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Score
Hong Kong
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
Australia Appointed Representative(AR) Revoked
High potential risk
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index6.40
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
Note: Oks Markets' official website:https://www.oksma.com/ is currently inaccessible normally.
Oks Markets Review Summary | |
Founded | 2021 |
Region/Country | Hong Kong |
Regulation | No regulation |
Market Instruments | Cryptocurrencies, Futures, Precious Metals, Forex/Currencies |
Demo Account | Available |
Leverage | Up to 1:400 |
Spread | Vary |
Trading Platform | MT5 |
Minimum Deposit | $10,000 |
Customer Support | Email: service@oksma.com |
Oks Markets Limited is a Hong Kong-based brokerage firm founded in 2021 and offering trading services across various asset classes such as cryptocurrencies, futures, precious metals, and forex/currencies. However, significant concerns have emerged regarding its operations, which include the absence of regulatory oversight, an inaccessible website, and limited customer service channels.
Pros | Cons |
Diverse Trading Options | Regulatory Concerns |
Advanced Trading Platform | Website Accessibility Issues |
Demo Account | Customer Service Limitations |
Withdrawal Issues |
When considering the safety of a brokerage like Oks Markets or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
In the end, choosing whether or not to engage in trading with Oks Markets is an individual decision. We advise you carefully balance the risks and returns before committing to any actual trading activities.
Oks Markets stands out with a robust offering of market instruments, boasting a comprehensive selection of over 300 options. This includes cryptocurrencies, futures, precious metals, and forex/currencies.
Oks Markets offers two main account types:
Leverage is a key feature at Oks Markets, offering up to 1:400, which allows traders to amplify their market positions significantly relative to their deposited capital. While leverage enhances profit potential, it also increases exposure to market risks. Thus traders should implement robust risk management strategies to mitigate potential losses, especially in volatile market conditions where leverage effects can be pronounced.
In terms of trading costs, Oks Markets employs a model of variable spreads. These spreads can fluctuate based on market conditions, providing traders with flexibility in managing their trading costs. However, specific details regarding commissions are not publicly disclosed, necessitating direct inquiry with the broker or review of account statements for transparency on overall trading expenses.
Oks Markets provides traders with the powerful MetaTrader 5 (MT5) platform, celebrated for its advanced trading capabilities and comprehensive charting tools. MT5's versatility extends across multiple devices, ensuring functionality on Windows, iOS, and Android. This platform supports both manual trading, where traders execute orders based on their analysis and market insights, and automated trading through expert advisors (EAs) that execute trades based on pre-set parameters and algorithms.
Traders benefit from MT5's extensive range of technical indicators, analytical tools, and customizable charts, facilitating detailed market analysis and informed decision-making. With its robust back-testing capabilities, MT5 allows traders to evaluate trading strategies using historical data, optimizing performance and risk management.
For deposit and withdrawal processes, Oks Markets facilitates transactions primarily through bank transfers. While this method ensures secure financial transactions, processing times typically range from 1 to 5 working days, which vary based on banking procedures and geographical location. However, the methods can be quite limited, especially for those prefer faster access to funds like e-wallets for expedited processing.
On WikiFX, a report highlighting withdrawal issues with Oks Markets serves as a cautionary signal to traders. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
In conclusion, Oks Markets offers a range of online trading services across cryptocurrencies, futures, precious metals, and forex/currencies. However, significant concerns arise due to the broker's lack of regulatory oversight, ongoing issues with website accessibility, and a report of withdrawal issue on platforms like WikiFX.
Therefore, we strongly advise against using Oks Markets for trading activities. Instead, we recommend exploring alternative platforms that prioritize transparency, regulatory compliance, and robust customer support.
No. The broker is currently under no valid regulation.
No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website, intransparent trading conditions and limited available customer support channels (via email only).
Yes, it offers MT5 platform on Windows, iOS and Android.
$10,000.
Yes.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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