Note: OX's official site - http://www.oxmarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What Is OX？
OX Capital Markets Limited, based in Cyprus, claims to be regulated by CYSEC, but its license has been flagged as a suspicious clone. Additionally, its regulatory status with CNB (Cyprus National Bank) has been revoked. The company's website is dead and there is limited information available about its operations and services.
Pros & Cons
Cons:
Suspicious Cloned and Revoked Regulation: OX faces regulatory concerns due to its status as a suspicious clone of the Cyprus Securities and Exchange Commission (CYSEC) and having its license revoked by the Czech National Bank (CNB).
Dead Website: The OX website is already dead, which indicates a lack of updates, maintenance, or support. A dead website is a significant red flag for potential clients.
Scarce Information Can Be Found: There is a notable scarcity of information available about OX, including its services, offerings, and operational status, which shows transparency issues.
Is OX Safe or Scam？
Additionally, OX asserted regulation by the Czech National Bank (CNB) with a retail forex license; however, this license was revoked.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Customer Support
OX provides customer support through telephone and email. Clients can reach their support team by calling +357 25 025 066 or emailing info@oxmarkets.com. These avenues offer direct communication for addressing inquiries, assistance, or resolving issues promptly.
Conclusion
OX is operating with abnormal regulations. Due to its dead official website and the scarcity of information online, potential investors should be more cautious. We do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: Is there a live chat channel？
A: No, there is not.
Q: Is OX regulated or not？
A: Yes, it is, however, the licenses are marked as “Suspicious Clone” and “Revoked” respectively.
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.
