logo
English

Home

Forex Broker

Best brokers

Broker reviews

Education

Broker info

Broker Ranking

Country Ranking

Service

Search

Okwis foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://okwisfx.com/en, about the company's legal and temporary regulatory information, the company's address 150 Shellbridge Way, Richmond, BC, Canada V6X2W8.

Okwis Forex Broker

No Regulation
Okwis

Rating Index

This rating is sourced from logo

Company profile

Note: Okwis' official site - https://okwisfx.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Okwis Review Summary Company Name Okwis Global LTD Founded Year 2010 Registered Country/Region New Zealand Regulation NFA (Unauthorized) and FSPR (Suspicious Clone) Market Instruments Forex, Precious Metals Demo Account N/A Leverage 1:300 Spread from 0.1 pips Commission N/A Trading Platform MT5 Minimum Deposit N/A Customer Support Tel: +1 2135643477; Email: okwisfx@gmail.com; WhatsApp; Line What is Okwis？ Okwis is a trading company that is registered under the name Okwis Global LTD. It was founded in 2010 and is based in New Zealand. However, its regulatory status raises some concerns. While it claims to be regulated by the NFA and FSPR, it is unauthorized by the NFA and is suspiciously considered as a clone by the FSPR, suggesting that it may not be fully legitimate. Pros and Cons Pros Cons Low Spreads Dead Website MT5 Supported Abnormal Regulation Limited Market Instruments Offered Limited Info can be Found Pros: Low Spreads: Okwis offers ultra-low spreads, which can make trading more cost-effective. MT5 Supported: The platform supports MetaTrader 5, a popular and versatile trading platform with various useful features for traders. Cons: Dead Website: Okwis' website is non-functional. This makes it difficult for traders to access information and trading services. Abnormal Regulation: Okwis claims to be regulated by NFA and FSPR, but it is not authorized by NFA and is considered a suspicious clone by FSPR. This raises significant credibility and safety concerns. Limited Market Instruments Offered: Okwis only supports forex and precious metal trading. It does not offer other financial instruments such as commodities, stocks, indices, or cryptocurrencies, which might limit trading opportunities. Limited Information: There's insufficient information available about the platform, making it challenging for traders to fully understand the services, fees, and other critical aspects. Is Okwis Safe or Scam？ Regulatory Sight: Okwis was previously regulated by the Financial Service Providers Register (FSPR) with a Financial Service Corporate License in New Zealand, and the License No. is 591349. However, as of now, the current status of the license is listed as 'Suspicious Clone', indicating potential red flags regarding its legitimacy. Okwis is listed under the NFA with a Common Financial Service License, the License No. being 0542746. But the current status is 'Unauthorized', suggesting that Okwis is not currently authorized or recognized by the NFA for its operations. User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums. Security Measures: So far we haven't found any information about the security measures for this broker. Market Instruments Okwis offers a somewhat limited selection of trading assets compared to some other trading platforms. It primarily supports Forex trading along with trading in precious metals. Unfortunately, it does not provide other financial instruments such as commodities, stocks, indices, and cryptocurrencies, which might limit trading opportunities for some traders. Leverage Okwis offers a maximum trading leverage of up to 1:300. While this can provide opportunities for increased profits, it also amplifies potential losses. Therefore, this high level of leverage may not be advisable for inexperienced traders who may not fully understand the risks involved. It's important to use leverage cautiously and appropriately to manage risks effectively. Spreads & Commissions Okwis markets itself as providing ultra-low spreads, with an advertised rate as low as 0.1 pips. However, it does not provide specific details on spreads pertaining to individual instruments. In addition to this, there is no available information on any commissions charged. Therefore, traders must be cautious and inquire further about any undisclosed fees that may be incurred during trading activities. Trading Platform Okwis utilizes the MetaTrader 5 (MT5) platform to provide its traders with a compelling trading environment. The MT5 interface is user-friendly and highly customizable, designed to enhance the overall trading performance of its users. It hosts a variety of features including a straightforward user interface, a wide selection of charts and indicators, and the MQL language that lets users program indicators and Expert Advisors (EAs). These EAs, with their automated trading strategies, can actively trade in the forex market 24/5 without requiring any user intervention. Customer Support Okwis offers multiple channels for customer support. Customers can reach out via telephone at +1 2135643477 or email at okwisfx@gmail.com. They also indicate availability for contact through WhatsApp and Line, however, specific numbers or usernames for these platforms cannot be found. Conclusion Okwis is a New Zealand-based trading company, offering a MetaTrader 5 platform for forex and metal trading. Its legitimacy raises concerns due to regulatory issues and limited available information. Users should be cautious due to undisclosed spreads and commissions. Frequently Asked Questions (FAQs) Q: Is Okwis regulated？ A: Okwis claims to be regulated by the NFA and FSPR, but it is unauthorized by the NFA and considered a suspicious clone by the FSPR.c Q: What trading platform does Okwis use？ A: Okwis uses the MetaTrader 5 platform, enabling users to program indicators and automated trading strategies. Q: What market instruments does Okwis support？ A: Okwis supports forex and precious metal trading. It does not offer commodities, stocks, indices, or cryptocurrencies. Q: Is a demo account available on Okwis？ A: There is no information about Okwis' demo account that can be found. Q: Is Okwis a good choice for beginners？ A: No, it isn't. Due to the dead website and scarce information, along with abnormal regulations, which are not newer-friendly, we do not recommend beginner users to trade on this broker. Risk Warning 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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Okwis broker review
Is Okwis safe or scam
How to login to Okwis?

Okwis Similar Brokers

Latest Reviews

Basic Information

Registered Region
New Zealand
Operating Period
--
Company Name
Okwis Global LTD
Abbreviation
Okwis
Company employee
--
Contact Number
+12135643477
Company Website
https://okwisfx.com/en
Company Address
150 Shellbridge Way, Richmond, BC, Canada V6X2W8
How to login to Okwis?
okwis Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online education platforms can be daunting, especially when it comes to setting up your account. This comprehensive guide will walk you through the okwis platform's registration, account opening, and login processes. Whether you are a new user or looking to refresh your knowledge, this guide will serve as your go-to resource. Part One: Account Registration Process How to Register a okwis Account Registering for a okwis account is the first step to accessing its educational resources. Follow these detailed steps: Step 1: Accessing the Registration Page To start the okwis registration process, visit the official website. Look for the "Sign Up" or "Register" button, typically located at the top right corner of the homepage. Step 2: Filling in Required Information Once on the registration page, you will be prompted to fill in your personal information. This may include your name, email address, phone number, and a secure password. Ensure that your password meets the platform's security criteria, typically requiring a mix of letters, numbers, and special characters. Step 3: Email/Phone Verification After submitting your information, you will receive a verification code via email or SMS. Enter this code in the designated field on the registration page to confirm your contact information. Step 4: Identity Verification (if required) Depending on your region and the platforms requirements, you may need to verify your identity. This could involve uploading a government-issued ID or proof of address. Follow the on-screen instructions carefully. Step 5: Registration Confirmation Once all the above steps are completed, you will receive a confirmation message indicating that your okwis account has been successfully created. You may now log in to access the platform. Common Registration Issues and Solutions Verification Code Not Received: Ensure you entered the correct email or phone number. Check your spam/junk folder for emails. Identity Verification Failures: Make sure that the documents uploaded are clear and legible. Follow the guidelines for acceptable documents. Region Restrictions: Some regions may have specific restrictions. Check the platform's help section for more information. Regional Differences in Registration While most users can register without issue, certain regions may have additional requirements or restrictions due to local regulations. Always check the okwis website for the latest information relevant to your location. Part Two: Account Opening Process okwis Account Opening Detailed Guide Understanding the difference between registration and account opening is crucial. Registration is the initial step to create an account, while account opening may involve additional steps to fully activate your account for use. Preparation Work Before Account Opening Before you proceed with the okwis account opening, ensure you have all necessary documents ready. This includes identification for verification and any educational credentials if required. Detailed Account Opening Steps Step 1: Selecting Account Type Upon completing your registration, you may be prompted to select the type of account you wish to open. Choose the one that best suits your educational needs, such as a student or educator account. Step 2: Submitting Required Documents Submit any required documents for verification. This may include proof of identity, educational qualifications, or other relevant documentation. Step 3: Account Review Process The okwis team will review your submitted documents. This process may take anywhere from a few hours to a couple of days, depending on the volume of applications. Step 4: Account Activation Once your account is reviewed and approved, you will receive a notification confirming that your okwis account is active. Step 5: Initial Setup Log in to your account and complete any initial setup required, such as setting preferences for notifications and course recommendations. Frequently Asked Questions About Account Opening How long does the account opening process take？ Typically, the review process lasts between 1-3 business days. What documents are required？ Generally, a government-issued ID and proof of address are needed. Next Steps After Opening an Account After successfully opening your account, explore the platforms features, enroll in courses, and familiarize yourself with available resources. Consider setting up a profile to enhance your learning experience. Part Three: Login Guide okwis Login Process Explained Logging into your okwis account is straightforward. Follow these steps to access your account: Step 1: Visit the Login Page Go to the okwis website and locate the "Login" button, usually found at the top right corner. Step 2: Enter Your Credentials Input your registered email address and password in the appropriate fields. Make sure there are no typos. Step 3: Two-Factor Authentication (if enabled) If you have set up two-factor authentication, you will be prompted to enter the verification code sent to your mobile device or email. Step 4: Click on the Login Button After entering your credentials and any additional verification, click the "Login" button. Step 5: Access Your Dashboard Upon successful login, you will be redirected to your user dashboard, where you can access courses, resources, and account settings. Mobile App Login Process If okwis has a mobile app, the login process is similar. Download the app, open it, and follow the same steps as outlined above. Other Login Methods Third-Party Login: Some platforms allow login via social media accounts or single sign-on (SSO) options. Check the login page for available options. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password？" link to reset your password. Follow the instructions sent to your email. Account Lockout: If your account is locked due to multiple failed login attempts, wait for a specified period before trying again or contact support. Technical Issues: Ensure your internet connection is stable. Clear your browser cache or try a different browser if problems persist. Overview of Features After Login Once logged in, you can access your courses, track your progress, manage your account settings, and interact with fellow users. Familiarize yourself with the dashboard to make the most of the okwis platform. Additional Sections Account Security Recommendations Enable Two-Factor Authentication: This adds an extra layer of security to your account. Use Strong Passwords: Combine letters, numbers, and symbols to create a secure password. Regularly Update Your Password: Change your password periodically to enhance security. Best Practices for Account Management Monitor Account Activity: Regularly check your account for unauthorized access. Backup Important Information: Keep records of your progress and important documents. Stay Informed: Regularly check for updates or changes in platform policies. How to Get Technical Support If you encounter issues, visit the okwis support page for FAQs, troubleshooting guides, and contact information for customer support. By following this guide, you should have a clear understanding of how to navigate the okwis platform, from registration to account opening and login. If you encounter any issues, refer to the solutions provided or reach out to okwis support for assistance. Happy learning!
View details

Okwis Forex Broker - Complete Information Guide

1. Broker Overview

Okwis, officially known as Okwis Global Ltd, was established in 2010 and is headquartered in New Zealand. The company operates as a private entity, focusing primarily on the forex trading market. Okwis aims to serve both retail and institutional investors, offering a range of trading instruments and services tailored to meet diverse trading needs.

Since its inception, Okwis has gone through various phases of development, striving to establish itself as a competitive player in the forex brokerage industry. Despite its claims of regulatory compliance, concerns have been raised regarding its legitimacy, particularly due to its status with regulatory bodies.

The broker operates under the business model of retail forex trading, providing access to currency pairs and precious metals, primarily through the MetaTrader 5 (MT5) platform. The company has faced challenges, notably concerning its regulatory status, which has led to skepticism about its operations and credibility in the market.

2. Regulatory and Compliance Information

Okwis claims to be regulated by the National Futures Association (NFA) and the Financial Service Providers Register (FSPR). However, it is important to note that it is listed as unauthorized by the NFA and is considered a suspicious clone by the FSPR. The regulatory license number with the NFA is 0542746, while the FSPR license number is 591349.

The current status of these licenses raises significant concerns regarding Okwis's compliance with legal standards for financial services. The broker does not provide clear information about its customer fund segregation policies, which is crucial for ensuring the safety of client funds.

Furthermore, Okwis has not disclosed its participation in any investor compensation schemes, which could protect clients in case of insolvency. The broker claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although specific details about these compliance measures are not readily available.

3. Trading Products and Services

Okwis offers a limited selection of trading products, primarily focusing on forex currency pairs and precious metals. The broker provides access to a variety of forex pairs, although the exact number is not specified in the available information.

In addition to forex trading, Okwis also claims to offer Contract for Difference (CFD) products, but details regarding these instruments, including indices, commodities, stocks, or cryptocurrencies, are not explicitly mentioned. This limited product range may restrict trading opportunities for clients looking for more diverse investment options.

The broker's trading services are primarily aimed at retail clients, with no specific mention of institutional services or white-label solutions. The lack of detailed information about the frequency of product updates or the introduction of new trading instruments further limits the transparency of Okwis's offerings.

4. Trading Platform and Technology

Okwis utilizes the MetaTrader 5 (MT5) platform, which is known for its user-friendly interface and robust features that cater to various trading strategies. The MT5 platform allows traders to access advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs), enabling round-the-clock trading without manual intervention.

While there is no information available regarding any proprietary trading platforms, Okwis does provide a web-based trading solution, allowing clients to trade directly from their browsers. Additionally, the broker supports mobile trading applications for both iOS and Android, facilitating trading on the go.

The execution model employed by Okwis is not clearly defined, with no specific information available on whether it operates as an ECN, STP, or Market Maker. Furthermore, details regarding the server locations and technological infrastructure that underpin the trading platform are not disclosed, which could impact the trading experience regarding latency and execution speed.

5. Account Types and Trading Conditions

Okwis provides a variety of account types, although specific details about each type are limited. The standard account typically requires a minimum deposit, but this amount is not disclosed. The broker advertises ultra-low spreads, with rates starting from 0.1 pips, but does not specify the commission structure for trades.

For advanced traders, Okwis may offer premium accounts, potentially classified as VIP or professional accounts, although detailed information is not provided. The availability of Islamic accounts or corporate accounts is also unclear.

Leverage offered by Okwis can go up to 1:300, which may present opportunities for increased profits but also amplifies potential losses. The minimum trade size and overnight fees are not mentioned in the available resources, making it difficult for traders to assess the overall cost of trading.

6. Fund Management

Okwis supports various deposit methods, including bank transfer, credit cards, and e-wallets, although specific payment processors are not detailed. The minimum deposit requirement is not clearly stated, leaving potential clients uncertain about the initial funding needed to open an account.

The processing time for deposits is unspecified, and there is no information available regarding any deposit fees charged by the broker. Withdrawal methods and limitations are also not explicitly mentioned, making it challenging for clients to understand the withdrawal process.

Withdrawal processing times are not provided, which could lead to frustration for clients needing timely access to their funds. Additionally, the fee structure for withdrawals remains undisclosed, further complicating the financial planning for traders using Okwis.

7. Customer Support and Educational Resources

Okwis offers multiple channels for customer support, including telephone, email, and social media platforms. However, specific details regarding the availability of live chat support are not mentioned. The customer service hours and time zone coverage are also unclear, which may affect clients' ability to receive timely assistance.

The broker claims to support multiple languages, although the exact languages offered are not specified. Okwis provides some educational resources, including webinars, tutorials, and e-books, but the depth and variety of these materials are not elaborated upon.

Market analysis services, such as daily reports and news updates, are not mentioned, which could limit traders' access to critical market insights. Additionally, trading tools like calculators and economic calendars are not detailed in the available information.

8. Regional Coverage and Restrictions

Okwis primarily serves clients in New Zealand, but the specific regions where it operates are not clearly outlined. The broker's regional offices are not mentioned, which may impact its ability to provide localized services.

Certain countries or regions may be restricted from accessing Okwis's services, but these limitations are not explicitly stated. It is essential for potential clients to verify whether their country of residence is eligible to open an account with Okwis before proceeding.

In summary, Okwis presents itself as a forex broker with a focus on retail clients, offering a limited range of trading products and services. However, concerns regarding its regulatory status and transparency may warrant caution for potential users considering this broker.

Okwis Similar Brokers

ExpertOption ExpertOption broker
reviewsafe
Premium Trust Trade Premium Trust Trade broker
Balance Equity Balance Equity broker
reviewsafe
INDEX SECURITIES INDEX SECURITIES broker
safereview
PrimeFin PrimeFin broker
safereview
INTERVATE INTERVATE broker
safereview
DeWu DeWu broker
safereview
crownstone crownstone broker
safereview
OPAL OPAL broker
safereview
LUCRUM.PRO LUCRUM.PRO broker
safereview
Icon FX Icon FX broker
safereview
CapitalXtend CapitalXtend broker
safereview
Sand Grove Capital Sand Grove Capital broker
reviewsafe
Global Asset Global Asset broker
safereview
Central International Central International broker
safereview
Leverage Fx Leverage Fx broker
safereview
Coin Express Coin Express broker
safereview
Profit Studio Profit Studio broker
safereview
Morning Markets Morning Markets broker
safereview
SP Futures SP Futures broker
reviewsafe

Latest Reviews

Rossbing

Rossbing

Nigeria

I need to chat about my rocky ride with Time Market. Started off hoping for smooth trading, but it was more like a bumpy road. Their platform? Oh man, it's glitchier than a cheap video game. Always stuttering and stalling, like a jalopy on its last legs. And speed in executing trades? Don't make me laugh! Never got a trade off the ground fast, no matter how hard I tried. It's like running a race in quicksand!

37130

2023-11-17

Okwis Forex Broker has an overall rating of 1.49, Regulatory Index 0.00, License Index 0.00, Business Index 6.88, Software Index 4.00 Risk Control Index 0.00.
Okwis