Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

OXmarkets Broker Review 2019

  • Min. Deposit $250
  • Min. Invest $5
  • Return 90%

This broker is closed. 

In this OXmarkets review, we went through the features and tools available on this broker’s platform software. Starting from several types of accounts designed to suit everyone’s preferences to a great knowledge center. OXmarkets is a regulated broker with a user-friendly SpotOption platform, that boasts with a speedy withdrawal process.

Obviously, we start with essential information on features that are usually a trader’s first encounter with the broker platform. After covering all the basic information, we will go over the functionality of the OXmarkets trading platform along with its tools and features, account types and important financial information.

This broker does not offer a Welcome Bonus anymore, due to SySEC regulations.

OXmarkets Broker Account Features Review

As mentioned, OXmarkets Broker offers several trading account types that are easy to set up. This is in addition to a free Demo account. To get started with an OXmarkets Demo account the trader simply needs to fill in the required spaces with basic information. After a successful submission traders are ready to try out the demo account free of charge.

During this OXmarkets review we found that the free Demo account offers practice opportunities with different trading options and future financial strategies. Virtual funds assigned to the free demo account offer the experience of trading on a live account without the worry of losing the investment due to being inexperienced.

Taking the time to trade on an OXmarkets Demo account is a smart move for any binary options trader, regardless of the experience. This allows traders to familiarize themselves with unique features of the platform and trading tools available to create sustainable, profit oriented investment strategies.

It seems that at the time this review was written, it was not possible to open a Demo Account without uploading a proof of Address and a National Identification Document (either an ID card or a Passport).
OX Markets offers a demo account to traders who are registered with them which is available for a limited amount of time with this broker.

OXmarkets Broker Live Accounts

Live accounts each have their own unique set of characteristics that traders choose depending on their skill set or preferences. Minimum deposit amount starts at $250. This Broker has set a minimum amount for a single trade at $5.
All the accounts on the OXmarkets Account types page are laid out in a clear way so that traders can easily see what each account level gets them. Broker accounts and minimum deposit amounts are as follows :

  • OX Mikro: minimum deposit amount is $500
  • OX Standard: minimum deposit amount is $2 500
  • OX Gold: minimum deposit amount is $10 000
  • OX Platinum: minimum deposit amount is $25 000
  • OX VIP: minimum deposit amount is $50 000

All five OXmarkets Broker account types include:

  • Account manager
  • Access to webinar
  • Risk-free trades

OXmarkets Broker Platinum and VIP Account

These two types of accounts are especially interesting seeing that they include all the available features, differing only in the amount of Higher Payouts. In addition to the features listed above, these trading accounts both include: Access to Market Analyst, 1 to 1 training, Higher Payouts, Executive Account Manager, Happy Hour Entry and a 7 Step Training Programme.

OXmarkets

OXmarkets Broker Trading Software features

This OXmarkets broker review found the SpotOption platform very easy to navigate which makes this user-friendly platform extremely easy to trade on. The dashboard itself is very visually appealing, with trading options found on the top of the screen along with asset types. It also features several charts, depending on the number of trades being active at the time. Expiry times, along with the trade amount are also conveniently placed along the top of the menu. Put and Call options can be found very easily on the right side of the dashboard.

OXmarkets broker offers several trading options for traders to use:

OXmarkets Trading Options

  1. 60 seconds – Expiry times can be set at either 30, 60 or 120 seconds. This seems to be perfect for those ambitious traders that want to take advantage of the high volatility markets
  2. Pairs – Traders are able to predict whether a certain asset will perform better than its counterpart from the same equity type.
  3. Long Term – Long Term Binary Options offers the possibility to set up wider expiry times. This is a possibly lucrative strategy for educated traders.
  4. Ladder – Offers a potential for huge return that has the ability to reach up to 1500%.

One Touch

According to the Broker’s website, One Touch Options are different from other binary options. They are tradable during times when financial markets are closed. Perhaps more appealing information than that is that it offers significantly higher payouts.
OXmarkets broker also lists additional terms for this tool, stating that the One Touch Options can be purchased on Saturday from 12:00 AM to Sunday 19:00 PM and only in units specified on the site. Similarly, trades are open from Monday 12:00 AM to Friday 17:10 PM.

OXmarkets Assets

As far as SpotOption platform availability, this Broker is both web based and downloadable. The software is currently available on desktop and as a mobile version for android and ios.
According to the provided list on this broker’s website, there are more than 200 tradable underlying assets. Assets are grouped into several categories as follows:

  • Stocks
  • Indices
  • Commodities
  • Currencies

In addition to having a variety of options, OXmarkets Broker also features various expiry times ranging from 60 seconds to long term expiry time.

OXmarkets Broker Support Information Review

Educational center on this broker’s website is called a Knowledge Center which groups interesting information such as a Glossary, Economic Calendar and Financial Instruments.
Traders can contact OXmarkets Broker with any and all questions via several means. It is possible to use the live web chat, as well as calling a phone number which is currently based in Cyprus. A Web form is also available as is a customer support via mail.

In creating this OXmarkets review we wanted to test the live web chat option and have found the service offered to be very efficient, professional and fast in providing guidance.

OXmarkets

OXmarkets Broker Banking and Company Info

As we mentioned at the introduction of this broker review, OXmarkets is regulated by the CySEC, with Authority Number 274/15, and it is owned and operated by Ox Capital Markets Ltd.

This review has found that this broker allows for plenty of ways for traders to deposit funds into their accounts:

  • Credit cards/Debit cards (Visa, Mastercard)
  • Wire transfers
  • E-wallets (Faster Payments, Neteller, WebMoney, Skrill/MoneyBookers)

There are also several deposit currencies at a traders disposal (USD, GBP, EUR and PNL).
OXmarkets broker review revealed that the minimum withdrawal amount is 100 EUR, GBP, USD or PLN.
As far as withdrawal processing fees and time, we found out that the OXmarkets broker does not apply any withdrawal fees, but it does take up to five business to be executed.

As we can see from this broker review, OXmarkets is a rather elaborate broker with a wide array of assets to choose from along with an intuitive and user-friendly platform. Traders can make use out of five vastly different account types that are suited for any and all preferences and possible trading strategies.

OXmarkets - Review Conclusion

  • Regulated by CySec
  • Proof of identity needed for the Demo Account