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How long can I trade demo before opening a real account
whizpip
India
2023-06-20
ANSWER One Trading Markets is an unregulated broker that we strongly suggest avoid trading with despite the seemingly attractive deals it offers.One Trading Markets claims to be the trading name of OT Markets LTD, which is supposedly registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registration number 25372 BC 2019. While it is true that corresponding records exist on the SVG FSA register, investors should be aware that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex trading or brokerage nor regulates entities involved in such activities. As such, One Trading Markets remains unsupervised by the relevant regulatory bod.The company also purports to be authorized and regulated by MWALI International Services Authority (M.I.S.A.) under License Number T2023225. However, the authority mainly serves as a registrar of companies and is not empowered to regulate forex activities. Therefore, mere registration with the African agency doesn't mean being granted authorization to legally offer investment services.Regarding your question, we advise you to proceed with extreme caution and have no further dealings with One Trading Markets. It is an unregulated broker that comes with huge risks such as financial losses and identity theft, as there are no rules in place to safeguard investors. Therefore, to avoid such risks, investors are encouraged to stay away from unregulated brokers like One Trading Markets and choose fully regulated ones instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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