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Oliver -

Score

1.28 /10
Danger

Oliver

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.oliverfx.com

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Regulatory Index0.00

Business Index5.26

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Oliver · Company summary

Note: Oliverfx's official website: https://www.oliverfx.com is currently inaccessible normally.

OliverfxReview Summary
Founded2024
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsCryptocurrencies, Forex, Oil, Metals, Indexes
Demo Account/
LeverageUp to 1:500
SpreadFrom 0.9 points (Standard Commission-free account)
From 0.0 points (Original Spread account)
Trading PlatformHT5 for iOS, HT5 for Android, HT5 PC
Min Deposit/
Customer SupportEmail: service@oliverfx.com

Oliverfx is an unregulated broker based in the United Kingdom. Oliverfx offers various market instruments, including Cryptocurrency, Forex, Oil, Metal and Index.

Oliverfx

Pros and Cons

ProsCons
Various market instrumentsNot regulated
Unavailable website
No MT4/5
No info on minimum deposit
Only email support

Is Oliverfx Legit?

Oliverfx is not regulated. The broker's license status is abnormal and it doesn't hold a valid regulation from the United States National Futures Association (NFA).

What Can I Trade on Oliverfx?

Oliverfx offers 5 trading options, including Cryptocurrency, Forex, Oil, Metal and Index.

Tradable Instruments Supported
Currency pairs❌
Commodities❌
CFDs❌
Forex✔
Cryptocurrencies✔
Oil✔
Metals✔
Indexes✔
ETFs❌
Bonds❌
Mutual Funds❌

Account Type

Oliverfx offers customers two account types: the Original Spread account and the Commission-free Standard account. However, no specific details regarding the features or benefits of these account types are provided.

Leverage

Oliverfx provides leverage options based on the equity of the trader's account.

EquitiesLeverage
up to USD 5,0001:500
between USD 5,001 and USD 10,0001:200
between USD 10,001 and USD 20,0001:100
between USD 20,001 and USD 50,0001:50
above USD 50,0001:20

Spreads

Oliverfx offers varied spreads on different currency pairs and financial instruments. For common currency pairs like EUR/USD, the Standard Commission-free account offers spreads as low as 0.9 points, while the Original Spread account offers spreads as low as 0.0 points.

Spreads

Trading Platform

Oliverfx claims it offers HT5 for iOS, HT5 for Android and HT5 PC for their traders.

Deposit and Withdrawal

Oliverfx doesn't provide any information about deposit and withdrawal methods, fees, and processing time.

User Reviews

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Comments

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Logan Baker
more than one year
I placed a buy order, but my order was not executed for several seconds. By the time my order was executed, the price of the currency pair had moved against me, and I lost a significant amount of money. Another time, I was trying to close a trade, but my order was not executed for several seconds. By the time my order was executed, the price of the currency pair had moved against me, and I lost more money. I have contacted Oliver customer support on several occasions about their delayed order execution, but they have not been able to resolve the issue.
I placed a buy order, but my order was not executed for several seconds. By the time my order was executed, the price of the currency pair had moved against me, and I lost a significant amount of money. Another time, I was trying to close a trade, but my order was not executed for several seconds. By the time my order was executed, the price of the currency pair had moved against me, and I lost more money. I have contacted Oliver customer support on several occasions about their delayed order execution, but they have not been able to resolve the issue.
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2023-10-12 12:30
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nN
more than one year
The dreaded slippage. Oliverseems to love it. Slippage happened so often it was like a surprise party you didn't want to attend. Every trade felt like a game of chance. Would I get the price I wanted, or would it be miles away? Frustrating, to say the least. QRSFX's spreads were ridiculously wide. It's like they wanted to vacuum up every cent I earned. These spreads didn't just nibble into my profits.
The dreaded slippage. Oliverseems to love it. Slippage happened so often it was like a surprise party you didn't want to attend. Every trade felt like a game of chance. Would I get the price I wanted, or would it be miles away? Frustrating, to say the least. QRSFX's spreads were ridiculously wide. It's like they wanted to vacuum up every cent I earned. These spreads didn't just nibble into my profits.
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2023-10-11 11:59
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