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    Olive Financial Markets

    • Australia Australia
    • 10-15 years
    • Regulated in Australia
    • Market Making(MM)
    • Non MT4/5 Software
    • Suspicious Scope of Business
    WikiFX Score
    • 1300941852
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    • --
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    • Olive Financial Markets Level 6, 50 Appel Street, Surfers Paradise QLD 4217, Australia
    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Get it for free
    WikiFX Risk Alerts 1

    Current data shows that this broker is using Non MT4/5 Software

    Broker Information
    • Company Name

      Olive Financial Markets Pty Ltd.

    • Regulatory Status


    • Company Abbreviation

      Olive Financial Markets

    • Country/Region


    • Phone of the company


    • Company address

      Olive Financial Markets Level 6, 50 Appel Street, Surfers Paradise QLD 4217, Australia

    • --
    Customer Service Email Address
    • --

    Olive Financial Markets

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :


      Effective Date :

    • Email Address of Licensed Institution :


      License Type:

      No Sharing
    • Website of Licensed Institution :


      Expiry Date :

    • Address of Licensed Institution :

      Level 6, 50 Appel Street, SURFERS PARADISE QLD 4217

      Phone Number of Licensed Institution :

    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3 Annex4

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    Olive Financial Markets



    WikiFX·pyramid scheme complaint
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    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Olive Financial Markets
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    Olive Financial Markets · Company summary

      General Information

      Olive Financial Markets Pty Ltd (ABN 46 145 551 739; AFSL 390906) (“OliveFX”) is regulated by the Australian Securities and Investments Commission (ASIC), authorized to issue over-the-counter products, contracts and derivatives and provide Managed Discretionary Account Services, and holds the registered business name OliveFX. Olive's business is designed to develop trading and investment capability in a broad spectrum of securities and derivatives including equities, options, contracts for difference, futures and margin FX.

      Regulation & Risk

      OliveFX is regulated by the ASIC. The authority however announced in March 2020 that it had canceled the broker‘s AFS license. OliveFX has appealed the cancellation and asked the Administrative Appeals Tribunal (AAT) for a review and stay of ASIC’s decision to cancel the license. Consequently, the AAT granted a stay of ASIC‘s decision in April 2020 and is currently reviewing the Australian regulator’s decision. Until a verdict has been reached, the company can‘t accept any new clients and must alert its current clients of ASIC’s decision to cancel its AFS license.They may still provide financial services to their existing customers until the review is determined.

      Market Instruments

      OliveFX offers trading instruments for Forex, Spot Metals, Share Contracts for Difference (CFDs) issues and CFDs on Commodity Futures, CFDs on ETFs and Indices. Currencies are traded in pairs which fall under three category types: Majors, Minors and Exotics. There are over 70 currency pairs to trade.

      Accounts & Leverage

      OliveFX is offering six different accounts for any investor willing to sign up. These account types include Corporate, Personal, SMSF, Trust, Joint, and Client appropriateness Assessment. OliveFX only offers a Standard account. The minimum deposit when registering an account is 200 USD. Leverage up to 1:500 is offered on this account.

      Spreads & Commissions

      In term of forex spreads offered, OliveFX claims that spreads start from 0.8 pips without a trading commission on its standard account.

      Swap Points & Trading Hours

      Swap points are determined based on the interest rate differential between the countries involved in the currency pair. If the traders hold a position overnight (past 17:00 EST), there will be a Swap adjustment. And the trading services at OliveFX are available 24 hours a day, 5 days a week.

      Trading Platform Available

      OliveFX supports MetaTrader 4, MT4 Mobile and Web trading platforms. MT4 also features an excellent pack of advanced charting tools, as well as nearly 100 easily customizable market indicators and trading robots, called Expert Advisors, with the help of which one can easily run algorithmic trading sessions. In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types, but which operate in accordance with Shariah law.

      Deposit & Withdrawal

      OliveFX supports traders fund their accounts and post margin by using payment methods like direct transfer, debit or credit cards, or PayPal. The broker also mentions the possibility to use other payment methods, but traders should ask for that personally.

    Risk Warning

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    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

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