Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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VXmarkets Broker Review

  1. VXmarkets is a binary options broker that promises payouts up to 85%. Also, this broker claims to help traders push their abilities further while delivering amazing trading experience thanks to their Binary Diploma course. Keep in mind that VXmarkets is an unregulated broker that doesn’t have a license.

    VXmarkets also claims to have a special treat – traders can get 10% of their investment returned even if they make a wrong prediction. Whether or not this is really true, find out in the VXmarkets review that follows. Make sure to read it to find out more about features, software, customer support and deposit methods.

  2. 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.

    VXmarkets Registration

    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.

    VXmarkets Demo

    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 Bonus

    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.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  4. Testimonials FairForexBrokers Your capital is at risk

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  5. VXmarkets is using a popular SpotOption platform that is quite common among brokers. Traders don’t have to download any software and can easily approach the trading dashboard from the broker’s website. This makes it very convenient for all traders who prefer to keep their computer neat and clean, without slowing it down with multiple programs. The bad thing is that this broker doesn’t offer a mobile version of the platform. It can be accessed from the mobile phone, but there is no VXmarkets app that could make mobile trading easier.

    VXmarkets claims to offer over 120 assets. Traders can choose from an interesting selection of binary options types and expiry times: trend options, intraday options, long-term options and combine them with numerous expiry times. There are also turbo or short-term options that start with 60 seconds, and broker promises payouts as high as 71% with this type of trading.

    On the trading dashboard, traders will find asset list organized by asset types. Also in the middle, there is a trading chart and on the right side is a place where trades are placed. Considering that in VXmarkets review it was impossible to find out more about account types and special services and benefits it is impossible to conclude whether or not there are special treats such as free signals or automated trading. Some benefits like binary signals, personal training etc. are mentioned on the homepage but were not offered to us during VXmarkets review.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. VXmarkets review showed how this is an unusual broker in many ways. For example, there is no live chat function. This is very uncommon, as live chat is the preferred method of communication among traders.

    Traders can use phone number, online form or email instead. Still, these methods are not as quick and convenient as live chat.

    The website is available in Spanish, English and Korean language. Education materials offer special Binary Diploma program that consists of multiple videos and webinars. FAQ section delivers a solid insight into some basic info regarding trading with this broker. There is also a special glossary with most common phrases and terms.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. VXmarkets has a minimum deposit in the amount of $250. Minimum withdrawal is $300 for traders who don’t want to pay fees. In case the trader wants to withdraw less there is a $25 fee. Traders who prefer bank wire withdrawals will face the $500 minimum withdrawal which is rather high. There is also $25 fee that applies to bank wire withdrawals, and traders may also have to pay fees to their bank. Minimum withdrawal for credit card users are $250.

    It usually takes them 5-7 days to process a withdrawal once the account has been verified. Considering that most brokers nowadays offer 24h withdrawals, we can say that terms of withdrawals are rather unfriendly.

    Traders are eligible for a withdrawal, only after they deliver the following documents:

    • A copy of their valid passport with the signature page
    • Copy of credit card according to the instructions on the website
    • A copy of a recent utility bill
    • A signed purchase history of your online transactions

    VXmarkets is owned and operated by Clear VX Ltd. 1 Millerntorplatz street, Hamburg, Germany, 20359. This is not a regulated broker and they don’t have a valid license for offering binary trading.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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