OptionXL was a binary options broker in 2016. Their minimum deposit for beginner accounts is $300 and the minimum trade size is $5.
OptionXL offers traders the popular SpotOption trading software. Their platform is available in English, German, Spanish, French, Italian, Russian, Arabic, and Swedish.
The returns on binary options are 83% on currency pairs like the Euro and British Pound. They also have the 60 second and 90 second options, along with 2, 3, and 5 minutes options. They have more than 200 assets available for trading including Forex, indexes, commodities, and shares.
OptionXL Special Offer
You can see the bonus offer that OptionXL offers. It is for a 100% bonus. However, you must read the terms and conditions before accepting the bonus. Once you read the terms of the bonus, you will never take a bonus.
The trading requirements for withdrawal of your money is trading volume of 10,000 times the bonus amount. So if you get a $100 bonus, then you will need to trade one million dollars before you can withdraw your money. This has to be the craziest bonus requirements we have ever seen at a binary options broker.
The most important item to check for when you are researching a binary options broker is a license. Brokers can get a licensed from CySEC in Europe, ASIC in Australia or FSPR in New Zealand.
OptionXL is owned by GO Invest Group Limited which is authorized and regulated by Vanuatu.
The main reason investors use a licensed broker is because they are a member of the investors compensation fund, which insures the funds in your account in the event that the broker goes bankrupt. Trading with an unlicensed broker provides you will no security and no guarantee that you will be able to withdraw your money. Traders from the United States are not allowed.
Address: GO Invest Group Limited, Vantu House, 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.
Phone Number: United Kingdom: + 44 20 3807 0445
Email: [email protected]