OneTwoTrade Went Out of Business in September 2016
Read more on the Complaints Page
One Two Trade was a binary options broker, founded in 2011. One Two Trade is owned by Up & Down Marketing Limited. They are located at Cobalt House, Level 2, Notabile Road, Mriehel, Birkirkara BKR 3000 Malta. Their phone numbers are: UK +44 0845 1287 233 and Canada: (647) 930-9415. Their email address is: firstname.lastname@example.org.
For investors complaints see here.
While reviewing One Two Trade we see that they are using the Spot Option platform. They offer 60 second options, long term options, ladder options and pairs. The SpotOption platform is a very popular binary trading platform, and traders have many signal providers to choose from that integrate with the system. They have their own auto trading robot called Botomatics, which auto trades your account for you.
Their trading platform is available in many languages like: French, Italian, Norsk, Deutsch, Portugese. Although their website is available in multiple languages, customer service is currently only offered in English.
One Two Trade is a unique binary options broker as they were licensed by the Lotteries and Gaming Authority in Malta. Up and Down Marketing Limited received a license on October 13th 2011, license number LGA/CL2/744/2011, see here. While many binary brokers are unregulated, and the ones that are regulated have gone to CySEC for regulating it is interesting that One Two Trade, chose to go with the LGA in Malta.
The benefit of using a licensed broker is that in the event of a problem, you can always complain to their regulator, see here.
When we review a broker like One Two Trade, the way we determine if they are a legitimate broker or a scam broker is simple. We look to see if a financial regulator gave them a license.
ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.
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