Score
ONEBID
Saint Vincent and the Grenadines|2-5 years| https://www.onebidasset.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
onebidasset.com
Server Location
Singapore
Website Domain Name
onebidasset.com
Server IP
172.104.185.162
Company Summary
| Broker Name | 1BID |
| Registered in | St. Vincent and the Grenadines |
| Regulated by | FSA |
| Year(s) of establishment | Within 1 year |
| Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies |
| Minimum Initial Deposit | $100 |
| Maximum Leverage | 1:500 |
| Minimum spread | Low |
| Trading platform | MT5 |
| Deposit and withdrawal method | Bank wire transfer, union pay, swift, alipay |
| Customer Service | Email/phone number/address |
| Fraud Complaints Exposure | No for now |
1BID Information
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.
Pros and Cons
| Pros | Cons |
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Is 1BID Legit？
1BID, operated by ONEBID ASSET LLLC, is regulated in Saint Vincent and the Grenadines, authorized by the Financial Services Authority (FSA) under license no. 2432 LLC 2022.
Market Instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies.....1BID allows clients to access over 1,000 tradable instruments. 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
The NANO account, designed for beginners, features no trading fees and is swap-free, allowing traders to start with minimal lots. The STANDARD account, suitable for advanced traders, offers floating spreads from 1 pip with no commissions across over 1000 assets. For professionals, the ECN account provides market spreads and direct liquidity access, emphasizing low spreads. The premium PRO account builds on the ECN model, adding a $10 per lot cashback, a 10% interest rate, and VIP services.
| NANO | Standard | ECN | PRO |
| No trading fees | Spreads from 1 pips | Low Spreads | 10% interest rate |
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 4 account types: Nano, Standard, ECN and Pro. The minimum deposit to open an account is $100. 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 platform 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
Deposit Options
| Payment Options | Help2Pay | Visa/Mastercard | Perfect Money | Cryptocurrency |
| Minimum Deposit | USD 10 | USD 10 | USD 10 | USD 10 |
| Commissions | 0% | 1.5% | 2.0% | 0% |
| Processing Time | From 30 minutes to 2 business days. | From 30 minutes to 2 business days. | From 30 minutes to 2 business days. | Not specified |
Withdrawal Options:
| Payment Options | Help2Pay | Visa/Mastercard | Perfect Money | Cryptocurrency |
| Minimum Withdrawal | USD 10 | USD 10 | USD 10 | USD 10 |
| Commissions | 2% | 2.5% | 2.0% | 1.0% |
| Processing Time | From 30 minutes to 2 business days. | From 30 minutes to 2 business days. | From 30 minutes to 2 business days. | Not specified |
Educational resources
There is no education section on the 1BID website. Many brokers are able to provide some basic 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 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
Conclusion
To provide a summary, 1BID is an offshore-regulated online forex broker that doesn't provide a beginner-friendly MT5 trading interface and has few educational tools, making it more suited to seasoned traders than beginners. In this way, traders without experience are advised to look elsewhere.
FAQs
Is 1BID legit？
Yes, 1BID operates legally. But it is regulated offshore, suggesting a weak impact on protecting clients' safety.
Does 1BID offer demo accounts？
No, 1BID does not provide demo accounts.
Is 1BID a good broker for beginners？
No, 1BID isn't the best option for beginners, as it is regulated offshore and doesn't provide useful tools like MT4, demo accounts, and educational materials.
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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Natsuki H., Hyogo
Colombia
The platform doesn't have enough tools for me. I need more ways to look at the market and make my decisions, but it's not there. That's a pity. 😒😒😒
Neutral
06-28
FX1449611766
Australia
I almost fell for their scam and deposited money to open an account. Thankfully, a friend saved me by warning me about their lies. They promised the narrowest spreads and the most advanced trading platform, but the truth is they're not even regulated. It's all just a bunch of lies to deceive people. Stay away from these scammers!
Neutral
2023-03-28
FX6779952082
India
Reliable broker with excellent execution and low fees. Trading has been smooth and profitable. and also Impressive range of trading instruments and educational resources. Perfect for both beginners and pros.
Positive
06-25
ONEBID ASSET
Belarus
Dear WikiFX Team, First of all, receive a cordial greeting on behalf of our ONEBID Financial Broker. We appreciate the time taken to review our Company. Our Broker ONEBID is incorporated in Saint Vincent and the Grenadines. We are holders of a License which allows us to operate in accordance with local and global regulations. We provide support services to clients from all countries in the world, except in the countries of the jurisdictions indicated on our website. We offer the highest standards of brokerage services, so that our clients feel completely secure. It is necessary to mention that the information about our trading accounts, present in the information table on this page is outdated information. We say goodbye with all due respect, hoping that this message can positively influence your review of our Broker. Sincerely, ONEBID Team.
Positive
2023-11-11
FX1254905381
Hong Kong
A friend advised me to cooperate with this broker, and I decided to try. Well, there's nothing special here. Everything is like everyone else. Quite good operational support service. Of course, I was also pleased with the demo accounts, thanks to which I learned good and promising trading here.
Positive
2023-02-27