Is OEXN safe and legit？ Full review
OEXN is a Cyprus-based broker established in 2018 and regulated by the Cyprus Securities and Exchange Commission (CYSEC). It has an overall trading environment grade of AA, four account types, minimum deposits from $5, maximum leverage up to 1:1000, and support for hedging, scalping, and EA trading. It uses MT4 and MT5 with full license, and customer service supports 12 languages, including English and Simplified Chinese, though response times may be lengthy. Its influence rating is D, mainly distributed in Vietnam with an average influence index of 4.29. Advantages include CYSEC regulation, a great trading environment, and full-license MT4/5; disadvantages include multiple disclosures, a high number of user complaints, and no biometric login.
Regulatory Compliance and Security
OEXN is regulated by the Cyprus Securities and Exchange Commission (CYSEC). The regulated company is OEXN Limited, and the regulation number is 423/22. The safety level is Level 1.
Account Type
All listed accounts support lock-up positions, scalping, and EA trading.
Trading Environment
Speed Details:
- Fastest speed: 93.0 ms (opening 109.0 / closing 93.0)
- Slowest speed: 1984.0 ms (opening 1953.0 / closing 1984.0)
Cost Details:
- Gold (XAU): Average Cost 17.12 USD/Lot
- Crude Oil (WH): Average Cost 20.0 USD/Lot
Swap Details:
- Crude Oil Long: -5.88 USD/Lot / Short: 5.38 USD/Lot
- Gold Long: -65.13 USD/Lot / Short: 28.44 USD/Lot
Test Data: 210 users participated in the test, with a total of 9,353 transactions and occupied margin of $2,875,601 USD. It ranks 42nd among 109 brokers in the comprehensive ranking.
Trading software
OEXN uses the MT4 and MT5 trading platforms, both with Full License. The MT5 platform is highly customizable, available in multiple languages, and has clear expense reports. It has a good search function but lacks two-step login and biometric authentication. The software experience is rated Perfect.
MT4/5 Server Distribution:
- MT5: OEXNLimited-MT5 in Australia, Cyprus, and the United Kingdom; OEXNLimited-Demo in the United Kingdom.
- MT4: OEXNLimited-Asia in Malaysia, China, the United Kingdom, and Hong Kong; OEXNLimited-Live2 in China, the United Kingdom, Malaysia, and Hong Kong; OEXNLimited-Demo in the United Kingdom and Hong Kong.
Customer Service
OEXN customer service supports 12 languages and one service region, Mauritius. You can contact them by telephone, email, X, Facebook, Instagram, YouTube, LinkedIn, QQ, and WeChat. Response times may be lengthy.
Influence
OEXN has an influence rating of D. Its influence is mainly distributed in Vietnam, with an average influence index of 4.29.
5-10 years
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