In spite of their tongue-twisting name and irreverent rhinoceros in a top hat logo, OptionsXO has a lot to offer traders, especially those with more experience. Although the tiny minimum deposit and educational resources center at OptionsXO.com will appeal to everyone, the power and complexity of the trading platform was made for those traders to already know what they’re doing and are looking to take their trading to the next level.
Software and Features
The Options XO online platform is powered by Tech Financials, which is one of the most well-respected and powerful software engines in the industry. There are many different ways to trade options, as well as plenty of tools on hand such as an advanced signals service which can help traders optimize their trading sessions. OptionsXO also provides a wealth of teaching resources such as videos and an e-book which are aimed at not only educating new traders, but helping experienced traders become more profitable. Although there is no demo account available, the low minimum deposit somewhat makes up for that. Customer service is available round the clock on live chat and by phone in multiple languages.
Option Types Offered
63 different stocks, commodities, currencies, and indices were available at the time of our Options XO review. Although that is not a huge amount of underlying assets, the number of ways these assets can be traded makes tens of thousands of combinations. High/Low, one-touch, 60-second, range, rollover, sell early, and double up trades are all possible with the high-powered trading platform. OptionsXO has payouts on the higher end of the spectrum, with maximum profits as high as 89%, although returns on losing trades are disappointingly lacking.
Account Types Offered
Four basic types of accounts are offered at OptionsXO based on the initial deposits made by new account holders. A Mini account is offered to traders who make the minimum $25 deposit and provides few features beyond the ability to make basic trades. The Silver account, granted with a minimum $200 deposit is the best deal as it gives traders an additional 2% payout as well as access to an Options XO bonus. The Gold and Platinum accounts come with much higher deposits, and while they offer higher returns, there aren’t as many extras as there should be for deposits of that size. Quick deposits and withdrawals can be made via credit card, e-wallet, and wire transfer.
Newer traders may find themselves a bit overwhelmed at OptionsXO.com, although taking the time to read all the educational materials helps significantly. However, veteran traders will feel right at home with the powerful trading engine and flexible options types and will certainly benefit from OptionsXO’s extremely high payouts.