Forex Oxtrade Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Oxtrade Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website flyoxtrade.com

Balanced Review

Pros & Cons

Pros

Variety of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
Access to popular trading platforms like MetaTrader 4 and MetaTrader 5
Demo account available for risk-free trading practice
Multiple payment options for deposits and withdrawals
Minimum deposit requirement set at $50 for all account types

Cons

Unregulated forex broker
Inaccessible official website
Lack of transparency regarding fees and services
Potentially high trading risks
Limited customer support information

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Oxtrade	Anzo Capital	Focus Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Oxtrade Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	Access to a variety of trading instruments	Suitable for small-capital practice
Professional Account	Experienced traders	Potentially higher leverage and optimized trading conditions	Requires trading volume qualifications
Demo Account	All traders	No risk trading environment	Perfect for practice and strategy testing

Account Opening Process

To open an account with Oxtrade, traders need to follow a few steps: First, they must submit personal information, which includes basic identity details. Next, employment and financial information are required to assess trading suitability. Identity verification is essential, so traders will need to provide a valid ID and proof of address. Additionally, Oxtrade may allow for account flexibility, meaning traders can upgrade to a professional account at a later stage if they meet the necessary requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$X	Typical spreads apply
CFDs (Stocks, Indices)	Varies	$X	Commission structure may apply
Cryptocurrencies	Varies	$X	Dependent on market volatility

Other Fees

Additional costs associated with trading at Oxtrade may include deposit and withdrawal fees, which can vary based on the chosen payment methods. Inactivity fees may apply if the account remains dormant for an extended period. While platform usage fees are not specified, traders should be aware of potential overnight interest charges (swap rates) and currency conversion fees that might impact their trading costs.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Oxtrade User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

New York, USA

★ ★ ★ ★ ★

I tried to withdraw my funds after making some profits, but Oxtrade completely blocked my request. Their customer support is non-existent, and I have not received any response to my emails. I feel scammed and regret choosing this broker.

Emily Smith

London, UK

★ ★ ★ ★ ★

Oxtrade offers a great variety of trading instruments, and I find their MetaTrader platform very user-friendly. The execution speed is impressive, and I appreciate having access to a demo account for practice. However, I wish their website was more accessible.

Michael Johnson

Sydney, Australia

★ ★ ★ ★ ★

I was drawn to Oxtrade because of their low minimum deposit. However, my experience has been disappointing. The fees are not clearly explained, and I have faced issues with customer support. I would recommend looking for a more transparent broker.

Sara Lee

Toronto, Canada

★ ★ ★ ★ ★

I’ve had a positive experience with Oxtrade so far. The variety of assets available is impressive, and I love using their mobile app for trading on-the-go. I’ve found their trading tools to be quite effective for my strategies.

Saint Vincent and the Grenadines Market