Global Broker Regulation Inquiry App
WikiFX
Razzie87 
1-2 years
Does OWM have any cons?
Broker Issues
Regulation
2025-05-10
United States
WikiFX
Reply
A significant con, in my view, is that OWM is only offshore regulated by the VFSC. This means that its regulatory oversight is less robust than that of brokers regulated by major authorities. Additionally, OWM doesn’t provide much transparency about its trading conditions, which leaves me uncertain about the potential costs involved in trading on their platform.
Similar Questions
What are the pros and cons of BCM Markets?
mohdfazlan
2025-07-03
Is BKW regulated?
kennis2244
2025-06-15
Is CMC Markets regulated?
schlaepfi
2025-06-23
What do I think about the regulatory status of Currency Solutions?
Elio Matacena
2025-07-04
Considering customer feedback and your own evaluation, how legitimate do you believe FX Broadnet is?
schlaepfi
2025-08-26