ogm-fx is a Contract for Difference (CFD) brokerage website, which registered its official domain name on June 13, 2024. It primarily offers trading services in foreign exchange, precious metals, crude oil, indices, and cryptocurrencies to retail and institutional clients. This broker does not provide services to jurisdictions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the ogm-fx official website shows that the broker's full name is OGFX, with its headquarters located in London, UK. However, on the company's profile page, it is stated that its headquarters is in New South Wales, Australia and that it is one of the top 50 financial services companies in the UK.
Upon verification, no registrations for a company named OGFX could be found with the UK Companies House, the UK's Financial Conduct Authority (FCA), or the Australian Securities and Investments Commission (ASIC). Therefore, ogm-fx is essentially a fraudulent brokerage website with no registered entity or regulatory oversight.
Additionally, the website design and content of ogm-fx are remarkably similar to those of other fraudulent brokerage sites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex.
Account Opening Process:
To open an account with ogm-fx, visit the broker's official website and click on "Open Account" on the homepage or at the top right corner of the webpage. Fill in your email address and set a password as required. The broker will then send a verification code to the email address provided. Enter the verification code into the application form and submit it. Once the application is submitted, the account will be successfully created. After logging in, identity verification is required before deposits and trading can begin.
Trading Account Information:
The ogm-fx official website only discloses information on spreads, leverage, and contract size, but does not provide details on account types, trading commissions, minimum/maximum trade size, maximum position/order size, margin call/stop out levels, or minimum price increments.
- Spread: Floating, starting from 1 pip
- Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
The ogm-fx website claims to offer the ST5 trading platform to users, available for both desktop and mobile devices. This platform offers more than 50 technical indicators and intraday analysis tools, along with features for advanced traders.
Deposits and Withdrawals:
ogm-fx does not clearly specify the supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that ogm-fx is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
