OMF Journal
| Journal status: live OMF joined in | not yet |
OMF Profile
Website
Year
1987
Country
New Zealand
Branches
1
Regulation
FMA New Zealand
Registration
NZX
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
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
...
Deposit & Fees
Deposit methods
Bank Wire, Check
Base currency
USD, NZD, AUD
Segregated accounts
yes
Interest on margin
yes
Inactivity fee
after ... months
| Update broker |
- 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.
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.
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
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