OneTrade Review 2024
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OneTrade Review 2024

Updated:
Updated: October 06, 2023

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of OneTrade Trading Company

OneTrade is a financial services. Here at OneTrade traders can take advantage of the most competitive spreads as the company aggregates its liquidity from the leading banks, non-banks, MTF, and ECNs from all over the world. The company gives customers access to STP/DMA trading in Spot Forex, Metals, CFD indices, and Commodities. Therefore the company takes absolutely no risk due to the customers' trading operations.

Geographic Distribution of OneTrade Traders

Popularity in

38.2%
US
United States
24%
GB
United Kingdom
20.9%
AU
Australia
9.9%
BR
Brazil
9.1%
DE
Germany
9.1%
CA
Canada
2.2%
IN
India
2.2%
DK
Denmark
2.4%
Others
Others

User Satisfaction i

11 comments
Total score:
3.1 /10

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soldi85
4 weeks ago

onetrade is a good broker. I liked its website, although it’s not for everyone, some might think that it’s not particularly cozy. But that's not the main thing. Execution and withdrawal are the two most important criteria, and everything is ok with this here.

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filmovlad
49 weeks ago

OneTrade is a frivolous company, some kind of horror, which is full on the Internet. The main thing is dishonest. Convinced personally. Leaked here out of the blue 400 bucks. I just couldn’t close the deal, the broker didn’t give me this here. Something like this.

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cjVitolaGollinodb
1 year ago

I persistently send letters to OneTrade support, and in response, silence. I am not satisfied with the work of the company, and I am angry with the attitude towards the transfer of my funds! In general, not a company, but some kind of scammers. I don't recommend it very much.

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Philipdot
1 year ago

100% sure, and I can say with certainty that they are scammers. I leaked a lot of money, almost a year of my income. They drove me constantly into the red, blocked me, and each time they asked for a replenishment of the deposit for recovery. In general, when I stopped depositing money, they simply disappeared. I will definitely fight to get my money back.

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HerbertWag
1 year ago

OneTrade is, in my opinion, not an honest company. Decided to use this company. Well, I decided in time to check how they return the money (which is the most important thing). As a result, out of the 600 dollars I transferred, 150 dollars remained in the company. Everyone stopped responding to my emails.

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DocAndMed
2 years ago

Feedback on OneTrade is mixed so I started with a demo account. While I'm trading, I'll test the work of the support service. I also wonder how intrusive their managers are. I've dealt with scammers before, so I know how they operate. They start calling actively immediately after creating a demo account. I have been trading on a virtual account for about a week and so far no one from OneTrade has called me. As for the trading conditions, they are not bad on the demo. EUR/USD spreads are 0.7-2 pips, which is the average for standard accounts. The terminal works quickly, including from the phone. In general, I test further.

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shihab01
3 years ago

There were also shortcomings on the standard platform. As now, I won't argue here, but in 2019 there was a try to work with one trade and then the platform knocked me out of the rut every now and then. Difficult broker with a lot of flaws

Trading Conditions for OneTrade Users

💻 Trading platform: MT4, mobile and Web Trader platforms
📊 Accounts: Demo/Real
💰 Account currency: USD, EUR, GBP
💵 Replenishment / Withdrawal: Skrill, Credit/Debit Card, Bank Transfer.
🚀 Minimum deposit: 100 USD
⚖️ Leverage: 1:100
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.7 p
🔧 Instruments: Forex, Metals, CFD indices and Commodities.
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: No
📋 Orders execution: Market execution
⭐ Trading features: Social Trading
🎁 Contests and bonuses: No

Contacts

Foundation date 2009
Registration address 1-2 Broadgate Circle, London, EC2M 2QS.
Official site
Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
OneTrade Review OneTrade Review

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FAQs

Why has OneTrade been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against OneTrade by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of OneTrade is down, not updated or operates with clear errors and some features are not available;
• OneTrade has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if OneTrade got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why OneTrade got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from OneTrade?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if OneTrade is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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