OFM

OFM Information

OFM, founded in 2019, and registered in Saint Vincent and the Grenadines, is an unregulated broker. It provides access to a diverse range of tradable instruments, including as forex, CFDs, bitcoin, and commodities. OFM offers both the MT4 and MT5 platforms, as well as low-cost account choices for a wide range of trader profiles.

Pros and Cons

Is OFM Legit?

OFM (OFMarkets Group) is not a regulated broker. The Financial Services Authority (FSA) of SVG says that even though it is registered in Saint Vincent and the Grenadines, the country does not regulate or license FX or CFD brokers. WHOIS records show that the domain ofmarketsgroup.com was registered on June 4, 2019. The last time it was updated was on June 3, 2025, and it will end on June 4, 2026.

What Can I Trade on OFM?

OFM has a wide selection of tradable products, such as Forex and CFDs on stocks, commodities, energy, bullion, cryptocurrencies, and indices. The broker doesn't give exact numbers, but it's evident that they support key asset classes.

Account Types

Leverage

OFM provides leverage of up to 500:1, allowing traders to manage larger positions with less cash. While high leverage can boost possible earnings, it also raises the danger of huge losses, particularly in unpredictable markets.

OFM Fees

OFMs fees are generally moderate and competitive with industrial standards. Standard Accounts have no trading commission, while Pro Accounts charge a $7 per lot round-turn. Deposit and withdrawal policies are mostly free within limits, and inactivity or admin fees may apply in specific cases.

Trading Platform

Deposit and Withdrawal

OFM does not impose fees for deposits under $50,000 per month, but it does charge a 3% fee for amounts more than that. Withdrawals are free if the amount is $50 or greater, or if the entire balance is withdrawn. Withdrawals of less than $50 are subject to a $25 charge. The minimum deposit to open an account is $50.