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OneTrade reviews




Average: 3.2 based on 6 reviews
3.166665
OneTrade

OneTrade  Forex broker reviews

  • Website:
  • Year since: 2010
  • Headquarters: United Kingdom
  • Company registration: FxStat Ltd. (reg.#07212997), England and Wales
  • Regulation: FCA UK (#537787)

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REVIEWS & RATINGS

Rating interpetation



USA

January 5, 2017



5 Total
1 year with this Broker
2


Wow the Swap on this broker is crazy expensive... open a 0.01 size lot with a -0.08 Commission and they charge me -0.98 for Swap... I wouldnt recommend this broker for long term traders.

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India, Ashish

October 10, 2016



live 8years Total
1 year live with this Broker
1


Well guys i m trading with this broker from last 1 year . Before i think 6-7 month the broker was quite good very good top level feed and execution but after few month the broker given worst condition than even a b-book broker huge slippage i saw 45$ slippage in one day on small normal news time. But in this GBP Crises on Friday 7 Oct 2016 broker played very dangerous it given low of 1.1100 in GBPUSD and blown my account and the most shocking part is it closed my trade at 300 pips difference even the price has not touched the nearest level just to make my account zero. I am very normal long term trader so my lot was very small only 0.20 on 10K account and he burned full account while in my all other accounts with other brokers my trades are safe and running normally. I talked with them on this issue they given me example of some IGMarket broker they said igmarket given 1.0900 low. I was really surprised with their answer. Be careful now broker playing bad games.

Thanks

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Mark

September 12, 2016



3 year Total
1 year with this Broker
5


Good and reliable broker (FCA license) with great trading conditions and fast execution. Good choice of instruments. Low spread and commission. Really cool broker for serious traders. Reccomended!

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Master, UK

December 14, 2015



2 years Total
3 months with this Broker
5


Good broker with tight spreads and many different trading tools. There was a problem with my docs, but my manager solved it very quick. Quite fast execution and no requotes, so did not have many problems with them. Also has some regulators and licenses. Find me in skype, vovkfx, if you don’t know what broker to choose.

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Germany, S.K.

November 24, 2015



6 years Total
1 month with this Broker
1


After a few weeks I traded with them, they cancel 90% of my swaps. They wrote me:
"I am writing to notify you that the amount of swap credited to your account xxxx, for open positions in TRYJPY has been adjusted.
This because the swap rate for the TRJPY currency had, unfortunately, been entered incorrectly in our system, meaning you were receiving a much larger daily swap amount than you should have.
This problem has now been rectified, which has unfortunately meant that the amount of swap you will see for open positions is much smaller than before."

They can cancel every time your swap Profit. So stay away with this scammer.

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UK, Simon

September 18, 2015



5 years Total
2.5 months with this Broker
5


So far great. Happy with execution, service and the fact it is FCA regulated.

I've traded with several brokers in the past, US, Cyprus and UK. Couple of them been Cyprus based broker and started to stay completely away from CySec (Cyprus) registered brokers.

Been very happy with onetrade service and execution. Very fast execution. experienced team available for support. Also like the simplicity of the client area where they have mixed it with Webtrader and performance track record. So with the same account as client you have multi currency wallet, multi currency trading account, same account connected via Web, MT4 and mobile and also each account has a performance page.

I have managed to get a really good deal from them based on their volume discount promotion. Been paying higher commission at the beginning as I had a small account for testing. Now I am on lower commission as I have moved my account to them and trading much highier volume. I am scalping and it was a concern to me as many brokers don't really like that. I have clarified it with them to be assured and seems no issue.

The only issue I had was in the beginning when I opened my account was the time for getting the account setup. It took 25 hours to get the account setup and at the time they didn't have credit card for funding which recently I noticed you can fund via credit card. But not for me as I have fund via bank transfer due to larger account size.

I guess they need to work more on the speed of account opening which I don't know if it is been fixed or not.

All and all it was worth my waiting and I hope they keep the same quality and execution.

Simon

Tags: OneTrade reviews
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