OX Markets Broker Review 2020

  • Min. Deposit $250
  • Min. Invest $5
  • Return 88%

*This broker is closed. Try trading with IQ Option instead.

It is our intent to showcase key aspects of OX Markets, which is another new addition to binary options trading markets.

OX Markets is a regulated broker, which has plenty to offer to South Africans who want to try their hand at binary options trading.

Naturally, the most basic information is usually the one that first draws the interest of traders so we will cover that first and then proceed to inspect their trading platform and features, as well as account types, customer support and banking information.

Ox Markets have a minimum deposit of $250, with the possibility of maximum returns going up to 88%. For this broker, the minimum amount needed for a single trade is $5 and traders can use USD, EUR and GBP as deposit currencies.

Traders can make use of a 100% welcome bonus, which is another thing we found out in our OX Markets broker review. Traders should read the Welcome Bonus Agreement so that they are fully informed about the terms and conditions pertaining to the bonus. With OX Markets, traders have to make a 30x turnover in order to withdraw the bonus and they also have to request the welcome bonus the same day they make a deposit or, at the latest, the day after making a deposit.

All additional info on bonus is given in OX Market terms & conditions.

OX Markets

OX Markets Trading Platform and Features

Our OX Markets broker review discovered they use SpotOption software on their trading platform, which is used by many brokers in the binary options industry.

The platform itself has a very modern feel to it, it is visually appealing which is combined with finely-tuned structure and organization. Because of this setting, traders find the platform easy to navigate and execute trades.

Further inspection of their platform for our OX Markets broker review showed they offer several different trading options to their registered traders:

  • Pairs
  • Ladder
  • 60 Seconds
  • Long Term
  • One Touch

Along with this fine selection of trading options OX Markets also offer a lengthy list of expiry times: 30 min, 1h, 2h, 4h, 8h, 12h, 2 days up to 7 days.

Over 200 tradable underlying assets are available with this broker; the assets are sorted into four distinct categories of stocks, currencies, commodities and indices. In order to view a detailed and complete list of assets, South African traders are instructed to inspect Assets Tab on the broker’s site.

Trading tools and features which traders can benefit from with this broker include the very useful and convenient mobile trading app as well as a demo account.

South Africans who are frequently on the go without too much time which can be spared sitting behind the computer will find a mobile trading app as a very handy tool which will enable uninterrupted binary options which is not dependent on any given location.

In researching this broker for our OX Markets broker review, we are able to confirm that users of both Android and iPhone devices can use this mobile app for trading. Tablets are also an option. Same trading options are available on the mobile app as on the regular platform.

Numerous traders around the world find demo account to be a very useful trading feature which can later lead to successful binary options trading.

Practicing on demo account with virtual funds can serve as a great introduction to trading on the real account as it provides traders experience and knowledge but, additionally, the opportunity to try out different trading options and employ various strategies.

OX Markets offer demo account to traders who are registered with them and have a real account. Demo account is available for a limited amount of time with this broker.

Regular promotions are another benefit for those South African traders which select OX Markets as their broker since, as part of the promotion, they offer risk free trades. Traders have create an account and make the minimum deposit of $250 in order to make use of risk free trades.

OX Markets platform is available in English, Russian, German, Italian and Vietnamese.

OX Markets

OX Markets Account Types

The next instance we looked at for our OX Markets broker review is their selection of account types.

South Africans who decide to do binary trading with this broker will find they offer four different account types with various features and trading opportunities.

Various account types can offer different opportunities for traders as well as accommodate varying trading styles.

OX Markets Micro Account

  • Minimum Deposit ranging from  $250 – $2499
  • 7-day free demo account available with $10 000 – $50 000 of virtual funds
  • Introduction education materials + Ebook
  • 25% bonus

OX Markets Bronze Account

  • Minimum Deposit ranging from $2500 – $4999
  • Free demo account for unlimited time with $50,000 of virtual funds
  • 50% bonus
  • Education lessons – introduction
  • 10 signals available daily
  • Personal account manager on disposal
  • Entry to promotions up to 50%

OX Markets Silver Account

  • Minimum deposit ranging from $5000 – $9999
  • Unlimited free demo account with $50, 000 of virtual funds
  • 100% bonus
  • 7 step trading education lessons + additional webinars
  • 25 signals available daily
  • Personal account manager on disposal
  • Entry to promotions up to 50% + Market analysis

OX Markets Gold Account

  • Minimum deposit ranging from $5000 – $9999
  • Free demo account for unlimited amount of time and $50 000 of virtual funds
  • 100% bonus
  • 7 step trading education lessons + additional webinars
  • 70 signals available daily
  • Personal account manager on disposal
  • Entry to promotions up to 50% + Market analysis
  • Up to 85% possible payout

OX Markets Customer Support Service

There are several different ways open to South Africans when it comes to establishing communication with OX markets.

Traders can contact this broker via mail [email protected] . However, it is also possible to use web form, live chat as well as phone. In case traders decide to utilize the phone option number are available for the following countries: UK, Italy, Germany, Cyprus and Spain.

Since we wanted to be as thorough as possible in our OX Markets broker review, we tested their live chat option an can report that all our questions have been answered quickly and in a professional manner.

South Africans can also make use of OX Markets Knowledge Centre which conations interesting info on binary options such as Market Analysis, Glossary, Financial Instruments and Economic Calendar.

OX Markets Banking Information

Further information about rules and regulations can be found in Legal section with several listed categories: privacy policy, complaint policy, client categorization, Know Your Client policy, terms and conditions and personal data.

Inspecting those sections will provide South African traders with a better overall understanding when it comes to OX Markets’ way of conducting their business. Making all that info available to their traders stresses their dedication, commitment and professionalism.

In our OX Markets broker review we also determined that they provide plenty of ways for trders to deposit funds on this trading platform which are:

  • Debit and credit cards: Visa, Visa Electron, MasterCard, Maestro, Solo and Switch (Maestro UK)
  • Bank Wire Transfer
  • E-wallets: Netteler, Skrill and WebMoney

To withdraw funds, South African traders have to submit a withdrawal form and submit it to [email protected].

It generally takes up to 3 days for OX Markets to process the request, with the subsequent 5 business days for funds to be available on the traders’ account.

No details about additional fees are given when it comes to withdrawing funds from trading account.

To get more information about any other possible payment methods, South African traders are advised to contact OX Markets customer support service.

OX Markets - Review Conclusion