Oracle Mergers has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1-646-506-4975, fax +1-646-417-5664
Addresses: 708 3rd Avenue New York NY. 10017 United States of America 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.ora-mer.com.
I referred a friend to Oracle Mergers through a podcast recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Tax reports included|Multi-device support|Wide product range|Easy withdrawals
Cons: Wait times can be long during peak hours
Opened my account with Oracle Mergers while looking for alternatives to my previous provider 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: Low minimum deposit|Risk management tools
Cons: Nothing significant|No dark mode on mobile
The platform at Oracle Mergers is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.
Pros: Social trading features|Competitive fees|Responsive team
Cons: No fractional shares
I gave Oracle Mergers a fair chance. After for about five months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Regular updates|Helpful community forum|Social trading features
Cons: Could offer more webinars
I am in a dispute with Oracle Mergers 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: Risk management tools|Intuitive for beginners
Cons: Limited ETF selection
I opened an account with Oracle Mergers for about five months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Good analytical tools|Responsive team
Cons: Cannot customize dashboard fully|Help articles are sometimes vague
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. Oracle Mergers said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Copy trading available|Fast execution|Educational resources|Reliable uptime
Cons: Limited social trading features|Account statements could be more detailed
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Oracle Mergers recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Easy to use platform|Tax reports included|Segregated accounts|Real-time alerts
Cons: Inactivity fee applies after 12 months
The onboarding at Oracle Mergers was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dedicated account manager|Multi-device support|Professional team
Cons: Limited cryptocurrency options
If you are reading this considering Oracle Mergers - run. I wish I had read more negative reviews when my bank disappointed me and I searched for alternatives. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Personal attention|Responsive team|Portfolio tracking tools
Cons: Wish they had more educational resources|No fractional shares