OXShare Review

Category: Reviews | Author: Trading Brokers | Date: October 12, 2023

In online trading, finding a brokerage firm that offers an extensive range of instruments, competitive spreads, commission-free options, and a variety of trading platforms is crucial. One such option that might have caught your attention is OXShare. As a global broker, OXShare provides access to a diverse array of over 1000 instruments spanning the forex market, indices, commodities, stocks, and cryptocurrencies. In this article, we will conduct a thorough review of OXShare, examining key factors that can help you determine its reliability and trustworthiness as a broker. By the end of this review, you will have a well-informed perspective on whether OXShare is the right choice for your trading needs. Let’s begin this exploration.

Pros & Cons

  • Provides free daily analysis and educational resources
  • Offers a user-friendly and secure website and mobile app
  • Offers a diverse range of tradable instruments
  • Traders benefit from low spreads and zero commissions on most accounts
  • Imposes high minimum deposit requirements for certain account types
  • Customer support options are limited to email and phone
  • Lacks regulation by reputable authorities like ASIC or FCA
  • Does not offer popular platforms like MT4 or cTrader

Summary

OXShare Review

OXShare Review

OXShare is a global broker that provides access to over 1000 instruments across various markets, including forex, indices, commodities, stocks, and cryptocurrencies. OXShare offers low spreads, zero commission, free daily analysis, and a range of trading platforms, such as MT5 and Web Trade. It is regulated by the FSA of Saint Vincent and the Grenadines, the IFC of St. Lucia, and the Mozambique GOV. The broker has three types of accounts to suit different trading needs and preferences: Standard, Classic, and VIP. Its leverage ranges from 1:100 to 1:500 depending on the account type and the instrument. The spread varies from 0.5 pips to 0.0 pips depending on the account type and the market conditions.

OXShare supports various funding methods for depositing and withdrawing money from the trading account. These include bank transfers, credit/debit cards, e-wallets, crypto, and exchanges. Most of these methods are free, and instant, and support USD currency. The only exception is bank transfer, which has a fee of 0.5% and takes 3-5 working days to process. The broker has some advantages and disadvantages that clients should consider before choosing it as their broker.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

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

Regulation

OXShare is a global broker that offers forex and CFD trading on various instruments, such as indices, commodities, stocks, and cryptocurrencies. OXShare is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, with registration number 16541. The FSA is a statutory body responsible for the regulation and supervision of non-bank financial institutions in Saint Vincent and the Grenadines. The FSA requires brokers to comply with certain financial and operational standards, such as maintaining adequate capital, submitting periodic reports, and conducting audits. However, the FSA is not a reputable or well-known regulator in the industry, and its oversight and enforcement are not very strict or effective. OXShare is also registered by the International Finance Corporation (IFC) in St. Lucia, with registration number 001012, and by the Mozambique GOV as a financial broker, with registration number 1019507782. These registrations do not imply any regulatory status or protection for the clients of OXShare, as they are merely legal entities that allow OXShare to operate in these jurisdictions. The IFC and the Mozambique GOV do not have any regulatory authority or responsibility for the financial services sector. Therefore, OXShare is not regulated by any reputable or trustworthy authority that can guarantee the safety and security of its clients’ funds and interests. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

OXShare offers multiple platforms for trading Forex and CFDs. These platforms include:

  • OXShare Mobile App: This platform allows traders to access over 1000 instruments, all in one place, and control their accounts without having to open a web browser.
    OXShare-Mobile-App

    OXShare-Mobile-App

  • Web Trader Platform: This platform provides quick and easy access to the market without having to download any additional software.
    OXShare Web Trader Platform

    OXShare Web Trader Platform

  • Meta Trade 5: MT5 is a powerful and versatile platform that allows traders to analyze financial quotes, execute trades, use expert advisors (EAs), and access over 1000 instruments in one place. OXShare also offers MT5 indicators, which are custom-made tools that enhance the functionality and performance of the MT5 platform.

OXShare also provides its clients with various tools and resources to support their trading activities, such as economic calendar, market analysis, news, blogs, webinars, and forex training programs. OXShare’s platforms and tools are designed to help traders of all levels and styles achieve their trading goals.

Education

OXShare is committed to providing its clients with the best education and training to help them succeed in the financial markets. OXShare offers a variety of educational resources that cover different aspects and topics of trading. Some of the educational resources that OXShare offers are:

  • Forex training program: This is a comprehensive course that covers the basics of forex trading, technical analysis, fundamental analysis, risk management, trading psychology, and trading strategies. The Forex training program is designed for both beginners and experienced traders who want to improve their skills and knowledge. The Forex training program consists of 10 modules, each with a video lesson, a quiz, and a summary. The Forex training program can be accessed from the education section of the official site.
  • Webinars: These are live online sessions that are hosted by OXShare’s experts and analysts. The webinars cover various topics, such as market outlook, trading tips, trading tools, and more. The webinars are interactive and allow the participants to ask questions and share their opinions. The webinars are scheduled regularly and can be registered from the webinars section of the official site.
  • Blogs: These are articles that are written by OXShare’s experts and analysts. The blogs cover various topics, such as market news, trading strategies, trading psychology, and more. The blogs are informative and insightful and provide useful tips and advice for traders. The blogs are updated frequently and can be read from the blogs section of the official site.
  • News: These are updates that are provided by OXShare’s experts and analysts. The news covers the latest events and developments that affect the global markets. The news provides relevant information and analysis for traders to make informed decisions. The news is updated daily and can be accessed from the news section of the official site.
  • Market analysis: These are reports that are provided by OXShare’s experts and analysts. The market analysis covers the technical and fundamental aspects of the major currency pairs, commodities, indices, stocks, and cryptocurrencies. The market analysis provides detailed charts, indicators, signals, and commentary for traders to understand the market trends and movements. The market analysis is updated daily and can be accessed from the market analysis section of the official site.

Markets

OXShare provides its clients with access to over 1000 instruments in one place, with consistently narrow spreads and a commitment to transparency and integrity. Here’s a breakdown of the markets available on OXShare:

  • Forex: OXShare provides access to over 50 currency pairs, including major, minor, and exotic pairs. Traders can benefit from tight spreads, fast execution, and high liquidity. Forex trading is available 24 hours a day, five days a week, with leverage up to 1:500.
  • Commodities: OXShare allows traders to trade on popular commodities such as gold, silver, crude oil, natural gas, and copper. The broker offers competitive pricing and low margins for commodity trading. Commodities are traded as contracts for difference (CFDs), which allow traders to speculate on the price movements of the underlying assets without owning them.
  • Stocks: Stocks: OXShare offers trading in a variety of stocks, including Alphabet Inc, Microsoft Corp, and Amazon.com Inc
  • Indices: OXShare offers trading on several major stock indices, including the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, and FTSE 100. Traders can take advantage of intraday and long-term trading opportunities in these indices. Indices are also traded as CFDs, which enable traders to profit from both rising and falling markets.
  • Cryptocurrencies: OXShare supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin. The broker offers competitive prices and rapid execution for crypto trades. Cryptocurrencies are volatile and high-risk instruments that can offer significant returns for traders who are willing to take the risk.

Accounts

OXShare provides its clients with three types of accounts to suit their trading needs and preferences. The three types of accounts are:

  • Standard Account: This account is suitable for both novice and experienced traders who want to start their journey to the global markets with a low minimum deposit of $5. The Standard account offers variable spreads starting from 0.5 pips and no commissions on forex, CFDs, and stocks. The Standard account also allows traders to use almost any trading strategy, including expert advisors (EAs) and swap-free Islamic option. The leverage for this account ranges from 1:100 to 1:300 depending on the instrument.
  • Classic Account: This account is suitable for traders who want to take advantage of tight spreads and zero commissions on forex, CFDs, and stocks. The Classic account requires a minimum deposit of $5,000 and offers variable spreads starting from 0.3 pips. The Classic account also allows traders to use almost any trading strategy, including expert advisors (EAs) and swap-free Islamic option. The leverage for this account ranges from 1:100 to 1:400 depending on the instrument.
  • VIP Account: This account is suitable for traders who want to make the most of their trading with raw spreads and low commissions on forex, CFDs, and stocks. The VIP account requires a minimum deposit of $50,000 and offers variable spreads starting from 0 pips and a small commission of $2.5 per side. The VIP account also allows traders to use almost any trading strategy, including expert advisors (EAs) and swap-free Islamic option. The leverage for this account ranges from 1:100 to 1:500 depending on the instrument.

Funding

OXShare provides its clients with several options to fund their trading accounts and withdraw their profits. The funding options available on OXShare are:

  • Skrill: Skrill is an online payment service that allows clients to transfer money to and from OXShare using their email address. Skrill is free, instant, and supports USD currency. Clients can deposit and withdraw using Skrill from the deposit/withdraw section of the official site.
  • Neteller: Neteller is another online payment service that allows clients to transfer money to and from OXShare using their email address. Neteller is free, instant, and supports USD currency. Clients can deposit and withdraw using Neteller from the deposit/withdraw section of the official site.
  • Credit/Debit Card: Credit/Debit Card is a convenient and secure way to fund and withdraw from OXShare using Visa or Mastercard. Credit/Debit Card is free, instant, and supports USD currency. Clients can deposit and withdraw using Credit/Debit Card from the deposit/withdraw section of the official site.
  • Wire Transfer: Wire Transfer is a traditional way to fund and withdraw from OXShare using bank accounts. Wire Transfer may incur fees, take up to 3 business days, and support multiple currencies. Clients can deposit and withdraw using Wire Transfer from the deposit/withdraw section of the official site.

Conclusion

In conclusion, OXShare presents an array of trading opportunities with a diverse instrument offering and competitive spreads. The availability of three account types caters to a range of traders, and the broker’s support of popular trading platform MetaTrader 5 enhances accessibility. Furthermore, OXShare provides traders with valuable educational resources to enhance their skills. The funding options are convenient and offer flexibility for clients. However, traders should be mindful of the regulatory authority, as OXShare falls under the jurisdiction of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which may not be as widely recognized as some other regulatory bodies. Evaluating your specific needs and risk tolerance is key when considering OXShare as your trading partner. However, it’s worth noting that while OXShare offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

OXShare Logo

$5

OXShare is a global broker that provides access to over 1000 instruments across various markets, including forex, indices, commodities, stocks, and cryptocurrencies. OXShare offers low spreads, zero commission, free daily analysis, and a range of trading platforms, such as MT5 and Web Trade.

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


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