HKFIHG Forex Broker

OxisFX Forex Broker - Complete Information Guide

1. Broker Overview

　　OxisFX, officially known as OxisFX Limited, is a forex brokerage that has been operating since its establishment in the United Kingdom. The company is privately owned and primarily serves retail traders looking to engage in forex trading and other financial instruments. OxisFX claims to have over 15 years of experience in the forex industry, offering a range of trading services to its clients.

　　Headquartered in London, OxisFX has positioned itself as a provider of various trading instruments, including forex, metals, oil, and indices. The broker's development has been marked by its promise of competitive trading conditions, although it lacks a regulatory license, which raises concerns about its legitimacy.

　　The business model of OxisFX focuses on retail forex trading, providing traders with access to a variety of account types to suit different trading needs. The broker offers various trading platforms, including the widely-used MetaTrader 5 (MT5), which enhances the trading experience for its clients.

2. Regulatory and Compliance Information

　　One of the most critical aspects to consider about OxisFX is its regulatory status. As of now, OxisFX does not hold any valid regulatory licenses from recognized financial authorities. The Financial Conduct Authority (FCA) in the UK does not recognize OxisFX as a licensed broker, which poses significant risks for potential investors.

　　Due to the absence of regulation, there is no regulatory number or license validity period associated with OxisFX. This lack of oversight means that there are no guarantees regarding the safety of client funds or the integrity of the broker's operations. Furthermore, OxisFX does not provide information regarding customer fund segregation policies or participation in investor compensation schemes.

　　The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations remains unclear, as detailed information on these measures is not publicly available. This lack of transparency raises red flags for potential traders, suggesting that they should exercise caution when considering this broker.

3. Trading Products and Services

　　OxisFX offers a variety of trading products, primarily focusing on forex currency pairs. The broker claims to provide access to a wide range of currency pairs, including major, minor, and exotic pairs. Additionally, OxisFX offers Contracts for Difference (CFDs) on various assets, including indices, commodities, stocks, and cryptocurrencies.

　　The specific number of forex pairs available for trading is not disclosed, nor are the categories of CFDs explicitly detailed. However, OxisFX promotes its trading services to both retail and professional clients, suggesting that it aims to cater to a diverse customer base.

　　While the broker claims to have a robust product offering, the lack of regulatory oversight and transparency raises concerns about the reliability and safety of these products. Potential clients are advised to conduct thorough due diligence before engaging with OxisFX.

4. Trading Platforms and Technology

　　OxisFX provides its clients with access to the industry-standard trading platform, MetaTrader 5 (MT5). This platform is known for its advanced charting capabilities, automated trading options through Expert Advisors (EAs), and user-friendly interface. The availability of MT5 is a significant advantage for traders seeking a comprehensive trading experience.

　　In addition to the MT5 platform, OxisFX also offers a web-based trading platform, allowing traders to access their accounts from any device with internet connectivity. The broker provides mobile applications for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.

　　OxisFX operates on an ECN (Electronic Communication Network) model, which means that trades are executed directly in the market without any dealing desk intervention. This model is designed to provide faster execution speeds and tighter spreads, enhancing the overall trading experience.

　　The broker's server infrastructure is reportedly located in Germany, which aims to provide reliable connectivity and execution speeds. However, specific details regarding the technical setup and API access for automated trading are not readily available.

5. Account Types and Trading Conditions

　　OxisFX offers several account types designed to meet the diverse needs of its clients. The available account types include:

• Silver Account: Requires a minimum deposit of $100, offering spreads starting from 2.0 pips.
• Gold Account: Requires a minimum deposit of $2,500, with tighter spreads starting from 1.2 pips.
• ECN Account: Requires a higher minimum deposit of $5,000, with spreads starting from 0.0 pips.

　　The broker allows leverage of up to 1:500, which is significantly higher than what is permitted by many regulatory authorities. This high leverage can amplify both profits and losses, making it crucial for traders to manage their risk effectively.

　　The minimum trade size is set at 0.01 lots, providing flexibility for traders to adjust their positions according to their strategies. OxisFX does not publicly disclose its overnight fees or swap policies, which is an essential consideration for traders who hold positions overnight.

6. Fund Management

　　OxisFX supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary by account type, with the Silver Account starting at $100, while the Gold and ECN Accounts require higher initial investments.

　　The processing time for deposits is not explicitly stated, and there is no information available regarding deposit fees. This lack of transparency can be a concern for potential traders.

　　When it comes to withdrawals, OxisFX does not provide detailed information on the available withdrawal methods or any associated restrictions. The processing time for withdrawals is also unclear, which can lead to uncertainty for traders looking to access their funds.

　　Overall, the absence of clear information regarding deposit and withdrawal processes raises concerns about the broker's reliability and transparency.

7. Customer Support and Educational Resources

　　OxisFX offers customer support through various channels, including telephone, email, and online chat. The broker's support team is available during business hours, but specific details about the time zone coverage are not provided.

　　The broker supports multiple languages, although the exact languages available for customer support are not specified. This could limit accessibility for non-English speaking clients.

　　In terms of educational resources, OxisFX provides access to webinars, tutorials, and eBooks to help traders improve their skills. Market analysis services, including daily analysis and research reports, are also available to assist traders in making informed decisions.

　　Trading tools such as calculators and economic calendars are provided, enhancing the trading experience for clients.

8. Regional Coverage and Restrictions

　　OxisFX primarily targets the retail trading market, focusing on clients from the United Kingdom and other regions. However, specific details about regional offices and their distribution are not disclosed.

　　The broker does not accept clients from certain countries, although the specific list of restricted countries is not provided. Additionally, OxisFX may have special restrictions in place for certain regions, which could affect potential clients' ability to open accounts.

　　In conclusion, while OxisFX presents itself as a forex broker with a variety of trading products and services, potential clients should exercise caution due to the lack of regulatory oversight and transparency. The absence of clear information regarding compliance, fund management, and trading conditions raises significant concerns about the broker's legitimacy and reliability. As always, thorough research and due diligence are essential before engaging with any brokerage.