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Company Name
OneFX Limited
Company Abbreviation
ONE FX
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
NE FX 3742227963
| Basic | Information |
| Registered Country/Region | Australia |
| Regulation | No License |
| Minimum Deposit | $10 |
| Minimum Spreads | N/A |
| Maximum Leverage | 1:1000 |
| Trading Platform | MT4 trading platform available |
| Payment Methods | N/A |
| Customer Support | Telephone & Email Support |
General Information
Registered in Australia, ONE FX is an online forex broker providing a series of trading instruments for its clients through the MT4 trading platform. ONE FX provides access to four types of trading accounts, namely Micro, Mini, Standard, VIP, with the minimum deposit to trade with this broker is $10.
ONE FX is not authorized or regulated by any regulatory authority. Please be aware of the risk.
Account Types
Four types of trading accounts are on offer: Micro, Mini, Standard, and VIP. To open a Micro account, the minimum deposit requirement is quite friendly, ranging from $10 to $99. The Mini account asks for an initial deposit of $100, the Standard account requiring $1,000 and the VIP account requiring $10,000.
| Account Types | Minimum Deposit | Max. Leverage | Spreads |
| Micro | $10-$99 | 1:1000 | N/A |
| Mini | $100-$999 | 1:500 | N/A |
| Standard | $1,000-$9,999 | 1:200 | N/A |
| VIP | $10,000 | 1:100 | N/A |
Obviously, trading with an unregulated forex broker requiring so high deposits is taking a huge risk of losing your money. Thus, extra vigilance should be taken.
Leverage
ONE FX provides flexible trading leverage, ranging from 1:100 to 1:1000, generous offering yet risky enough. Leverage can amplify gains, it can also cause serious losses, especially to inexperienced traders. In this way, it is wise for clients to choose a safe ratio less than 1:10.
Trading Platform
ONE FX provides the access to the industry leading MT4 trading platform. The presence of the MT4 is always considered as an advantage of any broker, as the platform provides a full set of trading tools and features: a number of built-in technical indicators, as well as other perks. Besides, the MT4 is available as desktop, web and mobile app devices.
Customer Support
Clients who have any inquiries or trading-related issues can reach out to ONE FX through the following contact channels:
Telephone: +61 2 9274 8800
Email: support@onefxtrading.com
Pros & Cons
Some advantages and disadvantages of ONE FX are clearly listed below:
| Pros | Cons |
| MT4 trading platform | Not regulated |
| Four types of accounts Available | High minimum deposit for the Standard account |
| High leverage | High Spreads |
| Insufficient company info | |
| Average customer support | |
| Negative reviews |
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