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OptionsXO is one of the most recently established binary options brokers that are based in Cyprus. The platform is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC).
Although the platform only came online in 2012, OptionsXO has managed to carve a foothold in the competitive binary trading industry chiefly because it has build its business model on the lessons of past mistakes committed by other brokers.
Rather than opting for the generic SpotOption trading platform, OptionsXO had decided to use the platform that is designed by a company called Tech Financials. This is the same company which provided the trading platform to leading binary brokers 24Option and OptionFair. The platform is quite advanced and is suited for a mass market like the binary trading sector. The interface is simple and user friendly but is packed with information about the current market conditions. In addition, there is a live news feed that is displayed prominently on the trading dashboard.
Another thing about OptionsXO’s trading platform is the support for mobile trading. To date, only a select few binary brokers are providing support for mobile trading and OptionsXO is one of them.
The trading platform provided by Tech Financials also incorporated several special features that are excellent tools for profit maximization:
- Double Up
A tool which give traders the opportunity to increase their profits
- Early Closure
Allow running trades to be close before their expiration time
Tool for extending the expiration time
- 30 Second Binary Options
Most binary brokers offer their clients a choice of four or five different types of trading contracts. However, with OptionsXO, traders have a choice of seven different types of trading contracts. These include:
- 30 Second Options
- 60 Second Options
- Boundary High Yield
- Classic High/Low
- One Touch
- One Touch High Yield
With the high yield options such as Above/Below, High-Yield boundary, and High-Yield Touch, traders get the chance to earn returns as high as 360%! For those who want to have a quick turnaround of their investments, they can opt for the 60 second options. This type of option expired exactly in one minute.
As for the types of trading accounts, traders have a selection of four types of trading account:
- Mini (Standard Account)
- Silver Account
- Gold Account
- Platinum Account
The mini account only requires $25 to open. However, if traders want an additional 4% returns, they should open a Platinum trading account which requires an initial deposit of $15,000. Although this is a large sum by most standards, the good thing about this the fact that OptionsXO is willing to let traders claim a 150% deposit bonus on this sum.
The payout ratios offered by OptionsXO is slightly above that of the industry standard. For normal trading, trades can get a return up to 89%. As for high yields, the returns go as high as 360%. Even losing trades are entitled to a rebate of 15%.
OptionsXO currently have 88 listed underlying assets that are tradable. These are as shown below:
Tata Motors Ltd
|ASX-200 FutureCAC-40 FutureDAX-30 FutureDow Jones 30- Future
FTSE 100 –Future
Hang Seng Future
Nasdaq 100- Future
Customer support is available is various major languages like:
Contact can be made through the normal channels like email, live chat, Fax or phone. For the benefit of the clients, OptionsXO also provided several localized contacts numbers for the following countries:
- Australia, Sydney
- Canada, Montreal
- France, Paris
- Germany, Berlin
- Ireland, Dublin
- Italy, Milan
- South-Africa, Cape Town
- Spain, Madrid
- United Kingdom, London
- United States, New York
Being a regulated broker, traders are ensured of legal protections of their rights as a consumer. In addition, several others security measures are adopted by OptionsXO to help maintain the safety of their clients’ funds. These include using 128 bit SSL encryption to safeguard all internet traffic between the client’s computer and the broker’s server. Furthermore, all deposited funds are kept at Barclays Bank in London.
- 15% Rebates For Out Of The Money Trades
- Generous Deposit Bonuses
- Good Range Of Trading Contracts
- High Returns Up To 89%
- Large Number Of Underlying Assets
- Low Minimum Initial Deposits
- Numerous Trading Tools For Risk Management
- Various Promotional Offers
- Demo Account Not Provided
- High Withdrawal Fees
Although OptionsXO is a relatively new broker, it has proven itself by providing their clients which several unique tools that only goes to make a trader’s life easier. Furthermore, they made it easy and simple to trade with them by requiring only a low initial deposit of $25 to open a trading account. Returns are also higher than most brokers. The only major complaint about them is the high fees they charge for withdrawals. Apart from this, traders will get to enjoy trading with them.
i made withdraw request last thuesday(7/8/14) and after 2days they have blocked my account and now not risponding me,,
Scam Scam Scam
After trading with Options XO and receiving numerous pushy phonecalls, my account has mysteriously been blocked.
The contact form on their website doesn't work, my phonecalls are not answered and now i've received an email asking for photocopies of my passport and numerous other forms of ID, which stinks of scam.
This is clearly a website designed to steal your money.
A happy trader
Usually I am not into commenting but this one pissed me off…
I have been trading with OptionsXO for 8 months now, It happens to be that Philip is also my account manager and this is why I felt I have to comment here….
I win some and I lose some that’s the market and believe me that when I lose I also feel like getting on to one of these forums and bad mouthing him :-) but truth is no matter what, Philip is always there to give me the advice when I need it (and I need it). He even called me on my Bday with a special gift…
Say what you want about the market, sometimes it's a bitch, but blaming your losses on the account manager is a bit juvenile if you ask me.
Don't ever invest on optionsxo
Don’t ever trade on optionsxo. I have a bad story in here. when i won almost 1000%, they make me can’t trade for two days. When i want to take a position, the systems always says “price is changed. please try again”. after two days i can trade again but when i take a position the target price is 0,5 pips more far then the real target price. It seems that optionsxo won’t me to won. After that, i lose all of my money .. i think they’re not fair, and i think everybody must know about this .. they don’t want us to win ..
and the account manager doesn’t support us, they only call us when we lose .. my account manager’s name is Philip Smith, and he never give me an explanation about why i can’t trade and why the price is different .. please, don’t ever try to trade on optionsxo ..
I am using optionXO for my binary trading and I am really happy for their quick and super-fast service. When I faced problem in at my first money withdrawal then I got nice help from them. Their support team is really awesome. I am making profit with them.
BinaryOptions.net , USA 3.0 5.0 6 6 i made withdraw request last thuesday(7/8/14) and after 2days they have blocked my account and now not risponding me,,
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