OWM, established on May 7, 2017, and registered in Vanuatu, is a forex and contract for difference (CFD) broker. It primarily offers financial trading services, including forex, commodities, CFDs on futures, and CFDs on stocks, to investors. The company's headquarters are unknown. OWM refrains from providing services in jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Hong Kong, Japan, and the Islamic Republic of Iran.
Corporate Registration Information and Regulatory Status:
The corporate entity registered in Vanuatu is Oriental Wealth Markets Limited, located at 1st floor, B&P House, Kumul Highway, Port Vila, Vanuatu. According to Whois information, the broker's official website was registered on January 20, 2021. Oriental Wealth Markets Limited is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), with the authorization date being April 14, 2023, and the license number being 40299.
Account Opening:
To open an account with OWM, one can click on the "Sign Up" button on the official website's homepage or the top-right corner. The registration process involves four steps before submission for review. These steps include providing personal information, residence details, uploading identification documents, choosing a trading platform and account type, selecting trading leverage, and confirming the information before submission. After submission, the broker sends a verification code to the provided email address for authentication. Once the verification is complete, users can deposit funds and start trading.
Account Types:
OWM offers users a demo trading account and two types of real trading accounts: Standard account and ECN account. The Standard account requires a minimum deposit of $100, with no monthly minimum trading volume, a starting spread of 0.45 pips, and support for immediate execution. The ECN account requires a minimum deposit of $3000, a monthly minimum trading volume of 50 lots, a starting spread of 0.1 pips, and also supports immediate execution.
Trading Platform:
OWM provides the MT4 trading platform for users.
Deposit and Withdrawal:
The broker has not disclosed the supported methods for deposit and withdrawal on its official website.
Partnership Programs:
OWM offers three types of partnership programs:
Introducing Broker (IB): OWM provides comprehensive operational systems and service support for IBs, including competitive commission rebate plans, advanced and efficient customer management systems, low spread diversified products, and custom business models.
White Label Program: OWM customizes high-quality white-label solutions for partners, reducing operating costs, and providing global leading liquidity quotes.
Fund Manager: OWM aims to provide a wide, high-quality, and ample liquidity quote environment for fund managers, allowing them to execute large trades at the prices they need.
Customer Support:
Users can access OWM's customer support services through phone at +678 29666, email at support@owmtrade.com, and the broker's official website's online contact form.
Summary:
The broker is marked as "operating normally" on Traderknows.
