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