OneTrade Review

| June 5, 2016 | 1 Comment

Company Overview

Operating out of the United Kingdom, OneTrade is an online brokerage firm that provides trading options for forex, indices, metals, and Contracts for Differences (CFDs). OneTrade is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. It firmly believes in 100% transparency when it comes to conducting its business, which is evident from its transactions. Users can trade more than 50 forex pairs on high leverage so as to maximize their profits. It also permits the trade of various global commodities including oil, gold, and silver with brokers offering 100% DMA/STP execution. Quite simply, OneTrade is a professional brokerage for professionals, which is evident from its business model and trading policies.

Trading Platform

When it comes to trading platforms, OneTrade has provided the option of two to choose from: MetaTrader 4 and WebTrader. MetaTrader 4 is a multi-award winning trading platform which is widely regarded as one of the best trading platforms in most online trading communities. It offers a user-friendly interface along with multilingual support. It also allows users to trade in the market on an NDD (No Dealing Desk) basis, which ultimately boosts the speed of execution of transactions.

Another reason for the popularity of MetaTrader is that its applications are available across multiple mobile platforms including iOS, Android, and Windows Phone. These apps allow traders to view the market on the go and adjust and adapt accordingly so as to maximize their profits which, in turn, enables users to capitalize on the slightest variations in the market while never being bound to their computer screens.

An alternate to the MetaTrader platform is WebTrader, which also allows users to trade forex and other commodities. The biggest selling point of the WebTrader trading platform is that it does not require any lengthy downloads or installation. It is available to use from the get-go. Users can just log onto the website and start trading within seconds.

Features

  • Leverage of up to 1:100
  • Minimum initial deposit 100 USD
  • More than 50 forex pairs
  • Spreads from zero pips on most currency pairs
  • 100% STP/DMA
  • Fast execution
  • Trade from 0.01 lots
  • Manage all your trading and portfolios from one account
  • No markup
  • Least commissions
  • Demo accounts available

Customer Support

OneTrade understands the importance of customer satisfaction, which is why it has integrated such an extensive customer support program on its website. It encourages users to register their complaints via phone, mail or email. Moreover, users can use the live chat feature on the firm’s website, which enables them to communicate with expert professional advisors. Heeding to their priceless advice enables new beginners to hone their skills and ultimately make the largest profits possible.

Conclusion

With its 100% transparency in all its policies, OneTrade is one of the most trustworthy brokers when it comes to foreign exchange. It offers very low spreads, and orders are executed in milliseconds. Moreover, with its fast transaction speed, it minimizes slippage which is quite desirable for all traders.

Office website: https://onetrade.com/

Category: Reviews

Comments (1)

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  1. Ashish says:

    Well guys i m trading with this broker from last 1 year . Before i think 6-7 month the broker was quite good very good top level feed and execution but after few month the broker given worst condition than even a b-book broker huge slippage i saw 45$ slippage in one day on small normal news time. But in this GBP Crises on Friday 7 Oct 2016 broker played very dangerous it given low of 1.1100 in GBPUSD and blown my account and the most shocking part is it closed my trade at 300 pips difference even the price has not touched the nearest level just to make my account zero. I am very normal long term trader so my lot was very small only 0.20 on 10K account and he burned full account while in my all other accounts with other brokers my trades are safe and running normally. I talked with them on this issue they given me example of some IGMarket broker they said igmarket given 1.0900 low. I was really surprised with their answer. Be careful now broker playing bad games.

    Thanks

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