OX broker Accounts

ox Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: ox Account Types Overview

ox Account Types Explained

Ox Securities offers several account types tailored to meet the needs of different traders, from beginners to experienced professionals. Below are the available account types:

1. Standard Account

• Minimum Deposit: $0
• Spread/Commission Structure: Spreads from 1.0 pips, no commission
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginner traders
• Trading Instruments Available: 80+ including Forex, commodities, and indices

1. Pro Account

• Minimum Deposit: $0
• Spread/Commission Structure: Raw spreads starting from 0.0 pips, $7 commission per lot
• Leverage Options: Up to 1:500
• Key Features: Advanced trading features, suitable for experienced traders
• Target User Profile: Advanced traders
• Trading Instruments Available: 80+ including Forex, commodities, and indices

1. Islamic Account

• Minimum Deposit: $0
• Spread/Commission Structure: Similar to Standard and Pro accounts, but swap-free
• Leverage Options: Up to 1:500
• Key Features: Compliant with Islamic finance principles
• Target User Profile: Muslim traders seeking swap-free trading
• Trading Instruments Available: 80+ including Forex, commodities, and indices

1. Demo Account

• Minimum Deposit: Virtual balance (typically $10,000)
• Spread/Commission Structure: Similar to Standard account
• Leverage Options: Up to 1:500
• Key Features: Allows practice trading without real money
• Target User Profile: All traders, especially beginners
• Trading Instruments Available: 80+ including Forex, commodities, and indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Muslim Traders: Islamic Account
• All Traders (for practice): Demo Account

Part 2: ox Account Features Comparison

Detailed ox Account Features

When comparing features across different ox account types, consider the following:

• Minimum Deposit:

• Standard: $0

• Pro: $0

• Islamic: $0

• Demo: Virtual balance

• Maximum Leverage:

• All accounts: Up to 1:500

• Spreads:

• Standard: From 1.0 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: $0

• Pro: $7 per lot

• Islamic: $0

• Lot Size:

• All accounts: Minimum lot size of 0.01

• Available Trading Platforms:

• All accounts: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS

• Execution Type:

• Standard: Market execution

• Pro: ECN execution

• Islamic: Market execution

• Islamic Account Availability:

• Yes, available for all account types

• Swap-Free Options:

• Available for Islamic accounts

• Demo Account Features:

• Virtual balance for practice trading, access to all trading instruments

Advantages of Each Account Type

• Standard Account:

• No minimum deposit

• Suitable for beginners

• Access to a wide range of instruments

• Pro Account:

• Raw spreads for better pricing

• Ideal for experienced traders

• Advanced trading features

• Islamic Account:

• Compliant with Islamic finance principles

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free practice environment

• Access to all trading features

• Helps build confidence before live trading

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Pro account

• Limited advanced features

• Pro Account:

• Requires understanding of trading costs due to commissions

• May not be suitable for beginners

• Islamic Account:

• Limited availability for non-Muslim traders

• May have restrictions on certain trading strategies

• Demo Account:

• Virtual balance may not reflect real market conditions

• Limited duration for practice

Part 3: ox Account Opening Requirements

ox Account Registration Requirements

To open an ox account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders worldwide, but may have restrictions based on local regulations.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (consult the broker's website for details).
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All clients must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days.

Part 4: ox Account Opening Process

Step-by-Step ox Account Opening Guide

1. Visit Website and Click Registration: Go to the ox Securities website and click on the registration link.
2. Personal Information Entry: Fill in your personal details including name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the broker to verify your documents.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: ox Demo Account Information

ox Demo Account Guide

• Demo Account Features and Benefits:

• Allows practice trading without financial risk.

• Access to all trading instruments and features.

• Ideal for testing strategies and platforms.

• How to Open a Demo Account:

• Visit the ox Securities website and select the demo account option during registration.

• Demo Account Limitations:

• Virtual balance may expire after a set period (typically 30 days).

• Virtual Balance Amount:

• Commonly set at $10,000 for practice trading.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money and market conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days but may be extended based on broker policies.

Part 6: ox Islamic Account (if available)

ox Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, ox offers Islamic accounts that are compliant with Sharia law.

• Eligibility Requirements:

• Must be a Muslim trader seeking swap-free trading options.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees and are structured to comply with Islamic finance principles.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Islamic accounts may have specific trading conditions, such as restrictions on certain instruments or strategies.

FAQs – ox Account Types & Opening

1. What account types does ox offer？

• Ox offers Standard, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• All account types have a minimum deposit of $0.

1. How long does ox account verification take？

• Verification typically takes 1 to 3 business days.

1. Does ox offer demo accounts？

• Yes, ox offers demo accounts for practice trading.

1. Can I have multiple account types with ox？

• Yes, traders can hold multiple account types.

1. Does ox offer Islamic/swap-free accounts？

• Yes, ox offers Islamic accounts that are compliant with Sharia law.

1. What documents do I need to open a ox account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.