Oscar Markets

Oscar Markets is a forex and CFD broker that was established on 19 February 2025, making it a very new entrant to the online trading industry. The company operates under the legal name Oscar Markets Limited and lists its registered address at Level 8 – Al Sila Tower, Abu Dhabi Global Market, Al Maryah Island, P.O. Box 27522, Abu Dhabi, United Arab Emirates.

Despite its recent founding, the broker presents itself as a trading service provider offering access to global financial markets. It primarily targets retail traders, with a particular focus on clients in the Middle East, including the UAE. The company's website and promotional materials emphasise a range of account types and trading conditions designed to suit different experience levels.

Oscar Markets does not hold any verified regulatory licence from a recognised financial authority. Our records show no licence on file, and the broker does not appear to be regulated by any major financial regulator such as the FCA, ASIC, or CySEC.

The company's registered address is in the Abu Dhabi Global Market (ADGM), which is a financial free zone in the UAE. However, being registered in a free zone does not automatically confer a trading licence. Traders should be aware that the absence of regulation means there is no independent oversight of the broker's operations, and client funds may not be protected by any compensation scheme.

Oscar Markets offers four main account types: ECN, Pro, Islamic, and Standard. The ECN account requires a minimum deposit of $10,000 and offers a maximum leverage of 1:500, with spreads starting from 0.0 pips. This account appears designed for professional traders who require tight spreads and direct market access.

The Pro account has a lower minimum deposit of $5,000 and also offers leverage up to 1:500, with spreads from 0.8 pips. The Islamic account is swap-free, catering to traders who follow Sharia law, and offers leverage up to 1:1000, though the minimum deposit is not disclosed. The Standard account also provides leverage up to 1:1000 and is advertised as commission-free, but the minimum deposit is not specified.

The broker offers the MetaTrader 5 (MT5) platform, which is one of the most widely used trading platforms in the industry. MT5 provides advanced charting tools, multiple timeframes, and support for automated trading through Expert Advisors (EAs).

Traders can access MT5 on desktop, web, and mobile devices, allowing them to monitor the markets and execute trades from anywhere. The platform is known for its stability and speed, which is essential for active traders. However, the broker does not disclose whether it offers any additional proprietary platforms or tools.

Oscar Markets does not provide a detailed list of tradable instruments on its website. Based on the account types and the nature of the broker, it is likely that forex pairs, commodities, indices, and possibly cryptocurrencies are available, but this is not confirmed.

Traders who are considering this broker should note that the lack of transparency regarding available instruments makes it difficult to assess whether the broker meets their specific trading needs. It is advisable to contact the broker directly for a full list of assets before opening an account.

The broker does not disclose its deposit or withdrawal methods on its website. This is a significant gap in information, as traders need to know how they can fund their accounts and withdraw profits.

In the absence of clear information, potential clients should exercise caution. The broker's customer support may be able to provide details, but given the negative reviews regarding unresponsive support, this could be challenging. It is essential to understand the withdrawal process before committing any funds.

Oscar Markets appears to target retail traders who are looking for high leverage and a range of account types. The high minimum deposit on the ECN account suggests it is aimed at more serious or professional traders, while the Standard and Islamic accounts may appeal to beginners and those with religious constraints.

However, given the broker's very short operating history and lack of regulatory oversight, it is not suitable for risk-averse traders or those who prioritise the safety of their funds. The broker's marketing may attract traders in the UAE and the wider Middle East, but the absence of a physical office and verified regulation raises serious concerns.