Tradorax Review

Tradorax offers bonuses of up to 200% as well as other VIP perks, and their trading software is cutting edge and extremely easy for both new traders and experienced investors alike. Their customer support can be contacted via a number of methods and there are more than 100 different assets available for trading.

Tradorax offers bonuses of up to 200% as well as other VIP perks, and their trading software is cutting edge and extremely easy for both new traders and experienced investors alike. Their customer support can be contacted via a number of methods and there are more than 100 different assets available for trading. Intro Tradorax is an online binary options broker that was founded by a skilled group of financial professionals who want to offer a high quality online trading experience. Their innovative platform is efficient and secure as well as being 100% web based and user friendly to…

Review Overview

Bonuses - 70%
Software - 90%
Customer Support - 85%
Options Choice - 60%

76%

Good quality broker

Summary : Very trusted broker

User Rating: Be the first one !
76

Intro

Tradorax is an online binary options broker that was founded by a skilled group of financial professionals who want to offer a high quality online trading experience. Their innovative platform is efficient and secure as well as being 100% web based and user friendly to suit the needs of both novices and professionals. Offering 85% returns, this broker offers 24/6 support and a range of exciting assets including popular currency pairs and major indices as well as some unique educational resources.

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Company Information

Tradorax is not regulated or licensed by any recognised body or authority, however they do promise clients a secure and safe trading experience with strong SSL encryption across their website and strong security and privacy policies for the clients’ benefit. They unfortunately are unable to access any clients from the United States for trading.

Assets Available

Tradorax offers over 100 assets for trading including:

Currencies – 33

Commodities – 11

Stocks – 57

Indices – 22

Bonuses & VIP Programs

Tradorax offers all newly registered clients a welcome bonus which ranges from 50% to 200% depending on the account types opened. Clients at all levels can also benefit from the refer a friend bonus programme. There are also several other perks which are open to those who open the highest level VIP account including 4% extra on every trade, four times a week access to a personal broker, advanced lessons, 2 risk free monthly trades and 2% cash back.

Mobile

Tradorax offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time. They also offer their own Android mobile app which allows clients to trade from the palm of their hand no matter where they are in the world. These apps can be downloaded free of charge from the Google Play store or from the company’s own website.

Deposits and Withdrawals

Tradorax offers an extensive range of payment options for making account deposits and withdrawals. These include:

  • Visa
  • MasterCard
  • Bank transfer
  • Neteller
  • Cashu
  • Skrill
  • Webmoney
  • Qiwi

When making a deposit via credit or debit card or CashU the minimum amount which can be deposited is 250 USD/GBP/EUR and when depositing via bank transfer, the minimum amount is 500 USD/GBP/EUR however wire transfers can take up to 5 working days for funds to appear in the trading account. Withdrawals are processed within 5 working days and it may take as long as 10 working days for funds to be transferred to the client’s bank. No fees are charged on any CashU or credit card withdrawal, however bank wire withdrawals of funds attract a $25 processing fee.

Customer Support

The Tradorax client support team can be contacted via several methods to respond to queries and to resolve any issues which may occur.

  • Live Chat
  • Telephone (phone lines in the UK, Sweden, Norway, Denmark, South Africa, Hong Kong, Singapore)
  • Email (4 addresses for support, information, compliance and affiliates)
  • Skype
  • Web form

The website has a frequently asked questions section so that clients can immediately get an answer to all of the most common basic queries which are regularly posed.

Support is available 24 hours a day 6 days a week and the website is available in 3 languages – Russian, English and German.

Extra Features and Resources

Tradorax offers its clients excellent educational resources to help them to learn more about trading binary options. As well as a trading guide, they also offer binary videos on demand courses and advanced courses for experienced investors. One hour of free training is available to all clients and higher level account holders can benefit from extra sessions. Premium trading signals are available.

Verdict

If you are considering choosing Tradorax as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

Pros

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • Mobile trading app for Android devices
  • Instant customer support via the live chat facility
  • E-Wallet deposit and withdrawal methods
  • Multilingual website
  • Strong SSL encryption
  • Premium trading signals
  • Educational resources
  • 85% returns
  • 24 hour customer support 6 days a week
  • Over 100 assets for trading
  • VIP accounts with extra benefits
  • Bonuses available

Cons

  • US clients are not accepted
  • Not licensed or regulated by any recognised body

FAQ

Can I trade with Tradorax using my mobile device?

Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so companies like Tradorax are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world. They also have mobile trading apps for Apple and Android tablet and smartphone users which can be downloaded free of charge and which allow even more convenient trading and account access when away from the office.

Does it cost anything to register with Tradorax?

It does not cost the client anything to register with Tradorax and there are no hidden costs or fees to worry about.

Can I use any e-Wallet methods for payment?

Tradorax accepts a wide range of payment methods for both deposits and withdrawals and clients can use traditional options such as bank transfer or credit and debit cards, or more up to date online methods if this suits their preference. Skrill, CashU, WebMoney and Qiwi are some of the options which are currently offered by this company.

What account types are offered by Tradorax?

There are 4 account types offered by Tradorax including:

  • Mini – this account allows access to a personal broker once per week as well as access to educational resources and lessons 1 to 2 of the training programme
  • Silver – this account allows all of the benefits of the Mini account as well as an extra day of access weekly to a personal broker, 2% extra on every trade, access to signals, 0.5% cash back and access to lessons 3 and 4 of the training programme
  • Gold – this account gives all of the benefits of the Silver account as well as an extra day of access to a personal broker, 3% extra on every trade, access to lessons 5 and 6 of the training programme, 1% cash back and 1 risk free trade per month
  • VIP- this account offers all of the benefits of the Gold account together with 4% extra on every trade, an extra day of access to a personal broker, access to lessons 7 and 8 of the training programme, 2 risk free monthly trades and 2% cashback

I am from the USA can I trade with Tradorax?

Unfortunately at the present time no clients from the USA are accepted by Tradorax for investment products.

Does Tradorax offer educational resources?

There are many excellent educational resources offered by Tradorax, so whether you are a brand new trader or an experienced investor there are training courses and videos to help you to maximise your profits. Higher level account holders can access higher level training resources, however each course is designed to help clients to find out more about the process of trading binary options and to widen their knowledge of trading psychology.

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Tradorax Review
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