Is Tradorax Scam Binary Options Broker or Legit Platform? •
• 100% Professional & Objective Tradorax Broker Review •
Account Types, Deposit + Withdrawal Methods • See Below!
|Headquarters||35-37 Ludgate Hill, London, EC4M 7JN, UK. AM Capital Ltd.|
|Support Types||Live Chat, Phone, Contact Form, E-mail, Skype|
|Minimum 1st Deposit||$250|
|Minimum Trade Amount||$25|
|Free Demo Account||Open Demo|
|Account Types||Mini, Silver, Gold, Vip|
|Deposit & Withdrawal Methods||VISA, Master Card,Neteller, CashU, Skrill Moneybookers, WebMoney, Qiwi, Wire Transfer|
|Number of Assets||120+|
|Account Currency||EUR, USD, GBP, RUB, JPY|
Tradorax is one of the broker platforms you can find mostly positive feedback on the web. If you are interested in online investments in binary options, it is a very good alternative for that purpose.
Regardless if you have a lot, some or no experience with online trading, on the Tradorax broker platform you can find all the resources necessary for making successful investments.
In the following review you can find detailed information on what Tradorax has to offer and what are its terms and conditions for trading. Tradorax is not a scam broker and it is worth your time to consider it as your trading partner.
How to Use?
You can start trading the moment you fund your balance with the minimum required initial deposit. Tradorax accepts the minimum for the industry – $250.
The trading platform is easy to navigate and even a novice would be able to place a trade. Choose the asset type you prefer – stocks, currency pairs, commodities or indices, Tradorax gives you access to more than 120 assets of the four types.
See if you can trade the asset under the binary option type you want to invest with – High/Low, Boundary, One Touch or Short Term/Hyper options. Set an investment amount for the trade you want to execute and place it by purchasing a Put or a Call option.
Upon expiry, you will receive a fixed return in the form of a profit, if your trade finishes In the Money, or you will generate a loss, if it expires Out of the Money.
Tradorax is among the few brokers which give you the chance to also undertake Forex trading directly on the Forex markets. If you are interested in that, you can invest on Forex through the same account you have funded for the purpose of binary options investments.
No Software to Download
The Tradorax platform is available online. There is no need for you to download pieces of software to install on your device. You can trade from your browser regardless of your operating system. The only condition is to have a stable Internet connection.
You can choose to download the mobile application for Android clients, if you want to trade from your phone as well.
Review Verdict: Tradorax is Not a Scam
Visit Tradorax Official Website
How to Begin Trading?
You are three steps away from placing your first trade on the Tradorax platform:
- Free Sign Up – you won’t have pay fees for the maintenance of your trading account, it is entirely free to become a client of Tradorax’s services.
- Fund Account – you can fund your balance with the accepted minimum of $250 or make a bigger initial deposit to acquire a higher account type.
- Start Investing – access the trading platform and place your first trade.
Return on Investment
As a client of Tradorax you can expect an average payout and returns of 85%. This is very good, considering the fact that the best brokers of the industry gravitate around this payout percentage.
Of course, your payouts per trade will vary according to their risk and expiry, as well as binary option type. Some of the upgraded account types offer higher returns, too.
As stated above, opening an account with Tradorax is free of charge. The made initial deposit is not a payment – it is capital for you to use in order to make investments.
Tradorax Broker – Scam or Legit?
We can safely conclude that Tradorax is not a scam broker. It is a reliable platform for online investments. A proof for that are the amounts of positive feedback we found, but also the strict security and safety rules followed and applied by the broker.
Your personal information is encrypted and kept safe thanks to the SSL encryption of the website. Along with that, your funds are also kept in segregated accounts and you need to be able to verify you own the account balance before making any fund transfers.
Account Types of Tradorax
You can open a basic Mini account with the minimum deposit of $250. Alternatively, there are three higher account tiers which offer different features, including higher payouts and cash-back guarantees to a given level. You can consider their advantages upon registration and fund the account you prefer.
There are also two additional account types – Saving and Self-Managed. Information for them will be made available after you contact a broker of the Tradorax team.
Account types at Tradorax come with various bonus, which you can receive after you fund the account. The bonuses vary between 50% and 200%.
How to Deposit & Withdraw at Tradorax?
You can choose between five currencies to make your initial deposit in – the Yen, the Euro, the Dollar, the British Pound and the Russian Ruble. Tradorax is among the very few brokers that allow such a wide variety of ways to deposit.
You can use wire transfer, which will be taxed with $25 if your initial deposit is below $500. You can also fund your balance via credit or debit card, or e-wallet. The minimum for them is $250. Withdrawals will be carried out via the same method in which you have deposited funds. Your withdrawal requests will take a couple of days to be processed and completed.
Competitive Advantage of Tradorax
Tradorax has proven itself to be reliable and trustworthy as a broker. It is already a solid competitor for the well-established names in the industry. It also offers the following features:
- Client Protection Insurance
- Premium Signal Service
- Direct Forex Trading
These, along with the asset types, educational resources and high payouts, Tradorax is one very profitable binary trading partner.
The support service provided by Tradorax is available 24 hours a day, six days a week. You can contact the team if you need assistance via e-mail or live-chat. You can also contact them via phone – on the website, you can find seven international phone numbers for their clients.
The broker I used to trade with before Tradorax had a very unreliable withdrawal procedure compared to these guys. I have rediscovered the pleasure of trading and profiting with a reliable broker.
Tradorax is always processing my withdrawal requests in a timely manner, regardless of when I submit it and the amount it is of.
Cedrick, 52, Scotland
What I have always disliked about so many brokers in the industry is the lack of adequate support. Never had this problem with Tradorax. It is probably the only broker I did not refuse to join because of its customer support.
These guys provided me with all the information I needed to begin trading and they have answered each of my questions I have had so far. Tradorax is definitely a broker that cares about its clients and this shows in their attitude towards them.
Paola, 44, Tuscany
Tradorax is one of brokers with growing popularity. This is due to the fact that it offers a safe and user-friendly trading environment combined with high payouts and profitable opportunities.
Our investigation managed to find a lot of positive feedback regarding Tradorax. It is a legit broker that can help you have a fruitful trading experience online and we recommend it.