Oakwell Finance has been flagged by Financial Conduct Authority for "Unauthorised". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Oakwell Finance is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
If you are reading this considering Oakwell Finance - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over for the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Low minimum deposit|Regular updates
Cons: Website design could be more modern|Help articles are sometimes vague
Where do I even begin with Oakwell Finance? for just over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clean UI|Dedicated account manager|Instant funding
Cons: Charting tools need more indicators|Research section could be deeper
I trusted Oakwell Finance with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-device support|Real-time alerts
Cons: Limited ETF selection
The mobile app from Oakwell Finance 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: Real-time alerts|Easy to use platform|Multi-currency support
Cons: Could offer more webinars|Slow to add new assets
The hidden fees at Oakwell Finance 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: Social trading features|Copy trading available|Dividend tracking|Instant funding
Cons: Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to Oakwell Finance. 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: Competitive fees|High security standards|API access
Cons: Limited demo account features|No integrated tax optimization
My card was charged twice by Oakwell Finance on the same day. I had to dispute it with my bank. Oakwell Finance then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Full transparency|Social trading features|Professional team|Two-factor authentication
Cons: Email notifications too frequent
I looked into Oakwell Finance and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
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. Oakwell Finance said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Intuitive for beginners|Regular updates|Low minimum deposit
Cons: Nothing significant|Website design could be more modern