OXSecurities.com Review

2.061 • 8 REVIEWS
Also OXTraders.com Also OXSecurities.com.au
Updated: Apr 10, 2024
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OXSecurities is a forex broker. OX Securities offers the MT4 and MT4 Mobile forex trading top platform. OXSecurities.com offers over 55 forex currency pairs, cfds, indices, commodities, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Also OXTraders.com

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 400:1
Minimum to Open Live: $1
Established: 2013
Address: Level 37, 1 Macquarie Place Sydney, NSW, , Australia
Contact: service@oxsecurities.com, +61 2 9017 5230
Regional offices:
Regulators: ASIC #438402
Prohibited countries:
Trading platforms: MT4
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
ZuluTrade: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Interac, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Interac, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay
* Please check broker website for more information
2.061 • 8 REVIEWS

Recent User Reviews of OXSecurities.com

Bayramov, Canada (Really the offices of OXSecurities in Australia),
Sep 7, 2020,

Good broker

Service use: Live Length of use: 3-6 Months
I have never seen a better service from a broker than OXTraders. I personally was dealing with Ben. He was supper helpful and very responsive, considering the difference in time zones. He went above and beyond to get me started with OXTraders. Would highly recommend!
Reply by OxSecurities submitted Sep 8, 2020:
Was just re-posing a genuine review we had received from another site to make sure the process was working.

Feel free to remove this review - thank you

FPA Review Moderation Team Note: The FPA has no way to verify if reviews on another site are genuine or not. The FPA can only work with information accessible to us.

If you wanted to test the system, you could have submitted a clearly marked test review with request for us to confirm it arrived. Instead, an employee of your company submitted a "client" review after falsely certifying "I have no business or personal relationship with the reviewed company or any of its competitors, except as a client."

The FPA is based in the USA, where this sort of action is illegal. The FPA believes this sort of action is unethical no matter where in the world a company is based.

We suggest you ask your CEO to fill out the form at...

Forex Peace Army
Review moderation team note
5 Star Rating removed.

This review did not come from Canada.  It came from the same location in Australia used by OXSecurities' representative to the FPA.

Per FPA policy, the rating on this review has been set to Zero stars.
Singapore, Singapore,
Apr 10, 2024,
Registered user

Service use: Live Length of use: over 1 Year
Trading conditions has deteoriated, high slippage. Withdrawal time has increase significantly. Customer support namely a few of the past cs not helpful as always. the newer ones are better.

Mar 14, 2024 - 5 Stars Have been using the PRO account for the past 3 years now, have about 5 figures worth capital and never encountered any issues with deposit and withdrawal so far. Low spreads and fees with IB, quick and fee-less deposit/withdrawal via paynow SGD. Sometimes slippage higher than usual but overall has been a great broker for me.
Singapore, Singapore,
Nov 26, 2023,
Registered user

OXsecurities took over $180K from me!!!

Service use: Live Length of use: 6-12 Months
Hi fellow traders,

I would like to report that OXsecurities is a bucketshop. They have a 100% B-booked model and it seems that they have been operating in such a manner all the way back since 2013 taking hard-earned profits from unsuspected traders they became too profitable. I only had 1 year plus of trading in the forex market and I managed to flip $190 to $180K in a period of around 6 months plus and thats when they are unhappy about it and decided to kick me out of their business by accusing me arbitrage and breaching their client agreement.

I have all the evidence below where it states that I deposited a total amount of $1510.69 on account number 7006926. I have failed to make any profit during these period of time and I believe OXsecurities have no issue with it, happily taking my money. I have only managed to make a withdrawal of $6.14 before blowing my account, I have then decided to create a new account with OXsecurities, account number is 7008716 and made a deposit of $190. I have then managed to flip $190 to over $100k by betting with big lots on the fact that Gold will shoot up due to the conflict in the middle east and after a few more weeks and months I have then managed to compound my profits with bigger lot sizes to an amount of $180k as shown on 2023.11.09.

This is when OXsecurities is not happy about it and just throw me an email stating that I have breached their client agreement. They claimed that they are STP/NDD broker on their website and not a market maker. But this shows that they only managed to survive by cheating clients of their profits when they become too profitable. Refusal to give out the accmulated profits or a portion of it after 6 months of trading is deplorable at best. They have no honesty, no integrity and no transparency in how their business operates.

If they claimed that I have broken the rules by using arbitrage why is it that they only decided to kick me out after I have accumulated a profits of $180k? And some of my trades were held for days and weeks so how is that abitrage trading? I think the most logical reason is that they were betting against my trades hoping that I will lose all my money and when they didn't expect that I will be making more profits the easier way is to kick me out by accusing me rather than paying from their own pockets.

I have tried to asked/negotiate for a portion of my profits or offer me any form of compensation to settle this issue amicably but it seems that they want to take every single penny. A quick search on review sites shows that this is not an isolated case and there were at least 3 or 4 traders who got their profits canceled for no apparent reason other than being too profitable. I wonder how hard it is for the director Ben M. to sleep peacefully at night by taking money from traders and operating his business in such a pathetic and shady manner. And if there is heaven or hell in the afterlife, I strongly hope that he ends up in hell to get the karma he deserves. To anyone who is thinking of trading with them I suggest that you would rather spend your money, time and energy with other brokers other than this one. I am from Singapore and I hope no Singaporeans will want to trade with them after reading my review.

2 traders have found this review helpful
giovanni ciarlini
vicenza, Italy,
Nov 22, 2021,
Registered user


Service use: Live Length of use: 3-6 Months
On November 16 (I have transcrip)
- I had a chat when checking the credit of a Sepa bank wire deposit not yet in my account (but this is not the issue at question). The issue at question was that I meant to do an additional deposit.
- As far the pending deposit...I was told like a possible reason of delay: "I saw B. talked to you about this yesterday. Our bank details have changes and please go to your client portal and check the bank details". And I did but the Sepa bank details were the same! Very surprised cause a representative of OX Securities is at least supposed to know if still the same on the website. Terrible! Of course I had to stop to make the new deposit….
- I pointed out that Sepa bank account details were always the same on OX Securities website and that, moreover, no official communication on the change of Sepa bank account had been made to inform customers.
- I was replied: " Thank you. It may happen today, and our IT team are still working on it. Clients will receive emails regarding this once we have finished the updating". That of course sounds like a stop signal to use the Sepa bank account on the web cause in process to be replaced in a very short time.

On Nov 17 (I have email and transcript)
- In absence of any news I sent an email to know your new sepa bank account. No reply so far
- Today, Nov 22, the Sepa wire transfer account details on OX Securities website are still the same (have screenshot)….no communication to customers about the change of your Sepa bank account ..... no reply to my email ... on the other hand, only the communication remains valid which will be changed as per chat (in the absence of denial )without know when ...... but then what is it for?

Today Nov 22 (I have transcript)
- I joined the chat to clarify a 11.51 am (italian time zone)
- B. joined the chat always at 11,51 am (italian time zone)
- After I wrote 7 “hello” to invite B. to reply, no response and no transferred to other OX Securities representatives
- I absence of reply I closed the chat at 12.51 after 1 hour waiting!

And I guess am entitled to say that we are talking about deposit…

It is like they are out of control....

And of course I shall close my account...
Mumbai, India,
Nov 19, 2020,
Registered user

Nice Experience

Service use: Live Length of use: 6-12 Months
Fast Deposit and Withdrawals. Very good execution and good spreads.
I would recommend it.
Sydney, Australia (inside the offices of OX Securities),
Nov 18, 2020,
Registered user

Very happy (since they pay my salary)

Service use: Live Length of use: over 1 Year
Great broker. Easy deposits and withdrawals, havent had any issues over the years I've been using them. 5 starts
Forex Peace Army
Review moderation team note
5 Star Rating removed.

This review came from the same location in Australia used by OXSecurities' representative to the FPA.

Per FPA policy, the rating on this review has been set to Zero stars.
Pedro Costa
Lisboa, Portugal,
Nov 12, 2020,
Registered user

Excellence in Service Delivery

Service use: Other Length of use: 0-3 Months
I had and have a great relationship and experience with OX Securites. From account creation to fund management.
I advise for all members and traders in the world of forex and financial market.