Banking with OneTwoTrade is a delight since the company takes care that every transaction is secured according to highest standards. Processes are PCI compliant meaning no data is stored and OneTwoTrade utilizes SSL technology to encrypt transfers. We already mentioned segregated accounts securing that all funds deposited are not touched by anyone but
Security begins the moment you sign up. All of your information, even your name, is stored in an encrypted format that requires two levels of authentication to decrypt. Your password is stored in a one-way hashed encrypted format that is widely regarded as the most secure way to store password data. Any credit and debit card information is stored on line with the most strict PCI compliance standards.
Depositing funds at OneTwoTrade to the trading account can be done on multiple ways Visa or MasterCard, Neteller, Moneybookers or via Bank Wire. The minimum amount to deposit is $200. Verification is rewired and standard set of scanned documents is needed: photo ID, utility bill, credit card copy with blacked out digits. If done at depositing, withdrawing will be easier.
OneTwoTrade Minimum withdrawal is $100. Processing takes up to 3 business days which is in line with the competition. We believe time of long processing deadlines should have passed, and OneTwoTrade is another broker switching to shorter withdrawal times. Unfortunately, they do not offer good practice of free withdrawals and this is something we believe tarnishes their quest for the leadership in features. Standard account doesn’t include not even one free withdrawal and fee is pretty high — $50 or 1% of the amount — depending which is greater. Withdrawing amounts smaller than $250 will incur smaller fee of $25, which leaves some room for smaller withdrawals.
The OneTwoTrade company is, as mentioned, registered and users can find the London team at the 6 Thomas More Square, 4th Floor, London, E1W 1YW, Mondays to Fridays 10 h to 20 h and Saturday’s 11am to 3pm. They also have offices in Malta where they are regulated.