Score
Ox Securities
Australia|5-10 years| Benchmark A|https://www.oxsecurities.com/
Website
Rating Index
Benchmark
Speed：A
Slippage：A
Cost：A
Disconnected：B
Rollover：B
Contact
Licenses
Single Core
1G
40G
Contact number
+61 2 7202 6730
Other ways of contact
Broker Information
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Ox Securities Pty Ltd
Ox Securities
Australia
Pyramid scheme complaint
Expose
Check whenever you want
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The AustraliaASIC regulation (license number: 438402) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
WikiFX Data provide| Benchmark | A |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from zero |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $3.5 |
| Benchmark | A |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from 1.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | A |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from 1.0 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Ox Securities · Company Summary
| Ox Securities Review Summary in 10 Points | |
| Founded | 2013 |
| Registered Country/Region | Australia |
| Regulation | ASIC (exceeded) |
| Market Instruments | Forex, Commodities, Indices, Cryptocurrency CFDs |
| Demo Account | Available |
| Leverage | 1:500 |
| EUR/USD Spread | From 0.0 pips |
| Trading Platforms | MT4, MT5 |
| Minimum Deposit | 0 |
| Customer Support | Email, Phone, Live chat |
What is Ox Securities？
Ox Securities is a multi-asset broker that was established in 2013. It provides traders with access to Forex (foreign exchange), Indices, Commodities, Stocks, and Cryptocurrencies through Contracts for Difference (CFDs).
Pros & Cons
| Pros | Cons |
| • Wide range of trading instruments | • Exceed the business scope regulated by ASIC |
| • Various account types | • Limited customer support options |
| • MT4 & MT5 trading platform | • Limited trading tools |
| • Multiple account funding and withdrawal options | |
| • No deposit fees | |
| • No minimum deposit requirement |
Is Ox Securities Legit？
Ox Securities has years of experience in the industry and is regulated by ASIC, which can suggest a level of stability and knowledge. However, it is important to note that Ox Securities exceeds the business scope regulated by ASIC. While this may indicate that they offer a wide range of financial instruments to their clients, it also raises potential concerns regarding regulatory oversight.
Market Instruments
Users of Ox Securitieshave access to market instruments including Forex, cryptocurrencies, indices and commodities.
Forex trading involves the buying and selling of different currencies in pairs. Traders can engage in trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs.
Moreover, Ox Securities allows clients to trade cryptocurrencies, which is a digital or virtual currencies that use cryptography for secure transactions and control the creation of new units
Furthermore, indices are also available in Ox Securities platforms. It represents a statistical measure of the performance of a specific group of assets, such as stocks, bonds, or commodities.
Finally, clients can choose to participate in commodities contracts. OX Securities provides a flexible and easy way to participate in some of the worlds most popular commodities products, including energy and precious metals.
Accounts
Demo Account: Ox Securities provides a non-expiring demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Ox Securities offers a total of 3 account types: Standard Account, Pro Account and Swap Free Account.
With Ox Securities, traders can open an account and begin trading without the requirement of an initial deposit. However, we should realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Leverage
Ox Securities provides a high leverage ratio of 1:500 for all types of trading accounts. Such a high leverage ratio offers the potential for substantial gains on even small price movements. However, it's important to note that trading with high leverage also comes with increased risk.
Spreads & Commissions
Ox Securities offers different types of trading accounts, each with its own specific features and cost structure.
The standard account and swap free accounts have spreads starting from 1.0 pip. These accounts do not charge any commission, which can be beneficial for traders who prefer to avoid additional transaction costs.
The pro account is designed for more experienced traders and offers a tighter spread starting from 0.0 pips. However, the pro account does have a commission structure of $3.5 per 100,000 units traded.
Trading Platforms
Ox Securities provides traders with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platform. MetaTrader 4 (MT4) is available on Windows, Mac, iOS, Android and Linux devices while MetaTrader 5 (MT5) is available on Windows, Mac, iOS and Linux devices.
MT4 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs).
MT5 as an upgrade to its successful MT4 platform, providing a wider range of market analysis tools and access to additional exchange markets. With all the necessary tools for fundamental and technical analysis, including custom indicator development, the platform is a complete suite.
Ox Securities also offers mobile versions for iOS and Android, allowing traders to access their accounts on-the-go.
Trading Tools
Ox Securities provides a range of trading tools to help its clients in their trading activities.
The VPS service allows you to run Expert Advisors or automatic algorithm strategies on a remote server 24 hours a day.
The economic calendar allows traders to keep track of important upcoming events that can affect the markets.
Deposits & Withdrawals
Clients can deposit funds via Visa and Mastercard, FasaPay, bank transfers, UnionPay, local funding options, Interac, Skrill, Neteller, and Crypto. Ox Securities boasts zero fees for deposits. Moreover, there is no minimum deposit requirement, allowing traders the flexibility to start trading with the amount they are comfortable with.
While to withdraw funds from your Ox Securities trading account, log in to the secured client portal using your email address and password. Once logged in, navigate to the Deposit & Withdrawal section and select “Withdraw Funds” from the drop-down menu. However, specific information regarding withdrawal fees is not provided. For accurate details about withdrawal fees, it is recommended to refer to the broker's website or contact their customer support.
Deposit
Withdrawal
Customer Service
Customers can reach out to Ox Securities through various channels to address their queries and concerns as below:
Phone:
Australia: +61 2 7202 6730
Global: +1 (213) 459 3544
Email: service@oxsecurities.com
Beside of this, Ox Securities also provides real-time live chat support.
Conclusion
According to available information, Ox Securities is an Australia-based brokerage firm. While the firm has significant experience in the industry and offers a range of market instruments such as Forex, cryptocurrencies, indices and commodities, it is important to consider certain factors that the dealer exceeds the business scope regulated by ASIC.
FAQs
| Q 1: | Is Ox Securities regulated？ |
| A 1: | Yes. It is regulated by Australian Securities and Investment Commission (ASIC) but exceeds the regulated business scop |
| Q 2: | Does Ox Securities offer demo accounts？ |
| A 2: | Yes. |
| Q 3: | Does Ox Securities offer the industry leading MT4 & MT5？ |
| A 3: | Yes. It offers MT4 on Windows, Mac, iOS, Android and Linux devices, MT5 on Windows, Mac, iOS and Linux devices. |
| Q 4: | What is the minimum deposit for Ox Securities？ |
| A 4: | The minimum initial deposit to open an account is $0. |
| Q 5: | Is Ox Securities a good broker for beginners？ |
| A 5: | Dealer offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. But traders should still pay attention to the abnormal regulation status of the broker and make risk management before trading. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
News
ExposureBeware of OX Securities: A Brazilian Trader's Nightmare
A Brazilian trader's funds are blocked by OX Securities, regulated by ASIC. High-risk trading outside the jurisdiction leaves the victim without $1,538.
WikiFXNewsWikiFX Review: Is it okay to invest in Ox Securities
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
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