Oxi Markets Review

About Oxi Markets

Oxi Markets is operated by Oxi Markets Group LLC, registered in Saint Vincent and the Grenadines at First floor, First St. Vincent Bank Building, P.O. Box 1574, James Street, Kingstown. No evidence was found of regulation by any recognized financial authority such as the FCA, ASIC, CySEC, or SEC/CFTC; Saint Vincent’s FSA does not regulate forex activities. Claims of licensing by FSA of Saint Vincent are unsupported by official records. These facts align with public alerts indicating that Oxi Markets is unregulated and thereby lacking client fund protection. ,

Oxi Markets offers trading in instruments such as forex, indices, cryptocurrencies, shares, and commodities via a proprietary platform called Xone Trader, with advertised leverage of up to 1:500, a minimum deposit of USD 50, and spreads reportedly starting from 0.9 pips. There is no mention of common industry standards such as segregated accounts, negative balance protection, or compensation schemes. ,

The Central Bank of Russia identified “OXI MARKETS” as displaying signs of being an illegal professional securities market participant, referencing domains oximarkets.com and my.oximarkets.com in a warning dated 22.04.2022.

Pros and cons

Pros

• Wide variety of tradable assets including forex, indices, cryptocurrencies, shares, and commodities.
• Low minimum deposit threshold (USD 50).

Cons

• Unregulated by any reputable financial authority; claims of regulation by SVG FSA are unverified.
• No client protection measures such as segregated accounts, negative balance protection, or regulatory compensation schemes.
• Red flag raised by Bank of Russia identifying the broker as potentially operating illegally.
• Proprietary trading platform (Xone Trader) lacks industry-standard features offered by platforms like MT4/MT5.