Score
OFinancial
http://ofinancial.markets/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
Contact
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
Account
- Environment--
- Currency--
- Maximum Leverage1:1000
- SupportedEA
- Minimum Deposit5000 USD
- Minimum Spreadfrom 0.0
- Depositing Method(14+) VISA Skrill MASTER Bank transfer
- Withdrawal Method(12+) Bank transfer VISA Skrill MASTER
- Minimum Position0.01
- Commission5 USD per lot (FX and Oil) - 6 USD Per lot (Metals)
- Products--
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
ofinancial.markets
4.175.17.83Server LocationNetherlands
ICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
Relevant Enterprises
Company Summary
| OFinancialReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Anguilla |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Stocks, Cryptocurrencies, Indices |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | Floating Spread from 0 pips |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Support | Email: info@ofinancial.markets |
| Tel: +971 4 526 4876 | |
| Live Chat | |
| Social Media: Twitter, Instagram, Facebook, Linkedin, Youtube | |
| Company Address: Office 3, 3rd Floor, One Central, Dubai World Trade Centre, Dubai, UAE | |
| Regional Restriction | USA, Iraq, Iran, Myanmar, North Korea. |
OFinancial Information
OFinancial is an unregulated online trading platform based in Anguilla, offering access to forex, commodities, stocks, cryptocurrencies, and indices. The platform provides three account types with a minimum deposit requirement of $10, leverage up to 1:100, and floating spreads starting from 0 pips. Notably, OFinancial does not accept clients from the USA, Iraq, Iran, Myanmar, or North Korea.

Pros & Cons
| Pros | Cons |
| Multiple Financial Products | Unregulation |
| MT5 Supported | Regional Restriction |
| Low Minimum Deposit Requirement | Lack of Information about Fees |
| Four Account Types available |
Is OFinancial Legit?
OFinancial is not a legitimate platform. Please note that OFinancial operates as an unregulated entity, lacking oversight from recognized financial authorities.

What Can I Trade on OFinancial?
Traders on OFinancial can get access to different products like Forex, Commodities, Stocks, Cryptocurrencies, and Indices.
| Trading Asset | Available |
| forex | ✔ |
| Stocks / ETFs | ✔ |
| commodities | ✔ |
| indices | ✔ |
| cryptocurrencies | ✔ |
| metals | ❌ |
| energies | ❌ |
| options | ❌ |
| funds | ❌ |

Account Types/Leverage
Traders on OFinancial can choose from three types of accounts. Each one has its own features.
| Account Type | Minimum Deposit | Floating Spread (Pips) | Trade Commission (Per Side) | Maximum Leverage | Base Currencies |
| Classic | $10 | 1.0 | $0 | 1:1000 | EUR, USD |
| Premier | $1000 | 0.0 | $3.5 | 1:1000 | EUR, USD |
| Elite | $5000 | 0.0 | $2.5 | 1:1000 | EUR, USD |

Trading Platform
The trading platform available on OFinancial is MetaTrader 5 (MT5), which is a multi-asset platform for trading forex, stocks, futures, and CFDs. It features advanced charts, technical indicators, and flexible order types (market, pending, stop, trailing stops).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced trader |
| MT4 | ❌ | Desktop, Mobile, Web | Beginner |
| Trading View | ❌ | Desktop, Mobile, Tablets, Web | Beginner |

Deposit and Withdrawal
According to OFinancial, traders are able to get a 50% extra bonus on their first deposit, but the bonus can only be used to trade and cannot be withdrawn. A minimum deposit of 100 USD/EUR is required to get a bonus. The amount of bones is up to a maximum of 5000 USD/EUR.

Keywords
- 1-2 years
- Suspicious Regulatory License
- MT5 Full License
- Regional Brokers
- High potential risk
Wiki Q&A
Is OFinancial legit?
While OFinancial provides various trading instruments, it is not a legitimate platform due to its unregulated status. For me, legitimacy goes hand-in-hand with regulation, and because OFinancial lacks proper oversight, I would be cautious about trusting them with my funds.
What is the spread at OFinancial?
The spread on OFinancial varies by account type. For the Classic account, the spread starts at 1.0 pip, while the Premier and Elite accounts offer floating spreads starting from 0 pips. Personally, I’d opt for the Premier or Elite accounts if I wanted tighter spreads, but I’d also need to account for the commissions.
What platforms does OFinancial provide?
OFinancial provides MetaTrader 5 (MT5), which is a robust trading platform that I personally prefer. MT5 has advanced charting tools, indicators, and multiple order types, making it suitable for experienced traders like myself. However, I wish they also offered MT4, as it’s more familiar to some traders.
Does OFinancial charge commissions?
Yes, OFinancial charges commissions on their Premier and Elite accounts. The commission is $3.5 per side for the Premier account and $2.5 per side for the Elite account. For the Classic account, there are no commissions, but the spread is a bit wider, starting from 1 pip. I prefer commission-free accounts for smaller trades, but the lower commission on the Elite account would suit me if I was trading larger volumes.
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