Note: OXDFX is to operate via the websites - http://www.oxfordforex.com/en/ and http://www.oxdfx.com/en/, which are currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
OXDFX, a trading name of Oxford Forex limited, is allegedly an offshore forex brokerage registered in the United Kingdom on 13 September 2016, claiming to provide its clients with leverage up to 1:400 and floating spreads from 1.5 pips.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, trading platform, etc.
As for regulation, it has been verified that OXDFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.95/10. Please be aware of the risk.
Market Instruments
OXDFX advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
OXDFX claims to offer three types of trading accounts - Standard, ECN and Pro, with a minimum initial deposit requirement of $500.
Leverage
The specified leverage for different account types at OXDFX varies between 1:50 and 1:400. Leverage is adjusted based on the deposit amount. Specifically, 1:400 for investments less than or equal to $5W, 1:200 for $5W~$10W, 1:100 for $10W~$15W, and 1:50 for deposits more than $15W. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
All spreads with OXDFX are a floating type and scaled with the accounts offered. For example, clients on the Standard account can experience spreads from 2.3 pips, while the Pro account members can enjoy tighter spreads from 1.5 pips.
Deposit & Withdrawal
The minimum initial deposit requirement at OXDFX is said to be as high as $500. Without access to its official site, we cannot say what kind of payment methods are available with the broker.
Customer Support
OXDFXs customer support can be reached by telephone: +40 (0) 2077969911, email: cs@oxdfx.com, info@oxdfx.com. Registered address: 5 Frederick's Place, London, EC2R 8JQ, UNITED KINGDOM.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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