OptionsXO

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.

Trading Platform

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.

Unique Features

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

• Rollover

Tool for extending the expiration time

• 30 Second Binary Options

Trade Types

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
• Above/Below
• Boundary
• 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.

Trading Accounts

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.

Payout Ratios

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%.

Asset Index

OptionsXO currently have 88 listed underlying assets that are tradable.

Customer Support

Customer support is available is various major languages like:

• Arabic
• English
• French
• German
• Italian
• Spanish
• Turkish

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
• Bahrain
• Canada, Montreal
• France, Paris
• Germany, Berlin
• Ireland, Dublin
• Italy, Milan
• Luxembourg
• South-Africa, Cape Town
• Spain, Madrid
• United Kingdom, London
• United States, New York

Reliability

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.

Pros

• 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

Cons

• Demo Account Not Provided
• High Withdrawal Fees

Conclusion

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.