ONEBID (1BID) Forex broker review

ONEBID (also known as 1BID) is a regulated broker offering Forex and CFDs trading. The broker operates under the oversight of the Financial Service Authority (FSA) of Saint Vincent and the Grenadines (SVGFSA). However, this regulator is less stringent which naturally raises questions about the broker’s reliability and safety. While ONEBID provides traders with various account types and high leverage levels, the lack of phone support and limited transparency about its origins are serious red flags.

ONEBID (1BID) Overview of the website

ONEBID website is compact and easy to navigate. However, it misses some important information such as the broker’s contact phone number and information about its establishment details. This lack of transparency is a serious issue that makes it risky to open an account with ONEBID Forex broker. Offshore regulations only strengthen these suspicions about the broker. Overall, the website of ONEBID is good but the transparency and safety are heavily questionable which makes it difficult for us to suggest this broker to our readers.

ONEBID (1BID) Accounts Reviewed

ONEBID offers several account types and has both low spread and low commissions. However, with these many accounts, the broker does not offer any diversity or distinctive features. Therefore, this is more like a marketing strategy rather than a truly useful feature. Let’s list and overview each of these trading accounts below.

ONEBID (1BID) Nano Account

Nano account is designed for novices, offering lower lot sizes and high leverage. It only offers trading currencies and metals and the high leverage is risky for beginners. Here are its conditions:

• Minimum deposit – 0 USD
• Typical spreads on EURUSD – From 0.7 pips
• Commissions – 0 USD
• Minimum lot size – From 0.001 lots
• Maximum leverage – 1:1000
• Trading Instruments – Currencies, Metals
• Trading platform – MetaTrader 5

ONEBID (1BID) Standard Account

The standard account specs:

• Minimum deposit – 0 USD
• Typical spreads on EURUSD – From 0.7 pips
• Commissions – 0 USD
• Minimum lot size – From 0.01 lots
• Maximum leverage – 1:500
• Trading Instruments – Currencies, Metals, Energy, Indices, Shares, Cryptocurrencies
• Trading platform – MetaTrader 5

Overall, the ONEBID standard accounts offer more trading instruments than the nano accounts and are designed for general Forex trading purposes.

ONEBID (1BID) ECN Account

ONEBID ECN is an account dedicated to scalpers with its low spreads:

• Minimum deposit – 100 USD
• Typical spreads on EURUSD – From
• Commissions – from 0.002 %
• Minimum lot size – From 0.01 lots
• Maximum leverage – 1:500
• Trading Instruments – Currencies, Metals, Energy, Indices, Shares, Cryptocurrencies
• Trading platform – MetaTrader 5

The ECN account has lower spreads but includes commissions for trading. The initial deposit starts from 100 dollars which is higher than both standard and nano accounts, creating entry barriers for beginner scalpers.

ONEBID (1BID) Pro Account

The pro account has the following conditions:

• Minimum deposit – 10,000 USD
• Typical spreads on EURUSD – From
• Commissions – from 0.002 %
• Minimum lot size – From 0.01 lots
• Maximum leverage – 1:500
• Trading Instruments – Currencies, Metals, Energy, Indices, Shares, Cryptocurrencies
• Trading platform – MetaTrader 5

The pro account targets mainly experienced traders with high initial deposit requirements and trading conditions similar to ECN accounts, offering almost nothing new or better.

Deposit and withdrawal options at ONEBID (1BID)

Deposits and withdrawals can be made using various payment options including cryptos like BTC, USDT, ETH, and Tron. Other methods include Help2Pay, Perfect Money, Visa, and MasterCard. Bank cards incur 1.5% transaction fees. The withdrawals take up to 2-3 business days which is a long time and can be considered as a red flag. We do not recommend signing up with this broker as it is risky and there are many reliable brokers out there with much better trading and bonus conditions.

ONEBID (1BID) Assets — What can you trade?

ONEBID, as we have listed above, offers a range of trading instruments, including currency pairs, metals, energies, indices, shares, and cryptos. The leverage is up to 1:1000 for nano accounts and all other accounts can have up to 1:500 leverage. All these assets can be speculated on the MT5 platform.

Trading platforms of ONEBID (1BID)

ONEBID provides the MetaTrader 5 (MT5) platform, supporting EAs, and custom indicators, and is available for desktops, smartphones, and web trading. MT5 is advanced but less popular than MT4, its predecessor. The broker has a plugin where it offers copy trading and trading signals directly into MT5. There are no other indicators and tools offered by the broker for its MT5 platform which is a minor downside.

Education at ONEBID (1BID)

Educational resources are limited to trading blogs that offer market insights but lack comprehensive trading education. Most content is outdated quickly, and there are no articles on actual trading strategies. The FAQs section can only be used as a support for broker’s services and not as education. There are various tools offered including economic calendar and trading signals. These signals allow traders to choose signal providers and copy trade.

ONEBID (1BID) Customer Support

Customer support includes live chat and email only, available in multiple languages. However the lack of phone support is a significant concern, This has two implications, one as a useful support option and another as a legitimacy check.

ONEBID (1BID) bonuses and promotions

ONEBID offers a welcome bonus and a deposit bonus. The sign-up process for these bonuses is complex and may not be worth the effort. The welcome bonus just gives 50 dollars but requires at least a 10-dollar deposit and has very complicated and difficult-to-achieve rules, making it not worth it. There are no promotions or discounts offered by ONEBID Forex broker.

Is ONEBID (1BID) your broker? Final verdict

ONEBID presents a mixed experience for traders. It offers multiple account types and high leverage but has offshore regulation, lack of transparency, and limited customer support, which make a very dangerous list of red flags. The variety of accounts seems more like a marketing strategy than a practical feature for traders.

FAQs on ONEBID (1BID)

Is ONEBID (1BID) a good broker?

While offering low spreads and high leverage on various account types, ONEBID fails to offer hotline support and comprehensive education, making it unreliable.

What is the minimum deposit at ONEBID (1BID)?

The smallest deposit for opening a live account at ONEBID starts from 0 USD on Nano and Standard accounts. For low-spread accounts, traders need to deposit at least 100 dollars.

What can I trade on ONEBID (1BID) platforms?

On ONEBID MetaTrader 5 platform traders can access Forex pairs, indices, commodities, shares, and digital currencies. All these assets are offered as CFDs.