OneTwo Trade have ceased all operations. Please visit our recommended brokers page.
If you are looking for a regulated binary options broker that goes the distance to offer customers an abundance of training programs and educational resources, OneTwoTrade may be worth considering. This company is a SpotOption white label, but they offer far more in terms of training and promotions than the average binary options broker. They do have a few drawbacks, particularly where withdrawals and fees are concerned, but they make up for those drawbacks with numerous advantages. Let’s check out both the benefits and disadvantages of this regulated Cyprus-based broker, operating under the Lotteries and Gaming Authority in Malta, license number MGA/CL2/744/2011.
- Official Website: https://www.onetwotrade.com
- Headquarters: Limassol, Cyprus.
- Phone number: 808 189 0049
- USA not accepted
- Trading platform: SpotOption
Is OneTwoTrade a Scam?
In a word, “No.” OneTwoTrade is not a scam. Not a lot of binary options brokers are regulated by financial authorities, but OneTwoTrade is. As a regulated broker, they have to operate within the strict rules and standards set by the Lotteries and Gaming Authority in Malta. This means you know what you can expect from OneTwoTrade. We have also researched OneTwoTrade online and have found nothing but good reviews.
However a ton of traders have really negative complaints below.
Malta regulation is no joke. It’s the real deal.
Is OneTwoTrade the broker you’ve been searching for? Read on to learn more about deposits and withdrawals, assets available, and types of options you can trade on this site. You can then come to an informed decision on whether or not to trade with OneTwoTrade.
Deposit Info – Minimum OneTwoTrade Deposit
- Get started with just $250.
- Deposit methods: Credit or debit card, wire transfer, Skrill, CashU, WebMoney, QIWI, iDeal, SOFORT, and Carte Bleue
- Trade in GBP, EUR, USD, CAD, AUD, JPY, CNY, or BRL
- *$10 min trade
As you can see, there is a lot of flexibility when it comes to deposit currencies and methods. While deposits are flexible, one area where this broker suffers is withdrawals. There are some pretty hefty fees that go withdrawing your money. You need to pay either a $50 fee or 1%, whichever is greater, on every withdrawal, and there is an additional fee of $25 if your account value falls under $250. On top of that, you must meet a turnover based on your deposit, even if you didn’t accept a bonus, if you wish to withdraw your money.
When you are signing up for your account, you have the option of choosing a Privilege Plus account. This is OneTwoTrade’s VIP account. It includes a number of advantages including additional training materials and programs, higher payouts, and a higher maximum trade amount ($3,000 is the standard ceiling for most traders). No matter what type of account you go with, you can benefit from extensive promotions, including free one-on-one training. This is an excellent feature that you will not find at a lot of brokers! You can also get a match bonus of 100% on your deposit no matter what account type you choose. 200% bonuses are available over the weekend, as well as additional bonuses for overnight trading. And you can enter into a raffle for a chance to win a MacBook Pro.
Types of Options Available
Right now, OneTwoTrade only offers standard High/Low trades and 60 Second options. The High/Low options are branded as “SmartOptions” on the modified SpotOption platform. The platform itself is easy to use, and mobile apps are available for trading on your Android or iOS device.
Trading and Training Features at OneTwoTrade:
Double up and rollover. You can stay in your trade past the original expiry time or double your investment for the chance to earn higher profits.
Trade as little as $10 or as much as $3,000.
Enjoy an excellent trading academy with resources like video tutorials, articles on financial management, trading psychology and more, and a free eBook.
While a demo account is not promoted on the site, other resources indicate that one is available if you request it.
What Can You Trade on OneTwoTrade?
OneTwoTrade has 250 assets you can trade, including stocks, commodities, currencies, and indices. This is a massive selection!
Final Thoughts on OneTwoTrade
OneTwoTrade has its pros and cons. Downsides include high withdrawal fees and turnover requirements even for non-bonus accounts. Upsides however far outweigh the downsides. On OneTwoTrade, you have access to excellent training resources, and one-on-one training is offered to all customers, even those with smaller accounts. You have a chance to benefit from a ton of exciting promotions that you will not find on other brokers. If you are trading outside the USA and you are more motivated by bonuses than withdrawal concerns, you will love this broker.
Have You Traded at OneTwo Trade? Leave Rating Below
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