XO Option Broker Review

XO Option Broker Review
Petar Nola
From the limited information on the XO Option website, we understand that XO Option was launched in 2017. XO Option offers customers the possibility of trading binary options in more than 100 assets/financial instruments, on a web based binary options platform. The underlying assets include Forex currency pairs, Commodities, Indices and Stocks, We wish to... Read more
From the limited information on the XO Option website, we understand that XO Option was launched in 2017. XO Option offers customers the possibility of trading binary options in more than 100 assets/financial instruments, on a web based binary options platform. The underlying assets include Forex currency pairs, Commodities, Indices and Stocks, We wish to make it clear that XO Option should NOT be confused with a similarly named binary options broker operating with the name ‘Options XO’ Despite an extensive search of the XO Option website, we could not find the company name and address of XO Option published anywhere. Neither did we see a company registration number or information about licensing and regulation of XO Option. In our opinion, the website is not sufficiently transparent. Especially as it does not publish terms and conditions for customers to read and understand before setting up an account at XO Option. Based on the information openly available on the website, we were not satisfied that XO Option is a trustworthy and reliable binary options broker.
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  1. From the limited information on the XO Option website, we understand that XO Option was launched in 2017. XO Option offers customers the possibility of trading binary options in more than 100 assets/financial instruments, on a web based binary options platform. The underlying assets include Forex currency pairs, Commodities, Indices and Stocks,

    We wish to make it clear that XO Option should NOT be confused with a similarly named binary options broker operating with the name ‘Options XO’

    Despite an extensive search of the XO Option website, we could not find the company name and address of XO Option published anywhere. Neither did we see a company registration number or information about licensing and regulation of XO Option. In our opinion, the website is not sufficiently transparent. Especially as it does not publish terms and conditions for customers to read and understand before setting up an account at XO Option. Based on the information openly available on the website, we were not satisfied that XO Option is a trustworthy and reliable binary options broker.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. XOoption Special features

    XO Option is offered in six international languages: English, Russian, Malay, Indonesian, Thai and Chinese. Significantly, the website features several promotional videos, encouraging customers to register trading accounts with XO Option. One of promotional videos colourfully illustrates that setting up an account with XO Option, qualifies customers for a 100% deposit bonus up to $500.  Another promotional video implies that trading binary options is easy and can be extremely profitable, without mentioning the risks involved in trading leverage products such as Binary Options.

    We saw that XO Option claims to offer a Demo account. However, no details are given on the website about opening a demo account.

    Live Trading Account

    In a promotional video encouraging customers to sign up to XO Option, we understood that the minimum deposit needed to open a live trading account is $200. XO Option features a fast registration process on the dashboard of the home page.

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  6. XOoption Trading software

    The XO Option, Web Trader binary options platform is said to be a user-friendly platform accessible through the browser of a PC or smart mobile device. The platform features one click trading and gives customers the possibility of making up to 86% return on investment. Traders are given the possibility of predicting whether the price of the financial instruments shown on the trading platform will go up or down. Fixed expiry times are chosen by the traders, meaning that traders know exactly how much profit they will gain, if they make correct predictions about asset price movements.

    Education

    We saw that XO Option claims to provide trading education. However, we could not find details on the website of the kind of education offered.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. XOoption Support information

    Customer support is available over live chat and through a contact form for sending messages directly from the website contact page. We were not able to find an email address for contacting customer support or the XO Option head office. We found the lack of information about the location of XO Option of deep concern to us.

  9. Try a simpler way of trading with FXMasterBot

  10. XOoption Payment Methods

    We saw that customers at XO Option can fund their accounts using Swift bank transfer, FasaPay, Visa, Mastercard and e payments. However, when we clicked on the payment policy tab at the foot of the website, we got a support agent on the live chat function offering to help us. We were not able to read anything about the payment policy, except for a statement on the website saying that customers can expect ‘regular payments’ with a ‘lot of payment methods available to withdraw your profits’. We would not feel confident about transferring money to XO Option as there is insufficient information about the company’s reliability and a lack of transparency on the website.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

  12. Your capital is at risk
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