One Global Market Limited is regulated and authorized by the Financial Conduct Authority (FCA) under firm reference number [FRN]: 769481.
Trading products are represented in three groups of assets – Forex, Indices and Metals. There are more than 30 currency pairs, including exotic ones, and the EUR/USD spread starts at 0.3 pips. However, OGM doesn’t provide any cryptocurrencies for trading and the minimum deposit is inexplicably high – USD2,000.
OGM offers two types of platforms to cater to the needs of every individual trader. The first one is the MetaTrader 4 platform. In addition to the desktop version, customers can also trade through the mobile version of the platform. The second one is called FIX API. OGM provides institutional STP liquidity to other trading platforms via the Financial Information Exchange (FIX) protocol that is a messaging standard developed especially for the real-time electronic exchange of global trading transactions.
OGM claims it welcomes scalpers, so if you use this method of trading, there will be no problems here. We have to notice there are only a few brokers allowing traders to scalp. However, the Order execution policy explains that under certain trading conditions it may be impossible to execute the stop loss order or the market order at the requested price and OGM has the right to execute them at the next best price. In other words, slippage can be applied to all types of orders and stop loss orders are not guaranteed. During the important news they can be executed at a much worse price than initially set. Moreover, there is written that ‘in some cases’ a trader may not be able to open a hedging position, due to the margin level requirements. Another important information is that retail clients could sustain a loss of all deposited funds but are not subject to subsequent payment obligations beyond the deposited funds and professional clients could sustain losses in excess of deposits.
If you would like, you can become an introducing broker (IB) of OGM and profit from trading volumes. OGM’s Programming Services offers custom MT4 programming. The company can create some custom expert advisors (EAs) based on client trading rules.
Along with debit and credit cards, clients of One Global Market can deposit funds with popular e-wallets like Neteller, Skrill, Bpay and UnionPay, as well as bank wire transfers.
We can conclude OMG has a solid license issued by FCA and clients can enjoy dealing through the MT4 terminal. However, OGM obviously acts as a market maker, so it will be able to deal against you.