Score
OGAM
Hong Kong|5-10 years| http://www.ogamfx.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Counterfeit
Hong KongContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
Other ways of contact
Broker Information
More
OGAM Group
OGAM
Hong Kong
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- It shows that this broker is using fake MT4, please be aware of the risks!
WikiFX Verification
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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OGAM · Company Summary
General Information & Regulation
OGAM claims to it was launched by a group of professionals with 20 years of investment and banking experience to provide Forex and CFD brokerage services to investors. OGAM has no physical address or even a phone number, and still, is not effectively regulated in any way.
Market Instruments
OGAM's offer is said to a range of financial instruments, including foreign currency pairs, as well as CFDs on indices, commodities, and precious metals.
OGAMMinimum Deposit
OGAM only offers a standard account with the minimum deposit and maximum leverage information and does not offer demo accounts.
OGAM Leverage
OGAM offers no trading leverage related information. Since leverage can amplify gains as well as losses, it is essential for traders to choose proper leverage level in case of heavy fund losses.
Spreads & Commissions
Still, as the core part of forex trading, spreads and commissions details are not provided by this broker. Since OGAM is an unregulated broker, traders should get away from it.
OGAM Trading Platform
OGAM does not provide investors with the industry-leading MT4 trading platform, nor does it provide information on other trading platforms, so clearly a scam.
OGAM Pros & Cons
OGAM Advantages Include:
1. Wide variety of trading assets
OGAM Disadvantages Include:
1. Unregulated & no physical address
2. One account type only
3. No demo accounts available
4. No trading information, such as spreads, commissions, and other fees
5. Non-MT4/MT5 trading platform
6. No information on deposit & withdrawal methods
Review 2
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