This broker is closed. Trade with IQOption instead.
OptionsXO in South Africa
OptionsXO is one of the best brokerage companies in binary options industry. They were established in 2012 and are owned by Omni Capital Ltd.
For the past few years, this broker is continuously working on providing the best trading instruments and services for traders to have a profitable binary options trading experience.
In our OptionsXO review, we will take a closer look on their trading platform and available services that this broker offers traders in South Africa, such as:
OptionsXO Trading Platform
While writing OptionsXO review, we discovered that they use TechFinancials as its trading software.
It is one of the best available out there and present as excellent and user friendly interface for traders to use in when trading binary options. TechFinancials interface presents very modern and professional approach to binary trading world and traders can easily navigate through the site.
When trading, traders can see all significant information on the main screen, without switching the tabs which simplifies trading process. On the upper right side, traders can choose among many trading instruments, while on the bottom of the site, they can read latest market updates and news regarding different trading assets.
To begin trading binary options with OptionsXO, minimum deposit is $200 and maximum bonus can go up to unlimited. Bonus trading terms require 30x turnover.
Minimum investment per trade is $25 and maximum investment is $10000. Highest possible return with this broker is 89%. Traders in South Africa can place trades in following accepted currencies, including USD, EUR and GBP.
For more details regarding trading features and banking, read below in OptionsXO review.
OptionsXO Trading Features and Services
This broker offers a whole set of useful trading services, but let’s start with available trade options on OptionsXO trading platform, which include 60 Seconds, High/Low, One Touch, Boundary, Long Term and Touch Options.
For traders to set expiration time for chosen trade option, here is the list of expiry times: 15 seconds, 30 seconds, 60 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hr, 24 hr + and end of day.
Traders can place trades in a variety of available underlying assets, such as stocks, currencies, commodities and indices. On the bottom of the site, traders can find a full list of all assets that can be used in binary trading process.
OptionsXO offers traders very useful and innovative trading features that can help traders in South Africa to achieve high payouts in the trading process. These features are Rollover and Double Up.
Rollover – with this feature, traders are able to postpone expiry time of an option that can increase profitability. Traders use Rollover when they want to profit from market changes and turn possible loss to a money gain. For Rollover to be possible, option must be out of money and it can be done at least 30 minutes before option expiries.
On the other hand, feature called Double Up enables traders to double the trade if they are convinced that trade is going in the right direction. They can activate Double Up button and second option will be created, but under the same conditions as the previous one. With this trading feature, traders can double their investment.
During our OptionsXO review, we noticed how this broker offers two excellent and very popular trading services in binary options industry and those services are mobile trading and demo account.
In our OptionsXO review, we’ll explain them more closely. Let start first with demo account. OptionsXO allows traders in South Africa to improve trading skills in order to become more experienced at no risk.
This is possible due the fact that in demo version of the platform traders do not invest real money. Instead, they place trades with virtual one and this way, they gain confidence in trading binary options because they are aware they can not lose any money.
Demo account is especially designed for traders who join trading platform and want to learn how they can benefit from binary options trading. They can practice and use different strategies which ones they find most useful.
On OptionsXO demo account, traders can also choose among several trade options and place trades with a variety of underlying assets, just as on the usual trading platform.
OptionsXO mobile trading, however, is an excellent choice for traders who are always on the move and thanks to technology development, now they can trade binary options on tablets and smartphones also. OptionsXO mobile app is compatible with both iOS and Android system.
Now, traders do not have be in front of computers to be able to trade binary options, but they can use mobile version of the trading platform and maximize profit when they are on the go.
OptionsXO Trading Accounts
This broker offers 4 account types for traders worldwide to choose from. These accounts are: Mini, Silver, Gold and Platinum.
OptionsXO Mini Account
Required minimum deposit $200, access to trading platform and no commission
OptionsXO Silver Account
Required minimum deposit $2000, access to trading platform and Education Centre, 2% return on each trade, customer support 24 hr, available trading expert to consult with and no commission
OptionsXO Gold Account
Required minimum deposit $5000, access to trading platform and Education Centre, 3% return on each trade, customer support 24 hr, available trading expert to consult with and no commission
OptionsXO Platinum Account
Required minimum deposit $10000, access to trading platform and Education Centre, 4% return on each trade, customer support 24 hr, available trading expert to consult with and no commission
OptionsXO has a multilingual trading platform that is available to registered traders. We were astonished when we saw such a wide selection of different languages, which include English, German, Spanish, French, Italian, Russian, Danish, Swedish, Portuguese, Japanese, Korean, Chinese, Turkish and Arabic language.
OptionsXO Customer Support
Quality and up to date customer support is the first service with which traders in South Africa are faced when they sign up with the binary broker. OptionsXO provides traders with customer support service 24/7 and traders can contact this broker via email [email protected], live chat, web form and telephone.
During our review, we tried live chat and we satisfied with assistance, provided by OptionsXO agent. OptionsXO review shows that phone number for South Africa traders is +27 021 299 69 87. Phone numbers are also available for following countries: UK, Spain, France, Luxembourg, Italy, Ireland, Germany, Canada, Japan, Australia and Bahrain.
During our OptionsXO review, we found out that this broker offers traders an exquisite selection of educational materials to traders worldwide.
Traders can choose among a variety of different tutorials and materials that assist them to achieve high payouts when trading binary options.
Traders can use FAQ, How to trade? and explanations of technical and fundamental analysis. Traders have on their disposal tutorials for beginners and advanced traders and a wide range of webinars and trading guidelines where each trader can get information that is needed for trading process to be profitable.
OptionsXO Banking Info
Banking issues and security of trader’s funds are the most significant in the binary trading industry and so does OptionsXO pays a lot of attention to enable traders to have a safe binary options trading experience.
To make payments with this broker, few documents have to be sent for authorization, such as photo ID, proof of address and copy of credit card if it used in the trading process.
Minimum deposit amount is $200 and traders can deposit through several different payment options, which include debit and credit cards, bank wire transfer and e-wallets.
Accepted cards are: Maestro, Mastercard, Diners Club and American Express. Very popular payment option is binary industry are e-wallet providers and OptionsXO accepts Skrill Moneybookers, Ukash and CashU.
As far as withdrawal process concerns, minimum amount is $100.
Unfortunately, this broker charges fee of $25 per each withdrawal made. With withdrawal via bank wire, amount is $200. After traders submit withdrawal request, it takes between 4 to 7 days for OptionsXO to process it. Later on, additional 5-7 business days are required for money to be visible on the account.
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