We continue a series of articles in which we talk about reliable and proven forex brokers with real STP order execution. Today we are talking about a licensed British broker, more focused on retail traders. Meet – OneTrade.
GENERAL INFORMATION ABOUT ONETRADE
OneTrade is a trademark of FxStat, which was established in 2010 and is registered in the UK. The company is regulated by one of the most reputable regulators – FCA, license number 537787. Thus, all customer accounts are a participant in the compensation program in the financial services industry of England and are insured up for £ 50,000.
It is worth noting that OneTrade has a purely agent license (matched principal broker), so you can say with certainty that trading in OneTrade, all your transactions are sent to the interbank market (confirmation of this information you can get on the official FCA website). Thus, the conflict of interests between you and the broker is completely eliminated. This allows you to be sure that the broker will not begin to put you on the wheels if you earn.
The main office of the company is in London, UK.
TRADING CONDITIONS IN ONETRADE
Onetrade offers only one kind of account with spread starts from 0 points on EUR/USD and a commission of $4 in one turn ($8 full-turn). For indices, the commission is $3 dollars in one turn ($6 total).
A minimum deposit is $ 100, which makes Onetrade an excellent choice if you have a small account.
The maximum leverage is 1:100.
The minimum deal size is 0.01 lot.
More than 90 trading instruments: FX, stock indices, metals and commodities.
Platforms: MT4 and Webtrader, as well as the ability to connect via the FIX API.
There are services for social trading, a special page of statistics, where you can analyze in detail your trading indicators, as well as share the results with others.
For managing traders, the company provides convenient for trading MAM-accounts, and the presence of a purely agent license FCA makes Onetrade an excellent option for investors.
The company’s servers are located in Equinix LD5, London, UK.
Deposit/Withdrawal: bank transfer, credit/debit card, Skrill.
Available account currencies are EUR, USD, GBP.
ADVANTAGES OF ONETRADE:
- Purely agent FCA license, respectively, Onetrade – 100% STP broker;
- Insurance of the account up to 50K pounds sterling;
- Low minimum deposit;
- Small spreads and commissions;
- Fast execution, even on the news;
- Availability of MAM accounts for managers;
- Standard registration procedure, which does not require additional documents and questionnaires (it is necessary to provide 2 documents in total)
The main competitor is Darwinex. Also a British broker with an FCA license, but Onetrade has a number of advantages:
- Onetrade has narrower spreads;
- More tools available;
- In the Darwinex agreement, there is a clause about requotes, which is not a very positive signal; there are also restrictions on the number of open orders;
- Onetrade website is much more convenient than the competitor;
- Onetrade offers more products to its customers;
Demo account – http://trade.onetrade.com/demo
Real account – http://trade.onetrade.com/real
THE RESULT OF THE REVIEW OF ONETRADE
Onetrade is an excellent broker, combining favorable terms of trade, reliability and quality. A small initial deposit, excellent execution speed and the absence of any prohibitions and restrictions on trading strategies makes Onetrade an excellent choice for every trader. A convenient MAM-account system and FCA license makes Onetrade an excellent choice for managing traders.
On all questions concerning the company Onetrade or trading with it, leave an application on our site or add me to Skype – vovkfx.
If you have had experience working with Onetrade, write in the comments your opinion about this broker.
The next article will be devoted to one of the top ECN brokers from the UK.
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