One Financial Markets broker review: A broker with average spreads and excellent education

onefinancialmarkets.com
nika
Written by:
Av
konstantinrabin
Calendar
Written on:
26 March 2023
Date
Last edit:
25 April 2023
Our rating:
7.36

7.36

One Financial Markets broker review: A broker with average spreads and excellent education

onefinancialmarkets.com
nika
Written by:
Calendar
Written on:
26 March 2023
Date
Last edit:
25 April 2023
Our rating
7.36

7.36

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Main summary

One Financial Markets is a regulated Forex and CFDs broker that offers over 580 trading instruments in various markets, including Forex, cryptos, commodities, shares CFDs, and indices. The broker name is a brand owned and operated by Axi Financial Services (UK) Ltd. they are operating mainly in the UK, but are offering their services to African countries too under the FSCA regulations of South Africa. 

The broker was first established in 2007 and has been offering trading services ever since. With competitive spreads for currency trading and more than 20 cryptos provided, One Financial Markets seems a legit broker worthy of reviewing and researching. 

One Financial Markets has won multiple awards over the years of its existence including:

  • Best Customer Service, 2018
  • Top International Forex Broker, 2015
  • Best Education Product
  • Best Broker - Online Trading
  • Broker of the Year

One Financial Markets is a legit broker that offers shares as CFDs from U.S., EU, and UK markets. Spreads are pretty average on Forex trades starting from 1.1 pips for major pairs and shares commissions are low. However, the commissions are expensive for indices and commodities trading. We shall review fees in more detail below.

Pros & cons of One Financial Markets broker

  • Ability to deposit and withdraw with $0 fees
  • Offers access to MetaTrader 4 and MetaTrader 5
  • Fast and digital account opening/verification
  • Provides access to more than 550 instruments
  • Relatively High fees
  • Charges inactivity fees

One Financial Markets Fact sheet

Main features
Regulations UK, South Africa
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 25 USD annually after 12 months of inactivity
Minimum deposit 250 USD
Minimum account activation 250 USD
Number of available assets 580
Leverage up to 1:30 400:1 for professional account
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, Forex, Indices
Account currencies 9 USD, EUR, GBP, ZAR, AED, HKD, JOD, KWD, SGD
Demo account Yes
Live account types Standard, Professional
Islamic account Yes
Security
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Assets
Forex 64
Shares 0
Cryptocurrencies 28
Indices 16
Commodities 14
Total 580
Fees & spread
Forex From 1.1 pips
Shares N/A
Cryptocurrencies From 0.0034
Indices From 10 pips
Commodities From 13 pips
Software
Platforms MetaTrader 4, MetaTrader 5
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Credit/Debit Card, E-wallets, Fasapay, Neteller, Skrill
Minimum deposit Bank Transfer, Credit/Debit Card, E-wallets, Fasapay, Neteller, Skrill
Minimum withdrawal Bank Transfer, Credit/Debit Card, E-wallets, Fasapay, Neteller, Skrill
Withdrawal processing time instant
Time to open an account 1 day
Show all

Safety & Security of One Financial Markets

The negative balance protection is only for Standard accounts, and professional accounts will have to provide additional funds in case they go into a negative balance.

One Financial Markets is a regulated broker and there are two authorities to oversee its activities, namely:

  • Financial Conduct Authority (FCA) - in the UK
  • Financial Sector Conduct Authority (FSCA) - in South Africa

The UK’s FCA is one of the strictest regulators in the world and when a broker is regulated under its laws traders can be sure their money is in safe hands. 

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Account types available for traders on One Financial Markets

There are two accounts available for One Financial Market’s clients, Standard and Professional. The difference is mainly in minimum deposits, spreads, and commissions. The Standard account is aimed at retail traders, while Professional account holders are required to have more capital, at least $1,000. Since there is no negative balance protection for Professional accounts, beginners should start with Standard accounts to avoid problems. The leverage available is 1:30 for Standard account holders and up to 1:400 for Professional accounts. Trading with leverage this high without negative balance protection increases the risks involved as it is possible to become indebted to the broker. Both accounts come with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms.

Fees & commissions review of One Financial Markets

Comparing One Financial Markets fees with other brokers

One Financial Markets fees compared to Interactive Brokers fees

Type of FeeOne Financial MarketsInteractive Brokers
EUR/USD SpreadFrom 1.1 pipsFrom 0.6 pips
Fees on Deposits0 USD1%
Inactivity fee25 USD yearly, after 12 months of inactivityNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

One Financial Markets fees compared to CM Trading fees

Type of FeeOne Financial MarketsCM Trading
EUR/USD SpreadFrom 1.1 pipsFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee25 USD yearly, after 12 months of inactivityYes, 15 EUR/USD per month after 60 days of inactivity

One Financial Markets fees compared to plus500 fees

Type of FeeOne Financial Marketsplus500
EUR/USD SpreadFrom 1.1 pipsFrom 0.8 pips
Fees on Deposits0 USDNo
Inactivity fee25 USD yearly, after 12 months of inactivityYes, 10 USD per month after 3 months of inactivity

One Financial Markets fees compared to XM fees

Type of FeeOne Financial MarketsXM
EUR/USD SpreadFrom 1.1 pipsFrom 0.6 pips
Fees on Deposits0 USDNo
Inactivity fee25 USD yearly, after 12 months of inactivityYes, 15 USD after 12 months, +5 USD/m

One Financial Markets fees compared to AvaTrade fees

Type of FeeOne Financial MarketsAvaTrade
EUR/USD SpreadFrom 1.1 pipsFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee25 USD yearly, after 12 months of inactivityYes, 50 USD after 3 months, 100 USD administration fee after a year

One Financial Markets fees compared to Capital.com fees

Type of FeeOne Financial MarketsCapital.com
EUR/USD SpreadFrom 1.1 pipsFrom 0.9 pips
Fees on Deposits0 USDNo
Inactivity fee25 USD yearly, after 12 months of inactivityYes, 50 USD after 3 months, 100 USD administration fee after a year

Trading platforms and mobile trading reviewed at One Financial Markets

There are two main platforms available for trading at One Financial Markets, MT4, and MT5. While both are advanced professional platforms, MT5 is a newer version of the MT4 with slight updates over the previous generation. That being said, MT4 still is a widely-used and respected platform and offers almost the same functionality as MT5. The broker offers fast execution and custom indicators to their clients. The MT5 platform from One Financial Markets comes with 38 inbuilt indicators, 44 graphical objects, 21 timeframes, an economic calendar, hedging, and inbuilt community chat functionality. MT5 is also multithreaded and offers real ticks data, a bit of improvement over the MT4, making it a bit more comfortable to trade from. 

Education and research tools offered by One Financial Markets

There is a dedicated button called Academy on the One Financial Markets website that delivers educational materials and trading tools. Educational resources include:

  • Trading Glossary - All financial trading terms in one click
  • Yasmeen Society - An exclusive women empowerment in a business forum, that aims to teach women to be better investors and traders, through structured education on the world’s financial markets.
  • Investment strategies - Here you will find mainly market analysis and upcoming news
  • Live trading seminars - experts provide educational seminars for trading from various countries

Additionally, to the educational materials, there is a newsroom where additional tools are provided for traders including an economic calendar, market news, and company news. One Financial Markets also offers advanced tools like trading central, One indicator, and MT4 Expert Advisors to their clients. 

Customer support of One Financial Markets

Live chat is available 24/5 and the website is multilingual. Live chat also supports multiple languages which are spoken in countries where the broker is operating. Clients can contact the broker directly via phone, leave a message, or use email. One Financial Markets’ office is located in London, and it is also working 24/5 assisting traders if needed whenever needed. Live chat representatives are polite, responsive, and have advanced knowledge of their broker’s offered services and financial products. It was easy for our team to gather all the vital information to conduct this review from the broker’s representative.

Conclusion

One Financial Markets is a regulated Forex and CFDs broker located in London. The broker is legit and offers competitive services with average spreads and commissions on Forex, CFDs, and cryptos. Commodities and indices are a bit expensive. Traders can use the MT4 and MT5 platforms for trading, and there are two main account types, namely Standard and Professional, offered by the broker. A Standard account has negative balance protection while a Professional account is not offering such a feature, making it riskier to trade on the Professional account. The broker excels in the quality of educational materials and offers advanced trading tools including indicators and EAs. Women are encouraged by the broker’s Yasmeen Society educational forum. Support is multilingual together with the website and offers good overall value to its users. This broker has multiple awards under its belt, related to its excellent customer service and trading educational products offered. All in all, One Financial Markets is a well-established broker that has been successfully going for more than a decade, and is a decent choice for those who are shopping to find a new place to trade. 

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FAQs on this One Financial Markets review

Is One Financial Markets a legit broker?

One Financial Markets is a UK and South Africa-regulated broker that offers negative balance protection and average spreads and commissions. Security and safety-wise, the broker is legit and the FCA ensures it stays fair to its customers while offering quality trading and educational products to its customers. 

Can I withdraw profits on the same day on a different card?

While it is possible to withdraw money within 24 hours of the request, the funds will be transferred to the same bank card that was used when depositing funds. This is in place to avoid legal issues and prevent money laundering. The UK’s FCA is a strict regulator and the broker abides by its rules when it comes to withdrawals. 

Is One Financial Markets’ educational resources worthy of consideration?

The broker seems very dedicated to offering quality educational materials to all traders, with some of its classes targeting empowering women in the financial world. The broker offers live seminars for everyone and has a vast database of articles and tutorials on its website. It also holds an award for providing the best educational product. While being regulated in the UK and offering high-quality educational and research tools, it is a good idea to consider the broker’s seminars and other learning materials.