OFinancial- Does It Offer Licensed Investment Products?- WikiFX​

OFinancial Information

OFinancial is an unregulated online trading platform based in Anguilla, offering access to forex, commodities, stocks, cryptocurrencies, and indices. The platform provides three account types with a minimum deposit requirement of $10, leverage up to 1:100, and floating spreads starting from 0 pips. Notably, OFinancial does not accept clients from the USA, Iraq, Iran, Myanmar, or North Korea.

Pros & Cons

Is OFinancial Legit?

OFinancial is not a legitimate platform. Please note that OFinancial operates as an unregulated entity, lacking oversight from recognized financial authorities.

What Can I Trade on OFinancial?

Traders on OFinancial can get access to different products like Forex, Commodities, Stocks, Cryptocurrencies, and Indices.

Account Types/Leverage

Traders on OFinancial can choose from three types of accounts. Each one has its own features.

Trading Platform

The trading platform available on OFinancial is MetaTrader 5 (MT5), which is a multi-asset platform for trading forex, stocks, futures, and CFDs. It features advanced charts, technical indicators, and flexible order types (market, pending, stop, trailing stops).

Deposit and Withdrawal

According to OFinancial, traders are able to get a 50% extra bonus on their first deposit, but the bonus can only be used to trade and cannot be withdrawn. A minimum deposit of 100 USD/EUR is required to get a bonus. The amount of bones is up to a maximum of 5000 USD/EUR.