OFMG Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-18 17:06

Abstract：Original Forex Management Group (OFMG) is a forex trading company that was established in 2020. The company is not regulated by any reliable body, and it has been accused of being a scam by some traders. OFMG offers a variety of trading instruments, including forex, commodities, indices, and CFDs on stocks, bonds, and cryptocurrencies. The company offers three account types: Standard, Premium, and VIP. The minimum initial deposit is $1000, and the maximum leverage is 1:400. The trading platform used by OFMG is MetaTrader 4. 　　Deposits and withdrawals can be made via bank wire transfer, credit card, or debit card. Customer support is available via email. Moreover, there have been accusations of it being a scam, which further casts doubt on its credibility. Potential investors should exercise caution and thoroughly research before engaging with OFMG.

　　Note: OFMG's official website https://www.ofmguk.com is currently inaccessible normally.

OFMG Review Summary
Founded	2000
Registered Country/Region	United Kingdom
Regulation	Not Regulated
Market Instruments	Forex, commodities, indices, CFDs on stocks, bonds, and cryptocurrencies
Demo Account	Not Mentioned
Leverage	Up to 1:400
Spread	Starting from 2 pips
Trading Platform	MetaTrader 4
Customer Support	support@ofmguk.com

OFMG Information

　　Original Forex Management Group (OFMG) is a forex trading company that offers many trading instruments, including forex, commodities, indices, and CFDs on stocks, bonds, and cryptocurrencies. It offers spreads starting from 2 pips and a maximum leverage is 1:400 through MetaTrader 4. However, it is not regulated.

Pros and Cons

Pros	Cons
Supports Meta Trader 4	Lack of regulation
High leverage up to 1:400	Inaccessible official website

Is OFMG Legit?

　　OFMG is not regulated by any financial authority.

What Can I Trade on OFMG?

　　OFMG offers many market instruments, including forex, commodities, indices, and CFDs on assets like stocks, bonds, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stock	✔
Indices	✔
Cryptocurrency	✔
Shares	❌
Metals	❌

Leverage

　　OFMG offers a maximum leverage of up to 1:400 to its traders.

OFMG Fees

　　OFMG's variable spreads, usually around 2 pips for major currency pairs, coupled with a $10 per lot traded commission, may initially appear competitive and appealing to traders.