Editor’s Note – Why XPMarkets Suck in 50 Words
If you are looking for a binary options broker, and I guess that’s most of our readers visit this website, before reading these broker’s reviews you should understand what does the trading technology has to offer to you, as a trader. XPMarkets, unfortunately, is quite limited when it comes to trading tools and options.
Click here for recommended Binary Options Brokers
Why XPMarkets Doesn’t Suck in 50 Words
The Tradologic trading platform is a very user friendly one. Both beginners and experienced traders could switch easily and adapt to this platform. The only downside, as mentioned above, is the limited extras.
XPMarkets Full Review – Limited Trading Technology
XPMarkets Binary Options broker, launched on late 2011, is based on the smooth binary options trading technology of Tradologic platform. XPMarkets is of course a 100% web based platform so there’s no need to download any software to your computer. XPMarkets trading platform is quite simple – The only trading options available are High\Low, Range trading and Touch option for weekends, not to mention the absence of any trading tools. User interference on the other hand is very smooth, the charts are visible and clear and the overall trading experience seems comfortable and very easy to use. That’s a common problem with Tradologic trading platforms- they are very easy to use, but also very limited. The whole Binary Options trading experience on XPMarkets is pretty basic, unmatched with todays trading technology and the extensive variety of trading options and trading tools available for the traders. XPMarkets must upgrade their trading platform if they want to attract potential binary options traders. Traders today have many review sites and enough information to choose a broker who provides the right set of tools for any trader. The profits at XPMarkets are average high, 75-85% for in-the-money, so why not leveling up the trading tools? XPMarkets are quite fresh after all, so there’s much to expect from this binary options broker. BinaryOptionsthatSuck.com team will keep monitoring XPMarkets progress.
Is XPMarkets a Scam?
One of the most popular trader’s complaints regarding binary options brokers is the “different price” issue. Some brokers, such as XPMarkets, are presenting different prices then those presented in Reuters, Leverage, etc. those prices are the prices that XPMarkets are willing to offer on certain assets, but they are not the actual values presented by major quotes suppliers. Many traders seem to miss this information, therefore losing their money and protesting about a potential scam. Traders who use professional trading charts and other financial tools may see different prices to the same assets on XPMarkets trading platform. In my opinion, the difference between the actual quotes and those presented by XPMarkets is not fair, but there’s nothing illegal about it. Traders must be aware of this issue, and decide for themselves whether they want to trade with brokers like those. Anyhow, I don’t see any reason why XPMarkets are a Scam.
Click here for recommended Binary Options Brokers
BinaryOptionsthatSuck.com made their best efforts, but they couldn’t find any comments what so ever regarding XPMarkets. There are currently not enough traders talking about XPMarkets online, we recommend conducting a simple Google search for XPMarkets complaints, scam, fraud etc, before choosing a broker.
Contact support to enquire about a bonus. the bonus wager is 10*deposited amount + Bonus given.
Since 2011. Trading Assets- 33 trading Assets. Minimum Deposit -200$. Payment- Credit cards, wire transfer, moneybookers. Options Profitability- 65%-81%. Out of money option refund-0-10%. Platform: TradoLogic. Languages- 2 different languages: English, French. Demo- Yes.
User Friendly 11/20
XPMarkets is 100% web based TradoLogic platform, so there’s no need for any software to be downloaded to the PC. The website homepage is clean and organized. In the trading area a trader can chose between a 4 assets view and a single asset view. The overall trading experience and user-interference is good, but the best. The FAQ and Glossary are horrible. XPMarkets is only available in English and French.
No. of Assets and Expiry time 7/20
Total of 33 Assets: 10 stocks, 11 currencies (forex), 4 commodities, 7 indices and one Bond. XPMarkets lacks selection of assets and expiry times. Overall 33 assets and only half hour to a couple of hour’s expiry times are just not enough to be compared to an average of 50 assets per broker in binary industry.
Commissions, Support and Effective return 10/20
XPMarkets don’t charge any fees or commissions from investors when they initially deposit or purchase options. Some necessary information including the fees for withdrawal is missing. XPMarkets support is only available via E-Mail. The live chat is not helpful. The effective return is among average high- between 65%-81% with an average of 75% In-The-Money return for most assets, while the Out-of-Money refund is good- 0-10%.
Deposit, Payment and Bonus 12/20
XPMarkets Minimum deposit is average – 200$. Deposit is available via C.C. or Wire transfer, MoneyBookers and more. Withdrawals are not limited to a minimum. As mentioned above, some information regarding withdrawals, fees and methods are missing, it is recommended to contact support before deposit. XPMarkets offer a bonus of up to 50%, for other promotions contact support.
Website Extra’s 9/20
XPMarkets offer their clients a simple Digital striking price option, Range and Touch options, plus trading tools such as the rollover and close now. That’s very average selection of extras. From the learning aspect, XPMarkets education is below average.
XPMarkets rating: 49/100