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FXOAK
New Zealand|5-10 years| https://www.fxoak.com
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FXOAK
FXOAK
New Zealand
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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FXOAK · 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 |
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