1BID

General information and regulations of 1BID

1BID is an online forex broker registered St. Vincent and the Grenadines less than a year ago.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies.....1BID allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on 1BID. However, we noticed that shares trading is currently not available.

Spreads and commissions for trading with 1BID

1BID does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with 1BID, we recommend that you take the time to calculate these transaction costs.

Account Types for 1BID

Demo Account: 1BID provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: 1BID offers a total of 3 account types: standard, probonus and raw. the minimum deposit to open an account is $100, $unknown and $100 respectively. The threshold established by 1BID for opening an account is not tall. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Trading platforms offered by 1BID

The MT5 trading platform features powerful charting capabilities, including over 50 different technical indicators and intraday analysis tools. Access from a variety of devices also makes trading easier for users.

Leverage offered by 1BID

1BID offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

As for deposits and withdrawals, the company lists only a few payment options, but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc.

Educational resources

There is no education section on the 1BID website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with 1BID.

Customer support of 1BID

Below are the details about the customer service.

Language(s): English, Vietnamese, Thai language

Email: info@onebidasset.com

Phone Number: +66811417611

Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time.

Advantages and disadvantages of 1BID

Advantages:

High leverage

MT5

Many instruments available

Demo account

Disadvantages:

No effective regulation

Few information available

No MT4

No copy trading

Frequent asked questions about 1BID

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

Can I trade cryptocurrencies in 1BID？

Yes, 1BID offers some popular cryptocurrencies.