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OFX Market -

Score

1.46 /10
Danger

OFX Market

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ofxmarket.com

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Score

Regulatory Index0.00

Business Index6.62

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

OFX Market

Company Abbreviation

OFX Market

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

OFX Market · Company summary

Note: OFX Market's official website: https://www.ofxmarket.com is currently inaccessible normally.

OFX MarketReview Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForexShares & OptionsMetalsCommoditiesIndices
Demo Account✅
Leverage/
Spread/
Trading PlatformMT5
Min Deposit/
Customer SupportEmail: contact@ofxmarket.com
Social Media: Facebook, Twitter, Instagram, Youtube, Linkedin
Physical Address: Kemp House 160 City Road London-United Kigdom EC1V 2NX

OFX Market Information

OFX Market is a UK incorporated brokerage offering products including Forex, Shares& Options, metals, commodities and indices that support traders using MT5. At present, the official website of the brokerage is not accessible and is in an unregulated status.

OFX Market Information

Pros and Cons

Pros Cons
Support MT5No regulation
Offer demo accountOfficial website cannot be accessed
No deposit and withdrawal information

Is OFX Market Legit?

OFX Market is currently unregulated and its website is not accessible.

Is OFX Market Legit?
Is OFX Market Legit?

What Can I Trade on OFX Market?

Products that the OFX Market allows traders to trade include Forex, Shares & Options, Metals, Commodities and Indicies.

Tradable Instruments Supported
Forex✔
Shares & Options✔
Metals✔
Commodities✔
Indices✔
Stocks❌
Bonds❌
ETF❌
What Can I Trade on OFX Market?

Account Types

OFX Market provides 2 types of accounts: Live Account and Demo Account.

Trading Platform

OFX Market offers the MT5 platform, which is available on both desktop and mobile, i.e. Windows, Android and IOS.

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, MobileBeginner
MT4❌
Trading Platform

User Reviews

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User comment

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Comments

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FX1366052774
more than one year
Opening a Micro account only requires 5 dollars, which is quite friendly for new beginners. However, the spread is not competitive as other brokers, 1.9 pips are higher than the average 1.5 pips. Also, new beginners are not advised to use too high a leverage ratio, which means higher risks. What’s worse, I didn’t find any regulatory licenses for this broker. Anyway, be careful.
Opening a Micro account only requires 5 dollars, which is quite friendly for new beginners. However, the spread is not competitive as other brokers, 1.9 pips are higher than the average 1.5 pips. Also, new beginners are not advised to use too high a leverage ratio, which means higher risks. What’s worse, I didn’t find any regulatory licenses for this broker. Anyway, be careful.
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2023-03-14 15:38
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南笙32318
more than one year
Aunque no hay ninguna denuncia negativa contra OFX Markets, tampoco podemos afirmar que sea una empresa confiable. Siempre manténgase vigilado para no caigas en la trampa de los estafadores!
Aunque no hay ninguna denuncia negativa contra OFX Markets, tampoco podemos afirmar que sea una empresa confiable. Siempre manténgase vigilado para no caigas en la trampa de los estafadores!
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2023-02-14 15:59
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