As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, you can check our full OWM review.
BrokersView reminds you
OWM claims to be operated by Oriental Wealth Markets Limited, an authorized broker under the regulation of the Vanuatu Financial Services Commission (VFSC).
Regarding VFSC, please be informed that VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. So VFSC-regulated brokers are not under as strong regulation as UK FCA-, ASIC-, and NFA-regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of OWM.
All in all, it is of certain risk to trade with OWM, and we would recommend to choose strongly regulated brokers.
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