One Global Market (OGM) is one of the most popular brokers to enter the world of forex and CFD trading. Boasting about 32 currency pairs and a variety of trading instruments, One Global Market provides an advanced trading experience through the MetaTrader 4 and Trading Station platforms.
Registered and regulated in the United Kingdom, One Global Market Limited provides a secure trading environment with an array of features such as automated trading, one-click order execution, and advanced charting tools.
Read my One Global Market review to determine whether this trading platform is the right fit for you.
Who is One Global Market?
One Global Market (OGM) is a UK-based CFD and forex broker founded in 2016. OGM began operations in 2017.
The broker is focused on providing its customers with a secure and reliable trading environment, offering them access to multiple markets across the world.
Who owns One Global Market?
The broker is owned by One Global Market Trading Limited and regulated by the United Kingdom’s FCA.
One Global Market Ratings
- Secure trading environment
- Offers MetaTrader 4 and Trading Station platforms
- Access to multiple markets, such as foreign exchange, commodities, and stocks
- No cryptocurrency trading
- Minimum account deposit
- Limited educational resources
Who is an OMG.Market account suitable for?
Due to its deposit requirements, One Global Market seems to cater mainly to a more experienced and professional trader with sizable capital to invest.
Overall, One Global Market is a reliable broker suitable for experienced traders who want access to multiple forex markets and trading instruments.
Accounts and products available in the UK
OGM offers four types of professional and retail accounts to their customers. These are Classic, Gold, Prime, and Elite accounts, all of which come with varying features and services. OGM accounts provide the maximum permitted leverage for amplifying traders’ gains, though that also exposes them to high risk.
OGM Classic account
The Classic account can be funded with a minimum deposit of £500, which is a fairly standard starting amount among competitor platforms. Spread is from 2.9 pips, 1:30 maximum leverage, and a minimum deal size of 0.01 lots. It supports trades in currencies and commodities.
OGM Gold account and Prime account
The Gold and Prime accounts are similar, except that the minimum deposit for both is £10,000 and £50,000, respectively. While the spread for the Gold account is 2.2 pips, that of the Prime account is 1.8 pips.
The Elite account is like a VIP account requiring interested traders to call the company for a minimum deposit amount. The minimum deal size is 0.25 lot, and the account spread is 0.1 pips.
Trading on bonds and stocks is only available on the Prime and Elite account types meaning you would need a minimum account size of £50,000 to access these assets.
OGM also offers a free demo account from where you can practise your trades and get to grips with some of the tools and insights on offer without any risk to your personal funds.
OGM UK’s products
Different asset classes available for trading on One Global Market include tight spreads on foreign exchange, commodities, stocks, and shares.
One Global Market UK offers clients more than 50 currency pairs, including major, minor and exotic pairs, which traders can access 24/5 as standard.
Traders on One Global Market can access a wide range of global indices like the USD_INDEX and the US_TECH100.
The broker provides access to commodities such as oil, gas, coffee, copper, and precious metals like silver and gold.
Fees and charges
When it comes to fees, OGM is quite competitive. From tight spreads and commissions to swaps, the broker imposes very low fees.
Spreads are variable, depending on your asset class and account type. Retail clients can access spreads that start at just 0.1 pips for large portfolios.
Platforms available at One Global Market Limited
Traders on OGM can decide to use WebTrader and mobile apps for both Android and iOS devices to access the markets.
Services & Tools
In terms of services and tools, OGM UK offers its clients a vast range of features like an economic calendar and market news and market analysis.
It also provides access to a range of charting tools and educational material like video tutorials, webinars, analysis, and insights.
Insights is a new feature on OGM designed to help you make informed trading decisions using tools that include live trading signal notifications sent directly to your email and phone, and Financial Web TV.
How to open a trading account with OGM
Opening a standard account with OGM is relatively straightforward. The steps are as follows.
- Head to the broker’s website and click on ‘Open an Account’.
- Fill in a simple registration form and fill in your personal details.
- Upload relevant documents for verification.
- Fund the account and begin to trade.
Deposit and withdrawal process
OGM UK offers its clients various payment methods to deposit and withdraw funds. This includes bank wire transfers, credit and debit cards, Skrill, Neteller, Apple Pay, and other e-payment systems.
Traders can fund their accounts in USD, EUR, GBP, and other currencies. The minimum deposit is £500 but varies among the four trading account types.
Customer support service
OGM provides customer support services in multiple languages like English, French, Arabic, and Chinese.
Traders can contact the customer support team via email, phone or live chat, the details for which are on OGM’s website. The support team is available 24/5 to respond promptly to clients’ concerns.
Customer support rang me immediately after setting up, showing their proactive attitude to support their customers.
OGM’s UK address is as follows.
Office LG104, 23 Austin Friars
London, EC2N 2QP,
Email: [email protected]
Telephone: +44 203 034 6401
OGM.market is quite transparent when it comes to research. It provides its clients with up-to-date market analysis and reports from leading financial institutions and analysts.
The broker offers access to technical analysis tools, indicators, real-time market quotes, and economic calendars.
OGM’s trading platform provides its clients access to various educational materials including video tutorials, webinars, market analysis, and insights.
These resources are suitable for beginner and intermediate traders who want to brush up on their trading skills or gain an insight into how the markets work.
Whilst this is a fairly limited offering, OGM is targeted more towards experienced investors who would already know their way around the markets and have the skills and knowledge to use the tools on offer.
Safety and regulations
The broker is fully regulated and offers a client compensation scheme. It is licensed by the Financial Conduct Authority (FCA), a British financial watchdog. FCA-regulated brokers’ operations are monitored, so clients’ funds are protected.
One Global Market allows traders to use pending orders, such as stop-loss and take-profit orders, to manage their trades more effectively.
When you create your account, you’re offered the opportunity to open a “Real” or “Demo” account. If you wish to change this once the account is open, the platform makes this very easy: there is a “Switch To Real” or “Switch To Demo” button in the bottom-left corner.
It’s not immediately obvious how to close your OGM account, but a quick phone call to customer services was all it took.