Update 2016.05.13 – Tradorax doesn’t accept U.S traders any more.
|CHECK LIST||DESCRIPTION||SHERIFF RATING|
|WITHDRAWALS||FIRST FREE WITHDRAWAL EVERY MONTH AND THEN $25 CHARGE PER EXTRA WITHDRAWAL|
|PERCENTAGE PAY OUT RATE||85% ON BINARY OPTIONS|
|CLOSURE OF TRADE PRIOR TO EXPIRY :||YES|
|DEMO ACCOUNT||NO DEMO ACCOUNT|
|MINIMUM TRADING AMOUNT||$25|
|BONUS||50% – SOMETIMES UP TO 200% FOR NEW ACCOUNT HOLDERS (please read below Bonus Accepting Awareness)|
|PROTECTED AMOUNT ON TRADING||UP TO 25% OF INVESTED CAPITAL IF TRADE IS LOST|
|REGULATED||NOT EU REGULATED|
|TRADER PROTECTION INSURANCE||YES UP TO $20,000|
|ASSETS TRADED||CURRENCY PAIRS, ASSETS, COMMODITIES, INDICES AND SHARES|
|TRADING OPTIONS||HIGH/LOW, SHORT TERM OPTION, ONE TOUCH, LADDER OPTIONS AND LONG TERM|
|CURRENCY DEPOSITS||US DOLLARS, EUR, STERLING|
|ACCEPTS US TRADERS||NO|
Tradorax: Alpha Capital House Ltd., is the owner of Tradorax and their office is registered at 1A Arcade House, Temple Fortune, London, NW1 7TL United Kingdom.
UK Phone number is +442031500446
US Phone number is (646) 977-7912
Email addres: support[at]tradorax.com
Tradorax uses Tech Financial platform. This is a very well designed platform and is used by Binary Option’s most seasoned traders. It has a clean interface which is simple and straightforward to use and it is therefore a very good platform even for a Novice trader to easily get accustomed to.
PRODUCTS OFFERED BY TRADORAX
The classic High Low in Binary Option Trading is offered by Tradorax in conjunction with One Touch, Boundary and Short Term Options. One of our favourite features with Tradorax is that you are allowed to terminate your trade prior to the expiry of the term and time of trade in question. This allows you flexibility to take profits or minimize losses at your discretion.
Tradorax Offers a large selection of currency pairs. Both major currency pairs as well as minor pairs are quoted including the South African Rand, Turkish Lira and the Norwegian Kroner.
Tradorax website is available in several languages including English, German, Russian and Arabic. Their support team is multi lingual and the dedicated managers to accounts are native multi lingual speakers.
In terms of real online support Tradorax offer a Premium Signal Service – which means that as a Trader you are given a signal when to trade, which asset to trade and at which expiry. This is particularly beneficial to new Traders who have as yet to understand the mechanism of the Trading Market and charting. Market data is also a great support service which is offered by Tradorax alongside a free education Centre. It is a one stop shop for all your Binary Option Trading requirements and makes it very easy for a Novice trader to start taking baby steps in trading. Tradorax offer LIVE SESSIONS, webinars and training – where new Traders can trade alongside professional traders with a proven track record and get a free online education.
TYPES OF ACCOUNTS
Six types of accounts are offered by Tradorax
MINI, SILVER, GOLD, VIP, SAVING ACCOUNT AND SELF-MANAGED ACCOUNT.
Your dedicated manager will explain the benefits of one account over the other – but of course this is relative to the amount being deposited in the account and turnover volume. As always we warn New Traders not to deposit more than they can afford to loose. Binary Options Trading can be a lucrative business but also carries a high risk of loss.
A New Trader should start with a mini account – requiring a funding of just $200. A bonus of up to 100% is usually offered immediately to new traders when opening an account. BEFORE Accepting a deposit, discuss with your manager, what your obligations as a Trader will be upon accepting the Bonus. It is usually a minimum turnover value. Tradorax have a tablet and Mobile app – which make it easy for Binary Option Traders to track or place trades when on the move.
Tradorax is not CySec regulated and that is possibly the reason why they can still entertain accounts with US Traders. If you are trading within Europe – we recommend that you trade with Our Recommended Brokers – who are Cysec regulated. These include:
Although Tradorax are a relatively new Broker on the Binary Option Market, they have already proved to be very successful mostly due to the fact that they have a great platform with a good interface and many products to trade. They have an excellent support team, and they have had not issues with pay-outs or unfair leveraging. A good track record is what constitutes a good broker.
Tradorax is BinaryOption Sheriff approved.