OliveFX

WikiFX | 2024-11-12 14:15

Abstract：OliveFX is a multi-asset broker registered in Australia, offering trading on Forex and CFDs on Metals, Indices, Crude, and Natural Gas with leverage up to 1:500 and spread from 0.8 pips via the MT4 platform. However, it currently has no valid regulations. The ASIC license is a suspicious clone.

Note: OliveFX's official website: https://www.olivefx.com is currently inaccessible normal.

OliveFXReview Summary
Founded	/
Registered Country/Region	Australia
Regulation	ASIC (Suspicious Clone)
Market Instruments	Forex, CFDs on Metals, Indices, Crude, Natural Gas
Demo Account	❌
Leverage	Up to 1:500
Spread	0.8 pips
Trading Platform	MT4
Min Deposit	/
Customer Support	Email: support@olivefx.com
Customer Support	Company Address: C/- ROSEN PARTNERS, 89 Bronte Road, BONDI JUNCTION NSW 2022

OliveFX is a multi-asset broker registered in Australia, offering trading on Forex and CFDs on Metals, Indices, Crude, and Natural Gas with leverage up to 1:500 and spread from 0.8 pips via the MT4 platform. However, it currently has no valid regulations. The ASIC license is a suspicious clone.

Pros & Cons

Pros	Cons
Various tradable asset classes	Suspicious clone ASIC license
MT4 supported	Unfunctional website
	No demo accounts
	No info on minimum deposit
	Limited contact channels

Is OliveFX Legit?

No. Since OliveFX's license is suspected to be a fake clone, it lacks valid regulation. Engaging with this platform will potentially put you in danger.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Regulatory Status
	Australia Securities & Investment Commission (ASIC)	Olive Financial Markets Pty Ltd	Market Making (MM)	390906	Suspicious Clone

What Can I Trade on OliveFX?

OliverFX claims to offer forex as trading instruments, including over 70 forex pairs, many of which are minor or exotic, like USDZAR, USDTRY, USDSGD, USDSEK, USDRUB, USDRON, USDPLN, USDNOK, USDMXN, USDILS, USDHUF, USDHKD, USDDKK, USDCNH, and USDCZK.

Additionally, there is a selection of CFDs on spot silver, spot gold, Brent Crude, WTI Crude, natural gas, and 12 indices.

Trading Asset	Available
forex	✔
CFDs	✔
metals	✔
crude	✔
natural gas	✔
indices	✔
stocks	❌
cryptocurrencies	❌

Account Types

Oliver offers a Standard and Islamic accounts. However, no specific info on account features.

Leverage

OliverFX offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Mobile, Web	Beginners
MT5	❌	Desktop, Mobile, Web	Experienced traders