Tradorax is based binary options broker owned by AM Capital Ltd, located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 found since 2012. While they are not regulated, they have excellent features and are already establishing a sterling reputation. A wide variety of different trades, a wealth of learning materials, and a beautifully designed website all make them a broker to consider.
- Official Website: https://www.Tradorax.com/
- Headquarters: USA, UK
- Phone number: UK phone number is +44 203 808 8839 and USA is +1 (646) 934-6204
- USA traders accepted.
- The Trading Platform APP supplied by the Company enables Binary Options trading in foreign exchange rates of different currencies, commodities, and any other financial instruments made available by the Company (all hereof: “Financial Instruments”)
Is Tradorax(Tradorax.com) a Scam?
In a word, no! Even though they are not regulated, this broker demonstrates a strong understanding of regulatory laws, as well as a commitment to stay compliant. You may have noticed that most brokers fall into one of two categories: regulated with accepting USA traders, or not regulated and accepting USA traders.
Here is what Tradorax says in their terms and conditions:
Deposit Info – Tradorax Minimum Deposit
- Get started with just $200.
- Deposit methods: Credit or debit card, wire transfer, NETELLER.
- Trade in USD, UR, GBP, AUD, or CAD.
What do you need to know about deposits and withdrawals? There are $30 fees for wire transfers, which is pretty much the industry standard, so this is to be expected. Your first withdrawal of the month is free, but after that, there are additional $30 fees (this is also not unusual, even if it is a bit annoying). The minimum withdrawal threshold for credit and debit card transactions is only $30, which is much lower and more reasonable than the typical $100. The only drawback? If you want to withdraw more money than you deposited through your credit or debit card or electronic payment system, you have to use a wire transfer and pay the fee.
While you are opening your account, you will see the account tiers listed along the right-hand side of the page. While $200 is the minimum deposit, you will want to deposit at least $250 in order to obtain a Beginner Account, which includes a 30% bonus, weekly market reviews, and a trading eBook. A Standard Account is available if you deposit $750 or more. This comes with a 40% bonus, the same benefits as the Beginner Account, plus daily market reviews, Academy Membership, and a trading strategy.
Depositing $1,000 will get you an Executive Account, with a 75% bonus. You again get all of the previous benefits, plus VIP Academy Membership, three trading strategies, money management training, and 5 risk-free trades. If you have $100,000 or more to deposit, you can open a VIP Account with special benefits. As you can see, there are a lot of advantages to opening an account on this site. This broker seems very much invested in the success of their clients.
Types of Binary Options Available
There are so many different types of options to trade on Tradorax! You can trade High/Low options, including Long Term and 60 Second options. You can also try your hand at One Touch trading, Pairs trading (where you profit on the relative performance of one asset vs. another), or Ladder trading. Ladder trading allows you to earn profits as high as 1500%! This is an excellent amount of variety; there really is something for everyone here.
Trading and Training Features at Tradorax:
- Trade on your Android or iOS mobile device. The links to the apps are right at the bottom of the Tradorax homepage.
- Double up, rollover, and buy-me-out are all available to help you control your trades.
- Trade as little as $10 or as much as $2,500.
- Social trading. Follow trades by others on the website.
- While there is sadly no demo account on this site, you can still use risk-free trades with a qualifying account.
- There are plenty of training resources available to traders!
What Products Can You Trade on Tradorax?
BAE SYSTEMS (LONDON)
BP (BRITISH PETROLEUM)
COCA COLA (US)
HSBC HOLDINGS (LONDON)
REUTERS (US THOMSON REUTERS)
ROLLS ROYCE (LONDON)
TATA MOTORS (INDIA)
OIL (LIGHT SWEET CRUDE)
CAC 40 (FRANCE)
DUBAI FINANCIAL MARKET GENERAL INDEX (DUBAI)
FTSE 100 (UK)
HANG SENG (HONG KONG)
ISE 30 (ISTANBUL STOCK EXCHANGE, ISTANBUL, TURKEY)
KUWAIT GENERAL INDEX (KUWAIT):
MICEX 10 (MOSCOW INTERBANK EXCHANGE)
MSM 30 (OMAN)
NIKKEI 225 (JAPAN)
RTS (RUSSIAN TRADING SYSTEM, MOSCOW, RUSSIA)
S&P 500 (US)
SSE 180 (SHANGHAI STOCK EXCHANGE)
TADAWUL (SAUDI STOCK EXCHANGE)
TEL AVIV 25
Final Summary on Tradorax
Tradorax is one of the most exciting binary options brokers we have stumbled across in quite some time. Is this site perfect? With no demo account and a few withdrawal terms that are a bit restrictive, there is no way to say “yes” to that, but then again, we have never encountered a perfect broker before. Tradorax APP is however as close to perfect as anything we have seen. The withdrawal terms are not ideal, but they are much better than most. There are plenty of training materials and programs available to traders at all account levels. You can participate in numerous different types of trades, so there are a lot of ways you can make money with Tradorax. The website is thorough and provides comprehensive, easy-to-locate information on a wide array of topics. Reading through it, we had very few questions. If you do have questions, though, Tradorax’s customer service team is standing by.
In short, this is an excellent broker to trade with, whether you are located in or outside the USA. It is refreshing to find a broker that understands CFTC laws and is striving to be compliant, and it makes their unregulated status far less of a concern than it would normally be. This broker is making the extra effort to offer top-shelf services to customers, and we highly recommend you check them out!
Trader APP Reviews And Ratings of Tradorax
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