OYO Finance

OYO Finance is an online trading and investment platform operating under the domain oyofin.com. The broker presents itself as a next-generation platform catering primarily to investors in Australia and Canada, offering access to cryptocurrency and global markets. According to its website, the company has over 15 years of industry experience and claims to have won top platform awards in 2023 and 2024.

Despite these promotional claims, OYO Finance is not regulated by any known financial authority. The broker's country of registration is unknown, and its official registration status remains unclear. A warning published on the IOSCO I-SCAN database (3 July 2026) notes that OYO Finance has been flagged by the Autorité des marchés financiers (AMF) of Quebec, Canada, indicating that the platform is not authorised to offer services in that jurisdiction. This regulatory alert is a significant red flag for potential investors.

Our records confirm that OYO Finance holds no valid licence from any recognised financial regulator. The broker is not listed with the Australian Securities and Investments Commission (ASIC), the Canadian Securities Administrators (CSA), or any other major regulatory body. The warning from the Quebec AMF, published on the IOSCO I-SCAN platform, explicitly identifies oyofin.com as an unregistered entity soliciting Canadian investors.

This absence of regulation means that clients trading with OYO Finance have no recourse to any investor protection scheme, such as compensation funds or dispute resolution services offered by regulated brokers. The elevated Scam Risk Score of 55/100 assigned by FXCanary reflects these serious concerns about the broker's legitimacy and oversight.

OYO Finance provides a web-based trading platform, though specific platform software or mobile app availability is not detailed on its website. The broker claims to offer transparent dashboards and reporting, and recently announced an 'unlimited trading framework' that purportedly removes restrictions on volume and frequency of trades. According to a press release, this framework aims to reduce fees and maintain system stability during high traffic.

Traders are not provided with clear information about available account types, leverage, spreads, or minimum deposits. The broker's marketing materials emphasise accessibility and confidence, but lack concrete details that would allow a prospective client to evaluate trading conditions. This opacity is common among unregulated brokers and should be treated with caution.

The broker states that it enables participation in 'crypto and global markets', but does not specify the exact asset classes offered. It is reasonable to assume that cryptocurrencies form a core part of the offering, given the platform's emphasis on digital assets. Whether traditional asset classes such as forex, indices, commodities, or stocks are available is not clarified.

No information is provided about execution types, order types, or liquidity providers. The lack of transparency around instruments and execution raises questions about the breadth of the platform's offering and the reliability of trade execution, particularly for high-volume trading as promoted by the unlimited framework.

The account opening process is not described in detail. Based on industry databases, the broker appears to require standard personal information and identity verification, but specific requirements are not listed. Customer support is claimed to be fast and respectful, according to user reviews on third-party sites; however, these reviews are few and may not be representative.

The broker's contact information on Trustify360 lists an address at 18 Churchill Place, London E14 5PX, United Kingdom. This appears to be a mailing address rather than a physical office. The legitimacy of this address and the company's operational base remains unverified.

OYO Finance explicitly targets investors in Australia and Canada, as stated on its website. The platform's marketing highlights dual focus on these two countries and suggests that it is designed for both retail and experienced investors. However, given the regulatory warnings issued by Canadian authorities, the broker is essentially unlicensed to operate in Canada, and its status in Australia is equally uncertain.

This misalignment between the claimed target audience and the actual regulatory standing should dissuade investors, particularly those from jurisdictions where the broker is flagged by authorities. The platform may also attract global users, but the lack of oversight makes it unsuitable for risk-averse traders.