VXmarkets is a relatively new binary options broker on the market. What we found very interesting is that there are no special account packages ready for traders. Most modern brokers prefer to have different account types for different types of traders, and account types are usually determined by the amount deposited. Also, the more you deposit the better benefits you get. Unfortunately, this is not the case and traders can only use one basic account. Even though this makes trading more democratic, it is expected nowadays that traders who deposit more also get more features.
Registration with VXmarkets is no different than registration with many other brokers. Traders must first click an ‘Open Account’ button. Then, they will be redirected to a page with an online form they need to fill out. The requested information is first name, last name, email, password, currency, country, and phone number.
After this step is completed you will be immediately logged in. Then you can make a deposit. Minimum deposit with VXmarkets is $250. The trading platform can be easily accessed by clicking the ‘trade’ tab in the menu. Minimum trade with this broker is $25. This means that with the minimum deposit you can place 10 trades.
Unfortunately, VXmarkets doesn’t offer a demo account. This is a little downside as most traders prefer to test the platform before they place real money trades. Also, demo account can be used for testing different strategies and trading methods.
VXmarkets review noticed how there is a whole paragraph in terms and conditions dedicated to bonus policy. Apparently, traders who accept a VXmarkets bonus have to fulfill the required trading volume x30. In case they want to withdraw any funds prior to reaching the above-mentioned volume, the bonus will be removed from their account. Keep in mind that bonus terms are pretty vague, so make sure to ask customer support for more information before accepting any type of promotional offer.
Also, the promised 10% return on unsuccessful trades is not mentioned in terms and conditions.