Options XO Review
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|Headquarters||Ajeltake Road, Ajeltake Island, Majuro MH96960 Marshall Islands|
|Support Types||Live Chat, E-mail, Phone|
|Languages||English, Spanish, French, Italian, Arabic, Turkish, Chinese, Danish, Japanese, Russian, Korean, Portuguese, Swedish|
|Minimum Trade Amount||$25|
|Maximum Trade Amount||$10.000|
|Free Demo Account|
|Deposit Methods||Credit and Debit Cards, MoneyBookers, Liberty Reserve, UKash, CashU|
|Withdrawal Methods||Credit and Debit Cards, MoneyBookers, Liberty Reserve, UKash, CashU|
|Expiry Times||From 60 seconds to several hours.|
|Types of Assets||Currencies, Commodities, Indices, Shares|
|Account Currency||USD, EUR, GBP|
|US Traders Allowed|
OptionsXO, launched in 2012 and having its operations center in Bucharest, Romania, is a binary options trader. Its high-class platform is tailored to the needs of both advanced and novice traders. OptionsXO’s website is sophisticatedly designed and is easily navigable providing information about the choice of accounts, education, withdrawals, and payments. It is available in English, Chinese, Turkish, Swedish, Danish, French, Portuguese, Korean, Japanese, Spanish, Arabic, Russian, and Italian.
Different commission structures come with the several accounts at OptionsXO. The Mini and Silver accounts are commission-free and the minimum deposits are $250 (considerably lower than other brokers) and $2,000 respectively. People who would like to commence their trading via a Gold account are required to cash it with a $5,000 minimum deposit while the Platinum account’s minimum amount is $10,000. At the bottom of the landing page are listed the assets available for trade – commodities, currencies, indices, and shares.
Deposit and Withdrawal Options
Clicking on the deposit link under the page labelled with “Banking” would take you to selecting your payment options which are convenient, quick, and quite diverse. In addition, the broker is devoted to the client’s financial security, hence ensuring a pleasant trading environment. The deposit’s minimum is set at $200 and can be placed via Liberty Reserve, UKash, CashU, VISA, American Express, Diners Club, Maestro International, Skrill, and MasterCard.
In an effort to tighten the secure measure around withdrawals, thus guaranteeing an even more satisfying investor experience, all users who would like to issue a withdrawal are obliged to fill out a request form for withdrawing. Please keep in mind that the minimum amount for a withdrawal is set to $200 and there is a corresponding fee of $25. From the time of their receival, it regularly takes between two and five business days for withdrawals to appear in the account of the given user. Any bonuses that have been added to a member’s account necessitate completing of a pre-set trade volume in order to be later withdrawn.
OptionsXO provides a host of great features. Early Closure allows users to close a trade position before the contract’s expiration. Traders can double the amount of their initial investment thanks to the Double-Up option. If investors expect a loss in a session, they can use the Rollover function enabling them to prolong the provision’s expiration time to the next available one hoping to gain profit there. Rollovers can be used only once per option. In addition, OptionsXO offers also the classical High/Low option, the 60-second option the One-touch option.
OptionsXO’s Academy is quite extensive. It provides its clients with a binary eBook, introductory courses for beginners as well as in-depth videos courses for advanced traders. Courses include insights about interests and inflation, saving and investments, the crisis, the financial system, growth, financial management, market analysis, and probably the most important course is trading psychology.
OptionsXO’s website has a contact form and is available in 13 world languages. Phone assistance is provided from more than 10 locations around the globe. At customers’ disposal are also a live chat and an e-mail support.
Silver account holders can expect an additional return of 2%. Additionally, they are eligible for an access to all assets and instruments, free trade support, and analysis from senior market experts. The Gold account yields a 3% return on every trade, receives signals through WhatsApp, and has a granted access to all four chief assets. The Platinum investors get 4% additional returns, 24-hour assistance and support, access to all instrument types and all trading assets, as well as a free access to the learning center of the broker. All accounts, save for the Mini, also receive trading support from senior market analysts and experts.Open an Account