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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.
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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.
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Unique Features
The trading platform provided by Tech Financials also incorporated several special features that are excellent tools for profit maximization:
A tool which give traders the opportunity to increase their profits
Early Closure
Allow running trades to be close before their expiration time
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.
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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. These are as shown below: