Many friends who are new to the foreign exchange market have feedback that it's challenging to find a reliable platform; most report profits but encounter difficulties withdrawing funds, with some being defrauded by shady platforms that abscond with their money, making their journey in forex investment a rocky one. FxGecko's top 100 forex platforms can serve as a reference for selection; however, if a platform doesn't rank within the top 100, special attention should be paid to its primary and white-label relationships and risk warnings.

Today, an investor asked our team about the OFM platform, wondering whether OFM's regulation is secure and if their funds would be safeguarded.

According to FxGecko's inquiry, this platform named OFM was established in 2006, ranks 235th globally, and has a safety score of 70 points. The platform claims to hold regulatory licenses from four countries, with 68 risk alerts identified through a scan.

The regulatory situation of OFM can be summarized as follows:

1. The inquiry revealed that there have been complaints against OFM, such as unfair pricing, increased overnight interest rates, and forcing the liquidation of clients' accounts, which raises questions about its trading environment and service quality.

2. It is emphasized that selecting a secure forex trading platform is crucial, necessitating considerations of regulation, deposit and withdrawal processes, system stability, and fund security. However, no direct evaluation of OFM's performance in these areas was provided.

3. OFM was acquired by AxiCorp, requiring regulatory approval, but the final outcome of this approval process was not disclosed.

4. OFM issued statements denying certain false rumors; however, the impartiality of these statements could not be verified.

In summary, the search results did not offer a clear conclusion regarding OFM's regulatory status, presenting both positive and negative information. Investors considering this platform should further investigate its regulatory certifications, actual operations, and other specifics to assess its safety.

FxGecko's Comprehensive Review: Currently, OFM's official website is operational, but complaints stem from issues like incorrect contract quotations or delayed deposits affecting the trading environment, which warrant attention. There is a prevalence of negative information, with overall mediocre comments from various sources. The platform offers a wide range of trading products, but complaint handling is reported to be slow.

The financial market is a mix of good and bad, all carrying investment risks. It's imperative to thoroughly investigate platforms before investing to avoid scams. For prevention, start with FxGecko.