OFinancial Forex Broker

OFinancialReview Summary Founded2024 Registered Country/RegionAnguilla RegulationUnregulated Market InstrumentsForex, Commodities, Stocks, Cryptocurrencies, Indices Demo Account/ LeverageUp to 1:1000 SpreadFloating Spread from 0 pips Trading PlatformMT5 Min Deposit$10 Customer SupportEmail: info@ofinancial.markets Tel: +971 4 526 4876 Live Chat Social Media: Twitter, Instagram, Facebook, Linkedin, Youtube Company Address: Office 3, 3rd Floor, One Central, Dubai World Trade Centre, Dubai, UAE Regional RestrictionUSA, Iraq, Iran, Myanmar, North Korea.OFinancial Information OFinancial is an unregulated online trading platform based in Anguilla, offering access to forex, commodities, stocks, cryptocurrencies, and indices. The platform provides three account types with a minimum deposit requirement of $10, leverage up to 1:100, and floating spreads starting from 0 pips. Notably, OFinancial does not accept clients from the USA, Iraq, Iran, Myanmar, or North Korea.Pros & Cons ProsCons Multiple Financial ProductsUnregulation MT5 SupportedRegional Restriction Low Minimum Deposit RequirementLack of Information about Fees Four Account Types availableIs OFinancial Legit? OFinancial is not a legitimate platform. Please note that OFinancial operates as an unregulated entity, lacking oversight from recognized financial authorities.What Can I Trade on OFinancial? Traders on OFinancial can get access to different products like Forex, Commodities, Stocks, Cryptocurrencies, and Indices. Trading AssetAvailable forex✔ Stocks / ETFs✔ commodities✔ indices✔ cryptocurrencies✔ metals❌ energies❌ options❌ funds❌Account Types/Leverage Traders on OFinancial can choose from three types of accounts. Each one has its own features. Account TypeMinimum DepositFloating Spread (Pips)Trade Commission (Per Side)Maximum LeverageBase Currencies Classic$101.0$01:1000EUR, USD Premier$10000.0$3.51:1000EUR, USD Elite$50000.0$2.51:1000EUR, USDTrading Platform The trading platform available on OFinancial is MetaTrader 5 (MT5), which is a multi-asset platform for trading forex, stocks, futures, and CFDs. It features advanced charts, technical indicators, and flexible order types (market, pending, stop, trailing stops). Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced trader MT4❌Desktop, Mobile, WebBeginner Trading View❌Desktop, Mobile, Tablets, WebBeginnerDeposit and Withdrawal According to OFinancial, traders are able to get a 50% extra bonus on their first deposit, but the bonus can only be used to trade and cannot be withdrawn. A minimum deposit of 100 USD/EUR is required to get a bonus. The amount of bones is up to a maximum of 5000 USD/EUR.