optionsXO is a binary broker based in London, UK and founded in 2012. OptionsXO is regulated by CySEC under the license number 206/13. There are several types of trading assets including 16 currencies, 12 indices and 3 commodities. optionsXO offers a variety of speed options which range from 15 seconds to 24 hours. Besides, it also offer 24 hours + and end of day options. Other types of options it offers include boundary, high/low, no touch and one touch options.
optionsXO offers traders a powerful trading platform created by Tech Financials. The trading platform supports various types of languages including Arabic, Danish, Russian, Swedish and etc. The Tech Financials platform features many advanced charts and live data feed. All the important features can be found on the front of the trading platform. There is no need navigate to other links or switch tabs to find the important information. You can find the analysis tools on the upper right side of the platform. At the bottom, you will find the latest news in the market. The list of open positions can also be found at the bottom.
Some of the main features of the platform are early closure, double up, roll over and high yield. The early closure option allows traders to close a position before the contract expires. The double up feature lets traders double their investment twice the original investment amount. The rollover feature can be used to extend the expiry time of the option. You can only use the roll over feature once for each option. The high yield feature offers traders an opportunity to earn a profit of between 200% – 360%. There are 3 types of high yield option instruments including Above/Below, High-Yield Touch, High-Yield Boundary. optionsXO also supports a mobile trading platform.
optionsXO offers a payout of up to 89% if your options expire in-the money. If your options expire out-the-money, you will receive a refund of up to 15%. You can get a $500 bonus whenever you refer a new friend.
Types of Accounts
optionsXO offers four types of accounts including mini,silver, gold, and platinum. The mini account requires a minimum deposit of $200. The silver has a minimum deposit of $2,000. The silver account gives you 2% returns on each successful trade you make. The minimum deposit requirement in the gold account is $5,000. The Gold account offers a return of 3% for every trade. The platinum account has a minimum deposit requirement of $10,000. The platinum account gives you 4% of return on your successful trade. The silver, gold and platinum accounts offer free access to the OptionsXO learning center and market analysis. All account types feature full access to the trading platform, and 24 hour customer supports.
Your account needs to be activated before you can begin trading. The mini account will automatically be activated after you complete the registration form. The VIP account can be activated by contacting the customer support department after you deposit the funds.
OptionsXO maintains a high safety of clients’ funds by transferring them into private banking accounts at Barclays PLC in London. Traders will be able to see the balance in the account at any time. The broker’s site is protected with 128 bit SSL encryption.
Traders can deposit funds into their accounts through a variety of credit cards including Visa, Mastercard, American Express, Diners Club, and Maestro International. You can also fund your account with MoneyBookers, Ukash, CashU and wire transfer. You will have to submit the bank swift code to the customer support if you want to perform a wire transfer withdrawal. The deposit can only be funded in one currency. The deposits can be made in several types of currencies including USD, EUR, and GBP.
You must submit a withdrawal request form that is completed with all the necessary information if you want to withdraw the funds. A $25 fee is charged when you make a withdrawal. In order to withdraw the funds, you must have at least $100 in your account. For wire transfer, the minimum requirement amount is $200. It will take about 4 – 7 days for the customer support department to verify the withdrawals. The funds will arrive in your bank account within 5 – 7 days after the verification.
optionsXO offers 24/6 customer supports through email contact form, telephone number, fax, and live chat. It supports 12 international telephone numbers including UK, Bahrain, Australia, Japan, Germany, Ireland, Luxembourg, Italy, Canada, Spain, France, and South Africa.
In conclusion, optionsXO is a reliable and trustworthy binary options broker that allows you to open an account with just a small deposit. optionsXO offers a much higher payout ratio compared to other brokers. It offers easy account registrations and does not charge any commission for opening an account.