OGFX Review

What is OGFX?

Ocean Global Markets, or OG, is an Australian financial service provider that offers online trading. Established in 2009, the company has its headquarters in Sydney. Its initial focus was to offer services to institutional clients. However, it also offers retail customers' services since 2017.

OG uses a STP execution model. Orders are sent directly to international markets. Traders have access to fast servers and prices from global liquidity providers. STP brokers often compare liquidity providers to find the best pricing available for the client.

The product range includes Forex, with more than 50 currency pairs and a tight spread offer, Commodities with high leverage, Metals, and Global Indices.

OG broker offers its clients technical trading assistance, but also exceptional customer service, including VIP treatment, market training and a host of tools that will help them succeed. OG has developed educational tools and resources to help traders keep their skills sharp. These include dedicated trading platform guides, advanced strategies, market analysis articles, overviews, and fundamental analysis content.

Broker: OGFX

Minimum deposit: 1,000 US$

Leverage: 1:400

Regulator: ASIC

Year: 2009

Platforms: MT4

HQ: Australia

OGFX Licenses:

Ocean Global Markets Ltd - authorized by ASIC (Australia)registration no. AFSL 332 890 is not active

Before you make any decisions, read the OGFX Review.

Overview

OG also partners with FXPLUS Trading Academy to provide professional education and training for traders. FXPLUS was founded by elite traders from Australia and China in order to empower investors around the globe. These courses are divided according to their complexity. Certificate Courses offer the opportunity to obtain DFP (Diploma in Financial Planning).

Pros

Competitive spreads
Popular platform
Regulated
Segregation of funds

Cons

High Minimum deposit
No US clients allowed

Rating of the company overall

Reliability ⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐

RATING: 4.3

Is OGFX a scam or safe?

Ocean Global Markets Ltd is an Australian company that has been regulated by ASIC. (Learn more about ASIC-regulated Blueberry brokers). The company is required to adhere to strict operating guidelines by regulators. This ensures that investors can trade in a safe environment. Security of funds is a major aspect of regulation. Fund flow must be through trust accounts with zero risk. Funds are held in segregated accounts at top-tier banks.

Secure connection and data security provided by CME Group backup copy, assuring information safety and execution. The regulated company meets the standards for trading and delivers a trustable investment environment. This is crucial when choosing a broker.

Table of Contents

Overview

Is OGFX a scam or safe?

Account Types

There are two types of trading accounts that you can choose from, which allows you to select the most suitable trading conditions. Traders can open a risk-free account that is free of obligations and allows them to trade for up to 30 days.

It is simple to open a Standard Account in just three steps. You will need to make a payment of 1,000 USD to trade. Multi-currency accounts are also available.

The Pro Account offers lower trading costs and a minimum deposit of 50,000$. This is the best option for active traders. The traders will also enjoy regular market outlooks and trading reports, in addition to the cost.

Taking into account the possibility of losing, clients must choose the right trading leverage and trading style. OG provides a flexible leverage range from 1:100 to 1:2,000. The broker must deposit funds before opening forex trading. This is to protect the client from any possible losses.

Trading Platforms

MetaTrader4 is a cutting edge platform that many traders use to trade Forex, Metals and Futures Markets. MT4 is a popular choice because it has all the necessary features to allow for successful trading. MT4 can be used on almost any device, including mobile and desktop versions.

Metatrader has 30 built-in technical indicator that allows for a wider analysis of quotes. There are also navigator and financial instrument charts at the Terminal window. The MT4's extensive automated trading feature, powered by Expert Advisors (EAs), is also well-known. EAs are allowed by the OG. However, traders have the freedom to choose from the available EAs to create their own or automate their trading strategies. Robot trading is possible without the need to be a programmer, as there are many options available.

The OG has upgraded the mobile version of MT4 to make it more convenient and reliable for traders and monitor the market. It is compatible with both Android and iOS devices. This means that traders can use the application on the move just as they do on their computers.

Funding Methods

OG offers three options for instant deposit Alipay Union Pay or Electronic Fund Transfer. Clients can choose from any of these options. You can request withdrawals through the online application form. However, the withdrawal must be made using the same payment method that was used to deposit.

Standard withdrawals are free, but banks charge transfer fees. These fees can be deducted from the total amount and cannot be guaranteed by the OG.

Conclusion to OGFX

OGFX Review reveals the company that established itself in Australia and has expanded its offerings worldwide. With years of experience, the company offers reliable access to the most popular markets through ASIC regulation.

The company relied primarily on institutional solutions initially, but recently expanded its offerings to retail clients. The traders have access to the best trading conditions, true STP execution and competitive conditions. The company only offers two accounts, but the overall feature is a high-quality offering.

OGFX News

OGFX website is still inactive and unreachable. This means that the broker has muted its trading offerings and doesn't offer account openings.