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One Financial Markets Review
One Financial Markets provides FX trading services. They provide traders with access to a wide range of assets in a number of markets, including currencies, indices, and commodities.
Pros
- Regulated by Financial Conduct Authority
- Established in 2007
- Segregates client funds
- Min. deposit from $250
Cons
- Not ASIC Regulated (See alternatives)
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
A minimum deposit of $250 is required to create a live account. One Financial Markets, on the other hand, provides a demo account that you may use to exercise and become acquainted with their platform.
Regulated by the Financial Conduct Authority in the United Kingdom(FRN: 466201), One Financial Markets places all customer money in segregated bank accounts with tier-1 institutions. One Financial Markets was founded in 2007 and has its headquarters in the United Kingdom.
While we show you the specifics of One Financial Markets’ spreads, fees, platforms, and trading features, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from them.
Full disclosure: If you join up with a broker through one of our links, we may get a commission.
What are One Financial Markets’s spreads & fees?
One Financial Markets, like most brokers, charges a fee based on the spread, which is the difference between both the buy and sell price of an item.
The charges and spreads mentioned here are based on the minimum spreads stated on the website of One Financial Markets.
| Forex | One Financial Markets | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 1 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.2 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 1 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 1 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 1.4 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1 pips | 0.5 pips | 0.1 pips |
Spreads are dynamic and are for informational purposes only.
As you’ll see, the minimum spread for trading EUR/USD at One Financial Markets is 1 pips, which is relatively high when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with One Financial Markets to similar firms.
How much does it cost to trade 1 lot of EUR/USD with One Financial Markets?
If you bought one standard lot of EUR/USD (100,000 units) with One Financial Markets at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $18.19. Here is a general breakdown of the fees and how they compare to IG and XTB.
| One Financial Markets | IG | XTB | |
| Spread from: | $ 10.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 10.00 | $ 6.00 | $ 2.00 |
| $4 less | $8 less | ||
| VISIT ONE FM | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with One Financial Markets?
One Financial Markets provides over 111 different trading products, including over 51 currency pairings. We’ve detailed all of the main types of instruments offered by One Financial Markets below, along with comparisons to IG and XTB.
| FX / Currencies | One FM | IG | XTB |
| # of forex pairs offered | 51 | 90 | 48 |
| 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 | IG | XTB |
| # of commodities offered | 0 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | One Financial Markets | IG | XTB |
| # of stocks offered | 0 | 8000 | 1606 |
| 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 IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What is the trading experience like at One Financial Markets?
1) Platforms and apps
One Financial Markets provides the well-known MT4 forex trading software. See our MT4 broker comparison for a list of the best MT4 brokers. They also provide a bespoke ECN FX platform.
They now have mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
Still unsure?
Open a practise account and begin learning to trade.
2) Executing Trades
One Financial Markets allows you to perform a 0.01 Lot deal. This may differ based on the type of account you establish. The maximum trading requirements differ based on the trader and the instrument. Because they provide ECN and STP execution, you may anticipate exceptionally narrow spreads and more visibility over the price you pay to execute your transactions.
One Financial Markets, as a market maker, may have lower entrance criteria than an ECN broker, which earns from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trading requirements, and no trade commission.
Margin requirements vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.
Finally, we’ve included a list of some of the most common funding options that One Financial Markets provides to its traders below.
Trading Features:
- Allows hedging
- Offers STP
- Allows scalping
- Low min deposit
Accounts offered:
- Standard account
- ECN account
- Demo account
- Mini account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Payoneer
- Neteller
3) Client support
One Financial Markets offers support in a variety of languages, including English, Arabic, and Spanish.
4) What you’ll need to open an account with One Financial Markets
Because One Financial Markets is regulated by the Financial Conduct Authority, every new customer must go through a few simple compliance checks to verify that you know the implications of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so keep it handy:
- A utility bill or bank statement from the past three months showing your address
- A scanned colour copy of your passport, driving license or national ID
You’ll need to complete a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse their site immediately, it is essential to note that you will not be able to conduct any transactions until you pass compliance, which might take several days depending on your situation.
To begin the process of creating an account with One Financial Markets, go to their website.
79% of retail investor accounts lose money when trading CFDs with this provider.
