ASICAustraliaTier 1Licence number
318232
View licence record- Licence holder
- Held by OFM
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
At a glance
Regulation on record for OFM
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
OFM has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for OFM, strongest authority first.
1 record
- ASICAustraliaTier 1
Protection
What this licence protects
ASIC's own rules for the firms it authorises.
- No compensation schemeNo mandatory insurance (but strict fund segregation)
- Negative balance protection
- Complaints routeAFCA
- Maximum leverage1:28
Frequently Asked Questions
Questions about the licences held by OFM
Answered from the register entries on this page.
Most Popular Questions
Yes, OFM prohibits clients from certain countries including the USA, North Korea, Iran, and other sanctioned countries. These restrictions align with regulatory and compliance requirements.
The minimum deposit amount to open an account with OFM is 50 USD. This requirement applies across the broker's supported funding methods.
OFM supports various funding methods including bank transfers, credit/debit cards, cryptocurrencies, and several e-wallets like Skrill and Google Pay. Deposit processing times range from instant to a few hours or days depending on the method, while withdrawal times vary from 1 to 10 business days with some fees applicable.
OFM provides access to MetaTrader 4 and MetaTrader 5 platforms, both available as desktop and web trader versions. These platforms support advanced charting, automated trading, and multi-asset trading including Forex, stocks, and futures.
OFM is regulated by the Australia Securities & Investment Commission (ASIC), a tier 1 onshore regulator. While there is no mandatory client fund insurance, OFM follows strict fund segregation rules to protect client assets. ASIC regulation ensures a high level of transparency and complaint mechanisms through AFCA.
OFM has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
OFM holds licence records issued by ASIC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by OFM comes from tier-1 or tier-2 authorities (1 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by OFM has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
OFM has licence records in Australia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.