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Abstract:OXShare, founded in 2021, is an unregulated broker offering forex, commodities, cryptocurrencies, and more. Read our review to see if OXShare is safe to trade with, including its trading instruments, fees, platforms, and account types.
OXShare is an unregulated broker founded in 2021 and registered in Lebanon. It is not licensed or monitored by any official regulatory authority, including major bodies such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or CFTC/NFA (US). Traders should exercise caution when considering trading with an unregulated platform, as this poses increased risk for client funds and the absence of legal recourse in case of disputes.
OXShare's domain, registered on January 23, 2021, will expire in 2031. However, it's important to note that it has been flagged for lack of regulation and transparency.
Pros | Cons |
Wide range of tradable assets | No regulation |
Multiple account types | No MT4 platform support |
Demo accounts available | Unclear inactivity fee policy |
Low minimum deposit | High leverage increases risk |
No deposit/withdrawal fees | No major regulatory oversight |
24/7 live chat support | Risk of high volatility |
A1: No, OXShare is an unregulated broker. It operates without a license from any recognized financial authorities. Traders should consider the risks associated with trading on an unregulated platform.
A2: OXShare is not considered safe to trade with, as it is unregulated and not monitored by any major financial regulators. The lack of oversight raises concerns about the security of client funds.
A3: OXShare offers a wide variety of tradable assets, low minimum deposit, no deposit/withdrawal fees, and 24/7 live chat support. However, its lack of regulation and high leverage should be carefully considered.
A4: OXShare's major drawbacks include its lack of regulation, absence of the popular MT4 platform, and the potentially high risk associated with its high leverage (up to 1:1000).
A5: OXShare supports trading in forex, commodities, indices, cryptocurrencies, and shares, offering over 60 forex pairs, 600+ stocks, and key commodities and cryptocurrencies via MT5.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.