OGFX Review (2023)

Read OGFX Review before you make any decision, as well as get as many details as possible while rewieing any broker in order to choose the best.

What is OGFX?

Ocean Global Markets or OG is an Australian financial services provider that involves online trading. The company was established in 2009 with its headquarters in Sydney and firstly put focus to provide services to institutional customers, while further since 2017 brought an offer to the retail clients.

The execution method operated at OG performs STP model while orders are sent to international market directly, thus trader can access fast servers with the prices from global liquidity providers. STP brokers usually compare liquidity providers and choose the best available pricing that onward offered to the client.

The product range includes Forex with over 50 currency pairs with the tight spread offering, Commodities with a quite high leverage, Metals and global Indices.

Moreover, OG broker provides its clients not only with the technical part of trading but with the exceptional customer services along with market training, VIP treatments and a ton of tools to help with further success. In order to maintain trading skills, OG developed education tools and resources with dedicated trading platform guides, advanced trading strategies, articles from market analyst, fundamental analysis content and overviews.

Furthermore, OG engages into partnership with the FXPLUS Trading Academy, so that the traders can get the most professional education and training. FXPLUS was established by elite level traders and professionals from Australia and China to empower investors from around the world. The courses divided by the level of complexity, as well as Certificate Courses with particular knowledge and chance to get DFP (Diploma if Financial Planning).

Is OGFX safe or a scam?

Ocean Global Markets Ltd as an Australian company regulated by the local authority ASIC (Learn about ASIC regulated Blueberry broker). The regulators supervise the company to follow strict operational guidelines, which ensures a safe trading environment for investors. The security of funds is one of the major points in regulation, which requires Fund flow through trust account with zero risks while funds are kept in top-tier banks segregated accounts.

Data security and secure connection provided by backup copy by CME Group, assure information safety as well as execution. Overall, the regulated company complies with standards of trading process and delivery of the trustable investment environment, which is crucial while choosing the broker.

Account Types

Trading options including two account types that allow to chose the best suitable trading conditions. To join the largest financial market, the trader can start with a risk-free account with no obligations for 30 days use.

The Standard Account is easy to open the account just in three steps. The required payment to start trading is 1,000$, while there is availability to denominate account in multi-currencies.

Pro Account offering lower trading cost with the minimum deposit of 50,000$ and is the best feature for active traders. Apart from the costs, the traders will enjoy trading reports and regular market outlooks.

Taking into the consideration the risk of losses, the client must use the trading leverage smartly and adopt the trading style, while OG offers a flexible leverage from 1:100 to 1:400. As a condition of entering into forex trading, the brokers using the deposit of funds to secure client’s liability for any losses may be incurred, thus the initial margin is due and payable prior to opening a transaction.

Trading Platforms

MetaTrader4 is a cutting-edge platform used by many traders for Forex, Metals and Futures Markets. MT4 is the popular choice due to its complete, necessary features required to perform potentially successful trading. Furthermore, MT4 accommodates almost any device and includes Desktop, Mobile versions.

Metatrader offers 30 built-in technical indicators that allow a widen analysis of quotes, along with navigator and financial instruments charts at Terminal window. As well, the MT4 is known for its comprehensive automated trading feature that is powered by the EAs (Expert Advisors). The OG does not limit the use of EAs, while traders can choose the best suitable from the marketplace, to develop own one or to automate trading strategy. There is no requirement to be a developer to perform robot trading since the marketplace offers a truly advanced range to choose from.

The mobile version of MT4 was upgraded by the OG that provides the most convenient and reliable way to monitor and trade in the market. The application is suitable for both Android or iOS devices, hence the trader can take advantage as same as on the computers but on the go.

Funding Methods

OG provider three methods to instant deposit Alipay, Union Pay and Electronic Fund Transfer, thus the client can choose either of the options. The withdrawals are processed through the application form on the website, yet the request must be with the same payment method as the deposit was made.

There is no charge for the standard withdrawal, yet generally, banks refer to transfer charge fees and the fees can be deducted from the amount, which can’t be guaranteed by the OG company.

Conclusion on OGFX

OGFX Review shows the company which established its operation in Australia and spread its offering worldwide. The company provides a reliable, regulated by ASIC access to trade the most popular markets with the expertise proved by the years of operation.

One of the advantages is that the company relied firstly on institutional solutions firstly, while recently upgraded its proposal to retail clients. Thus, the traders can enjoy the trading conditions and true STP execution with competitive conditions. Even though the company offers only two accounts with a relatively high cost to start, the general feature brings a quality offering to the market.

OGFX Updates

Recently OGFX website remains inactive and unavailable to reach, meaning the broker mute its trading offering and does not propose account openings.