OMF Journal

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OMF Profile
Year
1987
Country
New Zealand
Branches
1
Regulation
FMA New Zealand
Registration
NZX
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
20
LPs quality
Tier-1 Banks
LPs names
...

OMF Accounts
STP
Minimum Deposit
10000 nz$
Leverage
30 : 1
Minimum Lot
0.1 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
30 lots
Margin Call
100 %
Stop Out
100 %
Execution
Market
Spread
floating
Scalping
...
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Is OMF safe?

  • Investor protection: no
  • Regulation: FMA New Zealand
  • Registration: NZX
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is OMF trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • OMF website: semi-detailed, updated ★★★
  • OMF popularity (by visitor count): low visits ★★

How OMF works

Where do price quotes come from? OMF uses liquidity via a prime of prime banking facility which includes liquidity from 10 to 20 international banks.

https://www.omf.co.nz/our-products/ctrader/demo-faqs

3.6 Execution of Orders: You agree and hereby give standing instructions that we may put any Trades entered into on your behalf to market at our discretion by: a. accumulating or bundling client Trades coming to market; b. delaying execution of client Trades; c. delaying Trades to satisfy Crossings (as defined in the NZX Participant Rules), and you may override the above standing instructions at the time a Trade is entered into.

https://www.omf.co.nz/docs/default-source/application-forms/omf-general-terms-and-conditions.pdf

OMF will, from time to time act as principal in foreign exchange dealing. OMF may have additional trading arrangements or appoint agents for the clearing and settlement of securities and derivative contracts

https://www.omf.co.nz/docs/default-source/general/disclosure-statement.pdf?sfvrsn=d594bda_2

OMF is the counterparty to each client position, so you are entering into a derivative contract with OMF either by trading via telephone to OMF’s dealing desk or direct to market by using OMF’s cTrader platform.

https://www.omf.co.nz/docs/default-source/application-forms/pds-margin-foreign-exchange.pdf

Comments

OMF support

No dealing desk intervention Transparent liquidity, level II pricing and low trade latency. All currency cross
rates are asynchronous and streamed directly from a number of interbank liquidity
providers (STP- Straight Through Processing).

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