Options XO Review
Options XO has been brokering in binary options since 2012. Using the fast and powerful Tech Financials trading platform, investors can trade in multiple assets in stocks, currency pairs, commodities and indices. Traders also have a wide range of expiry times they can choose from with short or long term. They also offer boundary options along with no touch options.
Options XO is owned and operated by Omni Capital Ltd in the Marshall Islands, and it is my understanding that this broker has filed for CySEC licensing and regulation.
Overall, Options XO seems to have gained a favorable reputation from traders all around the world.
Another great benefit at Options XO is that investors do have the ability of using a demo account after creating and depositing to their account so they can get adapted to the system before risking their own money.
Options XO Deposit Terms & Conditions
There are many ways investors can deposit and start trading at Options XO. The minimum deposit is $200, and Options XO accepts most major credit cards. You can also deposit from Money Bookers, Ukash and CashU.
Once you deposit funds, they will quickly reflect on your trading account.
It is wise to send the compliance documents soon after depositing. This will make withdrawals move quickly. The documents needed to comply with AML regulations are:
A photocopy of your valid passport, driver’s license, or national identification card
A utility bill or bank statement from the last two months with your address clearly shown.
A photocopy of the front of the credit card which you used to make your deposit.
Options XO Bonus Terms & Conditions
Options XO offers some wonderful bonuses, but there are stipulations that must be met to be able to withdraw those bonuses and any profits made while the bonus is active.
With a bonus from Options XO, investors are required to trade a volume of 30 times the bonus amount to be able to withdraw that bonus and all profits made while the bonus was active.
So, if you receive a $100 bonus, you will have to make $3,000 in trades before you can withdraw. This is a good reason to not accept bonuses unless you plan on trading in heavy volumes.
Options XO Withdrawal Terms & Conditions
It is mandatory that you will have to send in the compliance documentation I listed in the deposit terms above before Options XO will be able to process any withdrawals.
When you are ready to withdraw, you must click on the withdrawal request in your account. There will be a form you need to fill out and print. Sign the form and scan it and send it back to Options XO.
When Options XO receives the request, they will process the withdrawal quickly, and the funds will be released to the same method you used to deposit into the system.
While this may seem like a difficult system, it must be this way for your protection to make sure you receive the funds.