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OFM -

Score

1.51 /10
Danger

OFM

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

High potential risk

https://ofmarketsgroup.com

Influence

B

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index6.96

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

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

OFM · Company summary
OFMReview Summary
Founded2019
Registered Country/RegionSaint Vincent and the Grenadines
RegulationNo regulation
Market InstrumentsForex and CFDs on shares, indices, bullion, commodities, energies and cryptocurrencies
Demo Account✅
Leverage20:1 - 500:1
Spread/
Trading PlatformMT4, MT5
Copy Trading✅
Min Deposit/
Customer SupportMultilingual support 24 hours a day
Tel: + 44 ( 0 ) 203 544 9646
Email: info@ofmarkets.com
Address: 1 Finsbury Market, London, EC2A 2BN, United Kingdom

OFM is a financial company registered in 2019 in Saint Vincent and the Grenadines. If offers forex and CFDs trading with flexible leverage up to 1:200 via the MT4 and MT5 platforms. However, this company is not regulated, and potential risks cannot be ignored.

OFM's homepage

Pros and Cons

Pros Cons
Multiple choices of CFDsNo Islamic accounts
Demo accountsLack of regulation
Flexible leverage ratiosUnclear minimum deposit
No commissions
MT4 and MT5 provided
Copy trading

Is OFM Legit?

No, OFM is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site.

Domain information

What Can I Trade on OFM?

OFM offers trading in forex and CFDs on shares, indices, bullion, commodities, energies and cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs✔
Shares✔
Indices✔
Bullion✔
Commodities✔
Energies✔
Cryptos✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on OFM?

Leverage

The leverage is from 20:1, and can be up to 500:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage
Leverage

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Web, desktop, mobileBeginners
MT5✔Desktop, mobileExperienced traders
Trading Platform
Trading Platform

Copy Trading

OFM provides copy trading services, and it has its own copy trading platform, called One Connect. In this platform, customers can follow experienced traders, and find some insights from their trading.

Copy Trading

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FX1142044097
more than one year
There are always brokers who emphasize that they "won awards", but the most important thing is actually the regulatory license. Safety is the most important thing.
There are always brokers who emphasize that they "won awards", but the most important thing is actually the regulatory license. Safety is the most important thing.
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2022-12-12 10:25
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