OFM

OFM | 2024-11-26 18:57

abstrak：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.

OFMReview Summary
Founded	2019
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Forex and CFDs on shares, indices, bullion, commodities, energies and cryptocurrencies
Demo Account	✅
Leverage	20:1 - 500:1
Spread	/
Trading Platform	MT4, MT5
Copy Trading	✅
Min Deposit	/
Customer Support	Multilingual 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.

Pros and Cons

Pros	Cons
Multiple choices of CFDs	No Islamic accounts
Demo accounts	Lack of regulation
Flexible leverage ratios	Unclear 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.

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	❌

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.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, desktop, mobile	Beginners
MT5	✔	Desktop, mobile	Experienced traders

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.