OGAM

General Information & Regulation

OGAM claims to it was launched by a group of professionals with 20 years of investment and banking experience to provide Forex and CFD brokerage services to investors. OGAM has no physical address or even a phone number, and still, is not effectively regulated in any way.

Market Instruments

OGAM's offer is said to a range of financial instruments, including foreign currency pairs, as well as CFDs on indices, commodities, and precious metals.

OGAMMinimum Deposit

OGAM only offers a standard account with the minimum deposit and maximum leverage information and does not offer demo accounts.

OGAM Leverage

OGAM offers no trading leverage related information. Since leverage can amplify gains as well as losses, it is essential for traders to choose proper leverage level in case of heavy fund losses.

Spreads & Commissions

Still, as the core part of forex trading, spreads and commissions details are not provided by this broker. Since OGAM is an unregulated broker, traders should get away from it.

OGAM Trading Platform

OGAM does not provide investors with the industry-leading MT4 trading platform, nor does it provide information on other trading platforms, so clearly a scam.

OGAM Pros & Cons

OGAM Advantages Include:

1. Wide variety of trading assets

OGAM Disadvantages Include:

1. Unregulated & no physical address

2. One account type only

3. No demo accounts available

4. No trading information, such as spreads, commissions, and other fees

5. Non-MT4/MT5 trading platform

6. No information on deposit & withdrawal methods