Note: Regrettably, the official website of OGFX, namely http://www.ogfx.com.au/, is currently experiencing functionality issues.
What is OGFX？
OGFX, a broker registered in Australia. Offering the MT4 trading platform, OGFX also promises customer support through phone, email, and QQ. However, the inaccessibility of their official website raises concerns about the reliability and transparency of their trading platform.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- Offers the popular MetaTrader 4 (MT4) trading platform, known for its advanced features and user-friendly interface.
Cons:
- There are suspicions that the ASIC regulation provided by OGFX is a clone, raising concerns about the broker's legitimacy.
- The inaccessibility of their official website raises questions about the reliability and transparency of their platform.
- The discrepancy between their reported address and regulatory address adds to the uncertainties surrounding OGFX's credibility. Investors should exercise caution when dealing with this broker.
Is OGFX Legit or a Scam？
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, indicating potential fraudulent activity. This poses a significant risk to investors who may unknowingly trust the legitimacy of the broker based on false regulatory credentials.
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. The lack of accessibility raises doubts about the broker's credibility and may indicate potential issues with their technology infrastructure or operational capabilities. 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 KOSEI Securities.
WikiFX Field Survey
This 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.
Trading Platform
OGFX provides its clients with access to the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced features. With MT4, traders can benefit from a wide range of tools and resources to enhance their trading experience. The platform offers advanced charting capabilities, allowing traders to analyze market trends and make informed decisions. Additionally, MT4 supports a variety of financial instruments, including forex, stocks, commodities, and indices, all accessible within a single platform.
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 to keep traders informed about market developments and potential trading opportunities. The platform is also mobile-compatible, allowing traders to access their accounts and manage their positions on-the-go via their smartphones or tablets.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Telephone: +61 1300 459 688 / 611300459688
QQ: 800188484
Email: service@ogfx.com.au
Conclusion
In conclusion, OGFX presents risks for traders. While it offers the popular MT4 trading platform, there are serious concerns regarding the validity of its ASIC regulation, the inaccessibility of its website, and the discovery that it is a clone broker posing as another legitimate company. The discrepancies in its reported address further raise doubts about the broker's credibility. Traders must be cautious before trading with it.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
