O-Markets review – 5 things you should know about o-markets.com

O-Markets review – 5 things you should know about o-markets.com

Beware! O-Markets is an offshore broker! Your investment may be at risk.


IG USForex.com

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


O-Markets invites the traders to trade honestly and transparently with them, but that’s a deceptive claim for this broker is everything else but visible. They also advertise Metatrader5 trading but the only platform you can get from their website is the generic MT5 distribution, useless for real trading actually. It’s even more disturbing to see that they ask the traders to install AnyDesk- a remote desktop software allowing access to traders’ computer. Substantial evidence of scam indeed! Find out whether this broker is worthy or not in the full O-Markets review.


O-Markets doesn’t list a headquarter address or a contact number, there is only a query form for a callback, and that’s all. There isn’t any information about the company you can find on the website either, which is a major red flag we need to raise. O-Markets vaguely declare to be London based, so to operate as a Forex broker it must hold a valid FCA license. We researched the British financial regulator register but couldn’t find anything about O-Markets.

Your funds are in danger if you deposit with O-markets because it’s an unlicensed and unregulated anonymous Forex broker, which cannot guarantee the traders’ security. We also suspect it’s a scam enterprise for they are misleading the public about the trading platform they offer, but we’ll discuss the topic in-depth later in the review.

Stay safe and see the legit EU (CySEC regulated) and UK (FCA regulated) Forex brokers we’ve shortlisted for you. We chose these because Europe created a stable financial environment where customer protection is a top priority. Most importantly, there are deposit insurance funds inaugurated to guarantee the clients’ money. If you trade with CySEC brokers, you can claim up to 20 000 EUR in compensation, while the UK’s guarantees are of even up to 85 000 GBP per client. Each EU member state is compelled to operate similar insurance funds, which are seen as the last resort for the traders, in case a Forex broker goes bankrupt. The anonymous and offshore brokers, on the other hand, tend to disappear unexpectedly, leaving the traders with losses almost impossible to recover.


The O-Markets registration is a weird process because they do not allow you to enter the client area upon subscription. Also, they claim to provide MT5 accounts, but it’s a lie. What we downloaded from their website was the generic platform, so we tried to find them through the broker search on the platform, but our efforts were fruitless. O-Markets indeed behaves like e scam broker, and we doubt they have any functional platform whatsoever they can offer to the traders.

There is no information about spreads and leverage anywhere on their site- the two critical elements in trading. The spread is the Buy/Sell difference, which is actually the price traders pay to open a market position. The lower rates make trading more affordable, improve the profit potential, and largely determine whether the broker is good to trade with or not. The industry standard is 1 pip and below, so the best companies offer the lowest spreads possible.

The leverage is a financial tool making retail trading possible, but the increasing levels boost the risks. Precisely the dangers involved made the Australian (from the spring of 2021), and the European regulators force a leverage cap of 1:30 on the market as a precautionary measure. If misused the leverage might cause losses very difficult to recover, very quickly indeed. Canada and the US restricted the leverage to 1:50, so we do not recommend brokers offering higher ratios due to insufficient regulation. There are exceptions, such as the Swiss brokers which are not leverage restricted, but Switzerland found its own way to keep scammers away- a license there cost more than 22 mln US dollars.

Follow the link to see the regulated MetaTrader4 and MetaTrader5 brokers we recommend and avoid O-Markets. MT is the most popular Forex platform globally, which traders prefer for its stability and ease of use. It comes with trading tools and features such as Expert Advisors, Algo Trading and Complex Indicators, to name a few. Metatrader also created a marketplace where you can find more than 10 000 trading apps available at the moment.


The minimum initial deposit with O-Markets is $500, five times higher than the sum regulated brokers ask on average- $100. The funding methods are unknown, but traders should know it’s best to fund accounts via bank cards because it allows to chargeback within 540 days from the deposit date. On the other hand, wires and Bitcoin payments are final and non-refundable, so we do not recommend these methods.

Warning! The O-Markets legal documents are not accessible due to an error unknown to us. It might have been some temporary issue, but it’s still a major red flag we have raise. As a result, we can find no information about critical conditions such as minimum withdrawal requirements, request processing time, withdrawal fees if applicable, inactivity fees, other fees, bonuses etc. Such a flaw inevitably undermines O-Markets credibility even further!

Overall, O-Markets is a Forex broker purportedly headquartered in London, but not having a British license issued by FCA, which is an argument enough to keep your money safe and avoid O-Markets.


A group of scammers usually operates many scam brokers, scam websites and call centres. Sometimes they simply rely on the quantity, by creating as many brokers and websites as possible. Then they would be waiting for traders and investors with little or no experience to bite. Nowadays, it’s cheap to create a fraudulent website, and it looks like a profitable strategy, as the scammers carry on doing it.

Anonymous offshore companies are standing behind many fraudulent brokers. Jurisdictions such as the Marshall Islands, the Commonwealth of Dominica or St. Vincent, and the Grenadines are notoriously famous for not regulating their financial sectors adequately. The three mentioned do not even issue Forex broker licenses. It’s easy for scammers to quickly incorporate companies there and unlawfully sell Forex products and services on regulated markets such as the Europen, American or Australian ones. Lack of regulation equals lack of customer protection and safety, so even if the broker is not ill-intentioned, the traders remain vulnerable. That’s why you should always avoid offshore brokers, no matter the promises they make.


Unfortunately, no one is immune to fraud. In case you got scammed, you need first to protect yourself from further risks. Contact your bank and explain to them your situation, they will give you necessary instructions to follow and will help you, if possible, recover your money.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

It’s crucial not to rush blindly trying to recover your funds because many scam recovery agencies and individuals are stalking, aiming to double scam the victims. They ask for an advanced payment, but do nothing to help you recover your losses and simply pocket the money you’ve sent!

Share online your experience; it’s important to protect others, as well. Be responsible!

Rich Snippet Data
Review Date
Reviewed Broker
Broker Rating

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US5/5$50 Click for a special offerWebsite
USA5/5$250 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *