WikiFX Broker Assessment Series | Is OXOUR Reliable?

In this article, we will look in-depth at OXOUR, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

About OXOUR

OXOUR is a relatively new entrant to the online trading scene having been founded in 2020 with its headquarters in Saint Vincent and the Grenadines. OXOUR specializes in offering forex trading, allowing users to engage in the dynamic and expansive forex market. Forex trading on this broker provides traders with the opportunity to participate in the buying and selling of currency pairs.

Is OXOUR Legit？

OXOUR is not a regulated broker. No regulatory institution can hold this broker accountable. Investing in an unregulated broker is risky for your trading journey.

Trading Platforms

OXOURs trading platform is centered around MT5, a powerful and versatile platform that caters to the diverse needs of traders. MT5 is renowned for its advanced features, providing a comprehensive trading environment for various financial instruments.

Minimum Deposit & Account Types

OXOUR offers a range of meticulously designed account types to cater to the diverse needs and preferences of traders.

• Mini Account

  Ideal for beginners or those looking to test the waters, the Mini Account requires a minimum deposit ranging from $10 to $1000. Traders enjoy spreads ranging up to 3 PIP, accommodating small-scale trades with a minimum trade size of 0.01 Lot. The account provides a generous maximum leverage of 1:400, allowing for amplified positions. Hedging is permitted, and traders benefit from a commission-free structure, fostering a cost-effective introduction to the world of forex trading.

• Premium Account

  Designed for more seasoned traders, the Premium Account demands a minimum deposit of $5000 and above. Offering tighter spreads ranging up to 2 PIP, this account maintains a minimum trade size of 0.01 Lot. The maximum leverage is set at 1:200, providing a balanced approach to risk. Hedging is allowed, and similar to the Mini Account, the Premium Account boasts a zero-commission structure, ensuring that traders can fully capitalize on their investments.

• ECN Pro Account

  For traders seeking enhanced trading conditions, the ECN Pro Account requires a minimum deposit of $1000 and above. With spreads as low as 1 PIP, this account type is tailored for those who prioritize tight spreads. The minimum trade size remains at 0.01 Lot, and the maximum leverage is set at 1:200. Hedging is permissible, and traders benefit from a commission-free structure, aligning with OXOUR's commitment to transparent and accessible trading.

• ECN Pro+Commission Account

  Similar to the ECN Pro Account, the ECN Pro+Commission Account demands a minimum deposit of $1000 and above, providing traders with spreads as low as 1 PIP. With a minimum trade size of 0.01 Lot and a maximum leverage of 1:200, this account type caters to those who value precision in their trades. Hedging is allowed, and a commission structure of $8 per lot is implemented, ensuring that traders pay for the services they utilize.

Spreads and Commissions (Trading Fees)

OXOUR employs a fee structure that encompasses spreads and commissions across its account types. In the Mini Account, targeted at beginners, spreads extend up to 3 PIP, introducing a cost dimension to forex trading. Noteworthy is the absence of commissions in this account type, allowing traders to manage their investments without supplementary charges.

Customer Support

OXOUR provides customer support through multiple channels, aiming to assist traders in navigating the platform and addressing any inquiries effectively. One avenue for support is through email, and users can reach out to the support team at support@oxour-limited.com. This written communication allows traders to articulate detailed questions or concerns, providing a documented form of interaction that can be useful for complex problem-solving or more comprehensive inquiries.

Conclusion

OXOUR is not a wise option for you to continue your trading journey as it is unregulated and has been given a very low score. If you still want to learn about other brokers, consider using the “Broker Inquiry” feature on the WikiFX app to confirm relevant regulatory information, trading environments, and ratings, helping you find the ideal platform for your needs.