One Trading Review 2024

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Written By
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Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Fact Checked By
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Fact Checked By
Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
Updated

3 / 5
One Trading is #29 in our crypto broker rankings.
€0
Instant Trade, Exchange
Crypto Spot Trading, Crypto Derivatives (launching soon)
AFM, OAM
EUR, GBP, CHF
Wire Transfer, PayPal, Apple Pay, Credit Card, Debit Card, Google Wallet, Klarna, Sofort, iDeal, Swift, Bitcoin Payments, Ethereum Payments

Pros

  • With a growing roster of 100+ digital tokens, plus derivatives trading through perpetual futures launching, One Trading offers diverse opportunities for crypto traders.
  • Support for EUR, CHF, and GBP accounts alongside registration with the Dutch AFM and Italian OAM make the platform accessible and secure for EU traders.
  • Round trip execution speeds of 72 microseconds will help ensure active traders can secure fast entries and exits in fast-moving crypto markets.

Cons

  • Customer support gaps exist, with great response times via email but a frustrating lack of live chat or telephone assistance, with fast resolutions critical in volatile crypto markets.
  • The €5000 minimum order size for Instant Trade limits its use to well-capitalized retail traders or institutional investors, deterring casual users.
  • One Trading lacks features like structured courses, market insights, or live trading sessions, providing little to upskill newer traders, with eToro outperforming here.

One Trading Review

Regulation & Trust

2.5 / 5

One Trading shows promise as it aims to be the EU’s only regulated platform for trading digital asset derivatives:

The platform must comply with strict regulatory standards, including anti-money laundering (AML) and Know Your Customer (KYC) processes.

Still, we’re always sceptical about fairly new entrants, especially in the high-risk crypto space. Since One Trading only launched in 2024 after rebranding from Bitpanda Pro, it still needs to prove itself to earn a high trust score.

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Regulation & Trust Rating
Regulators AFM, OAM FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
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Accounts & Banking

3.3 / 5

Accounts

One Trading uses a straightforward account structure:

  1. Exchange Main Account: This is the central account where you must deposit and withdraw. It facilitates trading on the broker’s Exchange, known as F.A.S.T Exchange or Exchange Pro.
  2. Instant Trade Main Account: This account can only be used for Instant Trade, where you can swap digital assets like bitcoin for fiat currencies like the euro up to a value of €5 million in just one click.
  3. Subaccounts: This allows you to set up different accounts for various short-term trading strategies, making it a useful feature for advanced traders who may want to separate their portfolio.

With the crypto space notorious for scams and security breaches, it’s reassuring to see that two-factor authentication (2FA) is mandatory, providing an important layer of extra security. I had no issues setting it up and it added mere seconds to the sign-in process.

That said, UK traders can only open a professional account so I have limited access to the platform and features.

💡
To access One Trading as a Bitpanda Pro customer for the first time, reset your password using the “Forgot your password” option on the One Trading login page with your Bitpanda Pro email. All account data is retained.

On the downside, it’s frustrating that a proper demo account isn’t available. This would be an excellent way to check you get on with the One Trading platform before risking real funds.

Paper trading accounts are offered by the majority of crypto firms we’ve tested, including eToro.

Deposits & Withdrawals

One Trading offers flexible deposits and withdrawals via a growing selection of fiat and crypto payment solutions:

One Trading is geared towards European traders with accounts based in EUR, CHF and GBP. This makes it one of the few providers that do not support USD trading accounts.

If you plan to deposit and withdraw in another fiat currency be prepared to pay conversion fees, which could cut into profits if you’re a day trader making frequent transactions.

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Accounts & Banking Rating
Payment Methods Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Google Wallet, iDeal, Klarna, PayPal, Sofort, Swift, Wire Transfer Credit Card, Debit Card, Mastercard, PayPal, Visa, Wire Transfer ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer
Minimum Deposit €0 $0 $0
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Assets & Markets

3 / 5

One Trading specializes in crypto trading, and will provide opportunities on bitcoin and a growing roster of over 100 altcoins.

Its offering noticeably improved in August 2024, after it introduced 49 fresh trading pairs, such as DOGE/USDC and OMG/BTC.

You will have the option of trading crypto-only pairs, such as BTC/ETC or crypto-fiat pairs, such as BTC/EUR. Unusually, you won’t be able to trade cryptos paired with USD.

Bitcoin tokens at One Trading

This is a reasonable selection and I expect it to continue growing, but for now, it still trails alternatives.

For example, dedicated crypto exchanges like Coinbase offer 250 cryptocurrencies while crypto brokers like Eightcap, which has won DayTrading.com’s ‘Best Crypto Broker’ award, provide more than 120 crypto derivatives, including crypto CFDs and crypto indices for broader market exposure.

The brokerage is yet to go live with its digital asset derivatives, notably perpetual futures. This One Trading review will be updated when that service is fully operational.

I would consider whether you plan to diversify your portfolio beyond crypto before opening a One Trading account.

Increasingly, firms offer multi-asset trading opportunities, combining cryptos with stocks, forex and commodities, providing a one-stop-shop to manage all your investments.

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James Barra
Author
Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Assets & Markets Rating
Trading Instruments Crypto Spot Trading, Crypto Derivatives (launching soon) CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
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Fees & Costs

3 / 5

One Trading distinguishes itself by offering 0% fees when you spot trade cryptocurrencies. Sounds great, right?

However, there are still charges you may incur:

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Fees & Costs Rating
Crypto Spread 1% Variable 0.12%-0.18%
Inactivity Fee €0 $12 $0
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Platforms & Tools

3 / 5

Web Platform

One Trading offers a web-accessible platform and mobile app, available on iOS and Android devices.

What stands out is the distinct look and feel, sporting a blue and pink design that’s refreshing and easy to navigate.

The ‘Exchange’ hosts sophisticated tools for active traders, including a TradingView-powered charting package with nine timeframes (1 minute to 1 month), 7 charting styles (I like Heiken Ashi for its smooth visualization of price action) and dozens of technical indicators.

One Trading Exchange Pro Chart

My gripes are that the original chart size is minuscule and it’s not the easiest platform to customize.

The arrow buttons to minimize, maximize and tailor the widgets are so small that it took me several minutes just to locate them. Then I had the fiddly task of getting the workspace to how I actually wanted it.

Still, there are a couple of features that will be beneficial for active traders:

Take a look at my video tour of the One Trading platform to see its layout and key features:

App

The One Trading app carries over the same intuitive design you get on the web platform. I downloaded it on my iPhone and I have no complaints when it comes to reliability.

Navigating between ‘Markets’, ‘Trade’, ‘Accounts’ and ‘Profile’ is fast and the pinch and zoom functionality in the mobile charts is super responsive.

My only frustration is that you can’t seem to put the chart in horizontal mode. Being stuck having to annotate a chart in portrait mode is a pain.

As a result, day traders who spend significant amounts of time analyzing charts might be best off using the web-based solution on a desktop computer.

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Platforms & Tools Rating
Platforms Instant Trade, Exchange Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Mobile App iOS & Android iOS & Android iOS & Android
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Review Review Review Review

Research

1 / 5

One Trading seriously needs to invest in its research features if it’s to compete with the best brokers in 2024.

There’s next to nothing in terms of market insights from in-house analysts or partnerships with reputable third parties like Trading Central and Autochartist.

This is a shame because these can really help active investors identify opportunities and trade with confidence.

I’ve read many of One Trading’s blogs (there were about 10 pages of them during our latest tests) and the closest you get to market research are some ‘Weekly Commentary’ pieces.

However, they don’t follow a consistent format, they’re too high-level to provide real value for experienced traders, and they haven’t kept them up each week so they can’t be relied upon.

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James Barra
Author

As a comparison, the market research at eToro is fantastic. You can filter specifically for ‘Crypto’,  while its weekly market round-ups through ‘Crypto Bites’ are a great read.

But best of all, you have an active social trading community constantly sharing insights and trading ideas spanning all corners of the crypto world.

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Research Rating
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Education

0.5 / 5

One Trading falls woefully short in the education department, making it a poor choice for beginners.

While brokers are increasingly offering first-rate tools like structured learning courses, interactive quizzes, live trading sessions, podcasts and even a daily morning show if you use IG, the closest you’ll get to learning tools at One Trading are a few blogs.

The one that’s likely to be of most value to short-term traders is ‘Techniques, Indicators, and Applications for Crypto Technical Analysis’. However, I’ve read it and it’s just a starting point with limited charting examples beyond the section on the Relative Strength Index (RSI).

Blog from One Trading broker on crypto technical analysis

If education is important to you, I’d consider a broker like IG. It has the best education package I’ve seen after years of evaluating online brokers.

You’ve got 18 courses on essentials like technical analysis and risk management, while it remains the only broker I’ve come across with a dedicated app for trading education, IG Academy.

Similar to research, my hope is that as One Trading grows, it will expand its educational resources to help upskill aspiring traders.

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Education Rating
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Customer Support

2.5 / 5

Customer support at One Trading is a mixed bag.

On the one hand, I received responses to each of my five account queries within an hour during testing (despite advertised response times of up to 24 hours), with helpful information delivered in a professional manner.

You also have a choice of 24/7 support in English, German and Italian, again reaffirming that the broker is geared towards European traders.

However, you’re restricted to filling out a basic request form which twice deleted some of my inputs, meaning I annoyingly had to re-enter the information.

There’s also no live chat support on the trading platform or website, nor is there a telephone number to ring.

This marks it out against competitors like ActivTrades which offers around-the-clock support and even a dedicated account manager for some users, providing a sense of reassurance that someone is always on-hand should you encounter an issue trading.

Comparison of similar brokers 2024
One Trading IG Interactive Brokers
Customer Support
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Should You Day Trade With One Trading?

Perhaps one day, but not yet.

If you’re an experienced trader in the EU looking for a regulated firm to trade crypto derivatives like perpetual futures (when they become available) with ultra-fast execution speeds, then it has potential.

However, it still needs to round out its offering, particularly in terms of education, research and customer support, to provide the full package for active crypto traders.

FAQ

Is One Trading Legit Or A Scam?

One Trading appears to be a legitimate firm, though its relatively short history means the jury is still out.

It’s registered as a Virtual Asset Service Provider (VASP) in Italy and holds a crypto derivatives license with the Dutch Authority for the Financial Markets (AFM).

The company is based in Europe with offices in Amsterdam, London, and Milan.

Is One Trading Suitable For Beginners?

The lack of demo accounts and educational tools, high minimum order size of €5000, alongside its planned focus to provide complex derivative products in the volatile crypto space, means One Trading is less suitable for beginners.

Top 3 Alternatives to One Trading

Compare One Trading with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. FOREX.com – Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

One Trading Comparison Table

Compare One Trading With Similar Brokers
One Trading IG Interactive Brokers FOREX.com
Rating 3 4.7 4.3 4.5
Markets Crypto Spot Trading, Crypto Derivatives (launching soon) CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, Stocks, Futures, Futures Options
Demo Account No Yes Yes Yes
Minimum Deposit €0 $0 $0 $100
Minimum Trade €5000 0.01 Lots $100 0.01 Lots
Regulators AFM, OAM FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM NFA, CFTC
Bonus Active Trader Program With A 15% Reduction In Costs
Education No Yes Yes Yes
Platforms Instant Trade, Exchange Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Leverage 1:30 (Retail), 1:250 (Pro) 1:50 1:50
Payment Methods 12 6 6 8
Visit Visit Visit Visit Visit
Review IG
Review
Interactive Brokers
Review
FOREX.com
Review

Compare Trading Instruments

Compare the markets and instruments offered by One Trading and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare One Trading Trading Instruments
One Trading IG Interactive Brokers FOREX.com
CFD No Yes Yes No
Forex No Yes Yes Yes
Stocks No Yes Yes Yes
Commodities No Yes Yes Yes
Oil No Yes No Yes
Gold No Yes Yes Yes
Copper No Yes No No
Silver No Yes No Yes
Corn No No No No
Crypto Yes Yes Yes No
Futures No Yes Yes Yes
Options No Yes Yes Yes
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

One Trading vs Other Brokers

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