Should one trust the brokerage firm’s statements about having 500,000 clients? Especially considering the absence of any license. Even though the company lists an office in the United Kingdom, Oakwell Finance, for some reason, does not hold regulation from the FCA — there is no information about this on their official website. In today’s review, we will examine what is wrong with this broker and whether a scam might be lurking behind it.
Brief Overview
- 🖥Official Website: https://oakwell-finance.com/en/
- ✈️Contact Address: New Court Abbey RoadNorth, Shepley, Huddersfield, HD8 8BJ
- 📞Customer Support: +441235643224, support@oakwell-finance.com
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250
- 💰Additional Services: education, research, account manager
Oakwell-finance.com Examination
The official website of Oakwell Finance looks standard for any forex broker. The top menu is typical: Trading Tools, Fees, Account Types, Support and FAQ, About Us, and a Start Now button. There is also a language switch button — nine languages are supported. At the bottom of the page, there is the legal address, contact information, and a risk warning.
The images Oakwell Finance use are plainly taken from the internet. They are not unique. The company uses pictures of a smartphone with charts, and dice with logos of Apple, Bitcoin, and Ethereum, hoping to attract inexperienced users. Reputable brokers like Saxo Bank or IG Group use real screenshots of their platforms, with an interface they are not ashamed to show, as well as photos of their team and offices.
The website contains a massive amount of text. An overwhelming amount. There is so much empty and meaningless content that one could easily spend an hour reading this literature. Examples include: “We bring global markets to your fingertips”, “empower your trading journey”, and “ambitious worldwide platform” — all nicely worded but meaningless. The “About Us” section contains no important information about Oakwell Finance; only several pages describing the broker’s vision and goals. However, where are the founding date, licenses, and other details about their operations?
Our conclusion about the broker’s official website is more negative than positive. There is a minimum of essential information and specifics, and a maximum of useless text and clichéd phrases.
Company Contacts
Contact details can be found at the bottom of the page — a UK address, an email address, and a phone number are listed. We did not find anything suspicious in this. However, Oakwell Finance lacks a live chat feature for promptly resolving client issues. It would also be convenient to add support through messengers and social media. A Telegram chat with a support manager or WhatsApp — these are fairly convenient methods of communication.
Key Conditions
It is impossible to fully assess the trading conditions of Oakwell Finance, as many parameters are simply not disclosed. The company has developed four account types:
- Basic — $250.
- Standard — $5,000.
- Advanced — $25,000.
- Professional — $50,000.
All we learn about each account is a set of generic phrases: additional tools, options, a personal manager, API access, and premium indicators. Not a single specific parameter: no figures on spreads, no information about leverage, and no explanation of what is included in the “additional tools”. This is a clear downside — a serious broker is obligated to publish a complete account specification.
The commissions at Oakwell Finance are a complete mystery. There is a separate “Fees” section, but not a single figure is provided. No tables, examples, or calculations. It simply says: “The commission is calculated as a percentage of the transaction amount”. What percentage? Unknown. There is also no information about the average spread on EUR/USD, BTC/USD, NASDAQ, or gold. This is a serious drawback. Without this data, a trader cannot compare conditions or estimate costs.
Essentially, the conditions here are unknown. Only tariffs and minimum deposits are described — and those deposits, by the way, are very high, which is typical of illegal and questionable forex brokers — as well as additional services. However, more important details such as spreads, commissions, and leverage are completely ignored.
Exposing Oakwell Finance
The company kindly provides a link to the UK corporate registry. Formally — yes, the document is real. A company named OAKWELL CAPITAL LIMITED, registration number 09243199, does exist. The firm is active and was registered on October 1, 2014. However, it has no connection to the subject of our review.
At the very least, the operational timelines do not match. If you check the domain registration date of oakwell-finance.com, it is 2025. There is also another site, an older one: oakwell-finance.net. Its domain was registered on November 7, 2024. That is ten years later than the registration date in Companies House. Therefore, the organization whose certificate this broker is using as a cover has nothing to do with them.
Secondly, the names are simply similar. The difference lies in “Finance” and “Capital Limited”. The scammers did not use the exact same name but added a slight variation. However, this did not help them.
And here is the most important point: where is the FCA license? If Oakwell Finance positions itself as a British broker and works with traders, it is required to obtain approval from the Financial Conduct Authority (FCA). This is the UK regulator that verifies the platform, and ensures the protection of client rights, the safety of funds, the presence of insurance, and proper reporting.
Oakwell Finance has not obtained such a license. This organization is not found in the FCA register. There is no mention of regulation at all on the official website. This means that the broker operates illegally.
What Reviews Do Users Leave?
There are not many reviews of Oakwell Finance online. Interestingly, their average rating is over 4 stars, meaning positive comments prevail. At first glance, this seems odd, given that we are clearly dealing with a scam. However, once you take a look at how these reviews are written, everything becomes clear. These are uniform comments in the style of “everything is the great, best experience, and the platform is profitable”. Obviously, these are fake reviews published to attract the attention of inexperienced traders.
Conclusions
The company hides behind someone else’s certificate of incorporation, while it is not officially registered itself, and moreover, holds no license. The broker has only been operating for a short time, which means there are no guarantees for the security of client deposits. We do not recommend considering Oakwell Finance as a brokerage partner — it is far too risky.
Pros/Cons
- The site is translated into 9 languages.
- Oakwell Finance is covered by a false certificate from Companies House.
- Using someone else's name to create the illusion of legality and safety.
- The actual period of operation is less than a year.
- Illegal activities.
- Key trading terms are not disclosed.
I nearly fell for this scam, but realized just in time. I decided to check if Oakwell Finance had a license. After all, any company based in the UK must be licensed. But I found nothing in the FCA registry. That’s when I understood this was an unlicensed broker – and you cannot work with such companies. So I’m warning you: you may run into serious problems here. These scammers simply won’t return your deposit.
WARNING! THIS IS A SCAM! DO NOT EVEN THINK ABOUT INVESTING HERE! Everyone who did – lost their money for sure! These anonymous fraudsters will not return a single cent. There is no trading here – it’s a fake platform. Be careful, please. Do not feed the scammers with your money!