OxisFX-Some important Details about This Broker

Note: OxisFX's official website - https://www.oxisfx.com/ is currently inaccessible normally.

Founded in 2020, OxisFX is an unregulated broker registered in the United Kingdom, offering trading in Forex, Metals, Oil, and Indices with leverage up to 1:1000 and spread from 2.0 pips on the Silver account via the MT5 platform.

Pros and Cons

Is OxisFX Legit?

The prerequisite of measuring the safety of a broker is to see if it is formally regulated.

OxisFX is currently an unregulated broker, which means that clients' funds and trading activities are completely unprotected compared to those regulated well. Even the local Financial Conduct Authority (FCA) shows nothing about it.

What Can I Trade on OxisFX?

Account Type

Leverage

OxisFX permits traders to use leverage of up to 1:500, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spread

Trading Platform

Deposit and Withdrawal

OxisFX supports deposit and withdrawal via major credit cards like VISA and MasterCard.