Oxtrades Review

About Oxtrades

OxTrades operates under the name Voya Group (IBC) Ltd, incorporated in Saint Lucia with registered number 2024‑00158 and registered address at Adco Incorporated, #10 Manoel Street, Castries, Saint Lucia; it offers CFD trading across six asset classes including forex, commodities, indices, stocks, and cryptocurrencies, and displays trading via platforms such as MT4, MT5, ProRealTime, and cTrader. The website claims to offer AI-driven tools, account managers, and a risk warning for CFDs. The domain oxtrades.com was registered on January 24, 2024. The broker does not provide verifiable regulatory licenses. The Financial Services and Markets Authority (FSMA) of Belgium has placed OxTrades on its warning list as a fraudulent trading platform, and the Autorité des marchés financiers (AMF) in Quebec issued a similar warning advising avoidance. Numerous user complaints report issues with withdrawals, blocked accounts, and unresponsive support. ,

Pros and cons

Pros

• No verifiable regulatory oversight by reputable authorities such as FCA, ASIC, or CySEC; registered only in a jurisdiction lacking financial oversight (Saint Lucia).
• Regulatory warnings issued by FSMA (Belgium) and AMF (Quebec) classifying OxTrades as fraudulent and advising against use.
• Multiple user complaints regarding blocked withdrawals, poor customer service, and unfulfilled profit promises.

Cons

• The broker presents services such as AI-powered trading tools, multiple platform support (MT4, MT5, ProRealTime, cTrader), and diverse asset classes including forex, commodities, stocks, indices, and cryptocurrencies.