OX Markets Review
In today’s extremely competitive industry, it is tough for a new binary options broker to get traction and notice, but OX Markets.com has managed to do just that after getting its feet under it in 2015. The company began operations in 2015. Although it takes new brokers in the industry an average of a few years to gain their footing, OX Markets didn’t waste much time on the learning curve. They quickly fine-tuned their website offering and discovered that by increasing their payout ratio above industry standards (as high as 91% at the time of this writing) and by offering innovative and unique bonus promotions (such as a kilo of gold bars for trading competitions, for example), they could blaze a trail that new customers would follow. The initial bonus amount can now reach 100 percent. As is the case with the vast majority of other binary options brokers, trading obligations are “30X,” however earnings can be withdrawn after trading volumes reach “5X” within the first sixty days after benefits have been posted.
OX Markets has been authorized under the more stringent set of new laws that have been implemented by CySEC, and it is in full accordance with MiFID requirements that have been established for the EU. Choosing a new broker can be a risky endeavor. Limassol, on the island of Cyprus, is home to OX Markets’ main office. Client deposits are safeguarded in Top-Tier banks via segregation, in addition to being covered by several national investor protection programmes. In addition, the company utilizes the most recent and most advanced version of the SpotOption trading platform, which comes replete with a comprehensive collection of newly developed features and trading instruments that are simple to operate. OX Markets has also formed a partnership with AFXANT, a pioneering company in the field of artificial intelligence (AI) applications. These apps are intended to provide you with an advantage in your analysis and guide you to profitable chances in a market that is always shifting.
When it comes to the available products, traders can choose from approximately sixty different asset classes, such as equities, commodities, indices, and FX pairings. In addition to the standard assortment of High/Low, Long Term, One-Touch, Ladder, and Turbo betting possibilities, they also provide Pairs as a betting choice. Your prospective trading horizon can be expanded to include more than 200 trading instruments if you make asset choices that are matched within the same group for comparable comparisons coming forward. There is support for the “Roll Over” and “Sell Early” features, as well as mobile applications that allow trading whenever and wherever your device has connection to the Internet. The instructional and reference materials are likewise of the highest quality. OX Capital Markets Ltd., doing business as OX MARKETS, is the owner and operator of OX Markets.com. OX Capital Markets Ltd. is a Cyprus investment firm that is licensed and authorized by the Cyprus Securities and Exchange Commission (CYSEC), and its license number is 274/15. At this time, we are unable to serve customers from the United States.
FEATURES AT OX MARKETS
The following is a list of the distinguishing elements that can be found on the OX Markets website:
• Established in 2015, with its primary base of operations in Limassol, Cyprus;
• Compliance with regulatory mandates, including CySEC and MiFID;
• Minimum deposit is 250 USD, GBP or EUR;
• Protection of customer deposits through the use of segregation mechanisms, as well as further protection through participation in national investor compensation schemes;
• There are four account categories, each with increasing privileges and rewards, in addition to a demo account. From $250 up to $2,499 for the Micro plan; from $2,500 up to $4,999 for the Bronze plan; from $5,000 up to $9,999 for the Silver plan; and from $10,000 and above for the Gold plan.
• A personal account manager and signals are supplied at a level higher than the Micro class;
• Unparalleled promotions, competitions, welcome bonuses, and risk-free trades, in addition to reduced trading commitments required in order to withdraw gains;
• We are unable to serve customers from the United States at this time;
• Options such as the time-honored “High/Low,” Pairs, Turbo, Long-Term, One-Touch, and Ladder are included in the offering;
• Payouts can go as high as 91%, but unique One-Touch and Ladder variations can sometimes offer payouts that are substantially higher;
• The available assets are broken down as follows: Currency Pairs (12), Commodities (7), Indices (19), and Stocks (19);
• Pair options have the potential to expand trading opportunities to include more than 200 different products;
• A web-based trading platform called SpotOption Generation 2, which also includes mobile applications;
• Comprehensive feature set, which includes the “Roll Over” and “Sell Early” buttons;
• The Education Center features lessons for the platform, e-books, videos, and a large number of continuous webinars that cover fundamentals as well as winning tactics;
• Expert market analysis, complemented with cutting-edge, artificial intelligence (AI)-enhanced software technologies to zero in on the most lucrative prospects;
• Support for customers available “24/5” by live chat, email, and phone.
PLATFORMS
The executive team at OX Markets has determined that the most effective trading platform to use is the updated 2013 version of the widely used SpotOption product. It is entirely web-based, extremely user-friendly, and jam-packed with the most up-to-date features for your trading pleasure, all of which are provided. Features such as “Rollover” and “Sell Early” are just two of the many benefits that have been carried over into this second generation interface. Mobile applications are now supported as well, making trading possible even while on the road. OX Markets has also formed a partnership with AFXANT, the industry leader in market analysis software, in order to give customers with unrivaled market analysis. Your private information as well as the details of your trading activities are shielded from the prying eyes of external hackers and fraudsters thanks to the most recent advancements in encryption technology.
DEPOSITS AND WITHDRAWALS
In the banking area of the OX Markets website, it is stated unequivocally that major credit and debit cards, in addition to banking wire transfers, are accepted for the depositing and withdrawing of regular funds. On the website, trademarks for Neteller and Skrill are displayed; nevertheless, in order to explore this option further, you will need to speak with a customer service representative. Before any withdrawal request may be granted, KYC/AML documentation needs to be on file, up to date, and in proper order. This is standard procedure for all international brokers. Additionally, bonus commitments have to be met before withdrawal requests can be fulfilled. It is recommended that you set up approximately one week to cover the OXM processing period in addition to any additional days required by banking intermediaries.
SUPPORT FOR CUSTOMERS
Customer service representatives who speak multiple languages are standing by “24/5” to provide assistance in any form and guide you through the various options that are on offer. Live chat, email, and a dedicated phone number are all available ways to contact customer service. When going through the materials provided by the comprehensive learning academy, another advantage is that you can get help from other people. Ebooks, videos, and regularly scheduled ongoing webinars are all included in these support materials. Signals and personalized assistance are available to users with higher account levels. You will be completely ready for opportunities in the market on a daily basis if you make use of the comprehensive market commentary and analysis that are included as part of the full package.
CONCLUSION Regarding the OX MARKETS
OX Markets is a new binary options broker that joined the battlefield in 2015, focusing on key areas to differentiate itself from its rivals, and soon acquired attention for its original style and current technology. OX Markets was founded in 2014. It swiftly got past its early learning phase and is now primed for tremendous growth, based on the early merits it exhibited. Compliance with the regulations of CySEC and MiFID also provides the sense of security that the vast majority of traders seek. Payoff ratios are at the top of the chart, and new benchmarks in terms of appropriate trading commitment requirements, incentive promotions, and contest offerings have been established in the sector. OX Markets restores the enjoyment to trading by providing exceptional customer service and support. The company achieves its stated purpose, which is “To develop the client’s trading potential through education and technology,” according to all of the metrics that are taken into consideration.