Score
Oracle FX
Australia|5-10 years| http://www.oracle-fx.com/
Website
Rating Index
Contact
Licenses
Single Core
1G
40G
Contact number
4001890574
Other ways of contact
Broker Information
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Oracle Finace International INC
Oracle FX
Australia
Pyramid scheme complaint
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- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!
- New ZealandFSPR (license number: 548588) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- This broker exceeds the business scope regulated by New Zealand FSPR(license number: 548588)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
- The AustraliaASIC regulation (license number: 402043) claimed by this broker is suspected to be clone. Please be aware of the risk!
Failure to Find Oracle FX’s office in Australia
The investigators, based on the result of the field trip, confirmed that Oracle FX’s real address failed to match with the one in its regulatory information. Besides, the broker is verified to run beyond the business scopes stated in its common financial services license (regulatory number: 548588) issued by Australian Securities and Investment Commission and the common financial services licens
AustraliaOracle FX's New Zealand Office Address Does Not Exist
It has been proved by the on-the-site investigation of the staff that the actual address of the New Zealand licensed broker Oracle FX is not consistent with that declared by the supervision agency. It is said that the Common Financial Service License (No. 0505926) the broker holds issued by NFA suggests the broker’s overrunning and the status NFA announced is unauthorized. The Investment Advisory
New ZealandFailure to Find Oracle FX’s office in Australia
The investigators, based on the result of the field trip, confirmed that Oracle FX’s real address failed to match with the one in its regulatory information. Besides, the broker is verified to run beyond the business scopes stated in its common financial services license (regulatory number: 548588) issued by Australian Securities and Investment Commission and the common financial services licens
AustraliaOracle FX's New Zealand Office Address Does Not Exist
It has been proved by the on-the-site investigation of the staff that the actual address of the New Zealand licensed broker Oracle FX is not consistent with that declared by the supervision agency. It is said that the Common Financial Service License (No. 0505926) the broker holds issued by NFA suggests the broker’s overrunning and the status NFA announced is unauthorized. The Investment Advisory
New ZealandWikiFX Verification
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Oracle FX · Company Summary
Oracle FX 8781943868
Since Oracle FXs official website cannot be opened for now, we could only piece together the rough picture of this broker by gathering some relevant information from other websites.
| Basic | Information |
| Registered Countries | Australia |
| Regulation | No regulation |
| Minimum Deposit | N/A |
| Maximum Leverage | N/A |
| Minimum Spread | N/A |
| Trading Platform | MT4 trading platform |
| Trading Assets | N/A |
| Customer Support | Telephone, Email |
General Information
Oracle FX is an online forex broker registered in Australia, with the company behind it called Oracle Finance International INC Limited. Since Oracle FXs official website cannot be accessed, we cannot obtain more information.
Regulation
Oracle FX is a trading brand owned and operated by Oracle Finance International INC, and it is currently not authorized or regulated by any regulated authority. It used to hold a license authorized by the Financial Services Providers Register (FSPR), but this license was revoked.
WikiFX Site Survey
WikiFX‘s site survey team paid a visit to Oracle FX’s office address at Level 13, 135 King Street, Sydney NSW 2000. However, disappointingly, Oracle FXs real address failed to match with the one in its regulatory information.
Negative Reviews
As per exposure posted on the Oracle FX website, Oracle FX is notorious for stealing traders, refusing their withdrawal requests. Many traders shared their terrible trading experience on WikiFX to tell more investors what kind of broker this Oracle FX is. Come to WikiFX to read the whole story.
Trading Platform
When it comes to trading platforms available, Oracle FX says that it is using the advanced MT4 trading platform. However, given the fact that this broker is not regulated anyway, investors are strongly recommended not to use this broker.
Customer Support
Oracle FX can be reached through email or telephone, and here is the detailed contact information:
Telephone: 4001890574
Email: service@oracle-fx.com
QQ: 405746188
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
| Pros | Cons |
| None | No regulation |
| Inaccessible official website | |
| Lots of negative reviews | |
| Poor customer support | |
| Lacking for essential information |
Frequently Asked Questions
Is Oracle FX regulated？
No, Oracle FX is not regulated.
Who operates Oracle FX？
Oracle FX is owned and operated by Oracle Finance International INC.
What trading platform does Oracle FX offer？
Oracle FX hypes that it provides clients with the industry leading MT4 trading platform.
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