tradorax is a new binary options broker offering both forex and binary options trading. The company was started by a group of passionate brokers with an entrepreneurial spirit. They have created some new options here, while also offering clients the things they expect from a binary options trading system. Upon going to the homepage, you’ll see a nice blue and white design with a scrolling market ticker above the fold. Scrolling down, you’ll see nearly everything you need at once including a simplified binary options tutorial, education center (videos, webinars, glossary, trading guide), available trading assets, account types, and navigation toolbar for more information.
Trading Options and Platform Features
tradorax uses a custom, intuitive, secure platform with 256 ssl encryption. The platform can be accessed through a pc or Google Play, upon which you can choose from over 100 underlying assets including currencies, commodities, stocks, and indices. In order to help you manage your account, tradorax offers a feature I haven’t seen elsewhere–an economic calendar. This calendar lists holidays and important days and their impact on the market. With the high/low option, you can receive returns from 75%-85%, with touch/no touch, you can receive returns from 62%-74%, with boundary and short term trades, you can receive a 70% return.
It is free to register with tradorax, but to trade you must make a deposit of 250 USD/EUR/GBP, or local equivalent for every deposit method except wire (Visa, Mastercard, Neteller, CashU, Skrill, WebMoney, QIWI). Wires have a 500 minimum in the above currencies. There are no fees to deposit unless you want to wire under 500 USD/EUR/GBP. There is a $25 withdrawal fee for all wire withdrawals. Withdrawals may take up to 10 days.
You’ll be pleased to know that tradorax keeps your funds in a segregated account and there is no spread, commission, or leverage on a tradorax trading account.
Bonuses and Promotions
All new accounts get a welcome bonus from 50% to 200%. tradorax offers an extra 2%, 3%, and 4% for every trade on Silver, Gold, and VIP accounts respectively. You may also receive up to 2% cash back and 2 risk-free trades a month. Contact your account manager for special promotions, a savings account, or self-managed account.
tradorax customer service representatives can be reached 24/6 via phone, email, and live chat. Please see tradorax’s contact us page for a list of emails, region-specific phone numbers, and more.
tradorax has one of the nicer platforms out there, and also offers extensive trading options and educational materials.
Pros: custom platform and website, great variety, multilingual
Cons: not regulated
Support Options: Email, phone, live chat
Languages: 22 languages