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The WikiFX Score of this broker is reduced because of too many complaints!

Oracle FX

Australia|5-10 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|New Zealand Financial Service Corporate Revoked|Suspicious Overrun|High potential risk|

http://www.oracle-fx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
OracleFinance-Demo MT4
Server Location United States

Contact

4001890574
service@oracle-fx.com
http://www.oracle-fx.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

4001890574

Broker Information

More

Company Name

Oracle Finace International INC

Company Abbreviation

Oracle FX

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 9
Previous Detection : 2024-05-20
  • 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.
Failure to Find Oracle FX’s office in Australia

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

Danger Oracle FX Australia
Oracle FX's New Zealand Office Address Does Not Exist

Oracle 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

Danger Oracle FX New Zealand
Failure to Find Oracle FX’s office in Australia

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

Danger Oracle FX Australia
Oracle FX's New Zealand Office Address Does Not Exist

Oracle 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

Danger Oracle FX New Zealand

WikiFX Verification

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Pyramid scheme complaint
Expose

    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.

    regulation

    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.

    site-survey

    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.

    negative-reviews

    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.

    User Reviews

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    User comment

    2

    Comments

    Write a review

    巫雪莲
    more than one year
    all of Oracle FX's regulation licenses are fake, and its official website also became a gambling website! I hope that these scammers can be brought to justice as soon as possible.
    2023-02-20 18:51
    Reply
    0
    0
    FX1143082639
    more than one year
    Oracle FX's website has become an advertising website, and I have seen many complaints from victims... I really hope this company can be brought to justice as soon as possible.
    2022-12-13 10:25
    Reply
    0
    0
    9
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