One Pro Global Review: Learn More About This Offshore Scheme
One Pro Global is an offshore broker based in Mauritius that offers Forex and CFD trading. The broker’s background is why we are suspicious about the whole business. Hence our One Pro Global Review.
The main question that our review aims to answer is whether One Pro Global offers a safe trading environment. To do that, we must first analyze what’s on the table from the license to the platform and payment policies.
|Regulated by:||Mauritius FSC|
|Is This Company Safe?||No|
|Have Warnings from:||N/A|
|Trading Platforms:||MT4, WebTrader|
|Minimum Deposit:||100 $|
|Trading Assets:||Forex, Indices, Commodities, Metals, Futures|
|Free Demo Account:||Available|
|How to Withdraw from This Company?||You can request a withdrawal from One Pro Global’s representatives or contact us in case you face any issues regarding this issue.|
Legal Info: Is One Pro Global Legit or a Scam?
One Pro Global is an offshore brokerage. What does this mean for the broker’s regulation and reliability? Is it safe to trade with One Pro Global or are onshore brokers are better alternative?
One Pro Global Limited is a company based and authorized in the offshore domain of Mauritius, license number GB20025905. According to the type of license, One Pro Global belongs to the following category: SEC-2.1B Investment Dealer (Full Service Dealer Excluding Underwriting). What does this type of license imply?
The Mauritius FSC says that the investment-dealer-broker license without underwriting “shall maintain a minimum stated unimpaired capital of Mauritian rupees 700,000 or an equivalent amount and submit evidence pertaining thereto.” Converted into US dollars, this amount is around 15,000 $.
So it takes a lot less money to set up a brokerage offshore, plus the regulations there are lax, i.e. not credible at all. One Pro Global also claims to have offices in New Zealand and Hong Kong but these entities are not regulated by the two countries’ respective authorities (FMA & SFC).
We do not recommend you trade with offshore brokers such as One Pro Global or even worse, anonymous scammers such as capital-hub.
Why Brokers With Tier 1 Regulation Are a Better Choice
For comparison sake, brokers that legitimately operate under the jurisdiction of the European Securities and Markets Authority (ESMA) must possess a minimum operating capital of 730,000 EUR.
In the US, that requirement is a staggering 20,000,000 $! This shows that onshore domains are much more demanding but offer a safer trading environment.
On top of the capital requirement, onshore brokers must provide clients with security perks such as negative balance protection, segregated funds, leverage restriction (1:30 (Europe, Australia) – 1:50 (US, Canada)), and even a compensation scheme (i.g. up to 20,000 EUR) in case the company goes insolvent.
Who Are One Pro Global’s Users?
According to whois, the One Pro Global website domain was created on January 27, 2021. Since then, the broker has been offering services mainly to traders from the following countries:
- United Arab Emirates;
- Sri Lanka;
The data from similarweb.com shows that in May this year, One Pro Global’s website was visited around 25,200 times, the most numerous users being UAE traders. If you need help recovering your funds from One Pro Global, contact us.
What do trades think about One Pro Global? We decided to check the broker’s trustpilot page and find out. At the time of this writing, One Pro Global had 23 reviews and an average score of 3.5 (average). Since late May this year, complaints against the broker started appearing on that website. Traders have raised their voices to expose the One Pro Global scheme.
One of the worse broker you can pick i had account there but i withdraw my money huge spreads full of slipage. Mt4 is rubish it works when it wants cant get anybody on support it takes days to get help trades getting closed before a stop out no bonuses dont trade here is much better brokers out there.– Trustpilot user, May 25, 2023.
I applied for withdrawal, but so far it has not been processed. The customer service and email can not be contacted also they require me paying taxes on withdrawals I attempted multiple times to contact my manager, but he was never accessible…– Trustpilot user, June 9, 2023.
One Pro Global Trading Platforms
One Pro Global offers MetaTrader 4, a renowned trading software with advanced features such as automated trading and a user-friendly interface. Aside from MT4, One Pro Global also offers a web-based trading terminal, which is not up to par with the first platform.
The broker promises that more trading platforms will be available soon (MT5 & cTrader). The inclusion of those two platforms will certainly be advantageous but still not enough to compensate for the broker’s questionable trading license.
As for the available platforms, traders said that the One Pro Global MT4 is malfunctioning while the WebTrader is lackluster and ineffective.
OnePro Trading App
The One Pro mobile trading app will also be available soon, per the broker’s website. One Pro Global says that this app will be available for Android and iOS systems.
Again, our stance is the same regarding the mobile app – the broker’s license is not credible enough to imply safe trading. It’s better to avoid dealing with brokers that are not trustworthy such as One Pro Global and 77markets.
Here’s an overview of One Pro Global’s trading instruments we found on the broker’s website:
- Forex currency pairs – AUD/CAD, EUR/USD, CHF/JPY…
- Indices – NIKKEI 225, DAX 30, S&P 500…
- Metals – gold, silver;
- Commodities – crude oil, natural gas…
- Futures – USOILft, HK50ft…
Choice of Account Types
One Pro Global offers four different account types. Here’s an overview:
- Standard – 100 $, average spread 1.6 pips, leverage up to 1:500;
- VIP – 100 $, average spread 1 pip, leverage up to 1:500;
- ECN – 1,000 $, average spread 0.2 pips, leverage up to 1:500.
- Islamic – swap-free.
The minimum deposit requirements are alright but the numbers we listed are the requirements for the initial deposit. If you’re still interested in this broker, please try out the demo account first. It seems that the Standard and VIP accounts cost the same, which eliminates the purpose of the former type.
There is a One Pro Global demo account available. We advise you to try out this account if you are interested in this broker although we do not recommend you invest real money in this platform.
Novice traders should always first open a demo account instead of a live version. The one pro global login page offers clients to choose the trading platform, account type, maximum leverage and deposit amount (virtual capital).
Leverage, Spreads & Commissions
The maximum leverage is 1:500, which is typical of offshore brokers. As we mentioned, the regulatory limit for retail clients is 1:30 in Europe and Australia and 1:50 in North America. High leverage is a double-edged sword; it can lead to profits but more often results in losses.
As for the spreads, the average spread for the Standard account is around 1.6 pips, which is just above the industry’s standard of 1.5 pips. One Pro Global charges 0.3 $ (Standard), 0.2 $ (VIP), and 0.1 $ (ECN) for XAU/USD (gold) trading.
Which Types of Bonuses Are There?
One Pro Global awards a deposit bonus of 30%. There is also a discrepancy regarding the bonus policy and the account minimum deposits. Namely, the account supposedly costs 100 $ but the bonus terms and conditions say that the minimum deposit is 1,000 $.
In order to withdraw the bonus, i.e. transfers it to the account balance, traders have to 25% standard volumes of the credit bonus within 60 days of receiving it. Keep in mind that bonuses are banned in Europe and Australia, precisely because of such conditioning clauses.
Deposit & Withdrawal Process
Here is the list of One Pro Global’s available payment methods for deposits and withdrawals:
- Credit/debit cards;
- Wire transfers;
- E-wallets (Skrill, Neteller, etc.);
According to the deposit & withdrawal page on the website, it seems that the minimum deposit amount keeps varying depending on the payment method. The deposit processing time is 24 hours for all methods. When it comes to withdrawals, it’s pretty much the same numbers and processing time. Allegedly, there are no deposit or withdrawal fees.
24/7 Customer Support
One Pro Global promises “multi-language customer service and round-the-clock” support. If true, then it is a huge advantage for this company. However, some complaints have exposed the lie behind this empty promise. The broker actually offers poor customer support and does not respond adequately and timely. Call us for help if you have issues withdrawing your funds.
Key Information To Consider About One Pro Global
To sum up, One Pro Global is not a safe broker. We do not recommend that you trade with One Pro Global simply because this entity is based in the offshore domain of Mauritius.
If this company has defrauded you and stolen your money, please notify our team about it. Book your free consultation with us today and share your experience with our experts. They will help you recover your funds via a chargeback procedure or trace your transaction using CipherTrace.
What Is One Pro Global?
One Pro Global is an offshore broker registered in Mauritius. This platform offers Forex and CFD trading.
Is One Pro Global A Scam Broker?
One Pro Global seemingly scammed several traders. Do not invest in this offshore provider. Contact us for help if you already did.
Does One Pro Global Offer a Demo Account?
Yes, One Pro Global offers a risk-free demo account with virtual funds.