OliveFX Forex Broker

Note: OliveFX's official website: https://www.olivefx.com is currently inaccessible normal.OliveFXReview SummaryFounded/Registered Country/RegionAustraliaRegulationASIC (Suspicious Clone)Market InstrumentsForex, CFDs on Metals, Indices, Crude, Natural GasDemo Account❌LeverageUp to 1:500Spread0.8 pipsTrading PlatformMT4Min Deposit/Customer SupportEmail: support@olivefx.comCompany 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 & ConsProsConsVarious tradable asset classesSuspicious clone ASIC licenseMT4 supportedUnfunctional websiteNo demo accountsNo info on minimum depositLimited contact channelsIs 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 CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberRegulatory Status Australia Securities & Investment Commission (ASIC)Olive Financial Markets Pty LtdMarket Making (MM)390906Suspicious CloneWhat 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 AssetAvailableforex✔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 PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnersMT5❌Desktop, Mobile, WebExperienced tradersDeposit and Withdrawal On OliveFX, you can deposit and withdraw funds using a bank wire transfer or Paypal.