Our Review of OneTwoTrade
OneTwoTrade 2-3 .review
OneTwoTrade is owned by Up and Down Marketing Limited. The company which is an established binary options broker is based in Malta. Founded in 2011, their corporate address is Cobalt House, Level 2, Notabile Road, Mriehel, Birkirkara BKR 3000, Malta.
Account Types + Opening
The company offers binary trading options for individual traders spanning a wide variety of underlying assets in stocks, currencies, commodities and indices. They have developed a range of products which they say are suitable for all levels of experience from a simple starter option to their Diamond VIP package.
They have a comprehensive trading academy on their website offering video tutorials, webinars, strategy lessons, daily market analysis and an education centre. A glossary provides easy to understand explanations of the most commonly used terminology. A TV channel which still shows as an option on their website is no longer available.
Promotions, Sign Up + Deposit Bonuses
Up to 100% bonus is awarded on your very first trade as a special “welcome aboard promotion”. There are however as you would expect a number of conditions including a minimum deposit of $£€500.
They offer a free one 2 one session with one of their expert analysts although again a minimum deposit of $£€250 must be made.
If a trader refers a depositing friend then both trader and friend receive $50 in their accounts.
There are a number of other promotions available.
Commissions and Fees
Each withdrawal carries a fee of £$€50 or 1% whichever is greater. There are different rules as to turnover requirement depending on which type of account it is.
Trading Platform Review & Mobile Apps
The web-based trading platform is clear and easy to use. The company’s mobile trading platform is available for both Apple and Android devices and functions to the standards of its web-based counterpart and is free of charge to its customers. These do not require separate logins.
As well as the normal methods of contact OneTwoTrade also offers Live Chat which can be useful when running into problems requiring a quick solution.
An API from Reuters showing financial news is no longer available.
Deposits & Withdrawal Methods + Ease
Deposits can be made using Visa or Mastercard, Neteller, Moneybookers, or via Bank Transfers and there is no maximum amount.
Withdrawals can be made using card, wire or e-wallet depending on the original source of funds. It may take up to 10 days from the original application for the funds to appear in the client’s credit card statement. There are various identification safeguards in place.
Regulators & Safety: Are they a reliable, legitimate broker or a scam?
The company states that they are regulated and have an MGA License. The MGA or Malta Gaming Authority has the parent company Up and Down Marketing Limited listed as a Class 2 Licensed Operator on their site. This regulation means that the company must meet strict criteria including segregated bank accounts which are audited by third parties. The idea behind this is to ensure that the companies interests are never in conflict with that of the client.