Score
Australia
|
5-10 years
| http://www.ogfx.com.au/
Website
Rating Index
LicensesLicensed Entity：Neptune Securities LTD
License No. 000332890
AustraliaOGFX’ Office in Australia Does Not Exist
The visit by our inspection personnel confirmed that the broker OGFX’ real address was inconsistent with its regulatory address. The license issued by ASIC (reference number 332890) claimed by this broker is under out-of-range operation status. Please be careful when considering this broker.
AustraliaOGFX’ Office in Australia Does Not Exist
The visit by our inspection personnel confirmed that the broker OGFX’ real address was inconsistent with its regulatory address. The license issued by ASIC (reference number 332890) claimed by this broker is under out-of-range operation status. Please be careful when considering this broker.
Australia
ogfx.com.au Hong KongNote: OGFX's official website https://www.ogfx.com.au/ is currently inaccessible normally.
| OGFXReview Summary | |
| Founded | 2008 |
| Registered Country/Region | Australia |
| Regulation | ASIC (Suspicious Clone) |
| Market Instruments | Forex, etc. |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| EUR/USD Spread | Floating around 0.2 pips |
| Trading Platform | MT4 |
| Min Deposit | $1,000 |
| Customer Support | Tel: +61 1300 459 688 |
| Email: service@ogfx.com.au | |
| QQ: 00188484 | |
OGFX is a financial company registered in Australia. It offers two types of accounts, and the leverage can be up to 1:400. The minimum deposit is relatively high, which is 1,000 dollars. What's more, its regulatory license is suspiciously cloned.
| Pros | Cons |
| MT4 provided | Inaccessible official website |
| Demo accounts available | Suspicious clone ASIC license |
| Tight EUR/USD spread | High minimum deposit |
Investors should exercise caution when dealing with KOSEI Securities as there are red flags regarding the legitimacy of their regulatory claims. The Australian Securities and Investments Commission (ASIC) license number provided by the broker (License Type: Investment Advisory License license number: 332890) is suspected to be a clone. This poses a significant risk to investors who may unknowingly trust the legitimacy of the broker based on false regulatory credentials.
| Regulatory Authority | Australia Securities & Investment Commission (ASIC) |
| Regulatory Status | Suspicious Clone |
| Regulated by | Australia |
| Licensed Institution | Neptune Securities LTD |
| Licensed Type | Investment Advisory License |
| Licensed Number | 332890 |
Furthermore, the inaccessibility of their official website adds another layer of concern regarding the reliability and transparency of their trading platform. A reputable and trustworthy broker would typically have a user-friendly website that is easily accessible to clients for account management and trading purposes.
Besides, this OGFX is a clone broker posing as a legit one to misunderstand people, and it has nothing to do with another Ocean Global Markets (short for OGFX). Please be aware of the potential scam.
These warning signs should not be taken lightly, as they suggest a higher level of risk associated with investing in OGFX.
WikiFX field survey team paid a visit to this OGFX‘s official address at Suite 706, 1-5 Railway Street, CHATSWOOD, NSW 2067. However, the team confirmed that the broker OGFX’s real address is not consistent with its regulatory address.
OGFX offers 2 types of accounts: Standard, and Pro. Free demo accounts are also available.
| Account Type | Min Deposit |
| Standard | $1,000 |
| Pro | $50,000 |
For both accounts, the leverage can be up to 1:400. High leverage may bring potential risks, so careful considerations are needed.
The EUR/USD spread is floating around 0.2 pips. The commission fee is $18, and swap fees are not needed.
OGFX provides its clients with access to the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced features.
One of the standout features of MT4 is its support for automated trading through Expert Advisors (EAs). This feature enables traders to automate their trading strategies and execute trades based on predefined rules and parameters. Moreover, MT4 provides real-time quotes, news updates, and customizable alerts.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
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