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OneTrade review
OneTrade


On-line since: 2010
Country of origin: Great Britain
Regulation: FCA
Payment options: wire transfer, credit cards, Neteller, UnionPay, Skrill
Minimum account size: $100
Minimum lot size: 0.01
Leverage: up to 1:100
Spreads: floating, from 0 pips

About company:

OneTrade is a trading name of FxStat, which was founded in 2010 as a platform for social trading and analytics. FXStat was originally launched as an advertising page that hosted trading analytics. Then the creators added an option for automated trading, which increased the number of customers by more than 100,000 users.

Actually, the brokerage activity began in 2015, when the automated trading page OneTrade, based on the FxStat technology with more than 200 analytical functions and the Social trading option, was created.

OneTrade offers a single account with the NDD / STP trade execution model. The broker provides more than 90 instruments for trading: currency pairs, CFDs, commodities, and indices.

Trading conditions:

Minimum Initial Deposit

OneTrade offers an average in online trading initial deposit of $100. It is also possible to open a demo account where a customer will be given a virtual $10,000.

OneTrade offers competitive variable spreads of around 0.3 pips, while the brokerage commission will be $8. So, the trading costs are about 1.1 pips for a standard lot on EUR/USD, including commission.

Leverage:

The maximum OneTrade’s leverage rate is not so high in comparison with other brokers and makes only 1:100.

Trading platforms:

FxStat works with MT4, so it is no surprise that OneTrade supports this popular platform. Customers can use desktop, web and mobile versions. Developed by MetaQuotes, the MT4 platform offers a number of built-in technical indicators, analysis options, and interactive charts. The broker is highly valued by the community of traders mainly because it allows users to automate their transactions by developing their own trading strategies or using the ready ones.

As FxStat is a social trading network, OneTrade specializes in social trading. Clients can use the FxStat network to copy deals of other traders (not only in the OneTrade community), as well as to exchange their ideas.

Payment Methods

OneTrade offers its customers the following ways of depositing /withdrawing funds: wire transfer, debit /credit cards, as well as Skrill, Neteller, and UnionPay.

The broker accepts these currencies: GBP, USD, and EUR.

OneTrade 3/10 (votes 1984)
Comments Interested in other brokers?
Author of OneTrade: fxayooo | Date 2017-11-06
I finally closed my account OneTrade last week and I realize my mistakes choosing them. I traded with them 5 months, the first 2 months there was nothing wrong. But after I change my trading account type, I've faced several problems, especially with my withdrawals and most of them haven't been solved yet. during this time, I like to trade with them because they has best order execution quality that I have experienced on MT4. But when I have I had negative slippage almost every week for 10-15pips and bad withdraw process. I close my account. I think they not scam, but they should improve the trading system they had.
Author of OneTrade: LuisUlloa | Date 2017-10-10
After dealing with OneTrade broker in a Standard STP, I have been disappointed. Because they are expensive, If I opened a 0.01 size lot then they charge me $0.98 for Swa with 0.08 Commission. I say their service is low class due to the worst execution, always I had missed the perfect position to enter a trade due to unfair pricing. Also, I have experienced huge slippage, freeze platform and cheating activity on the MT4 platform. I was deposited to OneTrade with 100$ and I earned $140 profit, which unable to withdraw. Till now they have been canceled my six withdrawal request via Skrill. I think I have been lost my valuable time with them and make a decision that OneTrade is no more for my trading place.
Author of OneTrade: Nando | Date 2017-09-14
I don’t know what happens with this broker, I have had several losses 3 weeks ago due to collapses of the platform at the time of setting the prices. I set buy orders on EURUSD with corresponding SL and TP and the order was automatically changed to a sell order without my consent! The conditions were not adequate to fix sell orders, I had a loss of $230! That is not acceptable for me. I contacted to support team by chat, email, and phone but they are unreachable. I am really disappointed with this broker.
Author of OneTrade: Olsen | Date 2017-08-16
What happen One Trade ? Recently your platform gave me so bad headache with frozen disaster. More surprisingly, this broker also canceled my earning with cause a loss of $300. Are you joking? I think it was enough and this is a second time thing happened. I contacted to live chat but no response from support team, your line seem idling all the time. I contacted to hotline but also unreachable. This is non-sense and unacceptable. I am really disappointed with this kind of service and going to leave if nothing resolved. Please response quickly and be honest in the business. As a trader, I hope a fair collaboration and please be responsible. Still waiting for feedback at least return back the loss cause by your side. Thanks!!
Author of OneTrade: Fiorella | Date 2017-07-26
I am trading with this company since 2014 and no problems faced so far. It provides good promos, especially bonuses to start investing. I could get a bonus of $50 just to open a new account. Also, depositing and withdrawing is very easy to make, especially by Skrill. The commissions are low and I see my money in my account in a few hours.
Author of OneTrade: jamtabamta | Date 2017-07-06
I opened a Euro Account and made a deposit of 500euros via wire trasnfer.I have made my wire by mistake and they take 50 euros for charging. I am asking for the reason why is it there is a charge but they are not telling me the truth! this broker iwants my money and doesn't even care for their customers! stay away as much as possible!
Author of OneTrade: Simmons | Date 2017-06-16
I have traded in forex for 5 years and I work with many brokers. Last year, I chose to trade with OneTrade after testing their services. Thus, OneTrade provides good support and bonuses. I am pleased to trade with this amazing broker. My funds are deposited in a short time of period. When I registered account and made a deposit 300$, and I got almost 500$. I also earned some profit, and my withdrawal is smooth, without delays or issues just in 5 hours. Thus, OneTrade is the best broker. Their trading platform has clear view for the charts, lowest spread even during the news, no commission, no interests. Moreover, customer care is very helpful, and they are always ready to help me immediately whenever I got issues. Execution is fast and spreads are decent. I have been only with OneTrade for one year, but I don't have any complaints about trading forex with them. Sum up, I strongly recommend this broker – OneTrade to all traders

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