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OneTwoTrade
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# 1
pjbltd
Old 20-07-2011, 7:26 PM
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Default OneTwoTrade

Hi guys,

Has anyone had any experience with OneTwoTrade?

http://www.onetwotrade.com/

Many thanks,

pjbltd
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# 2
Ark Welder
Old 20-07-2011, 11:04 PM
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From their terms & conditions: "Activity on ONETWOTRADE is not regulated under the Financial Services Act or any other financial investment regulatory provisions"


Anything that claims to offer 70% returns in 30 minutes should be avoided.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 3
Reaper
Old 21-07-2011, 3:07 AM
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It's a variation on spread betting. You bet if the price of a asset (e.g. a share) will go up or down over a given period of time.

They are keen to shout about how you can make a profit but keep very quite about their fees and what happens if the price goes down. But buried in their web site is this:
Quote:
In the event that the option expires out-of-the-money, your account will be credited automatically with a proportion of your original investment. The proportion you will be credited varies depending on the option you have taken from 0-10% of the value of your original trade.

A successful investment will result in a guaranteed return of between 65-75% of the initial amount invested. The payout for each succesful trade is indicated on the site for the underlying asset that you selected.
So get it right and you get 65-75% profit, get it wrong and you lose everything. That explains the missing fees. It also shows how incredibly high risk it is.

They are registered in Malta and their laws apply in the event of a dispute.

Not for me.
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# 4
Hold on
Old 02-08-2011, 12:06 PM
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From using it, I don't think its bad at all. What you lose is exactly how much you invest in a SmartOption, nothing more nothing less. Its not spread betting in that sense where the share value is attached to your bank balance, but rather just how much you put on it. So for example if you put 1 down on Google to go up but lose then you only lose that 1.

The only real hidden cost is that there is a inactivity charge for a month of €5 but they give you 22 upon your first deposit (which I put as 1) to counteract that. Basically they said it is seen as 10 for trading and if you don't like it then you have 12 to play 1 a month with for a year and you can then cancel.

Unless I'm missing something, they aren't bad.
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# 5
SnowMan
Old 02-08-2011, 12:22 PM
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Quote:
Originally Posted by Hold on View Post

Unless I'm missing something, they aren't bad.
You are missing the fact that you have specifically registered to this site to post just to say that you like this.

Only you know your motives for posting but the rest of us will assume you have vested interests in promoting this. Just by posting you create further reason still (if it was needed) to avoid this one.

It has already been explained by unbiased posters why it looks a really bad idea.
I came, I saw, I melted
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# 6
premierfella
Old 02-08-2011, 12:31 PM
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Quote:
Originally Posted by Hold on View Post
The only real hidden cost is that there is a inactivity charge for a month of €5 but they give you 22 upon your first deposit (which I put as 1) to counteract that. Basically they said it is seen as 10 for trading and if you don't like it then you have 12 to play 1 a month with for a year and you can then cancel.

Unless I'm missing something, they aren't bad.
On a very quick look:
http://www.onetwotrade.com/FAQ
"What are the fees to withdraw funds?
If the amount you would like to withdraw is less than 150, there is a 50 fee. Amounts greater than 150 incur no fee. However, any withdrawal that must be processed via wire transfer will be assessed a 25 transfer fee."

So aside from the other obvious risks, even if they are giving free money away to start trading (and it appears you only get a matched deposit of 20 so need to gamble 20 of your own money to get it) you would need to cover that 50 fee to even start dreaming of any profit.

Anyone need to borrow a very long barge pole?

Last edited by premierfella; 02-08-2011 at 12:37 PM.
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# 7
Reaper
Old 02-08-2011, 2:03 PM
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Quote:
Originally Posted by Hold on View Post
So for example if you put 1 down on Google to go up but lose then you only lose that 1.
Yes but if you get it right you only win 70p. Sounds like a poor return to me unless you manage to get it right a lot more often than you get it wrong.
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# 8
Hold on
Old 02-08-2011, 6:51 PM
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Quote:
Originally Posted by SnowMan View Post
You are missing the fact that you have specifically registered to this site to post just to say that you like this.

Only you know your motives for posting but the rest of us will assume you have vested interests in promoting this. Just by posting you create further reason still (if it was needed) to avoid this one.

It has already been explained by unbiased posters why it looks a really bad idea.
As a matter of fact, the only reason I came across this was because I googled onetwotrade to go on the site and then therefore saw this on the first page. Who does it hurt to get a view from someone who actually uses the site?

Just because I use it doesn't mean I'm unbiased. By your logic, those who don't use it would be biased too.

Quote:
Originally Posted by premierfella View Post
"What are the fees to withdraw funds?
If the amount you would like to withdraw is less than 150, there is a 50 fee. Amounts greater than 150 incur no fee. However, any withdrawal that must be processed via wire transfer will be assessed a 25 transfer fee."

So aside from the other obvious risks, even if they are giving free money away to start trading (and it appears you only get a matched deposit of 20 so need to gamble 20 of your own money to get it) you would need to cover that 50 fee to even start dreaming of any profit.

Anyone need to borrow a very long barge pole?
Hmmm, good find. The idea is obviously to win a lot of money but of course should we not then there may be an issue.

Quote:
Originally Posted by Reaper View Post
Yes but if you get it right you only win 70p. Sounds like a poor return to me unless you manage to get it right a lot more often than you get it wrong.
True but I have won on things which have a 85% return, 70% (from the ones I've seen/done) seems to be the minimum

I assume if people keep just randomly picking things then the chances of winning are pretty slim, so it wouldn't hurt to do a bit of research in what you are choosing.
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# 9
Ark Welder
Old 02-08-2011, 7:04 PM
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Quote:
Originally Posted by Hold on View Post
so it wouldn't hurt to do a bit of research in what you are choosing.
Then research onshore regulated schemes that provide investor/gambler protection, and avoid schemes that have substantial fees for withdrawals and inactivity. The former is designed to make the gambler leave their funds where they are; the latter encourages overtrading.

Anyone that wishes to do their own maths of how a '70% per half-hour gain' compounds over a year will see how ridiculous and unrealistic a route this is to follow. If it is that successful then why are 'you' being invited to join? Surely, the company 'employees' would be able to make themsleves substantially richer by doing it themselves rather than taking a small cut from 'you'.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 10
Ark Welder
Old 02-08-2011, 7:08 PM
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Quote:
Originally Posted by Hold on View Post
As a matter of fact, the only reason I came across this was because I googled onetwotrade to go on the site.
If you use the site that frequently, [edit] why do you need to google it? Most modern browsers will return a history of appropriate sites when typing into the address bar - substantially faster access than having to wait for search results and then clicking on the link.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.




Last edited by Ark Welder; 02-08-2011 at 7:19 PM. Reason: spelling: why
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# 11
r_lcg
Old 16-09-2011, 2:55 PM
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Default Strategies

You can be very successful trading smart options if you know some basic strategies to manage your risk. I use the website for two month. With time you develop your own strategies.

For instance, one basic strategy I use to make the losses smaller is to simply trade for the opposite direction if you pick the wrong one. This will limit your loss to 30% rather than your whole initial investment. If you're on the right direction, you get 75%.
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# 12
Ark Welder
Old 16-09-2011, 4:10 PM
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Good for you. I will merely repeat:

From their terms & conditions: "Activity on ONETWOTRADE is not regulated under the Financial Services Act or any other financial investment regulatory provisions"


Anything that claims to offer 70% returns in 30 minutes should be avoided.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 13
westy22
Old 16-09-2011, 4:44 PM
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Quote:
Just because I use it doesn't mean I'm unbiased.
Quite - couldn't have put it better!
Old dog but always delighted to learn new tricks!
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# 14
r_lcg
Old 17-09-2011, 10:37 AM
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Quote:
Originally Posted by Ark Welder View Post
Good for you. I will merely repeat:

From their terms & conditions: "Activity on ONETWOTRADE is not regulated under the Financial Services Act or any other financial investment regulatory provisions"


Anything that claims to offer 70% returns in 30 minutes should be avoided.
I hope they work on that.

In financial markets, there is a fundamental trade-off between risk and return. The higher the risk you undertake, the higher is your expected return.

Because you lose your initial investment with smart options, there is nothing abnormal of having a high return. If this was not true, then you would have the so-called 'free lunch' (high returns with low risk).

Big and fast returns are features of all derivatives (Options, futures, etc.) because they have a high level o risk. But again, there are many ways one can hedge this risk.
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# 15
r_lcg
Old 17-09-2011, 10:59 AM
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Quote:
Originally Posted by Ark Welder View Post

Anyone that wishes to do their own maths of how a '70% per half-hour gain' compounds over a year will see how ridiculous and unrealistic a route this is to follow.
This is not how it works. What you are saying is absurd.
The options expire every 30 mins, but it doesn't mean you have to trade every 30 mins. You trade when you spot an opportunity.

Quote:
Originally Posted by Ark Welder View Post
If it is that successful then why are 'you' being invited to join? Surely, the company 'employees' would be able to make themsleves substantially richer by doing it themselves rather than taking a small cut from 'you'.
The answer to this question is the same reason banks offer stocks and other assets to clients and also trade by themselves.
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# 16
Ark Welder
Old 17-09-2011, 2:16 PM
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Quote:
Originally Posted by r_lcg View Post
This is not how it works. What you are saying is absurd.
The options expire every 30 mins, but it doesn't mean you have to trade every 30 mins. You trade when you spot an opportunity.



The answer to this question is the same reason banks offer stocks and other assets to clients and also trade by themselves.
What is absurd is to hand over money to an unregulated business.

The answer to the question is not the same. Stocks are a method for a company to raise working capital. Derivatives are not.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 17
Ark Welder
Old 18-09-2011, 5:21 PM
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Strange as it may seem, their web-site appears to have disappeared up its own proxy bypass.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 18
Ark Welder
Old 01-12-2011, 3:42 PM
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Quote:
Originally Posted by devsr View Post
I created an account with these guys a few months ago and i received a phone call saying they were closing down the site for a few weeks for system upgrades, may explain this.

Just been on their website and seen this ' licensed and regulated by the Lotteries and Gaming Authority in Malta, license number LGA/CL2/744/2011'

Seems they are legit now, I haven't used them that much but now they are regulated makes me want to more now!
Actually, I had noticed that they were back. However, being licenced under Maltese gaming and lottery regulations still does not make a potential 70% return in half-an-hour an attractive proposition. Not to me.
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 19
Ark Welder
Old 02-12-2011, 4:04 PM
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Quote:
Originally Posted by devsr View Post
Just out of interest, have you been on the site?
I have seen their site. Anything where I could lose 41% of my capital in half-an-hour holds no interest. Neither does a company that gives addresses in Cyprus and Malta - even if a London phone number is available. Nor does a company that is regulated under offshore gaming regulations.

If I was interested in what the protective regulations were then I might look further into the following beforehand: http://www.lga.org.mt/lga/home.aspx

I might even wonder why the business wasn't regulated by the Malta Financial Services Authority
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.



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# 20
ozy
Old 27-01-2012, 10:13 PM
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Default RADIATORS AND DRAINS (onetwotrade)

Is onetwotrade legit?

Well the heated conversations is interesting some in favour and some against it.... Well is legit is the major question and how am I guaranteed my of this advertised 70% return on a trade.

I was introduced to this by a friend although I had my doubt but when he said I need only 20 to open an account and I will receive a 22 bonus to start I decided to give it a benefit of a doubt, WORST case I will loss 20, after-all a night out with my Mrs will definitely cost me more than that. Though I had it at the back of my mind that once I loss the 20 that's the end actually I was WRONG. I got the hang of it fairly quickly and after 2 weeks I smiled away with more than 400 withdrawal directly to my bank account and still with a balance to continue trading.

I am still trading and making profit till date from my 20, I must admit some people might have made a loss but you will never know until you try if you are one of the ones that will make a profit from it. Don't let anyone discourage you from giving it a go after all you wouldn't commit suicide for misplacing 20.

Minimum trade of 1/month to avoid charges.... So what?
30 to withdraw above 150.... Yes, its registered in Malta and how much does it cost you to transfer money abroad and receive it in local currency irrespective of the exchange rate. Its not even your money you only started with 20 in the first place.

Its risky... yes everything/business that brings profit is risky. If you don't have the heart you won't make money in the first place, your pensions are invested in various things that are not guaranteed to return profit anyway.

It even provide you the opportunity to minimised you risk by trading as low as 1 so what else do you want? And you even decide when you want to trade. if you don't see an opportunity you simply hold back your trade.

Finally personally I think for 20 give it a go if its not for you and you loss the 20 its not the end of the world but you will not beat yourself for never trying it out, it could be your opportunity to get that free money although you have to put a bit of effort into it.

Goodluck!!!!!!!!!!!!!
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