Ox Securities offers competitive spreads, multiple trading platforms, and accessible support, catering to traders of all levels. However, its distinct regulatory framework, supervised by ASIC and FSA, requires careful consideration.
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Ox Securities Summary
While Ox Securities is a relatively generic broker with ECN trading accounts along with MT4 and MT5 trading platforms, the broker does have 1:500 leverage and 80 Forex pairs.
Another feature we think might be of interest is the availability of the IRESS trading platform, which has DMA execution, which is ideal for shares trading. While Ox Securities does have ASIC regulation for Australian clients, you need to be a whole sale client not retail.
Open A Demo AccountVisit OX Securities
Ox Securities structures its pricing through two main account types: a Standard Account without commission fees, and a Pro Account which features raw spreads and is commission-based. Additionally, there’s a swap-free account type specifically designed for Islamic traders following Sharia law.
Standard Account Spreads
The Standard Account at Ox Securities starts with spreads from 1 pip, with an average spread of 1.19 for the EUR/USD pair. This account type and pricing structure is suitable for infrequent or beginner traders, offering a straightforward entry into forex trading without the complexity of commission fee calculations.
This setup provides a practical starting point for those new to trading or looking to trade less frequently, ensuring costs are kept clear and manageable.
Raw Account Spreads
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Ox Securities Spreads
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|---|---|---|---|---|---|
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0.09 | 0.30 | 0.44 | 0.49 | 0.36 |
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0.30 | 0.50 | 0.50 | 0.60 | 0.50 |
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0.30 | 0.40 | 0.50 | 0.60 | 0.30 |
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0.44 | 0.42 | 0.30 | 0.85 | 0.20 |
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0.17 | 0.30 | 0.68 | 0.59 | 0.24 |
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0.20 | 0.40 | 0.70 | 0.60 | 0.30 |
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0.10 | 0.50 | 0.80 | 0.60 | 0.30 |
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n/a | 0.50 | 0.40 | 0.20 | n/a |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Commission costs for Pro Accounts at Ox Securities are set at $3.50 per side for every 100k traded. This rate aligns with the common industry standard, providing a balance between competitive pricing and the provision of high-quality trading services.
While a commission rate of $3.50 per side is standard, the Lowest Commission Brokers, such as Fusion Markets, offer more competitive commission fees, starting from as low as $2.25.
The Islamic Account at Ox Securities is similar to the Standard Account but does not include overnight costs or rolling interest, complying with Islamic Sharia law that prohibits interest fees. Ox Securities distinguishes itself by avoiding the use of alternative fees instead of swaps, making it a true swap-free trading account specifically designed for Muslim traders.
Verdict
Ox Securities provides Standard, Pro, and Islamic account options, catering to a variety of traders. Average spreads are competitive, with the Pro Account offering as low as 0.09 pips for EUR/USD, and the Standard Account averaging 1.19 pips for the same pair.
Ox Securities provides a strong trading platform offering with MetaTrader 4 (MT4), MetaTrader 5 (MT5), and now IRESS available. All options are available as a desktop trading platform, webtrader, or mobile app.
| Trading Plaform | Available With OX |
|---|---|
| MetaTrader 4 | Yes |
| MetaTrader 5 | Yes |
| cTrader | No |
| TradingView | No |
| Proprietary Platform | Yes |
The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
These platforms cater to traders with varied levels of experience and trading needs, providing an environment that combines efficiency, flexibility, and advanced technological capabilities.
MetaTrader 4 is recognised globally as a leading trading platform, offering a mix of user-friendly interface, customisability, and advanced trading features. With Ox Securities, you can trade forex, commodities, indices, and crypto CFDs on MT4.
Key features include:
Note: wholesale traders registered with the online brokers ASIC branch will only have access to MT4.
MetaTrader 5 expands on the capabilities of MT4, designed as a multi-asset platform that offers access to Ox Securities selection of share CFDs in addition to MT4’s CFD range. It’s built to offer more advanced trading technologies and additional features for an enhanced trading experience.
MT5’s highlights include:
For more information about trading platform features, you can read our full MetaTrader 4 vs MetaTrader 5 comparison.
IRESS caters to traders looking to access a broad range of shares globally. It features over 10,000 securities from stock markets in Australia, Hong Kong, the UK, and the US.
Key functionalities include:
Trading Conditions
As a no dealing desk broker, Ox Securities employs a Straight-Through Processing (STP) execution model. This method ensures direct execution of trades at market rates from liquidity providers, promoting transparency and integrity. The online brokers STP framework guarantees swift execution, reducing slippage risk and negating requotes and providing efficient trading conditions.
Additionally, leveraging the Equinix NY4 data centre enhances execution speed, providing access to an extensive network of over 50 banks and liquidity providers. This setup is critical for efficient order execution and mitigating liquidity risk, making Ox Securities a reliable choice for traders prioritising speed and direct market access.
Money Managers
For money managers, Ox Securities offers solutions specifically tailored for MetaTrader 4 (MT4) users. With Ox Securities’ Multi Account Manager (MAM) and Percent Allocation Management Model (PAMM), money managers can efficiently manage client funds.
These allocations come with flexible trade allocation methods and fully customisable trading conditions. Additionally, Ox Securities provides comprehensive reporting for both money managers and clients, along with real-time rebates and the ability to add or withdraw funds without affecting overall trading activity.
Verdict
Ox Securities offers MT4, MT5, and IRESS platforms, accommodating various trader levels with features like one-click trading and advanced analysis tools.
With a trust score of just 39, Ox Securities is regarded as having an average safety level, influenced by its regulatory setup and market reputation, influenced by its distinct regulatory approach.
It’s regulated by the Australian Securities and Investment Commission for local wholesale clients, and by the FSA in St. Vincent and the Grenadines for retail clients, where protections may not be as robust as those from top-tier jurisdictions.
Ox Securities has a distinctive regulatory setup where it accepts only wholesale clients under its Australian ASIC regulation, steering retail clients towards its FSA-regulated branch in St. Vincent and the Grenadines.
This arrangement means retail traders don’t receive the same level of protection as they would with top-tier regulated brokers, such as negative balance protection and investor insurance schemes available in some regions. This difference in regulatory standards highlights the importance of understanding the protections and risks involved when choosing to trade with Ox Securities.
Note: Ox Securities do not accept traders residing in the USA.
| Ox Securities Safety | Regulator |
|---|---|
| Tier-1 | ASIC |
| Tier-2 | X |
| Tier-3 | X |
Established in 2013 and based in Sydney, Australia, Ox Securities competes against leading Australian brokers such as Pepperstone and IC Markets. In terms of online visibility, Ox Securities has approximately 320 monthly Google searches, a significantly lower than its competitors, with IC Markets and Pepperstone receiving 246,000 and 90,500 searches respectively.
This gap shows that Ox Securities faces a bit of a struggle getting noticed next to Australia’s best brokers.
Ox Securities has a TrustPilot rating of 4.2 out of 5 stars from 115 reviews, showing that customers are generally satisfied with their trading experience. This feedback is useful for traders looking into Ox Securities’ reliability and service quality.
Verdict
Ox Securities’ overall safety is considered average, with a trust score of 39, reflecting its unique regulatory position. While under ASIC’s oversight for wholesale clients, its retail operations are regulated by the FSA in St. Vincent and the Grenadines, offering lesser protections compared to top-tier regulatory environments.
Ox Securities facilitates financial transactions with straightforward funding process, with no minimum deposit and no deposit fees.
Ox Securities requires no minimum deposit for any account type, offering straightforward access for all traders. This feature is especially beneficial for beginner traders or those wanting to try the platform without a significant financial commitment.
At Ox Securities you can choose from seven base currencies: USD, EUR, CAD, SGD, HKD, GBP, and AUD. This variety ensures that clients from different regions can select a currency that best suits their financial ecosystem, potentially reducing conversion fees and simplifying the process of funding and withdrawals.
Ox Securities supports a variety of fee-free deposit methods including debit and credit cards (Visa & MasterCard), bank transfers, e-wallets (Skrill, Neteller), cryptocurrencies, and others, ensuring a wide range of flexible and secure funding solutions for traders globally.
| Funding Method | Deposit Fees | Processing Time |
|---|---|---|
| Visa & MasterCard | $0 | Up to 1 hour |
| FasaPay | $0 | Instant |
| Bank Transfer | $0 | 1-3 Business Days |
| Union Pay | $0 | Instant |
| Local Funding | $0 | Varies by country |
| Interac | $0 | Instant |
| Skrill | $0 | Instant |
| Neteller | $0 | Instant |
| Crypto | $0 | Not specified |
Withdrawals at Ox Securities are simple and secure, done through a secure client portal. While depositing is free, traders should check the platform for details on any withdrawal fees, as these can vary by method.
Verdict
Ox Securities offers easy access to trading with no minimum deposit requirements and a range of fee-free deposit methods, accommodating traders worldwide with seven base currencies. While deposits are straightforward and free, traders should verify potential withdrawal fees.
Ox Securities offers retail traders access to over 10,000+ CFDs across various asset classes including forex, commodities, indices, cryptos, and shares.
The online brokers forex range comprises of 62 currency pairs, including major pairs ones such as AUD/USD and EUR/USD. Their selection of shares is particularly expansive, offering more than 10,000 stock CFDs such as Google and Apple.
Traders can also engage with 15 major global indices, such as the Australia 200 and S&P 500, and have a choice of two types of oil under commodities, along with three metal CFDs. In the crypto space, Ox Securities includes 6 major cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ripple.
| Asset Class | Number of CFDs | Examples |
|---|---|---|
| Forex | 62 | AUD/USD, EUR/USD, GBP/USD, etc. |
| Shares | 10,000 + | Google, Apple, Facebook, Amazon, Tesla, etc. |
| Indices | 15 | Australia 200, Nikkei 225, FTSE 100, S&P 500, etc. |
| Commodities | 2 | Brent Crude Oil, WTI Crude Oil |
| Metals | 3 | Gold, Silver, and Platinum |
| Crypto | 6 | Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ripple |
Note: Wholesale traders registered with the ASIC-regulated branch of Ox Securities face more limited financial market access with just 80 trading instruments spanning forex, indices, and commodities.
Verdict
Ox Securities offers a broad range of over 10,000 CFDs across multiple asset classes, including forex, commodities, indices, cryptos, and shares, suitable for retail traders seeking variety.
Ox Securities offers customer support 24 hours a day, 5 days a week, through various channels including live chat, email, phone, and postal address. This approach ensures traders can access assistance and resolve their queries promptly, aligning with the broker’s commitment to transparency and client satisfaction.
Verdict
Ox Securities offers 24/5 customer support via live chat, email, phone, and postal address, aimed at providing timely assistance for trader enquiries.
Ox Securities provides a basic suite of research tools and educational resources designed to support traders in making informed decisions. While the research offerings may be limited, the educational content is adequate, particularly for new traders looking to familiarise themselves with trading platforms and basic trading concepts.
Research
The research tools available at Ox Securities include Market Commentary and an Economic Calendar. These tools are aimed at helping traders stay updated with the latest market trends and economic events that could impact their trading strategies. However, compared to industry leaders, the depth and breadth of research and fundamental analysis tools are relatively constrained, which might limit advanced traders looking for comprehensive market insights.
Education
On the educational front, Ox Securities offers more substantial support. There are detailed video tutorials for both MT4 and MT5 platforms, which are excellent for traders new to these platforms or looking to explore their full capabilities.
Additionally, the Trading Education section comprises basic articles that cover foundational trading concepts. While these articles provide a good starting point for beginner traders, those seeking advanced tutorials or in-depth learning materials may find the offerings somewhat basic.
Verdict
Ox Securities makes an effort to equip traders with essential tools and knowledge through its research and education sections. However, traders requiring advanced analysis and in-depth educational materials will likely need to complement these resources with external sources to fully meet their needs.
Ox Securities delivers a competitive trading environment with its Standard, Pro, and Islamic account options, catering to both beginner and experienced traders. Its competitive spreads, especially for the Pro Account, and a range of trading platforms including MT4, MT5, and IRESS, provides a well-rounded trading experience. With a straightforward funding process, a wide selection of trading instruments, and accessible customer support, it suits a variety of trading preferences.
However, the unique regulatory landscape, with ASIC oversight for wholesale clients and FSA regulation for retail clients, requires careful consideration by traders to understand the specific protections available to them. This regulatory setup could impact the level of trust and safety perceived by potential clients, making it crucial for traders to assess their own risk tolerance and protection needs when considering Ox Securities.
The minimum deposit at Ox Securities is $0, making it an accessible choice for traders of all levels. This feature is particularly beneficial for beginners or those looking to explore the platform without a significant financial commitment.
Ox Securities offers a demo accounts exclusively on MetaTrader 4. This demo account allows traders to practice and familiarise themselves with the features and functionalities of the MetaTrader 4 platform without risking real funds. While limited to MT4, the demo account provides a risk-free environment for traders to hone their skills and test trading strategies before transitioning to live trading.
Ox Securities maintains an average safety level, with a trust score of 39, influenced by its regulatory setup and market reputation. Regulated by the Australian Securities and Investment Commission (ASIC) for local wholesale clients and the Financial Services Authority (FSA) in St. Vincent and the Grenadines for retail clients, it’s essential for traders to understand the differing levels of protection offered.
Ox Securities provides a maximum leverage of 500:1 for forex trading under FSA regulation. However, for ASIC wholesale clients, the leverage is slightly lower at 400:1. Understanding the diverse leverage options based on regulatory jurisdiction and investor status is crucial for effectively managing risk and trading strategies.
No, Ox Securities is not a scam despite its unconventional regulatory status. User reviews from current clients on TrustPilot support its credibility. Moreover, the brokerage safeguards client funds by storing them in segregated accounts within Australian banks, as highlighted in its risk warning.
In our review of Ox Securities, we focus on key factors important for traders choosing a broker. We test how quickly orders are processed and check the speed of the VPS, which is essential for traders using automated strategies. We also look at the spreads for standard accounts, both what the broker says they are and what we find in testing, to help traders understand their potential costs. For raw accounts, we look at both the raw spreads and any commissions charged. We assess how easy it is to open a trading account and examine any extra charges, like fees for deposits or withdrawals. Our goal is to provide traders with clear and honest information to help them choose the right broker.
Verdict
Fees
Trading Platforms
Safety
Funding
Product Range
Support
Market Research
Ask an Expert
I don’t understand the details of how secure or insecure my money would be as retail customer with ox securities when they use Financial Services Authority (FSA) in St. Vincent and the Grenadines?
The Financial Services Authority (FSA) of St Vincent And Grenada allows to self-regulate as long as they comply with the laws of the country. The FSA does no issue licenses for Forex trading. With no proper regulatory authority, in theory, your funds can be at greater risk if you trade with a brokers St Vincent entity, but you can take some measures to protect yourself such as making sure the broker has segregated trading account and using a broker that has a strong reputation that also has strong regulation countries with strong financial regulation such as Australia, the UK and UAE.
Does Ox Securities have an App?
You can trade using the MT4 and Mt5 trading apps if you wish to trade with your mobile