search

Deposit WithdrawDEPOSITWITHDRAW Online brokers: Login, deposit, withdrawal

  • Home
  • News
  • Brokers
  • Casinos
  • Contact Us
Menu
  • Home
  • News
  • Brokers
  • Casinos
  • Contact Us

RECOMMENDED FOREX BROKERS

card_widget_logoForex.com
2019-06-27
Deposit Withdraw
Home
Forex
OliveFX: Login, minimum deposit, withdrawal time?

OliveFX: Login, minimum deposit, withdrawal time?

By Deposit Withdraw
- Jun 27, 2019
- Updated Jun 28, 2019

RECOMMENDED FOREX BROKERS

card_logo

The largest US forex broker

Visit

 

OliveFX has the feel and look of an exemplary broker. Considering that it launched no more than a year ago in 2018, our first impressions are very positive. Read on to find out what it has to offer.

OliveFX or Olive Financial Markets Pty Ltd is registered in Australia which makes it regulated by ASIC. This license issuer preoccupies itself with enforcing the law against fraudulent activity, and promoting confident trader participation through tight controls over the financial market in Australia. Yet, with all that it does not offer a compensation fund.

Since Australia is outside of ESMA territory, the leverage can be higher than 1:30. At OliveFX it goes up to 1:500. Careful when utilizing this leverage for it can bring you lucrative opportunities as fast as it can drain your entire investment.

Unfortunately, we cannot provide direct spread info from the trading platform because the registration process required information that we did not agree to provide. The broker promises spreads as low as 0.8 pips, as claimed on the website.

The trading assets are Currency Pairs, Metals, Indices and Energies. For a legitimate broker the number of instruments is disappointingly low. Shares and Cryptocurrencies are the most notable absentees.

The only available language is English.

OLIVE FX LOGIN

The broker comes with the MT4 trading platform which immediately boosts the company’s score.

METATRADER 4

MT4 is always a good reminder of just how far the industry has gotten. This platform holds the popularity title for many a reason: advanced charting tools, custom indicators, easy order management, expert advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues. VPS hosting with OliveFX costs $30 per month, and is free for those that deposit a minimum of $5000. OliveFX offers Social Trading which  adds a layer of social networking to the whole experience and allows for traders to copy other more advanced users for the purposes of increasing their own profits.

The leverage offered here is capped at 1:500. We urge more beginner traders not to go as high as this, but rather chose a lower leverage value for starters. This high a leverage poses a risk.

The spread, as already mentioned, begins at 0.8 pips. We did not have direct access to the MT4, and so are cannot give you a specific EUR/USD spread. We speculate that the EUR/USD spread shouldn’t go any higher than 1.5 pips, which is the average cost of trading for the currency pair.

The Client Agreement legal document mentions that there are commissions attached to certain products, but the only way to get more details is out of the trader itself:


However, in their Product Disclosure OliveFX claims that there are no commissions on trades using the broker’s products:

With that in mind we urge traders to be wary, and always double check for commissions attached to trading assets.

The MT4 can be downloaded for desktop use and on Android/Apple devices.

OLIVE FX MINIMUM DEPOSIT

The broker has not mentioned a minimum deposit amount. However, we advice users to fund their accounts with at least $250 if they want to get something out of the experience.

Payment methods are vaguely mentioned for those that are not registered. The FAQ states that Wire Transfers and PayPal deposits are possible. The most popular alternative methods for Australia are Bpay and POLi, and so we must assume that they are included.

The base currencies offered by Olive FX are AUD, USD, EUR, GBP, HKD and SGD.

Transfer times are usually between 2-5 days. The broker has not specified if these processing times are applied to local or international transfers. Nevertheless, in Australia Wire Transfers on a local level usually take no more than 24 hours to process, while international ones can reach awaiting period of up to 5 days.

There are no fees related to deposits.

OLIVE FX WITHDRAWAL TIME AND FEES

As one of the top regulatory entities outside of Europe, ASIC’s guarantee, that each and every withdrawal is 100% safe and secure, is golden.

There is no indication on withdrawal methods. We must assume that they are the same as the depositing ones, meaning that they are revealed only to registered users. In fact all withdrawal information is withheld from unregistered users. The Legal Documents are of no help.

All we know for sure is that there is a $30 AUD fee if making an international Wire Transfer.

Furthermore, as we mentioned on the depositing section, local transfer happen much faster that international. This would mean that a withdrawal request that is local takes no longer than 1 working day, while international ones can be delayed by 2-5 business days.

BOTTOM LINE

OliveFX shows promise, and we are certain that we we see more come out of it in the future. Bear in mind that it launched in 2018, and for such a short operating time it has managed to impress us more than other more experienced brokers. OliveFX is definitely a recommend.

Rich Snippet Data
Reviewer
Deposit Withdraw
Review Date
2019-06-27
Reviewed Broker
OliveFX
Broker Rating
3.81star1star1star1stargray
Tagsolivefxolivefx depositolivefx loginolivefx reviewolivefx withdrawal

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.9/5$50 Visit websiteWebsite

Leave a Reply

Cancel Reply

Your email address will not be published. Required fields are marked *

RECOMMENDED FOREX BROKERS

card_widget_logoVisit
  • Popular

  • Comments

Overload Casino Review: 5 things to know before depositing

Deposit Withdraw May 22, 2023

SpinAUD Casino Review: 5 things to know before depositing

Deposit Withdraw May 12, 2023

Lala.bet Casino Review: 5 things to know before depositing

Deposit Withdraw May 12, 2023

Run4win Casino Review: 5 things to know before depositing

Deposit Withdraw May 12, 2023

CyberCoins Casino Review: 5 things to know before depositing

Deposit Withdraw May 3, 2023

JoDe Leppard: I did 100 no deposit went all the way through my wagering an ..

Jessica: Please never play on lala.bet This is pure criminal. They al ..

David Clare: It is years now when I deposited £150 and I don't know if my ..

David Clare: It is years since I joined and don't know if my account is l ..

Sofiya: Cant withdraw till I become a Premium member but as the cust ..

News

More Than a Third of US Millennials Hold Crypto

Deposit Withdraw July 4, 2022

New PayPal Service Allows To-Crypto-Wallet Transfers

Deposit Withdraw June 10, 2022

$44 Million Dollar Scam Busted By CFTC

Deposit Withdraw May 20, 2022

OneCoin Scam Founder Still on the Loose, Becomes One of Europol’s Most Waned

Deposit Withdraw May 17, 2022

FCA Issues Another Statement About Crypto Risks

Deposit Withdraw May 12, 2022

Forex

Nine Casino Review: 5 things to know before depositing

Deposit Withdraw May 22, 2023

PlayOnWin Casino Review: 5 things to know before depositing

Deposit Withdraw May 12, 2023

Yeti Win Casino Review: 5 things to know before depositing

Deposit Withdraw May 12, 2023

21Bit Casino Review: 5 things to know before depositing

Deposit Withdraw May 11, 2023

Trive: Regulation, fees and withdrawal time

Deposit Withdraw March 10, 2023

Casinos

Cryptozpin Casino Review: 5 things to know before depositing

Deposit Withdraw May 29, 2023

Avocasino Casino review: 5 things to know before depositing

Deposit Withdraw May 29, 2023

Rockwin Casino Review: 5 things to know before depositing

Deposit Withdraw May 26, 2023

PacificSpins Casino review: 5 things to know before depositing

Deposit Withdraw May 26, 2023

777 Cherry Casino Review: 5 things to know before depositing

Deposit Withdraw May 25, 2023
Copyright © 2015-2020 DEPOSIT-WITHDRAW.COM.