Full Review about Tradorax
I would like to bring to your attention a broker that has steadily been growing in the last few years. Tradorax has been part of the binary options industry since 2013 and for these three years they have quickly found their place among the best brokers on the market.
Their rapid growth can be explained pretty easily – Tradorax offers quite a large asset library consisting of over 150 assets. In addition, the up-to-85% payouts and their superb customer service complete a great package, suitable for newbies and experienced traders alike.
The main page excels with a clean business-oriented design. But don’t let this simplicity confuse you. Behind the uncomplicated looks, there lies a powerful platform that offers a wide variety of tools that will satisfy every trader’s need.
General Information about Tradorax
Tradorax’s headquarters is based in London, UK. The platform that the broker uses is provided by the renowned company TechFinancial. No matter where you are located, be assured that access to the broker is very easy because their service is available in 22 languages. In addition, their customer support is also multilingual and works 24/5 so it can accommodate as many traders as possible.
The company offers both Binary Option and Forex trading. Apart from the large asset index and great payout rates, their customers can take advantage of a thorough educational center, consisting of tips and tricks, video library and a trading guide.
Privacy and security have also been extensively worked on and this is evident by the rock-solid 128-bit SSL encryption that Tradorax uses. You can be confident that your private details such as passwords and payment details are safe and secure and you are the only one who has access to such sensitive data.
Working with tradorax’s platform is intuitive and it takes not more than a few minutes to get accustomed with it. Everything is pretty self-explanatory and accessible to both new and experienced traders.
tradorax requires minimum deposit of 250 USD/EUR/GBP/JPY,
Traders can choose among different methods of depositing:
Credit/Debit card, wire transfer, Neteller, Skrill.
The minimum investment per trade at tradorax is 25 USD/EUR/GBP/JPY and the maximum is 10 000 USD/EUR/GBP/JPY.
Some of the special instruments that the broker provides are designed in such a way to diversify the trader’s experience as much as possible:
- Roll Over – traders are able to roll their SmartOption over to the next available expiry time.
- Buy Me Out offers the possibility to sell your SmartOption before the expiration time.
- Risk-Free Trade – if a trader’s first 3 positions have been unsuccessful, Tradorax is ready to refund all of their funds.
- Insured Trade – the trader is able to spread their risk by determining what both the potential profit and loss amount will be.
With such a wide variety of features, there isn’t much else to say besides that it seems Tradorax have been really thoughtful when designing their customer experience. Everything you expect to see from a top broker is there. And even some more.
As I said above, the broker offers a large choice of about 150 different assets to trade with. They are divided into four categories – currency pairs, commodities, stocks and indices.
If you prefer to trade with currencies, the broker offers some of the most common pairs such as EUR/USD, GBP/USD, AUD/USD as well as some exotic ones such as USD/TRY, USD/NOK and even BITCOIN/USD. Yes, with tradorax you can also trade on Bitcoin!
Commodities include some of the most valuable ones which drive the world economy. Oil, Gold, Silver, Sugar, Coffee are part of the broker’s selection.
What have you had for lunch today? Maybe a Big Mac? How many updates have you received on Facebook while reading this review? Let me guess – you have at least one pair of Nike shoes in your wardrobe. With tradorax you can trade on your favorite company’s stocks and participate actively in its business deals. Some of the stock options include McDonald’s, Facebook, Nike, Vodafone, Ferrari and others.
Last but not least, if you want to taste what it feels like on Wall Street, why don’t you try and open a trade on some indices? Tradorax provides a range of worldwide indices including Dow Jones, NIKKEI, NASDAQ and others.
Advantages & disadvantages
- 85% Return that can reach 360% in certain cases
- Different account types that are designed to respond to your every single preference
- Multilingual platform and customer service
- Comprehensive educational center
- No Demo Account
- The company works only on weekdays
With tradorax you can choose to trade using one of the four different instruments that the broker provides. They are designed in such a method to deliver a diverse experience and keep your excitement when trading.
- One Touch
- Short Term
Tradorax pride themselves with the 85% return on investment which is among the highest in the industry. Even on the short term trades the payout is higher than most of the brokers. I should definitely mention that in some cases One Touch trades can reach up to 360% which is nothing less than amazing.
Trading On the Go
Nowadays we are blessed with the convenience that mobile technology provides us. Smartphones and tablets have become an integral part of your everyday life. This is the main reason behind tradorax’s decision to develop a mobile platform for their traders.
A lot of people have busy lives and are not always behind the computer or laptop. Others have really long commutes to their work. With tradorax’s Android app you can trade while you are on the morning train, waiting on a long queue or maybe just sitting on a bench in the park.
The application provides the full functionality of the web browser version and has a really intuitive interface. All you have to do to start trading using your mobile is to download the application from the Google Play Store and log in with your tradorax account.
Tradorax offers a vast assortment of bonuses that are based on your initial investment. This way you know from the beginning what your bonus is going to be.
The bonuses begin at 25% and can reach to up to 200%. The company also offers some additional rewards if you refer your friends. For every single friend you bring to tradorax, they are prepared to give you a bonus as a token of gratitude.
Tradorax looks like a company that highly value their traders. Apart from bonuses, a wide range of tools and great support, they have also thought about how to accommodate every single customer in order to improve their experience as much as possible. That’s why they offer six different types of accounts that are tailored to cover your personal preferences as close as possible. Here are all the different account types:
- Mini – really convenient if you are just starting. It’s the most basic account type and is stripped of some of the exclusive features such as risk-free trade and trading signals.
- Silver – it offers a lot more than Mini and is still suitable for both new and experienced traders. By signing up as a silver account you will also receive access to trading signals.
- Gold – that’s the best bang for the buck account type. It offers really great exclusive features as well as everything from Mini and Silver and is regarded as the most cost-effective. It also gives you a risk-free trade.
- VIP – the real deal. Airlines have the business class. Credit card companies have platinum cards. And automobile industry has Rolls Royce. Following the same pattern, for their most exclusive clients, tradorax offers a powerful VIP account, stacked with every single feature the company has in store. Really, the best account type.
Tradorax has also two more account types that are a little different. If you choose the “Saving Account” account type or the “Self-Managed Account” account type, expect to receive a call from the company’s representatives where you can discuss what is the best option for you. They will design a special account type for you and you only, depending on your personal preferences.
If you have just made your first Binary Option account, maybe all the information will look a bit overwhelming. But in reality it’s not. Even if you struggle a bit in the beginning, be assured that tradorax have thought about this as well. They offer a large database containing lots and lots of educational materials. You can watch the video tutorials which are divided into basic and advanced. On your disposal you also have a free Trading Guide which will show you how to make your first trade step by step.
Tradorax also welcomes experienced traders by providing them some advanced strategies and more complicated approaches.
Social Media and Online Presence
Tradorax is on the most popular social media websites. The broker can be found on Facebook, Twitter, LinkedIn, Google+ and YouTube. They post on a daily basis important financial news but also interesting facts and tricks. The YouTube channel is filled with content some of which are really interesting documentaries.
Video Review of Tradorax
Below is a list with restricted countries that we don’t accept either:
Afghanistan, Angola, Antarctica, Bermuda, Botswana, American Samoa, Anguilla, Bulgaria, Cameroon, Chad, Burkina Faso, Cape Verde, Comoros, Burundi,
Central African Republic, Christmas Island, Congo, Dominica, Eritrea, Cuba, East Timor, Ethiopia, Gabon, Djibouti, Equatorial Guinea, Gambia, Ghana,
Guinea, Heard and Mc Donald Islands, Iran, Grenada, Guinea-Bissau, Guam, Guyana, India, Guatemala, Haiti, Kiribati, Kyrgyzstan, Kenya, Libyan Arab Jamahiriya, Lesotho, Madagascar, Lao Peoples Democratic Republic, Liberia, Malawi, Maldives, Martinique, Mauritania, Mozambique, Niger, North Korea, Mayotte, Myanmar, Nigeria, Palau, Micronesia, Nauru, Mongolia, Niue, Palestinian Territory, Montserrat, Nepal, Norfolk Island, Pitcairn, Papua New Guinea, Republic of North Korea, Northern Mariana Islands, Pakistan, Rwanda, Romania, San Marino, Solomon Islands, Sudan, Seychelles, Somalia, Saint Lucia, Suriname, Sierra Leone, South Georgia, Saint Vincent and The Grenadines, Sao Tome and Principe, Swaziland, St Pierre and Miquelon, Syrian Arab Republic, Tajikistan,Tonga, Togo, Tunisia, Turkmenistan, Uganda, United States, Vanuatu, The Western Sahara, Yemen, Zaire, Zimbabwe, and any other territory in which, the provision of the Services (or any specified part thereo) may be prohibited or restricted.