OneTrade Review Summary
OneTrade Review Highlights
Pros & Cons
- Good offer of platforms
- FCA regulates them
- Dynamic division
- Limited tools for education
This brokerage provides Direct Market Access via straight to process (STP) trading, additionally providing over ninety instruments for trading, made possible with the LD4 Equinix data center. The marketplaces on offer here are Spot FX, ,metals, CFD indices and commodities via aggregated pricing courtesy of the globe’ stop financial institutions, non-banks, MTF and ECN’s boasting low latency execution (circa 10ms round)
This was the United Kingdom’s 1st financial social networking provider, beginning its journey in 2010. They popularizes trading on financial marketplaces with entry to data, analytics and provided another way to share performances. From then on, the company expanded their dealings to international offerings and today they are refereed to as one of the forefront companies in financial tech solutions.
Is this a secure brokerage?
The name OneTrade is actually the trading name of FxStat Ltd. OneTrade is overseen by the FCA in the UK, so their clients are protected and standards of safety are quite high. The firm follows many guidelines, like the fact that customer funds should be kept separately and there should be compensation schemes in place, in addition to standard reports and services.
Educational materials are at your disposal here, both if you’re a novice or a pro. The User Manuals are great if you’re a beginner, since they give detailed info by phases regarding the subject of usage of the platform and how to conduct trades. Zero-cost seminars are provided each month, tackling various themes and giving a more individual type of trading and usage of products for trading.
Platforms for Trading
There is more than one platform on offer that can be accessed from one account. These include the renown MetaTrader4, MetaTrader4 web trader, CRM, social trading platforms and liquidity bridge. This is specific for market proposals that have a price-effective solution for retail and institutional traders, financial institutions and brokerages. So this company can provide a platform for all needs – be that click-and-trade, social trading, algorithmic, copy trading or FIX API.
The MetaTrader4 offers users a great area for trades that can be customized easily with expert advisors for automated operations.
WebTrader provides entry to marketplaces via all devices and links to the MetaTrader account of the trader. They grant automatic uploads of trades, thorough portfolio features and research with a smartphone application.
The social trading aspect links traders across the globe who can see moves of expert traders and copy them. This is a great pick for those who want to check out the advantages of social trading that build skill.
You only need five minutes to start an account. Just fill in an online application, get verified and you’re ready to go. There are a scope of currency options for you, so you can pick GBP, USD and EUR as your base.
All of the platforms can be accessed from one account.
No matter how you trade, you have to make calculated decisions and monitor performance, and this can be done via the performance page that has over two hundred statistical info that pinpoints strong points throughout the process.
The prices of trading is a low floating Inter-Bank spread that boasts low commission of 0.35 USD for mini lot for side of fx and metals.
Deposits & Withdrawals
Deposits are conducted via bank wire through an account that bears the name of the person holding the broker’s account, since those are the rules. Moreover, you can also fund your account via Skrill and debit/credit cards. There are some limits for cards, so we advise you use this just for emergencies.
The min. deposit is a hundred dollars for the initial funding.
The withdrawals can be done the same way the deposit was done. Deposits made my cards can be taken back the same way and in the span of thirty days since the deposit was made. The cost of this is zero!
This is a tech-oriented firm that provides Direct Market Access via a lot of instruments for trade. You can rest easily knowing that this is a regulated broker that follows rules imposed by the FCA.
They do a fantastic job in segregating client funds and ensuring safety of their money. Moreover, trades are provided with clear execution and total openness and honesty.
OneTrade provided their traders with the possibility of social trading via their tech solutions that fuel numerous platforms.
You will easily find answers to your question due to the dedicated team and the learning materials at your disposal.
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.