Many binary options traders are looking for a broker that can help simplify the world of binary options, and Tradorax is one such broker. The Tradorax website is well designed with a tremendous amount of binary options information. Tradorax is hard to beat for those who are serious about binary options trading.
Tradorax is a UK based company operating around the world. It has been online since 2012 and runs on TechFinancials software.
Tradorax does not offer a demo account, so this review is based on a silver level account. This account level offers plenty of information for both educating traders and helping traders to improve their skills, as well as technical assistance.
Tradorax accepts trades ranging from $25 to $1,000, giving you the flexibility you need to place trades based on your confidence level and risk tolerance. Tradorax offers a maximum ROI of 85%, as high as most other trading sites.
Tradorax also offers a convenient mobile app, so you can execute trades on the go. No longer do you have to wait until you get to your desk, you can trade on your commute or even on vacation.
Tradorax offers users four different account types, based on the initial deposit amount. Sometimes referred to as loyalty programs, the different accounts offer different features. As soon as deposit funds are in the account, the level is assigned, and trading can begin.
The Tradorax Mini account is for users who deposit $250-499. Mini account holders receive one personal contact with a consultant each week, beginner level trading lessons, and a sign on bonus.
The Tradorax Silver account is for users who deposit $500-4,999. Silver account holders receive two contacts with a consultant per week, beginner and intermediate level trading lessons, trading signals, increased ROI of 2%, 0.5% cash back, and a sign on bonus.
The Gold account level is for traders who deposit between $5,000 and $9,999. At this level, users receive contact with a consultant three times per week, beginner and intermediate lessons, 3% increased ROI, 1% cash back, one risk free trade each month, 1% cash back, and a sign up bonus.
The Tradorax VIP account is for traders who deposit at least $10,000. VIP users get contact with a consultant four times a week, access to all trading lessons, 4% increased ROI, 2% cash back, trading signals, 2 risk free trades every month, and a sign up bonus.
Signup bonuses and promotions
Along with multiple account levels, Tradorax also offers sign up bonuses and other promotions to give you extra money for trading. Users can receive a deposit bonus up to 200%, depending on initial deposit. Tradorax also offers initial deposit trading terms of 30 times before a user can withdraw the bonus money.
Tradorax also offers occasional special promotions such as extra risk free trades or free trading signals.
The web platform
The Tradorax website is built on TechFinancials, award winning software designed to give investors an advantage and help them consistently make successful trades. TechFinancials is popular among binary options traders, partly because it is so user friendly.
TechFinancials runs entirely on the web, with no plugins or other downloads to use up valuable memory on your computer or mobile device.
The best part of the Tradorax website is that it gives you all of the information you need on all of your financial assets, along with trading education tools, and the trading platform, all in one place, right at your fingertips. It offers graphs to help you with technical analysis of your assets, provides a calendar with economic current events, and helps you keep track of all of your trades, current and past. The site is designed to make all of these features easy to find with conveniently placed drop down menus. There are other binary options trading platforms, but few that are as easy to understand and use as Tradorax.
The platform automatically opens all of the functions that apply to your account level and gives you access to helpful and informative training materials offered to investors. The site is so intuitive that even non-tech savvy people who are new to investing will be able to get up and running with this platform quickly and easily.
Tradorax banking services
Tradorax also boasts some interesting banking features, starting with the $250 minimum deposit for new account. This low initial deposit makes investing a possibility for people at just about any income level. Procedures at Tradorax are also easy to access via drop-down menus.
Once you have provided all the required information and opened your account, you need to make your initial deposit. This can be done through the banking tabs and a variety of methods, including Visa, Mastercard, Diner’s Club, iDeal, POLI, CashU, JCB, and more. Remember, the higher your initial deposit is, the higher your signup bonus will be and the more features you will be able to access.
Withdrawals are most often done using the same method with which your initial deposit was made, but can be done using any other accepted method. Tradorax follows very strict protocols for withdrawals in order to ensure data security. Withdrawals take about 3-5 business days to show up in your account. The minimum on most withdrawals is $100, but may be as high as $500 in some situations, such as bank wire transfers. Some fees may be assessed on withdrawals as well.
Tradorax offers an impressive trading experience with a wealth of learning tools. The platform is intuitive and easy to use. Banking was straightforward and customer service was excellent. We would definitely recommend Tradorax to any investor looking for a reliable binary options broker.