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OX Markets is based on the SpotOptions 2.0 version, one of the top-notch preferences for the beginners. The software is definitely popular for its reliability, easy UI, and smooth functioning…
OX Markets not only offered binary options brokerage services, but it also served the users with the educational material and that’s a big plus keeping in mind the number of beginners trying to make some profit through this promising platform.
If you are looking to start trading online as a beginner, then most of the experts would suggest a system based on SpotOptions but does it really mean that you can opt for any available platform? No, it depends on the company owning the service, how clean the history of the company has been over the past few years, and what’s the nature of complaints against the platform. OX Markets scam warnings are also not out of question and it is usual with most of the online traders. Let’s begin with an overview of the company.
OX Markets Review Summary
Cost: $250+
Recommended: No (See Our Top Ranked Legit Program Here)
Rating: 0/100
Summary: Initially upon publishing this review there had not been many complaints against OX Markets but recently there have been rumours of people getting scammed by OX Markets so for that reason we do not recommend them. We have also never seen anybody manage to make sustainable profits from binary options trading in general so we actually advise against binary trading altogether.
Quick Navigation
As always here at Stopping Scammers we have conducted a thorough investigation into the OX Markets brokerage & as a result this review is likely to get quite lengthy, so to make things easier for you we’ve put together some quick navigation links below. Simply click on any of the links & you’ll be taken immediately to that specific section of the review.
- OX Markets Background
- Is OX Markets Regulated?
- OX Markets Complaints
- OX Markets Withdrawal
- Is OX Markets a Scam?
- Our Verdict on OX Markets
- Scammed By OX Markets? Get Your Money Back
- Our Number 1 Legit Way To Make Money
OX Markets Background
OX Capital Markets Ltd. introduced OX Markets in 2015. There had been no serious allegations against the company in the past and even the OX Markets had an impressive take-off.
OX Markets facilitates its clients with a demonstration version but be notified that the Demo version does require a deposit. The website features 7 languages, but it resulted in minor controversies because the website took longer to complete. During the website’s construction, the company was actually operational and the simultaneous presence of content in different languages irritated the users during the early days.
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OX Markets offers 12 currency pairs, 19 indices, 7 commodities, and 19 stocks. The problem is that the company started off by promising 200 assets and it was advertised right there on the homepage. Because the website’s construction took much longer, the clients were confused to witness the difference in the number of currency pairs, stocks, and indices from that of mentioned in the ads.
So we can say that it wasn’t a smooth sailing for a few months but things improved in the long run.
Is OX Markets Regulated?
Yes, OX Markets is registered under CySEC license 275/15. 67, Spyros Kyprianou CY-4042, Limassol, Cyprus is the registered address of the company. The information is available on the CySEC website as well. So, till now, we have a promising broker that is registered since 2015 and there is no major complaint other than the initial blunders regarding the delays in the construction of the website.
For some clients, OX Markets existed as one of the most transparent entities in the industry. Now is the time to see if there are any serious allegations against this platform.
OX Markets Complaints
Apart from the initial complaints about the technical specs, there has not been any major complaint against OX Markets. The encouraging fact is that the website is still up. It is the major indicator while determining the legitimacy of binary options trading platforms.
Still, there are minute issues, for instance, mixing of English and Hungarian in some phrases of the Accounts Section. But that doesn’t make a big difference. In this section, we generally look for serious complaints, and we are happy to announce that OX Markets is still working fine, satisfying its clients and the traders are happy with the provision of transparent and reliable services. We must not ponder much on minor issues as long as your money is safe, you are generating profit, and the website administration is not manipulating the statistics.
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Clients are also satisfied with the customer care department. Nobody has ever mentioned an incident of unauthorized access to their account, an invisible trade, or irritating delays in withdrawals. We hope that things remain on the same track and the clients keep generating profits, thanks to the educational material and effective software for the beginners.
OX Markets Withdrawal
OX Markets offers Credit Card (Delta, Visa, Diners, Maestro, Solo, Visa Electron, MasterCard, Maestro UK – Switch) as well as Wire Transfer methods for withdrawals. $100 is the lower bar for the withdrawal. It takes from 3 to 5 business days to process a withdrawal.
The withdrawal policy is pretty clear, loud, and simple so we don’t expect the occurrence of frequent issues. No client has yet complained against the failed or prolonged withdrawal. In short, OX Markets just keeps winning section after section. We mean, the basic offers are amazing, the website is up, the company is registered, and the history of the parent company is clean. All major indicators are suggestive of a promising and reliable broker.
On top of that, we didn’t come across even a single complaint against the company so far.
Is OX Markets a Scam?
OX Markets is NOT a scam and we are confident about concluding this because the company is registered, the registration information on CySEC and OX Markets website matches word to word, and there is no serious complaint. It is a transparent platform, simple yet effective. What’s encouraging is that this is one the rare regulated platforms that are good for the beginners.
Our Verdict on OX Markets
We recommend OX Markets to everyone who is looking to enter the online trading industry. We love the fact that no regulatory authority has ever issued a warning against OX Markets, anywhere in the world. Even the registered companies sometimes suffer from such warnings as soon as they try to reach beyond their geographical boundaries.
Though it doesn’t offer a variety of indices and commodities but the beginners don’t even need an extensive variety because it could lead to wrong decisions, illusions, and false speculations.
Scammed By OX Markets? Get Your Money Back
Since writing this review we have heard rumours that there have been a few people scammed by OX Markets, so we’d like to add that if you too have found yourself in a similar situation then we can help you get your money back.
We’ve put together a free money reclaim guide which shows you the exact steps you need to take if you’ve been scammed by a binary options broker to get your money back.
To date the exact guide has helped thousands of people to successfully get their money back from the hands of binary options scammer & we know it can certainly help you too.
You can get access to the guide for free by clicking here.
Our Number 1 Legit Way To Make Money
Even with legitimate brokers, we still don’t recommend binary options trading because we believe the risks are way too high. In fact we’ve never seen so much as a single person make sustainable profits with binary options trading at all.
The truth is there are many other legitimate opportunities online that can help you make good money and so in our opinion there is simply no need to risk money with binary options brokers.
Out of all of the legitimate opportunities we’ve come across though there has been one in particular which has stood out from the rest & we’ve named it our number 1 recommendation for working from home.
You can get access to our number 1 recommendation for free by clicking the link below:
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i tried ox-markets, it was a terrible mistake. the investing was much like a roulette wheel, you picked when to invest and a timer would begin, after that time if you were up/down. you would loose money on average. after loosing too much for my liking they would not let me close out my account. saying the money i had lost was easy to recover, i just needed to spin the wheel again…. so i left it a month. then tried to get my remaining money back but got pushed to the back of the que several times. Only after threatening to contact the police did they give me my remaining money back after deducting 50 for their admin fees. Avoid
Sorry to hear about that, but thank you for sharing your experience.