Tradorax Review

Why Tradorax?

Tradorax provides traders with a simple and intuitive web-based platform, available in 22 languages, that features a wide range of tradable assets and a wide array of trading instruments. In addition to its proprietary platform, Tradorax uses the popular TechFinancials platform. Traders from most countries are accepted, including the US and Canada.

Tradorax has a superior up to 85% payout, which is very attractive, compared to many other brokers. The broker offers excellent educational tools, including a video library, trading guide, webinars and market analysis. They also have an economic  calendar that informs traders about important financial events and report releases. In addition, Tradorax gives One-on-One Trading Sessions with a financial expert capable of either guiding new traders, or helping more experienced customers to optimize their trading skills. Tradorax prides itself in offering its traders a safe and secure trading environment. Delivering the ultimate experience for beginners and advanced traders, Tradorax belongs to the list of top online brokers.

Tradorax Company Overview

Tradorax is a global binary brokerage company that was founded back in 2013. Their mission is to provide online traders with the best prospects of success by offering a comprehensive financial trading service. Although not yet regulated, Tradorax has developed an outstanding reputation within the binary options trading community.

Tradorax Trading Features

Tradorax provides several account types designed for experienced traders as well as for those who are new to the binary options market. The account types include, Micro, Silver, Gold and VIP, all with different minimum deposit amounts and many benefits to suit every trader’s needs.

Tradorax offers over 160 assets to trade on using the classic binary options in 4 different categories, which includes stocks, currency pairs, commodities and indices, with the ability to trade using a variety of different expiration times.

Currencies include: EUR/USD, GBP/JPY, AUD/CHF and many more. Bitcoin is also available. Stocks include well-known brands such as Google, Coca-Cola, Microsoft, Amazon and more. Indices include most major world markets such as Nikkei 225, Dow Jones, Nasdaq, S&P 500 and many more. The eight commodities are Oil, Gold, Silver, Platinum, Copper, Corn, Coffee and Sugar.

Tradorax also offers several unique tools, such as Roll-Over, Close Trade, Risk Free Trades and Insured Trades. Roll Over, allows you to roll your option contract over to the next available expiry. If you find that your position is losing, you can use Roll Over to increase the length of your contract and increase your chances of being in the money.

A popular feature of Tradorax is Buy Me Out, which allows you to sell your contract before expiration.

Tradorax Summary
Platform: TechFinancials
Min Deposit: $250
Bonus: up to 100%
US Traders: Yes
Max Deposit: No Max
Min trade: $25
Max trade: $15,000
Max Payout ITM: 85%
Max Refund OTM: 30%
Special Features: Buy Me Out, Roll Over, Risk Free Trades, Forex Trading
Assets:160+
Withdrawal: 5-10 business days
Min Withdrawal:$100
Regulated: Not Yet
Established:2013
You might use Buy Me Out if your position is trending in the wrong direction and you want to preserve some of your initial investment. Alternatively, you might use this feature to sell the contract if you are winning but want to make a smaller, but certain return.

Risk free Trades: For new clients, Tradorax offers up to ‘3 completely Free Trades” where if the clients first three positions are unsuccessful, we’ll refund you all of their money!

Insured Trades: Tradorax offers you the ability to spread your risk by determining (at the onset of the trade), what both your profit and loss amount will be!
Tradorax

Tradorax Mobile Trading

Tradorax offers traders the ultimate mobile trading app, which offers the same functions as the standard trading platform. The app allows you to trade the financial markets on Android mobile devices at anytime from anywhere so that you never have to miss a great trading opportunity. The Tradorax mobile app  can be downloaded for free from the Google Play store.

Tradorax Deposits and Withdrawals

Creating an account requires a minimum deposit of 250 USD/GBP/EUR/JPY. Funds can be transferred into the account from most major credit cards (Visa, Mastercard, Maestro), wire transfer, Neteller and Skrill.

The minimum trade a trader can place is $25, the maximum amount per trade is $15,000. Tradorax allows traders to withdraw funds through the same method they have used to make their initial deposit. It’s usually takes between 5-10 business days for the withdrawal process to be cleared.

Customer service

The customer service of tradorax is extensive and readily available. There are several ways to get in touch with them, including telephone, live chat and e-mail. tradorax’s advantage is its excellent customer service and individual approach to every client

Conclusion

The Tradorax platform is fully designed to make trading accessible to everyone. The innovative features, extensive educational resources and excellent customer support along with transparency and reliability, makes Tradorax an excellent broker choice for anyone wishing to trade binary options.

Open An Account with Tradorax

Facebooktwittergoogle_plusredditpinterestlinkedinmail