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OX Markets Broker Review

OX Markets
Min. Deposit: $250
Min. Investment: $5
Max Returns: up to 90%
Rating:
Regulated Broker: Available
Signals: Yes
  1. OX Markets

    This broker is closed. Try trading with IQoption instead.

    OX Markets is a new brokerage company introduced to interested traders in South Africa. Their ultimate goal is to provide superb trading conditions for profitable binary options trading journey.

    This broker is operated by OX Capital Markets Ltd.

    Below in OX Markets broker review, we will provide detailed information about how to trade on this platform and what are available trading instruments which can be used by South African traders once they register with OX Markets.

    OX Markets General Information

    Our OX Markets broker review showed how required minimum deposit is $250, while returns go up to 90% that seems as an attractive amount for interested traders. Minimum investment is just $5. It is possible to deposit in USD, EUR and GBP.

    Also we discovered in OX Markets broker review how this broker offers bonuses as incentives to join this platform. Required bonus turnover is 30x.

    Bonus is not obligatory and to be able to withdraw it, turnover is necessary. However, bonus must be used in period of 60 days. For more details regarding bonuses, we recommend South African traders to check bonus policy in Terms & Conditions.

    OX Markets Trading Platform

    While doing this OX Markets broker review, we learnt how they use SpotOption as preferred software, one of the best in binary industry. This platform has implemented innovative features and user-friendly interface to provide traders with overall positive experience when trading binary options.

    In OX Markets broker review we noticed how available trade options are: 60 Seconds, One Touch, Ladder, Pairs and Long Term. included times of expiry range from 60 s, 10 min, 15 min, 1 hr up to 7 days.

    This broker offers on its platform a wide selection of underlying assets, such as a stocks, commodities, currencies and indices. To be exact, more than 200 assets all together. Under Assets tab, South Africans are able to find a complete list of available assets.

    OX Markets Trading Features

    During OX Markets broker review, we learned how this broker tries to ensure traders a wide range of useful and yet simple features for better trading results.

    For example, they offer mobile app for busy traders who are always on the go.

    This mobile app is connected with both Android and Apple devices and can be downloaded from Google Play and App Store. App can be used on tablets and smartphones as well. Their mobile app is simple to use and has same options just as regular web-based platform.

    Practicing on demo account is also one of main reasons why many traders choose a specific broker. We are glad to inform our readers how OX Markets broker offers demo to their registered traders.

    Under Account Types tab, South African traders can find detail information about this demo and what amount is available for traders to train. Demo are often used by inexperienced traders who can practice and test the platform in order to gain more trading knowledge. Depending on a specific account type, demo is available, according to period of time and amount of virtual money on disposal.

    As part of their regular promotion, OX Markets broker offers unlimited risk free trades. To get them, traders need to create an account, deposit at least $250 and claim 2 risk free trades.

    This platform is available on more languages, such as English, German, Italian, Russian and Vietnamese. Therefore, not just South African traders are able to navigate over this platform on well-known language.

    OX Markets Account Types

    What we discovered in OX Markets broker review is that this broker prepared 4 different account types to registered traders to choose from. Each trading account differs from another by deposit amount and other trading characteristics.

    ox-markets-how-to-tradeOX Markets Micro Account

    • Deposit $250 – $2499
    • Free demo account for 7 days; virtual money $10 000 – $50 000
    • Up to 25% bonus
    • Introduction education materials + ebook

    OX Markets Bronze Account

    • Deposit $2500 – $4999
    • Unlimited free demo account; virtual money $50 000
    • Up to 50% bonus
    • Introduction education lessons
    • Up to 10 signals per day
    • Personal account manager
    • Entry to promotions up to 50%

    OX Markets Silver Account

    • Deposit $5000 – $9999
    • Unlimited free demo account; virtual money $50 000
    • Up to 100% bonus
    • 7 step trading education lessons + webinars
    • Up to 25 signals per day
    • Personal account manager
    • Entry to promotions up to 50%
    • Market analysis

    OX Markets Gold Account

    • Deposit $5000 – $9999
    • Unlimited free demo account; virtual money $50 000
    • Up to 100% bonus
    • 7 step trading education lessons + webinars
    • Up to 70 signals per day
    • Personal account manager
    • Entry to promotions up to 50%
    • Market analysis
    • Payout up to 85%

    OX Markets Customer Support

    We have to note how for this OX Markets broker review, we were pleasantly surprised how they have really good customer support service. It is possible to reach this broker via email on [email protected], live chat, web form and phone (Cyprus, Spain, Germany, UK and Italy).

    For web form, traders in South Africa should enter their first and last name, email address, subject and message. We find chat to be very useful since it is possible to get instant answer on needed question regarding how to trade binary options.

    Our OX Markets broker review revealed how platform is available on English, Italian, German, Russian and Vietnamese.

    Under Knowledge Center tab, South Africans can find helpful materials for easier trading process. They include explanation of binary options, glossary, Meet the experts option, upcoming webinars and market analysis.

    OX Markets Banking Info

    ox-markets-trade-3-stepsAs mentioned above in OX Markets broker review, our readers in South Africa should know how this broker is regulated. 

    Under Legal tab, traders can find detailed information allocated in several categories and policies, such as Privacy Policy, Terms & Conditions, Client Categorisation, Complaint Policy, Personal Data, KYC (Know Your Client) Policy and many more.

    This is one of important segments where traders can see if a broker is serious and does he provides transparency on its platform.

    This OX Markets broker review showed how there are plenty of ways how to deposit funds on this trading platform, such as:

    • Debit and credit cards: Maestro, Visa, Visa Electron, Switch, Delta, Mastercard and Solo
    • Wire transfer

    Seems there is no option for payments via e-wallets, so so far it is possible to use only cards and bank wire to transfer money.

    To be able to withdraw funds, traders in South Africa first need to submit a withdrawal form and send it to [email protected].

    According to our OX Markets broker review, it usually takes up to 3 days for broker to process the request and additional up to 5 business days for funds to be on traders’ account. Also, there is no mentioning of any fees in terms of withdrawing funds from trading account.