Sort by content
- Sort by content
- Sort by time
Write a review
It was a fraud platform and its users totaled 5 investors.
I am wan chao, trading account of the platform 72582. Tang zhao, the agent of the platform, induced me to open an account for trading on the platform, and manipulated my account with malicious orders, resulting in a loss of 300,000 yuan
Not long after clients' deposit,the sales manager started abusing them.This kind of low quality manage deserves no clients.Begin to scold as long as the clients don't deposit.
I deposited $3000 and gained $13000. On September 20, it noted that my orders were unavailable. On September 21, my account was blocked. Beware.
The platform gave no access to my $300 profit and even banned my account.
The platform didn’t return the commission, blaming clients’ losses on their capacity and said that the commission by arbitrage couldn’t be returned.Supporting to trade,they think it is unpractical now,making you suffer losses deliberately.
I opened an account in August and deposited a lot. In 46 trading days, I gained $6000 but they rejected my withdrawal for many reasons. Here were the pictures of my transactions.
Beguile green hands into opening accounts on a fraud platform with bonus. My friend deposited and profited but can’t withdraw funds. Pay attention to these frauds.
Keep adding positions. Wipe out positions immediately after depositing funds
The platform found every excuse to give no access to the withdrawal of profit, even withholding the fund. It asked me to submit varied material, which I printed outside immediately. Then it asked me to sign on it and take photo. I have called the police. Garbage platform!!
I received the information of OWM which supports EA and immediate order placing and scalping.I deposited $3000 for trading and made a profit for $400.The amount of money was too small to be a case.Please select the platform carefully.
As long as you make money, you won’t be allowed to withdraw. I will make money normally and say that you violate the rules. The garbage platform is cheating customers
I couldn’t get the validation code and withdraw fund because of the system error.
I’ve been investing in OWM for a week and lost a lot. I did all my trade manually, but they refused to pay my commission. Later after communication, they compensated my lost principal. I want to ask, does OWM trade B market? They gave me no commission or explanation. Keep away from this kind of platform! Although the commission is not much, just a couple hundred dollars, but it is still my money. Hope you people be wise and stay away from them.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|OWM Review Summary in 10 Points|
|Market Instruments||Forex, Commodities, CFDs on Futures, Shares CFDs, and Cryptocurrency CFDs|
|EUR/ USD Spreads||0.1 pips (ECN account)0.45 pips (Standard account)|
|Trading Platforms||MT4 platform|
|Minimum Deposit||$3,000 (ECN account)$100 (Standard account)|
|Customer Support||Phone, email|
Oriental Wealth Markets Limited (OWM/ OWMFX) was established in 2017. The company is headquartered in Port Vila, the capital of Vanuatu, and also has offices in Hong Kong, Jakarta, and Kuala Lumpur. In addition, OWM is an OTC derivatives issuer that trades on a principal-to-principal basis. Its issuances are also not traded through a stock exchange. It offers investors upwards of 100 foreign exchange and other financial derivatives, including foreign exchange, spot and futures, stock indices, and stocks. It provides investors with an MT4 trading software platform, to achieve one-stop trading, and support for ECN trading. However, OWM currently have no valid regulation.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
There are many alternative brokers to OWM depending on the specific needs and preferences of the trader. Some popular options include:
XM - A flexible trading platform with low spreads and a range of trading instruments.
Markets.com - A well-regulated online trading platform offering a comprehensive suite of trading tools, educational resources, and excellent customer support.
TD Direct Investing – A well-established and trusted broker in Canada offering a range of investment products and in-depth research.
Based on the information about OWM currently having no valid regulation and reports of being unable to withdraw and scams, it is difficult to determine if OWM is safe or a scam. These issues are significant red flags, and it is essential to exercise caution when dealing with this broker or any broker with similar issues.
When selecting a broker, it is crucial to research and consider factors such as regulation, customer feedback, and security measures to ensure that your investments and financial information are safe. It is advisable to work with regulated brokers by recognized regulatory bodies because these organizations serve as oversight and protect investors' rights and interests.
OWM offers investors a range of financial instruments, including Forex, Commodities, CFDs on Futures, Shares CFDs, and Cryptocurrency CFDs.
Forex is one of the most traded markets in the world, and OWM provides its clients with a wide range of currency pairs, including both major and minor pairs, such as EUR/USD, GBP/USD, and USD/JPY, as well as exotic pairs, such as USD/TRY and USD/ZAR. Clients benefit from OWMs deep liquidity pool, tight spreads, and advanced trading software, making it an ideal option for both novice and experienced traders.
Commodities are another popular market offered by OWM. It offers access to commodities like gold, silver, crude oil, natural gas, and many more, which can be traded on the MT4 platform.
CFDs on Futures is another instrument offered by OWM, which provides clients with the opportunity to trade contracts for future delivery of certain underlying assets like oil, gold, silver, and other commodities. Clients can access a broad range of futures markets, all on a single platform. This means that traders can capitalize on opportunities in the futures markets without owning the underlying asset.
Shares CFDs is another area where OWM excels, providing clients with access to a diverse range of instruments like Stocks, ETFs, and Indices. OWMs share CFDs offering goes beyond just the most popular shares to cover a variety of sectors such as technology, healthcare, and energy.
Lastly, OWMs cryptocurrency CFDs give its clients exposure to the rapidly-growing crypto markets, which can offer high potential returns, although, as always, there are risks associated with this market. Traders can access Bitcoin CFDs along with other popular cryptocurrencies like Ethereum, Dash, and Litecoin, among others.
Overall, OWMs diverse range of financial instruments provides its clients with a variety of trading opportunities on a single platform, making it easy for them to capitalize on market fluctuations, regardless of the asset class they prefer to trade.
OWM offers two types of trading accounts, Standard Account and ECN Account, with the minimum deposit requirement of $1000 and $100 respectively. The Standard account is a good choice for both novice and experienced traders who want to start with a smaller account size. ECN accounts are designed for more experienced traders who require direct market access, faster execution, and the best possible pricing. Whats more, trades entered into an ECN account are executed on a decentralized platform, which effectively removes the need for a central market maker.
OWM provides its clients with the maximum leverage of 1:200 for both Standard and ECN Account types. Leverage, in trading terms, refers to the ability to control larger positions in the market with smaller amounts of capital. With leverage, traders can potentially increase their profits, but it can also increase the risk of loss.
OWM offers 1:200 leverage, which means that clients can control a position worth up to 200 times their account balance. For example, if a client has an account balance of 1,000 USD, they can control a trading position worth up to 200,000 USD. This can offer the potential for significant profit, but, on the flip side, it can also lead to substantial losses.
It's important to note that while leverage can increase potential profits, it also exposes traders to greater risk and requires discipline and a sound trading strategy.
OWM offers competitive spreads on its range of financial instruments, which varies by account type. The Standard account holders can benefit from spreads as low as 0.45 pips, while ECN account holders can enjoy spreads as low as 0.1 pips. However, it's important to note that spreads can vary based on market conditions, account size, and other factors.
OWM offers commission-free trading on its standard account, meaning that clients do not pay any additional charges. Instead, the cost is built into the spread, which means that traders pay a slightly higher spread amount. This pricing model is ideal for traders who want to eliminate the cost of commissions while trading a range of financial instruments.
For ECN account holders, OWM charges a commission based on the trading volume and the instrument traded. The commission charged by OWM is transparent and varies based on the financial asset being traded. ECN account holders benefit from some of the lowest spreads in the industry, but they are also required to pay commissions.
Below is a comparison table about spreads and commissions charged by different brokers:
|XM||0.1 pips||$3.5 per lot|
|TD Direct Investing||0.9 pips||None|
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
OWM offers the popular and widely-used MT4 trading platform to its clients. MT4 is a powerful platform for trading in the Forex market, providing traders with advanced charting tools, customizable indicators, and real-time data analysis capabilities. The platform is known for its user-friendly interface and intuitive design, making it easy for traders of all levels to navigate and use.
See the trading platform comparison table below:
|TD Direct Investing||WebBroker, TD app, thinkorswim|
The User is bound by any of the agreements signed, and in turn agrees and accepts to the online payment methods offered by OWM Brokers. Deposits and Withdrawals of Funds are executed as per the agreements entered into by the User and OWM Brokers. Withdrawals of funds are affected only upon the reception and approval of such requests by the entity and in accordance with the time frame, if any, of the payment providers.
On our website, you can see that reports of unable to withdraw, scams and severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
OWM offers customer service via phone and email, and its team of dedicated agents is available 24/5 to address clients' concerns and provide assistance as needed.
Clients can contact OWM's customer service team via phone at +6281251090205, which is a local Indonesian number. The team of agents is fluent in several languages, including English, Bahasa Indonesia, and Chinese, making it easy to assist clients across the globe. Clients can also reach the customer service team via email at firstname.lastname@example.org, and the team endeavors to respond to all inquiries within 24 hours.
Note: These pros and cons are subjective and may vary depending on the individual's experience with OWM's customer service.
OWM provides its clients with educational resources to help enhance their trading knowledge and skills. These resources are designed to cater to traders at all levels, from beginner to advanced and cover a diverse range of trading-related topics.
One of the primary resources offered by OWM is the terminology and guide on their website. This guide comprehensively explains the financial and trading jargon that traders may come across while trading. It covers fundamental concepts, trading terms, and technical analysis tools, which could benefit traders who are new to the industry.
Moreover, OWM offers a variety of trading articles that cover various trading instruments, strategies, and market analysis. The guides provide easy-to-understand explanations of trading-related topics and are an excellent starting point for traders looking to learn more about a particular instrument or strategy. The articles cover a wide range of topics, from fundamental and technical analysis to geopolitical events that may influence the markets.
Additionally, OWM provides clients with access to webinars and seminars by experts in the trading industry. The webinars and seminars cover a range of topics, such as market analysis, trading psychology, and risk management. These resources are designed to be interactive, and traders can engage with the experts and ask questions to gain a deeper understanding of the topics being covered.
In conclusion, OWM offers comprehensive educational resources to help clients enhance their trading knowledge and skills. The resources include a terminology guide, trading guides, articles, webinars, and seminars. These resources cater to traders at all levels and cover a diverse range of trading-related topics.
In conclusion, OWM is a trading platform that provides access to a range of trading instruments and tools, including forex, commodities, CFDs, shares CFDs, and crypto CFDs. It also provides its clients with educational resources to help enhance their trading knowledge and skills. For customer service, OWN offers services via phone and email, and its team of dedicated agents is available 24/5 to address clients' concerns and provide assistance as needed.
However, there are concerns about the legitimacy of OWM, as it has no valid regulation, and there are reports of being unable to withdraw and scams. Therefore, it is important for traders to do their own research and carefully consider their options before investing.
|Q 1:||Is OWM regulated？|
|A 1:||No. It has been verified that this broker currently has no valid regulation.|
|Q 2:||At OWM, are there any regional restrictions for traders？|
|A 2:||Yes. It does not offer services to citizens/residents of the United States, Hong Kong (China), Japan and the Islamic Republic of Iran.|
|Q 3:||Does OWM offer demo accounts？|
|Q 4:||Does OWM offer the industry leading MT4 & MT5？|
|A 4:||Yes. It offers MT4.|
|Q 5:||What is the minimum deposit for OWM？|
|A 5:||The minimum initial deposit to open an account is $3,000 for ECN account and $100 for Standard account.|
|Q 6:||Is OWM a good broker for beginners？|
|A 6:||No. It is not a good choice for beginners because of its unregulated condition.|
Sort by content
Write a review