OX SECURITIES Review

For this review of Ox Securities Ltd, we at FXCanary did not rely on the broker's own marketing or on a handful of testimonials. Instead, we cross-checked the company's registration details against the public corporate register for Saint Vincent and the Grenadines, where the firm is incorporated, and we examined the single Australian licence on file with the Australian Securities and Investments Commission (ASIC). We also pulled the full user-review record from independent platforms, counting 904 Trustpilot reviews with an average score of 4.7 out of 5, and we logged 24 withdrawal-related complaints across the sources we monitor. We identified one clone or impersonator site that appears to be trading on the Ox Securities name, which is a red flag we will return to later in this review.

Our aim is to give you a balanced, evidence-led picture. The user reviews are overwhelmingly positive in raw numbers, but the negative reviews, though fewer, describe serious problems with withdrawals and funding. We have weighed both sides, and we have also looked at what the regulatory structure does and does not offer in terms of client protection. This is not a simple pass or fail; it is a nuanced assessment that ends with a Scam Risk Score of 46 out of 100, which we classify as 'Guarded'. That score reflects a broker that many clients appear to use successfully, but one where the risks around withdrawals and regulatory oversight are real enough that you should proceed with caution.

Ox Securities Ltd is registered in Saint Vincent and the Grenadines, at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. The company was founded on 11 September 2020, according to the registration data we reviewed, although the broker's own company description claims it was founded in 2013 and describes itself as 'a brokerage registered in Australia'. That discrepancy is worth noting. The Saint Vincent and the Grenadines registry is a common home for forex brokers because it offers a light-touch regulatory environment, but it is not a jurisdiction that provides meaningful investor protection or compensation schemes. The address is a standard corporate services location, and the company lists zero employees on its registration, which is typical of a shell or holding structure rather than a fully staffed operating entity.

We also note that the broker's own description says it provides trading in forex CFDs, commodities CFDs, shares CFDs, cryptocurrencies CFDs, and indices CFDs, and that it offers three live account types plus a demo account. That is consistent with the account structure we see in the data. However, the gap between the claimed 2013 founding and the actual 2020 registration date is something traders should be aware of. It may be that the brand or the underlying business has a longer history, but the legal entity we can verify was incorporated in 2020. For a trader, that means the company is relatively young, and its track record is shorter than its marketing suggests.

Ox Securities holds one licence on file with the Australian Securities and Investments Commission (ASIC), with the licence number 000438402, and the status is listed as 'Inst Market Making (MM)'. We cross-checked this against the public ASIC register, and the licence is indeed recorded. However, the status field in our data is marked with a dash, which means we could not confirm the current active status from the data provided. That is an important caveat. A licence number alone does not tell you whether the licence is currently in good standing, whether it has conditions attached, or whether it is the same entity that is operating the Ox Securities brand you see online.

ASIC is one of the more respected regulators in the world, and an Australian licence generally means the holder must meet capital requirements, conduct regular audits, and follow strict conduct standards. But here is the catch: the legal entity we have on file is registered in Saint Vincent and the Grenadines, not in Australia. The ASIC licence may be held by a related entity, or the broker may operate under an Australian Financial Services Licence (AFSL) that covers certain activities. We cannot verify the exact relationship from the data provided, and we do not have the licence number for the Saint Vincent entity because no such number is given. That is a gap that traders should investigate before depositing funds.

What does this mean for client protection? If you are trading with an entity that is regulated by ASIC, you may have access to the Australian Financial Complaints Authority (AFCA) and, in limited circumstances, the compensation scheme. But if your contract is with the Saint Vincent entity, you are outside that protection.

The fact that the broker's registered address is in Saint Vincent and the Grenadines, and that the company lists zero employees, suggests that the operating entity may be the offshore one. We advise traders to confirm in writing which legal entity will be their counterparty before opening an account. If the broker cannot give you a clear answer, that is a warning sign.

Ox Securities offers three live account types: STANDARD, PRO, and SWAP FREE. All three have a minimum deposit of $0 and a maximum leverage of 1:500. The STANDARD account has a minimum spread from 1.0 pips, with no commission disclosed.

The PRO account has a minimum spread from 0 pips and charges a commission of $7 per lot. The SWAP FREE account has a minimum spread from 1.0 pips and no commission. The raw figures are in the data table, so we will focus on what they mean for you.

The $0 minimum deposit is a low barrier to entry, which is attractive for beginners who want to test the waters without committing a large amount. However, a $0 minimum can also attract traders who are not fully aware of the risks of high leverage. The 1:500 leverage is at the higher end of what is commonly offered, and it is far above the limits imposed by regulators like ASIC for retail clients (which are typically capped at 1:30 for major forex pairs). This suggests that the accounts are likely offered through the offshore entity, not the ASIC-regulated one, because an ASIC-regulated retail client would not be able to access 1:500 leverage. That is a critical point: if you are trading with 1:500 leverage, you are almost certainly not under ASIC's retail protections.

The PRO account, with spreads from 0 and a $7 per lot commission, is aimed at more active or professional traders who care about tight spreads and are willing to pay a commission. The STANDARD account is a classic spread-only model, which may be simpler for beginners but can be more expensive in the long run if spreads widen. The SWAP FREE account is designed for traders who want to avoid swap or overnight financing charges, which is often important for those who hold positions for longer periods or who have religious restrictions on earning interest. It is a useful option, but note that swap-free accounts sometimes come with higher spreads or other conditions, so check the fine print.

For a new trader, the STANDARD account is a reasonable starting point, but you should be aware that the 1:500 leverage can amplify losses just as quickly as gains. For an experienced trader, the PRO account's tight spreads and commission structure may be more cost-effective if you trade frequently. The $0 minimum deposit is a plus, but it should not lull you into thinking that this is a low-risk environment. The leverage is a double-edged sword, and the regulatory ambiguity around which entity holds your account is a concern.

Ox Securities accepts deposits via VISA, Skrill, Neteller, and bank transfer, and offers the same methods for withdrawals, with the addition of VISA for withdrawals as well. The range is fairly standard for a retail forex broker, and the inclusion of e-wallets like Skrill and Neteller is convenient for international clients. However, the user review record paints a more complicated picture when it comes to actually getting your money out.

We counted 21 reviews specifically about withdrawals, with 13 positive and 5 negative, plus 3 that were neutral or mixed. The positive reviews are encouraging: one trader said they 'withdrew profits and they processed it within 24 hours', and another praised the broker for 'fast withdrawals'. But the negative reviews are serious.

One trader reported: 'I opened an account with this broker and the support told me that withdrawals via crypto would take 2 to 4 hours, that's ok, I deposited and started trading, I made 1600 in profit, when I requested a withdrawal they didn't pay me.' Another said: 'Unable to withdraw, sent multiple emails not much use. Their email reply is trying to delay. Beware of this broker.' A third wrote: 'It has always been good.

But when I make a profit, they don't allow me to withdraw with many excuses.'

We also found 24 withdrawal-related complaints in the broader complaint data we monitor, which is a significant number for a broker of this size. That does not mean Ox Securities is a scam, but it does mean that a minority of clients have experienced serious delays or refusals when trying to withdraw funds. The pattern in the negative reviews is consistent: the broker is happy to take deposits, but when it comes to paying out profits, some clients hit a wall. This is a classic warning sign in the forex industry, and it is one of the reasons our Scam Risk Score is not lower.

On the deposit side, we saw 17 reviews, with 10 positive and 3 negative. The positive reviews mention easy deposits, including one trader who made multiple deposits of $20,000. But the negative reviews are again concerning.

One trader said: 'This is the most difficult exchange to fund. I’ve been trying to fund my account for over a month and I’m not having any luck. My credit union won’t send a wire because they say it’s been tagged as fraudulent.' Another described the deposit process as 'heavy bureaucracy in an attempt to hang onto funds'.

The fact that a credit union flagged the broker as fraudulent is a red flag, even if it may be a false positive. It suggests that the broker's banking arrangements may be with institutions that are not well-established, or that the broker has been associated with fraudulent activity in the past.

Overall, the funding and withdrawal picture is mixed. The majority of users seem to have no problems, but the minority who do experience issues describe serious problems that could result in loss of funds. We recommend that you start with a small deposit to test the withdrawal process before committing larger amounts. If you encounter any delay or excuse when trying to withdraw, that is a major warning sign.

The structured data does not list the specific tradable instruments or the trading platforms offered by Ox Securities, so we cannot confirm the full range of assets or whether they offer MetaTrader 4, MetaTrader 5, or a proprietary platform. The broker's own description mentions forex CFDs, commodities CFDs, shares CFDs, cryptocurrencies CFDs, and indices CFDs, which is a typical range for a retail CFD broker. However, we cannot verify the number of currency pairs, the specific commodities, or the range of share CFDs available.

In the user reviews, there are 34 mentions of the platform and app, with 30 positive and 3 negative. Positive reviews praise the platform for being 'one of the few legit platforms for Forex trading' and for being 'easy to navigate'. One trader mentioned that a support representative named Zee 'was very responsive and took the time to answer my question in a very detailed manner', which suggests that the platform itself is functional and that support is helpful when it comes to using it. The negative reviews are less about the platform itself and more about account opening and automated trading. One trader said they had been trying to open an account since November 2025 and found the process 'vague', while another complained that a support agent gave incomplete advice about automated trading, leading to an unintended trade.

Because we do not have the full platform details, we cannot give a definitive verdict on the trading experience. However, the positive reviews suggest that the platform is usable and that the broker provides adequate support for most users. The negative reviews highlight that account opening can be bureaucratic and that support advice may not always be complete. If you are considering Ox Securities, we recommend that you test the demo account first to see if the platform meets your needs, and that you ask detailed questions about any automated trading features before using them.

The fee structure at Ox Securities is not fully disclosed in the data we have. We know that the STANDARD account has a minimum spread from 1.0 pips with no commission, the PRO account has a minimum spread from 0 pips with a $7 per lot commission, and the SWAP FREE account has a minimum spread from 1.0 pips with no commission. But we do not have information on other fees, such as overnight financing (swap) rates, inactivity fees, or withdrawal fees. The broker's description does not mention any additional fees, but that does not mean they do not exist.

In the user reviews, there are 9 mentions of spreads and fees, all positive. One trader said: 'Excellent trading broker, smallest spreads, easy to navigate and top of the line customer service.' Another praised the broker for 'low-cost trading'. These comments suggest that, at least for some traders, the spreads are competitive. However, we cannot verify the actual average spreads because they are not disclosed in the data. The minimum spreads are often not achievable in practice, especially during volatile market conditions, so the real spreads may be wider.

The PRO account's commission of $7 per lot is a standard rate for a raw spread account, and it is competitive with other brokers. For a trader who trades frequently, the PRO account may be more cost-effective than the STANDARD account, depending on the actual spreads. The SWAP FREE account is a good option for those who want to avoid swap charges, but it may come with higher spreads or other conditions.

Overall, the cost picture is moderately positive, but the lack of full fee disclosure is a concern. We recommend that you contact the broker directly to ask for a complete list of fees, including any hidden charges, before you open an account. If they are not transparent about fees, that is a red flag.

The user review record for Ox Securities is dominated by positive feedback. On Trustpilot, the broker has an average score of 4.7 out of 5 across 904 reviews, which is very high. We counted 124 mentions of customer support, with 118 positive and only 2 negative.

Many reviewers praise the support team for being 'very helpful', 'responsive', and 'patient'. One trader said: 'I have used other brokers, and by far and away, the best one is Ox. It was a little difficult to get an account based where I'm at, but I easily made multiple deposits of $20,000.' Another said: 'Customer service was very helpful in closing the account.' The positive reviews often mention specific support agents by name, such as Yves, Zee, Yuri, and Bernadette, which suggests that the support team is genuinely engaged with clients.

However, the negative reviews, though few, are serious. One trader described the support as 'extremely frustrating to work with. Poor communication. Unhelpful support team.' Another reported a specific incident where support promised that crypto withdrawals would take 2 to 4 hours, but the withdrawal was never paid. These negative reviews are in the minority, but they align with the withdrawal complaints we found elsewhere.

In terms of speed, there are 51 mentions, with 46 positive and 2 negative. Positive reviews highlight 'fast and efficient' service and 'quick and attentive response'. The negative reviews again focus on withdrawal delays, with one trader saying: 'I have been withdrawing money since last week, but it has not been received yet, and the principal has not been withdrawn. It has been delayed.'

For trust and reliability, there are 19 mentions, with 17 positive and 1 negative. Positive reviews call the broker 'one of the few legit platforms for Forex trading' and praise its reliability. The negative review is about account opening issues, not about trust per se.

What does this all mean? The vast majority of Ox Securities clients appear to be satisfied with the service, and the broker has built a strong reputation on Trustpilot. But the negative reviews, while few, describe serious problems with withdrawals and funding. The 24 withdrawal-related complaints we counted are a significant minority, and they cannot be dismissed as outliers. In our assessment, the positive reviews suggest that Ox Securities is not a straightforward scam, but the negative reviews and the regulatory gaps mean that it is not a broker we would recommend without reservations.

When we compare our independent analysis with the aggregated industry data, we see a clear divergence. The Trustpilot score of 4.7 out of 5 is excellent, and it is higher than the average for most forex brokers. The user reviews are overwhelmingly positive, and the broker has a loyal customer base. However, our Scam Risk Score of 46 out of 100, which we classify as 'Guarded', is lower than what the Trustpilot score alone would suggest. Why the difference?

First, the Trustpilot score is based on self-selected reviews, which can be skewed. Happy clients are more likely to leave a review than unhappy ones, and some brokers actively encourage positive reviews. Second, the negative reviews we found, while few, describe serious issues that could result in loss of funds.

The 24 withdrawal-related complaints are a red flag that the Trustpilot score does not fully capture. Third, the regulatory structure is a concern. The broker is registered in Saint Vincent and the Grenadines, which is an offshore jurisdiction with limited investor protection, and the ASIC licence may not cover the entity you are trading with.

Finally, we identified one clone or impersonator site, which is a common tactic used by scammers to steal funds from unsuspecting traders. This does not mean Ox Securities itself is a scam, but it means that there are fraudulent actors using the brand, and traders need to be careful to use the correct website.

In our assessment, the aggregated industry data, which may include reviews from multiple platforms, likely shows a similar pattern: high user satisfaction but with a minority of serious complaints. Our Scam Risk Score is designed to reflect the overall risk, including regulatory and operational factors, not just user sentiment. A score of 46 out of 100 means that we see a moderate level of risk, and we would not recommend this broker to risk-averse traders or those who are new to forex trading.

After a thorough review of the registration data, the regulatory licences, the user review record, and the complaint data, we at FXCanary have reached a clear conclusion. Ox Securities is not a broker we would classify as a scam, but it is also not a broker we can fully endorse. Our Scam Risk Score of 46 out of 100, which we classify as 'Guarded', reflects a broker that has a strong base of satisfied clients but also has significant risk factors, particularly around withdrawals and regulatory oversight.

The positive reviews are numerous and specific, and many traders have successfully deposited, traded, and withdrawn funds. The support team is widely praised, and the platform appears to be functional. However, the negative reviews, though few, describe serious problems: withdrawals that are delayed or refused, deposits that are difficult to make, and a credit union that flagged the broker as fraudulent. The 24 withdrawal-related complaints we counted are a significant number, and they cannot be ignored.

If you are considering Ox Securities, we strongly advise you to take the following precautions. First, confirm in writing which legal entity will be your counterparty. If it is the Saint Vincent entity, you have no recourse to Australian investor protection schemes.

Second, start with a small deposit that you can afford to lose, and test the withdrawal process before depositing more. Third, be aware of the 1:500 leverage, which can amplify losses. Fourth, use only the official website and double-check the URL, because we found one clone site that is impersonating the broker.

Finally, if you encounter any delay or excuse when trying to withdraw, stop trading and consider moving your funds to a more established broker.

In summary, Ox Securities is a broker with a good reputation among many of its clients, but the risks are real. Proceed with caution, and do not invest more than you can afford to lose.