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 broker review
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.
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.
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:
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.
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:
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.
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:
Additional account types may include:
Overall, traders should inquire directly with Oliver for precise details regarding account types, minimum trading sizes, overnight fees, and other trading conditions.
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:
Traders are encouraged to reach out to Oliver directly for comprehensive details on fund management policies and procedures.
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:
Traders seeking educational resources and support should inquire directly with Oliver for more information.
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:
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.