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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 1986)
Author of OneTrade: Jacob | Date 2022-11-17
I have found a lot of errors on the OneTrade platform. As my order execution is always delayed and my position gets huge slippage in a fake price quote. So my trading isn’t profitable with them. I can't withdraw money through my Skrill account. So I say, the OneTrade platform is unreliable.
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Author of OneTrade: PipKonyol | Date 2021-10-13
I absolutely enjoy my trading with OneTrade because they are a reliable broker that provides an excellent trading system and a good platform. I feel comfortable trading with them, and they always hold a competition that supports the quality of its client trading. I traded as usually in currency pair USD/JPY, and I am really happy because the spread starts from 0,4 pips most of the time. I trade with variable success and can earn around 30% to 45% profit from my deposit in every trading. Besides, the withdraw I made by Credit/debit cards is coming very quickly and easily. Very favorable, and OneTrade is my favorite broker.
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Author of OneTrade: Zambura | Date 2021-10-06
OneTrade has very confusing rules on their agreement. Their spreads are very high and very hard to set up stop loss and take profit. They do a lot of slipping while you enter or close trade. Not good for a professional trader. This is totally unacceptable.
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Author of OneTrade: Darya | Date 2021-07-28
As a beginner, I appreciate the trading conditions of OneTrade. They have tight spreads and I can open trades with low lot size to minimize the risks. Their platform is also easy to use and their customer support service is available any time of the day.
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Author of OneTrade: William | Date 2020-09-21
OneTrade never give me any difficulties during my trading. They provide a good platform with fast execution, fixed spreads and easy to use, which makes me able to earn profit. They always process my withdrawal requests on time. Last time I made a withdrawal of $550 and I got it in 2 hours through Wire Transfer without any fees they charge. I recommend OneTrade to all traders who are looking for a reliable and honest broker.
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Author of OneTrade: Ecshan | Date 2020-08-14
They are not transparent, ethical and professional. Since 2 weeks ago I stopped my trading activities with this broker. I do not like what they serve to their customers. No benefit I got from here. Terrible service, no answer to e-mails. Useless people right here.
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Author of OneTrade: Kurisuti | Date 2020-06-09
I opened an account at OneTrade seven months ago but I also closed it recently because I am not earning well. Their spread is variable and it often goes too high that I lose the chance to earn at all. Their platform is stable but as a beginner, I cannot keep up with the cost of the trading activities. Maybe this broker is more suitable to professional and big traders.
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Author of OneTrade: Asnee | Date 2020-05-08
I have not gotten my money up till now. I didn't get my money back through Wire Transfer. I withdrew my winnings of USD $800 and never got it. It has been 2 months now. Although they will allow you to win your trades, but will not allow you to withdraw your money. I do not recommed this broker, their platform is difficult to use, trading conditions are not clear, and spreads are not competitive. And execution is not that good.
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Author of OneTrade: Ernesto | Date 2020-03-20
The spread at OneTrade is varying so much. It is sometimes difficult to make a trade during high volatility because the spread could go as wide as 15pips. Meanwhile, during a normal market condition, the spread is still relatively high compared with other brokers. I decided to close my account because of this. Thankfully, they let me go without any hassle and returned my remaining balance without charging any fee.
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Author of OneTrade: Bowo | Date 2020-02-03
One trade is a bad broker that have made me disappointed with any difficulties they create for traders in terms of trading, analysis is often not appropriate to the circumstances of the forex market which resulted in me losing quite a bit. Sometimes in a lot of profit when I suddenly reduced without any notice from them. I lost about $385 from my profit and I don't get the no deposit bonus they promise before. The trading platform is really bad, I was unable to set stop loss and limits because the trading platform that error and just kept saying "busy server". They also disable the execution during those high volatility. Whereas before, in a demo account the trading platform run fast and no error at all. I call the support, but they said that just a temporary repayment, and will give my profit within 24 hours. After 48 hours I didn't get any things.
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