The broker OXShare claims to have 10 years of experience, over 200 employees, 170,000 clients, $1 billion in capital, $640 million in transaction volume, and forex awards. This information is provided on the website of a brokerage in Saint Lucia. While the statistics may seem impressive, it’s important to verify the credibility of a company registered in an offshore jurisdiction. Is it true that the organization has been operating since 2013, and what are the trading conditions offered here? Our review will seek to answer these questions, as well as explore the trading platform used and the opportunities available to traders.
How to Trade
OXShare offers three types of accounts to choose from:
- Standard. The minimum deposit is $5. It includes spreads from 0,5 pips and leverage up to 1:300.
- Classic. From $3,000. Spreads from 0,3 pips, and leverage up to 1:400.
- VIP. The minimum deposit is $50,000. Zero spread, and leverage up to 1:500.
Beginners can start with a demo account to practice trading without risking real money. OXShare also offers a swap-free feature. Trading is conducted on the popular MetaTrader 5 platform (available for Windows, Mac OS, Android, iOS, and WebTrader).
This CFD broker provides access to forex, metals, indices, commodities, cryptocurrencies, and stocks. Traders are offered a partnership program, MAM accounts, educational resources, webinars, and an economic calendar.
OXShare Vital Info
The company claims to have 10 years of experience in the forex industry, but the official website’s domain was registered in 2021. Additionally, the awards were only received in 2021 and 2022. It raises questions about how OXShare could have operated without a website before. Perhaps they had a different domain or brand in the past?
The broker is officially registered in three jurisdictions: Saint Lucia, Saint Vincent and the Grenadines, and Mozambique. While these legal entities are indeed registered in these countries, it’s essential to understand that forex broker activities are not regulated in these jurisdictions, so there can be no maximum security guarantees.
Yes, they are just ordinary scammers. They lie about their long-term operation. OXShare is engaged in illegal and unlawful activities. Don't trust them!
Some obscure company... I've never heard of such an organization before. Their claimed establishment date in 2013 looks highly dubious. The domain oxshare.com was registered only in 2021, yet they claim to have been a broker for 8 years before that. Moreover, their social media presence is also quite recent, and online reviews are rather scarce. So, I think the company might be lying, but I don't have the whole truth...
I've had dealings with OXSHARE. I can't say anything particularly good, but I also can't comment on anything bad. The broker's service and support are somewhere in the middle. I would give the organization a neutral rating.
Order execution was sometimes poor, and there were occasional unexplained access restrictions to the personal account. The company's managers often try to offer bonuses and promotions, which can be distracting and hinder your focus on trading. I also have significant doubts about the ECN model. Maybe on the third account type, yes, there is ECN, but on the first two, it's definitely a dealing desk. OXSHARE may be suitable for some, but not for everyone. Spreads here are higher than what's indicated in the account types. Why they do this, I don't know. The high leverage of 1:100-1:500 also raises questions about the ECN model. So, I traded for a week, withdrew my funds, and started looking for another intermediary, one that was safer and more reliable.
I would recommend refraining from trading with OXShare. Firstly, it's an offshore broker, and there should be no inherent trust in such organizations. Saint Lucia and Grenada are notorious offshore havens with a questionable reputation. Secondly, speaking of reputation, the scammers don't have a very good one either. The broker is relatively unknown. Thirdly, in reality, there are no licenses here. SVGFSA, SFSA, and Mozambique are not regulatory bodies that oversee the activities of forex companies, so the presence of these financial commissions is irrelevant. Fourthly, the actual duration of their operation is not since 2013 but later. It is evidenced by the domain, social media presence, and the limited number of reviews. Fifthly, the firm appears to be just another scam.
I'll give it 1 star because OXShare looks extremely dubious and risky.
The spreads are actually higher than 0.5 pips. In this regard, the broker has certainly not been truthful. Constant bonuses and promotions also don't bode well. And the leverage – well, that's a classic sign of a B-book broker. I don't know, I don't know. You can give it a try, but it's not advisable to invest large sums.
My collaboration with Oxshare has been ongoing for 3 months. During these three months, I haven't encountered any critical issues or errors in the platform's operation or with the broker. Overall, everything is good and excellent. The managers are not intrusive. Order execution is instant, and the low spreads are very pleasing.
I have the second account type, so the spreads are very low. The company allows using any trading strategy because it's an ECN broker. This also indicates a lack of conflict of interest, so the firm has no reason to work against traders.
In short, it's an excellent intermediary with a top-notch platform and the most advantageous conditions.
It's a good brokerage company that allows active intraday trading and earning money. I came across OXShare in the summer of 2022. My previous broker significantly worsened the trading conditions, so I urgently needed to change my brokerage partner. That's when I stumbled upon this firm. I initially tested the service on a free demo account and later deposited $50. I gradually increased the balance size to assess the broker. When I received money from OXShare once again, I deposited a substantial amount of $4,000 and started serious trading. I've earned over $20,000 during this time, so the firm can be trusted. I haven't encountered any issues with order execution or the platform's functionality. The broker consistently processes withdrawals, and there's no long waiting period. I really like it here.
Yes, oxshare is registered in Saint Lucia, Grenada, and Mozambique, but these are offshore jurisdictions that do not have as stringent regulatory oversight as the United Kingdom and other European countries where serious regulators operate. Therefore, you are investing your money at your own risk. I prefer working with companies regulated by the FCA, which is one of the most reputable governmental regulators in the Forex industry.
oxshare may appear to be a good and profitable broker, but the risk is high due to its offshore registration. If you don't mind this, then, of course, you can trade comfortably. However, I wouldn't do it with deposits exceeding $2,000-$3,000 as it is risky.
It's a typical brokerage company offering leveraged CFD trading. I also agree that their statistics appear to be inflated. However, Oxshare has been in operation for several years, and they don't seem to be involved in fraudulent activities. Personally, I have no reason to write against them. I even have an acquaintance who trades here, and he's doing well – money is being withdrawn, and there's a profit. Although, it's true that his deposit is not large. So, there's no information on how the platform behaves with larger deposits.
There's nothing worse than falling into the hands of a black and illegal broker. I don't know if you can trust OXShare or not, but what I see here is a regular brokerage firm. There's nothing unique about it because all the services they offer are available with any other broker. The question is, what sets this firm apart and why should traders come here to trade? I don't see any unique advantage. If some trader acquaintance offered me to trade with OXShare and proved the company's financial stability, I might consider it.