Nowadays with more and more binary options brokers popping up on the internet offering all sorts of trading features and benefits, it can become overwhelming for a beginner trader. So how do you narrow down your search to find a binary options broker that can turn back the clock and make trading binary options as simple as it used to be? Well, this is where you turn to Tradorax. Founded in 2012, this broker has designed its trading platform to cater for the varying needs of its client base. Here regardless of your trading experience, Tradorax will be able to meet all your binary trading needs.
Established in 2012, Tradorax is a leading binary options trading platform that was founded by a group of professional brokers. Their objective was to provide online binary options traders with a safe and secured environment to trade binaries. With the use of the latest cutting edge trading technology, coupled with a wide availability of underlying assets to trade with, Tradarox has ensured that it has been able to meet the needs of binary traders from all over the world. To ensure that their traders are fully supported, the broker has provided a comprehensive educational centre as well as dedicated support team. The efficiency of the customer support service is further enhanced with the establishment of several satellite offices in a number of countries such as the United Kingdom, Sweden, Norway, Denmark, South Africa, Hong Kong and Singapore.
To provide its clients with access to the financial markets, Tradorax has adopted the TechFinancials powered trading platform. Developed with the latest cutting edge technology and designed to be user friendly, Tradarox’s trading platform is certain to give its users the advantage that they need to win on a consistent basis.
The platform is web based which is a plus point as it doesn’t require any software download and installation. In addition, it is not resource heavy meaning you do not need a powerful computer to run the trading platform. All that is required is a web browser and internet access to run the trading platform and get started trading binary options.
Apart from ease of use, the trading platform comes with all the necessary trading tools that are within close reach. For example, the economic calendar is accessible just by clicking on the button located just below the trading chart. There is also the trade history section to help traders manage their portfolio more efficiently. No other binary options trading platform is as well designed as Tradarox’s trading platform.
In addition to the web based desktop platform, Tradarox has also provided mobile friendly version of the trading platform. The mobile trader which is in the form of a mobile app is available for download at Google Play Store.
In terms of underlying assets, there are 123 different types of assets available for trading. They cover major asset classes such as commodities, currencies, market indices and stocks. The full range of underlying assets which can be found on Tradorax’s asset is as shown in the following table below:
Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, BITCOIN/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NOK, EUR/TRY, EUR/USD, EUR/ZAR, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/CHF, NZD/USD, USD/CAD, USD/CHF, USD/CNY, USD/JPY, USD/MXN, USD/NOK, USD/RUB, USD/TRY, USD/ZAR.
Commodities: Coffee, Copper, Corn, Gold, Gold/EUR, Gold/JPY, Gold/Silver, Oil, Platinum, Silver, Sugar.
Indices: ASX-200 Future, Bombay 30, BUX, CAC-40 future, DAX-30 FUture, Dow Jones 30-Future, DUBAI, FTSE 100-future, Hang Seng Future, IBEX-Future, Kospi 200, Kuwait Index, MICEX, Nasdaq 100-Future, NIFTY-Future, Nikkei 225- Future, Qatar Index, RTS, S&P 500-future, SMI-future, South Africa future, TADAWUL.
Stocks: Adidas, Alibaba, Amazon, Amex, Anz, Apple, AXA, Baidu, Barclays, BBVA, BHP Billiton, BNP Paribas, BP, Cisco, CITIGROUP, Coca-Cola, Dell, Deutsche Bank, Disney, Ebay, EXXON, Facebook, Ferrari, Gazprom, GoldCorp, Goldman Sachs, Google, IBM, ICICI Bank, Intel, JPMorgan Chase, LinkedIn, McDonald’s, Microsoft, Netflix, NIKE, Orange France, Pfizer, Priceline, Renault, Rio Tinto, Royal Dutch, Samsung, Sberbank, SilverWheaton, Societe General, Sony, Sumitomo, Tata Motors Ltd, Telefonica, Tesco, Twitter, Verizon, Vodafone, Walmart, Westpac Banking, Yahoo.
Trading Accounts, Bonuses & VIP Programs
For trading account choices, there are 4 main types of trading accounts and 2 types of investment accounts. These trading accounts include the Mini account, Silver account, Gold account and VIP account. The investment accounts comprise of a Saving account and self managed account.
- Minimum initial deposit $250
- Educational Centre access
- 1x per week personal broker consultation
- Trading lessons 1 to 2
- Extra 2% return on investment
- Educational Centre access
- 2x per week personal broker consultation
- Trading lessons 1 to 2 and 3 to 4
- Signal group
- 0.5% Cash Back
- Extra 3% return on investment
- Educational Centre access
- 3x per week personal broker consultation
- Trading lessons 1 to 2, 3 to 4 and 5 to 6.
- Signal group
- 1% Cash Back
- 1x Risk free trade per month
- Extra 4% return on investment
- Educational Center access
- 4x per week personal broker consultation
- Trading lessons 1 to 2, 3 to 4, 5 to 6 and 7 to 8.
- Signal group
- 2% Cash Back
- 2x Risk free trade per month
For the benefits of the investment accounts, Tradarox does not advertise their benefits openly. Traders who are interested to open these accounts are required to check with customer support. Apart from the benefits that are attached to each type of trading accounts, Tradorax has also provided several promotional offers. These offers include:
- 100% Welcome Bonus
- 200% Deposit Bonus
- 5 Risk Free Trades
- VIP Signals
Deposits and Withdrawals
For supported deposit methods at Tradorax, the main methods include credit cards, wire transfer and CASHU. Alternative methods such as WebMoney, QiWi, SKrill and Neteller are also supported.
For withdrawals, supported methods also include credit cards, CASHU and bank wire transfer. Withdrawals through credit cards and CASHU are free while withdrawal through bank wire transfer will incur a processing fee of $25.
Apart from English, Tradorax’s website is available in Russian and German. To ensure that its clients can get the assistance that they need whenever they needed it, Tradorax has made it customer support service available on a 24/6 basis. Communication with the support team can be done through email, web contact form, Skype, live chat and the telephone. Localized telephone support numbers are also available for the following country:
- Denmark: #4578737452
- Hong Kong: #85230183479
- Norway: #4721403396
- Singapore: #6531572269
- South Africa: #27211003267
- Sweden: #46476700819
- United Kingdom: #442080683538
Extra features and resources
One of the main strong points of Tradorax is its educational centre. To ensure that its clients can achieve the highest possible level of trading education, the broker has provided a comprehensive range of educational resources. These resources comprises of educational videos, webinars, trading guides and online trading courses. There is also a detailed glossary available for traders to refer to in case they are unfamiliar with the trading terminologies used in binary options trading.
From our observations, Tradorax has a lot to offer its traders. For example, the range of underlying assets is certainly more than enough to satisfy the most discerning trader. We also like the fact that they offer very generous bonuses and returns on investments. However, the fact that Tradorax is not regulated by any regulatory agency can be a cause of concern for some traders. Nevertheless given the fact that they have been around since 2012, there is no question of them being a scam broker. So if you are up for the generous bonuses that this broker is offering than perhaps you should consider them as your trading partner.
- Choices of trading accounts
- Generous Bonuses
- Large asset index
- User friendly trading platform
- Unregulated broker
- What Bonuses can I get with Tradorax?
The bonuses that are available at Tradorax include a 100% welcome bonus and 200% deposit bonus.
- What are the payment methods supported by Tradorax?
Supported payment methods at Tradorax include credit cards, bank wire transfer and eWallets such as Skrill, Neteller, CASHU and WebMoney.
- What is the minimum deposit requirement?
There is no minimum deposit requirement at Tradorax except for the initial deposit which is $250.
- How fast can my withdrawal request be processed?
Typically, withdrawal requests at Tradorax are processed within 3 to 5 business days.
- Is Tradorax a trusted broker?
Although Tradorax is not a regulated broker, it still operates by internationally accepted standards and with full transparency.