|Headquarters||nvision House, HITCHIN, Herfordshire Herfordshire SG4 0TW United Kingdom|
|Support Types||Newsletter, Phone, Chat, Email|
|Languages||Arabic, Chinese, Danish, English, French, Italian, Japanese, Korean, Russian, Spanish, Swedish, Turkish|
|Trading Platform||Tech financials|
|Minimum Trade Amount||10|
|Free Demo Account||Yes|
|Number of Assets||53|
|Types of Assets||Stocks , commodities , currencies , indices|
|Option Types||Binary options (High/Low) , Short term (60) , One touch , Boundary|
|US Traders Allowed||No|
When we explored the OptionsXO website we were thoroughly pleased with this online broker. They had a lot of quality features that were not seen on a lot of binary options brokers websites. Were they perfect? No, but then again it is hard to find a perfect binary options broker.
That is why we review them for you, so we can help you find the ones that are the closest. We feel that OptionsXO is not a bad choice to trade on at all.
One thing we really liked about OptionsXO is it seemed that that had a good company focus on what goals and visions they wanted for their website. They also seemed sincere in bringing their traders a true all around binary options trading experience.
First impression and details are obviously very important to those guys. The highlight of the OptionsXO site is definitely their easy to use and helpful trading platform; it is simply put, better than most of the others we have seen out there. OptionsXO also provides a lot more leveraging opportunities than can be found on a lot of binary options brokers; it’s just another great way to minimize risk.
But did they pay attention to important things in trade as well as to the first impression or do they seem to lack that? We’ll see about that.
Should I open the OptionsXO account?
Due to the new Tech Technology, OptionsXO is very similar to 24Options, because they both use it. The website is pretty nicely organized, and everything needed can be found in one place, no unnecessary searches for trading tools. High/ low tab is also there, so one can choose between binary options expiring in from 60 seconds to even a month. High Yield Options cannot be found on many other places and this allows traders to achieve profits of even 360% by using the above/below function. Intraday is also available, if not for all the options, then for the most of them. Everyone who wants can see advantages of 4 types of account, but the chosen type will certainly depend on the deposit he is ready to give. The first type of the account is for standard traders, and it requires 200 USD/EUR/GBP deposit. Taking the amount of money required for the deposit of the last type, called VIP, the advantages can only be imagined. When reviewing the site we really liked OptionsXO’s return on investment. It was as high as 89% in some cases. That is about as good as you will find on any binary options trading website. They also have an extremely low minimum investment of only $10; that is great if you want to take a chance on a big payout without risking a lot of money.
Once again it is another feature of OptionsXO’s website that is among the lowest of all the binary option trading websites we compared. Are you one of those investors that like to place some big trades? Well that is possible too with OptionsXO’s $10,000 maximum investment.
Complaints On OptionsXO
There have been complaints about the account manager’s misbehavior, but it seems to be solved. Greater concern is the 2016’s degrading reputation. More and more people are complaining about not being able to withdraw money or being given only the initial deposit. The manager’s explanation to this is that he has earned that profit, so he keeps it, which is unacceptable.
Bonus offered by OptionsXO
Many special promotions and bonuses are offered here, but they differ from month to month, so one should update himself about the current ones. There is a chance that some promotions be applied to one’s account, so everyone should be careful.
OptionsXO Money Withdrawal
Anyone who wants the withdrawal, will be asked to fill in the request with personal data, and bring some documents, as everywhere else. The minimum withdrawal is 100 USD, and the answer to the request would be provided within 4-7 days.
Although the website has 13 languages, Terms and Conditions can only be read in English and Russian which is a big disadvantage. As it is previously said, no software download is needed.
The 63 assets are available at the company, with the expiry times from 60 seconds to one day. Also, tools like early closure and Roll Over are accessible. What concerns the most are the number of stocks that are much decreased- from 27 to 8 in 2016.
Commissions Support and Effective Return 7/10
The account opening is completely free, whereas a wire transfer withdraw would be paid 25EUR. People not being given a refund is the greatest problem which maybe takes them to some other companies.
Deposit, Payment Bonus 7/10
The deposit that one gives to a company depends on a type of the account one has chosen. There are four types, from a standard one, to the VIP, and there is a huge difference between the deposits given. Deposit starts from the standard one of 200$ to 10K for the Platinum account. Deposits can be made by credit cards wire transfer and different kinds of e-wallets. A Credit Card withdrawal cannot exceed the initial deposit amount and any sum exceeding it must be withdrawn via wire transfer. The first deposit bonus is 50% and the wager is 30 times the bonus amount. They also have special promotions.
If used carefully, The High Yield Options can surely be convenient. Traders have the access to the education system, especially good for inexperienced ones. the system is full of interesting information and resources. Rollover, double up and early closure are the excellent tools for any trader. Everyone with just a little experience can confirm this.