Although XP Markets has been around since 2010, was founded by a group of UK-based financial professionals, and is primarily targeted towards the large UK and French markets, it remains one of the lesser-known binary options brokers. While this is most likely due to the relatively small amount of assets available until recently and complete lack of educational resources, it is a shame, as XPMarkets.com also has some great features that make it a better broker than its lack of fame implies.
Software and Features
XP Markets employs the Tradologic software engine to power its XP Markets broker platform. The advantage of this software is that is quite user-friendly and simple, taking all the complications and potential mistakes out of trading. Though the platform is perfect for beginners, the lack of an educational center or other useful trading tools at XPMarkets.com is one of its biggest downsides. Expert traders will be fine, but novices will find that they need to educate themselves elsewhere. On the plus side, live chat and phone support is available almost around the clock and is quite helpful.
Option Types Offered
In the past few years XP Markets has expanded their assets list from a paltry couple dozen assets to well over 160 stocks, commodities, currencies, and indices. Likewise, they expanded the types of trades to now include not only standard digital options but also touch options, one-touch options, range options, and turbo 60-second options. Live color charts are also one click away with the chance to trade directly from the charts. Returns are pretty average, topping out at 81% at the time of our XP Markets review with rebates available on some out-of-the-money trades.
Account Types Offered
Traders are all treated individually at XP Markets, with account benefits offered depending on the amount deposited on on the trader’s turnover. Traders who open a new account also have the chance to claim an XP Market bonus; it is advisable to contact customer support before making a deposit in order to maximize your bonus amount and make sure that you understand the Terms and Conditions. Deposits and withdrawals are secured with SSL encryption and available via major credit cards with wire transfers available only for certain customers.
For a long time, XP Markets didn’t offer very much, and as a result was not very well known. In the past couple of years, XPMarkets.com has significantly improved its asset index, types of options, and overall trading experience. While still lacking the educational materials that would propel them to the very top, there is no reason not to consider XP Markets to be one of the better UK binary options broker in operation today.