Log in/ Register
5-10 years Regulatory Index 0.00
Business Index 7.24
Risk Management Index 0.00
LicensesLicensed Entity：AXICORP FINANCIAL SERVICES PTY LTD
License No. 318232
Warning: Low score, please stay away!
Saint Vincent and the Grenadines
ofm.group ofmarketsgroup.com
Subscribe in the App to unlock!
| OFM Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Cryptos, CFDs, Indices, Shares |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | MT4, MT5 |
| Minimum Deposit | $50 |
| Customer Support | Email: info@ofmarkets.com |
| Tel: + 44 ( 0 ) 203 544 9646 | |
| WhatsApp: +61448088246 | |
| Address: 1 Finsbury Market, London, EC2A 2BN, United Kingdom | |
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 | Cons |
| Offers both MT4 & MT5 trading platforms | Not regulated |
| Wide range of tradable instruments | Withdrawal fees charged |
| Supports demo and Islamic accounts |
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.
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
| Account Type | Description | Swap-Free Option |
| Demo Account | Simulated trading with virtual funds | ❌ |
| Live Standard | Commission-free; costs are built into the spread | ✔ (on request) |
| Live Pro Account | Commission-based pricing with tighter spreads | ✔ (on request) |
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.
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.
| Fee Type | Details |
| Standard Account Fee | No commission; cost built into the spread |
| Pro Account Commission | USD: $7 / EUR: €6.5 / GBP: £4.5 per lot (round-turn) |
| Swap Fees | Applied based on position (long/short), symbol & market rates |
| Swap-Free Option | Available (no overnight interest, but subject to misuse review) |
| Inactivity Fee | $10/month after 12 months of inactivity |
| Deposit Fee (Bank Transfer) | Free |
| Deposit Fee (Card/Others) | 3% if total monthly deposits exceed $50,000 |
| Withdrawal Fee | Free if >$50 or full balance; else $25 applies |
| Dividend Adjustment | Applied for CFDs on indices and shares |
| Rollover Charges | Applied to futures CFDs during contract switch |
| Admin Charges | May apply for statements, audits, etc. |
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | PC, Web, Mobile | Beginners |
| MetaTrader 5 (MT5) | ✔ | PC, Web, Mobile | Experienced traders |
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.
| Payment Options | Deposit | Withdrawal | Fees | Minimum Deposit |
| Credit/Debit Card | ✔ | ✔ | Free < $50k/mo; 3% above that (Deposit) | $50 |
| Bank Transfer | ✔ | ✔ | ||
| E-wallets (e.g. Skrill, Neteller) | ✔ | ✔ |
OFM offers a maximum leverage of up to 1:500, allowing traders to potentially increase their returns. However, it's important to note that higher leverage also increases the risk, and careful risk management is essential when trading with such high leverage.
OFM is an unregulated broker. This means it does not operate under any financial regulatory authority, which may pose potential risks for traders. It is important to be aware of the lack of regulation when considering trading with OFM.
Yes, OFM provides a demo account that is completely free to use for a 30-day trial. This allows traders to practice and familiarize themselves with the trading platform and conditions without risking real funds.
The main drawbacks of OFM include its unregulated status, which could increase the risk for traders. Additionally, the broker provides limited information about its deposit and withdrawal methods, which can be a concern for potential clients.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
Global Broker Regulation Inquiry App
Download
