In this No1Option Review, we are going to take a look at the offer that this broker prepared for its traders. No1Option operates on the financial market since 2013. When it comes to trading platforms, the broker features MetaTrader 4. The No1Option minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this No1Option Review
Website address: | no1option.com |
Operated by: | N01 Option LTD |
Licensed and authorised by regulatory bodies: | |
Supported languages: | English, German, Spanish, French, Italian and Portuguese |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected] + 1-646-3350277 |
Available deposit methods: | Credit and debit Cards, bank transfer |
Available withdrawal methods: | Credit and debit Cards, bank transfer |
Minimum deposit: | 100 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 0,6 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex, stocks, commodities, indices |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
Social trading: |
No1Option Fees (typical spreads)
We have scanned fees (typical spreads) that No1Option charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 0,6* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 10:13 for the standard account. No1Option spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: AMBPrime, QCapitalForex, Forex24 and CoverdealFX
Frequently Asked Questions
🧐 Is No1Option a Scam?
In accordance with our research, No1Option is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that No1Option is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the No1Option minimum deposit?
In order to start trading with No1Option, you have to deposit at least 100 USD (Trading accounts can also be held in USD, EUR).
📵 What deposit and withdrawal methods No1Option supports?
⚖️ Would you recommend me choosing No1Option?
We don’t have our own personal experience with No1Option. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. While there is a decent chance that No1Option is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, Australia, Africa and the USA offering similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.