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IC Markets Review: Complete Broker Overview
IC Markets is a global CFD broker that was established in 2007 and has been growing steadily since then.
They offer their clients the opportunity to trade an extensive range of assets with true ECN capability. This means that traders are able to get some of the lowest spreads on the market with near instant execution.
However, is IC Markets safe and can you trust them?
In this IC Markets review, we will give you everything that we found out about this broker. We will also give you some essential hints and tips that help your trading experience.
IC Markets is registered International Capital Markets Pty. Ltd and they are based in Australia. Their company registration number is ACN 123289109 and their offices are located at Level 6 309 Kent Street, Sydney.
They have expanded rapidly since their inception and have over 60,000 traders with them. They also process some of the highest volume in the industry and turn over $646bn in volume per month! You can see their trading stats right on their website.
IC Markets is an Electronic Crossing Network (ECN) broker. This means that they connect their traders directly to a pool of liquidity providers. This allows the traders to get tight raw market spreads on a number of assets.
They have a global presence and take traders from numerous regions. In order to cater to such a large array of clients, they have translated their website into over 14 different languages.
Despite this though, there are some regions that they do not provide their services to. These include the Unites States, Canada, Israel and Iran.
Is IC Markets Safe?
This is probably one of the biggest concerns for any Forex trader.
There are number of things that we look for when determining broker safety. The most important of these are the regulatory oversight and the internal protocols at the broker.
You will be pleased to know that IC Markets is fully regulated by Australia’s Securities and Investment Commission (ASIC). They have an AFSL number of 335692.
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
IC Markets Licence at ASIC. Image via ASIC Connect
The Australian regulators are some of the most reputable in the world and there are a number of benefits that come with their oversight. These relate to the rules that they place on brokers and how they conduct their business. Here are some of the most important of them:
- Segregated Accounts: ASIC requires that brokers keep their client’s funds in separate bank accounts from the main broker operations.
- Capital Reserves: The regulator stipulates that the broker must store A$1m in reserves in their bank accounts.
- Regular Reporting: Brokers are required to maintain these levels and regularly report back to ASIC.
- Extensive Due Diligence: Before a broker can get an ASIC licence, they will have to complete a series of background checks on a company and individual level.
Apart from these client protections, you also have the comfort of knowing that there is always some authority that you can turn to in the case of a dispute.
There are a host of other protections that you have at IC Markets.
For example, they bank with top tier banking institutions in Australia. They use National Australia Bank (NAB) and Westpac Banking Corporation (Westpac). This means that your segregated funds are in a safe place.
They also have liability insurance from Llyods of London. This means that the broker is protected from any legal liability that could be thrown its way.
IC Markets is also externally audited by an independent firm. This is great to know as it means that accurate liquidity and reporting numbers are being presented to the regulators.
Finally, as is standard with most financial websites, they have full SSL protection. You can feel comfortable sending them your documents and using your credit card as it is all encrypted.
Asset Coverage & Leverage
This was something that really impressed us about IC Markets. They have an extensive range of assets across numerous asset classes.
IC Markets Asset Classes
Exactly what assets you will be able to trade depends on the account that you open up and the platform that you use. We cover the platforms below but here is a sneak peak of the assets that they provide:
- Forex: 60 Pairs covering all Majors and most Minors
- Indices: You can trade over 7 indices from a number of global markets
- Commodities: You have 14 commodity CFDs including hard, soft and most metals
- Stocks: They offer 120 single stock CFDs from the ASX, NYSE and Nasdaq
- Crypto: You have 10 crypto assets including Bitcoin, Litecoin, Ethereum etc.
- Bonds: 6 different government bond indices.
- Futures: Futures on Oil, VIX, ICE.
This is one of the first CFD brokers that we have seen offering government bonds! Now you can trade the credit worthiness of the US and UK governments for example.
You also have quite an extensive range of cryptocurrency CFDs that you can trade. This is more than other brokers that we have seen.
Given that IC Markets is a CFD broker, it means that you are trading on the margin with borrowed money. This means that your positions are leveraged by a certain factor and your gains / losses are maximized.
Leverage at IC Markets will vary depending on the asset that you are trading and the size of the position. However, here is a helpful breakdown of the max leverage you can achieve on each asset class:
These are reasonable leverage levels. The minimum leverage that you can trade with is 1:1 so there is no need for you to trade with the max when you first start.
While the crypto leverage factor is better than most other CFD brokers, you can trade with higher leverage in other locations. For example, you could trade CFDs at IQ Option or Futures at Prime XBT.
You can take a look at the margin call levels in all of their documents. You should also take note of the stop out positions where you will have your position closed.
IC Markets Spreads
The size of the broker spreads directly impacts on trading profitability and is hence a really important criterion for us.
Given that IC Markets operates an ECN model, the spreads that you are charged are really thin. For example, if you have a True ECN account, you are able to get close to 0 spreads on some of the major Forex pairs.
Of course, the exact spread that will be applied depends on the type of asset you are trading and the account you have. Below is an indication of some of the spreads on a small subset of assets on the Standard / True ECN (in pips).
These are pretty thin spreads and are lower than some of those that we have seen at other brokers such as Plus500.
Take note though that although the True ECN has a lower spread, you will have to pay a commission on the lots that you trade. This is $3.5 per lot and $0.035 if you are trading the Micro Lots. If you are on cTrader, you are charged $3 per 100k lot.
Lot pricing on IC Markets Accounts
As is standard with Forex brokers, you will also be charged a standard swap rate. This can be considered an “overnight” fee that is charged to finance your positions. You can see this swap rate in the platforms before you enter the trades.
Deposit / Withdrawal Fees
Thankfully, there are no fees charged by IC Markets to deposit funds. There may be a third-party fee that is applied by your bank or intermediary banks if you are doing an international wire transfer.
Withdrawals are also free for nearly all of the same payment methods. However, if you are taking a wire withdrawal to an international bank then IC Markets will have to charge you A$25 in order to make up for the cost of them initiating the wire at their bank.
IC Markets Account Types
As mentioned above, their are quite a few account types that you can open at IC Markets. These will differ in the types of spreads you will be charged, the platform that you will use and the subsequent assets that you can trade.
All of the accounts below make use of ECNs which connect directly to the liquidity providers. This means that IC Markets operates a “no dealing desk” model and is not the market maker to any of the trades that you are putting on.
Below is a breakdown of the different account types:
|True ECN (cTrader)||True ECN||Standard|
|Commission (per lot)||$3.0||$3.5||$0.0|
|Spreads from (pips)||0.0||0.0||1.0|
|Server Location||London||New York||New York|
|CNS VPS Cross
|Suitable For||Day Traders & Scalpers||MetaTrader||MetaTrader|
|Trading Platform||cTrader||EAs & Scalpers||Discretionary Traders|
All of the accounts above have Microlots which facilitate flexible lot sizing. These Micro-lots start at just 0.01 lots . The minimum deposit amount on all accounts it $200 .
You are also allowed to trade on all accounts with any trading style that you fancy. This includes scalping, hedging, or running an Expert Advisor (EA) on the account.
All of these accounts have a 50% stop out level, offer one click trading as well as Index CFDs as standard.
For those of you who are of the Islamic faith, then you can request a fully Sharia compliant Islamic account. This is available on all of the accounts above and effectively makes the accounts “swap free”.
Instead of the overnight swap rate, you are charged a flat commission on the lot size. You can see the exact commissions here. If you want to open an Islamic account then you first need to create a normal account and ask them to convert it for you.
IC Markets Demo Account
Why risk funds initially if you can test them out first?
IC Markets Demo Account Benefits
IC Markets offers no obligation demo accounts on all of the above. These are a great way for you to test the platform and broker in a non-threatening way with demo funds. Demo accounts are supposed to replicate live trading conditions.
All that you will need in order to open this account is an email address and phone number. Once you have signed up they will send you the login details for the accounts that you have requested.
There are three trading platforms that you can make use of with this broker. These are all third party trading platforms.
Firstly, they offer both of the MetaTrader platforms. These are trading platforms that are developed by the MetaQuotes software company. They also offer the cTrader software suite that is developed by Spotware.
Let’s take a closer look into each of these now.
This is probably the most well-known trading platform in the world and has been around for a number of years. It has been downloaded by millions of traders and is used by most online Forex brokers.
The MT4 platform is relatively well laid-out and has a plethora of trading tools that you can use. These include advanced charting and technical analysis studies. You can also model numerous different Forex pairs at the same time.
MT4 Trading Platform User Interface
The MT4 platform also has its own proprietary coding language. MQL4 can be used to develop your own Expert Advisors or “EAs”. These are algorithms that will trade on the MT4 automatically 24/5.
The MT4 platform is available on PC, Mac and Linux. You can also trade it through your web-browser but we would rather suggest the Desktop based versions.
As you can probably tell, this is the upgraded version of the MT4 platform. IC Markets also gives their Standard and True ECN traders the choice of the MT5 platform. The MT5 allows you to trade the single stock equities as well as the crypto assets.
This has an updated user interface and has some new features. For example, you can view the order book depth charts. You also have an economic calendar right there on your trading platform.
Updated User Interface of MT5. Image via MetaTrader
The coding language has also been updated to MQL5. This has more customization options because it is an object orientated language. You can code your own indicators and save them for later use on the platform.
As is the case with the MT4, this is available on a Mac, PC, Linux and Web browser.
Well, the MT4 is a more “battle-tested” platform that is well known by millions of traders. There are more integrations for it and more trading communities know how to develop on it. We would suggest the MT4 unless you have to trade assets that are not available on it.
This platform is available on IC Market’s ECN cTrader account. It gives you Straight Through Processing (STP) functionality using multi-bank liquidity. You can also trade 10 major equity indices here as well as 64 Forex pairs.
The cTrader interface is more functional than those of the MetaTrader platforms. You also have more charting capability as well as tools and indicators.
cTrader User Interface at IC Markets
For the developers, cTrader is built on C# and has a handy extension called “cAlgo”.
This allows you to build your own unique trading indicators in a universally known programming language. You can also leverage the cTrader developer network to help you code your own indicators and algorithms.
The cTrader is available in Mac, PC and online through your browser.
IC Markets Mobile App
While IC Markets does not develop their own proprietary mobile application, each of the trading platforms that were mentioned above have their own mobile apps.
The MT4 and MT5 mobile apps are perhaps some of the most popular trading application in existence today. For example, the former has been downloaded 10m+ times and the latter has been downloaded 1m+.
They are available in iOS and Android and have a range of features. You have one click trading, order management as well as relatively advanced charting. You can also easily toggle between the different markets.
MT4 Mobile Application in iTunes Store
You can also take a deeper look at the reviews for the MT4 and MT5 mobile apps in the iTunes store and the Google Play Store. They are all above 4.5 stars and most of the traders are quite complimentary.
cTrader also has a mobile app although it is way less popular than the MetaTrader versions. This is available in iOS and Android and has much of the same functionality as the MT4 / MT5 apps (Charting, order management, technical studies etc.)
There are no reviews for the cTrader app in in the iStore but there are quite a few in the Google Play. They are quite positive and the developers are responsive.
cTrader App & Play Store Ratings
So, should you use a mobile trading app?
We would always opt for a desktop version of the software. Mobile screens are not the most effective for conducting technical analysis. You also have order latency when using mobile networks.
Funding / Withdrawals
Once you have tested the Demo and are ready to fund a live account, there are a number of ways in which you can do this.
You can fund your account in the following currencies: AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. Funding can be done pretty easily directly from your IC Markets admin area.
Below are the funding methods that you have at IC Markets:
Available Funding options at IC Markets
From the above, it looks like the quickest way for you to fund your account is through the use of a Credit Card or a Web Wallet of some sort. These should clear instantaneously.
The method with longest lead times is through a wire transfer. This could take 2-3 days depending on the where your bank is located.
Withdrawals are just as simple as funding your account. You will have to complete the online withdraw form in your account administration panel.
You can use most of the same methods that you have used above in the funding. The fastest of these are probably through a web wallet if you used it. Wires could take 2-3 days assuming that you provided the correct information.
The cut-off times for your withdrawal to be completed is the 12:00 AEST. If you submit it before this time then it will be processed on the day.
If you had not initially completed identification and submitted KYC documents when funding then you will have to do this before they will authorise your withdrawal request. As is the case with funding, they will only send to an account that is in your name.
IC Markets Execution
One of the biggest benefits of IC Markets is their trading infrastructure.
Firstly, they use some of the best-known liquidity providers in the world including the likes of Citi, UBS, JP Morgan and Goldman Sachs. They also use dark pools for hidden sources of liquidity.
Liquidity Providers at IC Markets
IC Markets also uses the Equinix datacentres in New Jersey and London. These are the same datacentres that are used by High Frequency Trading (HFT) firms to execute their lightning fast strategies.
In the case of the New Jersey datacentre, this is used by numerous large institutions on Wall Street. Some of these are the same institutions that provide liquidity to IC Markets that I mentioned above.
This means rapidly reduced order latency…
When you place an order at IC Markets, it can be routed to the liquidity network with fibre optic cabling almost instantaneously. The faster that your order can be executed, the better your overall order fills.
IC Markets has also partnered with a number of hosting providers where you can rent a Forex VPS. This will allow you to connect directly with Equinix using VPS cross connect .
IC Markets Customer Support
Customer support is an important criterion for us at Coin Bureau. Nothing can kill a trading experience like terrible customer support!
So, how does IC Markets stack up?
They operate a number of support desks around the world and these are manned by English and Chinese native speakers. There are number of methods that you can get in touch with their agents.
You could also reach out to them with their live chat function. If you prefer to speak to someone on the phone then they have this option as well. They have an Australian toll free number on +1300 600 644 and a Chinese contact number on +86 400 609 6783 .
While this is good in theory, our experience in practice was quite disappointing…
When we reached out to them on their live chat, we had to wait for a total of 20 minutes to first be connected to their support agents. When we finally did get in contact with an agent, they were not that knowledgeable.
Long wait to be connected, ineffective support
For us, it seemed as if IC Markets has outsourced their customer support to an offshore support centre. Of course, we could have reached them at a bad time but we have had much more pleasant customer support experiences at brokers such as FP Markets.
Brokers adding value through additional educational material always get extra points in our book.
IC Markets is no exception and they seem to have quite a range of educational guides and resources that could help traders of varying skill levels.
These are simple bullet pointed guides that give you a short overview of elementary disciplines. They cover topics such as the pros / cons of CFD trading and the basics of Forex markets. These are aimed at the beginner Forex traders.
They also have some video tutorials that take you through basics of the MT4 platform. This was slightly sparse and there are only 4 videos here. These are also over 6 years old so they definitely are in need of an update.
Of course, if you are just in need of a quick explanation of some term on the terminal then you can jump over to their pretty extensive Forex glossary.
Trading Central & Economic Calendar
IC Markets also streams in live video feeds straight from Trading Central. These are live trading news segments that cover the latest market movements and economic announcements.
Trading Central videos are professionally presented and the videos are relatively easy to understand. They are also streamed to a number of brokers around the world so you can be sure of their quality.
Live video Stream on Trading Central
IC Markets also provides a handy economic calendar on their website. This is helpful to keep track of upcoming economic announcements and data releases. Traders use it to either hedge risk around important releases or to trade price action on the actual release volatility.
This is the main blog section at IC Markets and it is pretty extensive. It is updated daily and covers numerous different categories and sections.
For example, you have how-to guides, Fundamental Analysis, Technical Analysis, Education and other trading tips. There are also regular market updates with the key levels and potential trade set-ups.
We found these relatively easy to read and well presented. The market guides are written in simple bullet point form with the key daily levels. The longer guides and analysis posts include helpful charts and other graphical aids.
A trader is only as good as the tools that his has in his trading toolbox…
IC Markets offers a number of different tools that can either enhance your trading experience or that of your account manager (if used).
As mentioned above, IC Markets has a strong relationship with a number of VPS providers with direct connections to their servers at Equinix.
Many traders understand the benefits of using a VPS as it allows them to trade with EAs automatically and continuously. It can also be co-located at a liquidity provider data-centre to execute trades with near zero latency.
Trading Server features with NYC Servers
There are three partner VPS providers that IC Markets works with and the are the following:
- Forex VPS: This is one of the most well known in the industry and they can get your account set up in 5 minutes. It will come with an IC Markets VPS pre-installed
- Beeks FX VPS: This is another well known provider with connections directly to the Equinix data centre. They use fibre optic cross connect and have a 0.5 millisecond latency
- New York City Servers: They also come with the MT4 pre-installed and have some pretty reliable uptime statistics. The latency on the server connections is about 1 millisecond.
These servers start at about $20 per month which is about reasonable for a good quality VPS. However, if you trade more than 15 lots in that month then FC Markets will sponsor the cost of that VPS.
MT4 Advanced Trading Tools
If you have a live account at IC Markets, they will also throw in the MT4 advanced trading tools for free. These are similar tools than those that are used by institutional clients.
There are over 20 of these in total and this includes apps that assist in making trade decisions along with tools like sophisticated alarms, messaging broadcasting facilities etc. Below is the full list:
Collection of MT4 Trading Tools
These will all help to augment your trading and are only available on MT4. This is another reason why it could make sense to opt for the MT4 platform over the MT5 / cTrader.
Multi Account Managers (MAMs) and Percentage Allocation Management Module (PAMM) are account management methods whereby one manager can trade numerous accounts.
IC Markets provides a number of tools that could make it easier for these managers to administer the numerous trader accounts and appropriately apportion the returns across these. There are numerous benefits which we won’t go into now but you can read more about it their website.
IC Markets also lets you link your MT4 account up to third party trade copying services. This will allow you to follow the signals and trading strategies of other successful traders.
This is through the use of MyFXBook and Zulutrade integrations. If you have accounts at these services then you can link up your MT4 account and sync your trading strategy with those of the traders you are following.
ZuluTrade Rank and Simulation Tools
You can either place trades that replicate these traders completely or you can control the trades that you would like to make on a case by case basis. ZuluTrade is particularly interesting as it ranks traders and you can follow only the most profitable.
What We Didn’t Like
We could not do a complete IC Markets review without going into some of things that we think warrant improvement.
Firstly, we were not too impressed with the customer service. The time it took for us to get connected to an agent was not ideal. Moreover, the knowledge of said agent was really sub-par. We tried to connect several times and had similar wait times.
Secondly, given that this is an ECN account, you have significant market risk that you cannot mitigate. For example, IC Markets does not offer negative balance protection or any sort of guaranteed stops.
Lastly, while they do offer some educational material, they could have offered other more bespoke resources. For example, a number of Forex brokers provide free trader webinars which are a great way for traders to learn in an interactive and engaging way.
Regulated CFD Brokers ⚖️
Our IC Markets review found them to be a well regarded and regulated broker with low fees, instant execution and extensive asset coverage.
Moreover, they use some of the most advanced trading technology in the industry in the MetaTrader and cTrader platforms. They have also supplemented this with additional trading tools and resources.
Yes, there are things that we think they can improve, but these can easily be worked on. Hiring better customer service or starting a weekly webinar is not too hard to implement.
So, should you use IC Markets?
We would encourage you to do your own research, but based on this review we think that they can considered a highly recommended broker.
One Financial Markets Review
One Financial Markets is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices and commodities.
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
To open a live account, you’ll need a minimum deposit of at least €250. Alternatively, One Financial Markets offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 466201). One Financial Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. One Financial Markets has been established since 2007, and have a head office in UK.
Before we dive into some of the more detailed aspects of One Financial Markets’s spreads, fees, platforms and trading features, you may want to open One Financial Markets’s website in a new tab by clicking the button below in order to see the latest information directly from One Financial Markets.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
81% of retail investor accounts lose money when trading CFDs with this provider.
What are One Financial Markets’s spreads & fees?
Like most brokers, One Financial Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on One Financial Markets’s website. The colour bars show how competitive One Financial Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.
|One Financial Markets|
|EUR/USD (Average: 0.7 pips)||Not offered||0.7 pips||0.1 pips|
|GBP/USD (Average: 1.1 pips)||Not offered||1.7 pips||0.1 pips|
|USD/JPY (Average: 1.1 pips)||Not offered||0.6 pips||0.1 pips|
|AUD/USD (Average: 0.8 pips)||Not offered||0.6 pips||0.2 pips|
|USD/CHF (Average: 2.3 pips)||Not offered||2.3 pips||0.2 pips|
|USD/CAD (Average: 2.9 pips)||Not offered||0.5 pips||0.3 pips|
|NZD/USD (Average: 3.6 pips)||Not offered||2.8 pips||0.3 pips|
|EUR/GBP (Average: 2.4 pips)||Not offered||0.5 pips||0.1 pips|
Spreads are dynamic and are for informational purposes only.
As you can see, One Financial Markets’s minimum spread for trading EUR/USD is pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with One Financial Markets vs. similar brokers.
How much does One Financial Markets charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with One Financial Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $18.19. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .
|One Financial Markets||XTB||AvaTrade|
|Spread from :||$ 10.00||$ 2.00||$ 7.00|
|Total cost of a 100k trade:||$ 10.00||$ 2.00||$ 7.00|
|$8 less||$3 less|
|Visit One FM||Visit XTB||Visit AvaTrade|
All fees/prices are for informational purposes and are subject to change.
What can you trade with One Financial Markets?
One Financial Markets offers over 111 different instruments to trade, including over 51 currency pairs. We’ve summarised all of the different types of instruments offered by One Financial Markets below, along with the instruments offered by XTB and AvaTrade for comparison.
|FX / Currencies||One FM||XTB||AvaTrade|
|# of forex pairs offered||51||48||59|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||One Financial Markets||XTB||AvaTrade|
|# of commodities offered||0||21||16|
|Index & Stock CFDs||One Financial Markets||XTB||AvaTrade|
|# of stocks offered||0||1606||99|
|See One FM’s Instruments||See XTB’s Instruments||See AvaTrade’s Instruments|
What’s the One Financial Markets trading experience like?
1) Platforms and apps
One Financial Markets offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. One Financial Markets also offer their custom ECN FX platform.
One Financial Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) Executing Trades
One Financial Markets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As One Financial Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, One Financial Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that One Financial Markets offers its traders below.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Demo account
- Mini account
- Standard account
- ECN account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
One Financial Markets support a wide range of languages including English, Arabic, and Spanish.
One Financial Markets has a BrokerNotes A support rating because One Financial Markets offer over three languages and email support.live chat support.phone support.
4) What you’ll need to open an account with One Financial Markets
As One Financial Markets is regulated by Financial Conduct Authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore One Financial Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with One Financial Markets you can visit their website here.
- Written by Marcus Taylor
- Founder & CEO
Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.onefinancialmarkets.com/ on 01/04/2020.
One Financial Markets not quite right?
Compare these One Financial Markets alternatives or find your next broker using our free interactive tool.
Fighting online scams since 2020
SCAM ALERT: Automated Financial Markets review
In this review of Automated Financial Markets we prove that this robot is a scam that is lying to you.
Automated Financial Market has a brief presentation. It is a binary option robot that allegedly has a high winning rate.
And it is free, so you supposedly can make money for free.
Table of Contents
Automated Financial Markets scam
Automated Financial Markets is unfortunately just another scam robot based on the White Label Robot.
This software is used by a lot of binary options scams. Look at the picture to see some examples of other scams based on the exact same app, like Option Robot, ProBinaryBot or Binrobot Lady.
The worst thing about this software is that it uses a fake demo. In other words the Automated Financial Markets demo uses fake prices to generate profits that would not happen in real trading. Look at the video to see a proof.
And if you don’t see through this dirty trick and open a real account with real money, the robot will of course lose your money, because real trading results cannot be faked.
So Automated Financial Markets is a very dangerous scam.
How it really works
Maybe you already guessed it, but let us explain how Automated Financial Markets really works. It does everything it can to persuade you to deposit money with one of the brokers from their list, because people who run this robot are getting paid by these brokers for referring new depositors.
So they use the fake demo just to convince you to deposit money, because if you do it, they will get paid an affiliate commission.
Automated Financial Markets is a dangerous scam that uses a fake demo to make believe that it is profitable, but it is not!
If you want to try genuine binary options trading to see how you can make money, do it on a free demo account with a regulated broker.
You can also use the demo to compare prices to see that Automated Financial Markets is not real.
Great Choice For Beginners!
Free Trading Education!
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