Ozios Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
Risk Control
Very great. I invested here and I find it really worth it. All transactions are done quickly and securely. I have made quite a lot from this. When I had a problem with my transaction, I contacted support and they enthusiastically answered my questions and resolved my issues. Thanks a lot.
Ozios has emerged as a notable player in the forex brokerage landscape, particularly after being accredited by the Cyprus Securities and Exchange Commission (CySEC). The overall sentiment surrounding this broker is mixed, with some users praising its trading tools and educational resources, while others express concerns about its limited payment options and customer support. This review will delve into the key features, advantages, and drawbacks of Ozios, drawing insights from various expert analyses and user experiences.
Note: It is important to highlight that Ozios operates under different entities in various regions, which could affect the trading experience and regulatory compliance for users across different jurisdictions.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 7 |
| User Experience | 6 |
We assess brokers based on a comprehensive analysis of user feedback and expert recommendations.
Founded in 2017, Ozios is a forex and CFD brokerage based in Cyprus. It operates under the regulation of CySEC, which adds a layer of credibility to its offerings. The broker provides access to the widely used MetaTrader 5 (MT5) platform, catering to both novice and experienced traders. Users can trade a variety of asset classes, including forex, commodities, indices, and CFDs, but notably, cryptocurrency trading is not available on this platform.
Regulatory Regions
Ozios is regulated in the European Economic Area (EEA) by CySEC, which ensures that it adheres to strict financial standards. However, the lack of regulatory oversight in other regions may raise concerns for potential traders outside the EEA.
Deposit/Withdrawal Methods
Deposit and withdrawal options are quite limited. Users can only deposit via bank transfers, with a minimum deposit amount set at €100. Withdrawals can also be made through bank transfer, with a minimum withdrawal of €1. While the absence of fees for deposits and withdrawals is a positive aspect, the limited options may deter some users.
Minimum Deposit
The minimum deposit requirement is relatively low, starting at €100, which makes it accessible for new traders. However, some sources indicate that higher-tier accounts require significantly larger deposits, which could potentially alienate smaller investors.
Bonuses/Promotions
Currently, there are no specific bonuses or promotional offers highlighted in the reviews, which might be a drawback for traders looking for added incentives.
Asset Classes
Ozios offers a range of tradable assets, including major and minor currency pairs, commodities such as gold and silver, and CFDs on stocks and indices. However, the absence of cryptocurrency trading is a notable limitation, especially given the growing interest in digital assets.
Cost Structure
Spreads start as low as 0.01 pips for certain instruments, which is competitive. However, the commission structure varies based on account type, with basic accounts facing higher rates compared to professional accounts. This tiered commission model may be beneficial for high-volume traders but could be a disadvantage for smaller traders.
Leverage
Ozios offers leverage up to 1:30 for retail clients, which is in line with EU regulations. While this is a standard offering, it may limit the potential for aggressive trading strategies compared to brokers offering higher leverage.
Allowed Trading Platforms
The primary trading platform provided by Ozios is MT5, known for its advanced charting tools and technical analysis capabilities. Additionally, a mobile application is available, allowing traders to manage their accounts on the go.
Restricted Regions
Ozios primarily serves clients from the EEA, excluding Belgium. This regional restriction may limit its global reach and accessibility for potential clients outside these areas.
Available Customer Support Languages
Customer support is available in English and other regional languages, but feedback suggests that the absence of 24/7 support could be a limitation for traders requiring immediate assistance.
| Criteria | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 7 |
| User Experience | 6 |
Account Conditions: The minimum deposit is reasonable, but the tiered structure for higher accounts may deter smaller traders. The lack of bonuses is also a downside.
Tools and Resources: The availability of MT5 and educational resources is a strong point. However, the absence of beginner materials may hinder new traders.
Customer Service and Support: Limited support options and the absence of live chat contribute to a lower rating. More comprehensive support would enhance the user experience.
Trading Setup (Experience): The platform is user-friendly, but the lack of cryptocurrency trading options may limit appeal.
Trustworthiness: Being regulated by CySEC adds credibility, but the varying regional regulations could affect trust for some users.
User Experience: Overall, the platform is functional and accessible, but improvements in customer support and payment options could enhance user satisfaction.
In conclusion, while Ozios has several commendable features, such as a robust trading platform and a variety of asset classes, potential users should weigh the limitations, particularly regarding customer service and payment options. As the forex landscape continues to evolve, Ozios must adapt to meet the needs of its diverse trading community.
