Oakmont Financial Mergers has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1(401) 608 2008, fax 1(401) 608 2009
Addresses: 130 Bellevue Ave Newport Rhode Island 02840 USA 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.oakmontfm.com.
After using Oakmont Financial Mergers since mid-2025, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Intuitive for beginners|Smooth onboarding|Reliable uptime|Tax reports included
Cons: Research section could be deeper|No fractional shares
After since the beginning of the year with Oakmont Financial Mergers I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Regular updates|Competitive fees|Customizable dashboard
Cons: Limited social trading features|Live chat only during business hours
The hidden fees at Oakmont Financial Mergers 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: Tax reports included|Smooth onboarding
Cons: Mobile app could be improved|No dark mode on mobile
I closed a profitable position at Oakmont Financial Mergers and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: API access|Regular updates|High security standards
Cons: Limited cryptocurrency options|No integrated tax optimization
I lost a significant amount because Oakmont Financial Mergers did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast support response|Segregated accounts
Cons: Wish they had more educational resources|No crypto staking
Oakmont Financial Mergers 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: Real-time alerts|Tax reports included
Cons: Website design could be more modern|Spreads widen during volatile periods
I have been trying to close my account with Oakmont Financial Mergers for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Helpful community forum|Social trading features|Clean UI|Professional team
Cons: Would like more payment methods
Oakmont Financial Mergers 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: Multiple order types|Detailed reporting|Multi-device support|Market news feed
Cons: Would like more payment methods|Inactivity fee applies after 12 months
Opened my account with Oakmont Financial Mergers after doing extensive research 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: Real-time alerts|Low minimum deposit|No hidden fees|Two-factor authentication
Cons: No fractional shares|Wait times can be long during peak hours
Oakmont Financial Mergers 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: Comprehensive tools|Copy trading available|Good analytical tools
Cons: Limited demo account features