The One Financial Markets group of companies is a trade brand of CB Financial Services Ltd, a UK registered company with number 6050593. The broker has branches in the Middle East, Europe, South America and Asia, each of which is regulated by local financial authorities. One Financial Markets provides its clients with a wide range of trading instruments (Forex, Cryptocurrencies, CFDs, Metals and Commodities) for trading on two types of accounts.
UK regulation presupposes strict oversight and rules. To obtain a license, a broker must provide proof of financial stability and fulfill numerous requirements. For example, customer funds must be kept in segregated bank accounts, and the capital of the company itself must be at least € 730,000 to operate legally.
Licensing in Hong Kong can be attributed to the advantages of the broker, as it increases its reliability in the eyes of potential clients. The licensing procedure in this country is rather lengthy and complicated. Plus, the company's capital must be at least HK $ 5 million.
In addition, the FCA regulation provides an additional guarantee for customer funds, as they are covered by the Financial Services Compensation Scheme (FSCS).
Trading conditionsMinimum initial deposit
One Financial Markets offers its clients two types of accounts to choose from: Standard and Pro. To open a standard account, you need to deposit $ 250. To open a professional account, you need to deposit $ 1000.
Average spreads and commissions
On the company's website, they pay attention to the fact that all spreads are floating and depend on the underlying market prices. No commission is charged when trading on a standard account.
However, the trader will still have to pay a commission if the position is held overnight.
In addition, the broker will charge an inactive account for 12 months or more of $ 25 / £ 20 / € 20.
The minimum leverage for all trading instruments offered by One Financial Markets is 1: 400. However, there is information on the site that the leverage is 1:30 on a standard account.
The broker offers its clients the MetaTrader 4 trading platform, popular in the Forex industry, which is presented to traders in its various versions. Earlier in 2014, the company offered its clients a unique feature - the ability to create their own trading platform using the Tradable application. However, this year there is no such information on the broker's website.
In the section "Promotions", the broker writes about the opportunity to receive welcome bonuses or take part in a promotion or a drawing. However, the company's website does not offer more detailed information.
One Financial Markets customers can deposit and withdraw funds from their accounts using credit / debit cards (VISA, MasterCard, Solo, Switch, Maestro and LaserCard accepted), bank transfers, electronic payment systems (Safecharge, Neteller, Skrill, FasaPay, Linkpay, eWallet), as well as through the UAE exchange (for clients from the United Arab Emirates and Kuwait).
Criticism of traders
One Financial Markets gives the impression of being a reputable global broker offering a wide range of financial instruments to trade.
regulated in Great Britain, Hong Kong developed financial services compensation scheme MT4 available and its variations provide training
lack of fixed spreads lack of specific information on many topics
ONEFINANCIAL_MARKETS is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker ONEFINANCIAL_MARKETS makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. ONEFINANCIAL_MARKETS received a score of 1 of 5 on our resource.