Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighOffshore FSC Mauritius dealer licence for oexn.global; a Malaysian warning names the site; clients may be placed with an unregulated Saint Lucia company.
Identity & transparency
4/10 · ModerateCompanies, numbers and addresses match the registers, but the terms leave open which of 2 companies holds a client's money.
Withdrawals & conduct
7/10 · HighAt least 8 clients on 2 sites report refused or partly paid withdrawals with account numbers; OEXN replied to some and paid some.
Reputation
8/10 · CriticalA Malaysian regulator warning, fake reviews removed by Trustpilot and a repeating complaint pattern outweigh the positive reviews.
Website claims
7/10 · HighThe site presents a Saint Lucia company number as a licence and makes unsupported claims such as 5M+ users and USD 100B+ monthly volume.
Operational history
2/10 · LowThe oldest OEXN company was registered in Cyprus in August 2020, and OEXN's broker site appears online by April 2022.
Who they are
A quick desk file on the company behind the brand.
- Brand: OEXN, also marketed as OEXN Global.
- Legal entity: OEXN Broker Limited, Mauritius, company number 185235 GBC. OEXN's terms say a client may instead be placed with OEXN Stream Limited, Saint Lucia, company number 2025-00187.
- Registered: OEXN Broker Limited uses the address of IQ EQ Fund Services (Mauritius) Ltd, 33 Edith Cavell Street, Port Louis 11324. OEXN Stream Limited is registered at the Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia.
- Website: oexn.global, with the client area at live.oexn.global. OEXN sends EU and UK residents to oexn.com, run by OEXN Limited in Cyprus.
- Contact: operations@oexn.global and 066-512-6574. The UAE regulator lists the same number as +381 66 512 6574, a Serbian number.
- Licence for oexn.global: The Financial Services Commission of Mauritius lists OEXN Broker Limited as an SEC-2.1B Investment Dealer, a full service dealer excluding underwriting. A Mauritius licence is offshore and carries no investor compensation scheme.
- Sister companies: OEXN Limited holds CySEC licence 423/22, and OEXN Linked Pty Ltd holds ASIC licence AFSL 700450. OEXN Introduction to Financial Services L.L.C holds a UAE Capital Market Authority licence. The UAE licence covers introducing and promotion only. The ASIC licence covers wholesale clients only, meaning large or professional investors. No sister-company licence covers an oexn.global trading account.
- Offers: CFDs on forex, metals, energy, indices and shares, on MetaTrader 4, MetaTrader 5 and OEXN Trader. A CFD (contract for difference) pays out the price change of an asset, without ownership of the asset.
- Leverage and deposit: Leverage reaches 1:1000, so USD 1 of your money controls USD 1,000 of trades. The minimum deposit runs from USD 5 to USD 2,000, depending on the account type.
- Not accepted: OEXN Broker Limited does not serve residents of the EEA (the EU plus Iceland, Liechtenstein and Norway) or the UK, according to the site. The EU site oexn.com excludes the USA, Russia, Syria, Iraq and North Korea.
- Age claim: oexn.global states no founding year. The Cyprus company OEXN LIMITED was registered on 28 August 2020, and OEXN's broker site appears in web archives by April 2022.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Commission of Mauritius
Cyprus Securities and Exchange Commission
Australian Securities and Investments Commission
UAE Capital Market Authority (formerly the Securities and Commodities Authority)
Financial Services Regulatory Authority (Saint Lucia)
Why we reached this verdict
How the evidence adds up.
OEXN is a real broker group, but 4 findings make an oexn.global account high risk.
- Malaysian warning: The Securities Commission Malaysia lists oexn.global and an OEXN Global Facebook page on its Investor Alert List. The listing says OEXN Global carries on unlicensed dealing in securities. IOSCO, the global body of securities regulators, relays the same warning with the date 5 October 2025.
- Refused withdrawals: Clients on Trustpilot and BrokersView describe the same failure: withdrawals refused, stalled for weeks or only partly paid. Several clients say OEXN refused profits as high-frequency trading (very fast, very short trades), toxic trading or abuse of leverage. The reports give account numbers and amounts, such as USD 1,887 unpaid on account 58360 in September 2025.
- Partial payments: A client with account 8035719 says OEXN demanded a verification video and then returned only USD 4,000 of USD 5,150 deposited. A mainland China client reports USD 7,582 of agreed profit payments unpaid since June 2025.
- Misleading licence claim: The oexn.global footer says the Financial Services Regulatory Authority licenses OEXN Stream Ltd under number 2025-00187. OEXN's own terms call 2025-00187 a Saint Lucia company number. The same terms let OEXN open a client's account with OEXN Stream instead of the Mauritius company.
- Fake reviews: Trustpilot shows no rating for OEXN because of a breach of Trustpilot's guidelines. Trustpilot also reports removing a number of fake reviews for OEXN.
- What limits the rating: The Mauritius regulator's record for OEXN Broker Limited lists oexn.global with the same phone number and email as the site. OEXN replies to complaints, and some clients report repayment of deposits or part of their profits. We found no enforcement action and no fraud-related court record naming OEXN.
- Operating history: The oldest OEXN company, OEXN LIMITED in Cyprus, was registered on 28 August 2020. OEXN's broker site appears in web archives by April 2022. The oexn.com domain dates from 2006, but a 2017 archive copy shows the domain for sale.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Securities Commission Malaysia lists OEXN Global with https://www.oexn.global/ and an OEXN Global Facebook page. The remark reads: carrying on unlicensed capital market activities of dealing in securities.
E2IOSCO's I-SCAN database relays the same Malaysian warning, published by the Securities Commission Malaysia on 5 October 2025. The I-SCAN record repeats the Malaysian listing and is not a separate warning.
E3The FSC Mauritius record for OEXN Broker Limited shows an SEC-2.1B Investment Dealer licence and management company OMAHA Corporate Services Ltd. The record lists oexn.global, supportoexn@oexn.global and 066-512-6574, the same details as the site.
Hard proofFSC Mauritius Online Public RegisterE4CySEC lists OEXN Limited, company HE 412340, under licence 423/22 for order handling and dealing on own account. CySEC lists www.oexn.com as the only approved domain, so the licence does not cover oexn.global.
E5ASIC's licensee data shows AFSL 700450 for OEXN Linked Pty Ltd, ACN 695611208, Melbourne, from 28 October 2026. The conditions allow general advice and arranging in derivatives and foreign exchange, for wholesale clients only.
E6The UAE Capital Market Authority lists OEXN Introduction to Financial Services L.L.C in Dubai with 2 activities: Introduction and Promotion. A CMA note says a Category 5 licence does not allow trading or order execution in derivatives or spot FX. The listed phone, +381 66 512 6574, matches the oexn.global number.
E7The oexn.global footer says the Financial Services Regulatory Authority licenses OEXN Stream Ltd under number 2025-00187. OEXN's own terms call 2025-00187 a Saint Lucia company number. The terms let OEXN assign a client to OEXN Broker Limited or OEXN Stream Limited at onboarding.
E86 different Trustpilot reviewers, from February 2025 to September 2026, report refused or unpaid withdrawals. Account 58360 reports USD 1,887 unpaid for over a month in September 2025. Account 8083015 reports USD 1,000 requested on 31 July 2026 and not received. 2 reviewers say OEXN refused profits as high-frequency trading or abuse of leverage.
E9A client with account 8035719 at live.oexn.global says OEXN demanded a verification video, then returned only USD 4,000 of USD 5,150 deposited.
E10A mainland China client reports a refused profit withdrawal of about USD 46,000, labelled toxic trading. OEXN returned the USD 60,000 deposit and paid USD 28,000 of profits in instalments. Payments stopped in June 2025 with USD 7,582 still unpaid. The client also reports OEXN promotion events in mainland China.
E11Trustpilot shows no rating for OEXN because of a breach of Trustpilot's guidelines, and reports removing a number of fake reviews. Some OEXN replies address reviewers by names that differ from the review.
ModerateTrustpilot, oexn.globalE12OEXN's terms let OEXN, at its sole and absolute discretion, reverse profits even retrospectively from trading that OEXN treats as abusive. The refused-profit complaints describe the same mechanism.
E13The site claims 5M+ registered users, USD 100B+ monthly volume, 10+ offices and up to EUR 1,000,000 insurance per client through the Lloyd's market. The site names no insurer, policy or award source, and we found no outside source for the figures.
E14The Cyprus Registrar of Companies lists OEXN LIMITED, HE 412340, registered on 28 August 2020. The directors include Nenad Naumovic, and the registered office is 106 Gladstonos Street, Limassol.
ModerateCyprus Registrar of CompaniesE15oexn.global, oexn.io and oexn.me were registered on 13 April 2022. oexnnow.com and oexnfx.com were registered on 29 July 2025 and use the same name servers as oexn.com.
E16In October 2017, oexn.com showed a page offering the domain for sale. By April 2022, oexn.com carried OEXN's broker site, which named Nenad Naumovic as founder.
E17The oexn.global MT4 and MT5 download links point to MetaQuotes' own server, with installers named for OEXN Limited. A branded MetaTrader installer shows a real trading platform behind the brand.
Moderateoexn.global home pageE18OEXN replied publicly to several Trustpilot complaints. In a reply to account 58554, OEXN says a delayed USD 20.03 withdrawal was paid after a manual review.
E19The Reserve Bank of India alert list of unauthorised forex platforms, with 95 names updated on 19 November 2025, does not name OEXN. IOSCO's I-SCAN database holds no OEXN warning other than the Malaysian one.
The other side
The strongest case in this broker’s favour.
The strongest case for OEXN rests on real companies, public replies to clients and the narrow scope of the Malaysian warning.
- OEXN LIMITED has been on the Cyprus company register since 28 August 2020. OEXN Limited holds CySEC licence 423/22 for the EU site oexn.com.
- The Mauritius regulator's record for OEXN Broker Limited matches the name, address, phone and email on oexn.global. We found no sign that OEXN uses another firm's licence or identity.
- The Malaysian listing concerns the lack of a Malaysian licence. The listing does not state that OEXN kept client money.
- OEXN's terms allow the reversal of profits from abusive trading, such as very short trades. Many offshore brokers use the same kind of rule, and some refused clients may have broken the rule.
- OEXN replies publicly to complaints. OEXN says a delayed USD 20.03 withdrawal was paid, and a mainland China client reports getting a USD 60,000 deposit back.
- OEXN's MetaTrader 4 and 5 installers come from MetaQuotes, the platform maker, under the name OEXN Limited. A branded MetaTrader installer shows a real trading operation.
What would change this
What we would need to see to revise the verdict.
Changes in OEXN's record or conduct would move the rating in either direction.
- Lower risk: the Securities Commission Malaysia removes oexn.global from the Investor Alert List.
- Lower risk: OEXN pays the documented unpaid withdrawals, and new withdrawal complaints stop for 12 months.
- Lower risk: OEXN places every oexn.global client with OEXN Broker Limited and corrects the Saint Lucia licence claim.
- Lower risk: Trustpilot restores a rating for OEXN.
- Higher risk: a warning from another regulator, a sanction from the FSC Mauritius or CySEC, or a new rise in refused withdrawals.
- Higher risk: any demand for a tax, fee or extra deposit before OEXN releases a withdrawal.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
CySEC register: OEXN Limited
Licence 423/22, company HE 412340, approved domain www.oexn.com only.
FSC Mauritius Online Public Register
Type OEXN in the Name box and press Submit to see the OEXN Broker Limited record.
UAE Capital Market Authority: OEXN Introduction to Financial Services L.L.C
Category 5 entry: introduction and promotion only, not trading.
ASIC AFS licensee data: AFSL 700450
ASIC's published licensee data for OEXN Linked Pty Ltd, wholesale clients only.
Securities Commission Malaysia Investor Alert List
Search the page for OEXN Global to see the warning about oexn.global.
IOSCO I-SCAN warning 41497
International record of the Malaysian warning about OEXN Global.
Cyprus Registrar of Companies: OEXN LIMITED
Company HE 412340, the CySEC-licensed sister company.
OEXN Terms and Conditions (July 2025)
Names both possible contracting companies and the abusive-trading rules.
Frequently asked questions
Quick answers about this broker’s safety.
Is OEXN a scam?
We rate OEXN as high risk, not as a proven scam. OEXN Broker Limited, the company behind oexn.global, appears on the Mauritius regulator's register. The Securities Commission Malaysia warns about oexn.global, and clients on 2 review sites report refused or partly paid withdrawals.
Is OEXN a fraud?
We found no regulator or court finding of fraud against OEXN. No enforcement action and no fraud-related court record names OEXN Broker Limited or OEXN Limited. The Securities Commission Malaysia does warn that OEXN Global deals in securities without a Malaysian licence.
Is OEXN regulated?
OEXN Broker Limited, which runs oexn.global, holds an Investment Dealer licence from the Financial Services Commission of Mauritius. A Mauritius licence is offshore and carries no investor compensation scheme. Sister companies hold licences from CySEC, ASIC and the UAE Capital Market Authority. No sister-company licence covers an oexn.global account.
Which OEXN company will hold my money?
OEXN's terms name 2 possible companies: OEXN Broker Limited in Mauritius and OEXN Stream Limited in Saint Lucia. The terms say OEXN assigns the company during account opening. Ask OEXN in writing which company holds your account before you deposit.
Is OEXN Stream Limited regulated in Saint Lucia?
We found no financial licence for OEXN Stream Limited. The oexn.global footer calls number 2025-00187 a licence, but OEXN's own terms call 2025-00187 a company number. A company registration gives you none of the protection of a financial licence.
Can I withdraw my money from OEXN?
Some clients report paid withdrawals, but others report refusals. At least 8 clients on Trustpilot and BrokersView describe refused, stalled or partly paid withdrawals, often after profitable trades. OEXN often cites high-frequency trading or toxic trading. Test a small withdrawal before you trade larger sums.
Is my money safe with OEXN?
An oexn.global account has weak protection. Mauritius offers no investor compensation scheme, and OEXN Stream Limited in Saint Lucia has no financial regulator. OEXN advertises up to EUR 1,000,000 insurance per client through the Lloyd's market, but names no insurer or policy.
Does the CySEC licence protect oexn.global clients?
No. CySEC licence 423/22 belongs to OEXN Limited, and CySEC lists only www.oexn.com as the approved domain. An oexn.global account sits with a company in Mauritius or Saint Lucia instead.
What does OEXN's ASIC licence allow?
ASIC licence AFSL 700450 belongs to OEXN Linked Pty Ltd in Melbourne. The ASIC licence covers general advice and arranging deals in derivatives and foreign exchange, for wholesale clients only. Wholesale clients are large or professional investors, so retail traders on oexn.global get no ASIC protection.
Why does Malaysia warn about OEXN?
The Securities Commission Malaysia lists OEXN Global, oexn.global and an OEXN Global Facebook page on its Investor Alert List. The remark says the operation carries on unlicensed dealing in securities. IOSCO's I-SCAN database dates the Malaysian warning 5 October 2025.
Who runs OEXN?
The Cyprus company registry lists Nenad Naumovic as a director of OEXN LIMITED. The UAE Capital Market Authority lists Nenad Naumovic as head of the licensed activity at OEXN's Dubai company. OEXN's website in 2022 named Nenad Naumovic as the founder.
How old is OEXN?
The Cyprus company OEXN LIMITED was registered on 28 August 2020. OEXN's broker website appears in web archives by April 2022. The oexn.com domain dates from 2006, but a 2017 archive copy shows the domain for sale.
Is OEXN a clone of another broker?
No. The Mauritius regulator's record for OEXN Broker Limited lists oexn.global with the same phone number and email as the site. OEXN's footer warns about imitation domains and lists 5 official domains: oexn.global, oexn.io, oexnnow.com, oexn.me and oexnfx.com.
What should I do if OEXN refuses my withdrawal?
Complain in writing to OEXN at legal@oexn.global, and quote your account and ticket numbers. If OEXN does not solve the problem, complain to the regulator of the company that holds your account. Never pay a fee or tax to release a withdrawal.
What should I check before depositing with OEXN?
Confirm which OEXN company will hold your account, and read the abusive-trading rules in the terms. Check whether your own regulator warns about OEXN, as Malaysia's regulator does. Start small, and test a withdrawal first.
What we recommend
The practical takeaway from everything above.
Treat an oexn.global account as high risk, and protect yourself before you deposit.
- If you live in Malaysia, do not open an account: the Securities Commission Malaysia warns that OEXN Global has no Malaysian licence.
- Before you deposit, ask OEXN in writing which company will hold your account: OEXN Broker Limited in Mauritius or OEXN Stream Limited in Saint Lucia.
- If you live in the EU, note that oexn.global does not serve EU residents. CySEC lists only oexn.com as the approved domain of OEXN Limited.
- Start with a small deposit, and request a small withdrawal before you trade larger sums.
- Read the abusive-trading section of the terms: OEXN may reverse profits from very short or high-frequency trades.
- Keep your account number, ticket numbers, emails and screenshots of every withdrawal request.
- If OEXN refuses a withdrawal, complain in writing to legal@oexn.global, then to the regulator of the company that holds your account.
- Never pay a tax, fee or extra deposit to release a withdrawal.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed November 14, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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