Tradorax Review: Tradorax is one of the broker companies in the binary options trading industry which starts operating a few years ago. Merely new in the industry but within this short period Tradorax performs well with the expertise of the developers in the world of binary trading. The owners of this company are the professional brokers who are much experienced in binary trading.
In the binary trading industry, there are so many broker companies that you will be getting confused which one is legit and which one is a scam. Most of them are decent and offers a decent amount of profit depending on your investment. As you know, binary options trading is a great place of making money and that’s the reason that some brokers used it as their media to involve the people and they start a scam. They pretend to be genuine and offers many attractive outcomes and some people easily get connected with them. And the scam starts with them.
In every field of business, there will be always some fake traders along with the legit ones who are always in a chance to grab the trading market. A little research over web and customer feedback are the main thing that a person must do before getting involving with any broker company in the industry. And Reviews are the best thing which shows you the best and worst both the part of it. In our Tradorax review, you will get to know every detail of it.
Is Tradorax a Scam or Legit? Read This Tradorax Review by James
Tradorax is the binary trader company operated and owned by AM Capital Ltd. Due to their ease in market operating, they are much popular broker now. Also, their assets are much higher in number including stocks, indices, commodities and currency pairs etc. They follow some simple basic rules in the binary trading.
Signing up with them is really very simple. They use Tech Financials web platform software and this software is working well and much easy to understand. And they support a wide range of deposit and withdrawals over a credit card, debit card etc. Various types of trading accounts they offer with welcome bonuses depending on the investment. Basic three trading instruments are there which the company offers, they are – High / Low, Touch / No touch and Boundary options which are further operated with the speed of one-touch and 60 seconds varieties.
Payouts are available in between the range of 70% – 85% based on the trade account and option you selected and on investment. No download, nothing is required. Also, there are mobile apps through which one can trade at any time from anywhere. Customer support team is helpful and will give their assistance over the phone by 24 x 6 trading days. Also, their software and the website is highly secured by 256-bit SSL encryption. So, the transactions are safely made here.
Tradorax – Overall Features:
Here are the features of Tradorax that you must know.
- Founders of this company are the professional experts who have better knowledge about the market.
- Operating on TechFinancials platform.
- Their assets list is high. Over 120 numbers of assets including currency pairs, indices, stocks and commodities.
- The payout from 70%-85%.
- Rebates on losses are there if applicable.
- Free registration. Start with the initial deposit of $250.
- The minimum investment is $25.
- And maximum investment is $1000.
- Currencies that it supports are – USD, EUR, JPY, GBP.
- A total of 4 trade accounts – Mini, Silver, Gold, VIP with varies in the welcome bonus. Also, provides market strategy, education sessions on trading, eBooks etc.
- Supports mobile application for trade.
- Customer support on 24 x 6 over the phone, live chat, email etc.
- Highly secured by 256-bit SSL encryption.
Trade Account options under Tradorax:
They offer various trade account options. They are
- Mini Account: With this level of account, the investment require is from $250 to $499. Also, account sign up bonus will be there depending on the amount of investment.
- Silver Account: Here, the deposit ranges from $500 – $4,999. With this level of account the account holder will get a beginner – intermediate trading lessons, a welcome bonus that signs up bonus, an increase of 2% in every return in investment, trading signals, cash back (0.5%) etc.
- Gold Account: The Gold account is range from $5,000 to $9,999. Here an increase in return on investment is 3%, also, beginner, as well as intermediate trading lessions, are available, cash back of 1%, sign up bonus and per month 1 risk-free trade.
- VIP Account: Under VIP account one has to deposit $10,000 or over. Also, he or she can access the full trading lessions, cash back of 2%, two risk-free trade per month, an increase in return on investment is 4%, trade signals and welcome bonus on sign up.
Bonuses available on Sign up:
Sign up bonus are available which are varies on the type of trade account one choose. It’s really nice that an account holder will get some extra money on his/her amount of investment. In Binary options trading it is common. Most of the good broker companies give it to their customers on successful signup.
Here, with Tradorax one can get a welcome bonus of up to 200% which will be vary on the initial amount of deposit. Also, with the bonus the company provides some extra facility with the name of promotion like they will give a certain number of risk-free trade per month with the free trading signals.
The support team of Tradorix quite good and helpful. They speak different languages. Also, they provide assistance over live chat, emails, and directly via phone. They are active 24 x 6 trade period. Also, the website is well designed and user-friendly.
Live web seminars, videos and eBooks also provided by them for the better understanding the trade market.
The company has some drawbacks which are necessary to mention. Most of the good broker companies are regulated and operated by an experienced body. Cyprus-based CySEC is the most popular regulatory body in the binary options trading. Interestingly, Tradorax is not regulated by any regulatory body like CySEC.
Another drawback we find during our research that, no demo account is there. Most of the companies provide demo account and generally the free time duration is first 30 days of sign up. But, Tradorax has no demo account.
Final Words – Tradorax Review:
Though they are the newcomer in the industry, but still they have no so many complaints against them and they keep their work pretty much well and we are getting satisfactory feedback from the people. So, the final thought in our Tradorax Review is that they are OK with the trade industry and you can give a try to them.
We hope that this Tradorax Review will gonna help you in your future endeavours.