*Important notice: May 2016, Tradorax will stop supporting US traffic in June 2016.
Tradorax is one of the newer brokerage companies present in the binary market. This brokerage company is owned and operated by Alpha Capital House LTD, London, UK. Traders can find out more about this broker in Tradorax review that follows. Learn about features, software, support and banking methods before depositing with Tradorax!
This binary newcomer has already built a status of important binary broker on the market by bringing Tech Financials platform. Although it is a new company, it claims to be funded by experienced brokers who are experts in the world of financial trading and binary options. They promise to offer efficient features and secure and safe trading environment. The experience of these brokers has allegedly chosen the best trading assets and variety of trading options. Read Tradorax Robot review and meet the Tradorax!
Trading Software and Assets
Tech Financial platform has been already mentioned in Tradorax Robot review. Tech Financial is a simple platform that will fit all kinds of traders. It is very fast and includes binary and Forex trading on the same platform which is one of the most important trading factors.
The visuals are minimal and easy on eyes, especially for traders who spend a lot of time in front of the screen. Platform navigation focuses on trading aspect, so traders have a better look on their trading assets. Tradorax offers a variety of over 100 trading assets that include commodities, stocks, currency pairs and market indices.
Features and Trading Accounts
Traders are offered to trade: High/Low, Boundary, One Touch, Long Term (including an end of the week, end of the month, out to 6 months or even more), and Short Term (60 seconds, 2 minutes and five minutes) and more trading types. To bring maximum ease of use Tradorax provides Early Close feature. Tradorax offers six account types brokers can trade with: Mini, Silver, Gold, VIP, Saving Account and Self-Managed Account.
Tradorax Mini Account
Every trader can use Tradorax through the web and mobile platform, no matter which account he registers with. Traders are encouraged to us Education Center access to get a better insight into binary trading methods. Mini account doesn’t offer extra profit for trades. Tradorax has offered to their clients to use personal broker once in a week. There are educational lessons included for traders who want to find out more about trading and get some extra skills.
Tradorax Silver Account
This account includes the web and mobile platform, access to educational center and 2% extra profit for every trade. Tradorax awards their traders by giving them free lessons and extra profits for successful tradings. The silver account includes two days of personal broker and lessons four trading lessons. There is also available to reach the signal group and 0,5% of cashback.
Tradorax Gold Account
Includes 3% of extra profit for every trade, 3 days of personal broker and six educational lessons which can improve trading skills. Traders can use signal group and they are approved to get 1% of cashback. Tradorax has given one risk trade that traders can use once per month.
Tradorax VIP Account
VIP Account includes the same features like previous accounts with 4% of extra profit for every trade ad 4 days of the personal broker. Traders that are registered with VIP account have access to all eight educational lessons, they have 2% of cashback and two free risk trades per month. For Saving Account and Self Managed Account traders have to contact their broker in order to register.
We have been very surprised when we uncovered the vast amount of educational materials available for all traders. Their website is concepted as a little online library offering video library that includes options trading, advanced courses, trading guide and VIP area. Trading basics section is divided into two categories: beginners and advanced traders.
We recommend traders to use this educational videos in order to improve their trading knowledge. Tradorax includes big FAQ database where traders can find a lot of answers to basic questions regarding binary options trading. Every binary trader should be informed about important financial happenings on the market. This information can be found on Tradorax website under Economic Calendar section. The Economic calendar helps traders to decide about their trading strategy so it is often used as one of the most important trading tools.
Customer Service and Support
Tradorax broker claims to put its clients in the first place. They are trying to keep their customers happy is to provide quality support available in more languages. Traders can reach Tradorax customer service through chat, Skype, email and phone. Available telephones can be reached on a global basis in Australia, Africa, Asia, US and in Europe – Switzerland, Germany and UK.
Banking and Security
This binary broker claims to have extremely high standards for security of their client’s funds. The whole website is protected by 256 bit SSL encryption technology. The process of funds transmissions is additionally protected with McAfee (Hacker Safe) and Secure Sockets Layer.
Tradorax Deposit Methods
Tradorax Robot account offers multiple methods to deposit funds: credit cards, debit cards, Wire transfer, CashU. It is important for traders to know that if they use credit or debit cards that the name of the credit card must be the same as the name on their account. Minimum deposit for a credit card is 250 USD, GBP or EUR. Tradorax Robot accepts Maestro, Visa, MasterCard, and Diners.
If they deposit through Wire transfer, traders should know that there is an extra 25 USD/GBP/EUR fee for transfers below 500. Tradorax needs the copy of wire transfer in order to complete the deposit transaction. If traders use CashU, they will visit CashU website and make the deposit through it. Minimum deposit for CashU is 250 USD/GBP/EUR.
Traders can determine which currency they want to use at the beginning of registration with Tradorax. The same currency is going to be used for all further transactions and this setting can not be changed afterwards. Minimum deposit is $250 and minimum trade amount is only $25.