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Oracle FX -

Score

1.58 /10
Danger

Oracle FX

Australia

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://www.oracle-fx.com

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.53

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Oracle Finace International INC

Company Abbreviation

Oracle FX

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 7
Previous Detection : 2024-11-16
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

Failure to Find Oracle FX’s office in Australia

The investigators, based on the result of the field trip, confirmed that Oracle FX’s real address failed to match with the one in its regulatory information. Besides, the broker is verified to run beyond the business scopes stated in its common financial services license (regulatory number: 548588) issued by Australian Securities and Investment Commission and the common financial services licens

Danger Australia

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Fraud

The agent adds clients by MOMO,etc.By inducing them to add position,he earn their losses.

2018-05-29 02:13
Others

The official website can't be opened

Oracle FX’s official website can't be opened for several days. From the National Day to now, the customer service personnel does not reply me, and the phone can't get through.

2018-10-08 04:23
Resolved

Orrick couldn't withdraw

Account.2025655* I just published an exposure, is also a gold display success but has not been the account, and then can not contact the platform.V, Justin2681,

2018-09-29 18:01
Unable to Withdraw

Can’t withdraw on X.

I can’t withdraw on X. Somebody helps me! I traveled many places for this thing. I heard their boss was captured by Shandong polices. Is it true?

2018-10-24 04:54
Unable to Withdraw

Unable to withdraw in Oracle FX

Liu Changling Account number:2026370 The withdrawal applied on September 6th hasn’t been received yet.

2018-09-26 22:11
Scam

Induced scam by the salesman

The salesman has asked for my friends request for 3 to 5 times, boasting that there was a way for big money. 2. He promised that there would be no problem, while guided me to place the wrong order. 3. After that, he kept shirking. 4. There were high spread and handling fee with the platform.

2020-03-15 19:30
Resolved

Unable to withdraw in Oracle FX

The system showed that the request had been successfully submitted,while the withdrawal hasn’t been received yet.No customer service answers the phone.Justin2681

2018-09-26 22:41
Unable to Withdraw

Money has not been withdraw

Account 2024045, gold success nearly a month, did not receive the money, the black platform you must not do, I have commissioned a lawyer to report

2018-09-26 22:53
Unable to Withdraw

The official website of the platform has been closed

Today, the third day of National Day, I have not opened the official website, feel this year for nothing, 100,000 did not...

2018-10-03 14:47
    Oracle FX · Company summary

    Oracle FX 8781943868

    Since Oracle FXs official website cannot be opened for now, we could only piece together the rough picture of this broker by gathering some relevant information from other websites.

    Basic Information
    Registered Countries Australia
    Regulation No regulation
    Minimum Deposit N/A
    Maximum Leverage N/A
    Minimum Spread N/A
    Trading Platform MT4 trading platform
    Trading Assets N/A
    Customer Support Telephone, Email

    General Information

    Oracle FX is an online forex broker registered in Australia, with the company behind it called Oracle Finance International INC Limited. Since Oracle FXs official website cannot be accessed, we cannot obtain more information.

    Regulation

    Oracle FX is a trading brand owned and operated by Oracle Finance International INC, and it is currently not authorized or regulated by any regulated authority. It used to hold a license authorized by the Financial Services Providers Register (FSPR), but this license was revoked.

    regulation

    WikiFX Site Survey

    WikiFX‘s site survey team paid a visit to Oracle FX’s office address at Level 13, 135 King Street, Sydney NSW 2000. However, disappointingly, Oracle FXs real address failed to match with the one in its regulatory information.

    site-survey

    Negative Reviews

    As per exposure posted on the Oracle FX website, Oracle FX is notorious for stealing traders, refusing their withdrawal requests. Many traders shared their terrible trading experience on WikiFX to tell more investors what kind of broker this Oracle FX is. Come to WikiFX to read the whole story.

    negative-reviews

    Trading Platform

    When it comes to trading platforms available, Oracle FX says that it is using the advanced MT4 trading platform. However, given the fact that this broker is not regulated anyway, investors are strongly recommended not to use this broker.

    Customer Support

    Oracle FX can be reached through email or telephone, and here is the detailed contact information:

    Telephone: 4001890574

    Email: service@oracle-fx.com

    QQ: 405746188

    Risk Warning

    Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

    The information presented in this article is intended solely for reference purposes.

    Pros & Cons

    Pros Cons
    None No regulation
    Inaccessible official website
    Lots of negative reviews
    Poor customer support
    Lacking for essential information

    Frequently Asked Questions

    Is Oracle FX regulated？

    No, Oracle FX is not regulated.

    Who operates Oracle FX？

    Oracle FX is owned and operated by Oracle Finance International INC.

    What trading platform does Oracle FX offer？

    Oracle FX hypes that it provides clients with the industry leading MT4 trading platform.

    User Reviews

    More

    User comment

    2

    Comments

    Write a review

    巫雪莲
    more than one year
    all of Oracle FX's regulation licenses are fake, and its official website also became a gambling website! I hope that these scammers can be brought to justice as soon as possible.
    all of Oracle FX's regulation licenses are fake, and its official website also became a gambling website! I hope that these scammers can be brought to justice as soon as possible.
    Translate to English
    2023-02-20 18:51
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    0
    0
    FX1143082639
    more than one year
    Oracle FX's website has become an advertising website, and I have seen many complaints from victims... I really hope this company can be brought to justice as soon as possible.
    Oracle FX's website has become an advertising website, and I have seen many complaints from victims... I really hope this company can be brought to justice as soon as possible.
    Translate to English
    2022-12-13 10:25
    Reply
    0
    0
    9