Forex Brokers

Oakfair Investment

1.7 (11 reviews)
🇦🇺 Australia
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1.7
11 reviews
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About Oakfair Investment

Oakfair Investment has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +852 5808 2707

Addresses: Azure Business Centre Legend Tower 7 Shing Yip Street Kwun Tong Hong Kong This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.oakfairinvestment.com.

Customer Reviews

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Copy trading copied the worst traders

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Karen L.
1 months ago

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. Oakfair Investment said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Multi-device support|Intuitive for beginners

Cons: None so far

Social trading is fake

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Dean T.
1 months ago

The spread at Oakfair Investment is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.

Pros: Regular platform improvements|Clean UI

Cons: Could offer more webinars|Research section could be deeper

Calls at odd hours to upsell

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Amy G.
4 months ago

Oakfair Investment has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Instant funding|High security standards

Cons: Withdrawal takes 1-2 business days|No phone support on weekends

Wish I had read reviews first

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Tyler R.
6 months ago

I wanted to transfer my portfolio from another broker to Oakfair Investment. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Good analytical tools|Intuitive for beginners|Two-factor authentication|Automated trading options

Cons: No fractional shares|Website design could be more modern

Complaint process is a maze

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Kevin E.
8 months ago

The mobile app from Oakfair Investment is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Customizable dashboard|Stable platform

Cons: Limited ETF selection

A sinking ship

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Kevin X.
8 months ago

Oakfair Investment seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Easy withdrawals|Portfolio tracking tools|Educational resources|Good mobile app

Cons: Search feature is basic|Account statements could be more detailed

Lost money due to their incompetence

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William T.
8 months ago

The reporting at Oakfair Investment is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Automated trading options|Transparent fees|Comprehensive tools|Low minimum deposit

Cons: Minimum deposit could be lower

Requote on winning trades only

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Andrea N.
9 months ago

The hidden fees at Oakfair Investment are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: High security standards|Intuitive for beginners

Cons: Alert system is basic|Website design could be more modern

Laughably bad service

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Christina V.
9 months ago

I joined Oakfair Investment after hearing about them at a conference and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Dedicated account manager|Educational resources|Good analytical tools

Cons: Live chat only during business hours

Duplicate positions after merge

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Ethan D.
9 months ago

Oakfair Investment has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Helpful community forum|Easy withdrawals|Demo account available

Cons: Onboarding videos are outdated|None so far