One Financial Markets is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices and commodities.
To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, One Financial Markets offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 466201). One Financial Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. One Financial Markets has been established since 2007, and have a head office in UK.
Before we dive into some of the more detailed aspects of One Financial Markets’s spreads, fees, platforms and trading features, you may want to open One Financial Markets’s website in a new tab by clicking the button below in order to see the latest information directly from One Financial Markets.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Like most brokers, One Financial Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum spreads listed on One Financial Markets’s website. The colour bars show how competitive One Financial Markets' spreads are in comparison to other popular brokers featured on BrokerNotes.
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Spreads are dynamic and are for informational purposes only.
As you can see, One Financial Markets 's
minimum spread for trading EUR/USD is 1.00 pips - which is relatively high compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with One Financial Markets vs. similar brokers.
If you were to buy one standard lot of EUR/USD (100k units) with One Financial Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $18.19. Here’s a rough breakdown of the fees and how this compares against XTB & City Index .
| One Financial Markets | XTB | City Index | |
|---|---|---|---|
| Spread from: | $10.00 | $2.00 | $5.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $10.00 | $2.00 | $5.00 |
| $8 less | $5 less | ||
| Visit One FM | Visit XTB | Visit City Index |
All fees/prices are for informational purposes and are subject to change.
One Financial Markets offers over 111 different instruments to trade, including over 51 currency pairs. We’ve summarised all of the different types of instruments offered by One Financial Markets below, along with the instruments offered by XTB and City Index for comparison.
| FX / Currencies | One FM | XTB | City Index |
|---|---|---|---|
| # of forex pairs offered | 51 | 48 | 84 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | One Financial Markets | XTB | City Index |
|---|---|---|---|
| # of commodities offered | 0 | 21 | 26 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | One Financial Markets | XTB | City Index |
|---|---|---|---|
| # of Stocks offered | 0 | 1606 | 4500 |
| UK Shares | No | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes |
| See One FM's Instruments | See XTB's Instruments | See City Index's Instruments |
One Financial Markets offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. One Financial Markets also offer their custom ECN FX platform.
One Financial Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See One FM 's platforms
One Financial Markets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As One Financial Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, One Financial Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that One Financial Markets offers its traders on the right.
One Financial Markets support a wide range of languages including English, Arabic, and Spanish.
One Financial Markets has a BrokerNotes A support rating because One Financial Markets offer over three languages and email support.live chat support.phone support.
As One Financial Markets is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore One Financial Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with One Financial Markets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.onefinancialmarkets.com/ on 01/04/2019.
81% of retail investor accounts lose money when trading CFDs with this provider.
