ONE FX Forex Broker

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