Is Ox Securities Legit, Regulated, or a Scam? – Full Regulatory Overview

Is Ox Securities a Legit Broker or Potential Scam? In-Depth Review

Ox Securities claims to be regulated by the Australian Securities and Investments Commission (ASIC) under license number 438402. However, public databases including WikiFX show that this ASIC license is unverified—meaning it lacks full regulatory validation for offering services internationally, particularly to retail clients.

In addition, Ox Securities Pty Ltd has been placed on the CFTC RED List, indicating it is not registered to legally solicit clients in the United States. These issues raise concerns about jurisdictional compliance and highlight the need for traders to verify the broker's operational legitimacy within their own country.

What FAQs Do Customers Have about Ox Securities Regulation?

Is Ox Securities fully regulated?

It holds an ASIC license, but the license is currently marked as unverified and may only cover wholesale clients in Australia.

Why is Ox Securities on the CFTC RED List?

Because it offers services to U.S. clients without being registered with the CFTC, violating U.S. regulatory requirements.

Is Ox Securities a scam?

It is not confirmed to be a scam, but the lack of verified regulation and presence on regulatory watchlists means traders should proceed with caution.

Does ASIC protect Ox Securities clients?

Only wholesale clients in Australia are potentially covered. Retail clients and international users may not be protected.

What should I do before trading with them?

Verify your jurisdictions rules, request proof of license, and consider using brokers with confirmed retail regulation.

How Is Ox Securities Regulated Across Jurisdictions?

⚠️ Important: The ASIC license is marked unverified and only applies to wholesale clients. U.S. traders are strongly discouraged from using this broker.