Review of OxMarkets.com
|Support Types||Live Chat, Support Email|
|Languages||English, Spanish, German, Italian, Vietnamese, Polish|
|Minimum 1st Deposit||$250|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$1500|
|Bonus||up to 100% Deposit Bonus|
|Free Demo Account|
|Regulation||Regulated by Cysec|
|Account Types||Micro, Silver, Gold, VIP|
|Deposit Methods||Visa, Mastercard, Bank Wire, Diners Club, Maestro, Visa Electron|
|Withdrawal Methods||Visa, Mastercard, Bank Wire, Diners Club, Maestro, Visa Electron|
|Expiry Times||60 sec, 15 min, 1 hr, End of Week|
|Types of Assets||Currencies, Stocks, Indices, Commodities|
|Option Types||High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options|
|Account Currency||USD, EUR, GBP, PLN|
|US Traders Allowed|
- Superior customer service
- Wide selection of trade options
- Does not accept traders from the US
OXmarkets is owned and operated by OX Capital Markets Ltd based in Limassol Cyprus. The broker operates under the license and authority of Cypress Securities and Exchange Commission (CySEC) as well as strict guidelines set by the European based Markets in Financial Instruments (MiFID). OXMarkets is also a member of several investment groups. The solutions offered by the company are designed to serve different trading and client needs. One of the greatest benefits of investing in binary options is the opportunity it offers to investors to invest the least amount of money and shortest amount of time possible in trading. OXMarkets believes binary options trading offers a quick and straightforward method of investing in the capital markets because it gives traders the opportunity to read and take advantage of market volatility. Options trading involves predicting a price rise or fall in a particular item at a given time interval.The OXMarkets platform also offers investors an opportunity to trade on a wide product spectrum, including forex, commodities, stocks, indices and precious metals. The commodities traded at OXMarkets include crude oil, sugar, coffee and sugar along with gold, silver and platinum. Some of the top indices listed here include S&P500, FTSE 100, DAX, Dow, Nikkei and NASDAQ. In terms of trading tools and resources, OXmarkets operates a resource center that offers educational material and other pertinent information. This information can be accessed through One-on-One trading courses, videos, eBooks, FAQs and Webinars. The other information offered by the company, include latest trading news, market analysis and reviews designed to help traders make sound decisions. Some of the major currencies used in trading at the brokerage include USD, British Pound, and the Euro.
Company Background and Areas of Operations
The website can be accessed in various languages, including English, Spanish, Polish, Hungarian and German. Since its establishment in 2015, the Cyprus based binary options trading firm has been highly profitable providing maximum returns to the tune of 91% in some instances. The OXmarkets platform is highly beneficial and reliable because of the many trading options and trading incentives it offers to traders. To protect the traders, the broker has put in place stringent policies to ensure the finances and personal information of every trader is protected because the binary broker operates with full backing of the EU rules and regulations. Many users who have traded on OXmarkets say it is reliable and efficient since it offers traders a legitimate opportunity to make money. OXmarkets allows traders from various countries around the world, including the UK, Germany, Cyprus, Canada, Spain, Australia and Italy. Traders from the US, Israel, Belgium and Japan are not permitted.
Some of the pros of trading at OXmarkets include availability of multiple languages, access to a wide range of trading options and impeccable customer service. Minimum trades allowed by OXmarkets is $250. On the overall, the company offers 4 tier trading accounts; the Micro account, Bronze account, Gold account and Silver account, each with a different deposit requirement. The deposit requirement for the Micro account is the smallest; account holders need to have at least pegged at $250 in their account. Some of the attractions of owning this account include a highly rewarding Welcome bonus of up to 25% and introduction lessons on trading through various resources such as Education EBook.
The Silver account is highly suitable for advanced traders who have the stipulated amount of money in their accounts. Some of the trappings that come with this account include 25 daily signals with insights on intra-day trading activities and access to exclusive educational webinars and personal marketing analysis. The Gold account is perfect for seasoned trading professional who are willing to invest huge amounts of money to the tune of $10,000 to $25,000. For traders with this type account, the brokerage offers up to 70 daily trading signals and high returns per trade along with expert advice from experienced support managers.
What can you trade?
The trading platform offered at OXmarkets includes indices, currency pairings and commodities trading. The binary trading options available include ladder binary options; short-term binary option such as the 60 seconds option; pairs binary options, call and put binary options and long-term binary options among others. The one touch option promises a high payout of up to 500%, if the price the nominated asset reaches the preset price. Under the 60 seconds options, traders get the opportunity to make high profits in the shortest amount of time possible. The long term option is a simple call/put option with longer expiry periods running from 2 to 7 days or more. The Ladder option allows traders to make multiple asset predictions and their expiry period. This strategy has multiple target prices with different payouts ranging from a low of 0% to as high as 800% or more.
The pair’s option gives traders the opportunity to calculate how weak or strong an asset will be in the future, compared with other assets. OXmarkets offers up to 12 currency pairings, the most traded pairs include EUR/USD, EUR/JPY, USD/CAD and GBP/USD. OXmarkets also operates a special type of option called Forex/CFD, which is very closely linked to forex trading. With this trading option, traders enjoy a host of features, from trading margin to the resourceful stop loss and target profit trading features. The expiry times for all the available trading options are 60 seconds, 10 minutes, 15 minutes, 1 hour and 7 days. Binary options trading on OXmarkets platform takes 3 easy steps. The first step is choosing the platform and asset you wish to trade. The next step is selecting the expiry duration and the amount of money you want to invest. The last step is making a prediction on the price of the assets along with their stipulated expiry periods.
The OXmarkets mobile friendly software is powered by Spot Options. The instant to play software requires no downloading and can play of various browsers. The software comes with many features, including a mobile app. The newly developed mobile platform uses both Android and iOS devices. The company is working out ways to upgrade its systems to make it more user-friendly. The OXmarkets software and user information are continuously upgraded to meet the company’s goals to offer up to date trading data, account information and answers to various queries.
The company’s goal is to ensure it provides a safe and reliable trading platform, along with a series of enticing bonuses such as the 100% welcome bonus and unlimited risk free trades. The risk free bonus is designed to minimize the risk of exposure in the first two trades an investor makes. This bonus can only be accessed after making the first deposit. New members also get a chance to win 1kg of gold bar if they participate and win a competition run by the brokerage. OXMarkets also runs various promotions such as the free Demo account for beginners. Through this account, traders get a balance of between 10 to 15k that runs for 7 days. The Demo account comes with entry level, education eBook and introduction to trading classes.
Deposit & Withdrawals
This highly regarded and rated options brokerage allows minimum and maximum investment of $5 and $1500 respectively. OXmarkets accepts deposits and withdrawals through Debit/Credit card and wire transfers. The methods listed include Visa, MasterCard, Visa Electron, Maestro and Diner Club. Traders or account holders have the option of canceling their withdrawals within the set timeframe. Requested payout is normally effected within 5 business days. Depending on the selected deposit or withdrawal method, traders must first verify their personal details before making a deposit or withdrawal.
OXMarkets Customer support
Many people who are joining OXMarkets appreciate its ability to offer multiple types of options, lucrative payout ratios, trading signals and mobile trading. Besides core trading platforms, OXMarkets offers a host of information and educational resources for traders and visitors because it places a lot of value on education and right decision making. The user-friendly website supports various languages to ensure the needs of various traders are met. The preferred customer support language is English; however, several other languages such as German, Italian and Spanish are supported by the help desk. Customer service is available via phone Cyprus +357-25-000-198, Live Chat and email at [email protected] Expert analysis is available 24 hours a day, 5 days a week on various trading aspects.