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Ox Securities regulation: what happens if the firm fails
The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses Ox Securities and what the protections are.
Facts last checked . Read the full Ox Securities review.
Regulation and safety
- Regulated by
- Entity/jurisdiction dependent
- Regulator tier
- Offshore/international for current global offering
- Client money segregated
- Yes
- Held at
- Top-tier global banks
- Negative balance protection
- No
- Compensation scheme
- No statutory compensation scheme identified for global clients
- Audited by
- Not prominently disclosed
- Not available to
- Australia, United States, North Korea, Iran, Syria, Cuba, Sudan, Myanmar, Zimbabwe, Russia, Crimea and jurisdictions where services are unlawful
What this means
The licence is what decides where your money sits and who is obliged to do something about it.
Ox Securities lists its regulation as Entity/jurisdiction dependent.
Client money is held separately from the firm's own money, at Top-tier global banks. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
There is no negative balance protection. In a fast market a position can gap straight through your stop, and without this the resulting debt is legally yours - you can lose more than you deposited.
Covered by No statutory compensation scheme identified for global clients, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about Ox Securities regulation
Is client money segregated at Ox Securities?
Yes. Ox Securities holds client money separately from its own funds, at Top-tier global banks.
Does Ox Securities offer negative balance protection?
Negative balance protection at Ox Securities is recorded as: No.
Is there a compensation scheme at Ox Securities?
Ox Securities's compensation scheme is recorded as: No statutory compensation scheme identified for global clients. A scheme covers the broker failing, not losses on your trades.