Note: OliveFX's official website: https://www.olivefx.com is currently inaccessible normal.
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
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.
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.
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
Deposit and Withdrawal
On OliveFX, you can deposit and withdraw funds using a bank wire transfer or Paypal.
