OXmarkets Broker Review
The review of the Oxmarkets broker will be used in order to introduce this new broker to the traders. Their claim is that they are devoted to the extraordinary conditions as well as trading products that is happening in an environment that is being regulated.
Online since: 2015
Max Returns: 91%
Minimum Deposit: $250
Minimum Investment: $5
Maximum Investment: $1500
Currencies: USD, EUR, GBP, PLN
Countries: All nations excl. USA, Japan, Belgium, Israel
Features of the OXmarkets account
In order for OXmarkets to appeal to a huge number of people, OXmarkets has introduced several different packages that can be used by different types of traders. As we were reviewing OXmarkets we noticed that it offers several types of the accounts that start with the minimum possible amount of the deposit and that is $250. However, the only data that was available on their official site is dealing with the Gold account so we had to reach out and talk to customer support in order to obtain basic information about other types of accounts.
According to their own words, you can find out more information about these accounts by calling their account representatives because their official web page is being updated at this moment. For many people, this might seem as unprofessional because the fact is that their web page does not provide all the information that the trader requires. However, it emphasizes the importance and the necessity of a personal contact which may result with unpleasant feelings with the trader.
According to the information that we have received from the customer service, there are four types of accounts that are available and each of those accounts has different minimum amount of the deposit.
- Micro account
The amount of deposit $250
- Silver account
The amount of the minimum deposit is $1000
- Gold account
The amount of the minimum deposit is $2500
- VIP account
The amount of the minimum deposit is $10000
While we were doing this, OXmarkets, review we received information that this broker provides its traders with the bonuses. However, there are also some additional rules that are imposed and that must be followed if the trader wants to accept the bonus.
While traders conduct their business through this broker, the company will evaluate the funds available to the trader and after that they will do the same to the bonus funds and because of that the deposited funds are being trader the first. You will not be able to withdrawn you trading account bonuses until you have reached a minimum of 30x turnover. However, there is a possibility provided by OXmarkets that enables trader to withdraw their funds as soon as you reached the 5x turnover with the benefits of trading. These bonuses must be used in the 60 days after receiving them. As you could have seen these bonus rules are a bit complicated and because of that you need to read them carefully as well as terms and conditions. Besides that, you will have to have a written transcripts of you manager’s explanations if anything goes wrong because it often happened that these rules were subjects of manipulation.
Software for OXmarkets trading
The review of the OXmarkets showed that this broker actually uses SpotOption platform which is actually one of the most popular in this type of industry. Although there is no discussion that SpotOption is great platform, we could not see any signs of discussion about the version for mobile phones or about mobile app. If they managed to do that, that would be great contribution to the popularity of the desktop platform because more and more traders actually prefer to use mobile phones for trading.
The web page seems to be very good designed but there is one problem and it occurs when trying to navigate through the page. According to the customer service, we can expect an updated version of the page in recent future. However, there must be some better solution than changing the very language of the platform. According to the information from this broker, they also offer signals but they seem to us to be a part of some more expensive accounts.
Traders will be able to choose from 12 pairs of currencies, 19 indices, 19 stocks as well as 7 commodities. As many other SpotOption platforms provide, this one also provides many different types of options for you to trade, beginning with the standard high-low ones, and then followed by pairs, long-term, ladders, 60 seconds as well as one touch options.
Information on OXmarkets support
While we were doing this review, we had a pleasant experience with customer services. The only problem for us was the fact that we actually had to contact them in the first place because we were unable to find the information that we required. They can be reached through e-mail, live chat, online, or by phone (Spain, Germany, Italy, Cyprus, and UK).
Their web pages is adjusted to different languages: English, German, Italian, Polish, Hungarian, Vietnamese and Spanish but navigating through the page is not easy at all and switching from one language to another is not easy task. We hope that the update will solve these problems.
There are also learning material available to traders on OXmarkets web page. Some of them are really inconvenient video formats while others are written material. Educational materials are available in all the languages previously mentioned. They claim that their offer includes the analysis of the market 24/5 that is accompanied by the signals. However, since we were unable to find details about the accounts we do not know are they available to all traders.
Information about the Company and OXmarkets Banking
The owner of the OXmarkets broker is the company called OX Capital Markets Ltd, Cyprus. One good news about this broker is that it is being regulated by CySEC under the license that carries the number of 274/15.
OXmarkets provides the opportunity for depositing and withdrawing funds only through standard methods, credit cards or bank transfers. Although their web page contains logons of some e-wallets, no information can be found about them in the Banking section.
They do not mention any fees in regards to depositing or withdrawing funds but trader need to have in mind possible fees by the banks. You are also possible to cancel the withdrawal if you want to which is proven very useful for a trader.
Customer Service: Live Chat / Email: email@example.com
Languages: English, Spanish, German, Italian, Vietnamese, Polish
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Early close: Yes
Expiry Times: 60 sec, 15 min, 1 hr, End of Week
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Diners Club, Maestro, Visa Electron
Withdrawal Time: 1 – 3 day
Demo account: Yes
- Detecting falsified financial statements (Ch. Spattis)
- Differences in Disclosure Needs of Major Users of Financial Statements (James Benjamin)
- Lost in Translation: Detecting Tax Shelter Activity in Financial Statements (Gary McGill)
- The Demand for Financial Statements in an Unregulated Environment (Kristian Lee)
- Compliance with Mandatory Environmental Reporting in Financial Statements (Irene Criado)
- A Comparison of General Price Level and Historical Cost Financial Statements in the Prediction of Bankruptcy (Curtis Narton)
- Changes in the value-relevance of earnings and book values over the past forty years (Daniel Collins)
- The capitalization, amortization, and value-relevance of R&D (Baruch Lev)
- The Semantic Dimensions of Financial Statements (Andrew Aried)
- An investigation into the influence of cultural factors in the international lobbying of the International Accounting Standards Committee (John Mark)
- The disclosure of risk in financial statements (David Cabedo)
- Analyzing Foreign Financial Statements: The Use and Misuse of International Ratio Analysis (Frederick Choi)
- The Changing Significance of Financial Statements (Thomas Rimerman)
- Identification of fraudulent financial statements using linguistic credibility analysis (Sean Humpherys)
- Accounting earnings and cash flows as measures of firm performance (Patricia Chow)
- The demand for not-for-profit financial statements: A model of individual giving (Teresa Gordon)
- The measurement of human capital and its effects on the analysis of financial statements (Hai Ming)
- Forecasting Fraudulent Financial Statements using Data Mining (Kotsiantis S.)