Tradorax was founded in 2014 as a new and exciting broker composed of experienced traders who had had a lot of prior experience in the financial market. Immediately upon being founded, Tradorax received a lot of attention and praise both from their clients and from various expert agencies who conduct various quality assurance analyses. Over the past few years, this reputation has continued to grow, so it is not much of a surprise that we decided to carry out our own Tradorax Review 2016. Below is all the relevant info on this broker, so let’s get started!
Tradorax Review 2016 | Trading Platform
For the purposes of this Tradorax Review 2016, we both conducted a deep analysis of every segment of this broker’s offer and opened an account with them to make a few trades, just to see how well it all works. First of all, Tradorax’s trading platform is completely web-based, which means that you will never need to download any custom software and that you will be able to trade on it no matter where you are and when you want to open a trade. This is because Tradorax also offers a mobile app along with their standard trading platform. This application can be downloaded from Google Play and it provides you with the option of trading even when you are not near your computer. Of course, the app is completely free. Once you get to trading itself, you will notice that Tradorax has a great variety of assets to choose from: over 30 currencies, 11 commodities, 50+ stocks and over 20 indices. They can all be traded in various trading modes: High/Low, One Touch, Boundary or Short Term. What this means for you is that, no matter your preferences, with Tradorax you will be able to find something that fits you perfectly.
Tradorax Review 2016 | Accounts
This next section of this Tradorax Review 2016 will deal with the accounts on offer by this broker. There are four basic accounts types: Mini, Silver, Gold and VIP. All four accounts come with access to the web and mobile platform and the education center. Additionally, you get access to a personal broker – owners of the Mini account can do so once per week and owners of the VIP account can do so up to 4 times a week, which is truly fantastic for any trader. Larger accounts also get additional trading lessons, a cash-back option (up to 2 % for VIP traders), risk free trades and an extra percentage added to every trade (up to 4 % for VIP traders). Compared to other brokers, these bonuses are fantastic and we were hard pressed to remember a broker that provided benefits in such staggering amounts. There are two additional accounts types – the saving account and the self-managed account, and if you wish to open one of these accounts, you need to contact the broker and arrange the details of it personally. All in all, the account options provided by Tradorax are fantastic, and as you will see in the following section of this Tradorax Review 2016, so are their withdrawals and deposits.
Tradorax Review 2016 | Withdrawal and Deposit
First of all, we must mention that you do not need to make a deposit in order to complete the registration process. However, in order to start trading with Tradorax, you will need to make a minimum deposit of 250 USD/GBP/EUR or a local equivalent. Deposits can be made with credit/debit cards (MasterCard, Maestro, Visa Electron and Diners), wire transfer (500 USD minimum deposit and any transfer below this amount carries with it a 25 USD fee) and CashU (minimum deposit of 250 USD). Regardless of which option you choose, Tradorax will process your request within 5 business days.
Since we analyzed withdrawals quite thoroughly in our Tradorax Withdrawal, we won’t go into as much depth in this Tradorax Review 2016. However, we will mention that the withdrawal process is extremely simple and quick, and it can be carried out by credit card, CashU and wire transfer. Wire transfers have a 25 USD processing fee, which is a smaller amount than we are used to in the industry, and credit card and CashU withdrawals are free. Another nifty feature is that if you ever change your mind about a withdrawal, you can simply cancel it from the Banking tab of your account.
Tradorax Review 2016 | Education and Support
In one of the previous sections of this Tradorax Review 2016, we mentioned that Tradorax clients are provided with trading education. We have been through numerous such education courses and we are experienced traders ourselves, but it is always interesting to see what a broker offers in this regard, and what they deem important for their clients. After a long hard look, it is our conclusion that no matter what you wish to learn about, Tradorax has you covered. Not only do they cover all the important terms used in the financial market, they will also explain what mental state you should be in before and while trading, and you will even be provided with a guide on how to start carrying out your trades. As if all of that were not enough, Tradorax support team is always at the disposal of their clients and you can contact them via e-mail or even via live chat on their website. We tested these venues of contact a few times and their response time has always been exceedingly quick. So, they have the options you need, the support you deserve and the bonuses you want, but what about security? Check out the next section of this Tradorax Review 2016!
Tradorax Review 2016 | Safety
Well, to put it short, Tradorax is safe to trade with. Since we covered this topic in our Is Tradorax a Scam, we won’t go into detail, but suffice to say that they use a 256-bit SSL encryption technology, PCI certified service providers and a True-Site identity assurance seal on the website. If you are an experienced trader, you know what that means, and if you are not… Well, it means that Tradorax is abiding by their promise to provide their clients with the best possible safety standards possible, and our analysis confirmed this over numerous tests.
Tradorax Review 2016 | Conclusion
On today’s market, it can be difficult to find the right broker; one that has all the features you are looking for. We honestly believe that regardless of what you are looking for, you should give Tradorax a chance. It has been quite a while since a broker passed all of our rigorous tests with such flying colors as this broker did for this Tradorax Review 2016, and that has got to stand for something. If you are looking for a broker that will fulfill all of your binary options dreams, look no further – open an account with Tradorax.