Tradorax Broker Review
Established in 2014, Tradorax is a binary options trading platform brand that is owned by TDorax. However, the trading platform is managed by a separate company called BetaTech Ltd. Thier office is located at #49 Patriarch Evtimii blvd, Prestige Business Center, 1463 Sofia, Bulgaria. This broker is currently one of the few rare binary options brokers that is still accepting U.S clients.
Online since: 2014
Max Returns: 85%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $15,000
Currencies: USD, EUR, GBP
Countries: All Countries
– a lot of options for withdrawals and deposits
– many user-friendly features and tools
– mobile trading available
– doesn’t offer a demo account
Binary Minery Rating:
Tradorax Special Features
Tradorax has a lot to offer their traders. For example, with their current promotion, they are offering bonuses of up to 200%, the highest bonus level ever offered by any binary options broker. Another interesting feature which makes Tradorax really stand out is the trading charts. Their charts show price details with a time frame of up to a year. This level of detail is more than what any other binary options brokers are offering on their trading platform.
As for trading accounts, Tradoax offers a choice of 4 different types of trading accounts. Traders can choose from a Mini trading account, a silver trading account, a gold trading account and a VIP trading account.
- Mini Trading Account
Access to both web and mobile trading platforms
Weekly consultation with personal broker
Full access to education center
- Silver Trading Account
All the benefits of the mini trading account
Additional 2% returns on investments
Twice weekly consultation with personal broker
0.5% Cash Back
- Gold Trading Account
Include the benefits of the Silver trading account
3% additional returns on investment
3x a week consultations with personal broker
1% Cash Back
1 Risk Free Trade
- VIP Trading Account
Include benefits of Gold trading account
4x week consultations with personal broker
4% additional returns on investments
2 Risk-Free Trades
Take note that the minimum deposit requirement to open a live trading account at Tradorax is $250. Tradorax also recently added 2 new types of accounts, Saving Account and Self Managed Account. However, details about these new accounts are sketchy and you need to get in touch with a customer representative for more details.
Tradorax Trading software
For the trading platform, Tradorax uses the TechFinancials powered trading platform. The platform is the improved second generation platform that allows you to trade spot forex and CFDs on the same platform. This addition of spot forex trading capability is a bonus especially to traders who are not just interested in trading binary options but spot forex and CFDs.
Apart from the ability to trade spot forex and CFDs, the platform also lets you trade binary options with 4 different types of option contracts. Supported option types include the classic high/low options, short term options, one touch options and boundary options. As for the available expiry times for the options, they range from 60 seconds to up to 6 months.
Although Tradorax does not have as many option types as what some brokers are offering, they more than make up for this deficiency with their trading advanced charts. The trading charts offered by Tradorax is probably the most advanced charts around for a binary options trading platform. Not only do the charts cover prices for up to a year, they also come with various popular technical indicators and charting tools that you normally find on the MetaTrader 4 trading platform.
In addition to being an efficient and robust trading platform, the platform is also mobile capable. All you have to do is to download the trading apps for the trading platform from Google Play Store or Apple’s App Store.
Tradorax Support information
In terms of the support services provided by Tradorax, the support team is reachable through email, live chat, Skype and telephone. Depending on which countries that you are residing at, they also provide several localized support numbers for you to call. This is certainly beneficial as it helps to reduce one’s telephone charges when you are requesting for assistance over the phone.
Tradorax Banking Info
When it comes to funding your trading account, Tradorax has helped to make it effortless with their numerous deposit methods. They understand that their traders come from diverse backgrounds and from different parts of the world where the banking facilities can rather be limited.
As for depositing funds into your trading account, Tradorax supports popular credit and debit cards such as VISA, MasterCard, Diners Club, JCB and Maestro. They also accept deposits conducted through web wallets such as iDeal, WebMoney, POLI, CashU, Alert Pay, Ukash, Paysafe Card, QIWI and Inpay. Recently, they also added Neteller and Skrill Moneybookers to their list of supported web wallets.
For credit card withdrawals, the amount is limited to the original amount that was deposited with the credit card. Any amount which is in excess of the permitted amount is then transferred through bank wire transfer. Take note that bank wire withdrawals will incur a service fee of $25 and may require up to 15 days for the money to be fully paid out.
Tradorax provide their traders with one free withdrawal per month. Subsequent withdrawal requests within the same calendar month will be subjected to a service fee of $30. Tradorax also requirethe minimum amount to be withdrawn be at least $100.
Tradorax Company Info
Established in 2014, Tradorax is a relatively new binary options broker. The platform was previously owned by a Marshall Islands based holding company called AM Capital Ltd. Today, the platform is owned by a separate holding company called TDorax. However, the company which manages the trading platform is still the same Bulgarian-based company called BetaTech Ltd.
Customer Service: Email: firstname.lastname@example.org, email@example.com, firstname.lastname@example.org /Live Chat / Fax: + 442033181685A /Support Numbers: +16469346204 (U.S), +442038687870 (UK), + 16472475691 (Canada), + 6442807276 (N.Z), +27105947064 (South Africa), +85258080099 (HK), +6531588541 (SG)
Languages: English, Arabic
Trading Options: High / Low, One Touch, Boundary, Short Term
Assets: Currencies, Stocks Indices, Commodities
Expiry Times: 60 seconds to 6 months
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, iDeal, POLI, CashU, Diners Club, JCB, Maestro, Alert Pay, Ukash, WebMoney, Paysafe Card, Inpay, Neteller, Skril, QIWI
Withdrawal Time: 3-5 days
Demo account: No
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Binary Minery review: Tradorax : 4,5 stars