Score

1.38 /10
Danger

Oxtrade

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index6.03

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Warning

ID BAPPEBTI
2023-04-20
Blocking 218 Website Domains, CoFTRA Reminds Investment Risks in Illegal Entities
Oxtrade
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Danger

ID BAPPEBTI
2022-09-20
Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities
Oxtrade
Nadex
XtreamForex
NordFX EU
AccuIndex
PO TRADE
Binarycent
VOBLAST
FXPrimus
Deriv
InstaForex
INFINOX
HSB Forex Trade
Fxview
Fidelcrest
LegacyFX
FBS
MarketsVox
EVEREST
TriumphFX
Exclusive Markets
ForexVox

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Oxtrade · Company summary

Note:Oxtrade Website's official website:https://flyoxtrade.com/ is currently inaccessible normally.

AspectInformation
Company NameOxtrade Website
Registered Country/AreaSaint Vincent and the Grenadines
Founded Year2012
RegulationUnregulated
Customer SupportSocial Media(Facebook):https://www.facebook.com/oxtrade.oxtrade

Oxtrade Website Information

Founded in 2012 and housed in Saint Vincent and the Grenadines, Oxtrade functions as an unregulated trading platform. Their Facebook page at https://www.facebook.com/oxtrade.oxtrade offers customer help.

Oxtrade Website Information

Is Oxtrade Website Legit or a Scam?

Oxtrade runs without any government control, so traders run more possible risk because of the lack of external control and compliance criteria.

Is Oxtrade Website Legit or a Scam?

Downsides of Oxtrade Website

Oxtrade runs without any regulatory control, hence traders run more risk since no outside control guarantees the dependability and compliance of the platform.

The platform has come under scrutiny for having a dubious scope of business and questionable overruns, therefore pointing possible fraudulent activity and unstable operations.

Users have questioned the validity of Oxtrade further by reporting difficulties with withdrawal and noting that the company's stated address in Saint Vincent and the Grenadines does not exist.

Negative Oxtrade Website Reviews on WikiFX

Exposure is defined on WikiFX as user-generated word-of-mouth.

Traders should review content and assess risks before trading on unregulated platforms. Regarding connected specifics, kindly check our platform.

Oxtrade Website was exposed two times on wikifx. I shall introduce each one of them.

Exposure.1 URL redirects

Negative Oxtrade Website Reviews on WikiFX
ClassificationURL redirects
DateMarch 20th,2023
Post CountryNew Zeland

The client expressed worries regarding the company's validity and started looking for alternative possibilities once Oxtrade's website redirected to another site.You should visit:

https://www.wikifx.com/en/comments/detail/Co202303201541663025.html

Exposure.2 Scam

Negative Oxtrade Website Reviews on WikiFX
ClassificationScam
DateMarch 6th,2023
Post CountryUnited States

The customer said Oxtrade is a fraud claiming to be located in Saint Vincent and the Grenadines but has a phoney address.One should visit:

https://www.wikifx.com/en/comments/detail/Co202303064171515047.html

Conclusion

Being unregulated, Oxtrade boasts dubious business policies and several user complaints about withdrawal, fictitious addresses, and website redirecting. To guarantee a safer and more dependable trading experience, it is strongly advised to pick controlled brokers with open practices.

User Reviews

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User comment

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Comments

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FX1377871412
more than one year
It's really strange, I found that after Oxtrade's website was opened, it was tradesiaofficial's website. The url is also changed automatically. I am very puzzled, is this company closed down? Forget it, I won't waste my time here. With so many companies in the foreign exchange industry, I have many other options.
It's really strange, I found that after Oxtrade's website was opened, it was tradesiaofficial's website. The url is also changed automatically. I am very puzzled, is this company closed down? Forget it, I won't waste my time here. With so many companies in the foreign exchange industry, I have many other options.
Translate to English
2023-03-20 10:06
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ta
more than one year
Don't trust this company. Oxtrade is really a scam. They call you and tell you that the company is situated in Saint Vincent and the Grenadines, but it is not true. The company address does not exist.
Don't trust this company. Oxtrade is really a scam. They call you and tell you that the company is situated in Saint Vincent and the Grenadines, but it is not true. The company address does not exist.
Translate to English
2023-03-06 18:47
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