OEXN Overview:
OEXN is a forex broker established in Cyprus in 2022, with two main entities: OEXN Broker Ltd and OEXN Limited. OEXN Broker Ltd is authorized and regulated by the Financial Services Commission (FSC) of Mauritius, with its registered address located at 33, Edith Cavell Street, C/o IQ EQ Fund Services (Mauritius) Ltd. Port-Louls, 11324. In addition, OEXN Limited has completed registration with the Cyprus Securities and Exchange Commission, with its registered address located at 1 Kalimnou Street, Office 602, 6037, Larnaca, Cyprus. According to the results of a WHOIS query, the official domain name of the broker was registered on April 13th, 2022, indicating a relatively short registration period.
Is OEXN Legit or a Scam? Does OEXN Have Any Regulatory Licenses?
OEXN is a broker that specializes in providing products and services for global financial markets. Its headquarters are located in Mauritius, with multiple branch offices worldwide, including its headquarters in Cyprus. As a well-known trading service provider, it offers customers a wide range of market tools, including forex, stocks, precious metals, indices, commodities, energy, options, ETFs, and more. These tools can help customers respond quickly to market changes and enhance their trading strategies.
The company is currently regulated by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 423/22. The regulatory information of this entity has been confirmed on the CySEC website. In addition, it is also authorized and regulated by the Financial Services Commission (FSC) overseas, with a license number of GB21026677. These regulatory bodies' supervision and license certificates indicate that OEXN complies with relevant regulatory standards and provides a secure and reliable trading environment. OEXN is committed to maintaining a highly transparent, honest, and fair trading environment, ensuring the safety and privacy of customer funds, and has won the trust and praise of many traders.
Trading Products Provided by OEXN:
OEXN offers a comprehensive and diverse range of trading products to meet the investment needs and preferences of different clients. Various market tools cover forex, stocks, commodities, precious metals, indices, energy, and more, encompassing a wide variety of investment types and risks. Here is a further description of each market tool:
- Forex Market: OEXN provides a wide range of currency pairs for trading, including major and minor pairs such as EUR/USD, GBP/USD, AUD/USD, and others. These trading products create a dynamic market environment, providing clients with opportunities to achieve high returns through currency trading.
- Stock Market: OEXN offers multiple stock trading options, covering globally renowned stock markets. Whether clients prefer Asian, European, or American stock markets, they can find suitable stock trading products on OEXN.
- Precious Metals Market: Precious metals like gold and silver are considered safe-haven assets, performing well in unstable markets. OEXN provides various options for trading precious metals, offering clients diversified investment choices.
- Indices Market: OEXN offers a variety of index trading options, including Dow Jones, Nasdaq, S&P 500, and others. This allows clients to speculate on the entire market rather than individual stocks.
- Commodities Market: The commodities market covers trading in major commodities such as oil, natural gas, gold, silver, and more. OEXN provides multiple options for trading commodities, enabling clients to engage in speculation and risk management in the commodities market.
- Options and ETF Market: In addition to the aforementioned markets, the company also offers derivative products such as options and ETFs to help clients better achieve their investment goals. The options and ETF market provides a wide range of strategic choices and serves as an important tool for risk management.
In summary, OEXN offers a broad and diverse range of market tools to assist clients in achieving their investment objectives across various markets. The company strives to provide convenient and efficient trading services for its clients.
Trading Software Provided by OEXN：
OEXN provides traders with multiple trading platforms to ensure they can easily engage in financial transactions across devices and operating systems.
Traders have the option to choose popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 and MT5 are two forex trading platforms developed by MetaQuotes Software. They offer a range of powerful trading tools and technical indicators to assist traders in market analysis and execution. Here is a brief introduction to these two platforms:
MetaTrader 4 (MT4): MT4, developed by MetaQuotes Software, is the first-generation trading platform and has become one of the world's most popular forex trading platforms. MT4 provides extensive charts, technical indicators, and trading tools, including customizable trading strategies and Expert Advisors (EAs) for automated trading using the MQL4 programming language. MT4 features a user-friendly interface for convenient trader use.
MetaTrader 5 (MT5): MT5 is an upgraded version of MT4, offering more trading features and improved performance. In addition to forex trading, MT5 supports trading in various financial products such as commodities, stocks, futures, and stock indices. MT5 introduces new features such as depth of market quotes, built-in economic calendar, enhanced charts, and new technical indicators. Similar to MT4, MT5 supports customizable trading strategies, Expert Advisors, and the MQL5 programming language.
In addition, OEXN also provides its own Multi-Asset Platform (MAP), expanding trading possibilities across different asset classes. Whether traders prefer using desktop platforms on Windows or Linux, or they prefer the flexibility of trading on Android and iOS mobile devices, OEXN's platform support ensures seamless access to financial markets, allowing traders to engage in financial transactions conveniently.
In summary, OEXN's various trading platforms offer diverse trading options and a convenient trading experience, enabling traders to engage in financial transactions anytime, anywhere, and achieve their investment goals.
OEXN's Spread and Commission:
OEXN maintains a relatively high spread of 5 pips in Euro to US Dollar (EUR/USD) trading. This generous spread may not align with the expectations of traders seeking more cost-effective trading conditions, especially when compared to brokers offering narrower spreads in the EUR/USD market.
Additionally, specific commission information is not provided on the OEXN website. This lack of transparency regarding commissions can make it challenging for traders to assess the comprehensive cost structure and commission-related expenses associated with trading the mentioned currency pair through OEXN. Therefore, traders evaluating OEXN's products should consider these factors and explore alternative brokers that offer more competitive pricing for their specific trading needs.
In summary, while OEXN offers a range of diverse and efficient trading platforms and products, its relatively high spread in EUR/USD trading and the absence of detailed commission information prompt traders to carefully assess and compare fee structures among different brokers to find the most suitable trading conditions for their preferences.
OEXN Account Types:
For those who wish to explore and practice trading strategies without financial risk, OEXN offers a demo account service. OEXN's demo accounts provide market data and analysis tools identical to real accounts but without financial exposure. Traders can engage in virtual trading using simulated funds, allowing them to become familiar with the trading platform and products while experimenting with new trading strategies, all without the risk of financial losses associated with real accounts.
When traders are ready to transition to live trading with real capital, OEXN maintains a convenient entry point. The minimum deposit requirement for a real account is only $20, providing traders with a low-cost initial investment to easily start live trading. Additionally, OEXN offers various payment options, facilitating account fund management for traders during transactions. Traders can also benefit from a monthly free withdrawal service, reducing transaction costs.
In summary, OEXN provides a secure and stable trading environment for traders, offering flexible choices between demo and real accounts to meet the needs of traders at different levels. The company's demo accounts offer a risk-free trading experience, helping traders become acquainted with the trading platform and products while experimenting with new trading strategies. When traders are ready to use real capital for trading, OEXN maintains a convenient entry point with a minimum deposit of only $20, minimizing the initial financial risk for trades.
OEXN Market Research:
OEXN maintains official accounts on various social media platforms such as LinkedIn, Instagram, Facebook, and Twitter. Through these channels, OEXN engages in active interaction and communication with its clients and other stakeholders.
Simultaneously, OEXN publishes information about the company's participation in exhibitions and events. This allows clients and others to gain a better understanding of the company's latest developments and products. These exhibitions and events are typically hosted within the forex industry, providing participants with a platform for learning and sharing experiences.
In summary, through social media platforms and participation in various exhibitions and events, OEXN provides multiple avenues for its clients and other stakeholders to access, learn, and share knowledge and experiences within the forex industry. This approach enhances the company's ability to better meet the needs and expectations of its audience.
OEXN's Online Reputation:
Traderknows has found that many investors have made a large number of positive comments about OEXN on other social media platforms, and believe that OEXN is a trustworthy forex broker. In addition, some investors mentioned that trading on the OEXN platform was very smooth, and they highly praised this broker.
Contact Information for OEXN:
OEXN supports the following contact methods:
- Phone: 066-512-6574
- Email: operations@oexn.global
- Live Chat Support
- Physical Office Address.
Employees of OEXN:
The broker has publicly disclosed information regarding 10 relevant corporate staff members online.
Advantages of OEXN:
- Global Regulation: OEXN is authorized and regulated by the Financial Services Commission (FSC) of Mauritius and the Cyprus Securities and Exchange Commission, providing clients with additional security.
- Diverse Trading Instruments: OEXN offers a wide variety of trading tools to meet the investment needs and preferences of different clients.
- Popular Trading Platforms: OEXN provides well-known trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering traders diverse choices and a convenient trading experience.
- Low Initial Capital: The minimum deposit requirement for a real account is only $20, allowing traders to start live trading easily while enjoying the benefit of free monthly withdrawals.
- Demo Account Service: OEXN offers a demo account service, enabling traders to explore and practice trading strategies without financial risk, getting familiar with the trading platform and products without the potential financial losses of a real account.
- Active Social Media Interaction: OEXN maintains official accounts on various social media platforms, actively engaging with clients and other stakeholders, and sharing information about company participation in exhibitions and events.
- Positive Customer Reviews: There are numerous positive customer reviews on social media, expressing trust in OEXN as a reliable forex broker, praising smooth trading experiences.
Disadvantages of OEXN:
- Higher Spreads: OEXN has relatively high spreads of 5 pips in EUR/USD trading, which may not align with the expectations of traders seeking more cost-effective trading conditions.
- Lack of Specific Commission Information: The OEXN website does not provide specific information about commissions, making it challenging for traders to assess the complete cost structure associated with trading on OEXN.
- Short Domain Registration Time: According to the provided information, OEXN's official domain was registered in April 2022. For some investors, the relatively short registration time might raise trust concerns.
Please note that the evaluation of advantages and disadvantages is based on the information provided and may be subject to change over time. Traders should conduct thorough research and stay updated on any changes related to the broker.
Conclusion:
OEXN is a globally regulated broker with several strengths, including diverse trading tools, low initial capital requirements, provision of demo accounts, and active engagement on social media. Additionally, the company has received high praise from its clients. However, OEXN also exhibits some weaknesses, such as higher spreads, a lack of specific commission information, and a relatively short domain registration time. These factors may impact certain traders' decisions. Nevertheless, OEXN provides additional security through its global regulation and robust business practices.
In summary, OEXN excels in providing forex trading services to investors and has earned trust and positive reviews from its clients. However, individuals should carefully weigh the pros and cons when selecting a forex broker, making informed decisions based on their specific investment needs and preferences. Therefore, OEXN is indicated as "Regulated" on Traderknows.
