Score
OFM
Saint Vincent and the Grenadines|5-10 years| https://ofmarketsgroup.com/
Website
Rating Index
Influence
Influence
B
Influence index NO.1
Pakistan 2.63Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
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Website
ofm.group
Server Location
United Kingdom
Website Domain Name
ofm.group
Website
-
Company
-
Server IP
3.9.138.52
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ofmarketsgroup.com
Server Location
United Kingdom
Website Domain Name
ofmarketsgroup.com
Server IP
3.11.218.127
Genealogy
VIP is not activated.Relevant Enterprises
| Company name | Related sources | Registration No. | Established |
|---|---|---|---|
| Website Announcement | 07704829 | 2019-09-03 |
Company Summary
| 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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- High potential risk
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