Ox Securities is a forex broker established in 2013 that claims to offer a premium trading experience, integrity, honesty, and transparency. The brokerage provides a choice of 80 CFDs for trading through the industry standard MT4 forex platform. The company also claims to use a straight-through processing (STP) model to fulfill customer orders, which ensures transparency and low transaction costs. Through this model, order execution speed is significantly improved, offering tight spreads. The company says it connects traders with the world’s leading liquidity providers and brokerage channels, increasing the liquidity of retail clients to that of institutional clients.
The oxsecurities.com website is owned and operated by the Ox Securities group of companies. Ox Securities Pty Ltd is authorized by the Australian Securities and Investments Commission (ASIC) under license number 438402. In addition, Ox Securities Limited (SV) is registered in St Vincent and the Grenadines.
Ox Securities offers 3 different types of accounts that differ mainly in spread offered. All three accounts include leverage up to 500:1, have no initial deposit requirement and provide a minimum lot size of 0.01.
Standard Account – No commissions are charged on this account and spreads start at 1.0 pips. The company recommends this account for novice traders who don’t want to deal with commission costs, as well as long-term traders who don’t trade regularly. The stop out level is set to 20%, which means that the broker automatically closes positions when the equity is below 20% of the required margin.
Pro Account – This account is designed for day traders and scalpers who want to minimize their costs, as frequent trading means additional costs that are paid when opening and closing a position. The Ox Securities Pro account offers raw spreads that start at 0.0 pips, but at the expense of a commission of USD 7.00 per lot traded (USD 3.50 per open and close). Stop out level for this account is 20%.
Swap-Free Account – This account is the same as the Standard account, with the main difference being the absence of overnight charges such as interest rate swaps. Ox Securities claims that they do not use alternative fees in lieu of swaps unlike other brokerages that apply an administration fee.
Ox Securities provides CFD trading on 80 assets divided into the following categories:
Currency Pairs – Ox Securities does not provide more specific information about the currency pairs it offers without opening an account.
Indices – 15 CFDs are available on major indices such as ASX200 and DAX40. The maximum leverage here is 1:100.
Commodities – You can trade CFDs on Light Crude Oil and Brent Oil with a leverage of 1:100.
Cryptocurrencies – CFDs on the most traded cryptocurrencies such as BTC, ETH, etc. The leverage here is 1:5.
Ox Securities offers one of the most widely used trading platforms – MetaTrader 4 (MT4). MT4 is considered the standard in the forex industry and is an extremely popular and easy-to-use platform that has good functionality for different types of users, whether they are beginners or advanced. The terminal guarantees fast execution speed and offers algorithmic trading and expert advisors for scalping traders. MT 4 is available for Windows, macOS, iOS, Android and Linux.
Ox Securities has no minimum deposit when using its platform. Whether you deposit into a standard account or a professional account, there is no minimum amount. There are various options for depositing funds – credit/debit card, bank transfer, e-wallets such as Skrill, Neteller, China Union Pay, AliPay, etc. The brokerage claims that it does not charge any fees for deposits and withdrawals.