One Financial Markets Review
One Financial Markets is an online broker that offers execution only services for investors who want to trade in Forex and CFDs (Contracts for Difference), and a number of other instruments. One Financial Markets is the online trading name of a company called CB Financial Services, which is registered in the UK. Founded in 2007, it is licensed and regulated by the FCA, but has actually achieved rather a good reputation in the Middle East. Partly due to its trading conditions and facilities aimed at meeting the requirements of Arabic clients, and the location of several offices in Dubai, Abu Dhabi, Kuwait, and Jeddah in Saudi Arabia. With One Financial Markets, traders have the choice of 50 currency pairs, including the majors and a few exotics, CFDs, bullion, indices, treasuries, commodities, energy, and exchange traded futures. The broker’s site is available in 7 languages, and as well as aiming their services at retail clients there are also a number of products structured specifically for institutions. These are called ‘White Label’ services.
|Forex, indicies, commodities, shares|
One Financial Markets offer two types of account
The website of One Financial Markets claims to have an account for all kinds of trader. But really they only offer two, which is bound to leave some types of trader a touch disappointed. Nevertheless, these two accounts have so far been able to cater to a growing number of clients. First there is a Standard account, with a minimum deposit if $250. Liquidation level is set at 10%, and the lowest margin required is 0.25%. With this account traders can trade commodity CFDs, Index CFDs, and Futures CFDs, and there is the option for this account to be a Forex only account.
One Financial Markets also offers an ECN account, which of course is a Forex only trading account. Minimum opening balance is $5,000, and margin call is set at 175%. Liquidation level is 125%, and the lowest margin requirement is 2%. This account only operates using the MT4 trading platform.
Trading platforms include the popular MT4 and One Web Trader
There aren’t many modern brokers who are brave enough to operate without the popular MetaTrader as one of their platforms, and One Financial Markets isn’t any different. MT4 is a world leading platform, and many traders prefer to use it. But there is also ONE Web Trader, that has been designed to complement their current desktop and mobile platform. Web Trader is a browser based platform and allows access to accounts from any desktop computer. It includes free technical analysis tools with technical indicators, access to full account history, and trades from charts.
For traders who want to trade using the latest mobile device there is MT4 mobile. It allows traders to place orders, retrieve account information, and monitor positions, wherever they might be. Providing, of course, there is a stable internet connection.
Refer a Friend and Little Traders are the only promotions currently available
If you’ve got a friend that might be interested in signing up with One Financial Markets there is a Refer a Friend bonus that will tempt you to recommend they do so straight away. If they successfully open an account, deposit funds and start trading, there is up to $350 in bonus trading money waiting to be grabbed. The friend who signs up will also be entitled to a trading bonus of up to $300.
Little Traders is a free new mobile app that gives you the opportunity to invest in the crazy 1920s Stock Market. As you participate and keep trading a number of special bonuses will be revealed.
Customer support available 24/5
The offices of One Financial Markets are open 24 hours a day, 5 days a week. There are a number of dedicated phone numbers, depending on the nature of your query. There is also a live chat option, and the choice to send an email should you prefer this type of contact. With regards educational material for the novice trader, One Financial Markets has a lot to offer in their Academy. There is a basic introduction to the markets which covers getting started, financial markets, market participants, types of product and investor. And the Academy also covers much more complex subjects such as trading psychology, and investment strategies. One Financial Markets have also teamed up with Lex van Dam, one of the UK’s most respected hedge fund managers and trading educators. Start trading with One and you get $500 of his specialist training for free.
All the major payment methods are supported such as Visa, Mastercard, Solo, Switch, Maestro, bank and wire transfer, Neteller, and Skrill. Clients based in the United Arab Emirates can make payments via the UAE Exchange.
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