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Ox Securities is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Ox Securities accepts clients from all over the world, excluding some countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 6 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple. |
| 15 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 2 Energy CFDs | Based on Crude Oil (WTI, Brent). |
| 10000+ Stock CFDs | Based on shares of various companies around the world. |
Stock CFDs are available only on the IRESS trading platform.
Registered in Saint Vincent and the Grenadines (SVG), Ox Securities is an offshore forex broker that is not regulated by any government. The broker accepts clients from nearly all countries in the world, and allows clients to fund their accounts with crypto. A search of the SVG Financial Services Authority's corporate registry confirms that Ox Securities has been legally registered in the country since 2019.
The main thing that makes Ox Securities stand out from other forex brokers we have reviewed is the huge selection of stocks that are available for trading. With stocks from more than 10,000 companies listed on exchanges all around the world available, Ox Securities could very well be one of the best choices for stock traders out there. Among the stocks that can be traded are well-known names like Google, Netflix, Berkshire Hathaway, Tencent, and Unilever, to name just a few.
In terms of other instruments, Ox Securities offers trading in all of the most popular asset classes, including forex, crypto, commodities, and stock indices. The selection here is more in line with what is common in the industry, with for instance around 50 forex pairs and six crypto pairs available.
Ox Securities supports several different trading platforms, namely MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS. Unlike what is often the case at other brokers, however, MT4 and 5 on one side, and IRESS on the other side, actually complement each other. The way it works is that IRESS is used solely for stock trading, while MT4/5 is used for trading in all other assets. This means that traders who want access to the full range of instruments must use and familiarize themselves with both MT4/5 and IRESS.
As always with MetaTrader, the platform can be used in a downloadable version for Windows and Mac computers, as well as in a web version for use on any type of computer. IRESS, on the other hand, is only available as a downloadable desktop platform for Windows computers and as a mobile app for Apple and Android devices.
Like most forex brokers, Ox Securities offer their traders different trading accounts depending on their need. The most basic account from Ox is the Standard account, which offers spreads from 1 pip and no commissions. This is followed by the Pro account, which offers spreads from 0 pips and $7 commissions. Lastly, the broker has a Swap-Free account for Muslim traders, with spreads from 1 pip and no commissions.
Notably, none of the trading accounts have any minimum deposit. The deciding factor will then be the size of a typical trade, with those trading larger size getting a better deal when opting for the Pro account. Similarly, smaller traders who are just getting started in the markets should choose the Standard account to avoid paying more than necessary for their trades.
Ox Securities' support department can be reached via phone, email and live chat. The broker states on its website that the support team is available 24 hours a day on all trading days, and makes it clear that customer satisfaction is “the cornerstone of our growth strategy.”
In summary, we would like to reiterate that Ox Securities is an unregulated forex broker. This comes with some risks, including the risk of loss of funds if the broker for instance was to go out of business. However, there are also some benefits, including crypto funding and much higher trading leverage than what is available from “onshore” brokers. To be on the safe side, traders should always do proper due diligence before depositing money with any forex broker.
OX Securities is a extreamly fraudulent broker and a very manipulative one, a bucket shop. They do not care about their clients, they are greedy and do everything possible to ensure that you don't earn a cent.
Don't trust your money to Ox Securities. 7k AU$ sudennly went missing from my account and all they gave was just a garbage explanation. Demanded a refund but got nothing! Do not use this broker!
Funds get "erased" from trading accounts. Transparency is just a myth, and they tend to blame for everything their price feed providers instead of helping to resolve the issue and instead of taking responsibility. Online and email support blantly just doesn't exist. You can wait for a reply for weeks. If I could give a lower rating than 1 star, I would do so. Stay far-far away from Ox.
Worst broker I have ever seen. Price feed runs several min behind during the news. Orders get executed with a price where it never even was, 50-60 pips slipage on gold during news. 15-20 pips slipage during normal trading hours. Later they alternate the chart after it has been formed already. Limit orders often don't get filled. They also expand the spreads to ridiculous sizes to prevent Take Profits from being hit and Limit Orders from being reached.
Literally the worst broker company I have ever used. It's a complete scam.
Spent quite a lot of time to gather and upload all the necessary documents at my client's area just to get my application refused with a totally ridiculous reason an offshore SVG broker can give. They basically just stole my ID docs.
