Ox Securities Review Of 2025

Fees

Spreads

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

Ox Securities Spreads	EUR/USDAUD/USDEUR/JPYGBP/USDUSD/JPYAUD/JPYEUR/GBPUSD/CADUSD/SGD	EUR/USDAUD/USDEUR/JPYGBP/USDUSD/JPYAUD/JPYEUR/GBPUSD/CADUSD/SGD	EUR/USDAUD/USDEUR/JPYGBP/USDUSD/JPYAUD/JPYEUR/GBPUSD/CADUSD/SGD	EUR/USDAUD/USDEUR/JPYGBP/USDUSD/JPYAUD/JPYEUR/GBPUSD/CADUSD/SGD	EUR/USDAUD/USDEUR/JPYGBP/USDUSD/JPYAUD/JPYEUR/GBPUSD/CADUSD/SGD
	0.09	0.30	0.44	0.49	0.36
	0.30	0.50	0.50	0.60	0.50
	0.30	0.40	0.50	0.60	0.30
	0.44	0.42	0.30	0.85	0.20
	0.17	0.30	0.68	0.59	0.24
	0.20	0.40	0.70	0.60	0.30
	0.10	0.50	0.80	0.60	0.30
	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

Commissions

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.

Swap-Free Account

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.

Lowest Spread Forex Brokers

Trading Platforms

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.

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

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:

• Fully customisable interface to tailor the trading environment.
• One-click trading for fast execution.
• Automated trading strategies through Expert Advisors (EAs).
• Availability on multiple devices including Windows, Mac, Linux, iOS, and Android.
• Live price feeds and customisable alerts to stay informed of market movements.

Note: wholesale traders registered with the online brokers ASIC branch will only have access to MT4. 

MetaTrader 5

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:

• Access to a wider range of markets and financial instruments.
• Advanced trading and analysis tools, including 21 time frames and 8 order types.
• Support for algorithmic and copy trading.
• Versions available for various operating systems, including Windows, Mac, Linux, as well as mobile platforms iOS and Android.
• Customisable market watch, live price feed on demo and live accounts, and customisable alerts.

For more information about trading platform features, you can read our full MetaTrader 4 vs MetaTrader 5 comparison.

IRESS

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:

• Tailor the platform to individual trading styles with a customisable interface
• Automate entry and exit with contingent orders
• Execute trades swiftly with one-click trading
• Access extensive drawing tools and indicators for market analysis
• Monitor real-time investment value with live portfolio updates
• Receive automatic notifications of market changes
• Manage and track orders efficiently with an integrated order pad

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.

Is Ox Securities Safe?

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.

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Regulation

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.

Reputation

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.

Reviews

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.

How Popular Is Ox Securities?

There are 480 monthly searches for Ox Securities each month on Google, making it the 64th most popular Forex Broker. Similarweb in February 2024 shows a similar story with the broker the 54th most visited, receiving 52,000 global visits.

Country	2024 Monthly Searches
India	170
United States	70
United Kingdom	30
Australia	20
Thailand	10
Japan	10
South Africa	10
Indonesia	10
Malaysia	10
Egypt	10
Brazil	10
Vietnam	10
Colombia	10
Morocco	10
France	10
Germany	10
Mexico	10
Philippines	10
Pakistan	10
Uzbekistan	10
Italy	10
Turkey	10
Algeria	10
Cambodia	10
Spain	10
Peru	10
Canada	10
Taiwan	10
Bangladesh	10
Kenya	10
Netherlands	10
Saudi Arabia	10
Ecuador	10
Nigeria	10
Singapore	10
Sri Lanka	10
Poland	10
United Arab Emirates	10
Chile	10
Jordan	10
Venezuela	10
Greece	10
Argentina	10
Switzerland	10
Dominican Republic	10
Portugal	10
Austria	10
Cyprus	10
Ghana	10
Botswana	10
Bolivia	10
Sweden	10
Hong Kong	10
Ethiopia	10
Uganda	10
Costa Rica	10
Tanzania	10
Ireland	10
Panama	10
New Zealand	10
Mauritius	10
Mongolia	0

2024 Average Monthly Branded Searches By Country

India	170 1st
United States	70 2nd
United Kingdom	30 3rd
Australia	20 4th
Thailand	10 5th
Japan	10 6th
South Africa	10 7th
Indonesia	10 8th
Malaysia	10 9th
Egypt	10 10th

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Deposit And Withdrawal

Ox Securities facilitates financial transactions with straightforward funding process, with no minimum deposit and no deposit fees.

What is the Minimum Deposit at Ox Securities?

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.

Account Base Currencies

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.

Deposit Options and Fees

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.

Withdrawal Options and Fees

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.

Product Range

Ox Securities offers retail traders access to over 10,000+ CFDs across various asset classes including forex, commodities, indices, cryptos, and shares.

CFDs

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.

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.

Customer Service

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.

• 24-hour contact, 5 days a week
• Live chat
• Email
• Phone
• Postal Address

Verdict

Ox Securities offers 24/5 customer support via live chat, email, phone, and postal address, aimed at providing timely assistance for trader enquiries.

Research and Education

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.

Final Verdict on Ox Securities

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.

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