OXShare Forex Broker

OXShare Forex Broker - Complete Information Guide

1. Broker Overview

OXShare, established in 2013, operates as a global trading platform providing access to a wide range of financial instruments. The company is headquartered in Saint Vincent and the Grenadines, with additional offices in Lebanon and Mozambique. OXShare is a privately held entity, offering services primarily to retail clients interested in trading forex, commodities, stocks, indices, and cryptocurrencies.

Over the years, OXShare has aimed to expand its market reach, claiming to have over 170,000 clients and a trading volume exceeding $640 million. The firm has positioned itself as a broker that emphasizes integrity and transparency in its operations. The company operates under the umbrella of the OXShare Group, which encompasses various financial services.

OXShare employs a No Dealing Desk (NDD) model, allowing for direct market access and execution of trades through multiple liquidity providers. This structure is designed to enhance the trading experience by minimizing latency and ensuring competitive pricing. The broker offers a diverse range of over 1000 instruments, making it a versatile choice for traders looking to explore different asset classes. As a result, OXShare has become a notable name in the online trading space, attracting both novice and experienced traders alike.

2. Regulatory and Compliance Information

OXShare operates under several regulatory frameworks, although it is crucial to note that these regulations may not be as stringent as those from well-known authorities. The broker is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, with registration number 16541. Additionally, it is registered with the International Finance Corporation (IFC) in Saint Lucia (registration number 001012) and recognized by the Mozambique Government as a financial broker (registration number 1019507782).

While these registrations allow OXShare to operate legally in these jurisdictions, the regulatory oversight is often considered minimal. The FSA, in particular, does not provide the same level of investor protection as more established regulators like the FCA in the UK or ASIC in Australia. As such, client funds may not be protected under a formal compensation scheme, and there are no guarantees for fund segregation.

OXShare adheres to basic Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, requiring clients to verify their identity before engaging in trading activities. However, potential clients should be aware of the risks associated with trading with an unregulated broker, as there may be limited recourse in the event of disputes or issues with withdrawals.

3. Trading Products and Services

OXShare offers a comprehensive range of trading products, catering to various market interests. The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs, allowing forex traders to engage in diverse trading strategies. Additionally, OXShare facilitates trading in Contract for Differences (CFDs) across multiple asset classes, including:

• Indices: Major stock indices such as the S&P 500, NASDAQ, and FTSE 100.
• Commodities: Popular commodities including gold, silver, crude oil, and natural gas.
• Stocks: A selection of shares from leading companies like Alphabet Inc., Microsoft Corp., and Amazon.com Inc.
• Cryptocurrencies: Trading options for popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

The broker is committed to keeping its product offerings updated, frequently reviewing and adding new instruments to its platform. This ensures that traders have access to the latest market trends and opportunities. OXShare primarily focuses on retail trading services, although it also provides some institutional services, such as white-label solutions for other financial entities.

4. Trading Platforms and Technology

OXShare supports the widely used MetaTrader 5 (MT5) platform, which is available for desktop, web, and mobile devices (iOS and Android). MT5 is known for its advanced analytical tools, automated trading capabilities, and user-friendly interface, making it a preferred choice among traders. The broker also offers a proprietary web trader platform, allowing clients to access their accounts conveniently without the need for software installation.

The trading execution model is based on ECN (Electronic Communication Network) technology, which connects traders directly to liquidity providers, thereby enhancing order execution speed and reducing slippage. OXShare's servers are strategically located to optimize performance and ensure minimal latency during trading activities.

For traders interested in automated trading, OXShare provides support for Expert Advisors (EAs), enabling the implementation of algorithmic trading strategies. The platform also features a range of technical indicators and charting tools to assist traders in making informed decisions.

5. Account Types and Trading Conditions

OXShare offers several account types designed to accommodate different trading styles and preferences:

• Standard Account: Requires a minimum deposit of $5, with variable spreads starting from 0.5 pips and no commissions on forex, CFDs, and stocks. Leverage ranges from 1:100 to 1:300 depending on the instrument.

• Classic Account: Requires a minimum deposit of $5,000, offering tighter spreads starting from 0.3 pips and zero commissions. Leverage can go up to 1:400.

• VIP Account: Aimed at high-volume traders, this account requires a minimum deposit of $50,000, providing raw spreads starting from 0.0 pips and a small commission of $2.5 per side. Leverage can reach 1:500.

OXShare also offers a demo account for traders to practice their strategies without risking real capital. The minimum trade size is 0.01 lots, allowing for flexible trading options. Overnight fees vary based on account type and instrument, with the broker providing transparent information on potential costs.

6. Fund Management

OXShare supports multiple deposit and withdrawal methods to facilitate client transactions. Accepted funding options include:

• Bank Transfers
• Credit/Debit Cards (Visa, Mastercard)
• E-Wallets (Skrill, Neteller, Perfect Money)
• Cryptocurrencies (Bitcoin, Tether)

The minimum deposit requirement varies by account type, starting at $5 for the standard account and increasing for higher-tier accounts. Deposits are generally processed instantly, except for bank transfers, which may take 3-5 business days and incur a 0.5% fee.

Withdrawals can be made through the same methods, with processing times varying. Most withdrawal requests are processed quickly, although bank transfers may take longer. OXShare does not charge withdrawal fees, but clients should be aware of potential fees from intermediary banks or e-wallet providers.

7. Customer Support and Educational Resources

OXShare offers customer support through various channels, including:

• Email: info@oxshare.com
• Phone: +1 (908) 617-8359
• Live Chat: Available on their website
• Social Media: Active presence on platforms like Twitter, Facebook, and LinkedIn

The support team is accessible during business hours, but response times may vary. OXShare provides multilingual support, catering to clients in English, Arabic, Spanish, French, and other languages.

In terms of educational resources, OXShare is committed to enhancing trader knowledge through:

• Webinars: Live sessions covering market analysis and trading strategies.
• Tutorials: Comprehensive guides and video lessons on various trading topics.
• Market Analysis: Daily updates, news, and research reports to keep traders informed.

Additionally, OXShare offers trading tools such as economic calendars and calculators to assist clients in their trading endeavors.

8. Regional Coverage and Restrictions

OXShare primarily serves clients globally, focusing on markets in the Middle East, Europe, and beyond. However, the broker does not accept clients from certain regions, including the United States, Cuba, Myanmar, North Korea, and Sudan. These restrictions are in place to comply with local regulations and ensure a secure trading environment for all clients.

The broker's regional offices are located in Lebanon, Saint Vincent and the Grenadines, and Mozambique, allowing it to cater to a diverse client base while managing operational risks effectively.

In conclusion, while OXShare presents various trading opportunities and features, potential clients should carefully consider the regulatory environment and ensure they are comfortable with the associated risks before engaging with the broker.