Score

1.59 /10
Danger

OGM

Vanuatu

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

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Comparison

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index7.58

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

OGM BROKERS

Company Abbreviation

OGM

Platform registered country and region

Vanuatu

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 15030) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

OGM · Company summary

General Information

OGM Broker is an offshore broker offering online trading in currency pairs, as well as a series of CFDs on indices, precious metals on the leading MT4 trading platform.

Regulation

OGM Broker is operated by OGM Broker Limited, a company registered in Vanuatu. This place is an offshore jurisdiction, where forex brokers there actually are not regulated, no matter what they claims no their websites.

Official Website Unavailable

Since the official website of OGM cannot be accessible at this stage, we can only pick up some useful information from some broker-reviewing websites to get a rough idea about this broker.

Market Instruments

Tradable financial instruments available on the OGM Broker platform include currencies, as well as CFDs on precious metals, indices.

Minimum Deposit

There are two trading accounts available on the OGM Broker platform: the Standard and the Premium accounts. The minimum initial deposit required by OGM Broker is absurdly high, and even a basic account, the standard accounts needs as high as $1000 to start real trading.

Micro Trade Size

Micro tradable lots are not available, so traders have to use either mini (0.1 lot) or standard (1 lot) ones.

Leverage

OGM Broker offers the leverage up to 1:200, which could satisfy even the most aggressive trading strategy. Leverage can magnify gains as well as risks, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads offered by OGM Broker is quite wide, amounting to 3 pips for the EUR/USD pair. While the most fixed-spread brokers provide spreads of 1.5 -2 pips for this pair.

Trading Platform Available

OGM Broker provides its traders with MT4 trading platform. This platform is equipped with many advanced charting tools, large number of technical analysis, supporting Expert Advisors. Although OGM Broker offers the leading MetaTrader platform, given the fact that it is unregulated, traders are not advised to trade on its platform.

Deposit & Withdrawal

OGM Broker allows its traders to fund their accounts through bank wire transfer, and credit/debit cards only. Some other popular online payment processor like Skrill and Neteller are not available. Note that for single deposit or withdrawals less than $100, the company charges a fee of $20.

News

NewsOverview One Global Market

One Global Market (OGM) is a financial investment company that is regulated by the UK’s FCA. The FCA is one of the strictest financial regulators in the world. Brokers with an FCA license have to submit frequent reports to ensure they retain their license. One of the requirements is that a broker creates a financial compensation scheme. It means that customers’ funds are very secure.

WikiFX
2021-12-14 14:02
Overview One Global Market

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