We have found out that Tradeolocity is not a reliable broker and decided to blacklist it. 7 Binary Options does NOT recommend trading with Tradeolocity.
We recommend choosing one of our top binary option brokers instead:
Try also Binary Option Robot if you are looking for automated binary trading.
In performing a review of Tradeolocity, we found the service to be outstanding and the platform very easy to use. It’s a binary options trading platform which performs the function of acting as a gateway for clients to access financial markets. We found it to be an excellent option for finding suitable opportunities for investment by providing investors with easy and useful access to an array of worldwide markets. Our experience with Tradeolocity was that it made trading very simple, with a platform that is easily understood and simple to use. Tradeolocity made it easy for us to keep track of our investments and control our risk in association with losses and returns. Tradeolocity is an excellent platform for investors with a wide variety of experience, from beginners to seasoned veterans.
Online since: 2013 Jurisdiction: Virgin Islands Software: Tradesmarter Max Returns: 85% Bonus: 100% Minimum Deposit: $200 Minimum Investment: $5 Maximum Investment: $5000 Currencies: USD & EUR & GBP Mobile: Yes Countries: All nations excluding USA
– Excellent returns – Lucrative deposit bonus – Quick withdrawals – Easy to use
– Customer service only in English
7 Binary Options Rating:
Tradeolocity has many bonuses for those who trade on binary options using the platform. It has welcome bonus which one gets when they make an initial deposit of a particular amount depending on the account. The starter account gets an entry bonus of 30%, pro account 50% and VIP account 100%. There is the redeposit bonus, which is availed upon one re depositing a particular percentage of the deposit value.
While reviewing Tradeolocity, we had the opportunity to complete various types of trades and got a basic understanding of the returns available. According to the risk a trader was willing to assume, the returns could be 80% or more. For 60 second trades, returns on trades which finish in the money are about 80%, while overall returns can range between 70% and 500%. Tradeolocity offers traders a sound way to control their risk, as well; the Risk-O-Meter allows insurance up to about 30% of the initial investment.
Types of accounts
There are three types of accounts available through the trading platform at Tradeolocity. The first of these is the Starter account, and requires an initial deposit of at least $250, but not more than $999. The Pro account is one step up from the Starter account and requires an initial deposit of at least $1000, but not more than $9999. The top tier account is the VIP account, and it requires an initial deposit of at least $10000. Accounts are also available which are suitable for Muslim traders who wish to follow Sharia la.
While reviewing Tradeolocity, we were able to make trades on several different assets, including stocks, indices, commodities and currencies. We traded stocks like Barclay’s, Apple and Amazon and we also were able to trade on various indices, including Dubai index futures and Dow Jones. For commodities, we traded perennial favorites like natural gas and copper futures, as well as gold, among others. Currencies traded included EUR/GBP and other popular pairs.
Deposit methods and withdrawals
After opening an account, depositing money is easy. One only needs to click on deposit funds button and then select the method of payment. This can be either using a credit card, debit card, wire transfer or ewallet. Withdrawal is done using the same method in which the deposit was made. To withdraw using a credit card requires one to have made a deposit using the same card. A withdrawal takes 2 business days to be processed and once approved; the funds take 3 to 10 days before they reflect on the account.
We found the customer service offered by Tradeolocity to be excellent. The professional staff was eager to help us resolve any problems we ran into, as well as to answer any questions that came up. We found them to be easily accessible for every trader, offering support in multiple languages via email, phone and live chat, six days out of the week.
We found Tradeolocity to be a very useful, easy-to-understand platform which offers a viable and vibrant connection between binary options traders and markets. Their wide range of offerings covered several different markets, offering many different trading opportunities for beginning and advanced traders alike. We found that Tradeolocity is well-positioned to become a real leader in the field of binary options trading. Their offerings for investment are not only intelligent, but also innovative and very profitable. The advanced technology offered by Tradeolocity is second to none, and a boon to traders.
Customer Service: English / Live Chat / [email protected] / Phone: +44-203-432-2001 Languages: English, French, German, Arabic, Spanish, Portuguese, Italian, Russian, Swedish, Korean, Chinese and Japanese Trading Options: Currencies & Stocks & Indices & Commodities Option Types: High/Low, 60 seconds, Above/Below, Touch/No Touch and Range Expiry Times: 30 sec / 60 sec / 2 min / 5 min / 15min / 30 min / 1 hour / end of the day Deposits and Withdrawals:Visa, Mastercard, Bank Wire, Skrill Moneybookers, iDeal, Maestro, Visa Electron, Ukash, WebMoney, Bank transfer Withdrawal Time: 2-3 bank days Demo account: Yes
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