London & Oxford
Pros and Cons
Pros
- Regulated by FCA
- Over 20 years of industry experience
- Established market presence in the UK
- Available trading platforms: MT4 and MT5
- Investment advisory license held
Cons
- Not undertaking any Part 4A regulated activity
- Unavailability of essential website features
- Lack of transparency in operations
- No demo accounts offered
- Limited client onboarding and investment activity
Basic Information
User Reviews
London & Oxford Overview
London & Oxford, established in 2000, is a forex broker based in the United Kingdom. The firm operates under the regulation of the Financial Conduct Authority (FCA), ensuring compliance with stringent financial standards. Their regulatory license number is 163299, adding a layer of trust and credibility to their operations. Despite being regulated, it is important to note that London & Oxford is currently not undertaking any Part 4A regulated activities, which includes onboarding new clients or marketing investment services, as indicated on the FCA Register.
As a forex broker, London & Oxford offers various trading instruments, primarily focusing on forex and CFDs. They provide access to popular trading platforms, including MetaTrader 4 and 5, which are known for their robust features and user-friendly interfaces. Customer support is available via phone and email, ensuring that traders receive timely assistance. What sets London & Oxford apart is its long-standing presence in the market and adherence to regulatory standards, although potential clients should be aware of the current limitations on new client onboarding and marketing activities.
Is London & Oxford Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds |
Is London & Oxford Regulated and How Are Client Funds Protected?
London & Oxford is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Although the broker is currently not onboarding new clients or providing regulated activities, it maintains regulatory oversight, which is crucial for investor protection. Client funds are protected through measures such as segregated accounts, ensuring that clients’ money is kept separate from the broker’s operational funds. This practice is designed to enhance fund safety and minimize risk in case of financial difficulties faced by the broker. However, potential clients should be aware of the broker’s current operational limitations and the lack of transparency regarding its services, which may affect their decision to engage with the firm.
Trading Products and Services
What trading instruments does London & Oxford offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, LTC | Varies |
London & Oxford offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different trader profiles, from beginners to experienced professionals, enabling them to implement various trading strategies. With numerous options available, traders can effectively diversify their portfolios, managing risk while capitalizing on different market conditions. The inclusion of Forex and other asset classes not only enhances trading flexibility but also supports long-term investment goals, making London & Oxford a valuable platform for adapting to evolving market dynamics.
Account Types and Trading Conditions
What Account Types and Fees Does London & Oxford Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposits, educational resources | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, reduced spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom trading solutions, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading conditions | Available to all eligible traders |
| Demo Account | New traders | Practice trading with virtual funds | Ideal for developing trading strategies |
Account Opening Process
Opening an account with London & Oxford involves a straightforward process. First, applicants must submit personal information, including their name, contact details, and date of birth. Next, employment and financial information is required to assess the trader’s profile. Identity verification is a crucial step, necessitating the provision of a government-issued ID and proof of address, such as a utility bill. It is important to note that traders can upgrade to a professional account later based on their trading activity and experience, offering flexibility in their trading journey.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing |
| CFDs (Stocks) | 0.1 | $0.05 per share | Varied availability based on market |
| CFDs (Indices) | 0.5 | $1 per contract | Standard charges |
| CFDs (Commodities) | 0.2 | $0.02 per contract | Market-driven spreads |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other potential costs. Deposit and withdrawal fees may apply, depending on the method of transfer. An inactivity fee is charged if the account remains dormant for a specified period. Additionally, there may be platform usage fees for premium services, as well as overnight interest (swap rates) on leveraged positions. Currency conversion fees might also apply for transactions conducted in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does London & Oxford Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo account available, API access |
| MT5 | Windows, macOS, iOS, Android | Encryption, one-click trading, push notifications, economic calendar | VPS services available |
| Web Version | Any device with internet access | Login security, symbol lookup, price alerts | No additional services |
| Mobile App | iOS, Android | Biometric login, market search, real-time alerts | Demo account available |
Each platform offers distinct advantages tailored to different trading needs. MT4 provides robust features suitable for various trading strategies, while MT5 enhances functionality with more advanced tools for experienced traders. The mobile app ensures that traders can manage their accounts on-the-go, providing secure logins, quick order execution, and timely alerts. Overall, London & Oxford supports efficient mobile trading and offers essential security measures across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 2-4 business days | No platform fee | Min 100, Max 50k/day | GBP, EUR, USD |
| Credit/Debit Card | Instant | 1.5% transaction fee | Min 50, Max 10k/day | GBP, EUR |
| Skrill | Instant | No platform fee, 2% Skrill fee | Min 50, Max 5k/day | GBP, USD |
| PayPal | Instant | Waived for accounts > $5k | Min 100, Max 20k/day | GBP, EUR |
Minimum Deposit
The minimum deposit requirement for London & Oxford is £50 for standard accounts and £100 for premium accounts. This amount may vary depending on the payment method used; for example, bank transfers require a minimum of £100.
How to Withdraw
To withdraw funds from your London & Oxford account, follow these steps:
- Log in to your account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Review and confirm your withdrawal request.
- Check your email for confirmation and processing updates.
Customer Support
London & Oxford Customer Support Overview
Support Channels
London & Oxford provides various contact methods to ensure that customers receive the help they need. The main support channels include:
- Email: Customers can reach out via info@londonandoxford.com for any inquiries or support-related questions.
- Live Chat: A convenient option for immediate assistance, available on their website during support hours.
- Telephone: Customers can contact the support team directly at +44 (0)20 3746 5800 for urgent matters.
- Social Media: Follow London & Oxford on various social media platforms for updates and quick support.
Service Availability
London & Oxford offers customer support 24/5, ensuring that help is available during the trading week. Multilingual support is also available, catering to a diverse clientele, with services offered in English and additional languages as needed.
Additional Resources
In addition to direct support, London & Oxford provides valuable resources to enhance the trading experience, including:
- Video Tutorials: Step-by-step guides on using their platforms and trading effectively.
- Webinars: Regularly scheduled sessions covering market trends and trading strategies.
- Market Analysis: Insights and reports on market movements to help traders make informed decisions.
- Trading Signals: Updates on potential trading opportunities based on market analysis.
Overall, the customer service at London & Oxford is designed to provide effective support and assistance to ensure a smooth trading experience.
Frequently Asked Questions
London & Oxford is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. This ensures that the firm adheres to strict regulatory standards designed to protect clients and maintain market integrity.
Currently, London & Oxford is not undertaking any Part 4A regulated activities and is not onboarding new clients or marketing investment activities. Therefore, specific trading conditions such as spreads, leverage, and available instruments are not applicable at this time.
As a regulated entity under the FCA, London & Oxford must adhere to strict guidelines regarding the handling of client funds. This includes keeping client funds in segregated accounts to protect them from operational risks and ensuring they are not used for the company’s operations.
London & Oxford offers customer support through various channels, including a contact number (+44 (0) 20 3746 5800) and email (info@londonandoxford.com). However, due to the current status of the firm, clients should check the website for updates regarding service availability.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.