Reviewed by
Shaun David
Shaun David
Regulation • Trading Algorithms • Market Analysis
I’m extremely passionate about the financial markets and working with innovative technology that makes trading better and safer. Since joining the CleaRank team, my primary role is working with real-time broker performance data using the CLEAR™ technology and broker evaluation methodology. I investigate brokers by testing their platforms and uncovering hidden risks and costs. My end goal is to level the playing field for traders and With an extensive background in market analysis and algorithmic trading, I’m qualified to find what matters most to traders.
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Last fact check on June 6, 2026 by
Michelle Sofia
Michelle Sofia
Compliance Analyst • Editorial Review
Michelle is the financial content architect and SEO market analyst at CleaRank, and the final editorial reviewer on every CleaRank publication. With a background in financial journalism and fintech reporting, she fact-checks each broker investigation for accuracy before it goes live.
OX Securities Review 2026
OX Securities operates a two-entity corporate structure. The first entity is OX Securities Pty Ltd, registered in Chatswood, New South Wales, Australia, holding Australian Financial Services Licence number 438402 (issued 31 July 2013, ABN 71 163 551 602). The second entity is OX Securities Limited (SV), a Saint Vincent and the Grenadines International Business Company numbered 25509. The Australian AFSL is authorised for wholesale clients only; the SVG entity carries no Tier-1 retail forex authorisation anywhere. The consumer-facing brand at oxsecurities.com onboards retail clients globally through the SVG entity.
On 29 May 2025 the United States Commodity Futures Trading Commission added both OX Securities entities to its Registration Deficient (RED) List on the same day, in the same batch. The OX Securities Pty Ltd entry covers the Australian Pty Ltd. The OX Securities Limited (SV) entry covers the SVG entity. The CFTC press release announcing the batch describes 43 unregistered foreign entities added simultaneously. Both OX Securities entries remain on the public RED List as of June 2026.
Our CLEAR investigation gave OX Securities a Failed score of 0.30 / 5, placing it in the severe-risk band alongside MTrading and Plexytrade. The most measurable concern is the most direct: Ahrefs data from 04 June 2026 shows the United States accounts for 4,589 of OX Securities’ 5,701 monthly organic visits, 80.5 percent of all traffic, despite both entities being added to the CFTC RED List on 29 May 2025 specifically for unregistered solicitation of US customers. Verify any broker’s current risk status using the CLEARCheck Broker Risk Scanner.
Failed CLEAR™ Score: 0.3/5
Two CFTC RED List Entries, One Operator
On 29 May 2025 the United States Commodity Futures Trading Commission added both OX Securities corporate stamps to its public Registration Deficient List on the same day. The dual filing pattern is unusually direct: it documents the regulator’s conclusion that the Australian Pty Ltd and the SVG IBC are functionally the same retail-facing operator.
CFTC RED List, 29 May 2025 – OX Securities Pty Ltd
The CFTC RED List is the United States Commodity Futures Trading Commission’s public list of foreign entities soliciting US customers without registration. The OX Securities Pty Ltd entry covers the Australian Pty Ltd that holds ASIC AFSL 438402 (wholesale-only). The CFTC notes the firm appears to require registration and is not registered. Same RED List finding as the SVG entity, same date.
CFTC RED List, 29 May 2025 – OX Securities Limited (SV)
The OX Securities Limited (SV) entry covers the Saint Vincent and the Grenadines IBC #25509 that operates the retail-facing brand. The two entries appear in the same CFTC batch press release at 9080-25, which describes 43 unregistered foreign entities added simultaneously. Both entries remain on the public RED List as of June 2026.
ASIC AFSL 438402: Wholesale Only
OX Securities Pty Ltd holds Australian Financial Services Licence number 438402, issued 31 July 2013, ABN 71 163 551 602. The licence is authorised for wholesale clients only. Under the Corporations Act the wholesale-client test requires individuals to certify A$250,000 in annual income or A$2.5 million in net assets. Retail Australians fall outside that perimeter. The retail funnel for non-wholesale clients runs through the SVG IBC, which holds no licence anywhere.
Two Entities, One Retail Funnel
The OX Securities corporate stack consists of two distinct legal entities serving two distinct client perimeters. OX Securities Pty Ltd (ABN 71 163 551 602) is the Australian parent holding ASIC AFSL 438402, with a registered office at Zenith Tower B, Suite 902, 821 Pacific Highway, Chatswood NSW 2067. The AFSL covers wholesale clients only. OX Securities Limited (SV) is the offshore retail-facing entity, registered with the Saint Vincent and the Grenadines Financial Services Authority as IBC #25509. The SVG FSA publicly states it does not regulate forex or CFD activity. The retail funnel runs through the SVG entity that holds no licence anywhere. Both entities now appear together on the CFTC RED List filing of 29 May 2025.
The OX Securities two-entity funnel
An ASIC AFSL authorised for wholesale clients only, paired with an unregulated SVG retail entity. Both entities were added to the CFTC RED List on 29 May 2025. 80.5 percent of organic search traffic comes from the United States.
An Australian Pty Ltd holding a wholesale-only AFSL, an unregulated SVG IBC handling retail, both on the same CFTC RED List filing from 29 May 2025.
OX Securities Pty Ltd
Australian Pty Ltd, ABN 71 163 551 602, AFSL issued 31 July 2013. The AFSL is authorised for wholesale clients only. Under the Corporations Act, that means clients with A$250,000 annual income or A$2.5 million net assets. Retail Australians are not covered.
Retail not coveredOX Securities Limited (SV)
Saint Vincent and the Grenadines IBC. The SVG Financial Services Authority publicly states it does not regulate forex or CFD brokers. The SVG entity carries no forex authorisation anywhere. This is the entity that onboards retail clients globally.
No real licenceTwo CFTC RED List entries
RED List entries at cftc.gov/REDlist/node/255566 (Pty Ltd) and /node/255646 (SV Ltd) cover both OX Securities corporate stamps. Same operator, two filings, one batch press release (9080-25).
Both entities listed80.5% US traffic
4,589 of 5,701 monthly organic visits come from the United States. The site-wide footer disclaimer carries no equivalent "not for US residents" clause matching the one used for Australian residents.
CFTC-listed marketRetail traders pushed through the SVG funnel
The ASIC AFSL excludes retail clients. The SVG entity has no forex licence. The US is the single largest organic traffic source, despite both entities being added to the CFTC RED List on 29 May 2025. Other Tier-1 regulator jurisdictions also routinely served.
Ahrefs Audit: 80.5 Percent of OX Securities Traffic Comes From the United States
Live data from the Ahrefs API for oxsecurities.com on 04 June 2026: Domain Rating 44, 6,193 live backlinks across 2,192 referring domains, 366 ranking organic keywords with 73 in the top three positions, 5,701 organic monthly visits, and no paid traffic. The geographic distribution against the dual CFTC RED List filing of two weeks earlier is the point.
Country breakdown of those 5,701 organic monthly visits: United States 4,589 (dual CFTC RED-listed since 29 May 2025, 80.5 percent of all traffic), India 262 (SEBI restrictions), Russia 182 (sanctioned retail FX market), Australia 149 (ASIC AFSL wholesale-only does not cover these visitors), United Kingdom 100 (FCA target market, unauthorised), Canada 79 (CSA unregistered), South Africa 76 (FSCA unauthorised), Indonesia 68 (BAPPEBTI unauthorised), Singapore 32 (MAS not regulated), Nigeria 22, Israel 19 (ISA retail FX restrictions), Brazil 15, France 11 (AMF retail forex ban), Malaysia 11, Spain 9 (CNMV warning track). The United States alone delivers more traffic than every other country combined.
The Smoking Gun: A Dual CFTC RED Filing Paired With 80.5 Percent US Traffic
On 29 May 2025 the CFTC added both OX Securities corporate stamps to its RED List on the same day. Five weeks later, on 04 June 2026, Ahrefs measured that 80.5 percent of all oxsecurities.com organic search traffic was coming from the United States. The ASIC AFSL 438402 held by the Pty Ltd is authorised for wholesale clients only, which means the entire US-based retail audience is being onboarded through OX Securities Limited (SV), the offshore IBC that holds no licence anywhere. The site help centre publishes a notice that the SVG site is not intended for Australian residents. There is no equivalent notice for US residents.
Payment Rails: Mixed Cards, Wires, And A Crypto Bridge
OX Securities accepts deposits via Visa and Mastercard cards, bank wire transfer, cryptocurrency through NACE Pay (all major coins), PayNow for Singapore residents, Fasapay, Dragonpay for the Philippines, plus Awepay, Neteller and Skrill on the extended help centre list. The mixed-rail design is broader than a pure-crypto operator but the inclusion of a crypto bridge under a third-party processor (NACE Pay) is the structural concern. Crypto deposits remove the chargeback path that protects retail clients on card and bank rails. Combined with a USD 0 Standard account minimum and 1:500 leverage routed through the SVG entity, the funnel architecture is built to onboard fast and to make recovery difficult.
Customer Complaints: A USD 180,000 Case And A December 2025 WikiFX Article
The complaint record on OX Securities is documented across Forex Peace Army, WikiFX, and Trustpilot. A long-running FPA thread alleges complete withdrawal failure on a USD 180,000 account that the reporting trader describes as abandoned. A separate complaint cited via WikiFX news article 202512108704519163 describes a USD 5,000 deposit plus USD 2,000 EA-generated profit case where the firm issued a termination notice citing unspecified violations, voided the profits, and returned only the principal. WikiFX issued a December 2025 review article titled Complaints About Withdrawal and lowered the broker score. The pattern across 2024 and 2025 reports: multi-week withdrawal delays, vague AML or security review citations without supporting evidence, and termination-with-profit-voiding language. Trustpilot aggregate scores for offshore CFD brokers commonly include solicited reviews and should not be read as independent validation.
Action Steps If You Are Already a OX Securities Customer
Stop depositing immediately. Do not add another cent regardless of any bonus or recovery promise.
Preserve every record. Save deposit transaction hashes, MetaTrader account statements, chat logs, KYC submissions, every email and every screenshot.
File a chargeback fast if you deposited by Visa or Mastercard. The dispute window is typically 120 to 180 days from the deposit date.
Report the firm. UK: FCA Report an unauthorised firm. US: CFTC SmartCheck. Canada: Ontario Securities Commission. EU: your national regulator and ESMA.
Avoid recovery offers. Anyone offering guaranteed fund recovery for an up-front fee is a second-layer concern. Legitimate chargeback and regulator-complaint paths do not require an up-front fee.
Our Verdict for OX Securities
OX Securities’ 0.30 / 5 CLEAR Score reflects an operator with two corporate stamps both on the same CFTC RED List filing from 29 May 2025, a Tier-1 ASIC licence that is authorised for wholesale clients only, an offshore retail entity in a jurisdiction with no forex regulator, and 80.5 percent of organic traffic coming from the same United States market its primary regulator placed on the watchlist. Dual CFTC RED entries. ASIC wholesale-only AFSL. SVG IBC retail funnel. USD 180,000 FPA case. December 2025 WikiFX withdrawal-complaints article. 1:500 leverage with a USD 0 minimum on the offshore-entity Standard account.
Avoid OX Securities. For real ECN execution under a Tier-1 regulator, use a CLEAR-certified broker such as IC Markets (ASIC), Fusion Markets (ASIC), or Darwinex (FCA). Verify any broker through the CleaRank Broker Risk Scanner before depositing.
OX Securities FAQs
Disclaimer: This review documents the regulatory and compliance risks of an unregulated broker and is not financial advice. Always verify a broker’s licenses and seek professional guidance before trading.
Shaun David
I’ve spent majority of my life studying finance and building a successful career from analyzing market trends to spotting successful early adoptions in the crypto industry, and I’ve come to realize I’m not purely analyzing numbers, but the psychology and sentiment of the crowd. As one of CleaRank’s earliest team members I take a hands on approach and personally test brokers by opening real money accounts, executing trades, and stress testing their customer service. Throughout my career I’ve built trading algorithms, managed long term investment portfolios, and helped traders avoid shady brokers before they even knew they were at risk. Whether it’s uncovering hidden fees, evaluating regulatory loopholes, or optimizing trading strategies, I live and breathe the financial markets.