General Information

　　Loyalty FX Markets is a forex and CFD broker that provides online trading services to clients around the world. Founded in 2019 and registered in St. Vincent and the Grenadines, Loyalty FX Markets offers a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies.

　　The broker provides a range of account types to cater to the needs of different traders, including Standard, ECN, Pro and Raw accounts. Loyalty FX Markets also offers Islamic account options for clients who follow Sharia law.

　　Traders have access to a variety of trading platforms, including the popular MetaTrader 5, as well as a proprietary platform. The broker offers competitive spreads, with some accounts having spreads as low as 0.01 pips. Additionally, traders can take advantage of high leverage of up to 1:500, which can magnify potential profits, but also increases the risk of losses.

　　Loyalty FX Markets provides 24/5 customer support through live chat, phone, email, and social media. The broker also offers a range of deposit and withdrawal methods, including credit/debit cards, bank wire transfer, and electronic wallets.

　　To help traders improve their skills and knowledge, Loyalty FX Markets offers educational resources such as articles, video tutorials, and webinars. It's important to remember that trading forex and CFDs involves significant risk and may not be suitable for everyone. Before opening an account with Loyalty FX Markets or any other broker, traders should carefully consider their investment goals, level of experience, and risk tolerance.

Pros and Cons

Is EONE FX Legit or a Scam？

　　Based on the information provided on their website and in accordance with regulations, EONE FX appears to be a legitimate forex broker. However, it is important to note that forex trading carries significant risks and a high percentage of retail investors lose money when trading CFDs with any provider. It is important to thoroughly understand the risks involved and ensure that you can afford to take such risks before engaging in forex trading or any other investment activity.

Market Instruments

　　Eone FX offers a range of market instruments on its MT5 platform, including stocks and forex. Trading stocks on the platform offers several benefits, including high liquidity, flexible trading hours, and the ability to leverage funds for increased position sizes and profits. Eone General Trading Pte. Ltds MT5 platform enables clients to trade 82 different currency pairs, with lot sizes ranging from 0.01 to 100, and standard leverage of 1:50. Margin calls apply to forex trading, where investors trade currency pairs and anticipate profit from changing values over time. The forex market offers high liquidity, flexible trading hours, and the ability to leverage funds for increased position sizes and profits.

　　Clients can enjoy trading 82 different currency pairs on the Eone General Trading Pte. Ltds MT5 platform. The lot size, margin for one lot, and hedged margin for each currency pair are clearly listed for clients to easily identify their trading preferences. The minimum ticket size for all currency pairs is 0.01 lots, while the maximum ticket size is 100 lots. Trading steps are also set at 0.01 lots. Trading sessions for most currency pairs run from Monday 00:05 until Friday 23:59, with session break times daily at 00:00 to 00:05. The standard leverage offered to traders is 1:50, but can be increased based on the results of the Appropriateness Test clients complete when registering an account.

Account Types

　　There are five live trading accounts offered by EONE FX, apart from demo accounts, namely One Maker, One Trader, One Professional, One Market and One Royal. Opening a One Maker account requires the minimum initial deposit amount of $100, while the One Trader, One Professional or One Market requires a much higher minimum initial capital requirement of $1,000 and the One Royal account with the highest deposit requirement of $25,000. The Account is available as Swap Free for clients following the Muslim Faith.

Pros and Cons

　　Overall, the One Maker account has a lower minimum deposit and is suitable for new traders or those trading smaller volumes. The One Trader and One Professional accounts offer flexible position sizing and a low minimum trade size, but the latter has a higher minimum deposit and lower spreads. The One Market account offers zero spreads with commission-based trading, while the One Royal account has the highest maximum order size and unlimited simultaneous open orders, but requires an extremely high minimum deposit.

Leverage

　　EONE FX offers a maximum leverage of 1:100 on trading accounts, which means that traders can control positions up to 100 times larger than their initial investment. This leverage can potentially amplify gains or losses, depending on the direction of the market movement.

　　For instance, if a trader has a trading account with a balance of $1,200 and uses 1:100 leverage to open a position of $120,000, a movement of 1% in their favor could result in a profit of $1,200, while a movement of 1% against their position could result in a loss of $1,200.

　　It's important to note that while leverage can magnify profits, it can also magnify losses, so traders must manage their risk appropriately. EONE FX provides tools and resources to help traders understand and manage their risk, including stop-loss orders and margin call notifications.

　　Overall, the leverage offered by EONE FX can be a powerful tool for traders looking to potentially increase their returns, but it should be used with caution and a solid risk management strategy.

Pros and Cons compared with other major brokers

Spreads & Commissions

　　EONE FX offers different spreads and commissions depending on the type of account that traders open with them. Here are the spreads and commissions for each account type:

1. 　　OneMaker account group: This account group is designed for novice traders and requires a minimum deposit of $200. The spread for this account group is fixed at 2 pips for major currency pairs, and there are no commissions charged for trades.

2. 　　OneTrader account group: This account group is designed for experienced traders who require tighter spreads. The minimum deposit for this account group is $2,000, and the spread is fixed at 1.6 pips for major currency pairs. There are no commissions charged for trades.

3. 　　OneProfessional account group: This account group is designed for professional traders who require the tightest spreads. The minimum deposit for this account group is $10,000, and the spread is variable, starting at 0.8 pips for major currency pairs. There are no commissions charged for trades.

4. 　　OneMarket and OneRoyal account groups: These account groups are designed for high-volume traders and institutional clients. The minimum deposit for these account groups is $50,000 and $100,000, respectively. The spreads for these account groups are variable and start at 0 pips for major currency pairs. There are no commissions charged for trades.

　　Overall, EONE FX offers competitive spreads and commissions for each account type, which can help traders to manage their trading costs effectively.

Pros and Cons

　　It is important to note that the spreads offered by EONE FX can vary based on market conditions and the type of account being used. Additionally, trading CFDs with any provider carries a high level of risk and may not be suitable for all investors. It is recommended that individuals carefully consider their investment objectives, risk tolerance, and financial situation before engaging in any trading activities.

　　Trading Platform Available

　　When it comes to trading platforms available,EONE FX gives traders the worlds most trusted and popular MetaTrader5 trading platform, available on Windows, Mac and Android. MT5 is known as one of the most successful, efficient, and competent forex trading software, allowing traders to execute trades on different financial markets through a single account and there is a hedging option. With the MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Trading Tools

　　Also, EONE FX provides its clients with an Economic Calendar, whose interface seems to be quite simple and clear, just as the following screenshot shows.

Deposit & Withdrawal

　　EONE FX offers its clients a simple and straightforward process for deposit and withdrawal. They are constantly trying to improve and provide more options to make the process even more convenient for their clients.

　　For deposit, clients can send an email to the support department with the necessary details. If the deposit is made through a bank, clients must provide their bank details such as bank name, SWIFT code, branch name, and account number. If the deposit is made through cryptocurrency, clients must provide details of the transfer, such as the amount and the crypto address.

　　For withdrawal, clients can also send an email to the support department with the necessary details. If the withdrawal is made through a bank, clients must provide their bank details such as bank name, IFSC code, branch name, and account number. If the withdrawal is made through cryptocurrency, clients must provide details such as the amount and the desired crypto wallet address.

　　Overall, the deposit and withdrawal process of EONE FX seems to be simple and easy to follow. Clients can rely on their support team to assist them throughout the process if needed.

Pros and Cons

Customer Support

　　EONE FXs customer support can be reached by telephone: +447418488748, +6591359409 (Singapore), email: support@eonefx.com, finance@eonefx.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram and Facebook. Company address: 101 CECIL STERRT #23-11 TONG ENG BUILDING SINGAPORE (069533).

Conclusion:

　　In conclusion, EONE FX is a reputable and reliable forex broker that offers a wide range of financial instruments, trading platforms, and account types to suit the needs of different traders. The broker's regulation by reputable authorities in Singapore and the United Arab Emirates enhances its credibility, and its simple and straightforward deposit and withdrawal procedures make it easy for clients to manage their accounts. While EONE FX may have some limitations, such as the lack of social trading platforms and high trading fees, its competitive trading conditions and educational resources make it a suitable choice for both novice and experienced traders.

Frequently Asked Questions

　　Q: Is EONE FX a regulated broker？

　　A：Yes, EONE FX is a regulated broker and is registered with the accounting and corporate regulatory authority (ACRA) in Singapore.

　　Q: What trading platforms does EONE FX offer？

　　A: EONE FX offers the popular MetaTrader 5 (MT5) platform, which is available for Windows, Mac, and Android devices.

　　Q: What is the minimum deposit required to open an account with EONE FX？

　　A: The minimum deposit required to open an account with EONE FX is $50.

　　Q: What payment methods does EONE FX accept？

　　A: EONE FX accepts a variety of payment methods, including bank transfer, credit/debit cards, and e-wallets such as Skrill and Neteller.

　　Q: Does EONE FX offer a demo account？

　　A: Yes, EONE FX offers a demo account that allows traders to practice trading with virtual funds before opening a real account.

　　Q: What is the maximum leverage offered by EONE FX？

　　EONE FX offers maximum leverage of up to 1000:1 for clients on the One Maker account, while other account types can experience leverage of up to 500:1.

　　Q: What markets can I trade with EONE FX？

　　A: EONE FX offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies.

　　Q: Does EONE FX offer customer support？

　　A: Yes, EONE FX offers customer support 24/5 through email and live chat on their website.