XPMarkets is a binary option broker incorporated by XP Markets LTD in the UK. XPMarkets platform is powered by Tradologic.
Summary of XPMarkets Review:
Payout % 81%
Minimum Deposit $200
US Friendly Yes
Demo Account Yes
Bonus 50% - 200%
Currencies USD, EUR
No. Assets 32
Asset Classes Stocks, Currencies, Commodities, Indices
Trading Features Standard, One Touch, Range, 60 Seconds
Software Platform TradoLogic
Full Review of XPMarkets
Customer Service: They provide email and live chat support which is supposed to be available 24 hours.
Deposit/Withdrawal: Deposited with credit card and was able to activate right away. Withdrawal was completed within their suggested time frame.
Trading/Execution: Execution was satisfactory. Charts are clear, but don’t provide multiple clickable price points.
Features: Had a nice selection of features including touch, range, extend, close and auto trade.
Particular items which stand out are as follows:
- Low minimum account requirement of $200.
- Low minimum trade requirement of $5.
- Extend and Close features to help limit risk.
Assets Available to trade: Assortment of over 70 Stocks, Currencies, Commodities and Indices.
Currencies Accepted for Deposit: USD ($), EUR
Minimum Deposit Amount: $200, 200EUR
Minimum Trade Amount: $5
Maximum Trade Amount: $1,000 per order
Deposit Methods: Visa, MasterCard or Wire Transfer.
Withdrawal Time Frame: Within 48 hours.
Support: 24 Hour support via Live Chat and E-mail.
Demo Account: No Demo Account.
Bonus Structure: Deposit bonus up to 200%.
Trading and Features:
Upon opening the XPMarkets home page you are presented sign in/sign up page with a stock ticker, live chat box and other information about the broker. After logging into account you are taken to the default trading screen.
The default trading screen opens to the single view digital trade (Call/Put) screen. Trader can select asset choices either from the dropdown menu or by clicking on one of the asset tabs: Curreny, Indices, Stocks, Commodities. The Favorites tab lists your recent trading assets. Trader can click on the Digital, Touch and Range tabs to select the desired trading feature.
Digital trading is standard Call/Put options. When you select a Call or Put option, the order box is displayed.
Clicking on Auto Trade allows you to automatically select the same trading conditions for the next expiration time.
The open positions window is displayed when you execute a trade.
In the above open trade box there are 4 open positions. A digital call, a digital put, an inside range trade and a touch trade. The first three positions are currently trading in the money and show a return including the profit amount. The last trade is trading out of the money and thus shows a return of $0. Clicking on the chart icon on the right side opens the current chart for that order.
If trader feels like time will run out before closing in his favor he can extend the trade time for a fee.
You can close a trade early at a special offer price.
Trader can choose whether an asset will Touch a higher price by the expiration time or a lower price by the expiration time. Once asset trades at the given strike price trader profits. If time expires before asset reaches the strike price trader loses investment.
Trader can choose whether an asset will be trading inside or outside of a given price range at the expiration time.
XPMarkets – 1st Tradologic Broker to Offer 60 Second Options
60 Second Binary Options was pioneered on the SpotOption platform and first offered by TradeRush. After its popularity became clear Tradologic added it to their software and XPMarkets was the first broker on this platform to offer it. You can trade the full range of assets on the 60 second expiry times from the main trading screen.
The XPMarkets 60 Seconds feature shows four trading screens at the same time which is a great advantage for options where speed is critical.
UPDATE: We have removed XPMarkets from our approved broker list. Please check back regularly for updates. To see current list of our approved brokers Click Here>>