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FXOAK -

Score

1.57 /10
Danger

FXOAK

New Zealand

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.fxoak.com

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index7.43

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

Single Core

1G

40G

open now

Broker Information

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Company Name

FXOAK

Company Abbreviation

FXOAK

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
FXOAK · Company summary
FXOAK Review Summary in 6 Points
Company nameFXOAK
Registered country/regionNew Zealand
RegulationUnregulated
Trading PlatformsMT4,Mobile Trading,cTrade,Web Trading
Market Instrumentsfinancial derivatives,Cryptocurrencies,Forex,CDFs,Commodities, Stocks, Indices
Customer SupportQQ:800816639
Consulting Agent:ib@fxoak.com
Live chat
Email:cs@fxoak.com

FXOAK Information

FXOAK is a New Zealand-based foreign exchange trading brokerage company. FXOAK provides access to the MetaTrader 4 (MT4) trading platform and offers a wide range of tradable assets, including financial derivatives, cryptocurrencies, forex, CFDs, commodities, stocks, indices, etc.

FXOAK Information

Pros And Cons

ProsCons
No handling feeNot regulated
Instant payment
Low deposit

Is FXOAK Legit?

You need to note that according to wikifxs investigation, FXOAK is currently not regulated by any recognized financial authorities.

Is FXOAK Legit?

What Can I Trade on FXOAK?

After opening an account with FXOAK, you can trade several products including financial derivatives, Cryptocurrencies, Forex, CDFs, Commodities, Stocks, Indices, etc.

Tradable Instruments Supported
Financial derivatives✔
Cryptocurrencies✔
Forex✔
CFDs✔
Commodities✔
Stocks✔
Indices✔

Account Type

  • About Real Account:

FXOAK provides two account types: Ordinary account and VIP account.

Ordinary account: The maximum investment amount for ordinary accounts is $8,000. You can place continuous orders.

VIP account: Becoming a VIP customer requires a one-time deposit of more than $10,000. You can get up to 20% bonus and there is no time limit on the bonus. The maximum investment amount for VIP accounts is $12,000. You can place continuous orders.

Account Type

FXOAK Fees

Traders can make unlimited deposits and withdrawals. Deposits and withdrawals will involve some bank fees, but these fees are borne by the trader and all entry fees are refunded to the trader. FXOAK generates commissions based on customers trading volumes, not fees charged for customer deposits and withdrawals, so the broker does not charge any fees.

Trading Platform

Trading PlatformSupportedAvailable Devices Suitable for
MT4✔PC,MACAnyone
cTrader✔PC,MACAnyone
FXOAK APP✔Mobile phone usersAnyone
Plug-in✔PC,MACAnyone

Deposit and Withdrawal

FXOAK offers a variety of deposit and withdrawal methods to meet customer needs. Here is a summary of the available methods, associated fees and minimum transaction amounts:

Deposit and Withdrawal
Deposit and Withdrawal

Deposit Options

Deposit Options Min. DepositFees Processing Time
Debit card$20No mentionInstant
WeChat Payment$20No mentionInstant
Wire transfer$20$25 service chargeInstant
Carte Bleue$20No mentionInstant
WebMoney$20No mentionInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Debit card$20No mention1 working day
WeChat Payment$20No mention1 working day
Wire transfer$20$25 service charge5-7 working days
Carte Bleue$20No mention1 working day
WebMoney$20No mention1 working day

User Reviews

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User comment

2

Comments

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bnm
more than one year
As a user, my experience with FXOAK has been somewhat average. One major drawback is the absence of a mobile application. In this fast-paced world, not having a dedicated mobile app is a significant inconvenience. It becomes cumbersome to perform various tasks without having to rely on the website, which, by the way, could use a much-needed update.
As a user, my experience with FXOAK has been somewhat average. One major drawback is the absence of a mobile application. In this fast-paced world, not having a dedicated mobile app is a significant inconvenience. It becomes cumbersome to perform various tasks without having to rely on the website, which, by the way, could use a much-needed update.
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2024-01-29 11:33
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Ah Kai
more than one year
Caution everyone about FXOAK trading platform! There's a lot of online advertising, but don't be quick to trust. Currently, customer service is unresponsive, and they're withholding my initial investment. Be careful before getting involved.
Caution everyone about FXOAK trading platform! There's a lot of online advertising, but don't be quick to trust. Currently, customer service is unresponsive, and they're withholding my initial investment. Be careful before getting involved.
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2023-12-22 11:43
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