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Oliver foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://account.oliverfx.com/register, about the company's legal and temporary regulatory information, the company's address .

Oliver Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Oliver FX Limited
Abbreviation
Oliver
Company employee
--
Customer Service Email Address
service@oliverfx.com
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Oliver broker review

Rating Index

  

Oliver Forex Broker - Comprehensive Information Guide

  

1. Broker Overview

  Oliver is a relatively new forex brokerage company established in 2023. The firm is headquartered at 7 Copperfield Road, Coventry, West Midlands, England, CV2 4AQ. As a private entity, Oliver operates primarily in the retail forex market, catering to clients worldwide. Despite its recent inception, the broker has positioned itself to offer various trading services, including forex, contracts for difference (CFDs), commodities, and indices.

  The company aims to provide accessible trading solutions for both novice and experienced traders. However, it is crucial to note that Oliver is currently unregulated, which raises concerns about its operational legitimacy and the safety of client funds. As a new entrant in the competitive forex market, Oliver's development milestones include launching its trading platform and expanding its range of financial instruments.

  Oliver operates under a business model that emphasizes retail forex trading, offering clients the opportunity to engage in speculative trading across multiple asset classes. However, the lack of regulatory oversight may deter potential clients from trusting the broker with their investments.

  

2. Regulatory and Compliance Information

  Oliver is not regulated by any recognized financial authority, which poses significant risks for traders. The absence of a regulatory framework means that there are no oversight mechanisms to protect client investments. Notably, there are no licenses or regulatory numbers associated with Oliver, and the firm does not participate in any investor compensation schemes.

  Client funds are not insured, and there is no indication of a client fund segregation policy, which is a standard practice among regulated brokers to safeguard client deposits. Furthermore, Oliver does not appear to have implemented comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are essential for preventing fraudulent activities and ensuring compliance with financial regulations.

  Given the lack of regulatory oversight, potential clients should exercise extreme caution when considering opening an account with Oliver. The absence of regulatory support raises questions about the broker's reliability and the safety of client funds.

  

3. Trading Products and Services

  Oliver offers a diverse array of trading products, primarily focusing on the forex market. The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs, although the exact number of available pairs is not specified. Additionally, Oliver offers CFDs on various asset classes such as indices, commodities, and cryptocurrencies.

  The broker's product range includes:

  • Forex Currency Pairs: Major pairs like EUR/USD, GBP/USD, and USD/JPY.
  • CFD Products: Access to indices (e.g., S&P 500, FTSE 100), commodities (e.g., gold, oil), and cryptocurrencies (e.g., Bitcoin, Ethereum).
  • Unique Offerings: Oliver may introduce new instruments periodically, although specific details about product updates are not provided.

  Oliver primarily caters to retail clients, offering trading services that allow individuals to engage in speculative trading. However, the broker's lack of regulatory oversight may limit its appeal to institutional clients, who typically require a higher level of security and compliance.

  

4. Trading Platforms and Technology

  Oliver does not support the widely-used MetaTrader 4 or MetaTrader 5 platforms, which may be a drawback for traders accustomed to these popular trading interfaces. Instead, Oliver appears to offer a proprietary trading platform, though specific details about its features and functionalities are not provided.

  The available trading platforms include:

  • Web-Based Platform: Accessible via browsers, allowing users to trade from any device with internet connectivity.
  • Mobile Trading Applications: Oliver offers mobile apps for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.

  The broker's execution model and technological infrastructure details are limited. There is no information available regarding server locations or the type of execution model used (e.g., ECN, STP, Market Making). Additionally, there is no mention of API access or support for automated trading, which may be a consideration for algorithmic traders.

  

5. Account Types and Trading Conditions

  Oliver provides various account types to cater to different trading preferences and experience levels. However, detailed information regarding the specific conditions of each account type is limited. The standard account conditions include:

  • Minimum Deposit Requirements: Not specified in the available information.
  • Spreads and Commissions: Oliver offers competitive spreads, although exact figures are not disclosed.
  • Leverage Options: The broker provides leverage, but the specific ratios depend on the account type and trading conditions.

  Additional account types may include:

  • VIP or Professional Accounts: Tailored for experienced traders, though specific details are not provided.
  • Islamic Accounts: Available for clients adhering to Sharia law, but further details are lacking.
  • Demo Accounts: Oliver may offer demo accounts for traders to practice without financial risk, but this is not confirmed.

  Overall, traders should inquire directly with Oliver for precise details regarding account types, minimum trading sizes, overnight fees, and other trading conditions.

  

6. Fund Management

  Oliver supports various deposit methods, although specific details regarding the payment options and associated fees are not provided. The broker's minimum deposit requirements for different account types are also unspecified.

  Key aspects of Oliver's fund management include:

  • Supported Deposit Methods: Potential options include bank transfers, credit cards, and electronic wallets, though specific payment methods are not detailed.
  • Withdrawal Methods and Restrictions: Information on withdrawal options and any limitations is not provided.
  • Processing Times: The time taken for deposits and withdrawals is currently unknown.
  • Fees Associated with Deposits and Withdrawals: The absence of information regarding fees makes it difficult for traders to assess the cost of fund management with Oliver.

  Traders are encouraged to reach out to Oliver directly for comprehensive details on fund management policies and procedures.

  

7. Customer Support and Educational Resources

  Oliver provides customer support through various channels, including email and potentially online chat. However, the specific hours of operation and time zone coverage are not disclosed. The broker's commitment to customer service is essential, particularly given its unregulated status.

  Key features of Oliver's customer support include:

  • Support Channels: Email support is available, but additional channels such as phone or live chat are not confirmed.
  • Multilingual Support: The languages supported by Oliver's customer service team are unspecified.
  • Educational Resources: The broker may offer educational materials, such as webinars, tutorials, and eBooks, but specific resources are not detailed.
  • Market Analysis Services: Information on daily analysis, news updates, and research reports is not provided.

  Traders seeking educational resources and support should inquire directly with Oliver for more information.

  

8. Regional Coverage and Restrictions

  Oliver primarily serves clients in the United Kingdom and potentially other regions, although specific details about its market coverage are limited. The broker's operational reach may be influenced by its unregulated status, which could restrict its ability to accept clients from certain jurisdictions.

  Key regional aspects include:

  • Main Service Markets: Olivers primary market appears to be the UK, but additional regions may be served.
  • Regional Office Distribution: There is no information available regarding the presence of regional offices.
  • Countries/Regions Not Accepted: Specific countries or regions from which Oliver does not accept clients are not disclosed.
  • Special Restrictions: Any particular limitations on trading or account opening are not mentioned.

  Traders interested in Oliver's services should confirm their eligibility based on their geographical location.

  In conclusion, while Oliver presents itself as a forex brokerage offering various trading products and services, its lack of regulation and transparency poses significant risks for potential clients. Traders are advised to conduct thorough research and consider the implications of trading with an unregulated broker like Oliver.

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Oliver Forex Broker has an overall rating of 1.36, Regulatory Index 0.00, License Index 0.00, Business Index 5.82, Software Index 4.00 Risk Control Index 0.00.