OEXN in 60 Seconds
| Question | Answer |
|---|---|
| Main reason to consider OEXN | MT4 and MT5 access, automated trading support and leverage up to 1:1000 for international and offshore accounts. |
| Biggest drawback | Leverage and protections vary by jurisdiction and account status; professional clients may lose retail safeguards such as negative balance protection. |
| Minimum deposit | As low as $5 for the Standard account; account and payment-method minimums differ. |
| Pricing model | Standard and Pro accounts have no commission, while VIP Raw charges $4 per lot per side; spreads vary by account. |
| Main platforms | MetaTrader 4, MetaTrader 5 and OEXN’s proprietary multi-asset platform. |
| Main markets | Forex, indices, commodities, stocks, options, cryptocurrencies and other products. |
| Maximum leverage | Up to 1:1000 on international and offshore accounts; limits depend on jurisdiction and instrument. |
| Best suited to | Experienced active traders seeking automated trading tools and high leverage through an eligible international account. |
| Less suited to | Traders who need uniform retail leverage and protections across jurisdictions, or who want to avoid leveraged derivatives. |
OEXN combines a low entry point on some accounts with materially higher requirements for Pro and VIP Raw. The main decision is whether the account’s jurisdiction, leverage and safeguards match your needs—not simply whether the maximum leverage is high.
Pros
- Standard account minimum deposit starts at $5.
- MT4 and MT5 support Expert Advisors and automated trading.
- International and offshore accounts can offer leverage up to 1:1000.
- Eligible retail clients of OEXN Limited have Investor Compensation Fund coverage up to €20,000 or 90% of the claim, if lower.
Cons
- Pro requires $500 and VIP Raw requires $2,000.
- Professional status may remove retail safeguards, including negative balance protection.
- The support team receives reports of withdrawal difficulties and slow or ineffective email follow-up.
- Stocks and several other markets are offered mainly through leveraged derivatives rather than direct ownership.
How OEXN Works
The basic trading model
OEXN offers leveraged forex trading and access to indices, commodities, stocks, cryptocurrencies and other products. The instrument mix is not uniform: index exposure is through leveraged derivatives, stock exposure is mainly through CFDs, and cryptocurrency exposure is generally through leveraged derivatives rather than wallet ownership. Commodity exposure is mainly through derivatives linked to spot or futures prices.
Clients can choose among Standard, Pro, VIP Raw and Cent accounts. MT4 and MT5 are available, with account-specific access varying; OEXN also offers a proprietary multi-asset platform. Social and copy trading, FIX API connectivity, and MT4/MT5 Expert Advisors provide options for following strategies or automating trading.
Important regional differences
OEXN’s international and offshore accounts can reach leverage of 1:1000 on major forex pairs. Retail accounts opened through its European entity are subject to ESMA leverage limits, typically 1:30 on major pairs and 1:20 on minor pairs. Asset-specific limits may be lower for more volatile products. The applicable entity also matters for protections: Investor Compensation Fund coverage applies to eligible retail clients of OEXN Limited, not automatically to every OEXN account.
The Costs That Matter
Trading costs
OEXN uses floating spreads. Standard accounts have no direct commission, while VIP Raw combines spreads from 0.0 pips with a commission of $4 per lot per side. Pro has no commission and spreads from 0.8 pips; these are minimum account spreads, not average spreads. The figures below are the reported average spreads for selected instruments, not guaranteed execution prices.
| Instrument | Typical / Average Spread | Commission |
|---|---|---|
| EUR/USD | 0.4 pips average | Account-dependent; Standard and Pro have $0 commission, while VIP Raw charges $4 per lot per side. |
| GBP/USD | 1.2 pips average | Account-dependent; Standard and Pro have $0 commission, while VIP Raw charges $4 per lot per side. |
| Gold (XAU/USD) | 0.15 points average | Account-dependent; Standard and Pro have $0 commission, while VIP Raw charges $4 per lot per side. |
| S&P 500 CFD | 0.58 points average | Account-dependent; Standard and Pro have $0 commission, while VIP Raw charges $4 per lot per side. |
Non-trading costs
OEXN charges no broker deposit fee and no broker withdrawal fee, although banks and payment providers may charge their own fees. Currency conversion can also incur third-party charges. Inactivity fees are €10 per month, or the trading-account currency equivalent, after 12 consecutive months without trading activity.
Overnight swap charges can apply to leveraged positions held past the daily close; depending on the position and rate differential, a swap may be paid or received. Swap-free Islamic accounts are available, with fixed administrative fees potentially replacing overnight rollover interest on long-term positions. OEXN also offers FX options without overnight swap fees.
Cost takeaway
Standard and Pro keep the commission structure simple but use spreads that differ by account. VIP Raw is designed around spreads from 0.0 pips and a separate per-lot commission, so the total cost depends on both the spread at execution and trading volume. Overnight holding, inactivity and currency conversion can add costs beyond the quoted spread.
The Costs That Matter
- Standard and Pro accounts have no direct commission; VIP Raw charges $4 per lot per side.
- Average spreads include 0.4 pips on EUR/USD and 1.2 pips on GBP/USD.
- A €10 monthly inactivity fee can apply after 12 consecutive months without trading.
Choosing Your OEXN Setup
Account options
| Account | Pricing model | Minimum deposit | Platform access | Main restriction | Most relevant for |
|---|---|---|---|---|---|
| Standard | $0 commission; spreads from 1.1 pips | $5 | MT4, MT5 and OEXN Trader | No separate account-specific restriction is stated; general regional/entity rules apply. | Traders seeking a low entry deposit and commission-free pricing. |
| Pro | $0 commission; spreads from 0.8 pips | $500 | MT4 and MT5 | Retail accounts receive negative balance protection by default; professional clients may forfeit that protection if they qualify for professional status and request it. | Traders willing to meet the higher deposit for the account’s spread and commission terms. |
| VIP Raw | Spreads from 0.0 pips; $4 per lot per side | $2,000 | MT4, MT5 and OEXN Trader | $2,000 minimum deposit. | Higher-deposit traders who prefer raw spreads with a separate commission. |
| Cent | From 0.0 pips; commission schedule applies | $10 | MT4 | Cent-denominated account. | Traders who want a cent-denominated balance and MT4 access. |
The Standard account has the lowest stated entry deposit, while Pro requires $500 and VIP Raw $2,000. Cent uses a cent-denominated balance and MT4; its commission schedule applies, but no specific commission amount is given here. Compare the account’s own deposit and pricing terms rather than assuming that one account’s costs apply to another.
Platform choices
| Platform | Web | Desktop | Mobile | Automation | Main Limitation |
|---|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes — Expert Advisors (MQL4) on the desktop/VPS environment | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
| MetaTrader 5 | Yes | Yes | Yes | Yes — Expert Advisors (MQL5), Strategy Tester and MQL5 automation on desktop/VPS | Full EA/custom-code development and testing are desktop/VPS-centric; browser/mobile versions are primarily for trading and monitoring. |
| OEXN Omnitrader | No | No | No | No native user-programmable algorithmic engine identified; custom automation, where available, uses another supported platform/API. | Public technical documentation is limited. |
Base currency and account configuration
Account base currencies include USD, EUR, GBP, CHF, AUD, CAD and NZD. OEXN offers demo accounts and Islamic swap-free accounts. Retail accounts receive negative balance protection by default; professional clients may forfeit that protection if they qualify for professional status and request it.
Choosing Your OEXN Setup
- The Standard account has a $5 minimum, while Pro requires $500 and VIP Raw requires $2,000.
- MT4 and MT5 support desktop/VPS automation; their web and mobile clients are primarily for trading and monitoring.
- OEXN offers demo and Islamic swap-free accounts.
What You Can Trade
OEXN covers several leveraged markets, but product structure matters: access to a market does not necessarily mean ownership of the underlying asset. The approximate counts and market details are below.
| Market | Approx. Number | Important Detail |
|---|---|---|
| Forex | ≈60 | Leveraged FX trading. Leverage, swap charges and pair availability can differ by account and legal entity. |
| Indices | ≈20 | Exposure is through leveraged derivatives rather than ownership of an index. Cash or futures pricing, trading hours and overnight charges can differ. |
| Commodities | ≈15 | Exposure is mainly through leveraged derivatives linked to spot or futures prices. Rollover, financing and trading-hour breaks can apply. |
| Stocks | ≈80 | Share exposure is mainly through CFDs; traders do not own the shares or receive voting rights. Short positions and overnight financing can apply. |
| Bonds | Not Offered | - |
| Cryptocurrencies | ≈10 | Exposure is generally through leveraged derivatives rather than wallet ownership. Availability can be restricted by jurisdiction. |
| Other | ≈15 | Can include ETFs, futures, options, baskets or other leveraged products. Eligibility, margin and trading hours can differ by platform and account. |
What You Can Trade
- The product range includes approximately 60 forex pairs, 20 indices, 15 commodities and 80 stocks.
- Stock exposure is mainly through CFDs, while index and cryptocurrency exposure is through leveraged derivatives.
- Bonds are not offered.
What Trading Is Like in Practice
Order execution
OEXN says orders are filled at the first market price available and are not requoted. Slippage can be positive or negative, so the execution price may differ from the requested price. This matters most during fast-moving markets, when the next available price may be less favourable.
Leverage, margin and stop-out
International and offshore accounts can offer up to 1:1000 leverage on major forex pairs, while European retail accounts face lower limits—typically 1:30 on major pairs and 1:20 on minor pairs. Leverage can also scale down for more volatile assets, including commodities, indices and some cryptocurrencies. OEXN’s margin-call level is 100%, and its stop-out level is 50%.
Trading restrictions
OEXN allows scalping, hedging and news trading on standard accounts, and supports automated strategies through MT4/MT5 Expert Advisors and FIX API. Arbitrage and latency abuse are prohibited. Hedging across separate accounts to manipulate margin or risk is prohibited, as is using opposite trades to exploit bonuses or swaps; some promotions may temporarily restrict hedging.
OEXN’s general scalping permission does not extend to abusive execution tactics. The broker says it may scrutinize or void trades when holding times and profits resemble prohibited abusive scalping algorithms. Traders should also distinguish permitted automation from prohibited latency abuse.
Day-to-day usability
MT4 and MT5 are available on desktop, web and mobile. Full Expert Advisor, custom-code and testing functionality is desktop/VPS-centric; browser and mobile versions are primarily for trading and monitoring. OEXN offers paid VPS hosting, with infrastructure through Beeks Financial Cloud and servers in financial data centres including London and Hong Kong.
What Trading Is Like in Practice
- OEXN says orders are filled at the first available market price without requotes, and slippage can be positive or negative.
- The margin-call level is 100% and the stop-out level is 50%.
- Scalping, hedging, news trading and Expert Advisors are allowed, but arbitrage and latency abuse are prohibited.
From Sign-Up to First Trade
1. Eligibility
OEXN does not accept clients from Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Iraq, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, North Korea, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Syria, the United Kingdom or the United States. Account and product access can also depend on the legal entity serving you.
2. Registration
Choose an account type and platform with its own deposit and pricing terms in mind. Standard, Pro, VIP Raw and Cent accounts have different entry requirements and platform access.
3. Verification
OEXN requires identity and address checks before approving an account. Traders must provide a valid photo ID, such as a passport or driving licence, and proof of residence, such as a utility bill or bank statement showing their current address. OEXN requires successful verification before establishing a business relationship or allowing withdrawals.
4. Initial funding
Minimum deposits vary by account: Standard starts at $5, Cent at $10, Pro at $500 and VIP Raw at $2,000. The payment-method tables give a $20 deposit minimum for each supported method, so the funding route can set a higher practical starting amount than an account’s minimum.
5. Getting ready to trade
Use the platform associated with your account and jurisdiction, and check the leverage applicable to the specific instrument. Demo accounts are available. Traders using Expert Advisors should use the desktop or VPS environment for full automation functionality.
From Sign-Up to First Trade
- OEXN requires a photo ID and proof of current residence before account approval and withdrawals.
- The stated restricted-country list includes the United Kingdom, United States and several European countries.
- Account minimums range from $5 for Standard to $2,000 for VIP Raw.
Depositing and Withdrawing Money
Deposits
OEXN charges no broker deposit fee. Bank or payment-provider charges may still apply, and processing time is separate from settlement time.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| $20 | No broker deposit fee | Instant | Not listed on current public funding table | |
| $20 | No broker deposit fee | Instant | Not listed on current public funding table | |
| $20 | No broker deposit fee | Instant | Instant | |
| $20 | No broker deposit fee | Instant | Not listed on current public funding table | |
| $20 | No broker deposit fee | Instant | Not listed on current public funding table | |
| $20 | No broker deposit fee | Instant | Instant | |
| $20 | No broker deposit fee | 1–3 business days | 3–7 business days | |
| $20 | No broker deposit fee | Instant | Not listed on current public funding table |
Withdrawals
OEXN does not charge a broker withdrawal fee, although bank or payment-provider charges may apply. The time below distinguishes OEXN’s internal processing from the expected settlement period.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| $50 | No broker fee, bank/provider charges may apply | Internal processing within 24 hours | Internal processing within 24 hours | |
| $50 | No broker fee, bank/provider charges may apply | Internal processing within 24 hours | Internal processing within 24 hours | |
| $50 | No broker fee, bank/provider charges may apply | About 2–10 business days | About 2–10 business days | |
| $50 | No broker fee, bank/provider charges may apply | Usually within 24 hours | Usually within 24 hours | |
| $50 | No broker fee, bank/provider charges may apply | Internal processing within 24 hours | Internal processing within 24 hours | |
| $50 | No broker fee, bank/provider charges may apply | About 2–10 business days | About 2–10 business days | |
| $50 | No broker fee, bank/provider charges may apply | About 2–10 business days | About 2–10 business days | |
| $50 | No broker fee, bank/provider charges may apply | Usually within 24 hours | Usually within 24 hours |
Cards and bank wires can take longer to settle than OEXN’s internal processing times. The withdrawal minimum is $50 for each method in the table, compared with a $20 deposit minimum.
Depositing and Withdrawing Money
- Each supported deposit method has a $20 minimum and no broker deposit fee.
- Each supported withdrawal method has a $50 minimum; banks or payment providers may charge fees.
- Withdrawal timing ranges from internal processing within 24 hours to about 2–10 business days, depending on method.
Customer Support
| Support Channel | Available | Hours | Languages / Important Notes |
|---|---|---|---|
| Yes | 24/7 | English, Greek, Italian, Arabic, French, Chinese, Vietnamese and Thai; [email protected] | |
| Phone | Yes | 24/7 | English, Greek, Italian, Arabic, French, Chinese, Vietnamese and Thai; +357 24242499 |
| Yes | 24/7 | English, Greek, Italian, Arabic, French, Chinese, Vietnamese and Thai |
Availability
OEXN’s support hours are 24/7. Email, phone and WhatsApp are the listed contact channels.
How traders can get help
Email OEXN at [email protected] or call +357 24242499. Support languages include English, Greek, Italian, Arabic, French, Chinese, Vietnamese and Thai.
Support limitations
Traders report helpful, practical guidance and easy access to chat or phone support, but also describe withdrawal issues that can be difficult to resolve and slow or ineffective email follow-up. The quality of follow-through appears uneven, particularly when a withdrawal problem needs resolution.
Customer Support
- Email, phone and WhatsApp support operate 24/7.
- Support languages include English, Greek, Italian, Arabic, French, Chinese, Vietnamese and Thai.
- Users report helpful guidance but also withdrawal-resolution difficulties and slow or ineffective email follow-up.
What Protects Your Money?
OEXN has a Cyprus-regulated investment-firm record and also operates from Mauritius. The protections that matter depend on the client’s legal arrangement: Cyprus Investor Compensation Fund coverage is for eligible retail clients of OEXN Limited, not a blanket guarantee for every account.
Legal entities and regulators
| Client Region | Regulator | License / Registration | Main Protection |
|---|---|---|---|
| Cyprus-regulated clients of OEXN Limited | Cyprus Securities and Exchange Commission (CySEC) | 423/22 | Eligible retail clients are covered by the Investor Compensation Fund up to €20,000 or 90% of the claim, if lower. |
OEXN identifies Cyprus and Mauritius among its regulatory jurisdictions, but the specific protections above concern eligible retail clients of OEXN Limited. International and offshore accounts have different leverage terms, and the Cyprus compensation scheme should not be assumed to apply to those accounts.
Client money protections
OEXN says it segregates client funds from corporate operating capital and does not use client funds for its own business. Its stated policy includes regular reconciliations with third-party holding banks. Retail accounts receive negative balance protection by default, but professional clients may forfeit it if they qualify for and request professional status. The Investor Compensation Fund limit applies to eligible retail clients of OEXN Limited.
Company transparency
OEXN was founded in 2022 and is not publicly traded. Its stated headquarters are in Mauritius, while its Cyprus headquarters address is Office 201, 72A 28th of October Avenue, Nicosia 2414, Cyprus.
Important distinction
Investor compensation and client-money segregation concern broker failure and the handling of client funds; they do not protect a trader from losses caused by market movements. Negative balance protection addresses the risk of retail trading losses exceeding the account balance, subject to the account’s eligibility and terms.
What Protects Your Money?
- OEXN’s CySEC license number is 423/22.
- Eligible retail clients of OEXN Limited have Investor Compensation Fund coverage up to €20,000 or 90% of the claim, if lower.
- Retail accounts have negative balance protection by default, while professional clients may forfeit it.
The Biggest Catch With OEXN
What the headline claim suggests
Leverage up to 1:1000 and spreads from 0.0 pips can sound like uniform terms across OEXN’s accounts. They are not: leverage depends on jurisdiction and instrument, and the raw-spread account carries a separate commission and a $2,000 minimum deposit.
What happens in practice
European retail clients face substantially lower leverage limits than the maximum available to international and offshore accounts. Professional status can change the protection trade-off too: clients who qualify for and request that status may lose retail safeguards, including negative balance protection. A high leverage ceiling therefore cannot be evaluated separately from the account’s legal arrangement and protections.
Who should care most
Traders considering high leverage, professional classification or VIP Raw should compare the eligible entity, instrument-specific limits, applicable safeguards, account minimum and commission before funding. Those prioritizing consistent retail protections should pay particular attention to which entity holds the account.
Who OEXN Is Really For
Consider OEXN if you...
- Use MT4 or MT5 and want to run Expert Advisors through a desktop or VPS environment.
- Trade actively and are comfortable comparing floating spreads, commissions and overnight charges across account types.
- Want copy trading, social trading or FIX API access as part of your trading setup.
- Understand that leverage and client protections can differ by jurisdiction and account status.
You may want to look elsewhere if you...
- Need the same leverage limits and protections regardless of the entity serving your account.
- Want direct ownership of shares or cryptocurrencies rather than primarily derivative exposure.
- Require a low minimum for a raw-spread account; VIP Raw requires $2,000.
- Prefer to avoid overnight financing, inactivity charges or the possibility of withdrawal delays.
The Bottom Line
OEXN’s clearest proposition is its combination of MT4/MT5 automation and leverage up to 1:1000 for international and offshore accounts. The compromise is that leverage, pricing and safeguards depend on account type and jurisdiction, with some higher-leverage choices carrying weaker retail protections. Experienced active traders who understand those distinctions are most likely to accept that trade-off.
How We Reviewed OEXN
Our assessment considers account terms, spreads and commissions, funding conditions, platform functionality, execution policies, instrument structures, regulatory records and client protections. Broker claims, the CySEC license record, and reported user experiences are treated as distinct kinds of information; we do not claim personal testing.
For more detail on how brokers are assessed, see our review methodology.
Contact Info
- Website:
- https://www.oexn.com
- Email:
- [email protected]
- Phone:
- 066-512-6574
- Company Address:
- Edith Cavell Street 33, Port-Louis 11324, Mauritius
FAQ
Is OEXN regulated, and what protections apply?
OEXN holds a Cyprus investment-firm license, CySEC 423/22. Eligible retail clients of OEXN Limited are covered by Cyprus’s Investor Compensation Fund up to €20,000 or 90% of the claim, if lower. That protection should not be assumed to apply to every international or offshore account.
What is OEXN’s minimum deposit?
The Standard account starts at $5, while Cent starts at $10, Pro at $500 and VIP Raw at $2,000. OEXN’s supported payment methods have a $20 deposit minimum, so the practical funding amount can exceed an account’s minimum.
How much does OEXN charge to trade?
Standard and Pro have no direct commission, while VIP Raw charges $4 per lot per side and has spreads from 0.0 pips. Reported average spreads include 0.4 pips for EUR/USD, 1.2 pips for GBP/USD, 0.15 points for Gold and 0.58 points for the S&P 500 CFD. Overnight swaps and a €10 monthly inactivity fee after 12 months without trading activity can also apply.
Which OEXN account should I choose?
Standard has a $5 minimum and no commission, while Pro requires $500 and VIP Raw requires $2,000. Cent is a cent-denominated account with MT4 access and a commission schedule. Compare each account’s own pricing, platform access and deposit requirement before choosing.
Which platforms does OEXN offer, and is there a demo account?
OEXN offers MetaTrader 4, MetaTrader 5 and a proprietary multi-asset platform. MT4 and MT5 are available on web, desktop and mobile; full Expert Advisor and custom-code functionality is desktop/VPS-centric. Demo accounts are available.
What is OEXN’s maximum leverage?
International and offshore accounts can offer up to 1:1000 on major forex pairs. European retail accounts are typically limited to 1:30 on major pairs and 1:20 on minor pairs, and limits can be lower for volatile asset classes.
Does OEXN allow scalping and automated trading?
OEXN allows scalping and supports automation through MT4/MT5 Expert Advisors and FIX API. Arbitrage and latency abuse are prohibited, and OEXN may scrutinize or void trades that resemble prohibited abusive scalping algorithms.
How long do OEXN withdrawals take, and does it offer negative balance protection?
Withdrawal timing varies by method: some are processed internally within 24 hours, while cards and bank wires can take about 2–10 business days. Retail accounts receive negative balance protection by default, but professional clients may forfeit it if they qualify for and request professional status.