XP Markets is one of the few major brokers which is not headquartered in Cyrpus. Instead, this binary options broker is based in London, United Kingdom. Launched in 2010, XP Markets does offer global trading, but caters more to the English and French speaking market bases. Their web-based platform is powered by TradoLogic and offers several key features to binary options traders.
XP Markets Trading Platform Features
The XP Markets platform is similar to other modern platforms in that it is laid out simply. Reuters provides the platform financial feed which delivers accurate financial information in real-time. Trades can be executed from a single window in only three steps. Traders need only select their asset, select their movement prediction, enter the investment amount submit the purchase request.
Chart + Trading Room
Tabs allow binary options trader to quickly navigate through the available types of trades, which each providing the most current trade opportunities within each section. English, French, Chinese, Turkish languages can be selected within the platform.
Mobile trading is not currently being offered by XP Markets. However, the web-based platform will still allow for trading from many different internet connected devices.
XP Markets Trade Types
All major trade types are available from XP Markets. These include Binary/Digital, Touch, Range/Boundary, and 60 Seconds. Currently, binary trading extras such as the ability to close a trade early so that it ends in the money or extend the expiry time in hope of a successful outcome for a percentage fee are also available. Early closure will result in a smaller profit amount, but is a valuable tool in preventing total investment loss.
Trading Type Navigator
XP Markets Payout/Return Percentages
The maximum payout percentage offered by XP Markets on standard binary options trades is 81%. The lowest payout percentage offered on any trade is 65%. The minimum trade amount is only $5, which will appeal to many traders, particularly new traders who wish to learn to trade well without making large investments. Low minimum trade amounts allow for a higher level of risk control. No refund percentage is offered on trades which end out of the money.
XP Markets does not offer an expansive list of underlying assets, but does offer many of the key assets. All four asset classes are available, including stocks, indices, commodities, and currency pairs. Within these classes are 4 commodities, 11 currencies, 7 indices, and 10 stocks. Stock options include major companies such as Apple, Google, McDonald’s, Microsoft, Nike, Coca-Cola, and more.
Accounts are offered free of charge and only require basic information. In order to trade, a minimum deposit of at least $200 must be made. Currently, only credit card and bank wire deposit methods are available. However, XP Markets does plan to offer additional deposit methods in the future. USD (United States dollars) is the only currency type accepted at this time. The maximum deposit amount is $5,000 per transaction, with no limits on the number of different transactions which can be completed.
XP Markets Withdrawals
Withdrawal of profits can be completed by requesting funds and selecting a payment method. Bank wire, credit card, and check are the payment methods currently available. Checks can only be mailed to the billing address of the trader and are subject to terms and conditions. The minimum withdrawal amount currently stands at $200. XP Markets provides on free withdrawal per month, with additional withdrawal requests being subject to a $30 fee.
XP Markets Customer Service
Customer support is available from XP Markets 24 hours a day, 7 days a week. Live chat, email, and telephone support are each available. Emails should be directed to: firstname.lastname@example.org. Customer service is available in several languages including English, French, Chinese, and Turkish. The two available customer service phone numbers are as follows: UK: +44 20 36 27 92 45, US: +1 313 3555536.
XP Markets Trading Tools
XP Markets trading tools include a daily economic calendar, current market news (complete with support and resistance charts), and technical analysis. A binary options e-book is also offered to anyone who completes the free registration process. Demo accounts are not currently available, but the free registration will allow binary options traders to freely navigate the platform and examine it fully.
XP Markets Scam Alerts
There is no signs that indicate an XP Markets scam. This binary options broker has maintained a good reputation with traders. A few dated problems do come up in a web search, which is not uncommon with binary options brokers, as many do not read the terms and conditions of various policies. However, it seems that these past issues have been resolved satisfactorily.
XP Markets– Master Verified Broker 2012, 2013