Company Profile
General Information & Regulation
O3FX, a trading name of O3FX Limited, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with over 200 tradable financial instruments with leverage up to 500:1 and spreads from 0.0 pips on the MT5 for Windows, MT5 for iOS, MT5 for Android and WebTrader trading platforms. Here is the home page of this brokers official site:
As for regulation, it has been verified that O3FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.10/10. Please be aware of the risk.
Market Instruments
O3FX advertises that traders can choose from 6 asset classes and get access to more than 200 trading instruments, covering cryptocurrencies, spot metals, forex, spot indices, commodities and futures.
Account Types
O3FX claims to offer demo and live accounts. However, it says nothing about the minimum initial deposit amount to open an account.
Leverage
The leverage offered by O3FX is capped at 500:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
O3FXs website claims that the spread starts from 0.0 pips.
Trading Platform Available
Platforms available for trading at O3FX are MT5 for Windows, MT5 for iOS, MT5 for Android and WebTrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on O3FXs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Wire Transfer, Skrill, China Unionpay and Neteller. The minimum deposit requirement is $200, while there is no mention of what the minimum withdrawal amount is.
Customer Support
O3FXs customer support can be reached by telephone: 1-888-452-1505, email: support@o3fx.com. You can also follow this broker on social media platforms such as Twitter, Facebook, Instagram, Skype and LinkedIn. Company address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
