Home Brokers Guides Demo
OptionMaxx Header
  You are here: Home Brokers OptionXP Review 2015
 

  OptionXP Review
  OptionXP is one of the most well known and best brokers for binary options featuring more than 170 assets and 80% returns.
OptionXP Logo

OptionXP is a brokerage founded in 2012 that within binary option trading currently is still regarded as an insiders’ tip among traders. For German based traders OptionXP offers the advantages of having a branch office in Frankurt/Main and also of being so far the only bank in Germany to use the full suite of the SpotOption software; a few of OptionXP’s competitors are currently using this modern software partially. Another advantage of this broker is the reliable German language customer service. One can get started by opening an account for as little as €100.

Pfeil grün Trading Tools at OptionXP

There are the common binary options on offer based on shares, indices, commodities and currencies, as of 2013 there are altogether almost 40+ assets available, which appears to be a small selection, however – as mentioned repeatedly within these reviews – is sufficient for most traders. There are very few pro traders who use more than a dozen assets concurrently, even among those with decades of experience. It is simply not worthwhile since extremely high gains are possible with single assets, and because the capacity for simultaneously monitoring several values will soon hit its limits.

Instead OptionXP emphasizes intelligent risk management, offers call/put, touch and range and enables the traders to expand the trading options themselves through an option builder. Thus for each case they can influence the option’s term, as well as prematurely sell, or on the contrary extend a term, in order to increase their profit chances.

Returns at OptionXP lie between circa 65 and 81 percent with classic call/put options as with range options if at expiration time of the option the direction turns out to have been predicted correctly. As protection against total loss the broker offers a refund of 10 percent of the committed amount for each option. In the high yield touch mode OptionXP offers returns of up to 500 percent. Useful additional functions are close-now and extend, or roll over (both terms are in use), referring to premature closure or extension of the option’s term. A free demo account can be opened with €500 of play money; this additional feature is always extremely useful. In fast paced trading activities it is important that traders have basically blind control of the functions of a platform, which can only be trained using the demo account of the particular broker.

Brokers who do not offer free demo accounts thus lose an important competitive advantage, since traders who have taken the time to practice using a broker’s demo account will then also trade on that broker’s platform. Therefore this free feature has been common with Forex trading for quite a while already. Moreover a trading simulator on the homepage of OptionXP provides even unregistered visitors a demonstration of the platform’s basic functioning. With a minimal initial deposit of €100 and commitment of €10 per option trading can be conducted at OptionXP.



OptionXP testen

OptionXP

Pfeil grün Trading platform and security at OptionXP

OptionXP employs the Tradologic platform which differs somewhat from the often used SpotOption software, and expands the trading options. None of the newer brokerages that use SpotOption offer range options. However SpotOption does have advantages and was for good reasons selected by brokers in 2012 for a quality award, as the software is extremely clearly structured which facilitates entry into binary options particularly for newbees.

xperienced traders may however have a preference for range options and novices can turn into experienced traders quite quickly. Tradologic is definitely user friendly as well, which by the way is a very relative term in modern trading. The generation of now thirty year olds, who grew up with computers, has a different concept of usability than fifty year olds. Tradologic is available as web based software (which should be standard these days), however by itself only in English and French. However automatic browser based translation can help out German traders too. Security of the platform and all transactions is, as is common in the industry, very high.

Pfeil grün Customer service, banking & bonus at OptionXP

OptionXP can be reached hrough a very friendly support service, live chat and email support are also available. Other support languages are English, French, Russian, Spanish and Italian. Payments can be made, as is common, by credit card or via electronic payment services; for deposits of €500 or more and concurrent trading volume OptionXP pays bonuses of 30 percent. This is not particularly high, but the bonuses offered by binary option brokers really should not be the sole reason to trade with them.

Pfeil grün Verdict on OptionXP

Those who insist on using a demo account and subsequently want to trade with only little money, and are not in need of large bonuses, have a good choice in OptionXP. Very obliging support staff and the inclusion of range in the trading options create a very positive impression.



OptionXP testen

Pfeil grün OptionXP Website Preview:
 

OptionXP Rating
Overall: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Stocks: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Indices: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Currencies: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Commodities: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Trading Software: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Bonus: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern1 Stern Bewertung - halber Stern
Website: Stern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 SternStern Bewertung 1 Stern
Mobile: Mobile für iphone mobile für Android etc. not yet available!
Languages Englisch Language French
► Trade now at OptionXP ◄

OptionXP Informations
Website http://www.optionxp.com
Asset Index at OptionXP
Currencies 11
Commodities 6
Indices 7
Stocks 10
Bonds 1
Trading Information on OptionXP
Return up to 81%
High Yield Return up to 500%
Loss Coverage up to 10%
Min. Investment $/€ 10
Option Types High/Low, One Touch, Boundary
Expiry Times 15, 30, 60 Min., 24h, 7d
OptionXP Infos
Demo Account yes, optional
Webtrader Software yes
Mobile Trading no
Bonus für Neukunden 50% on first deposit
Min. Deposit $/€ 100,-
Support at OptionXP
Working Hours: weekdays
Phone Intl. +44.20.31500952 (UK)
Fax n/a
Support e-Mail support@optionxp.com
Live Chat yes
Adresse Novox Capital Ltd.
Ioanni Stylianou 6, Nicosia,
Cyprus
► Trade now at OptionXP ◄

OptionXP Payment Options
Visa
Visa
Überweisung
Wire Transfer
Mastercard
Mastercard
Skrill Moneybookers
Skrill Moneybookers
► Trade now at OptionXP ◄
   
© Copyright 2012-2017 by OptionMaxx.com. All Rights Reserved.
        NL