XP Markets Review
XP Markets Video Review:
XP Markets.com is one of the lesser known binary option brokers that was founded in 2010 in the U.K. to cater primarily for the English and French speaking markets. The company registered address is listed as #788 – 790 Finchley Road, London, United Kingdom NW11 7TJ.
Established by seasoned professionals in the financial markets, XP Markets.com offers traders a trading platform to dabble in the exotic options market for Forex, Commodities, Equities, Indices and the German Bund market. Their trading platform is perhaps the only trading platform that allows traders to trade in Digital, Touch and Range binary options and offer returns up to 81%.
Catering for those who are beginners or those who wants quick returns in the financial markets, XP Markets.com trading platform is extremely user friendly. The trading platform is web based and is powered by the TradoLogic engine. To start trading, all a trader has to do is to register, deposit his funds and then start trading. Trades can be carried in just three simple steps, select the asset to trade in, choose the direction of the price movement and decide on the amount to invest in.
Types of Trades
As mentioned earlier, XP Markets.com provides their clients with three unique types of binary options to trade in, Digital, Touch and Range binary options.
- Digital Binary Options
The aim here is to decide whether the price of the asset will be above or below the strike price on expiration.
- Touch Binary Options
With this type of binary options, the trader has to decide if the selected asset will touch a predetermined price level before the expiration period.
- Range Binary Options
For range binary options, all the trader has to do is to decide is the selected asset will expire within a preset range upon its expiration.
Closed & Extend Feature
One good thing about XP Markets.com trading platform is the ability for a trader to “Extend” the expiration period of his trade if he feels it will be conducive to do so. He also has the ability to close his trade before the expiration of asset with the “Close” feature of the trading platform.
With XP Markets.com, the maximum return on investment is 81% for those trades which are in the money. Traders can make a trade with as little as $5 thus minimizing their trading risk.
At XP Markets.com, traders have 90 types of assets trade with.
In terms of funding reliability, XP Markets.com ensured that their clients have alternative methods of depositing their funds. They accept major credit cards transfer as well as wire transfer. As for the withdrawal of funds, these can be done also through credit cards, wire transfer or a check to the client’s address. To ensure their integrity of their clients’ funds, these funds are all kept separated by the billing company. The security of the transaction is also enhanced by encryption with Comodo SSL security certificates.
As for customer support, XP Markets.com website is supported in English as well as in French. To get in touch with the support team, traders can contact the support team on live chat, email them at: firstname.lastname@example.org or just leaving them a message on the website on the “Contact Us” page.
- Fast execution of trades
- Simple trading platform
- High Returns on Investment
- Good Trading Simulator
- Limited Banking Options
- Lack of educational materials
In conclusion, XP Markets.com trading platform can still benefit with some minor adjustments to their trading platform. Although their strong point is the simplicity of their trading platform, the educational section can still do with some more materials to educate beginners on the risks that they can face trading binary options. Apart from the Spartan educational section, there are no major deficiencies in XP Markets.com trading platform.