OneTwoTrade Expert Review

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OneTwoTrade

Broker OneTwoTrade
Website URL https://www.onetwotrade.com
Headquarters Malta
Support Types Email, Telephone, LiveChat
Languages Arabic, Bahasa Malaysia, Dutch, English, French, German, Italian, Japanese, Korean, Norwegian, Polish, Romanian, Russian, Sanskrit, Simplified Chinese, Spanish, Swedish, Traditional Chinese
Trading Platform SpotOption Trading Platform
Minimum 1st Deposit $/₤/€ 200
Minimum Account Size $/₤/€ 200
Minimum Trade Amount $/₤/€ 10
Bonus 50% to 150% On First Deposit
Regulation Lotteries and Gaming Authority (LGA), Malta
Deposit Methods Visa, Mastercard, Skrill Moneybookers, Neteller, BankLink, Wire Transfer
Trading Methods Classic Binary Options, 60Second Options, Pair Trading, Long Term Options, One Touch Options
Number of Assets 253
Option Types Commodities, Currency , Indices , Stock
Overall Score 97/100

Intro

Having been established in 2020, OneTwoTrade is no stranger to the binary trading industry. The binary trading platform is owned by a company known as Up & Down Marketing Ltd. Based in Malta, OneTwoTrade is regulated by the Maltese Lotteries and Gaming Authority (LGA) under the licence number LGA/CL2/744/2020. Although the company’s headquarter is in Malta, OneTwoTrade’s operational center is in London which is located at 9-13 Aldgate High Street, The Matrix, 4th floor, London.EC3N 1AH.

Trading Platform & Features

Although OneTwoTrade calls their trading platform the “SmartOption” trading platform, the look and feel of the trading platform is pretty much that of the SpotOption powered platform. While the SpotOption trading platform might be considered by some traders a little mundane in terms of looks, it cannot be denied that this platform is popular among many traders due to its user friendliness and powerful features.

Some of the features which the SpotOption based platform is so well known for are the Buy Me Out (ProTrader Mode), Double Up and Roll Over features. While binary trading might be simple, traders still face some risks and these features are invaluable in terms of risk management. So in terms of trading platform, OneTwoTrade has got it right.

OneTwoTrade Review

OneTwoTrade was launched in 2020, and is staffed by a team of market veterans from the financial industry. The broker is well-funded and, though headquartered in London, has teams of engineers and account management staff around the globe. OneTwoTrade is owned and operated by Up & Down Marketing Limited. Their registered offices are located at Abacus, Suite 2, Psalla Street, St Venera, Malta.

This broker is regulated by the Maltese Lotteries and Gaming Authority (LGA). As per the guidelines outlined to them by their regulatory body, OneTwoTrade will not accept traders from the US or Israel. They accept traders from all other territories and their platform is available in multiple languages.

When reviewing OneTwoTrade, we tested their platform across the various account types and experienced it in detail. We also looked at their banking facilities and the ease at which deposits and withdrawals can be made. We then took the time to research and experience the educational services that OneTwoTrade provide their traders, and tested their support facilities. Please read on for our detailed review on each of these areas.

Trading Platform and Features

The OneTwoTrade trading web platform is powered by SpotOption. SpotOption are a CySEC licensed and EU-regulated provider of binary options trading software. OneTwoTrade has customized and augmented the SpotOption platform to come up with an user interface that makes executing trades extremely straightforward and intuitive. The layout of OneTwoTrade’s trading tools is fairly typical of brokers using the SpotOption platform. Unlike brokers who make the mistake of crowding a trading user interface, OneTwoTrade has packaging up the trading technology in a simple yet elegant layout. The lack of clutter in the OneTwoTrade user interface is particularly beneficial for serious traders because it minimizes distractions that you encounter when analysing the markets and executing trades.

The web platform is fantastic, but mobile traders are also well catered for. OneTwoTrade has invested heavily in the development of mobile applications that run on the two leading mobile operating systems: iOS and Android. We used both applications, and concluded that these were a very strong point of OneTwoTrade’s offering. If we had concerns, they would be that the iOS application could use a bit of a ‘face lift’ as its user interface and aesthetics are functional and easy to use, but could offer more. The asset list on the mobile apps are also limited when compared with the web platform. That said, the appearance is perfectly professional and in no way compromises the usability of the application when it comes to executing trades.

Trading Accounts & Payouts

The maximum payout at OneTwoTrade is 85% with even higher payouts of 400% possible with high yield one-touch options.

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OneTwoTrade doesn’t offer demo accounts at this time, however they do offer Islamic accounts and have a in-house trading desk focused on GCC. Binary options traders vary in terms of their experience and the amount of money that they plan to invest on trading binary options and OneTwoTrade seems to have a good understanding of these differences. This is reflected in all their different types of accounts.

Bronze: This account is setup for traders of all levels and offers complete access to the platform. In order to qualify for a Bronze account, traders must deposit the equivalent of $200 – $1,000. The accounts include reliable support from OneTwoTrade’s personal account managers. Bonus amounts and offers vary, but please check with the support team for those that are relevant to your account.

Silver: If you’d like a Silver account, you are required to make a deposit that ranges between $1,001 – $4,000. Again, bonuses vary depending on the promotions that OneTwoTrade are running at the time of signup, but 100% bonuses are offered. At the Silver level, traders are given access to trading webinars and are provided with enhanced support from your personal account managers.

Gold: The Gold account is offered to traders who are deposit between $4,001 and $5,000. At the Gold level, bonuses continue to vary but can be as high as 100% (and even more sometimes – don’t forget to check with their support team). At the Gold level, traders are given a personal account manager and have access to OneTwoTrade support 24/7. In some cases your account manager can also assist in the execution of trades.

VIP: VIP accounts are offered to traders who deposit an amount equal to or greater than $5,001. Typically traders at this level are awarded a 100% bonus but we’ve managed to negotiate 200%. As alway, don’t forget to check and negotiate with the support team on registration. The main advantage of VIP accounts is the level of support and trade execution assistance provided. Uniquely in Binary Options, account managers can execute trades on your behalf. You can also gain access to personal, one-on-one training in order to further your knowledge on various trading techniques. This is the ultimate OneTwoTrade account for traders who want that extra level of customer services, support and numerous advantages.

Bonuses and New Customer Promotions

As mentioned above, the bonuses offered at sign up vary by account level/type. Unique offers are also available and vary depending on the promotion that OneTwoTrade is running at any given time. At the time we tested it, OneTwoTrade was offering a 50% bonus on new deposits for all Bronze level account holders and up to 200% for VIP account holders.

As always, we encourage traders to check in with the support teams upon registration. Negotiate an attractive bonus for yourselves and you will be able to take advantage of OneTwoTrade’s low bonus turnover requirement of 20. The turnover requirement figure can be found by adding the deposit amount, and the bonus amount and multiplying this total by 20. Once this total has been reached, you may withdraw your bonus funds. Please see the OneTwoTrade bonus policy for more information and all bonus terms.

Banking Options

As a fully regulated broker, OneTwoTrade supports various methods for making deposits and withdrawing trading profits:

Deposits: The minimum size of a deposit is $200. Traders may deposit at OneTwoTrade by using credit cards, including Visa, MasterCard and even Diners Club. All major credits cards are accepted. Please see our payments overview on the right for more payment types. You may also deposit by wire transfer and numerous eWallets and ePayment systems such as Neteller, Skrill, Paysafecard and even Bitcoin (integrated in 2020). OneTwoTrade tends to only accept larger deposits, such as those over $10,000, via wire transfer – which is a pretty standard requirement for large deposits. Our account managers explained that they typically work with traders to make sure the deposit transactions are as straight-forward as possible.

Withdrawals. OneTwoTrade supports withdrawals via wire transfer and credit card. Our experience of withdrawing money from our OneTwoTrade account was positive because the payment was prompt & funds were received within three business days. OneTwoTrade charges a withdrawal fee of 1% of the withdrawal amount or $ 50 – whichever is greater, on all bank transfers . It’s also worth noting that credit card transfers incur a modest processing fee. If your real money in the account is below $ 250 (or equivalent in a chosen currency), and the withdrawal request is for less than $250, you will incur a flat $25 fee on withdrawal. C heck with their support team to ensure you understand the terms and conditions that apply to you.

As always, the one other thing to note on withdrawals with any broker is trader identity verification. This is for fraud mitigation purposes, and OneTwoTrade is no different. They require certain documentation in order to process withdrawals in a timely fashion. This shouldn’t present a problem but it is important that you make sure you are able to provide the relevant documentation (e.g. valid ID) ready when you request a withdrawal. We had everything on hand so withdrawals was quick and easy, but it is likely that withdrawal will take a bit longer if you aren’t forthcoming with the relevant documentation.

Support

OneTwoTrade’s support team was very capable. In addition to providing technical assistance and helping get traders up and running, OneTwoTrade support staff help with the following:

Account Management: We didn’t sense too much pressure to make a deposit once we had registered. We did however, get the distinct impression that we were dealing with a team that were knowledgeable about the financial markets and about binary options trading in particular. After signing up and making a deposit, our account manager took the time to assist us with setting up trades on their platform. When it came time to make larger trades, they even offered to help execute the planned trades on our behalf. This was impressive and not something that one sees with most brokers. We advice VIP traders who have strong market knowledge but lack technical expertise to work closely with their account manager, and take them up on their offers for personal trade executions.

Customer Support: OneTwoTrade’s customer support team is always on call and ready to help when we encountered issues with the platform. It’s also important to point out that they have a multi-lingual team of support staff, so regardless of what your native language is, there is a good chance that one of their support team will be able to converse with you fluently and assist you. The languages that they support include: English, French, Spanish, Portuguese, Italian, German, Dutch and Russian.

Academy: OneTwoTrade provides its clients with access to a set of powerful learning tools that can help traders of all levels master different aspects of the binary options markets. Their ‘Trading Academy’ includes a set of Video Tutorials that feature interactive lessons delivered by successful traders. They also provide Strategy Lessons, Daily Market Analysis and many more resources that can help you gain the knowledge you need to succeed at trading binary options. At some of the account levels (VIP and to a lesser extent Gold), OneTwoTrade provides traders with one-on-one training to help them gain familiarity with the most profitable binary options trading strategies.

Why Trade at OneTwoTrade?

We have spent a lot of time evaluating binary options brokers and have had the opportunity to see how they operate. Brokers can vary from slightly amateur to highly professional operations. We can’t help but conclude that OneTwoTrade is one of the more professional operators out there. Not only are they well-funded, they are well-staffed by some seemingly very helpful account managers and support staff. It’s worth noting again, that they are also regulated by the Maltese LGA, a globally respected and recognised regulatory body. This seal of approval from a reputable government agency gives us a great deal of confidence in OneTwoTrade because this means trader funds are safeguarded and segregated. The broker is also required to provide official reports on a regular basis. As a result, we can be confident that your funds are in good hands.

The downsides to trading with OneTwoTrade are few and far between. We noticed that their bonus withdrawal terms and conditions were a minefield of jargon. Don’t worry, there is no hidden agenda here. It seems that OneTwoTrade are simply trying to state all conditions that apply so traders are fully aware. The good news is that we have “decoded” the terms somewhat for this review, and the most important items are noted. Please ensure that you read and understand their bonus and withdrawal terms when you register.

The overall trading experience, and the day-to-day interaction with OneTwoTrade’s team, was a pleasure. Their commitment to delivering a top-notch service to traders of all trading levels was very clear. We see them as a established broker that will continue to provide a great service to traders in the future. Moreover, we’re convinced that OneTwoTrade is a recommended broker for dealing with VIP clients. The patience and attention to detail demonstrated by the VIP account managers is fantastic. We wouldn’t be surprised if they develop a reputation for being the go to broker for binary options traders looking to execute large trades.

We recommend OneTwoTrade to traders, irrespective of skill level. They passed every one of our tests without issue, and we are pleased to give them the “TradersAsset Approved Broker” status.

OneTwoTrade – Page 7

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OneTwoTrade

Replies

So as a happy customer you decided to search google for bad reviews on OneTwoTrade and really felt it was worth joining up on MSE purely to tell us how great they are.

Some people might believe it but sorry I’m not convinced.

Fuss about FSA/FCA regulation – you mean the rules that help make sure we aren’t being ripped off when investing? Which would appear to be exactly what OneTwoTrade are looking to do.

Posting on here really shows how desperate they are.

The whole thing is a scam (well, technically, it’s not a scam because you agree to being fleeced when you sign up, if you bother to read the terms and conditions).

Once you’ve put your money in you have very little hope of getting it back again.

I urge anyone who is reading this to avoid this company like the plague.

Any professional or semi-professional traders will not be stupid enough to sign up to OneTwoTrade. They are targeting people who don’t know any better. I’d suggest that the people they’re targeting probably shouldn’t be spread betting in the first place.

May I recommend IG Index, Plus500, or any other reputable and regulated spread betting firm if you’re really that eager to lose your money.

Buying physical shares is probably a more sensible option, and that’s what I have opted to do.

I signed up to onetwo trade the other day, I’ll spare the long boring story of why I joined but now I have read the t&c’s on their website I’ve realised it’s going to take some luck and patience for me to break even.

I had deposited £200

I need to bet through that amount before I can make a withdrawal

There is a £50 or 1% withdrawal charge

I’m in a year long contract with the £4.50 charge for inactivity per month

If I wanted to close account this month I believe I would need to bet the £200 and end up with £299.50 just to be able to withdraw the £200 I had initially deposited.

There is far more in the terms of use designed to keep your money especially if your offered a monetary bonus for a deposit (have to bet through deposit and bet amount between 3-20 times before withdrawal allowed). I have been advised that these terms of use are out of date and I will be emailed an up to date copy but I don’t think this is true or going to happen, but I will amend my comments if this happens and turns out to be true.

I’m a former employee and I beg everybody to STAY WELL CLEAR of OneTwoTrade

As soon as I realised how much of a scam it was I made a swift exit. I would also urge anybody who wishes to have a successful career in finance to stay well clear of this company. They are making money from the small print in their terms and conditions and also by expoiting their staff.

Unless I am mistaken, OneTwoTrade’s website features no office address, they are constantly moving between different temporary serviced offices around the city, this is not coincidence, this illigitimate operation does not want to leave any breadcrumbs.

I would call them cowboys, but I don’t want to offend any actual cowboys out there. As I said, give OneTwoTrade a wide berth.

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