Onetrade Review 2024 (Expert Review)
Onetrade Review Summary
Onetrade is an online brokerage company with a focus on online trading. It is the perfect place for those who want to learn the ins and outs of investing. The broker offers a variety of programs that can help you find the right investment for you. The service is safe and secure. Onetrade is an excellent choice for those who are new to the stock market. There are also advanced trading options available through the platform. Another advantage of onetrade is that it provides a number of payment options. They accept credit cards, debit cards and wire transfers. You can deposit or withdraw funds with their secure servers. You can choose the payment method that suits your needs best.
Onetrade review
Onetrade Platform Features
๐บ๏ธ Country of regulation | Financial Conduct Authority (FCA) |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | No |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | 500 |
๐ Time to open a Onetrade account | 1-3 Days. *A Onetrade demo account can be opened in a few minutes, but live Onetrade trading account creation times will vary depending on how long it takes to process your Onetrade KYC documents. |
๐ณ Wire Transfer | No |
๐ Depositing with electronic wallet | No |
๐ฑ Number of base currencies supported | 1 |
๐ฎ Demo account provided | Yes |
๐๏ธ Financial Instruments offered | Forex, Commodities, Indices, Stocks, Crypto, Futures |
Onetrade review
Onetrade Financial Regulation
Onetrade is regulated by Financial Conduct Authority (FCA).
Onetrade review
Onetrade Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Onetrade include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Onetrade can be that the spreads offered on trading financial instruments (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
Onetrade review
Onetrade Advantages
One of the main advantages of using Onetrade is around the clock service and support as well as research offerings. Not only this, but Onetrade has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Onetrade with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Onetrade makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Onetrade offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- Onetrade has been in business over 10 years.
- Onetrade offers Neteller as a payment method.
- Onetrade offers Skrill as a payment method.
- Onetradeoffers Islamic Accounts.
- Onetrade offers ECN trading.
- Onetrade offers a Apple Mac desktop trading platform.
- Onetrade offers Spread Betting.
- Onetrade offers Hedging.
- Onetrade offers mobile trading applications.
Onetrade review
Onetrade Disadvantages
Although Onetrade has a lot of good points Onetrade does not offer the below.
- Onetrade does not offer Stock Trading (See Onetrade alternatives who offer Stock Trading here)
- Onetrade does not offer Cryptocurrency Trading (See Onetrade alternatives who offer Cryptocurrency Trading here)
- Onetrade does not offer PayPal as a payment method (See Onetrade alternatives who offer PayPal as a payment method here)
- Onetrade does not offer Bitcoin Trading (See Onetrade alternatives who offer Bitcoin trading here)
- Onetrade does not offer the MetaTrader 4 platform (See Onetrade alternatives who offer the MetaTrader 4 platform here)
- Onetrade does not offer the MetaTrader 5 platform (See Onetrade alternatives who offer the MetaTrader 5 platform here)
- Onetrade does not offer the cTrader platform (See Onetrade alternatives who offer the cTrader platform here)
- Onetrade does not offer Scalping (See Onetrade alternatives who offer Scalping here)
- Onetrade does not offer mobile trading applications (See Onetrade alternatives who offer mobile trading apps here)
- Onetrade has inactivity fees (See Onetrade alternatives who do not have inactivity fees here)
Risk Warning: Your capital is at risk.
Onetrade review
Things to understand when trading with Onetrade
Trading with Onetrade involves risk. You should only risk capital with Onetrade that you can afford to lose. Understand your risk tolerance with Onetrade, and have a trading strategy that Onetrade is able to help you execute. Onetrade is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Onetrade give you access too.
Onetrade review
Onetrade Trading Fees
Trading fees on Onetrade are taken in the form of the spreads Onetrade offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Onetrade. Onetrade fees vary depending on the financial instruments traded and can include, Onetrade overnight funding fees, spreads, margins and Onetrade inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Onetrade account charged by your 3rd party payment provider if your Onetrade base currency is different from your Onetrade withdrawal method.
Name | Onetrade | IC Markets | Roboforex |
Account Fees | No | No | |
Withdrawal Fees | varies | No | Yes |
Deposit Fees | No | ||
Inactivity Fee | No | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Onetrade review
Onetrade Financial Instrument Fees
Onetrade fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.
Onetrade review
Onetrade Stock Trading Fees
The majority of Onetrade trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Onetrade stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
Onetrade review
Onetrade Forex Fees
Commission on Onetrade Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Onetrade Forex fees is based on their trade size. To calculate Onetrade Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
Onetrade review
Onetrade Non Trading Fees
Onetrade non-trading fees include a variety of Onetrade brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the Onetrade trading platform. The most common non-trading fees include Onetrade withdrawal fees, Onetrade deposit fees and Onetrade inactivity fees.
Onetrade review
Onetrade Deposit Fees
Onetrade does charge deposit fees in some cases. When funding your Onetrade account there may be some Onetrade deposit fees which will vary depending on the payment method you use to deposit to your live Onetrade trading account.
Onetrade review
Onetrade Inactivity Fees
Onetrade does charge clients an inactivity fees for dormant Onetrade trading accounts. A Onetrade inactivity fee is a sum charged on Onetrade brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
Onetrade review
Onetrade Withdrawal Fees
Onetrade does charge Onetrade clients small withdrawal fees. Withdrawals fees vary between Onetrade and Onetrade alternatives depending on where you are located and how much money you are withdrawing.
Onetrade review
Onetrade Account Fees
Onetrade does not charge account fees. Account fees charged differ between Onetrade and other brokers. An account is a fee that Onetrade and other brokers assesses on all accounts for the ability to keep an account on their platform.
Onetrade review
Onetrade Account Opening
The Onetrade account registration process is simple, user-friendly, and quick. Within 1-3 Days most Onetrade trading accounts are ready for live trades. Our Onetrade account was validated in 1 day, but live Onetrade trading account verification times will vary depending on the time it takes to process your KYC documents and Onetrade trading account application. A Onetrade demo account can be opened in a few minutes.
Onetrade trading accounts are available in over 194 countries. Onetrade is restricted in the following countries.
Apart from the restricted countries a Onetrade trading account can be opened globally.
The Onetrade trading platform is available for residents in US. Some financial instruments Onetrade offer may be restricted in your country.
- Fast Onetrade account opening.
- Onetrade accounts can be opened and KYC can be verified digitally.
- Onetrade minimum deposit is 500 USD / GBP / EURO.
- Onetrade trading account verification may be held up for longer than a day if there is an issue with verifying your account.
Onetrade review
Onetrade Deposit And Withdrawal
Onetrade Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
GBP, USD, EURO are supported by Onetrade as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
Onetrade offers the following account GBP, USD, EURO.
When trading make sure your Onetrade trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Onetrade has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | Onetrade | IC Markets | Roboforex |
Number Of Currencies | Yes | 10 | 4 |
Base Currencies | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Onetrade review
Onetrade Deposit Fees and Deposit Methods
Investors can log in to their Onetrade trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Onetrade trading accounts from an existing bank account or send the funds through a wire transfer or online check.
Onetrade Deposit Fees
Making a deposit on your Onetrade account is free.
Onetrade Deposit Methods
There are several methods through which you can deposit money into your Onetrade account. One can use a credit or debit card and Onetrade accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Onetrade account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Onetrade account. Funding methods for Onetrade include Credit cards, Skrill, Neteller,.
Onetrade review
Onetrade Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your Onetrade brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Onetrade positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Onetrade account.
Name | Onetrade | IC Markets | Roboforex |
Funding Methods | Credit cards, Skrill, Neteller, | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
Withdrawal Fee | varies | No | Yes |
Deposit Fee | Varies | No | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Onetrade Fees When Withdrawing Your Account Balance
Onetrade do not charge withdrawal fees. Some withdrawal fees are out of the control of Onetrade and may be due to 3rd party payment providers and your account base currency.
Onetrade Withdrawal Methods
Log into your Onetrade trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Onetrade account to your bank account. To withdraw money from your Onetrade account you can use credit or debit cards. Onetrade processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Onetrade processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
Onetrade review
Onetrade Trading Platforms
As there are a number of tradable financial instruments available on the Onetrade trading platform. Before investing in the Onetrade platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Onetrade platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. Onetrade offer livechat, phone, and email support.
If you struggle with technology, you need to consider the level of support on Onetrade is available. Another thing to consider is your financial goals. Make sure that a Onetrade account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Onetrade account. Ensure that Onetrade allows you to focus on the type of trading that you want to focus on.
Make sure Onetrade is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Onetrade, think about how easy it is to use for your personal needs. Does the Onetrade platform offer real-time updates or delayed updates that are more informed? Remember to check if Onetrade is well regulated, and what tradeable financial instruments Onetrade has. Security is very important when it comes to trading with Onetrade.
Onetrade Web Trading Platform
A Onetrade web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Onetrade which acts as a financial intermediary. Onetrade is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the Onetrade mobile trading platform.
Onetrade Apple IOS Trading Platform
A Onetrade iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
Onetrade Google Play Android Trading Platform
A Onetrade Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
Onetrade review
Onetrade Mobile Trading User Experience
Onetrade mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Onetrade mobile trading refers to trading using a mobile phone.
Leading brokerages like Onetrade offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Onetrade portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Onetrade. Once you have download the Onetrade trading app, you are ready to begin.
Onetrade review
Onetrade Desktop Computer Trading Platform
A Onetrade computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Onetrade desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Onetrade desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
Onetrade MetaTrader 4
MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.
Onetrade PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using Onetrade. A trading computer with access to a Onetrade PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
Onetrade Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the Onetrade trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Onetrade trading platform is very user friendly on a Mac device.
Onetrade review
Onetrade Trading Look And Feel
The Onetrade user interface (UI) is what Onetrade traders will see and interact with first when trading with the Onetrade trading platform. The Onetrade is well designed. The goal of the Onetrade trading UI is to make the Onetrade user's experience intuitive. The Onetrade application has good user experience and a good level of customer satisfaction.
Onetrade Security
Onetrade is a secure trading platform. Onetrade offers traders security via 2 factor authentication, SSL encription when trading with Onetrade. Onetrade trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Onetrade. Rate limitation on Onetrade suspicious account activities is another layer of protection that is provided for Onetrade trading accounts, for example multiple failed login attempts with Onetrade. You have the option to further safeguard your account by using Onetrade Two-Factor Authentication (2FA), which provides an extra layer of security.
The Onetrade trading infrastructure is constantly watched and guarded by a trained team at Onetrade In addition, Onetrade never send sensitive information without first encrypting on the Onetrade trading platform using transport layer security (TLS) and SSL.
Onetrade review
Placing A Buy Or Sell Order On Onetrade
Available Onetrade order types. # market, limit, stop, stop limit, Good until end of day / canceled.
Onetrade Market Order
A Onetrade market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Onetrade market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Onetrade market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
Onetrade Limit Order
A Onetrade limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
Onetrade Stop Order
A Onetrade stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
Onetrade Stop Limit Order
A Onetrade stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Onetrade stop-limit order triggers a limit order when a stock price hits the stop level. A Onetrade stop-limit order can be helpful when trading if you are unable to watch your trades all day.
Onetrade review
Onetrade Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
Onetrade review
Onetrade Trading Platform Features
Online trading platforms like Onetrade are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Onetrade. The Onetrade trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Onetrade.
Onetrade Margin Trading
Onetrade margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Onetrade margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
Onetrade review
Onetrade Account Types
Onetrade Demo Account
Onetrade offers demo accounts that gives traders the ability to purchase and sell Onetrade financial instruments in a practice environment, using fake Onetrade digital money and live market conditions and data. When you practise on a Onetrade demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Onetrade platform. Onetrade demo accounts allow you to experience and practice a variety of market charts, Onetrade trading indicators, and trading strategies using Onetrade.
Onetrade Standard Account
Onetrade offers a standard trading account, allowing Onetrade traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Onetrade trading platform.
Onetrade STP Account
Onetrade STP (Straight Through Processing) account is a Onetrade trading feature that involves sending Onetrade client orders directly to the market without passing them through a dealing desk. A Onetrade STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.
Onetrade ECN Account
A Onetrade ECN (Electronic Communications Network) account is a pure order-matching execution system, where Onetrade, as a provider, charges a commission per Onetrade trade instead of inflating the spread, occurring more naturally within the Onetrade order-matching process. A Onetrade ECN is a financial intermediary that uses electronic communications networks to give Onetrade clients direct access to other participants in equity and currency markets. As an ECN broker, Onetrade only matches Onetrade trades between other market participants; it cannot trade against the Onetrade client.
Onetrade DMA Accounts
Onetrade Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the Onetrade financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, Onetrade might use direct market access to place trades themselves. Onetrade DMA accounts make individual contracts with each liquidity provider.
Onetrade Islamic Accounts
Onetrade islamic accounts respect Islamic finance law. Onetrade swap free accounts do not accumilate interest and Onetrade transactions are actioned immediately. A Onetrade Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using Onetrade following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with Onetrade Islamic accounts do not pay or receive interest rates.
Onetrade review
Onetrade Tradable Financial Instruments
Onetrade tradable financial instruments are the financial instruments that are specifically available to trade on the Onetrade trading platform. This refers to the different types of financial markets you can trade with through Onetrade. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Onetrade.
Name | Onetrade | IC Markets | Roboforex |
CFD Trading | Yes | Yes | Yes |
Stock Markets | 100 | 2100 | 53 |
ETFs | No | ||
Fractional Shares | No | Yes | |
Cryptocurrencies | No | Yes | No |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Onetrade review
Onetrade Trading Stocks
Stock trading with Onetrade is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Onetrade; if you possess the stock on Onetrade, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on Onetrade involves purchasing and selling stocks and share using Onetrade periodically in order to time trades against the stock markets, with the aim of using Onetrade to profit from your stock trading. Onetrade stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Onetrade. Stock traders on Onetrade conduct significant study, frequently dedicating several hours every day to market monitoring using Onetrade trading tools.
Onetrade review
Onetrade Trading ETFs
What Are ETFs
Onetrade does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
Onetrade does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
Onetrade review
Onetrade Trading Cryptocurrencies
Onetrade does not offer cryptocurrency trading.
Cryptocurrency trading is not offered by Onetrade, so you will need to find a Onetrade alternative that allows you to buy and sell the underlying cryptocurrency assets. Onetrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Onetrade alternative and make sure you undertand the risks fully before trading.
Onetrade review
Onetrade Forex Trading
Forex trading with Onetrade is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Onetrade. The main aim of Onetrade Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Onetrade. As a Onetrade Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Onetrade. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Onetrade. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Onetrade.
Onetrade review
Onetrade Commodities Trading
Commodity trading is a type of trading available on Onetrade where individuals or businesses buy and sell financial instruments using Onetrade related to commodities, such as metals or oil.
Onetrade review
Onetrade Options Trading
Onetrade options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Onetrade option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
Onetrade review
Onetrade Futures Trading
Futures trading with Onetrade is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Onetrade to facilitate the trade. A Onetrade futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Onetrade. Typically, futures contracts are traded on an exchange such as Onetrade; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Onetrade trader to the contract agrees to provide it.
Onetrade review
Onetrade Bonds Trading
Bonds trading on Onetrade is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Onetrade trader. Bonds can be bought and sold on Onetrade after they are issued. While some bonds are traded publicly through Onetrade, most trade over-the-counter between large broker-dealers like Onetrade acting on their clients' or their own behalf. Yield is therefore based on the Onetrade purchase price of the bond as well as the coupon.
Onetrade CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | Onetrade | IC Markets | Roboforex |
Forex CFD | 61 | 35 | |
Index CFD | 25 | 30 | |
Stock CFD | 110 | 8400 | |
ETF CFD | 30 | 50 | |
Commodity CFD | 20 | 20 | |
Crypto CFD | No | Yes | No |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Onetrade review
Onetrade Trading Research Tools
Taking advantage of Onetrade trading research tools which are designed to help traders analyse potential investments using the Onetrade trading platform. Some Onetrade research tools include charts, technical analysis, and Onetrade trading indicators.
Onetrade Trading News
Traders can follow the markets and make wise investment decisions on Onetrade by using the news to help form a strategy when it comes to choosing investments. A Onetrade news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
Onetrade Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Onetrade economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
Onetrade Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Onetrade fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
Onetrade Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Onetrade are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
Onetrade portfolios
Trading portfolios are useful when trading with Onetrade.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A Onetrade trading portfolio is a traders collection of investments, which may include a variety of Onetrade financial instruments.
Onetrade review
Onetrade Payment Methods
A Onetrade payment method is required to fund your Onetrade trading account before placing a buy or sell order on a financial instrument.
When trading with Onetrade, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Onetrade do not have any control over.
Name | Onetrade | IC Markets | Roboforex |
Payment Methods | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money | |
riskwarning | Try Now Your capital is at risk | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
Onetrade review
Onetrade Withdrawl Methods
When trading with Onetrade at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Onetrade account balance. Onetrade may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your Onetrade account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
Onetrade Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Onetrade account.
Withdrawal requests can take up to three business days to be processed by Onetrade.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your Onetrade should arrive in less than 24 hours.
Onetrade review
Onetrade Customer Support
Customer support represents the resources within the Onetrade company that provides technical assistance to its customers after they use the Onetrade service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
Onetrade offer email, livechat, phone, customer support.
Onetrade Email Support
Onetrade offers email support.
Email support is a a convenient method of Onetrade customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Onetrade regarding your support request.
Onetrade Livechat Support
Onetrade offers livechat support.
Onetrade live chat support is a way for customers to obtain help from Onetrade through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
Onetrade Telephone Support
Onetrade offers telephone support.
Onetrade telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Onetrade call centre to give or take information.
Onetrade Average Support Response times
Contact Method | Average Response Time |
---|---|
Onetrade Live Chat | 4 minutes |
Onetrade Email | 6 hours |
Onetrade Phone | 5 minutes |
We tested the customer service response times of Onetrade on Monday, December 23, 2024.
Onetrade review
Onetrade Educational Resources
Onetrade educational resources are used throughout the Onetrade learning environment to help and assist with customer's development and learning of trading on Onetrade. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Onetrade trading tools. Educational resources like some of the resources available with Onetrade are a good as part of a wider set of educational guides and information from else where online.
Some of the Onetrade trading guides and information that we found useful included forex trading courses, market psychology webinars, platform tutorials, daily news.
Onetrade Trading Platform Tutorials
Onetrade offer a range of learning resources and tutorials and guides made available to registered Onetrade users. The Onetrade guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Onetrade users on basic trading principles.
Onetrade Trading Videos
Onetrade offer a selection of online trading videos.
Trading videos on Onetrade help new and even more experienced investors gain insights into Onetrade technical analysis tools and how the different financial markets work when trading on Onetrade.
Onetrade trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs. Some Onetrade training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Onetrade to trade live financial markets.
Onetrade Webinars
Onetrade offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Onetrade clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Onetrade trading platform.
Onetrade review
Onetrade Financial Regulation When Trading
Financial regulations on Onetrade protect consumers' investments. Regulations prevent financial fraud and limit the risks that Onetrade as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Onetrade financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is Onetrade Regulated?
Onetrade is regulated by Financial Conduct Authority (FCA).
Onetrade is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Onetrade are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Onetrade investors, directly with financial regulators in your country.
Onetrade Regulatory Protection Limits
When registering with Onetrade you must check with regulatory body your Onetrade trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Onetrade account is over seen by. Onetrade client funds are stored in segregated 3rd party bank account in accordance with Onetrade financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
Onetrade Trading Signals
Onetrade does not offer trading signals in any form.Make sure you understand the risks of trading signals.
How does Onetrade make money?
Because Onetrade acts as an intermediary, Onetrade gets compensated on buy and sell transactions of financial instruments. As a result, Onetrade profit is determined by the volume and number of transactions. Onetrade earns revenue to fund their Onetrade platforms and wide range of trading services through market spreads.
Can you buy shares on Onetrade?
Onetrade does not provide customers with real company shares trading. Onetrade offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and Onetrade on the speculative up or down price movement on an agreed stocks price movement.
Does Onetrade offer Cryptocurrency?
Onetrade does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.
Onetrade Lower fees, lower costs?
Onetrade have reasonable trading fees and costs. Onetrade do not charge a deposit fee. Onetrade may charge a withdrawal fee. Some withdrawal fees are out of the control of Onetrade and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
Onetrade minimum deposit is 500 USD / GBP / EUR.
How to start your Onetrade account?
You can sign up for a live or demo Onetrade trading account by visiting Onetrade and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Onetrade account here.
How's the Onetrade trading app?
Onetrade allow traders to trade financial markets on Onetrade does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.
You can tryout the Onetrade trading app here. Your capital is at risk
Is the quality of Onetrade customer service satisfactory?
Onetrade have average customer support offering support through email, livechat, phone, support options.
Is this broker good for new traders?
Onetrade is a good trading platform for new traders as Onetrade offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from Onetrade?
Onetrade offer a good selection of withdrawal options. Once Onetrade have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best Onetrade Alternatives Reviews
If Onetrade isnt quite what you are looking for you can check out some of the best Onetrade alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
- AvaTrade Review (read our in depth 2024 review)
Best Onetrade Alternatives In Detail
If you would like to see Onetrade compared agains some of the best Onetrade alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)