Let's start here:
OnePro global, a relatively new broker with a presence spanning just a few years, provides a wide array of popular trading instruments including forex, CFDs, metals, indices, and commodities. Although they have plans to introduce multiple advanced trading platforms such as MT4, MT5, cTrader, and ONEPRO APP, currently, only MT4 is in use. Their transparent approach is evident in the tiered account structure, appealing to both novice and experienced traders. Now, let's delve deeper to explore more about this broker.
Overview
What is OnePro？
OnePro is an STP forex broker founded in 2019 and registered in New Zealand, offering trading services on various financial instruments including forex, metals, indices, commodities and futures. The company is based in New Zealand and is registered with FSPR (Exceeded) and offshore regulated the Financial Services Commission (FSC). OnePro claims to provide clients with access to advanced trading tools, trading platforms, and educational resources to help them make informed trading decisions. The broker also offers multiple account types, payment methods and multilingual customer support.
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 make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
OnePro is a regulated broker that offers a variety of trading instruments and platforms, as well as educational resources and multilingual customer support. The broker also provides competitive trading conditions, such as high leverage and low spreads, and a range of payment methods.
However, some potential drawbacks include the lack of clarity on commissions. Overall, traders should carefully consider the advantages and disadvantages before deciding to trade with OnePro.
Is OnePro Safe or Scam？
When it comes to
Initially, OnePro operates through an entity located in Mauritius, which is considered an offshore jurisdiction. This entity, known as ONEPRO GLOBAL (MAURITIUS) LIMITED, falls under the regulatory oversight of the Financial Services Commission (FSC). The FSC has granted this entity a Retail Forex license, permitting it to conduct forex services.
In New Zealand, ONEPRO GROUP NZ LIMITED (registered under FSPR number 100479) holds a Financial Service Corporate registration. However, it lacks the required license for forex training, which exceeds its authorized activities.
Market Instruments
Tradable financial instruments available on the OnePro platform include Forex, which is the trading of currency pairs such as EUR/USD and GBP/USD; metals, such as gold and silver; indices, which are collections of stocks that represent a particular market or industry; commodities, such as crude oil and natural gas; and futures, which are contracts that allow traders to buy or sell assets at a future date and predetermined price. With this range of instruments, OnePro provides traders with diverse options for creating a diversified investment portfolio.
OnePro Global Minimum Deposit
To open a Standard account, a minimum deposit of $100 is necessary, aligning with industry norms. While certain brokers, such as Axi ($0) and Exness ($10), demand lower initial deposits, it's essential to consider factors like regulation, trading conditions, spreads, fees, and other aspects alongside the deposit amount. This is especially important for beginners.
Here is the table showing the comprison of OnePro minimum deposit with other brokers:
Account Types
OnePro claims to offer four types of trading accounts, namely Standard, VIP, ECN and Islamic. The minimum initial deposit to open a Standard and VIP account is as low as $100, which seems quite acceptable for most regular traders. While the ECN account requires an immensely high account opening amount, up to $1,000. Demo accounts are also available.
OnePro Global Demo Account
OnePro welcomes beginners to explore its demo accounts, which offer a valuable opportunity to immerse themselves in the trading environment, practice their trading skills, and inject $100,000 virtual funds for clients to use.
Opening a demo account is a simple and easy process:
Step 1: Simply click on the “Open Account” button found on the OnePro Global website's homepage, and then proceed by clicking the “Open demo account” button on the subsequent popup screen.
Step 2: Then, you can complete the process by entering your personal information such as your name, email, and phone number into the designated fields. Additionally, you can customize your demo account by specifying account types, leverage ratios, and the desired deposit amount you wish to fund.
Step 3: Lastly, click the “Submit” button, and your demo account will be promptly activated. You can then use the $100,000 virtual fund to gain experience in a simulated trading environment on the platform.
Leverage
In terms of trading leverage, the maximum leverage level offered by OnePro is up to 1:500 for all instruments, which is considered high.
Crucially, while high leverage can amplify gains, it can also magnify losses. Traders should exercise caution and only use leverage they are comfortable with and have a solid understanding of the risks involved. OnePro's high leverage level may be suitable for experienced traders who are comfortable with the risks associated with using high leverage.
Spreads & Commissions
Spreads with OnePro are scaled with the accounts offered. Specifically, the average spread on the Standard account is 1.6 pips, 1.0 pips on the VIP account, and 0.2 pips on the Islamic account. However, the lack of information on commissions may lead to uncertainty around the total trading costs for traders. Therefore, it's essential to consider both spreads and commissions when evaluating the cost of trading with OnePro.
Below is a comparison table about spreads and commissions charged by different brokers:
Note: Spreads can vary depending on market conditions and volatility.
Trading Platforms
OnePro offers its traders access to the popular trading platform, MetaTrader 4 (MT4), an industry-leading platform providing advanced charting tools, technical analysis indicators, and various order types. MT4 is available for desktop, Mac, iOS, Android, and WebTrader, making it accessible to traders on the go.
Additionally, OnePro plans to add MT5 and ONEPRO App to its list of trading platforms in the future.
Overall, OnePro's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Note: This information may be subject to change, and other platforms may also be available.
Trading Tools
OnePro offers a range of trading tools designed to help traders make informed decisions. The Technical Analysis section provides traders with market analysis and trading signals based on technical indicators. The Daily Markets Report provides an overview of the previous day's market activity and highlights the day's potential trading opportunities. The Live Sessions allow traders to interact with professional traders and receive guidance on trading strategies.
The Market insights section provides in-depth analysis of various financial instruments, while the Economic Calendar provides a schedule of important economic events and announcements that could affect the markets. These trading tools can be very helpful for traders, especially those who are new to trading or looking to improve their trading strategies.
Deposits & Withdrawals
OnePro offers a wide range of payment methods including credit/debit cards, online wallets like Neteller and Skrill , Perfect Money, Bitcoin, Tether, online banking and bank wire transfer. The minimum deposit for both Standard and VIP accounts is $100 or equivalent, while for ECN account is $1,000 or equivalent. Deposits and withdrawals are both free.
OnePro minimum deposit vs other brokers
Most deposits and withdrawals can be processed within 24 hours, while MasterCard deposits and withdrawals requires 5-7 days. Please note that you will have to withdraw the same amount of your deposit back by the same method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits.
Bonuses & Fees
It's important to exercise caution when considering a bonus offer from any broker, including OnePro. While the maximum bonus amount of $10,000 may seem enticing, it's important to note that bonuses are not client funds and come with heavy requirements that can be difficult to fulfill. As such, traders should carefully consider the terms and conditions associated with any bonus offer before accepting it.
See the fee comparison table below:
Customer Service
Additionally, they have a physical address listed and a FAQ section on their website, indicating transparency and willingness to address customer inquiries.
Overall, OnePro's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Note: These pros and cons are subjective and may vary depending on the individual's experience with OnePro's customer service.
Education
OnePro offers its clients a variety of educational resources to help traders improve their trading skills and knowledge. The Trading Knowledge section on their website provides traders with a range of articles covering topics such as trading strategies, risk management, and trading psychology. The Video Tutorials section provides access to a variety of videos covering different topics, such as how to use their trading platforms and how to conduct technical analysis. Additionally, OnePro offers webinars on various topics, which can be attended by clients for free. The educational resources provided by OnePro can be beneficial to traders of all skill levels, from beginners to advanced traders.
Conclusion
In conclusion, OnePro is a regulated online broker that offers a wide range of financial instruments, trading accounts, and trading platforms for its clients. The broker provides a variety of payment methods with low minimum deposits and fast withdrawals. OnePro also offers various trading tools and educational resources to help traders make informed decisions. However, traders should be cautious with bonus offers as fulfilling the requirements can be challenging. Overall, OnePro is a suitable choice for experienced traders who are looking for a regulated broker with a range of trading instruments and platforms.
Frequently Asked Questions (FAQs)
Q 1: Is OnePro regulated？
A 1: Yes. It is regulated by Securities and Commodities Authority (SCA).
Q 2: At OnePro, are there any regional restrictions for traders？
A 2: Yes. The information on OnePros site is not intended for residents or clients by using this trading information from the U.S, Singapore, Hong Kong, North Korea and Iran, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Q 3: Does OnePro offer the industry-standard MT4 & MT5？
A 3: Yes. OnePro supports MT4 only for the moment. MT5, and cTrader, OnePro App are coming soon.
Q 4: What is the minimum deposit for OnePro？
A 4: The minimum initial deposit to open an account is $100.
Q 5: Is OnePro a good broker for beginners？
A 5: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and cTrader platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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