ONEFINANCIAL_MARKETS

About company:

The One Financial Markets group of companies is a trade brand of CB Financial Services Ltd, a UK registered company with number 6050593. The broker has branches in the Middle East, Europe, South America and Asia, each of which is regulated by local financial authorities. One Financial Markets provides its clients with a wide range of trading instruments (Forex, Cryptocurrencies, CFDs, Metals and Commodities) for trading on two types of accounts.

 

Fund security

UK regulation presupposes strict oversight and rules. To obtain a license, a broker must provide proof of financial stability and fulfill numerous requirements. For example, customer funds must be kept in segregated bank accounts, and the capital of the company itself must be at least € 730,000 to operate legally.

 

Licensing in Hong Kong can be attributed to the advantages of the broker, as it increases its reliability in the eyes of potential clients. The licensing procedure in this country is rather lengthy and complicated. Plus, the company's capital must be at least HK $ 5 million.

 

In addition, the FCA regulation provides an additional guarantee for customer funds, as they are covered by the Financial Services Compensation Scheme (FSCS).

 

Trading conditionsMinimum initial deposit

One Financial Markets offers its clients two types of accounts to choose from: Standard and Pro. To open a standard account, you need to deposit $ 250. To open a professional account, you need to deposit $ 1000.

 

Average spreads and commissions

On the company's website, they pay attention to the fact that all spreads are floating and depend on the underlying market prices. No commission is charged when trading on a standard account.

 

However, the trader will still have to pay a commission if the position is held overnight.

 

In addition, the broker will charge an inactive account for 12 months or more of $ 25 / £ 20 / € 20.

 

Minimum leverage

The minimum leverage for all trading instruments offered by One Financial Markets is 1: 400. However, there is information on the site that the leverage is 1:30 on a standard account.

 

Trading platform

The broker offers its clients the MetaTrader 4 trading platform, popular in the Forex industry, which is presented to traders in its various versions. Earlier in 2014, the company offered its clients a unique feature - the ability to create their own trading platform using the Tradable application. However, this year there is no such information on the broker's website.

 

Bonuses

In the section "Promotions", the broker writes about the opportunity to receive welcome bonuses or take part in a promotion or a drawing. However, the company's website does not offer more detailed information.

 

Payment methods

One Financial Markets customers can deposit and withdraw funds from their accounts using credit / debit cards (VISA, MasterCard, Solo, Switch, Maestro and LaserCard accepted), bank transfers, electronic payment systems (Safecharge, Neteller, Skrill, FasaPay, Linkpay, eWallet), as well as through the UAE exchange (for clients from the United Arab Emirates and Kuwait).

 

Criticism of traders

One Financial Markets gives the impression of being a reputable global broker offering a wide range of financial instruments to trade.

 

Pros:

 

regulated in Great Britain, Hong Kong developed financial services compensation scheme MT4 available and its variations provide training

 

Minuses:

 

lack of fixed spreads lack of specific information on many topics