Tradorax Broker Review

5 stars based on 74 reviews

Just FYI this is a virtual office address headquartering more than 2, other businesses. They can be contacted by live chat if you want to get a canned response or email. There trading binary options with tradorax multiple intraday starting with 10 minutes and moving out to end of day, end of tomorrow, next week and next month to the 5th month out on most assets.

The asset list is pretty good, not quite as full as SpotOption but everything I saw was trading or scheduled to be open soon.

All four categories are present; stocks, indices, commodities and forex. Each categories is flush and what I would call above average; at least a dozen international indices, at least 75 international stocks, 12 commodities including a few pairs and 30 forex pairs.

Banking with this broker is super easy, at least on the way in. Deposits can be made with CC, wires or over 2 dozen internationally accepted web payment services. Qualifying of course means you give them real money and they give you some fake money, with strings attached.

When first trading binary options with tradorax we held high hopes for them, they claimed to be here for the traders and offered great terms and payouts. The bad news is that since then they have devolved into the stereotypical scam broker using all the tricks we have come to know and loathe. This broker uses high pressure sales tactics with cold calls and leads generated through marketing programs. The website makes promises of easy riches with little said in trading binary options with tradorax way of caution, what is there is in the fine print.

Once you join the bonuses are there to lock in your deposit with onerous turnover rates preventing you from making withdrawals. Trading tips and managed accounts are offered with promises of guaranteed win rates that never pan out. Basically, Tradorax is a money funnel designed to suck your wallet dry. This broker is not recommended. This broker is either not regulated or generates a large number of complaints. Deposit And Withdrawal Banking with this broker is super easy, at least on the way in.

Tradorax Is Not Recommended When first launched we held high hopes for them, they claimed to be here for the traders and offered trading binary options with tradorax terms and payouts.

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Tradorax is a new binary options broker, having only launched their platform late in Located in the United Kingdom, they are quickly growing in popularity. They have a very different look and feel to their site, and this has also created a lot of hype for them. To trade here, you must first open an account. You will need to list your name, country, email address, phone number, age, an account name, and your currency of choice. Once you create an account , you will be asked to fund it.

This can be done with a credit card Visa or MasterCard , bank transfer, or a few different online wallets, like Skrill or Neteller, to name a few. To make a withdrawal, you need to have that money sent to the same account that funded the account. So, if you used a credit card to fund your account, money will need to be sent back to the same card. If there are any problems with this, you can elect to have your money wired to your bank, assuming that the account has the same name attached to it that your Tradorax account has.

There is a fee for wire transfers. You may also be required to fill out an authorization form before your withdrawals are processed. This is for your safety and to ensure that your hard earned money is not going somewhere other than directly to you.

Tradorax has a strong trading platform that allows you to trade currencies, stocks, indices, and commodities as binary options. There is a heavy emphasis on currency trading, but they do have a large selection of stocks, particularly U. There are over different assets listed for trading on their site. The customer service side of things is what makes Tradorax different from every other binary options broker on the web. They offer 1-on-1 training sessions if you wish to take advantage of them, and are always willing to help answer your questions, even what might seem like the simplest of things.

They have stated on their site that their goal is to make your trading experience as simple and intuitive as possible, and because trading can often be a quite complex undertaking , this is a great benefit to you.

One of the unique features of Tradorax is that they have a 2-in-1 trading platform. You can trade binary options here, or you can trade Forex assets. This is a great tool for experienced Forex traders looking to branch out, or binary options traders that specialize in currencies. Only advanced traders should attempt switching between the two, but if you have a background in currency trading , this is a strong feature to have in your broker.

Tradorax also has welcome bonuses ranging from 50 to percent of what you deposit. If you do sign up, this extra bonus is nice, but remember that you need to unlock it before you can withdraw it. They do have a few other unique features. Their average trade has a rate of return far higher than the industry average—up to 85 percent. They also allow you to end certain trades early if you wish, although there are tight guidelines for this.

You can end a trade at a partial loss or a partial profit, depending upon whether you are currently in the money or out. It takes practice to become a winning trader. This will save you in the long run and you should always consider using one no matter which broker you use. Tradorax has a different kind of platform and they standout in this new industry because of this. They have a great customer service program, and this alone makes them worthy of consideration. Add to this an easy to use platform, demo account, a big assortment of assets and types of trades , and their Forex section, and you have a high quality binary options broker.

However, their best selling point is that they are great for both new and experienced traders. This means as you grow with them , there is no need to change brokers.

Tradorax excels as a broker as a result of this. Your Capital is at Risk. Short Term or Long Term. Tradorax Tradorax is a new binary options broker, having only launched their platform late in The Nuts and Bolts To trade here, you must first open an account. The Many Different Thing to Trade Tradorax has a strong trading platform that allows you to trade currencies, stocks, indices, and commodities as binary options.

What Makes Tradorax Different? Some Last Words About Tradorax Tradorax has a different kind of platform and they standout in this new industry because of this. The financial services provided by this website carries a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.