Ox Securities review

Our rating

Ox Securities scores 6.5 out of 10 on our table. That figure is an average of six things we assess, and it hides the shape of the broker: its strongest area is costs at 8.3, its weakest is education at 3.0. Whether that gap matters depends entirely on which of the six you were going to use.

Regulation and safety7.5/10

Ox Securities lists its authorisations as Entity/jurisdiction dependent. Those are offshore authorisations. Offshore licensing is not a synonym for dishonest, but it does mean lighter reporting, higher permitted leverage and, usually, no compensation scheme - the trade is protection for flexibility.

The licence that matters to you is the one held by the entity that opens your account, and at a multi-entity broker that is decided by your country of residence. It is a two-minute check and it is the only way to confirm that the firm taking your deposit is the firm named on the website.

Client money is held separately from the firm's own funds, with top-tier global banks - so that if the business fails, client balances are not part of what its creditors can reach. There is no negative balance protection on our record. On a leveraged product that is the most consequential line on this page: a fast gap can take the account below zero and leave you owing the difference.

No statutory compensation scheme stands behind it. If the firm fails, recovering client money is an insolvency process rather than a claim - which is the practical difference between an offshore licence and a tier-one one.

Ox Securities does not accept clients from Australia, United States, North Korea, Iran, Syria, Cuba, Sudan, Myanmar, Zimbabwe, Russia, Crimea and jurisdictions where services are unlawful. Restriction lists move, so confirm your own country before you spend time on an application.

What it costs to trade8.3/10

Ox Securities advertises spreads from 0.0 pips. Commission is $7 round turn, Pro, charged on top of the spread rather than instead of it - which is the normal arrangement on a raw account and the reason its quoted spread can be so low. Put the two together and a EUR/USD round turn works out at variable, which is the figure worth comparing against other brokers.

An advertised minimum is the best price a broker has ever quoted, not the price you will get. On our record its measured average on EUR/USD is variable; live average not published, and variable; live average not published on GBP/USD. Spreads are variable, so they move with liquidity and widen around releases and the daily rollover.

Positions held overnight accrue a financing charge, which is irrelevant to a day trader and compounds for anyone holding for weeks. Currency conversion applies where your account and the instrument use different currencies, which is a charge worth avoiding by funding in the currency you actually trade.

Leave the account dormant and it costs you: $0 account keeping. That is the charge most often missed when comparing brokers, and it matters disproportionately if you trade seasonally or infrequently.

Platforms and tools8.3/10

Ox Securities runs MetaTrader 4, MetaTrader 5, IRESS, Ox Securities Mobile App. Both MetaTrader versions are available, which matters more than it sounds: an expert advisor written for MT4 will not run on MT5, so a trader arriving with existing software needs the specific version it was written for.

Automation is supported: yes. There is API access (institutional/professional connectivity available) for anyone connecting their own software. Copy trading is available through pAMM/money-management solutions, which is the alternative to writing rules yourself.

Charting runs to MT4/MT5 indicators and custom indicators. Additional tools include MetaTrader 4, MetaTrader 5, IRESS. On mobile: proprietary and MetaTrader.

Markets, leverage and execution7.1/10

Ox Securities covers Forex, Shares, Indices, Commodities, Metals, Energies, Cryptocurrencies. That comes to 10,000+ instruments in total. On the currency side specifically it lists 80+ pairs. Breadth is worth less than depth in the markets you actually trade - a hundred instruments priced well beats a thousand you will never open.

Leverage runs to 1:500 on the entity that offers most. That does not improve your expected return; it lowers the deposit a given position requires, and shortens the move needed to close you out. Whatever the headline, the number that governs your position is the margin requirement on the specific instrument - it is always lower on shares and crypto than on major currency pairs.

Execution is OTC CFD / liquidity-provider execution, routing orders to external liquidity rather than pricing them internally. Measured speed is not reliably published. Its servers sit in Equinix NY4, which is what determines latency more than any software choice.

Order types available: market, limit, stop, stop-loss, take-profit, trailing stop and MetaTrader pending orders. Stops and limits are table stakes; what separates platforms is whether the ones you rely on are there and how quickly they can be modified once a position is open.

Accounts

Account types run to Standard, Pro, Swap Free, Demo. There is no minimum deposit, so the account can be opened and tested with whatever you are comfortable risking. The smallest position it will take is 0.01 lots, which is what actually governs how precisely you can size risk on a small account.

A demo account is available, which is the cheapest way to find out whether the platform suits you. Swap-free Islamic accounts are offered. Professional classification is available for clients who qualify, which lifts leverage caps and lowers the protections that come with retail status - a trade rather than an upgrade. Opening takes fast online application.

Accounts can be denominated in Multiple currencies. Funding in the currency you trade removes a conversion charge from every position, which is a small saving repeated indefinitely.

Deposits and withdrawals

Deposits can be made by bank wire, credit/debit cards and additional payment methods. They clear in instant for supported methods.

Withdrawals go out by bank transfer, cards and supported payment methods. Expect method-dependent. Check the withdrawal routes rather than the deposit ones. They are frequently not the same list, anti-money-laundering rules usually require funds to return the way they came, and the difference only becomes apparent at the point you want your money back.

Local payment methods include region-dependent - which matters more than it looks if you are outside the broker's home market, since an international wire is slow and expensive compared with a domestic transfer.

Support and education4.8/10

Support runs 24/5, which covers the trading week but not the weekend - relevant if you hold positions through it, and particularly if you trade crypto. You can reach them by live chat, email, phone, WhatsApp, Telegram, Facebook Messenger. Live chat typically answers in within minutes. Support is offered in multilingual.

Its education is substantial - CFD modules, educational videos, trading guides, platform education and Help Centre - which is the difference between a broker that will teach you and one that will simply take the deposit. Research output covers market education, calculators and trading resources.

The company behind the brand

The company behind the brand is Ox Securities Ltd. It operates from International operation. It has been trading since 2013, so there is about 13 years of record to look at.

It is independently owned rather than part of a larger group. It is privately held, so its finances are not published the way a listed group's are. Headcount is in the Approx. 50-200 range.

You may also see it under OX Securities. Brands and legal entities rarely map one to one in this industry, and the name on the website is not always the name on the client agreement.