OX Securities Review

Category: Reviews | Author: Trading Brokers | Date: September 20, 2023

If you are looking for a broker that can offer you a wide range of CFDs across different asset classes, you might want to consider OX Securities. This is a global broker that has been operating since 2013 and aims to deliver competitive trading conditions with transparency and fairness. However, before you decide to open an account with OX Securities, you should read this article carefully. In this article, we will review OX Securities based on the following factors: regulation, platforms and tools, education, markets, accounts, and funding.

Pros & Cons

  • OX Securities is regulated by the Australian Securities and Investments Commission (ASIC), which provides traders with a level of protection
  • OX Securities offers competitive trading fees and spreads, making it an attractive option for traders
  • OX Securities offers multiple funding options, making it easy for traders to deposit and withdraw funds
  • OX Securities offers a diverse range of products, including forex, indices, commodities, and cryptocurrencies
  • OX Securities is known for its honesty and transparency, which is a positive attribute for traders
  • OX Securities offers limited educational resources, which may not be suitable for beginner traders
  • OX Securities offers limited research tools, which may not be suitable for traders who rely heavily on research and analysis
  • OX Securities does not have a social trading or copy trading feature
  • Does not accept clients from some countries, such as the US, Canada, Japan, Iran and North Korea.

Summary

Ox Securities Review

Ox Securities Review

OX Securities is a global broker that offers traders access to CFDs across various markets, such as Forex, Indices, Commodities, Stocks, and Cryptocurrencies. The company was established in 2013 and claims to provide consistently tighter spreads with integrity and honesty. OX Securities is regulated by the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission (ASIC), which are reputable regulators that impose strict rules and standards on the brokers they oversee.

OX Securities also holds client funds in segregated accounts with top-tier banks and provides negative balance protection to its customers. It provides its clients with two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker also has a feature called OX Invest, which allows traders to follow experienced traders with proven historical track records and invest in their strategies.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

OX Securities is regulated by two reputable authorities: the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investments Commission (ASIC). The VFSC is the financial regulator of Vanuatu, a small island nation in the South Pacific. The VFSC grants licenses to financial service providers, such as brokers, banks, insurers, and investment firms. The VFSC requires licensed brokers to comply with certain rules and standards, such as maintaining a minimum capital of 50,000 USD, keeping client funds in segregated accounts, submitting regular reports, and adhering to anti-money laundering and counter-terrorism financing policies. The VFSC also provides a dispute resolution mechanism for clients who have complaints against licensed brokers. OX Securities holds a VFSC license under the name OX Capital Markets Ltd with the license number 40202.

The ASIC is the financial regulator of Australia, one of the largest and most developed economies in the world. The ASIC regulates and supervises various sectors of the financial industry, such as securities, derivatives, insurance, banking, and superannuation. The ASIC imposes strict rules and standards on the brokers it regulates, such as maintaining a minimum capital of 1 million AUD, keeping client funds in segregated accounts with top-tier banks, providing negative balance protection, ensuring fair and transparent trading practices, and participating in an external dispute resolution scheme. The ASIC also has the power to enforce the law and take action against misconduct and fraud. OX Securities holds an ASIC license under the name OX Securities Pty Ltd with the license number 001283138. By being regulated by both the VFSC and the ASIC, OX Securities demonstrates its commitment to providing a safe and secure trading environment for its clients. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

OX Securities provides its clients with two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These are popular and widely used platforms that offer advanced trading features, such as multiple order types, technical analysis tools, custom indicators, automated trading systems, market news, and more.

MT4 & MT5 Platforms

MT4 & MT5 Platforms

The MetaTrader 4 (MT4) platform is one of the world’s most popular online trading terminals for financial markets. It is a user-friendly and customizable platform that supports various trading styles and strategies. MT4 allows traders to trade in more than 60 different foreign exchanges, indices, commodities, stocks, and cryptocurrencies with OX Securities. MT4 also has a built-in programming language (MQL4) that enables traders to create their own indicators, scripts, and expert advisors (EAs) for automated trading.

Advancing to the MetaTrader 5 (MT5), the latest version of the MetaTrader platform that offers more features and capabilities than MT4. MT5 supports more markets, such as Forex, Shares, Metals, Commodities, Indices, and Cryptocurrencies with OX Securities. MT5 also has a more advanced programming language (MQL5) that allows traders to create more sophisticated indicators, scripts, and EAs for automated trading. MT5 also has a built-in economic calendar, market depth, and hedging mode. OX Securities also offers a web-based platform that is accessible from any browser and device, as well as mobile trading apps for iOS and Android devices that allow traders to manage their accounts and trade on the go.

Some of the tools that OX Securities offer to their clients to help traders to enhance their trading experience and performance with OX Securities are:

  • Economic Calendar: This is a tool that displays the dates and times of important economic events and indicators that can affect the markets. Traders can use this tool to plan their trades and anticipate market movements based on the expected impact of the events.
  • Market News: This is a tool that provides traders with the latest news and updates from the financial markets, such as currency movements, market trends, analysis, and forecasts. Traders can use this tool to stay informed and make informed decisions based on the current market conditions.
  • Trading Signals: This is a tool that provides traders with buy and sell signals based on technical analysis and indicators. Traders can use this tool to follow the signals or use them as a reference for their own trading strategies.
  • Trading Calculators: This is a tool that helps traders calculate various trading parameters, such as margin, pip value, swap, profit and loss, and more. Traders can use this tool to manage their risk and optimize their trading performance.

Education

OX Securities has a dedicated education section on its website that provides traders of all levels with a variety of education resources that can help them to enhance their trading experience and performance and offers various learning resources for traders of all levels. These include articles, videos, webinars, ebooks, courses, and tutorials that cover topics such as trading basics, strategies, analysis, risk management, and more. OX Securities also provides a demo account that allows traders to practice their skills and test their strategies with virtual funds before risking real money. Some of the education resources that OX Securities offers are:

  • Video Tutorials: These are short videos that teach traders how to use the trading platforms that are offered by OX Securities, such as MetaTrader 4 and MetaTrader 5. The videos explain the features and functions of the platforms, such as charts, indicators, order types, market news, and account management.
  • Market Commentary: These are daily articles that provide traders with the latest news and updates from the financial markets, such as currency movements, market trends, analysis, and forecasts. The articles also give traders insights and tips on how to trade effectively in different market conditions.
  • Economic Calendar: This is a tool that displays the dates and times of important economic events and indicators that can affect the markets. Traders can use this tool to plan their trades and anticipate market movements based on the expected impact of the events.
  • MT4 and MT5 Video Tutorials: These are comprehensive courses that teach traders how to use the MetaTrader 4 and MetaTrader 5 platforms in depth. The courses cover topics such as installation, navigation, customization, indicators, expert advisors, scripts, backtesting, optimization, and more.
  • Trading Education Articles: These are in-depth articles that cover various aspects of trading, such as trading psychology, risk management, technical analysis, fundamental analysis, trading strategies, and more. The articles are written by experienced traders and educators who share their knowledge and experience with the readers.

Markets

Markets are the different asset classes that traders can trade with OX Securities. OX Securities offers a wide range of CFDs across various markets, such as Forex, Indices, Commodities, Stocks, and Cryptocurrencies. CFDs are contracts for difference that allow traders to speculate on the price movements of the underlying assets without owning them. CFDs offer several advantages, such as low entry costs, high leverage, and access to diverse markets. Traders can also access these markets from any of the platforms that OX Securities provides, such as MetaTrader 4, MetaTrader 5, web-based platforms, or mobile apps. Some of the markets that OX Securities offers are:

  • Forex: This is the market for trading foreign exchange currency pairs, such as EUR/USD, GBP/JPY, AUD/NZD, and more. Forex is the largest and most liquid market in the world, with an average daily turnover of over 6 trillion USD. Forex trading involves buying one currency and selling another, with the aim of profiting from the fluctuations in their exchange rates. OX Securities offers over 60 forex pairs to trade with tight spreads and fast execution.
  • Indices: This is the market for trading baskets of stocks that represent a specific sector, region, or economy, such as S&P 500, FTSE 100, Nikkei 225, and more. Indices are popular instruments for traders who want to diversify their portfolios and gain exposure to the performance of a broad market. OX Securities offers over 20 indices to trade with low margins and commissions.
  • Commodities: This is the market for trading physical goods that are essential for the production and consumption of various industries and sectors, such as metals, energy, and agricultural products. Commodities are influenced by factors such as supply and demand, weather, geopolitics, and economic cycles. OX Securities offers over 15 commodities to trade with competitive pricing and leverage.
  • Stocks: This is the market for trading shares of companies that are listed on stock exchanges, such as Apple, Amazon, Tesla, and more. Stocks are affected by factors such as earnings reports, news events, mergers and acquisitions, and market sentiment. OX Securities offers over 100 stocks to trade with low commissions and high liquidity.
  • Cryptocurrencies: This is the market for trading digital currencies that are based on blockchain technology, such as Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrencies are decentralized and peer-to-peer systems that operate independently of central authorities or intermediaries. Cryptocurrencies are volatile and speculative instruments that offer high returns and risks. OX Securities offers over 10 cryptocurrencies to trade with tight spreads and leverage.

Accounts

OX Securities provides three different account types for its clients: Standard, Pro, and Swap Free. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits. The main features of each account type are as follows:

  • Standard Account: This account type is suitable for discretionary and swing traders who prefer zero commission and wider spreads. The trading platform is MetaTrader 4 or 5, and the spreads start from 1.0 pips. There is no minimum deposit requirement, and the leverage is up to 1:500. The server location is New York, and the minimum lot size is 0.01. The trading instruments include over 80 products across various markets. The stop-out level is 20%, and one-click trading is available. All trading styles are allowed, and there is no order distance restriction. The programming language is MQL4 or MQL5.
  • Pro Account: This account type is popular among day traders and scalpers who prefer low commission and tight spreads. The trading platform is MetaTrader 4 or 5, and the spreads start from 0.0 pips. The commission is $3.5 per lot per side, and there is no minimum deposit requirement. The leverage is up to 1:500, and the server location is New York. The minimum lot size is 0.01, and the trading instruments are the same as the Standard Account. The stop-out level is 20%, and one-click trading is available. All trading styles are allowed, and there is no order distance restriction. The programming language is MQL4 or MQL5.
  • Swap Free Account: This account type is designed for those who cannot pay or receive interest for religious reasons. It follows the Islamic principles of no swap or rollover charges on overnight positions. The trading platform is MetaTrader 4 or 5, and the spreads start from 1.0 pips. There is no commission or minimum deposit requirement. The leverage is up to 1:500, and the server location is New York. The minimum lot size is 0.01, and the trading instruments are the same as the Standard Account. The stop-out level is 20%, and one-click trading is available. All trading styles are allowed on the Islamic account, and there is no order distance restriction. The programming language is MQL4 or MQL5.

OX Securities also provides non-expiring demo accounts for practice and strategy testing for all live and funded clients. To open an account with OX Securities, you need to follow these steps:

  • Visit their official website and click on the “Open Live Account” button on the top right corner.
  • Fill in your personal details, such as your name, email, phone number, country of residence, and preferred account type.
  • Verify your identity and address by uploading a copy of your passport or national ID card and a proof of residence document, such as a bank statement or utility bill.
  • Fund your account using one of the available payment methods, such as credit/debit card, wire transfer, Skrill, Neteller, or Bitcoin.
  • Download and install the MetaTrader 4 trading platform (MT4) from their website or from the App Store or Google Play Store for mobile devices.
  • Log in to your MT4 account using the credentials provided by OX Securities via email.
  • Start trading on the global markets with OX Securities.

Funding

OX Securities supports various methods for funding and withdrawing money from trading accounts. These include bank wire transfers, credit/debit cards (Visa, Mastercard), e-wallets (Skrill, Neteller), and cryptocurrencies (Bitcoin). The broker does not charge any fees for deposits or withdrawals, but some third-party fees may apply depending on the method used. The processing time for deposits is usually instant or within one business day, while the processing time for withdrawals is usually within one or two business days. Some of the funding methods that OX Securities offers are:

  • Bank Wire Transfer: This is a method of transferring money from one bank account to another. This method is secure and reliable, but it may take longer and incur higher fees than other methods. OX Securities accepts bank wire transfers in USD, EUR, GBP, AUD, and NZD. The minimum deposit amount is $100 and the minimum withdrawal amount is $50. The processing time for deposits is within one business day and the processing time for withdrawals is within two business days.
  • Credit/Debit Cards: This is a method of using a card issued by a bank or a financial institution to pay for goods or services. This method is convenient and fast, but it may have some limitations and restrictions depending on the card provider. OX Securities accepts credit/debit cards from Visa and Mastercard in USD, EUR, GBP, AUD, and NZD. The minimum deposit amount is $100 and the minimum withdrawal amount is $50. The processing time for deposits is instant and the processing time for withdrawals is within one business day.
  • E-Wallets: This is a method of using an online service that allows users to store and transfer money electronically. This method is easy and flexible, but it may require users to create an account and verify their identity with the service provider. OX Securities accepts e-wallets from Skrill and Neteller in USD, EUR, GBP, AUD, and NZD. The minimum deposit amount is $100 and the minimum withdrawal amount is $50. The processing time for deposits is instant and the processing time for withdrawals is within one business day.
  • Cryptocurrencies: This is a method of using a digital currency that is based on blockchain technology. This method is decentralized and anonymous, but it may involve high volatility and risk. OX Securities accepts cryptocurrencies from Bitcoin in BTC. The minimum deposit amount is 0.01 BTC and the minimum withdrawal amount is 0.01 BTC. The processing time for deposits is within 15 minutes and the processing time for withdrawals is within one business day.

Conclusion

In Conclusion, OX Securities is a regulated broker that offers CFD trading on various markets with two popular platforms: MT4 and MT5. The broker also has an education section that helps traders improve their skills and knowledge. The broker offers three types of accounts with different trading conditions and funding methods. The broker claims to offer competitive trading conditions, such as tight spreads, low commissions, fast execution, and low slippage. However, it’s worth noting that while OX Securities offers these strong features, there are other brokerages with longer track records in the industry that might be worth considering as alternative options. For those seeking additional choices, we encourage you to explore our trading broker reviews.

Ox Securities Logo

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OX Securities is a global broker that offers CFD trading on various markets, such as Forex, Indices, Commodities, Stocks, and Cryptocurrencies. The broker is regulated by the VFSC and the ASIC, which provide security and protection for the clients' funds and rights. The broker provides two trading platforms: MT4 and MT5, which offer advanced trading features.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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