leverage of up to 400: 1, something that European traders cannot enjoy due to legislation.
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Account opening with this broker is simple. We can open both a real account and a demo. The difference is that with the demo we are only going to enter our personal data and email and with this we can already operate the markets in conditions like the real ones but without real money.
For the real account, it is necessary to justify our identity and residence, and we will do so with a copy of our passport or National Identity Document, and with copies of some of our invoices showing our current address. This is something that all brokers ask for.
When we have sent those documents, the account should be verified in a matter of minutes and the next thing would be to deposit money to trade.
One Financial Markets minimum deposit
Deposit methods are by transfer, card, Skrill and Neteller.
To deposit money there is a minimum depending on each of those services:
- Transfer: 0
- Card: 50 USD or 35 EUR
- Neteller: 50 USD
- Skrill: 50 USD
One Financial Markets accounts and commissions
Let’s see the average spreads in the most important assets and their evolution:
The broker does not clearly specify if it has different types of accounts. We assume that it is a general trading account.
The platforms to choose from are Metatrader 4 and Metatrader 5 .
The leverage used will depend on the jurisdiction of the trader and the office used.
- European Trader and London Office: 30: 1 maximum leverage
- International Trader and Dubai Office – Maximum Leverage of 400: 1
One Financial Markets review
This is an especially popular broker in the Middle East and not so much in Europe. Despite this it seems that the broker has a good reputation and the fact that it is regulated by the FCA helps it position itself as an interesting broker .
However, it is not a broker that is aimed at Spanish-speaking clients, so there are certainly better options for these clients. Maybe in the future they will solve this issue and provide customer service in Spanish, in which case things would change.
As for their trading conditions, they are not bad, with interesting spreads. However, at first glance it seems difficult to know what type of broker it is, whether STP or market maker . The fact is that in trading there are no commissions and the spreads are variable.
In the instruments it has had a notable improvement in the spreads of the Forex pairs. Over the years it has managed to lower the trading cost of the vast majority of pairs. In the indices and other instruments, the costs remain similar or even higher, although it must be taken into account that the price of some instrument is also higher, such as the SP500.
Bitcoin’s average spread seems quite interesting but this is something that would have to be constantly monitored to see how it stays throughout the day. If this were so it would be one of the cheapest brokers to operate Bitcoin.
The range of markets is quite good, including about 400 stocks from the United States, the United Kingdom and Europe.
As for the opinions on the net there is not much that we can find. We see something in Forex Factory from many years ago but there is nothing clear.
In short, that all things being equal and for Spanish-speaking world traders there are better options on the market at the moment.
For more information, visit the website .