Overview of Oxi Markets
Oxi Markets, founded in 2020 and based in Saint Vincent and the Grenadines, provides a variety of trading instruments including Forex, indices, cryptocurrencies, shares, and commodities. It caters to both beginners and experienced traders with a range of account types and advanced trading platforms available on Apple, Windows, and Android. Despite its attractive features and comprehensive educational resources, the lack of regulation raises concerns about safety and security.
Is Oxi Markets Legit？
Oxi Markets is not regulated by any recognized financial regulatory authority. This lack of regulation means that there is no oversight ensuring that Oxi Markets adheres to the financial industry's standards and practices, which can increase the risks associated with trading and investing through this broker. Potential clients should exercise caution and consider the heightened risk of engaging with an unregulated entity.
Pros and Cons
Oxi Markets presents a compelling option for traders with its wide range of trading instruments, high leverage up to 1:500, low spreads starting from 0.9 pips, and zero commissions on trades. However, the lack of regulatory oversight raises significant concerns about fund security and limits options for dispute resolution. This combination of pros and cons makes it essential for traders to carefully consider their risk tolerance and due diligence when choosing Oxi Markets as their trading platform.
Trading Instruments
Oxi Markets offers over 250 trading instruments, including:
- Forex: Currency trading in the global foreign exchange market.
- Indices: Trading on major global stock indices.
- Crypto: Cryptocurrency trading.
- Shares: Trading individual company stocks.
- Commodities: Trading in various commodities like gold, oil, and more.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
Oxi Markets offers three distinct account types to cater to varying trader needs. The Silver account requires a minimum deposit of USD 50, provides leverage up to 1:500, and is swap-free. The Gold account, with a higher minimum deposit of USD 2,500, also offers leverage up to 1:500 and is swap-free. For more advanced traders, the Platinum account requires a minimum deposit of USD 20,000, maintains the same leverage of up to 1:500, and is likewise swap-free.
How to Open an Account
To open an account with Oxi Markets, follow these steps.
Visit the Oxi Markets website. Look for the “CREATE ACCOUNT” button on the homepage and click on it.
Sign up on websites registration page.
Receive your personal account login from an automated email
Log in
Proceed to deposit funds to your account
Download the platform and start trading
Leverage
Oxi Markets offers leverage up to 1:500 across all its account types, providing traders with the ability to amplify their trading positions significantly.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads and Commissions
Oxi Markets offers low spreads starting from 0.9 pips across all account types. Additionally, there are no commissions on any of the account types.
Deposit & Withdraw Methods
Oxi Markets offers a variety of deposit and withdrawal methods, including Mastercard, Visa, Bitcoin, Tether, PayPal, and bank transfers. There are no limits, no commissions, and no delays for these transactions. The minimum deposit varies by account type, starting from USD 50 for the Silver account.
Trading Platforms
Oxi Markets offers the Oxi Xone Trader platform, which is available on multiple devices including Apple, Windows, and Android. This allows traders to trade anywhere and anytime using their preferred device.
Customer Support
Oxi Markets provides customer support through email and phone. You can reach them at support@oximarkets.com, support@oximarkets.xyz, or by calling +1 737 343 8124.
Educational Resources
Oxi Markets provides comprehensive educational resources to enhance your CFD trading experience. These include live webinars, market analysis, Forex-related videos, and online trading education e-Courses, offering everything you need to improve your trading skills and results.
Bonus
Oxi Markets offers two main types of bonuses. The first is a revenue-sharing program for introducing brokers, allowing them to earn up to 65% commission based on clients' trading activities. The second is an 8% discount on each deposit through OxiMoney vouchers. These vouchers are available in various denominations and offer an 8% discount, meaning a $100 voucher costs only $92.
Conclusion
Oxi Markets offers an extensive array of trading instruments and competitive trading conditions, including high leverage and low spreads without commissions. It also provides advanced trading platforms and educational resources. However, the lack of regulatory oversight significantly increases the risks associated with trading with Oxi Markets. Traders should weigh these advantages against the potential risks before deciding to trade with this broker.
FAQs
Is Oxi Markets regulated？
No, Oxi Markets is not regulated by any recognized financial authority.
What types of accounts does Oxi Markets offer？
Oxi Markets offers Silver, Gold, and Platinum accounts with varying minimum deposits and features.
What is the maximum leverage available at Oxi Markets？
The maximum leverage available at Oxi Markets is up to 1:500.
Are there any commissions on trades with Oxi Markets？
No, there are no commissions on trades with Oxi Markets.
How can I contact Oxi Markets customer support？
You can contact Oxi Markets customer support via email at support@oximarkets.com or support@oximarkets.xyz, or by calling +1 737 343 8124.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
