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7 Binary Options
We have found out that OptionsXO has shut down their operations.
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Try also Binary Option Robot if you are looking for automated binary trading.
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.
This broker based in Herefordshire, England has been online since 2020 and continues to experience a lot of trader growth in the industry, which is always a good sign when it comes to picking a binary options broker to trade with. Here is our in depth review about them.
Online since: 2020
İkili seçim brokerlərinin reytinqi:
– Very good trading software
– No customers from USA accepted
7 Binary Options Rating:
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.
One thing that we found was a little different about OptionsXO is there bonus system. It is not automatic as you would expect upon sign up. They do have a sign up bonus on request and they will let you withdraw that bonus once you have invested twenty to thirty times the value of your requested bonus and deposit combined. They also have a generous referral bonus if you help bring new members to their website; it’s hard to complain about getting a little free money to invest from time to time.
Maximum Profit (payout)
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.
Types of accounts
OptionsXO has several different account levels that can be assigned to a trader. These are based on the amount of a new account holder’s initial deposit.
The OptionsXO Mini
The first level of account is the OptionsXO Mini account. This account requires very little to set up besides the minimum deposit fee of $200. If offers just a minimum level of access to the trading platform itself.
The OptionsXO Silver account
The second level of account is the OptionsXO Silver account. This package is obtainable by depositing at least $2000. When we looked at it for review, we saw that it had several perks the OptionsXO Mini account did not have. The traders will be able to get payouts that were approximately 2% higher than those with the OptionsXO Mini account.
They were also able to access more tools in the learning center, were able to get 24/7 support and had access to expert personal trading support. We found this to be a very nice level account to use.
The OptionsXO Gold account
Next up is the OptionsXO Gold account. Access to this level account requires a minimum deposit of $5000. It features upgraded returns on payouts of 3%. It also expands upon the other features that were mentioned that came as part of the OptionsXO Silver account level.
The OptionsXO Platinum account
For the ultimate trading experience an investor would have to make a minimum deposit that takes them to the OptionsXO Platinum account level. This is a great level for the ultra-serious investor. Included in the package are trade payouts that are 4% higher than the basic account level. It also included all the features of the previous account levels. We really enjoyed this level of account when we took it for a test drive.
One of the unique features we found when using OptionsXO was the temporary bonuses that were offered from time to time. The higher the account level the more bonuses it seemed were offered. It’s great when a trader can get some free investment money from time to time; just be aware that just like with the initial deposit, there are stipulations that come with every bonus. Sometimes they require as much as a 20 – 30 times investment rollover in order to be able to withdraw the money.
We really thought that the trading platform that OptionsXO uses was very good as we stated before; it is definitely one of the best reasons to trade with them. The platform is based on the highly popular TechFinancials software. You don’t get much more user friendly than this platform and the analysis and learning support that come with it are very good. We liked the fact that the interface was adjustable to the trader’s preferences as well.
There are a lot of choices when it comes to placing trades OptionsXO. They not only have a lot of choices as to the types of options that you can trade, but they also have a lot of different time frames you can trade them on. We really liked the flexibility here when we tried the site.
Trading options that can be chosen are High/Low option, One Touch option, 60second option, Long Term option, Boundary options and One Touch options. There are also some variations allowed on several individual binary options types.
Tradable time frames include 15 second, 30 second, 60 second, 2minute, 5minute, 15 minute, 30 minute, 1 hour, 24 hour and End of Day expiration times.
OptionsXO also offers a variety of assets to choose to trade such as currencies, stocks, indices and commodities. We did feel they could have offered more choices here considering how well the rest of the site was done.
The risk management tools on OptionsXO were very good; they allow a trader to make adjustments to their trades even if they have not reached their expiration time yet. There are even options to do such things as double down on a trade.
Overall we found the trading options offered to be a little on the exotic side, but they did usually feature really nice returns on your investment.
The site does feature a lot of nice learning tools that help educate the trader and also teach them to correctly identify winning binary options signals. The demo account they provide also goes a long way toward getting new users acclimated to the trading platform.
Banking was found to be just adequate on the OptionsXO website. They did offer a variety of deposit and withdrawal methods such as Mastercard, Amex, Skrill Moneybookers, CashU, Diners Club, Maestro and Ukash, but we found their 4 – 7 day cash out processing time, even for high level accounts, to be a little on the long side.
OptionsXO does a really nice job with their customer service and support. A trader can get help in several different languages and there are phone numbers where there can be reached in over 20 countries. You will also be able to contact them on a 24/7 basis to get any problems taken care or to get any other type of help. There was also help that could be gotten by e-mail and live chat. We found the support that a trader could receive to be more than satisfactory.
We thought the withdrawal processing time of 2 – 4 days was excessive and then it takes another 1 – 2 days to get your money. In the future, adding a few more assets to trade would go a long way toward improving the site also.
OptionsXO was not the best binary options website that we ever reviewed, but it did have a lot to offer its many traders. Even with a limited amount of assets to trade, we feel it is still a site that has a lot of potential to help investors make a nice profit on their trading. We loved it wide variety of option choices and trading expiration times. You could tell it was a site that was clearly designed with the trader in mind and it does a lot to help them become successful. We recommend reading also Banc de Binary review as well as Binary Option Robot review.
Customer Service: Live Chat / Email: [email protected]
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Between 74-89 % of retail investor accounts lose money when trading CFDs
OptionsXO was created with the goal of bringing high technology and integrity to the binary options trading world. Today, the broker boasts over 14 billion dollars in turnover every month. The good news is that registration on OptionsXO is absolutely free of charge for all traders. No pre-deposits, subscription fees or membership costs are required. Potential traders are not charged anything to sign up with OptionsXO. The broker imposes no restrictions on traders both during and after registration.
A trader may remain with OptionsXO for as long as they desire. The process for registration and logging in to OptionsXO is very safe, simple and easy as traders only need to supply their data during the initial registration process. It is very easy to register on OptionsXO by following these steps:
For own safety, before making your initial deposit, OptionsXO will require verification of all the data provided. Government-issued ID with a photo, copy of your credit card, and some personal/residence bill displaying complete name and address are also required. Once verification is complete, trader receives an activation email. This entire process will not take longer than 24 hours to complete.
Once registered, the trader can make a deposit that enables trading, by using a credit card or wire transfer. What makes OptionsXO stand out from other binary options trading platforms in the industry is the fact that this broker offers several account types to select from. In addition to a Demo account with a minimum deposit of 200 USD, GBP or EUR, there is a Silver, Gold and Platinum account.
Bonuses are rewarded by OptionsXO upon request. OptionsXO offers various attractive reward features for both new and regular users. As part of the OptionsXO promotions program, OptionsXO rewards customers with bonuses and one-time trading credits. Traders may use this bonus to test out their trading skills without actually risking any real amounts of money. Such practice provides traders with valuable experience that will come in handy during real live trading.
To enjoy the free bonus from OptionsXO, it is not required to deposit any money. It is possible to sign up and wait to receive a bonus, completely free of charge. After accepting the bonus, one is required to execute trades to the value of the deposit plus the bonus times 20. Therefore, before withdrawing any funds, this condition must be fulfilled. In addition, before being able to withdraw any bonus and profits, one will need to attain the trading volume of the indicated value. In the event that one fails to do so, the bonus and profits will be forfeited and the trader may only withdraw the funds deposited.
The promotions that OptionsXO offers will specify the terms and conditions of each bonus. Once these terms have been met, the bonus will be allocated to the account balance as the currency that you can withdraw freely with any additional funds in your OptionsXO account.
Refer a Friend OptionsXO Bonus
Traders are also entitled to receive the OptionsXO Refer a Friend Bonus or RF Bonus in short. To receive this, refer a friend to OptionsXO in accordance with the broker’s referral procedure. Your friend is then required to open a user account with OptionsXO, deposit at least 200 units and then perform a trade. Once this is done, both of you will receive 50 units as a bonus within 2 business days. To withdraw this bonus, you are required to make trades in the volume of a minimum of 30 times the bonus sum.
There is no limit on the number of RF bonuses a trader may receive, although this one is granted once per friend. It is possible to enjoy the free bonus offered by OptionsXO simply by signing up for the binary options account. Traders who do this will then have access to the bonus money which is deposited into the live account with no prior commitment on deposits. The idea behind the OptionsXO bonus is simple. It is designed to serve as an incentive to attract newer investments for the binary brokerage account. In order to be eligible for these free bonuses, traders are subjected to various fees that they have to pay. This bonus comes with various terms and conditions that regulate the withdrawal of profits.
OptionsXO Demo Account
OptionsXO offers a demo account to new traders signing up on their site. The OptionsXO demo account is good because it allows traders to try out the platform, trade with virtual money and see whether their strategies work.
This demo account makes it easy for both beginner and pro traders to test the OptionsXO trading platform and trade binaries without the risk of losing real money. The demo account is a great way for traders to develop their own trading skills free of charge. In order to use the demo account, sign up on the OptionsXO site and open an account on their virtual trading platform. This demo account enables traders to purchase binary options with virtual money while still enjoying the regular features of the real OptionsXO trading account.
What this means is that traders are able to purchase binaries in exactly the same manner as they would in the real market at prices that reflect real, live trading prices. This is what differentiates demo trading from the simple simulation of the markets and is the reason why demo accounts are increasingly popular among advanced traders who use them as valuable tools for strategy testing. Trading on this demo account means you get to enjoy a completely free service without having to part with any money on the OptionsXO platform.
Even though there are no financial risks, demo trading gives traders a good indication as to whether or not they are likely to reap profits should they choose to trade for real. When experiencing any troubles using the demo account, simply contact OptionsXO customer support via 24/5 Live Chat, phone or email and receive assistance in a variety of languages.
OptionsXO Mobile Trading
OptionsXO is one of the top binary options trading platforms optimized for mobile use. OptionsXO has developed their mobile trading platform to provide traders with fast and easy access to their binary trading accounts. Regardless of their location, traders are able to enter their account, monitor market conditions and thereafter execute trades whenever lucrative opportunities appear. The full functionality of this mobile trading platform enables traders to trade at high aptitude regardless of their location or time, by simply using their mobile phone.
OptionsXO is just one of the top binary options trading platforms that have been optimized for mobile use through the introduction of apps that every Android or iPhone user is aware of, as well as web-apps that work directly within smartphone browsers, although independent of the operating system.
Sign up with OptionsXO today and enjoy access to their apps for both Android and iPhone devices to enjoy a superb trading experience.
OptionsXO Platform Review
This is a summarized review of optionsXO:-
On the other hand, there are some disadvantages associated with this online broker:
Based on our review, it is clear to us that the online broker puts the interest of their traders before everything. An example of this is that they are making it very easy for individuals to open accounts since the minimum deposit required is only $100. Other than that, the payout ratio require is 89% and this is above the standard of the industry. The concept that they are regulated is another advantage as well. Overall, this is a great online broker that you should consider taking a look at if you are interested in online trading.
Overall, the online broker is reliable if they fix certain aspects in their system such as the initial deposit and not being clear about who exactly owns the company. Even though they are not one of our best companies, they can definitely be on the way if they take the time to improve the points mentioned previously. Take your time in looking at all the different features provided by the broker before you make your decision because this is going to enable you to understand if the broker is suitable for you.
Master the markets with IQ Option
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 2020, 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.
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