This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
In order to be appealing to as many traders as possible, OXmarket created different packages for different types of traders. During OXmarket review, we realized there are several account types that start with minimum deposit $250. Unfortunately, the only information available on the website was about the Gold account, so we had to reach for customer support that provided us with basic details.
According to them, additional info can be provided during a phone call with their account representatives, as the website is being upgraded. This can be considered a bit unprofessional, because the website doesn’t provide all the necessary information to the potential trader, but implies the necessity of personal contact which may put a client into an unpleasant situation.
According to the customer service, there are 4 types of the accounts available, each with different deposit minimums.
During OXmarkets review, we found out that this broker provides bonuses for its traders. Of course, there are some additional rules on them that must be followed in case the trader accepts the bonus.
During trading, the company will rank the trader’s funds first and then the bonus funds, which means the deposit is traded first. Trading accounts with added bonus cannot be withdrawn until the minimum requirement of 30x turnover is reached, but OXmarkets allows client’s funds to be withdrawn as long as 5x turnover with trading benefits has been reached. Bonus must be used within 60 days. As it can be seen, bonus rules are quite complicated, so make sure to read them carefully in T&C and have written transcript from your manager’s explanation in case something goes wrong as these rules leave space for manipulation.
Minimum deposit is the usual amount of $250.