Oxi Markets Forex Broker

Note: Oxi Markets's official website - https://www.oximarkets.com/ is currently inaccessible normally.Oxi Markets Review SummaryFounded2021Registered Country/RegionSaint Vincent and the GrenadinesRegulationNot regulatedMarket InstrumentsForex, Indices, Cryptos, Shares, CommoditiesDemo Account/LeverageUp to 1:500SpreadFrom 0.9 pipsTrading PlatformXone TraderMin Deposit$50Customer SupportTel: +1 737 343 8124, +44 135 858 73 75Email: support@oximarkets.com, support@oximarkets.xyzSocial media: Facebook, Instagram, YouTubeAddress: First floor, First St.Vincent Bank Building, P.O Box 1574, James Street, Kingstown, St.Vincent & Gredandines Oxi Markets was founded by Oxi Markets Group LLC in 2021 in Saint Vincent and the Grenadines. It provides many trading assets, including Forex, Indices, Cryptos, Shares, Commodities on the Xone Trader. Besides, its leverage is up to 1:500 and its minimum deposit is only $50. However, it is not regulated.Pros and ConsPros Cons Various trading assetsUnavailable websiteMultiple account typesNot regulatedLow minimum depositNo MT4 or MT5 trading platformPopular payment optionsIs Oxi Markets Legit? Oxi Markets is not regulated by any recognized financial regulatory authority. This lack of regulation means that there is no oversight ensuring that Oxi Markets adheres to the financial industry's standards and practices, which can increase the risks associated with trading and investing through this broker. Potential clients should exercise caution and consider the heightened risk of engaging with an unregulated entity.What Can I Trade on Oxi Markets?Tradable Instruments Supported Forex✔Indices✔Cryptos✔Shares✔Commodities✔Bonds❌Options ❌ETFs❌Account TypeAccount TypeMin DepositSilver USD 50GoldUSD 2,500PlatinumUSD 20,000Leverage Oxi Markets offers leverage up to 1:500 across all its account types. Trading with high leverage allows higher profits, but also increases the risk of sudden and excessive losses proportionally.Spread and Commission Oxi Markets offers low spreads starting from 0.9 pips across all account types. Additionally, there are no commissions on any of the account types.Trading PlatformTrading PlatformSupported Available Devices Suitable for Xone Trader✔Apple, Windows, Android/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Oxi Markets accepts deposits and withdrawals via Mastercard, Visa, Bitcoin, Tether, PayPal, and bank transfers.