Ox Markets Review
Ox Markets is a new binary options broker. In response to the growing number of unregulated and unscrupulous brokers online, Ox Markets has a desire to show the world there are honest and trustworthy binary options brokers still in existence.
In this review, we will tell you about Ox Markets including their history. We will examine this broker’s terms and conditions. I will also tell you if they offer a demo account and mobile trading. Lastly, I will offer my opinion whether Ox Markets is a scam or not.Visit Website
- Licensed and regulated by CySEC
- Available in 7 different languages
- United States and Belgium traders not accepted
- Still young and unproven
Deposit & Withdrawal Methods
- Company:Ox Capital Markets Ltd
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:$100
- Minimum Trade:$5
- Demo Credits:$50,000
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About Ox Markets
Owned and operated by the Cyprus firm Ox Capital Markets Ltd, the Ox Markets website was started to offer traders a professional and safe binary options trading environment. Ox Markets utilizes the highly popular Spot Option trading platform which allows traders the ability to trade in various formats with the signals that are generated. Investors have the ability to trade with Ladder, Pairs, Long term, 60 second and one touch options. What’s more, traders can feel comfortable knowing the Ox Markets is licensed and regulated by CySEC.
Ox Markets History
There really isn’t a whole lot of history to tell you about Ox Markets. In 2015, Ox Capital Markets Ltd in Cyprus founded the Ox Markets binary options website. They had contracted with the developers of the Spot Option trading platform, and immediately filed for CySEC licensing which was granted.
Ox Markets has added over 200 assets investors can trade in. From the looks of the way they are being operated, Ox Markets will have a long and fruitful history.
Ox Markets Terms and Conditions
As I always tell all binary options brokers, you should read and understand the broker’s terms and conditions before creating an account. I examined the Ox Markets terms and conditions (it is a PDF that you can download). Ox Markets has all the bases covered in their terms and this is why they were licensed so quickly from CySEC.
I suggest you download them and read through so you understand exactly what you can expect in having a binary options trading account at Ox Markets.
Ox Markets Withdrawal and Bonus Terms
Ox Markets is very good about processing withdrawal requests quickly. The minimum withdrawal is $100, and it will be sent to the same account the trader used to deposit. To follow anti money laundering regulations, the trader will have to send copies of these documents:
- A current photo identification
- A copy of a current bank statement or utility bill showing the traders name and address
- A copy of the credit card used to deposit
After requesting a withdrawal by filling out the form, it takes Ox Markets up to 3 business days to process the request.
On any bonuses you receive from Ox Markets, it is required that you trade a volume of 40 times the bonus amount to be able to withdraw that bonus. So, if you received a $100 bonus, you would have to make trades equal to or above $4,000 to be able to withdraw.
You should consider this closely before accepting any bonuses.
Ox Markets Demo Account
Depending on the level of account the trader opens, Ox Markets does allow account holders to utilize a demo account to get adapted to the trading platform. With the micro account which is the minimum $250, traders can use a demo account with $50,000 in “play money” for 1 week. All other account types can use a demo account as long as they need to.
Ox Markets Mobile
Ox Markets does have a mobile application for those traders who want to use smartphones or tablets to perform their trading activities. You can attain the mobile app at the Google Playstore or the Apple App Store.
Ox Markets Scam Watch
First and foremost, Ox Markets is CySEC licensed and regulated. They follow all regulations by the book, and I have not discovered any major complaints against this binary options broker. While they are still quite new, I do not think that Ox Markets is a scam.
We will keep a close eye on this rookie binary options broker, but in my opinion, if you are considering using Ox Markets as your preferred binary options broker, you are making a good choice.
We are not affiliated with Ox Markets…I am providing this information to help traders find reputable binary options brokers.
If you have used the Ox Markets trading system, we would like to hear from you on your results. You can do so in the comments area below.