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Score

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/10

OEXN

Cyprus|5-10 years| Benchmark AA|
Market Making(MM)|MT4 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://www.oexn.global/

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

629.1 Poor

MT4/5

Full License

OEXNLimited-Asia

United Kingdom
MT4
7

Benchmark

Speed:B

Slippage:B

Cost:AAA

Disconnected:B

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

7
Server Name
OEXNLimited-Asia MT4
Server Location United Kingdom

Contact

+357 24644212
support@oexn.com
https://www.oexn.global/
Suite 602 Kalimnou 1 Larnaca 6037 Cyprus

Licenses

VPS Special
+100%
2*CPU
2G*RAM
60G*HDD
2M*ADSL
※ OEXN Real Accounts Only ※
Free

Contact number

English

+357 24644212

Broker Information

More

Company Name

OEXN Limited

Company Abbreviation

OEXN

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-05-25
  • The Mauritius FSC regulation with license number: GB21026677 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

OEXN · Benchmark
Average transaction speed(ms)
629.1 Poor
The highest transaction speed(ms)
90 Great
The highest speed of opening positions(ms)
90 Great
The highest speed of closing position(ms)
116 Great
The lowest speed of opening positions(ms)
1641 Good
The lowest speed of closing position(ms)
1992 Poor
Ranking: 31 / 134
Test user 279
Orders 3,647
Ocuppied margin $360,532 USD
Data Source WikiFX Data provide
Updated: 2024-05-24 01:05:SS

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OEXN · Company Summary

OEXN Review Summary in 10 Aspects
Founded 2-5 years
Registered Country/Region Cyprus
Regulation CYSEC regulated; FSC offshore regulated
Market Instruments Forex, Stocks, Precious Metals, Indices, Commodities, Energy, Options, ETFs
Demo Account Available
Social Trading Yes
Leverage Not explicitly stated
EUR/USD Spread 5 pips
Trading Platforms MT4/5, Multi-Asset Trader
Minimum Deposit USD 20
Payment Methods Wire Transfer, Credit/Debit Cards, Help2Pay, WeChat Pay, Alipay
Customer Support Phone, Address, Email, Live chat, Social media, Contact us form

What is OEXN?

OEXN is a global brokerage firm based in Cyprus with head office in Mauritius and many other branches all over the world. It provides traders with access to market instruments including Forex, Stocks, Precious Metals, Indices, Commodities, Energy, Options, ETFs. It is currently under CYSEC (Cyprus Securities and Exchange Commission) regulation with license no. 423/22 and offshore regulated by FSC (The Financial Services Commission) with license no. GB21026677.

OEXN's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• CYSEC regulated • FSC offshore regulated
• Multiple customer support channels • Lack of transparency on commissions
• MT4/5 trading platform • Wide spreads
• No deposit/withdrawal fees
• Multiple payment methods

Is OEXN Safe?

When considering the safety of a brokerage like OEXN or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It currently under CYSEC (Cyprus Securities and Exchange Commission) regulation with license no. 423/22 and offshore regulated by FSC (The Financial Services Commission) with license no. GB21026677. The regulation status makes it appears reliable, but it is important to note that experience alone does not guarantee the legitimacy or security of a brokerage.

regulated by CYSEC
offshore regulated by FSC
  • User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the company. Look for reviews on reputable websites and forums.

  • Security measures: OEXN reinforces its commitment to client security by implementing segregated accounts, ensuring that client funds are kept separate from the company's operational capital. This measure adds an extra layer of protection and safeguards client investments in the event of unforeseen financial circumstances, enhancing trust and confidence in the platform.

Ultimately, the decision of whether or not to trade with OEXN is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

OEXN presents a comprehensive range of market instruments, catering to the diverse trading preferences of its clients.

These include Forex, providing access to the dynamic foreign exchange market for currency pair trading.

For equity enthusiasts, OEXN offers a selection of stocks for trading.

Precious metals like gold and silver are also available, serving as safe-haven assets for portfolio diversification.

Traders can speculate on broader market movements through indices and engage with the commodity market by trading commodities and energy resources.

Options and ETFs further enhance trading opportunities, enabling traders to implement a wide array of strategies across various asset classes.

market-instruments

Accounts

OEXN provides traders with the flexibility of choosing between a demo account and a live account, catering to traders of all levels.

For those looking to explore and practice their trading strategies risk-free, the demo account offers an ideal environment.

When ready to trade with real capital, OEXN maintains an accessible entry point with a minimum deposit requirement of just USD 20 for a live account. This affordability ensures that traders can get started with live trading without a significant initial financial commitment.

Accounts

Spreads & Commissions

OEXN s spread for EURUSD is relatively uncompetitive, standing at 5 pips. This wide spread may not align with the expectations of traders seeking more cost-effective trading conditions, especially when compared to brokers offering tighter spreads in the highly liquid EURUSD market.

Additionally, specific commission details are not available on their website, which can make it challenging for traders to assess the complete cost structure associated with trading this pair through OEXN. Traders may want to consider these factors when evaluating OEXN's offerings and explore alternative brokers that offer more competitive pricing for their trading needs.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commissions (per lot)
OEXN 5 pips Not specified
Plus500 From 0.5 pips No commissions
eToro From 0.75 pips No commissions
Swissquote From 0.6 pips Variable (depending on account)

Trading Platforms

OEXN provides traders with a versatile array of trading platforms, ensuring accessibility across multiple devices and operating systems.

With the choice of popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), traders can leverage advanced charting tools, technical indicators, and expert advisors to enhance their trading strategies.

Additionally, OEXN offers their own Multi-Asset Platform (MAP) platform, expanding trading possibilities across various asset classes.

Whether traders prefer the familiarity of Windows or Linux desktops or the flexibility of trading on Android and iOS mobile devices, OEXN's platform support ensures seamless access to the financial markets, allowing traders to trade with ease and convenience.

Trading Platforms

Overall, OEXN trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders

See the trading platform comparison table below:

Broker Trading Platforms
OEXN MT4/5, Multi-Asset Platform (MAP)
Valutrades MT4, MT5, cTrader, WebTrader
Pepperstone MT4/5, proprietary platform
Admiral Markets MT4

Trading Tools

OEXN empowers traders with a comprehensive suite of trading tools designed to enhance their decision-making and risk management capabilities.

These tools encompass risk management features that include stop-loss and take-profit orders, helping traders protect their investments.

Additionally, OEXN provides access to live economic indicators, enabling traders to stay updated on real-time economic data and make informed trading decisions based on economic developments.

Moreover, news trading tools keep traders informed of breaking news and events that can influence financial markets, helping them react promptly to market-moving information.

Furthermore, a Virtual Private Server (VPS) offered by the broker is also an invaluable trading tool that offers traders a dedicated and stable environment for their automated trading strategies, ensuring uninterrupted connectivity and minimal latency, even in the fast-paced world of financial markets.

Trading Tools

Social Trading

OEXN goes beyond traditional trading by offering a unique social trading experience to its clients.

Through internal and global social trading platforms, traders can engage with a dynamic community of investors and experts, sharing insights and strategies.

Internal social trading allows traders to connect within the OEXN ecosystem, facilitating the exchange of ideas and trade copying among users.

On a global scale, OEXN opens doors to a broader network of traders worldwide, enabling cross-border collaboration and diversification.

These social trading features create a collaborative environment where traders can learn from each other, share trading wisdom, and potentially enhance their trading performance by tapping into the collective knowledge of the trading community.

Deposits & Withdrawals

Deposit and withdrawal methods, fees and processing time are as below:

Deposit Method Min. Deposit Amount Max. Deposit Amount Processing Time Deposit Fees Min. Withdrawal Amount Processing Time Withdrawal Fees
Wire Transfer $100 Unlimited 3 to 5 business days No Fees $50 2 to 10 business days None
Credit/Debit Cards $100 $10,000 Instant Payment No Fees $50 2 to 10 business days None
Help2Pay $20 $10,000 Instant Payment No Fees $50 3 business days None
Sticpay $20 $10,000 Instant Payment No Fees $50 1 business day None
WeChat Pay $100 $10,000 Instant Payment No Fees $50 1 business day None
Alipay $100 $10,000 Instant Payment No Fees $50 1 business day None

Customer Service

OEXN provides multiple customer service options to assist its clients. Customers can reach out to OEXN through various channels to address their queries and concerns as below:

Phone: 066-512-6574

Email:operations@oexn.global.

Address: Edith Cavell Street 33, Port-Louis 11324, Mauritius

Moreover, traders can access real-time assistance through live chat, submit inquiries via a convenient live chat, “Contact Us” form, or engage with the broker through social media platforms such as Facebook, Twitter, Linkedin.

contact details

Education

OEXN offers the “Why Trade Forex” page and the inclusion of a comprehensive “Forex Glossary” as educational resources, demonstrating the broker's commitment to equipping traders with the knowledge and tools needed for successful trading.

The “Why Trade Forex” section offers insights into the unique advantages and opportunities presented by the forex market, helping traders understand why it's a compelling choice.

On the other hand, the “Forex Glossary” serves as a valuable reference, providing explanations of essential terms and jargon used in the forex world.

Together, these resources empower traders with the information necessary to make informed decisions, manage risks, and navigate the complexities of the forex market confidently.

Conclusion

According to available information, OEXN is a CYSEC-regulated Cyprus-based brokerage firm who headquartered in Mauritius with branches all over the world. Notably it is also offshore FSC regulated. While the firm offers a range of market instruments such as Forex, Stocks, Precious Metals, Indices, Commodities, Energy, Options, ETFs as market instruments to traders, it is important to consider certain factors such as offshore regulations that might raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from OEXN before making any investment decisions.

Frequently Asked Questions (FAQs)

Question 1: Is OEXN regulated?
Answer 1: Yes, it currently under CYSEC (Cyprus Securities and Exchange Commission) regulation with license no. 423/22 and offshore regulated by FSC (The Financial Services Commission) with license no. GB21026677.
Question 2: Does OEXN offer the industry leading MT4 & MT5?
Answer 2: Yes, OEXN offers both MT4 and MT5 on Windows, iOS, Linux and Android devices.
Question 3: Is OEXN a good broker for beginners?
Answer 3: Yes, it‘s a good broker for beginners because it’s well regulated by CYSEC.
Question 4: Does OEXN offer demo accounts?
Answer 4: Yes.
Question 5: What is the minimum deposit for REDSTONE?
Answer 5: The minimum initial deposit is USD 20.

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. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

OEXN: Grateful for the Journey Together, Annual Summary 2023

NewsOEXN: Grateful for the Journey Together, Annual Summary 2023

2024-01-23 14:52

OEXN, as an international financial brokerage, carries the expectations and recognition of everyone. In 2023, OEXN achieved significant breakthroughs in the Asian and Southeast Asian markets, bringing a brand new trading service experience to more clients.

WikiFX
2024-01-23 14:52
News
OEXN: Grateful for the Journey Together, Annual Summary 2023
On WikFX, traders leave a lot of comments because of OEXN

NewsOn WikFX, traders leave a lot of comments because of OEXN

2023-09-26 17:31

In this review article, we will delve into essential details about OEXN, as assessed by WikiFX, a renowned broker review platform. WikiFX evaluates brokers based on several criteria, including regulatory status, account types, leverage, and exposure.

WikiFX
2023-09-26 17:31
News
On WikFX, traders leave a lot of comments because of OEXN

User Reviews

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21

Comments

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Arjun Kapoor
more than one year
OXEN's social trading is amazing. I followed an expert called John a few days ago, and you guess what, my traders copid made profits! OXEN social trading is magic and i am gonna put more money in!💵💵💵
2024-05-16 14:44
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0
0
Oliver Johnson AI
more than one year
I recently opened a live account the experience has been good so far. Low spread, helpful support team and decent bonus offered. 👍
2024-05-16 13:53
Reply
0
0
Ashley Davis
more than one year
Trading signals and technical analysis here is a real asset. It's helped me a lot in trading, and their customer service is always on point.
2024-04-30 17:21
Reply
0
0
.W
more than one year
So, this sketchy broker is stealing money. Every transaction has slippage, even when there's no news or liquidity issues. You should know that your stop-loss won't trigger as you expect. It'll siphon off at least $100 per lot. And when you open a trade, it's either at 9 or 7 o'clock position. It's sickening, really. They're stealing in three ways: slipping the stop-loss, opening trades far away from you, and closing them at half the price. Imagine, when you close a trade, they've snatched half of the amount. Ha! I always have evidence that a quarter of my money gets stolen, sometimes even half.
2024-03-22 15:39
Reply
0
0
解决所有搭建问题
more than one year
I have been using Mustang for almost 3 years. The trading environment is quite good. I deal with the right people and avoid detours.
2023-12-07 11:20
Reply
0
0
汇海扬帆GO
more than one year
Overall, it's good. There are many activities and it's quite professional. It would be better if there were more products.
2023-12-06 15:43
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0
0
Evangeline
more than one year
Alrighty, here’s the low-down on OEXN. The platform is slick and simple to use. If you're a newcomer, their resources will save your bacon. But honestly, their customer service can be a bit of hit or miss. Sometimes you get a response in a flash, other times it's like waiting for rain in a drought. And the lack of trading instrument choices is kinda disappointing. If your trading game is on point and you're after variety, OEXN might not float your boat.
2023-12-01 10:49
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0
0
Penelope Arabella Winthrop
more than one year
So, I've been monkeying around with OEXN for a few moons now. Gotta tell you, their platform is as smooth as butter. No headaches or tech glitches to speak of. And can we just talk about their customer service for a second? They're on the ball, my friend, always ready to lend a helping hand. Just wished they had more trading instruments on offer. But other than that, OEXN is hitting all the right notes for me so far!
2023-11-30 15:25
Reply
0
0
XAUUSD366
6-12months
I have opened an account and traded on OEXN for a while. The platform is stable ,deposits and withdrawals are convenient and fast, which is more real than any other aspect. The trade-off habit of traders. During these years of the epidemic, the stock market economy has really not made much money. With such international trading opportunities, everyone can really learn slowly. With flexible thinking, your life will be infinitely broad. This is my deep feeling. You really need to learn a lot in this life.
2023-06-27 01:04
Reply
0
1
NEWS MARUBOZU
6-12months
TRUSTED BROKER FOR ALL TRADER
2023-06-23 05:02
Reply
0
1
NioFX
6-12months
Forex industry has been one of the most popular realm nowadays due to the promises of the profitable deals we can make during trading. Choosing a forex broker requires you first to figure out what type of investor you are and your goals in investing in currencies. OEXN provide comprehensive trading tools, competitive commission-based pricing, suitable for forex and CFD traders. Theses are what i want. And it also provide trader-friendly platform and pure ECN.
2023-06-21 17:09
Reply
0
2
NioFX
6-12months
OEXN is one of the several platforms we are currently cooperating with. I am deeply impressed by the stability of the platform, customer service and the professionalism of their technical department. After years of experience, I also have my own standards in the selection of many platforms. Financial platforms ultimately look at service, professionalism, and integrity. Therefore, when choosing a platform, I don’t pay much attention to external things. The premise is that under formal supervision, smooth transactions, convenient and fast deposits and withdrawals, and professional customer service are the key. The most rare. I will continue to pay attention, and hope that the platform will be better and better, and I will not forget my original intention.
2023-06-21 16:32
Reply
0
1
FX3478885748
more than one year
Good spread and the swap free is very good
2023-05-30 15:15
Reply
0
2
FX4134313493
more than one year
Tight spread , excellent service , lifetime Swap free Great trading with the platform
2023-05-30 10:57
Reply
0
2
Sanna-OEXN
more than one year
Agent activities and customer activities are very powerful, and the policy is very good
2023-05-29 13:18
Reply
0
2
OEXN总部直招最高返佣
more than one year
I was recommended by an acquaintance to use this platform before, and I have been in an ECN account because of trust. It is very convenient to deposit and withdraw funds, the trading environment is also good, and the account manager is also very dedicated. The disadvantage is that there is not much promotion. I recommend it to my friends. Do more promotion on the platform
2023-04-21 16:08
Reply
0
3
KlipC跟单社区陈嘉莉
more than one year
Recommended by users in the community, I registered a small account for transactions. The cost is low and there is no need to calculate. The transaction process is smooth, and the deposit is quite convenient. I feel that there are not many people using them. I don’t know if there is no promotion of customer service in China. The tourist model is self-exploring
2023-04-20 17:16
Reply
0
3
oexn小王
more than one year
The trading environment on the platform is relatively safe, and the market data fluctuates little
2023-04-07 09:51
Reply
0
4
FX5713296822
more than one year
This platform can be compared with the mainstream ones. The trading environment is transparent and stable, and the spread is still very low. For traders, it has advantages. . .
2023-04-03 13:14
Reply
0
4
凡1688
more than one year
I highly recommend OEXN for their transparent trading environment, competitive spreads, and excellent customer service. I have found their representatives to be very patient and helpful, and the withdrawal process has been smooth. Overall, I am very satisfied with my experience trading with OEXN and would definitely recommend them to others looking for a reliable and trustworthy broker.
2023-03-28 10:39
Reply
0
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