Company Profile
Company Profile
Review summary
| 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 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
| Pros | Cons |
| Offers both MT4 & MT5 trading platforms | Not regulated |
| Wide range of tradable instruments | Withdrawal fees charged |
| Supports demo and Islamic accounts |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types
| 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) |
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.
| 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
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 (MT4) | ✔ | PC, Web, Mobile | Beginners |
| MetaTrader 5 (MT5) | ✔ | PC, Web, Mobile | Experienced traders |
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.
| 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) | ✔ | ✔ |
