OX Securities offers the trading of 10,000+ CFDs on financial instruments with no initial deposit requirement and leverage of up to 1:500. This broker, with 3 real account types [Standard, Pro, Swap Free], has a margin call level of 90% and a stop out level of 20%.
OX Securities Company Information and Regulating Authorities
OX Securities, legally known as Ox Securities Ltd, has been operating in the Forex and CFD trading space since 2013. The company's registered address is Suite 431, Beachmont Business Centre, Beachmont, Kingstown, St. Vincent and the Grenadines, with the registration number 25509 BC 2019.
OX Securities is regulated by the St. Vincent and the Grenadines Financial Services Authority (SVGFSA), which is not a top-tier regulator.
OX Securities Broker Summary of Notable Specifics
The table in this section goes through some of the important parameters in the discussed Forex broker, giving a summary of its services and operations:
Broker | OX Securities |
Account Types | Standard, Pro, Swap Free, Demo |
Regulating Authority | SVGFSA |
Based Currencies | USD, EUR, AUD, GBP, JPY, CAD, and SGD |
Minimum Deposit | $0 |
Deposit Methods | Bank Transfers, Crypto, E-Payment Systems, Credit/Debit Cards |
Withdrawal Methods | Bank Transfers, Crypto, E-Payment Systems, Credit/Debit Cards |
Minimum Order | 0.01 |
Maximum Leverage | 1:500 |
Investment Options | PAMM Account |
Trading Platforms & Apps | IRESS |
Markets | Forex, Commodities, Indices, Stocks, Crypto |
Spread | From 0 |
Commission | From $0 |
Orders Execution | Market |
Margin Call / Stop Out | 90% / 20% |
Trading Features | Economic Calendar, Glossary |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Phone, Live Chat |
Customer Support Hours | 24/5 |
What Are the Available Account Types?
OX Securities offers 3 real account types [Standard, Pro, Swap Free] that differ only in spreads and trading fees. Accounts Details:
Account Type | Standard | Pro | Swap Free |
Trading Platform | MT4/5 | ||
Initial Deposit | $0 | ||
Max. Leverage | 1:500 | ||
Min. Order Size | 0.01 | ||
Stop Out Level | 20% | ||
One Click Trading | Yes | ||
Number of Trading Instruments | 10,000+ | ||
Server Location | New York | ||
Also, a demo mode is available for each account type for experimenting and tinkering with features and tools.
Benefits and Drawbacks Worthy of Mentioning
Some of the crucial advantages and disadvantages of trading with OX Securities are mentioned here:
Benefits | Drawbacks |
Leverage Up to 1:500 Available | Regulated by a Less Stringent Authority (SVGFSA) |
Swap Free Account for Muslim Traders | No 24/7 Support |
Decent Number of Payment Solutions Accepted | - |
Fair Fees and Spreads | - |
OX Securities Broker Account Opening and Verification
Here's a step-by-step instruction to guide you through opening an account with the brokerage:
- In the official website, click on "Open Account";
- Select your country and type in your name, email address, and phone number;
- Set a strong password for your account
- Fill in the "How do you hear about us?" field;
- Verify your email through the link received in your inbox.
Now, you have an account on the brokerage's website. For verification, submit identity documents after providing the required personal details.
Trading Platforms + Links
OX Securities offers only 1 trading terminal to its clients [IRESS], provided with these features:
- Customizable interface
- Drawing objects and technical indicators for charts
- Alerts and other trading tools
- One-click trading
Access or download the platform on the web or mobile devices through these links:
OX Securities Spreads and Commissions
This brokerage has different cost structures in its various account types:
Account Type | Standard | Pro | Swap Free |
Spread | From 1 Pip | From 0 Pips | From 1 Pip |
Commission per Round Lot | $0 | $7 | $0 |
Based on our investigations, there are no other types of fees associated with this broker.
Funding and Withdrawal Methods in OX Securities
The company offers a variety of 4 payment types with several options:
- Credit/Debit Cards: VISA and MasterCard
- Cryptocurrency: Bitcoin, Ethereum, Tether, etc.
- Bank Transfers: USD, GBP, AUD, EUR, SGD, CAD, and NZD accepted
- E-payment Systems: Skrill, Neteller, PayNow, and Awepay
Copy Trading & Investment Services
Currently, OX Securities does not offer any copy trading features; however, clients can deposit their funds into PAMM accounts, which are managed by professionals, to earn passive profits.
Available Trading Markets and Assets
OX Securities provides access to more than 10,000 share CFDs and 80+ CFDs on symbols from other markets in a total of 5 asset categories:
- Forex: Major and minor pairs
- Commodities: Energies and metals
- Cryptocurrencies: BTC, ETH, LTC, and more
- Indices: 15 assets including CAC 40, DAX 30, Dow Jones, and so on
- Stocks: from NASDAQ, NYSE, HKE, LSE, and other exchanges
OX Securities Bonuses and Promotional Offers
As of the time of writing, the brokerage does not offer any specific bonuses or promotions. This page will be updated in case of any changes in this regard.
OX Securities Broker Support Contact Methods and Working Hours
The company answers to clients' and users' inquiries via 3 channels:
- Email: service@oxsecurities.com
- Phone: +12134593544
- Live Chat: Available on the website
Support is available 24 hours daily, 5 days a week (Monday to Friday). While the broker claims to provide live chat support, we could not get in touch with any human agents during our attempt; the chat is only hosted by a bot.
Which Countries Are Restricted?
While OX Securities accepts clients from many countries worldwide, there are some restrictions. Based on the gathered information, the following countries are restricted due to regulatory or legal reasons:
- United States
- North Korea
- Iran
- Syria
- Russia
- Ukraine
- Lebanon
- Somalia
- Serbia
- And so on
How Does OX Securities Fare in Terms of Trust Scores?
To gauge the reputation of the broker, let's look at some trust scores and reviews from various platforms. OX Securities' Scores on REVIEWS.io and Other Sources:
- Trustpilot: 4.3/5 with more than 460 user ratings
- io: 1.2/5 based on 180+ reviews
- ScamAdviser: 100/100 Trustscore given by the website
Education Materials
OX Securities offers educational articles, videos, and other materials to some extent:
- Articles on financial markets, including trading strategies, Forex, CFDs, and other concepts
- How To Videos in several categories [Client Portal, IB Portal, PAMM Portal, Account Opening, Educational]
- Information focused on cybersecurity and scams
- A glossary consisting of technical terms and words sorted in alphabetical order
Conclusion and Final Words
OX Securities charges a $7 per lot commission on Pro accounts, in exchange for lower spreads starting from 0 pips. This broker has mixed evaluation ratings and user reviews, with a 4.3/5 on "Trustpilot", a 1.2/5 on "REVIEWS.io", and 100/100 from "ScamAdviser".