MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Details
Editorial review
Broker Summary
What Wikilix has recorded about OTX FOREX: its history, the licences it holds, its trading conditions and its fees.
Review of Broker Oxford Ventures LLC (OTX Forex) - Main Points, Risks, and Trading Conditions
Overview
A trader's success in Forex trading depends largely on the broker's reliability. OTX Forex is claiming to be a versatile provider of Forex trading to include multiple trading instruments and flexible account options. OTX Forex is able to offer access to the world's financial markets, there are many reasons traders should proceed with caution, especially with respect to the broker's limited transparency and offshore registration.
In this review we will detail OTX Forex's background, regulation, trading conditions, trading platform, fees and overall reputation to provide traders with the information they need to determine if this forex broker is suitable for their trading needs.
A description of OTX Forex's history can be found on its website (), where it states that OTX Forex is a registered company in St Vincent and the Grenadines. OTX Forex offers forex and CFD trading, however, little to no corporate history has been published, nor has there been any details published about OTX Forex's founders or the date of incorporation dates, this is a common deficiency with most offshore forex brokers.
OTX Forex supports trading in Forex pairs, Stock Indexes, Stock Commodities, Spot Gold/Silver, Energy, and Stock Shares through various means including Demo and Live (Real) accounts as well as an MAM/PAMM capability formoney managers.
OTX Forex has three types of accounts to suit the needs of a trader :
1. A Standard Account has a minimum deposit of $100 and is designed for beginner and intermediate traders
2. A VIP Account, which requires a minimum deposit of $5,000 and is designed for high volume traders.
3. Other Account Types, which are available with varying minimum deposits, are suitable for all trader profiles.
Capital Protection and Regulation
Currently, OTX Forex operates outside of any regulatory jurisdiction and therefore, the safety of funds cannot be established with certainty, however, OTX Forex is registered only in St Vincent and the Grenadines and St Vincent and the Grenadines (SVG) is not recognised for currently enforcing strong investor protection.There is no valid financial licence, increasing the level of risk.
Regulation:
Regulatory Body, License Number, Status
-SVG, Not Applicable, Registered, but no regulation
-Other Regulators, None, Not Licensed
Trading Conditions:
Minimum deposit is $100 (standard) and $5,000 (VIP), and maximum leverage is 1:500, which significantly increase profit/loss potential. Traders are permitted to trade using automated trading systems (EAs) and scalping, Both EAs and scalping are permitted, trades can be executed on the MetaTrader 5 (MT5) platform.
Summary of Trading Conditions:
Minimum Deposit: $100 (Standard) $5,000 (VIP)
Minimum Trade Quantity: 0.01 Lots
Maximum Leverage: Up to 1:500
Spread and Commission: Variable spread, No commission
Permitted Trading Styles: scalping, EAs
Features of Trading Platforms:
Trading Platform, Supported Devices, Platform Features
MetaTrader 5, PC, web, mobile, advanced charting, EAs, scalping, MAM/PAMM support.
Payment and Fees:
OTX supports withdrawal, deposits via bank transfers, cards and e-wallets. There is limited transparency about fees for withdrawals, inactivity fees or commissions; the information publicly available.
Summary of Payment Methods & Fees
Deposit Fee, Withdrawal Fee
Visa, Mastercard No Fee, No Fee
Local Bank Transfer No Fee No Fee
Neteller No Fee, No Fee
Perfect Money No Fee, No Fee
Bank Wire (SWIFT) No Fee, No Fee
Reputation/Review
There are limited online reviews, the ForexPeaceArmy rating given to them is 2.429/5 based on only 2 reviews. Reviewers have raised concerns about the regulation and transparency of the company but have stated that they appreciate the diversity of trading platforms available as well as the leverage offered.
Recent Updates:
As of June 3, 2025, profile info were updated on ForexPeaceArmy, but no meaningful regulatory or operational changes have been noted.
Conclusion:
OTX Forex Trading offers competitive Trading conditions such as access to MT5, high leverage, diversity of instruments & MAM/PAMM support.
However, due to the above reasons it offers the potential of risks that are much higher due to its lack of regulation and transparency.
OTX Forex may appeal to experienced traders who can accept higher risk. However, for those new to trading or those who prefer lower risk brokers please be cautious in your decision-making process and consider the brokers who provide stronger regulation.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for OTX FOREX. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for OTX FOREX. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
4 account types on record. Minimum deposit from USD 100. Leverage up to 1:500.
4 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| MicroCent | USD 100 | 1:500 | No commission |
| IslamicSwap-Free | USD 200 | 1:500 | No commission |
| ECN | USD 1,000 | 1:200 | $10 per standard lot |
| VIP | USD 5,000 | 1:200 | $7 per standard lot |
Deposits & withdrawals
Funding Methods
2 ways to fund an account. One with no deposit fee. 2 credit instantly.
2 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Credit/Debit CardsCredit CardCard used for deposits must be registered with broker; keep deposit records for statements. | Free | Free | Not recorded | USD 100Not recorded | Instant |
| CryptocurrenciesCryptocurrencyDeposit processing time varies by blockchain, up to 24 hours. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Instant |
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
One domain on record. All active and served over HTTPS.
1 domain
Legal entities
Corporate Network
One legal entity behind the OTX FOREX brand.
1 entity
- OXFORD VENTURES LLCActiveUnited StatesRegistration 2393818Established Oct 13, 2019
Peer comparison
Brokers worth comparing
3 other brokers on the record share what OTX FOREX offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
OTX FOREX
This recordSaint Vincent and the Grenadines · since 2019· Oxford Ventures LLCWikilix score 39.0RegulationNo RegulationMax leverage1:500Platforms1LicencesNot recordedSIMPLEFX
Saint Vincent and the Grenadines · since 2014· 8TECH SVG LTDWikilix score 39.0RegulationNo RegulationMax leverage1:1000Platforms1LicencesNot recordedGANN MARKETS
Comoros· GANN Markets LtdWikilix score 39.0RegulationOffshoreMISAMax leverage1:400Platforms1Licences1GEMFOREX
Seychelles · since 2010· GEMFOREX LIMITEDWikilix score 39.0RegulationRegulatedFSAMax leverage1:500Platforms2Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about OTX FOREX
Most Popular Questions
Yes, OTX FOREX charges commissions depending on the account type. For ECN accounts, the commission is $10 per standard lot, while VIP accounts have a commission of $7 per standard lot. The spreads are variable.
Clients can reach OTX FOREX customer support via live chat during business hours or by email at info@otxforex.com. The broker also provides an international phone number and maintains active social media profiles for additional contact options.
The minimum deposit at OTX FOREX is 100 USD. The broker offers a maximum leverage of up to 500, which allows traders to control larger positions relative to their deposit.
OTX FOREX provides the MetaTrader 5 platform, which is available on web, iOS, macOS, Android, and Windows devices. MetaTrader 5 supports trading in multiple asset classes with advanced analytics and algorithmic trading tools.
According to WIKILIX data, OTX FOREX is not regulated by any financial authority. It is registered in Saint Vincent and the Grenadines but holds no official licenses, which may affect the level of investor protection.
Comments
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