OliveFX Journal (Broker out of business)

Journal status: closed
OliveFX out of business
OliveFX Profile
Website
olivefx.com
Year
2018
Country
Australia
Branches
1
Regulation
ASIC Australia
Registration
ASIC Australia
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х US
Broker type
MM, ECN marketing
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

OliveFX Accounts
ECN
Minimum Deposit
1 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.8 pips
Commission
0 $/lotRT
Volume
...
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, ZotaPay
Base currency
AUD, USD, EUR, GBP, CNY, HKD, SGD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is OliveFX safe?

  • Investor protection: no
  • Regulation: ASIC Australia
  • Registration: ASIC Australia
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is OliveFX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • OliveFX website: uninformative, updated ★★
  • OliveFX popularity (by visitor count): low visits ★★

How OliveFX works



In respect of all of the Products, you and OFM will enter into any Contracts as principals. Accordingly, we will be the counterparty to all of your trades.

Whether you receive a Swap Benefit will depend on prevailing interest rates in the Interbank Market as adjusted for OFM’s margin requirement with and the interest rate charged by OFM’s hedging counterparty.

OFM may set off any amount owing by you (including any negative balance in one or more Accounts) against any amount OFM owes you in any other Account, without notice. OFM may choose, in its absolute discretion, which Contracts to apply to offset the debt.



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