OliveFX
OliveFX Broker Overview
Here is every key fact about OliveFX in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | OliveFX |
|---|---|
| Broker name | OliveFX |
| Foundation year | 2019 |
| Headquarters | 1613 87-97 Liverpool Street, Sydney 2000, Australia |
| Country | Australia |
| Telephone | +61 1800 861 356 |
| Email / Skype | support@olivefx.com |
| Regulated by | Regulated by the Australian Securities and Investments Commission (ASIC) (AFSL 390906) |
| Type of broker | STP/ECN |
| Min. deposit | $100 |
| Max leverage | 1:500 |
| Min. spreads | 0.7 pips |
| Funding methods | Credit Card, iDeal, Neteller, Skrill, Wire Transfer |
| Withdrawal methods | Credit Card, iDeal, Neteller, Skrill, Wire Transfer |
| Base currencies | USD/GBP/EUR/CHF |
| Languages | English |
| Trading platforms | MetaTrader 4 |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✗ No |
| Islamic accounts | ✗ No |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✓ Yes |
| Promotion | Yes |
In simple words: traders get MetaTrader 4, spreads from 0.7 pips, leverage up to 1:500 and a $100 minimum deposit. New clients can also check the current Yes.
Is OliveFX Safe? Regulation and Company Details
OliveFX is a regulated broker. Regulated by the Australian Securities and Investments Commission (ASIC) (AFSL 390906).
Regulation
Regulated by the Australian Securities and Investments Commission (ASIC) (AFSL 390906)
Head office
1613 87-97 Liverpool Street, Sydney 2000, Australia (Australia)
Client funds
The broker does not list segregated client accounts.
Track record
In business since 2019. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500.
OliveFX Trading Conditions
Spreads and commissions
OliveFX spreads start from 0.7 pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:500, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This OliveFX review covers regulation, fees, platforms and bonuses.
Official website: OliveFX
OliveFX Account Types
OliveFX offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $100 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD/GBP/EUR/CHF. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at OliveFX
OliveFX supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
OliveFX Bonus and Promotions
Bonuses are a big reason traders search for OliveFX. Availability depends on your country and the account type.
- Yes — the current promotion for OliveFX clients. Check the volume rules before you claim it.
- No deposit bonus — free trading credit for new verified clients, without funding first.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official OliveFX website before accepting any offer.
OliveFX Pros and Cons
Pros
- Regulated by the Australian Securities and Investments Commission (ASI...
- Yes
- Low $100 minimum deposit
- Spreads from 0.7 pips, STP/ECN execution
- MetaTrader 4
- Hedging and scalping allowed
- Mini, VIP and managed accounts
Cons
- No Islamic (swap-free) account
- No segregated client accounts
- Bonus comes with trading-volume rules
How to Open an OliveFX Account
- RegisterFill in your name, email, country and phone number on the OliveFX sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $100 with your preferred method, claim any eligible bonus, then log in and start trading.
About OliveFX
OliveFX is an STP/ECN forex broker founded in 2019 and based in Sydney, Australia. It is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL 390906. Its main offer includes a minimum deposit of 100, leverage up to 1:500, spreads from 0.7 pips, and the MetaTrader 4 platform. This review looks at how the broker performs across regulation, accounts, platforms, costs, payments and bonuses, and who it may suit.
OliveFX Overview
OliveFX presents itself as an STP/ECN broker, a model in which client orders are generally passed on to liquidity providers rather than handled as internal dealing. The company was established in 2019 and its head office is at 1613 87-97 Liverpool Street, Sydney 2000, Australia. The official website is available in English, and you can visit it directly at OliveFX.
The broker is aimed at retail traders who want access to major forex trading conditions with a relatively low entry point. It offers several account types, a choice of base currencies, and both desktop and mobile access. Because the broker serves active traders, it is worth looking closely at the account rules, costs and bonus terms before you open a live account.
Regulation and Safety
Regulation is the first thing to check with any broker. OliveFX is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL 390906. ASIC is one of the more established financial regulators among major trading jurisdictions, and it sets rules on how licensed firms must conduct business with clients.
However, regulation does not remove trading risk. One point that deserves attention is that the broker does not offer segregated client funds, according to the information available for this review. Segregation generally means client money is kept separate from the company's own money. Traders who care about this should ask the broker directly how client funds are held and read the relevant policy documents on the official website before depositing.
Before you rely on any licence, confirm the broker's details on the regulator's own register and make sure the entity you are dealing with is the one named in the licence.
Account Types
OliveFX offers a range of accounts designed for different types of traders. The broker provides:
- Mini accounts for traders who prefer smaller position sizes and a lower starting capital.
- VIP accounts for clients who want a more premium account structure. Check the official website for the exact requirements and benefits.
- Swap-free accounts, which are relevant for traders who hold positions overnight and want to avoid swap charges.
- Managed accounts, where trading may be handled on behalf of the account holder under the broker's terms.
- A free demo account that lets you practise on the platform without risking real money.
Account base currencies include USD, GBP, EUR and CHF. Choosing a base currency that matches your deposit currency can reduce conversion costs, so it is a good idea to consider this before opening an account.
OliveFX does not offer Islamic accounts. Traders who need a Shariah-compliant account will need to look elsewhere. Swap-free accounts are available, but they should not be confused with Islamic accounts, as the terms and eligibility may differ.
Trading Platforms
Clients can trade on MetaTrader 4, one of the most widely used retail forex platforms. MT4 is familiar to many traders, supports custom indicators and Expert Advisors, and offers charting tools that work well for technical analysis.
The broker also supports web trading and mobile trading, so you can access your account from a browser or a phone or tablet. This is useful for traders who need to monitor positions away from their desk. Only one platform is listed, so traders who prefer MetaTrader 5 or a proprietary app should check whether it is available before signing up.
Spreads, Fees and Leverage
Spreads at OliveFX start from 0.7 pips. The spread is the gap between the buy and sell price, and it is one of the main trading costs for forex traders. Actual spreads can vary with market conditions, the currency pair and the account type, so the figure above should be treated as a starting point rather than a guaranteed rate.
Maximum leverage is 1:500. High leverage allows you to control a larger position with a smaller deposit, but it also magnifies losses as well as gains. Leverage may be lower depending on your country and account type, so check the rules that apply to your residence before you trade.
The minimum deposit is 100. This is a low entry point, but a small balance combined with high leverage can lead to fast losses. Keep position sizes small and use stop-loss orders to control risk.
Risk warning: trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose.
Deposits and Withdrawals
OliveFX accepts deposits by Credit Card, iDeal, Neteller, Skrill and wire transfer. Withdrawals use the same methods: Credit Card, iDeal, Neteller, Skrill and wire transfer. Having the same routes for both directions makes it easier to manage your funds, and e-wallets such as Neteller and Skrill are often quick options for regular traders.
Processing times, fees and method availability can depend on your country and the payment provider, so check the deposit and withdrawal pages on the official website before you fund your account. It is also wise to make a small test deposit and withdrawal to confirm everything works as expected.
Bonuses
OliveFX runs several promotions. According to the available information, the broker offers a welcome bonus, a no-deposit bonus and other promotions. Bonus amounts and conditions are not included in this review, so you should read the full terms on the official site before claiming any offer.
Bonuses in forex often come with conditions such as trading volume requirements, withdrawal restrictions or expiry dates. A bonus that looks attractive can be harder to withdraw than it first appears. Promotions can also change, so the offer you see today may not be the same tomorrow. Always check the conditions before you deposit.
Customer Support
The website is available in English. Information on support channels, opening hours and response times was not part of the data used for this review, so we cannot give a verdict on service quality. Before opening an account, check the contact options on the official website and consider sending a pre-sales question to test how quickly and clearly the team responds. A useful support team matters most when you have a withdrawal or account problem.
Pros and Cons
Pros
- Regulated by ASIC under AFSL 390906.
- Low minimum deposit of 100.
- Leverage up to 1:500 for traders who want high exposure.
- Spreads from 0.7 pips.
- MetaTrader 4 with web and mobile access.
- Four base currencies: USD, GBP, EUR and CHF.
- Free demo account, plus mini, VIP, swap-free and managed accounts.
- Hedging, scalping and news trading are allowed.
- Multiple deposit and withdrawal methods, including e-wallets.
- Welcome, no-deposit and other bonuses are available.
Cons
- No Islamic accounts.
- Segregated client funds are not offered.
- Only MetaTrader 4 is listed as a platform.
- High maximum leverage increases the risk of fast losses.
- The website is available in English only.
- Bonus terms are not included in this review and should be checked carefully.
Verdict
OliveFX has a clear set of strengths for retail forex traders. ASIC regulation, a low minimum deposit, MetaTrader 4 access, several account types, and a wide choice of payment methods make it a practical option for many traders. The allowance for hedging, scalping and news trading also suits active strategies.
The main concerns are the lack of segregated client funds, the absence of Islamic accounts, and the high maximum leverage, which can expose inexperienced traders to large losses. Support quality could not be assessed from the information available, so you should test it yourself. For a balanced decision, open the free demo account first, read the full bonus and account terms on the official website, and only fund a live account with money you can afford to lose.
Frequently Asked Questions
Is OliveFX a safe broker to use?
OliveFX is regulated by ASIC under AFSL 390906, which is a meaningful layer of oversight. However, no licence removes trading risk. Check the regulator's register, read the client agreements, and note that segregated client funds are not offered according to the information reviewed here.
Does OliveFX allow news trading and scalping?
Yes. Hedging, scalping and news trading are all allowed on the broker's accounts. Always confirm that your chosen account and strategy follow the current rules on the official website.
Can I use OliveFX
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose OliveFX?
OliveFX offers a $100 entry cost, MT4 platforms and a track record since 2019.
OliveFX suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
