One Financial Markets and Their MetaTrader 4 and MetaTrader 5 Platforms

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One Financial Markets is a regulated forex and CFD brokerage that offers nearly 600 instruments for online trading, including currency pairs, commodities, indices, stocks, and cryptocurrencies. The company was established in 2007 and claims to be distinguished by competitive spreads on forex trading instruments.

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in the United Kingdom and authorized and regulated by the Financial Conduct Authority (FCA) under reference number 466201. In addition, the company is also authorized by the Financial Sector Conduct Authority (FSCA) in South Africa with number 45784.

There are two types of real accounts available to One Financial Market customers, Standard and Professional. The difference is mainly in the minimum deposits, spreads and commissions.

The Standard Account is aimed at retail traders as it requires a smaller initial deposit amount. To open a Professional Account, you need to invest at least USD 1,000. Since there is no negative balance protection for professional accounts, the company recommends that beginners start with a Standard account to avoid unwanted problems. Available leverage is 1:30 on a Standard account and up to 1:400 on a Professional account. Trading with such high leverage without negative balance protection further increases the risks and you may end up owing funds to the brokerage company. Both accounts can be used with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

In addition to other fees such as spreads and swaps, the company also charges an annual inactivity fee of USD 25. It will be deducted from the client’s account if there are no open positions, or no payments have been made for a period of at least 12 months. The fee is charged on an annual basis until the account is closed, trading is resumed, or the account balance is zero. If a passive account balance drops to zero, the company closes the account, so you can’t build up a negative balance.

One Financial Markets provides two main platforms available for trading – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both are well-known and proven platforms, suitable for both beginners and advanced users. MT5 is a newer version of MT4 with some updates. However, MT4 is still a widely used platform and offers almost the same functionality as MT5. The MT5 platform from One Financial Markets comes with 38 built-in indicators, 44 chart objects, 21 time frames, economic calendar, hedging capability and real tick data. The brokerage company claims to offer fast order execution and enables the use of expert advisors (EAs). However, the page explains that not all EA trading is allowed. Here’s what One Financial Markets warns:

“Whilst we permit the use of expert advisors (EAs), we do not allow EAs that are written with the intention of sniping, hyperactivity or any other actions that are designed to take advantage of non-directional trading related activities. Please note that trading activity is monitored, and we may request further information regarding your EA in the event we suspect it is designed to trade on materially incorrect prices and/or abuse our prices feeds. We also draw your attention to our Client Agreement which gives us the right to suspend or cancel our trading services and void any trades in these circumstances.”

So, the company does not allow all types of trading and scalpers are not welcome here.

One Financial Markets offers a variety of deposit methods such as bank transfer, online deposit with debit or credit card or e-wallet funds transfer. Depending on the type of payment, the transfer of funds to the customer account can vary from the same day to between 3-5 working days. The company claims to check its bank account regularly throughout the day for new deposits. Debit and credit card payments, as well as e-wallet transfers, are added to the customer’s account after successful payment confirmation – within minutes of the transaction being completed.

All withdrawals are made after checking for available funds to approve the request. The company returns funds to the source from which they were made. If a customer has deposited with a card, funds will be returned to that card.

Client accounts can be opened in GBP, EUR, or USD. Nevertheless, the company claims to accept deposits in AED, EUR, GBP, HKD, JOD, KWD, SGD, USD, and ZAR.

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