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One Global Market Review - is it scam or safe?

One Global Market review - Is ogm.market scam or good forex broker?

RATING: 3.5 / 0 REVIEWS One Global Market
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One Global Market or OGM is a UK forex and CFD broker, regulated and authorized by the Financial Conduct Authority (FCA) in London, offering tight spreads with a choice of two premium trading platforms - Trading Station and the MetaTrader4 platform. Here you may find more details about their offer.

 

Account type Min. deposit Max. leverage Spreads
Standard Account $2000 1:30 0,3 pips

 

One Global Market Advantages:

 

Regulated by FCA

 

The Financial Conduct Authority (FCA) in the UK is an institution with a undeniable reputation in the forex industry. All brokers holding FCA licenses are subject to rigorous regulatory oversight and have to follow strict financial and ethical rules. 

 

As we noted One Global Market  and One Global Market Limited, the company that owns and operates  the broker, are licensed by the FCA.

 

On top of that One Global Market, along with all other FCA regulated brokers is required to participate in a client compensation scheme, which virtually insures the funds in your trading account for up to 85 000 GBP, payable in the unlikely event your broker happens to be insolvent.

 

Besides, here you may also check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Tight spreads

 

We tested One Global Market trading platform with a demo account and the spreads we saw there were really tight – 0,2 pip – 0,3 pip for the benchmark EURUSD pair. On top of that One Global Market  does not charge a trading commission and that makes their offer really attractive. Still, here you may check our list of brokers offering tight spreads as well:

 

>> Lowest spread forex brokers<<

 

Nice selection of currency pairs

 

We counted over 30 major, minor and cross currency pairs, some of which exotic like USDTRY, USDMXN and USDZAR, and also a number CFDs on WTI Crude Oil and Brent, gold, silver and several indices including CAC 40, Dax, FTSE 100 and IBEX 35. No crypto assets are available however, so here you may also check our list of brokers trading with Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

MetaTrader4 and Trading Station supported

 

Trading Station is One Global Market  proprietary trading platform with powerful analytical tools for chart traders and straightforward capabilities for new traders. MetaTrader4 on the other hand is probably the best known and the most widely used trading platform on the market. It is highly reliable, light and intuitive, featuring numerous market indicators and customizable trading bots with which one can easily run automated trading sessions. So here you may also check our list of brokers supporting MetaTrader4 as well: 

 

 >>MT4 Brokers<<

 

Various payment methods accepted

 

Along with debit and credit cards like VISA and MasterCard, at One Global Market you can deposit and withdraw funds with popular e-wallet like NetellerSkrill, Bpay and UnionPay, as well as bank wire. No bitcoins are accepted however, so here you may check our list of brokers, where you can pay with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

One Global Market Disadvantages:

 

Conservative leverage 

 

The leverage offered by One Global Market – 1:30 is in line with the regulations of the European Securities and Markets Authority adopted in August 2018 throughout the European Union in a coordinated effort to reduce trading risks for retail investors. Still, if you are tempted to trade with higher leverage, here you may check our list of brokers regulated in Australia – the last major regulatory hub, where higher margin trading remains unrestricted, at least for now:

 

>>Brokers regulated in Australia<<

 

High minimum deposit requirement 

 

We see that as the only major disadvantage with One Global Market. The minimum deposit requirement of 2000 USD is roughly 8 to 10 times higher than what most brokers would usually require for a standard account.

 

Conclusion:

 

One Global Market has a solid license and that means your funds will be completely secure with them. On top of that they offer virtually raw spreads with two of the best trading platforms – Trading Station and the MetaTrader4. And despite the relatively high minimum deposit requirement, all of that makes us rank One Global Market among our recommended brokers.

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Traders` reviews for One Global Market

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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