Why Choose OptionsXO?
- 100% Bonus on ALL Deposits
- Comprehensive Education Resources
- 24/7 Customer Support
OptionsXO has been operating since 2012, and is owned and operated by the firm, Omni Capital Ltd. Their central operations office are sourced in Bucharest, Romania at – Omni Global Solutions SRL Bucharest, Third sector, 17 Baba Novac Street, Ground Floor, Bl. G13 ,2nd Entrance, Ground Floor, Suite 45, District 3, Romania.
The broker is fully regulated by CySEC (the Cyprus Securities and Exchange Commission), which incorporates MiFID (Markets in Financial Instruments Directive). This means they operate legally, and can address any disputes or issues that should arise when you are trading with them. This brings you, the trader, peace of mind and trust in the broker. Likewise, it’s a safeguard for the broker and helps legitimise their trading business.
As a fully regulated broker, OptionsXO can accept traders from all regions except the USA, Cyprus and Israel. All other regions are welcomed and they also offer accounts in a number of currencies. The entire team at TradersAsset agrees that there are many brokers for traders to choose from, but OptionsXO has one of the cleaner and more informative trading platforms out there. This is backed up by a very capable trading team and 24/7 support – essential for a seamless trading experience.
Trading Platforms and Features
OptionsXO uses TechFinancials, one of the leading binary options software platforms available. The OptionsXO platform is 100% web based. No downloads are required, just use any good browser to access the platform. You can then register, select a USD, GBP or EUR account and begin trading within minutes.
If you’re a fan of “trading on the move” or use mobile devices to trade, a version The OptionsXO platform is available on all mobile browsers. If you’ve got an Android device, they offer an app for you. The Android app is a scaled down version of the web platform’s functionality, therefore the web will always be a better option but their extensive asset list is the same on both, which is a lovely touch. Apple fans, unfortunately iOS devices are not currently catered for at this time.
OptionsXO has the trading instruments you would expect, including the popular 60-second, classic High/Low, and One-Touch. The most interesting items offered by the platform are their Early Closure option and Double Up features. Early Closure enables you to close a position ahead of the expiry of a contract and the Double-Up provision allows a trader to double their initial investment and increase profitability of a contract that’s heading towards profit.
Equally intriguing is the broker’s Rollover feature which enables traders to extend an expiry deadline of a contract to the next available expiry time. This works well if you expect to incur a loss at the first scheduled expiry and hope to see a profit by the next expiry time. Any option can only be rolled over once, but it is a great risk management feature.
Trading Accounts and Payouts
OptionsXO offers standard payouts of up to 89%, and uniquely, a refund of up to 15% if options expire out-of-the-money. Three new High-Yield option instruments are also available: Above/Below, High-Yield Touch, High-Yield Boundary. These High-Yield options are extremely risky, but offer traders more opportunities to increase profits with a rate of returns ranging between 200%-360%, one of the highest rates offered by a Binary Options broker.
Traders that prefer to do some demo trading can check the platform prior to depositing and trading real money. Just register and request a demo account from your personal account manager – as this isn’t advertised, and is only offered if requested. A deposit may be required before your demo account is active, but that is a standard feature with most brokers. This deposit can usually be withdrawn without charge, but please discuss your requirements with the support team when registering. Make sure you are aware of the exact terms and costs for withdrawals.
OptionsXO caters to different trading needs/requirements/levels by offering 4 different types of trading accounts. These are called the Mini Account, the Silver Account, the Gold Account and their VIP level Platinum Account. See below for more information.
The mini account is the standard trading account and provides traders with full access to the OptionsXO trading platform and an account manager. The minimum deposit requirement is only $200.
The Silver account requires a deposit of $2000. Traders who open this level of account will receive an additional return of 2% on every trade. They will also receive free access to OptionsXO’s learning center, market experts’ analysis are and free trading support.
The minimum initial deposit to open OptionsXO’s Gold account is $5,000. Investors will receive a return of 3% on every trade as well as free access to OptionsXO’s learning center, market experts’ analysis are and free trading support.
Platinum account holders must deposit $10,000. They will enjoy all the privileges provided to the other VIP accounts, but also receive 4% additional returns on each trade. A $10,000 bonus is also offered on deposit.
Don’t forget that ALL TraderAsset traders are entitled to a 100% bonus, THREE risk-free trades and one trading lesson with an OptionsXO senior trader. Ask your account manager for more details when making your first deposit.
NB: All bonuses require a 30 x trading volume on average, but please check your specific bonus terms with your account manager when registering.
We consider banking & security as two of THE most important foundations of a trusted binary options broker. It is essential that this is effortless, as it will build trust between broker and us, the trading clients. You are spoiled for choice with OptionsXO. They have a wide range of banking options therefore you can use the services you feel most familiar with.
It is important that a broker offers a wide range of deposit and withdrawal methods. It is also important that these client funds are segregated from company funds to safeguard your money in case of any issues. As a fully regulated and trusted broker, OptionsXO’s client funds are held at Barclays Bank in London.
Deposits can be made in USD, GBP, AUD, EUR, JPY, CAD, RUB but your account can only be in GBP, EUR or USD. Once account currency is set, it cannot be changed afterwards. Many credit cards are listed on the site and wire transfers are also accepted. OptionsXO also accepts cashU, Ukash, Skrill and Webmoney.
Your first withdrawal is free in each calendar month. Every subsequent withdrawal will cost $30 each time, therefore a reliable money management strategy is recommended. Please note: When you make a request for a withdrawal, your funds can only be transferred to the payment source of your deposit.
OptionsXo has made a commitment to help educate and support their clients, thereby increasing the chances of you making winning trades.
They offer their traders support in a number ways such as telephone, web form, email, or live chat. Their trader education centre is also very good and the account management is to a high standard. We provide more details below.
This is an area where broker was a bit lacking during our test/review period but excelled at later on. When I attempted to use the live chat feature, I received an error message. This has happened to me with the livechat windows at some other brokers at times, but it’s disappointing nevertheless. Another challenge was not getting live support during UK business hours on one day, but getting support the every other time we tried. The broker is clearly busy, and their team is fantastic as our issues were resolved quickly, however it’s just worth noting.
OptionsXO has a comprehensive education center and is definitely a great starting place for visual learners contemplating taking on binary options. The educational material is structured coherently, and is presented with enough flair to captivate those with even the shortest of attention spans. They also provide daily and weekly market news and their educational material provides legitimate value to customers – it is well worth a look. I most definitely do not recommend this as your sole source of trader education when it comes to the complex world of finance, but using OptionXO’s resources alongside other reputable sources such as us here at TradersAsset would go a long way into stacking the odds in your favor.
Why Trade at OptionsXO?
There are several advantages to trading with OptionsXO: The payout of up to 89% for options expiring in-the-money, a refund up to 15% if options expire out-of-the-money. Not to mention, the TradersAsset exclusive perks for all traders that click through from us: a 100% bonus on ALL deposit, 3 risk free trades, and a free training session with a senior trader.
OptionsXO does not stand out as the most innovative broker we have ever reviewed, but they do what they are meant to do very well. This means they are several steps ahead of many of their less-reliable competitors. They also provide a wide range of deposit options. Their resources are well organized and the platform is highly intuitive. It is easy to find information on their site and any information you cannot find is easily be located elsewhere. Boundary trading and additional payouts are also great features, and the $500 bonuses for referrals is very generous.
Aside from a busy support team and not taking US traders, OptionsXO met all our requirements admirably. We are proud to give them the “TradersAsset Approved Broker” status and recommend them highly to our traders.