One Market East

One Market East is a forex and CFD brokerage based in Belarus, founded on June 10, 2020. The company operates under the domain fxnet.by and offers trading services in a range of financial instruments including currencies, metals, commodities, indices, shares, and bonds.

As a relatively young firm, One Market East has not secured any official regulatory licences from known financial authorities. According to our records, the broker maintains no regulatory oversight, which is a significant factor for traders to consider when evaluating the safety of their funds.

The broker provides three account tiers: STANDARD, VIP, and PLATINUM. The STANDARD account requires a minimum deposit of $200, while the VIP account requires $2,000 and the PLATINUM account demands $5,000. All accounts offer a maximum leverage of 1:100, which is relatively conservative compared to some offshore brokers but still amplifies both potential gains and risks.

Traders should note that higher-tier accounts do not appear to offer increased leverage or additional features beyond the higher minimum deposit. The leverage cap of 1:100 may appeal to those seeking moderate exposure without excessive risk.

One Market East lists a broad selection of asset classes for trading. These include major and minor currency pairs, precious metals like gold and silver, energy and agricultural commodities, stock indices from global markets, and individual equities and bonds. This variety allows traders to diversify across different markets from a single account.

However, the actual number of instruments within each category is not specified. Traders interested in specific assets should verify availability directly with the broker, as the advertised range may be limited in practice.

The absence of a licence from any recognised regulatory body is the most critical aspect of this broker's profile. Without oversight from authorities such as the CySEC, FCA, or ASIC, clients have no recourse to a compensation scheme or independent dispute resolution in case of issues.

We assign a Scam Risk Score of 51 out of 100, indicating an elevated risk level. This score reflects the lack of regulation, limited public information, and the broker's short operational history. Traders should exercise caution and consider whether the potential rewards justify the heightened risk of trading with an unregulated entity.

One Market East appears to target retail traders who are comfortable with higher risk due to the absence of regulatory safeguards. The moderate leverage of 1:100 and relatively low minimum deposit for the STANDARD account may attract beginners testing the waters, while the VIP and PLATINUM tiers could appeal to more experienced traders with larger capital.

However, the broker's limited track record and lack of transparency around its operations make it more suitable for sophisticated traders who understand the risks of unregulated trading. Novice traders are generally advised to seek brokers with verified regulation and a longer history of reliable service.