Impersonation of OKX Australia Financial Pty Ltd (fomim.com) has been flagged by ASIC (Australia) for "Imposter". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fomim.com.
Opened my account with Impersonation of OKX Australia Financial Pty Ltd (fomim.com) after a family member had a good experience and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Regular updates|Tax reports included
Cons: No phone support on weekends
Impersonation of OKX Australia Financial Pty Ltd (fomim.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: High security standards|Real-time alerts|Good mobile app|Social trading features
Cons: No integrated tax optimization
Impersonation of OKX Australia Financial Pty Ltd (fomim.com) locked my account without warning and demanded documents I had already submitted. for close to eighteen months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Stable platform|Responsive team
Cons: No crypto staking|No fractional shares
Impersonation of OKX Australia Financial Pty Ltd (fomim.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Intuitive for beginners|Personal attention|Professional team
Cons: Withdrawal takes 1-2 business days|Mobile app could be improved
I am in a dispute with Impersonation of OKX Australia Financial Pty Ltd (fomim.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Real-time alerts|Two-factor authentication
Cons: Search feature is basic|Email notifications too frequent
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Impersonation of OKX Australia Financial Pty Ltd (fomim.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Educational resources|Regular updates
Cons: Some tools only available on higher tiers|Wish they had more educational resources
Impersonation of OKX Australia Financial Pty Ltd (fomim.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Tax reports included|Two-factor authentication|Clean UI
Cons: Limited demo account features|Wait times can be long during peak hours
I requested my data from Impersonation of OKX Australia Financial Pty Ltd (fomim.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Full transparency|Comprehensive tools|Stable platform
Cons: No live chat on mobile