OXmarkets Broker Review 2023
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.