While Tradorax has just started its activities in 2013, it has quickly established itself as a reliable broker for both experienced and fresh traders. It uses TechFinancials platform that is the preferable choice for a lot of traders because of its proximity and simplicity. This platform is provided by the SSL-technology, which guarantees high safety standards.
Accepting traders from all over the world this provider offers support and platform that is available in such languages as English, German and Russian. Also we should note in this Tradorax.com review that this platform is provided in a mobile version, which gives an opportunity to trade on the go, at any time and from anywhere. To get this app, users can download it from Google Play. This app can also be used on tablets.
Tradorax offers outstanding customer service, which can be reached by email, phone or live chat. It also has local phone numbers for many countries.
Tradorax.com Review - Binary Trading
We should admit in our Tradorax review that you will find it's platform enough user friendly and simple, you can access all your financial asset and trading history information, live chat and economical calendar at one place just in front of you. The company supports all popular types of digital options with a wide range of expiration terms:
1. Usual High/Low option, which also offers Above/Below option.
2. One Touch, which provides Touch options and High Yield version of them.
3. Short-term (60sec. - 5 min)
4. Boundary and High Yield version of Boundary.
Payouts start from 70% and can go up to 360%.
Tradorax finance offers a great list of more that 160 assets with Tradorax minimum deposit of only $250. This includes some of the most popular stocks, such as Microsoft, AXA, Google, Coca-Cola, etc. In addition, all of the major commodities, Forex pairs and indices are also available for you. Also, users can choose any of expiry periods that are available in binary trading: from sixty seconds to one month. One could argue that Short term options are mathematically more difficult to predict than the Long-term, and for this reason, they have a higher percentage of payouts. We can say that the forecast will be easier and more accurate when trading options that have longer expiry periods. It is important, of course, to apply the correct expiration date to the various assets. Most inexperienced traders are not aware that the correct choice of the expiry term increases their chances of winning.
Continuing this Tradorax review, our team should add that the company also has a suite of updated tools such as Roll Over and Buy Me Out.
The main Roll Over function is to extend an option time expiry. When using this tool, you exchange your option to the same option with a longer expiration time. For using this, you need to pay an additional fee. Different providers set a different fee, but in most cases this is a certain percentage of an investment amount. This great feature can be used when your forecast turns out to be true, but all you need is just an extension of the trade time.
Buy Me Out is very useful and interesting feature for trading digital options. Some traders believe that it is still greater than a Rollover. This tool allows you to close the option anytime before it expires. The explanation is that you can take profit or cut your trading losses before your option expires. It will help you to limit the risks associated with the continuation of the deal, and save money for further investments in your other trades.
Tradorax Minimum Deposit
If you decide to open account for trading with this firm, Tradorax minimum deposit amount is $250 or the same amount in such currencies as JPY, EUR or GBP. To make investment you are able to choose any of methods provided by the broker: Visa, MasterCard, Neteller, CashU, WebMoney, Yandex Money, etc.
Also, we should mention that the minimum amount of trade is just $ 25, and a maximum amount can reach $ 10 000, however, it depends on the chosen option. Such a way, you can get up to 85% payout for every successfully placed trade. And that is quite high return in comparison with other brokers.
The company tries to provide simple and easy withdrawal process for traders. To conclude, simply log in to your platform, choose Banking and select Withdrawal. Your withdrawal will be processed using the same payment method you have chosen for the investment. In order to have a full use of your account, and to make a withdrawal, you must verify your identity before you request for withdrawal.
Tradorax.com Review - Account types
Tradorax finance offers 4 types of accounts for potential customers. You will be provided with different benefits and opportunities for trading according to the appropriate account. So the choice is between such types: Mini, Silver, Gold and VIP. With any of them, you can get an access to the variety of lessons, risk-free trades, additional returns for each transaction, signals for trading, personal manager and much more. In addition, there are Saving and Self-managed tailor-made accounts types.
Let's discuss in details all the accounts.
Mini type of account provides you with usual web platform and mobile app, access to the broker's Educational Center and trading lessons, and a personal market financial expert.
Silver type, in addition to the features of previous one, provides extra 2% return for every trade, signals service, and 0.5% cash-back.
Gold type gives additional 4% return for every trade, 1% cash-back, and one risk-free trade a month.
VIP type of account has such benefits, in comparison to other accounts, as extra 3% return for each trade, 2 percents cash-back, and two risk-free trades a month.
Tradorax.com Review - Bonuses
Tradorax finance provides up to 200% welcome bonus, which depends on the account type. It also offers a Risk Free Trade, which allows users to trade without risks. It is also important to mention in our Tradorax review that Educational Center provides trading tutorials for newcomers and Prof-traders, webinars and other tools that can help users to be more skilled when trading options. Free video courses, frequently asked questions, glossary, index, and assets are free accessible for traders.
Insured Trade: This provider offers you an opportunity to spread your risks by determining (at the start of trading), what will be the amount of your both profit and loss.
At the end of our Tradorax review, we would like to remind you that before starting binary trading you should understand all the potential risks, as well as the terms of the broker you choose.
Tradorax finance is not a regulated broker, but it is reliable and trustworthy, so there shouldn't be any complaints on Tradorax scam. Since it's appearance in 2013, it has gained popularity and good reputation.
This company already has a good customer base and with the services that it offers, it will certainly attract more traders in paulo post future. We have searched feedbacks on Tradorax scam topic and we were pleased to see that there are quite few complaints from users. These Tradorax scam complaints were from those who didn't get bonus policy and had problems with bonuses withdrawals, or traders who just failed in their trades.
Tradorax is an established and one of the most reputable digital options providers out there on the market.