OneTwoTrade
Traders from United States welcome
Traders from United States welcome
| 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 2011, 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/CL2/744/2011. 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.
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Coverage
When OneTwoTrade first started operations in 2011, the range of asset coverage was quite limited featuring around 50 different types of assets. However today, OneTwoTrade have expanded their asset offering tremendously. Now traders can trade up to 253 different types of assets.
Trading Accounts (Benefits, Funding Options)
The trading accounts at OneTwoTrade are classified into 4 types, Bronze, Silver, Gold and VIP. At the lowest end of the spectrum is the Bronze trading account which requires a minimum deposit of $/₤/€ 200. The Bronze account comes with a standard level of support but as we go up the scale, the level of support and size of bonuses also increases. At the top end of the spectrum is the VIP account which require traders to make a minimum deposit of $5001/- before they qualify for it. As for funding for trading accounts, this can be done with credit cards, Neteller, Skrill Moneybookers and wire transfer.
Customer Support
Support at OneTwoTrade is actually quite comprehensive. Another thing to note about their support team is multilingual ability. Most of the support team speaks more than one language, so they can provide voice support in Turkish, Russian, French, Spanish and Arabic. To further bolster their support services, OneTwoTrade has provided their traders with an educational “Trading Academy”. Traders can further enhance their trading knowledge with all the resources found in the trading academy. In the event that a trader needs to consult with a customer service representative, they can do so by email, live chat or the telephone. However, the support team is not available 24/7 as the support lines are only manned the support lines from 10am to 8pm (Mon – Fri) and 11am to 3pm (Sat). They are closed on Sunday.
Payouts & Bonuses
The payouts offered by OneTwoTrade are quite generous with the maximum payout ratio at 85% for normal trades. On average, traders can expect a minimum of 80% returns for their investments.
As for the bonuses, they depend on the promotional offer running at the time. The lowest offered so far is 20% and this can go up to as high as 150%. However traders should take note that these bonuses come with strict conditions attached. So it’s best that they study all the term and conditions first before accepting the bonuses.
Conclusion
Our overall opinion about OneTwoTrade is that they have shown considerable improvement from when they first started operations. This is a good sign as it shows that they are willing to improve the quality of their services for the benefit of their traders. While they are not regulated by a dedicated financial regulatory authority like the CYSEC or FCA, they are still regulated by Malta’s LGA. So in the event traders want to complain about OneTwoTrade’s services, they can forward their complaints to the LGA.