Block Oak Sigs is a CFD broker with its official domain registered on June 3, 2024. This broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries or regions where doing so would violate local laws or regulations.
Company Registration and Regulatory Status
According to information available on the Block Oak Sigs official website, the company "VLS" was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not clearly disclosed specific details about its company registration or regulatory licenses.
Upon verification, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "VLS."
Therefore, Block Oak Sigs is essentially a fraudulent brokerage site with no corporate entity or regulatory oversight.
Account Opening Process
The account opening process for Block Oak Sigs trading accounts involves: visiting the broker's official website, clicking on the “Open Account” or “SIGN UP” button on the homepage or at the top right corner of the webpage to enter the account registration page, filling in personal information such as name and email as required, setting a login password, and submitting the details. Once the account is verified, the registration is complete.
Trading Instruments
Block Oak Sigs offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage can enhance potential returns.
- Commodities: Commodity trading covers key resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of public companies, profiting from price changes and dividends based on company performance without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from highly volatile assets.
Investment Plans
Block Oak Sigs offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use with any broker
Trading Platform
Block Oak Sigs offers its proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds and featuring over liquidity providers, executing more than 12,000 orders per second.
Deposits and Withdrawals
Block Oak Sigs only supports deposits and withdrawals through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Block Oak Sigs is a scam broker that entices investors with promises of high returns. The site is not regulated in any way. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
