OX Securities-Overview of Minimum Deposit, Spreads & Leverage

What is Ox Securities？

Ox Securities is a multi-asset broker that was established in 2013. It provides traders with access to Forex (foreign exchange), Indices, Commodities, Stocks, and Cryptocurrencies through Contracts for Difference (CFDs).

Pros & Cons

Is Ox Securities Legit？

Ox Securities has years of experience in the industry and is regulated by ASIC, which can suggest a level of stability and knowledge. However, it is important to note that Ox Securities exceeds the business scope regulated by ASIC. While this may indicate that they offer a wide range of financial instruments to their clients, it also raises potential concerns regarding regulatory oversight.

Market Instruments

Users of Ox Securitieshave access to market instruments including Forex, cryptocurrencies, indices and commodities.

Forex trading involves the buying and selling of different currencies in pairs. Traders can engage in trading major currency pairs such as EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs.

Moreover, Ox Securities allows clients to trade cryptocurrencies, which is a digital or virtual currencies that use cryptography for secure transactions and control the creation of new units

Furthermore, indices are also available in Ox Securities platforms. It represents a statistical measure of the performance of a specific group of assets, such as stocks, bonds, or commodities.

Finally, clients can choose to participate in commodities contracts. OX Securities provides a flexible and easy way to participate in some of the worlds most popular commodities products, including energy and precious metals.

Accounts

Demo Account: Ox Securities provides a non-expiring demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: Ox Securities offers a total of 3 account types: Standard Account, Pro Account and Swap Free Account.

With Ox Securities, traders can open an account and begin trading without the requirement of an initial deposit. However, we should realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Leverage

Ox Securities provides a high leverage ratio of 1:500 for all types of trading accounts. Such a high leverage ratio offers the potential for substantial gains on even small price movements. However, it's important to note that trading with high leverage also comes with increased risk.

Spreads & Commissions

Ox Securities offers different types of trading accounts, each with its own specific features and cost structure.

The standard account and swap free accounts have spreads starting from 1.0 pip. These accounts do not charge any commission, which can be beneficial for traders who prefer to avoid additional transaction costs.

The pro account is designed for more experienced traders and offers a tighter spread starting from 0.0 pips. However, the pro account does have a commission structure of $3.5 per 100,000 units traded.

Trading Platforms

Ox Securities provides traders with the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platform. MetaTrader 4 (MT4) is available on Windows, Mac, iOS, Android and Linux devices while MetaTrader 5 (MT5) is available on Windows, Mac, iOS and Linux devices.

MT4 is a popular and widely recognized trading platform known for its user-friendly interface and robust features. It provides advanced charting capabilities, technical analysis tools, customizable indicators, and the ability to automate trading strategies using Expert Advisors (EAs).

MT5 as an upgrade to its successful MT4 platform, providing a wider range of market analysis tools and access to additional exchange markets. With all the necessary tools for fundamental and technical analysis, including custom indicator development, the platform is a complete suite.

Ox Securities also offers mobile versions for iOS and Android, allowing traders to access their accounts on-the-go.

Trading Tools

Ox Securities provides a range of trading tools to help its clients in their trading activities.

The VPS service allows you to run Expert Advisors or automatic algorithm strategies on a remote server 24 hours a day.

The economic calendar allows traders to keep track of important upcoming events that can affect the markets.

Deposits & Withdrawals

Clients can deposit funds via Visa and Mastercard, FasaPay, bank transfers, UnionPay, local funding options, Interac, Skrill, Neteller, and Crypto. Ox Securities boasts zero fees for deposits. Moreover, there is no minimum deposit requirement, allowing traders the flexibility to start trading with the amount they are comfortable with.

While to withdraw funds from your Ox Securities trading account, log in to the secured client portal using your email address and password. Once logged in, navigate to the Deposit & Withdrawal section and select “Withdraw Funds” from the drop-down menu. However, specific information regarding withdrawal fees is not provided. For accurate details about withdrawal fees, it is recommended to refer to the broker's website or contact their customer support.

Deposit

Withdrawal

Customer Service

Customers can reach out to Ox Securities through various channels to address their queries and concerns as below:

Phone:

Australia: +61 2 7202 6730

Global: +1 (213) 459 3544

Email: service@oxsecurities.com

Beside of this, Ox Securities also provides real-time live chat support.

Conclusion

According to available information, Ox Securities is an Australia-based brokerage firm. While the firm has significant experience in the industry and offers a range of market instruments such as Forex, cryptocurrencies, indices and commodities, it is important to consider certain factors that the dealer exceeds the business scope regulated by ASIC.

FAQs

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.