OGFX Broker Reviews and Full Information

How do I define OGFX?

Ocean Global Markets or OG is an Australian financial services company that focuses on online trading. The company was founded in 2009, with its main office in Sydney and was initially set up on providing services to institutional clients in 2017, and then, as of 2017 it has offered services to customers who are retail.

The execution process employed by OG executes an STP model. Orders are delivered to the international market directly, which means that the trader have access to speedy servers and costs of international liquidity providers. STP brokers generally review liquidity providers to select the most competitive pricing will be offered to the client.

The product range comprises Forex with more than 50 currency pairs that have a very low spread, Commodities with very high leverage, Metals , and international Indices.

Furthermore, OG broker provides its customers not just with the technical aspect of trading but also the best customer support, market education, personal services and an array of tools that can help you achieve greater success. To maintain trading expertise, OG developed education tools and resources that include trading platform guides and sophisticated trading strategies, and articles from market analysts, and fundamental analysis content , and reviews.

Additionally, OG engages into partnership with the FXPLUS Trading Academy, so traders receive the best professional education and instruction. FXPLUS was founded by top professional traders and experts in Australia as well as China to help investors across the globe. The courses are categorized by degree of difficulty and also include Certificate Courses that provide specific knowledge and the possibility of obtaining DFP (Diploma of financial planning).

Is OGFX legitimate or just a fraud?

Ocean Global Markets Ltd as an Australian business that is regulated by Local Authority ASIC. The ASIC regulates the company to ensure that it follows strict operating guidelines to ensure the safety of trading setting for the investors. Security of funds is among the most important aspects of regulation, and it demands Fund flow through trust accounts with no risk. Funds are stored in top-tier banks with segregated accounts.

Data security and secure connections that is provided by backup copies by CME Group, assure information security as well as smooth execution. Overall, the CME Group is a regulated business that adheres to the standards of trading process and delivers an environment for investment that is secure that is essential when selecting a broker.

Types of Accounts

Two account types that let you choose the best trading conditions. If you want to join the biggest financial market trading platform, the trader is able to start by opening a free account, risk-free and with no commitment for 30 days of use.

The standard Account is simple to open the account in just three steps. The minimum amount required to begin trading is 1000 dollars and there is also the option to open a denominated account in multiple currencies.

Pro Account Pro Account offers reduced trading costs with a lowest deposit amount of $50,000. This is the ideal option for traders who are active. Beyond the fees traders will also get trading reports and regularly updated market forecasts.

With regard to the risk of loss as a possibility, the customer must choose the trading leverage with care and adhere to the trading way of life, and OG provides a pliable leverage between 1:100 and 1:400. In order to enter into forex trading brokers require the deposit of funds to cover the risk for any losses that may be caused, so the initial margin must be paid before opening the transaction.

Trade Platforms

MetaTrader4 is a cutting-edge trading platform that is used by a lot of traders to trade Forex, Metals and Futures Markets. MT4 is a popular choice due to its extensive essential features needed to conduct profitable trading. Additionally, MT4 accommodates almost any gadget and also includes Desktop and Mobile versions.

Metatrader provides thirty built-in indicators of technical nature that permit an extensive analysis of quotes as well as charts for financial instruments and navigator within the terminal window. In addition, MT4 is renowned for its full automated trading feature, which is driven by EAs (Expert Advisors). The OG does not restrict the usage of EAs however, traders can pick the best one on the market, or create their own or automate a trading strategies. There is no need to be a programmer to use automated trading as the marketplace provides the most advanced options of options to select from.

Mobile version MT4 has been upgraded by the OG which provides the most user-friendly and reliable method to monitor and trade on the market. The app is compatible with both Android and iOS devices, so the trader is able to use it the similar to desktop computers, but in a mobile version.

Methods for Funding

OG provide three options for immediate deposit Alipay, Union Pay and Electronic Fund Transfer, thus the customer can pick one of the three options. The withdrawals are processed using the application form available on the site, however the request must be made using the same method of payment as when the initial deposit was placed.

There's no cost for the normal withdrawal however, most banks use the term charges for transfer charges and these fees can be taken out of the amount, but it cannot be guarantee by the OG company.

Finalization on OGFX

OGFX Review shows the company which began operations in Australia and expanded its offerings across the globe. OGFX provides a secure and regulated ASIC accessibility for traders to trade the most well-known markets, with the knowledge proven through the years of operations.

One of the benefits is the fact that the company was primarily based on solutions for institutions initially, and then recently expanded the service to retail customers. This means that traders will benefit from trading conditions and STP execution under competitive conditions. While the company has two accounts at the cost of a significant amount for the initial time, the overall service is of a superior quality to the market