OEXN

OEXN Review: Is OEXN Broker Good?

Broker overview and general information

OEXN is a broker licensed by major financial authorities such as FSC of Mauritius and CySEC of Cyprus, offering trading in Forex, Stocks, Indices, Metals and Commodities markets. It also offers cutting-edge platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), which allow traders to access financial markets conveniently and quickly.

Broker Licensing and Regulation

If you ask whether OEXN is good or not, you have to start by considering the license factor first. The broker has the following licenses:

• Mauritius' Financial Services Commission (FSC) License No. GB21026677 under OEXN BROKER LIMITED.As a full-service broker for FX and CFD products for clients worldwide.

• Cyprus Securities and Exchange Commission (CySEC) License No. 423/22 under OEXN Limited.To act as a market maker to provide services to clients in the European Union.

OEXN Products and Services

Trading products

1. Forex: Trade 24 hours a day, 6 days a week with leverage up to 1:500, over 100 products to choose from, and no hidden fees.

2. Stocks: Trade stocks via CFDs from global markets without holding the actual assets.

3. Commodities: Trade both Spot and Futures products with low spreads and high leverage.

4. Index: Leading indices trading services such as Dow Jones, S&P 500, Nikkei and Hangseng.

5. Precious Metals: Trade gold and silver with low spreads and high liquidity, with hedging system.

6. Energy: Invest in oil and natural gas with leverage up to 1:200 and low spreads.

7. Spot Trading & Futures Trading: Instant trading and forward trading services for a wide range of commodities.

8. Forward Contracts (Options):Trade traditional options, suitable for hedging and portfolio diversification.

9. ETF (Mutual Fund): Trade over 500 ETFs with low commissions and fast trading system.

Trading Platform

Brokers offer a wide range of trading platforms, including:

• MetaTrader 4 (MT4):It is the most popular trading platform, suitable for both beginners and professional traders, supporting trading in a wide range of products worldwide.

• MetaTrader 5 (MT5):It is the latest version of MetaTrader platform, faster, with more features and functions such as L2 market depth, suitable for traders who need advanced analytical tools.

• OEXN OmniTrader:It is a platform developed by OEXN itself, supporting trading in complex derivative instruments such as Options and Futures for Crypto, Forex (FX) and Commodities, suitable for professional traders.

OEXN Review: Account Types 

Standard Account

• Minimum deposit: $200

• Platforms: MT4, MT5, Omnitrader

• Starting spread: 1.1

• Commission: None

• Products: Forex, Indices, Energies, Metals, Stocks

• Maximum leverage: 1:1000

• Special Features: Social Trading, Swap Free Eligibility, PAMM Management

Pro Account

• Minimum deposit: $500

• Platform: MT4, MT5

• Starting spread: 0.8

• Commission: None

• Products: Forex, Indices, Energies, Metals

• Maximum leverage: 1:1000

• Special Features: Social Trading, Customizable Groups

VIP Raw Account

• Minimum deposit: $2000

• Platform: MT4, MT5

• Starting spread: 0

• Commission: $4 per side (Side)

• Products: Forex, Commodities, Futures, Indices, Cryptocurrency

• Maximum leverage: 1:500

• Special Features: Social Trading, PAMM Management, Tier 1 Liquidity

Deposit and Withdrawal Review

Deposit channels

• Localized transfers:In many countries, brokers support local bank transfers, with funds reaching your trading account within 30 minutes to 1 hour.

• Popular online PSPs:Skrill, Neteller are popular e-wallets. For this channel, it takes about 3-7 business days.

Withdrawal channels

• Bank Transfer and e-wallets can be used as deposits.

• It usually takes 1-2 days to process.

Support and Customer Service

Head office:

• IQ EQ Fund Services (Mauritius) Ltd

• 33 Edith Cavell Road, Port-Louis 11324, Mauritius

• Telephone: 066-512-6574

• Email: [email protected] or [email protected] 

 Customer support 24/7:

• For urgent issues, we recommend contacting us by phone.

• Email: [email protected] 

• Telephone: 066-512-6574

• Whatsapp support

• Telegram support

Report an abuse or a complaint:

• For urgent issues, we recommend contacting us by phone.

• Email: [email protected] 

• Supported languages:English

• Website language:Vietnamese, Arabic, Chinese, English, French, German, Japanese, Portuguese, Spanish 

Broker Overview Summary

OEXN is a broker that offers a variety of deposit and withdrawal methods and 24/7 customer service, allowing users to seek assistance at any time and in multiple languages. However, this broker does not offer investment services to residents of the European Economic Area (EEA) and the United Kingdom (UK), which is a significant limitation. In addition, the platform and website are not fully translated into Thai, which may cause Thai traders to have difficulty using them. Additional disadvantages include relatively high trading and withdrawal fees compared to other brokers, as well as withdrawals that may take longer than expected.

Frequently asked questions about OEXN

1. How can I deposit money into my trading account?

answer:You can deposit funds into your trading account by logging into your dashboard and selecting the “Deposit” option. You can then select your preferred payment method and follow the instructions to complete your deposit.

2. What payment methods are supported for deposits?

answer:Supports a wide range of payment methods for deposits, including bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller.

3. How can I withdraw money from my trading account?

answer:To withdraw funds from your trading account, simply log in to your account dashboard and select the “Withdraw” option, then follow the instructions to initiate a withdrawal request.

4. Are there any withdrawal fees charged by OEXN?

answer:There is no withdrawal fee charged for the first two withdrawals of the month. However, payment providers may charge their own fees.

5. What is Swap Fee and How Does It Affect Trading?

answer:Swap fees, also known as overnight financing fees, are interest payments or credits that may be applied to positions held open overnight. Swap fees are calculated based on the interest rate difference between the currency pairs being traded.

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