Worked example
Practising on One Financial Markets's numbers
This is an exercise sheet, not a review. We are going to take three things that One Financial Markets publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Nothing to compute here
One Financial Markets does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. One Financial Markets offers 1 rung. Read it as a question — what does it ask of me, and what does it give back? — rather than as a prize to climb towards.
- DemoThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
Account names as published: Demo. Platforms listed: MT4.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are One Financial Markets's lines, each with a plain reading.
Licence standing: Top-tier licence in force · 1 in force (1 top-tier) · last checked September 2026
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| FCA · UK | Axi Financial Services (UK) Limited (formerly C B Financial Services Ltd, trading as One Financial Markets) | 466201 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
How to use that table
1 of these lines is top-tier, held by Axi Financial Services (UK) Limited (formerly C B Financial Services Ltd, trading as One Financial Markets). If you are onboarded to a different entity than those, the protections attached to the top-tier line are not yours, however prominently the regulator's initials appear in the marketing.
The record behind these numbers
- One Financial Markets' own website states the brand has merged with its parent company Axi, having been acquired by the Axi Group in 2019.
- The FCA published a warning on 3 July 2024 about 'One Financial Market', a clone of an FCA authorised firm, naming Axi Financial Services (UK) Limited, firm reference number 466201, as the genuine authorised firm.
- The One Financial Markets brand was established in London in 2007.
- Client-facing services now operate under the Axi brand rather than under the One Financial Markets name.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: minDeposit, spreadEurusd and account types — brand no longer publishes its own account specs; segregatedFunds; platform list for the legacy brand. Confidence in this file overall: Medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.