OptionsXO has been in the binary options industry for 2 years. However after completing a detailed review of OptionsXO, we discovered that there other brokers that offer better service and have higher customer satisfaction.
Our team of experts from BestBinaryOptionBrokerz™ NET has compared over 100 brokers and has made a ranking of the best brokers offering binary options trading. The ranking is updated periodically and takes into account over 75 factors. You can either check the below ranking with the Best Binary Brokers along with detailed reviews or directly visit the Best Broker .
TOP 3 SAFE BROKERS:
|Broker||Min Deposit||Payout||Quality Score||Visit Site|
|$250||90%||73 / 75||
|AAOption||Market Options||Option Fair|
|Inside Option||Platinum Trader||Brokerage Capital|
|UK Options||Redwood Options||Lionive|
|Markets World||Regal Options||Big Option|
OptionsXO Broker Review
OptionsXO is originally owned by Dolce Formula and have been in the trading industry since 2012. Being comparatively new, it is generating a buzz slowly but steadily. For trading, it provides the Tech Financials platform to its users. On an overview, they do not provide all sorts of trading options along with Forex trading, boundary options, and there are not many trading alternatives within binary options itself. It is not yet regulated by CySEC, which is very important for every big and trustful binary broker so we find OptionXO a little bit suspicious. The minimum deposits are not really lucrative too.
OptionsXO Broker Bonus
Another thing a good binary options broker is defined by is the amount of bonus. Many traders indeed see it as a promotion tool, but it can be a good returns option as well, if utilized properly. The bonus package of OptionsXO is average for the industry. If you deposit $100 or more, you will receive a 150% match bonus which is supposed to make the traders want to invest more. Every trader should keep in mind that bonus money are not his own so maybe he will have difficulties withdrawing them.
OptionsXO Broker Scam
One of the things which distinguish a scam website from a legitimate one is the amount of information provided by it. The details such as address, contact information and customer service are considered while judging the base of a broker firm. In this case, all we know about OptionsXO is that it is based in UK, was established in 2012. There are no indications of the physical address of the company which is mentioned anywhere on their website. This makes us doubt the credibility of the company. Although they have their contact numbers of UK and Germany which is on the website, the address of the actual office is missing.
OptionsXO Broker Complaints
The complaints for any broker can be found by searching online or other binary options forums. While looking for OptionsXO, we found mixed reviews about their services. This could be due to the fact that the company is still new and are rebuilding them. Most of these complaints on the forums which we found were from people who have problems withdrawing their money or have problems contacting the support centre.. It is recommended for all brokerages that you read their terms and conditions properly before investing as each brokerage firm might have their own set of terms for trading.
OptionsXO Broker Withdrawal
While researching OptionsXO, we came to know that the withdrawals are subjected to a fee of $25. To guarantee your security, you will also have to submit a few documents to ensure your identity. We think this is only fair as it will ensure secure transactions. Plus, you need to reach a minimum of $100 to withdraw your amounts. This amount can be then be wire transferred for which a fee of $25 will be charged. You will receive the amounts within 4 to 7 days. Lastly the withdrawals can be requested via the same source from which deposits were made. As we mentioned be careful trading with OptionsXO and if you decided to trade with them start with a small amount of money.
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After making detailed investigation of OptionsXO our team came to the conclusion that there are other brokers that offer better service and have higher customer satisfaction.
We recommend You to Proceed with the Best Broker which has been ranked to offer the best service amongst over 100 brokers. Or you can Open an Account with at your own Risk.