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TRADORAX

TRADORAX

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Tradorax – IS BINARY OPTION SHERIFF APPROVED WITH 5 STARS RATING

 

Update 2016.05.13 – Tradorax doesn’t accept U.S traders any more.

 

CHECK LIST DESCRIPTION SHERIFF RATING
MINIMUM DEPOSIT $200
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
LIVE TRADING YES
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
LANGUAGES MULTI LINGUAL
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.

tradorax-platform

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.

SUPPORT

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

tradorax-account-types

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.

REGULATION

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:

24-option-logo

 

top-option-logo

 

anyoption_logo

 

CONCLUSION

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.

OPEN ACCOUNT WITH TRADORAX HERE

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Comment(44)

  1. I have been trading binary options through Tradorax for 8 months and I can recommended to anyone, very intuitive platform, and great support

    1. Thank you for the update Izzi. We also find that the Tradorax platform is easy to navigate. It is also one of the few Binary Options Brokers that accepts U.S. Traders

  2. I’ve been trading with different brokers for a lot of years now. I’ve been scammed a lot of times. With others that were ok the profits weren’t so good. I found about Tradorax 2 years ago when they were still young but decided to give them a go and I can say that’s one of the best decisions that I’ve made. We discuss with my account manager some advanced strategies that give really good results. Tradorax is awesome if you’re searching for some advanced trading strategies.

      1. It says on your website that if I lost money with Tradorax, I can ask for your assistance. Can you help me? If so, I will give you the details of what happened to me.

    1. REGULATION NOTICE: There are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Beware of where you invest in and if you lost your money, ask Sheriff for assistance.

  3. I am not full time trader and don’t like to spend too much time trading. Tradorax has this great feature called 60-second trades that you can see if you’ve won a position in just a minute. This way I get my daily dose of trading adrenaline in only 15-20 minutes that are enough to make some sweet cash

    1. The services offered by Tradorax are vast and wide but best of all these are Brokers who honour their obligations

  4. Before I started trading with tradorax, I was under the impression that it is not easy to understand how this world works. I researched a lot and spoke with friends that recommended trading. I found that their platform is very friendly and easy to understand, with every question I have, I speak with my broker that makes my trading easier. My goal is to continue trading and making enough money to travel the world.

  5. I’ve been trading with Tradorax for a while now and so far I managed to withdraw my money so I’m pretty happy with them.

  6. I was looking for a productive way to invest money for my son’s university fees. I wasn’t expecting to make such an investment! I have now received way more than I expected and am looking forward to an early retirement. My account manager at Tradorax has been more than fantastic in guiding and advising me to make the right investments at the right time. He has almost become my best friend.

  7. I find the Tradorex platform to be very effective.
    The minimum of $200 as opposed to the usual $250 was actaully kind of nice.
    However some of their agents weren’t as nice, anyone else notice that?

    1. it’s important to have good account manager. Maybe you should request someone else to be your account manager.

  8. Been trading with these guys for about 4 months now, they are more than okay, and my personal account manager is one of the nicest girls in the business, pretty too!

  9. REGULATION NOTICE: There are many binary options companies which are not regulated all around. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). Beware of where you invest in and if you lost your money. Ask Sheriff for assistance.

  10. Listen up,there is something you don’t know yet about binary trade. some BINARY/FOREX options brokers are not regulated and are already flagged as scam brokers. These companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). We warn all traders of the dangers of trading with such entities and strongly advise that they take legal advice on this. TO BE A SUCCESSFUL TRADER, If you don’t have a good strategy and signals or trading with not regulated broker, you will definitely loose all the money you have invested in your broker account to your brokers and you will find it difficult in withdrawing your funds from your broker account. Like I was doing before, until i applied the PROFITABLE STRATEGY to my brokers account.The PROFITABLE STRATEGY is the strategy that is helping me. I have $66,640 in my trading account and I started the account with $550 and I have been trading with it for a months now. Meaning I have profited $66,090 With $550 deposit in just a months with the help of this profitable strategy which i have successfully withdrawn my funds.

    1. Your story sounds similar to mine. HOWEVER, have you tried to withdraw any money yet?
      If you have, please let me know about your full experience. I have $74000 in my account with them. I have been trading with them since January 2015 and I tried to withdraw $25000 last week. They have now prevented me from trading and won’t take my calls!

  11. Alvin’s comment made me go and talk to my broker about the whole regulation issue.

    From what I gathered with Tradorax, althrough their brand name (Tradorax) is not regulated, their platform is in fact regulated, and their brand name is in the process of being regulated by a company called CySec. I’ve never had an issue with them regarding withdraws or anything of the like. I hope this clears some fears any of you had had.

  12. I am an American trader and reading this comments makes me nervous. I phoned my broker in Tradorax and ask to make a withdrawal – just to be on the safe side. I had to do their verification process and I got my withdrawal within a week from sending the paper work.

    1. I suspect that those of you that are happy with Tradorax: either you have not tried to withdraw any money, or the amount you have withdrawn is relatively small.
      Here is my story:
      I have been trading binary options through Tradorax since January 2015 and I would like to make the following points:
      They contacted me in July to tell me about a new promotion which they were “only offering to their good clients. They said that if I deposit another $5000 dollars with them, I would have a month of risk free trading. I asked if there were any conditions attached and was told “no”. I insisted that the analyst – Marcus Davis (who has since left the company) – sends me in writing, that the replacement of my losses would not affect my bonus figure i.e. the amount I have to wager before I can withdraw my money. He did so and I traded for a month and asked my account manager – Christopher Johnson – repeatedly, what was the advantage for Tradorax and every time I was told that they want to entice their good customers into making larger trades. I was also told that this would help me to reach the amount I need to wager much faster. Subsequently, I had all my losses put back into my account and they then offered me a second month of risk free trading for another $5000 deposit! I eagerly entered into this after I asked Mr. Johnson again, what the conditions for this promotion were and he replied that they were exactly the same as for the first promotion so I carried on trading large amounts. A few days into the second promotion, Mr. Johnson finally reveals to me that I have to wager 10 times the amount that was refunded into my account for both promotions. After many conversations and using the email Mr. Davis sent me as proof, I was told that I would not have to wager extra money for the first promotion. However, the rules stood for the second one. After a month I asked if , instead of Tradorax replacing my losses for the last month, I could rather withdraw the money I deposited with them. At this stage, they hadn’t lost anything and I had wagered enough to withdraw all my money if I wanted to. They totally refused this even though they had not held up all their promises; they were supposed to have a senior analyst trade on my behalf twice a week for the duration of the 2nd promotion. This had only happened once in the first week and then never again even though I reminded Mr. Johnson of this several times. So now I had to trade over $1,000,000 before I could withdraw ANY of my money.
      This point is even more disturbing: In the last few weeks I noticed the following: Whenever I try to place a trade (PUT or CALL) on a Binary Option, they do not allow me to place the trade unless the price has moved against me (compared to the price when I click ‘Buy’).In addition, they now alter the price that I have just bought on by up to 50 pips against me. So my chances of winning are so much less.They used to stick to the pricing very well as I monitor them very carefully against other sites but they must have decided that they are not making enough money. I think that this practice is underhand and when I told my account manager – Mr. Johnson – about it, he emphatically denied it and told me that he was ‘personally’ insulted. The evidence is there so it makes no difference what he says or thinks. I also escalated this to a Mr. Steve Goldman and the best they could offer me is that they would allow me to withdraw $2000 but I would then have to wager another $200,000 (plus the large amount of $1.4 million) before I see my money. I obviously did not consent to this. The amount of $1,400,000 was calculated by Tradorax and I managed to get this in writing from them. All of this took place around September 2015.
      I have now wagered the amount of $1,400,000 that I was forced to do by Tradorax and still had $74000 left in my account – this is about #50,000 more than I deposited with them so I felt I had made a very decent profit. I tried to withdraw $25000 out of my account on Friday 22nd July 2016. Their system actually accepted my withdrawal request and reduced my account balance by $25000. However, I have not received any money from them at all.
      When I tried to log in to my account after the weekend (25th July), my password had been reset by them.
      What followed was this: They have entered long term trades up to the full value of what I had in my account when I requested the withdrawal ($74000), to expire 29th December.
      When I called them this morning, they reset my password saying that ‘there must have been a problem with their system’ and I logged in only to find $4.28 left in my account with the long term trades for the full $74000. In addition, in their ‘History’ section, it showed that my withdrawal had been cancelled.
      I tried calling back and kept on getting through to the same rude woman ‘Valerie Grey’ who refused assist me any more, refused to put me through to anyone else and would not give me the name of any senior manager within the company. She said that they will contact me in a couple of hours.
      I am still waiting!
      It is now a day later and they have again blocked me out of my account!
      This is extremely worrying for me as I am also retired and was (stupidly) depending on that money – which is a very large amount.
      Any assistance would be very welcome.

      1. Oh, if your password was reset by them without your knowledge, try logging into your account using password 123456 – that was the default password they set for me. They also reset the password to my account without my knowledge and consent as well. That should have been my first warning sign!

    2. Hi Don,
      Would you mind telling me how long you have been trading through Tradorax and how large was the amount you withdrew?
      I think they might be crooking me because I a trying to withdraw a large amount (all hard earned by myself)
      Thanks.

      1. Tradorax are legitimate brokers. However you should never allow a large balance to accumulate with any broker. When you are happy with your profits you should withdraw and start over

        1. I am very happy that you believe Tradorax is legitimate. Can you tell me why you say this and why I should not have a large amount of money with any borker?

        2. Tradorax are definitely NOT legitimate brokers. If you want to know why I say this, I would be happy to share my experience with you.
          For the sake of the credibility of your website, I would suggest that you do some more digging.

  13. People have lost so much in binary options, that is; Traders have failed to withdraw profits made from binary options, failed to use the right strategies when needed, failed to engage with the right broker, not giving their trade a break, also having too many trading accounts which is one of the cause of their lost of funds, deposits of too low or too high amount of funds and most especially, not being able to present the full history of their trade when trying to withdraw their profits.
    If you are out there and having problems such as these or you are a beginner, or for a good reason need to raise your standard of living or you have been scammed or you have problems withdrawing profits made from your recent trades.

  14. I’ve been trading with Tradorax for the past 4 months and at the moment, I do not have any complaint. Their brokers are both professional and friendly, and apart from a (slightly long) verification process, withdrawing and depositing with them is as easy as a trip to the market.

  15. Hi everyone, up till a few months ago I was still living at my parents home (I am 28 years old). I had difficulties finding the right job for me and it took me forever to figure out even what direction I want to go down. Tradorax was the best solution, I moved out of my parents house a few weeks ago and I can still try figuring out what I would like to do (long term) while making good money on the side. Definitely recommended!

  16. I must say I really do like their mobile app. If an oldie like me can use it, anybody can. With that being said, I wish they could give you a trial with a 100$ deposit or so to open an account, at first I was afraid investing those 250. That would be an improvement for new traders. Overall it’s a nice easy way of making side money, had some good quick trades with them

  17. For those of you that say that you have been able to withdraw your money from Tradorax, I would love to know whether those were small or large amounts. I suspect that all of the posts here that say Tradorax is “wonderful”, have been posted by Tradorax themselves. I would also like to know what association this website (Binary Options Sheriff), has with Tradorax. Do they pay you to give them good reviews, because you don’t seem to take any notice of the bad reviews and your rating for them has not changed even after all the information I have given you? Please help me to understand this. If you don’t respond then I will assume that either Tradorax owns this site, or they are giving you something I return for good ratings. Thank you – in anticipation of your assistance.

  18. They’re not as advanced as other platforms, I can tell because I’ve been using their platform for a year now along with other platforms, but I’ve never felt like the withdrawing process with them was challenging and that’s something I cannot tell about other platforms unfortunately.

  19. Their withdrawal process is quick and easy, but I wouldn’t say they have the most professional platform on the market. With that being said, if you’re a beginner or just looking for an extra platform to trade on, then yeah, go for Tradorax, and stick to their short term trades!!

  20. Tradorax was my first experience with binary 🙂 And thanks to that experience, I was able to earn the initial profit I needed in order to open my business. My small business is my world currently so I would always speak in praise of Tradorax. Stick to their account managers! They know best.

  21. I think their platform is very user friendly and I really like the fact that they have an online chat you can use while you are trading, it makes you feel safe 🙂

  22. We agree with Neri Credo … We have a 10000 withdrawal from Nov.22 that we haven’t seen in our account yet. My wife received a call from a guy by the name of Edwin on Tues. Dec. 6 He said that he would call back with an ARN number to track progress but has not call since. He was also rude as far as talking to her. My account manager’s plan at that time (Nov 22) was to withdraw 10000 but to charge back 5000 for him to invest. We said money first He has already maxed our CC’s .. He was supposed to pay cards on a monthly basis 3500 but has not lived up to that either.. As far as we see this client satisfaction is a big ZERO. Now he also doesn’t want to be our account manager cause we keep an eye on him. Also he put a bunch of long trades in w/o our permission and said they are good trades.. I don’t think I need to say more but I will if pressed..

    1. Thank you for your comments which we have posted for all subscribers to see. We are not moderating this even though we have not checked credentials. Please email us so that we see whether you have a case to take this to the Traders’ court

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