|Journal status: |
- Full listing profile: OMF broker profile
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.
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.
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
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.