OXO Review (2025): Is it Safe or a Scam Platform?

When evaluating a new broker in the financial markets, the most critical metric is their reliability score. In our latest assessment of OXO, the platform has received a dangerously low WikiFX Score of 1.59 out of 10. This score is a primary indicator of high risk and potential illegitimacy.

OXO is a newly established entity (founded in 2025) claiming to be based in Saint Lucia. While they offer access to the popular MT5 trading platform, the combination of a low safety score, lack of regulatory oversight, and offshore registration raises significant red flags. This review details why trading with OXO poses a severe threat to your capital.

Regulatory Status and License Check: Unregulated

The most effective way to identify a potential scam is to verify regulatory licenses. A legit broker functions under the strict supervision of financial authorities (like the FCA in the UK or ASIC in Australia) to ensure fair play and fund safety. Conversely, huge risks arise when a broker operates without valid authorization.

According to the data retrieved from the WikiFX database, OXO is currently unregulated.

The Implications of Being Unregulated

The data indicates that OXO does not hold a valid license from any recognized financial institution. The broker is registered in legal jurisdictions like Saint Lucia, which are generally considered offshore zones with loose or non-existent oversight regarding forex trading.

Because OXO is unregulated, traders face specific, tangible risks:

1. No Segregated Accounts: There is no legal requirement for OXO to keep client money separate from company operating funds. This puts your deposits at risk of being used for corporate expenses or debts.
2. No Compensation Scheme: If the broker goes bankrupt or disappears, you have no recourse. Unlike regulated entities where compensation funds (like the FSCS or ICF) protect clients, unregulated offshore brokers offer no such safety net.
3. Conflict of Interest: Without regulatory reporting requirements, the broker may act as the counterparty to your trades, creating a scenario where they profit directly from your losses.

The lack of negative balance protection—typically mandated by top-tier regulators—means that using their high leverage could result in you owing the broker more money than you deposited.

Hidden Risks: Evaluating a “Zero Complaint” Profile

As of the time of writing, the WikiFX Exposure Center shows no confirmed user complaints against OXO. However, this should not be interpreted as a sign of safety.

OXO was established in 2025, making it an extremely new platform. Scams and fraudulent platforms often have a “honeymoon period” in their first few months of operation where they allow small withdrawals to build trust. Reports of withdrawal failures usually surface only after the broker has accumulated a significant number of victims.

Given the WikiFX Score of 1.59, the absence of complaints is merely a reflection of its short lifespan, not its reliability. By the time complaints begin to flood in, it is often too late for early investors to recover their funds. The low score serves as a preemptive warning system: do not wait for the first wave of victims to speak out before deciding to avoid the platform.

Trading Conditions: Fees, Leverage, and Platform Risks

While OXO provides access to the industry-standard MT5 (MetaTrader 5) platform, the trading conditions surrounding it are aggressive and high-risk.

Excessive Leverage

OXO offers maximum leverage of 1:400.

While high leverage is often marketed as a tool to maximize profits, in the context of an unregulated broker, it acts as a mechanism to drain client accounts quickly. Regulated markets often cap leverage at 1:30 to protect retail traders. A 1:400 ratio allows users to open positions 400 times larger than their capital, meaning a tiny market fluctuation can trigger an immediate margin call and total loss of funds.

Account Structures and “Bait” Pricing

The broker offers four account types:

• Standard: Minimum deposit $25.
• START-UP: Minimum deposit $100.
• PRO: Minimum deposit $100.
• ECN: Minimum deposit $500.

The low entry barrier of $25 for the Standard account is a classic tactic used to attract inexperienced traders who may not research the broker's regulatory status. Furthermore, the spreads on the Standard and START-UP accounts start from 1.8 pips, which is relatively high compared to industry leaders who typically offer huge stability for spreads closer to 1.0 or 1.2 pips.

Technical Security Gaps

Although the broker uses MT5, the software analysis indicates that the specific implementation used by OXO lacks biometric authentication (such as fingerprint or face ID) for secure login. In an era where digital security is paramount, the absence of two-step login features adds another layer of unnecessary risk to your account security.

Conclusion: Is OXO Recommended?

Based on a comprehensive review of the data, OXO is NOT recommended.

The broker exhibits multiple characteristics of a high-risk platform, if not an outright potential scam. The combination of a 1.59 WikiFX Score, no valid regulation, and an offshore registration in Saint Lucia outweighs any benefit provided by their MT5 platform or low minimum deposit.

The Verdict:

• Safety Score: 1.59 (Failing)
• Regulation: None (High Risk)
• Recommendation:Avoid / Blacklist

Traders are strongly advised to avoid depositing funds with OXO. There are thousands of regulated brokers with high safety scores who offer the same technical features with the added security of legal protection.

Protect your capital. To check the live regulatory status of any broker and avoid dealing with unregulated entities or clones, search for the broker's name on the WikiFX App before you trade.