OXShare
Pros and Cons
Pros
- Access to over 60 currency pairs
- Utilizes MetaTrader 5 platform for advanced trading
- Competitive spreads for Forex and CFDs
- 24/5 customer support via multiple channels
- Offers a user-friendly mobile app
Cons
- Not regulated by any recognized financial authority
- Lack of investor protection for client funds
- No negative balance protection offered
- Potentially high trading risks due to high leverage
- Absence of educational resources for traders
Basic Information
User Reviews
OXShare Overview
OXShare is a forex broker established in 2013, headquartered in Saint Lucia. With an operating period of 2-5 years, OXShare is committed to providing traders with access to a wide range of financial instruments, including forex, indices, commodities, stocks, and cryptocurrencies. The broker emphasizes transparency and integrity, ensuring a trustworthy trading environment for its clients. Although specific regulatory details are not mentioned, OXShare aims to maintain a reputable standing within the industry, which is essential for building trust among traders.
The broker offers a comprehensive trading experience with access to over 60 currency pairs and various commodities. OXShare utilizes the widely acclaimed MetaTrader 5 platform, which provides traders with advanced charting tools and real-time market data, enabling informed trading decisions. Customer support is available 24/5 through multiple channels, ensuring that traders receive assistance when needed. Unique advantages of OXShare include a user-friendly mobile app, competitive spreads, and a commitment to customer service, making it a notable choice for traders looking to navigate the forex market effectively.
Is OXShare Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Not Regulated | Saint Lucia | N/A |
Is OXShare Regulated and How Are Client Funds Protected?
OXShare is not regulated by any recognized financial authority. As a result, clients may face risks associated with trading through an unregulated broker, including a lack of investor protection and a higher potential for fraud. Traders should exercise caution and be aware of the associated risks when engaging with unregulated platforms.
Trading Products and Services
What Trading Instruments Does OXShare Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Over 60 currency pairs | |
| Commodities | Gold, Silver, Oil, and more | |
| Indices | All major stock market indices | |
| Stocks | Trade 600+ successful companies including Amazon, Apple, and Google | |
| Cryptocurrencies | Bitcoin, Ethereum, and more |
OXShare provides a diverse range of trading instruments, allowing traders to engage across various asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection caters to different trading styles and strategies, whether for beginners exploring their options or seasoned professionals looking for advanced opportunities. The inclusion of multiple asset classes facilitates portfolio diversification, enabling traders to manage risk effectively and adapt to changing market conditions. By offering robust tools and a variety of products, OXShare aims to support traders in making informed decisions and enhancing their trading experience in the global markets.
Account Types and Trading Conditions
What Account Types and Fees Does OXShare Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners | Competitive spreads, user-friendly interface | Suitable for small-capital practice |
| Classic Account | Intermediate Traders | Access to a variety of trading instruments | Ideal for those looking to diversify |
| VIP Account | Experienced Traders | Raw spreads, higher leverage | Requires a minimum deposit |
| Demo Account | All Traders | Practice trading without financial risk | Great for testing strategies |
| Islamic Account | Traders requiring Sharia-compliant options | Swap-free, tailored for religious adherence | Requires specific documentation |
Account Opening Process
To open an account with OXShare, traders need to follow these steps: First, submit personal information, including identification and proof of address for identity verification. Next, provide employment and financial information to assess your trading profile. Once the initial account is set up, traders have the flexibility to upgrade to a professional account as their experience and trading volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 1.0 | $0 | Standard spreads for major pairs |
| Forex (Minor Pairs) | 1.5 | $0 | Tighter spreads may apply |
| CFDs (Stocks) | 1.0 | $0 | Variable spreads based on market conditions |
| CFDs (Indices) | 1.5 | $0 | Includes major stock indices |
| Cryptocurrencies | 1.0% | 0.1% | Dependent on market volatility |
Other Fees
In addition to trading fees, OXShare may charge various other fees, including deposit and withdrawal fees, inactivity fees for dormant accounts, and potential overnight interest (swap rates). Currency conversion fees may also apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does OXShare Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 | Windows, macOS, iOS, Android | Secure login (encryption), multiple order types, technical indicators, real-time market data | Demo accounts, mobile trading |
| Web Trader | Windows, macOS, Linux | Secure access, real-time analysis, symbol lookup, price alerts | No downloads required |
| Mobile App | iOS, Android | Secure login (biometrics), push notifications, chart analysis, real-time alerts | Full MT5 functionality, account management |
Each platform offered by OXShare provides distinct advantages tailored to different trading needs. The MetaTrader 5 platform is ideal for traders seeking advanced analytical tools and diverse order types, while the Web Trader allows for quick access to markets without the need for downloads. The mobile app enhances trading flexibility, enabling users to manage their accounts and receive real-time alerts on the go. OXShare ensures secure logins across all platforms, facilitating a reliable trading experience with efficient search tools and fast order execution.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/day | USD |
| Cryptocurrency | Instant | 1.0% transaction fee | Min $50, Max $20,000/day | BTC, ETH |
| e-Wallets | Instant | 1.5% fee for deposits | Min $50, Max $15,000/day | USD, EUR |
Minimum Deposit
OXShare requires a minimum deposit of $50 to open an account. This amount is consistent across different payment methods and account types, making it accessible for traders looking to start their trading journey.
How to Withdraw
To withdraw funds from your OXShare account, follow these steps: 1. Log into your OXShare account. 2. Navigate to the ‘Withdrawal’ section. 3. Select your preferred withdrawal method. 4. Enter the amount you wish to withdraw. 5. Confirm your details and submit the request. 6. Wait for processing; times vary by method.
Customer Support
OXShare Customer Support Overview
Support Channels
OXShare provides several contact methods for customer support, ensuring that traders can easily get the help they need. The primary channels include:
- Email: Clients can send their inquiries to support@oxshare.com for assistance.
- Live Chat: Available directly on the OXShare website, traders can initiate a conversation with support representatives for immediate help.
- Telephone: For those who prefer speaking directly, OXShare offers a contact number for support inquiries.
- Social Media: OXShare is present on various social media platforms, providing another avenue for customer engagement and support.
Service Availability
Customer support at OXShare is available 24/5, ensuring that traders can reach out for assistance during the trading week. While specific languages supported by the customer service team are not indicated, OXShare aims to cater to a diverse clientele, making multilingual support a potential feature.
Frequently Asked Questions
OXShare is not regulated by any recognized financial authority, which means that clients may face risks associated with trading through an unregulated broker, including a lack of investor protection.
OXShare offers a diverse range of trading instruments, including over 60 currency pairs, commodities such as gold and oil, all major stock indices, stocks from over 600 successful companies like Amazon and Apple, and cryptocurrencies including Bitcoin and Ethereum.
OXShare provides various deposit and withdrawal methods, including bank transfers, credit/debit cards, cryptocurrencies, and e-wallets. Each method has its own processing times and limits, ensuring flexibility for traders.
OXShare offers multiple contact methods for customer support, including email at support@oxshare.com, live chat on the website, and telephone support. Customer support is available 24/5 to assist traders with their inquiries.
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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.