Basic Information
Registered Region 
United Kingdom
United KingdomOperating Period
5-10 years
Company Name
FXOAK
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
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4
5
6
7
8
9
/10
FXOAK
United Kingdom
|
5-10 years
|
Suspicious Regulatory License
|
MT4 Full License
|
Regional Brokers
|
High potential risk
https://www.fxoak.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
6
Server Name
FXOAK-Demo MT4
Server Location 
Japan
JapanContact
cs@fxoak.com
https://www.fxoak.com
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
Related Software
Website
Company Summary
Comment
MT4/5
Full License MT4
2
MT4 Servers
0
MT5 Servers
56.20
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 4
Perfect
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Official website
Website
fxoak.com
104.26.8.246Server LocationICP registration--Most visited countries/areas--Domain Effective Date2017-06-28WebsiteWHOIS.GODADDY.COMCompanyGODADDY.COM, LLC
Company Summary
| FXOAK Review Summary in 6 Points | |
| Company name | FXOAK |
| Registered country/region | New Zealand |
| Regulation | Unregulated |
| Trading Platforms | MT4,Mobile Trading,cTrade,Web Trading |
| Market Instruments | financial derivatives,Cryptocurrencies,Forex,CDFs,Commodities, Stocks, Indices |
| Customer Support | QQ:800816639 |
| Consulting Agent:ib@fxoak.com | |
| Live chat | |
| Email:cs@fxoak.com | |
FXOAK Information
FXOAK is a New Zealand-based foreign exchange trading brokerage company. FXOAK provides access to the MetaTrader 4 (MT4) trading platform and offers a wide range of tradable assets, including financial derivatives, cryptocurrencies, forex, CFDs, commodities, stocks, indices, etc.
Pros And Cons
| Pros | Cons |
| No handling fee | Not regulated |
| Instant payment | |
| Low deposit |
Is FXOAK Legit?
You need to note that according to wikifxs investigation, FXOAK is currently not regulated by any recognized financial authorities.
What Can I Trade on FXOAK?
After opening an account with FXOAK, you can trade several products including financial derivatives, Cryptocurrencies, Forex, CDFs, Commodities, Stocks, Indices, etc.
| Tradable Instruments | Supported |
| Financial derivatives | ✔ |
| Cryptocurrencies | ✔ |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
Account Type
- About Real Account:
FXOAK provides two account types: Ordinary account and VIP account.
Ordinary account: The maximum investment amount for ordinary accounts is $8,000. You can place continuous orders.
VIP account: Becoming a VIP customer requires a one-time deposit of more than $10,000. You can get up to 20% bonus and there is no time limit on the bonus. The maximum investment amount for VIP accounts is $12,000. You can place continuous orders.
FXOAK Fees
Traders can make unlimited deposits and withdrawals. Deposits and withdrawals will involve some bank fees, but these fees are borne by the trader and all entry fees are refunded to the trader. FXOAK generates commissions based on customers trading volumes, not fees charged for customer deposits and withdrawals, so the broker does not charge any fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC,MAC | Anyone |
| cTrader | ✔ | PC,MAC | Anyone |
| FXOAK APP | ✔ | Mobile phone users | Anyone |
| Plug-in | ✔ | PC,MAC | Anyone |
Deposit and Withdrawal
FXOAK offers a variety of deposit and withdrawal methods to meet customer needs. Here is a summary of the available methods, associated fees and minimum transaction amounts:
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Debit card | $20 | No mention | Instant |
| WeChat Payment | $20 | No mention | Instant |
| Wire transfer | $20 | $25 service charge | Instant |
| Carte Bleue | $20 | No mention | Instant |
| WebMoney | $20 | No mention | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Debit card | $20 | No mention | 1 working day |
| WeChat Payment | $20 | No mention | 1 working day |
| Wire transfer | $20 | $25 service charge | 5-7 working days |
| Carte Bleue | $20 | No mention | 1 working day |
| WebMoney | $20 | No mention | 1 working day |
Keywords
- 5-10 years
- Suspicious Regulatory License
- MT4 Full License
- Regional Brokers
- High potential risk
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