OFinancial

Vladimir

1-2 سنة

Is OFinancial legit?

WikiFX رد

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.

Broker Issues

OFinancial

Regulation

06-11

الولايات المتحدة

Elio Matacena

1-2 سنة

What is the spread at OFinancial?

WikiFX رد

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.

Broker Issues

OFinancial

Fees and Spreads

05-30

الولايات المتحدة

webgalaxy

1-2 سنة

What platforms does OFinancial provide?

WikiFX رد

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.

Broker Issues

OFinancial

Account

Leverage

Platform

Instruments

05-16

الولايات المتحدة

sinopi

1-2 سنة

Does OFinancial charge commissions?

WikiFX رد

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.

Broker Issues

OFinancial

Fees and Spreads

04-22

الولايات المتحدة