Rating Index
Pros
Regulated by the FMA, providing a level of security and trust for traders.
Offers a user-friendly trading platform (cTrader) that caters to both beginners and experienced traders.
Allows copy trading, enabling less experienced traders to follow and replicate the strategies of successful traders.
Cons
High minimum deposit requirement of NZD 10,000, which may deter new or small-scale traders.
Limited deposit and withdrawal options, as only bank wire transfers are accepted.
Lack of negative balance protection, which could expose traders to significant losses beyond their initial investment.
Jarden broker Accounts
OMF Account Type
OMF offers different types of trading accounts, primarily focusing on forex and commodities. The minimum deposit required to open an account is 10,000 NZD. The trading conditions include a maximum leverage of 30:1 and a minimum trade size of 0.1 lots. Spreads for the EUR/USD currency pair can start as low as 1.0 pips on standard accounts. However, there is no swap-free account option available, and negative balance protection is not provided.
OMF Broker Account Opening Process
To open an account with OMF, follow these steps:
Choose Your Account Type: Select the type of trading account that suits your trading needs, keeping in mind the minimum deposit requirement.
Visit the OMF Website: Go to OMF's official website.
Complete the Application Form: Fill out the online application form with your personal details, including your name, address, and contact information.
Provide Identification: Submit identification documents, such as a government-issued ID and proof of address, to verify your identity.
Fund Your Account: After your application is approved, deposit funds into your trading account using bank wire transfer.
Start Trading: Once your account is funded, you can begin trading on the platform.
For more detailed information, you can refer to the sources:
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