Tradorax Review

TradoraxThese days binary options traders look to trade with a web broker that makes the sophisticated world of binary options easy for them; that is where the web broker Tradorax comes into play. This web brokerage site is well designed and it reflects the large amount of binary options trading knowledge that is possessed by their design staff. It is a combination that is hard to beat if you want to be successful at binary options trading.

Basic information:

Online since: 2012
Jurisdiction: UK
Software: TechFinancials
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $1000
Currencies: USD, EUR, GBP, JPY
Mobile: Yes
Countries: All including USA

Pros:

− Uses the TechFinancials web platform software
− Has a huge list of deposit and withdrawal methods
− Return on Investment as high as 85% on trades
− A wide variety of account types and features
− Access to their handy mobile trading app

Cons:

− They have no demo account available

7 Binary Options Rating:

4,5 stars

Start trading

For the purposes of this review it must be noted that we chose to sign up for a silver level trading account. We found that at the silver account level gave us a fairly immersive trading experience that over time would certainly benefit any intermediate level trader. Tradorax gave us all the information we needed at that level to both educate ourselves to improve our binary option trading skills and also provided us with the technical trading assistance that was needed to place winning trades too. The silver account level was exactly as described and we were impressed with all the things a trader had available to them to help them trade successfully.

When placing trades with Tradorax we enjoyed the fact we could place trades for as little as $25 or as much as $1000; it gave us the flexibility we needed to place trades that were dependent on the amount of confidence we had in them and the amount of risk we wanted to take. We were also impressed that we could get a return on investment up to 85% on most of the successful trades we placed. That is as high of a return on investment as you will see on most trading websites
Another really nice feature of this binary option broker is that they also offer those that trade with them a convenient mobile app. This means you are no longer restricted to trading when sitting in from of your laptop or desktop PC. You can now trade when commuting to work, taking a break for lunch or even when on holiday at the seashore. That is a nice option for any binary option trader to have access to.

User Account Levels on Tradorax

This web broker does a nice job of supplying its traders with a variety of different trading account levels. There are four different account levels that a user can be assigned to and the level assigned is determined by the amount of the initial deposit. Accounts, or loyalty programs as they are sometimes termed, have different account features that go along with them as the user’s account level increases. Once a deposit is made and the funds are in the account, then the account level is assigned and the investor can start trading.

Tradorax Mini Account

This account level is assigned when the trader deposits between $250 and $499. With this account level a user gets a personal contact once per week with a consultant, beginner trading lessons and a generous account signup bonus (more on that later).

Tradorax Silver account

This account level is assigned when the trader deposits between $500 and $4999. With this account level a user gets a personal contact twice per week with a consultant, beginner and intermediate trading lessons, a 2% increase in return on investment, 0.5% cash back, trading signals and a generous account signup bonus.

Tradorax Gold Account

This account level is assigned when the trader deposits between $5000 and $9999. With this account level a user gets a personal contact three times per week with a consultant, beginner and intermediate trading lessons, a 3% increase in return on investment, 1% cash back, trading signals, 1 risk free trade per month and a generous account signup bonus.

Tradorax VIP Account

This account level is assigned when the trader deposits $10,000 or over. With this account level a user gets a personal contact four times per week with a consultant, full trading lessons access, a 4% increase in return on investment, 2% cash back, trading signals, 2 risk free trades per month and a generous account signup bonus.

Signup Bonuses and Promotions

Not only is there a variety of account levels on Tradorax but there are also such things as sign up bonuses and promotions that will give you extra money to trade with too. Investors who trade with the web broker can get up to a 200% deposit bonus depending on the amount of their initial deposit. There is no limit on the amount of the account opening bonus and they also offer a fair 30 times the initial deposit trading terms before any of the bonus money can be withdrawn.

The bonus money is not the only perk that Tradorax offers their investors; they also do some special promotions from time to time that feature such things as an increased number of risk free trades. Once in a while they will also provide extra free trading signals to various account holders too. Tradorax certainly does a lot to help give their investors a good chance to trade as successfully as possible.

The Tradorax Web Platform

It is a site that uses the award winning TechFinancials trading platform software to help give their investors the edge they need to make successful trades on a consistent basis. Their trading platform is super user friendly and very simple to understand to say the least. Why is TechFinancial’s trading platform software the right choice; that is because It is a trading platform that is very popular among binary options traders and is also very respected throughout the binary options industry.

It is a 100% web based platform too so it does not use up your computer or smart device’s precious memory and performance capabilities nor does it require any type of plugin to use it. The platform enables each investor to use a full windows enabled website that gives you all the information and trading functions that are needed to profit nicely when trading binary options.

The best thing about the Tradorax web platform is that you have your financial asset information, web learning tools and your trading platform easily accessible and all in one place right in front of you. It does such things as provide you with graphs to do asset technical analysis, provides you with a current economic events calendar and it also helps you keep track of your current and past trades. All this is done by navigating through the site with a series of conveniently accessed drop down windows. There are few binary options trading platforms that are as easy to understand and as simple to use as the one on Tradorax.

The trading platform will automatically open up the functions that your account level entitles you to and also lets you access the very well designed learning materials that Tradorax supplies to its investors. Even beginner traders will have no problems getting used to this brokers trading platform.

Screenshot

Tradorax screenshot

Tradorax Banking Services

This web broker has some impressive banking features too and this all starts with the low $250 minimum account deposit. That is an initial deposit amount that will open up the world of binary options trading to many people of all different income levels. Their banking procedures are also very straightforward and easily accessed by the convenient drop down menus on the web platform.

After taking the time to fill out the information and opening a free account, the next step is to use the simple banking function tabs to make your initial deposit. It is important to remind you here that the more you deposit the higher signup bonus you are eligible to receive and in turn the more site features you will have access to.

The deposit can be paid using such popular methods as Visa, MasterCard, Bank Wire Transfer, iDeal, WebMoney, POLI, CashU,  JCB, Maestro, Diners Club, Alert Pay, Ukash, Paysafe Card, Neteller and Inpay.

Withdrawals are often done using the same method as that which you made your initial deposit with. They can also be done with many of the other methods that are accepted for deposits too. Withdrawals are undertaken using some very strict methods to ensure your sensitive financial data is being kept safe and secure. These usually take 3 – 5 working days to initiate and then show up in your specified account. The minimum withdrawal is $100 in most cases but can go as high as $500 for such withdrawal methods as bank wire transfers; we thought the latter amount was a little bit excessive and it has some higher fees attached to it also.

So what do We Think?

Overall we were more than satisfied with the trading experience that the Tradorax web brokerage site provided us with. They have an excellent variety of learning tools available and a great web platform to trade with. Banking with this broker is easy and the customer support is impressive too. We see absolutely no reason why anyone would not to want to do their binary options trading on Tradorax; because of that, it is definitely a broker that will be placed on our list of recommended binary options trading sites.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, German, Russian
Trading Options: High / Low, One Touch, 60seconds, Long Term, Boundary, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 2min, 15 min, 30 min, 1 hr, End of Day, End of Week
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, iDeal, POLI, CashU, Diners Club, JCB, Maestro, Alert Pay, Ukash, WebMoney, Paysafe Card, Inpay, Neteller
Withdrawal Time: 3-5 bank days
Demo account: No

Start trading

References and Further Reading:

  1. Empirical Characteristics of Dynamic Trading Strategies: The Case of Hedge Funds (William Fung and David A. Hsieh -1997)
  2. Dopamine: generalization and bonuses  (Sham Kakade, , Peter Dayan-2002)
  3. An Anatomy of Trading Strategies (Jennifer Conrad and Gautam Kaul -1998)
  4. The price dynamics of common trading strategies  (J.Doyne Farmera, Shareen Joshi-2002)
  5. Tests of technical trading strategies in the emerging equity markets of Latin America and Asia  (Mitchell Ratnera, Ricardo P.C. Leal-1999)
  6. Optimization of technical trading strategies and the profitability in security markets  (Ramazan Gençay-1998)
  7. S&P 500 Trading Strategies and Stock Betas (Anand M. Vijh-1994)
  8. Risk Adjustment and Trading Strategies (Dong-Hyun Ahn , Jennifer Conrad and Robert F. Dittmar-2003)
  9. Estimating the profits from trading strategies (Peter J. Knez and Mark J. Ready -1996)
  10. Technical trading strategies and return predictability (Ki-Yeol Kwon & Richard J. Kish-2010)
  11. Trading strategies during circuit breakers and extreme market movements  (Michael A. Goldstein, Kenneth A. Kavajecz-2004)
  12. Trend-following trading strategies in commodity futures: A re-examination  (Andrew C. Szakmary, Qian Shen, Subhash C. Sharma-2010)
  13.  An empirical investigation of the Turkish consumers’ acceptance of Internet banking services (Vichuda Nui Polatoglu, Serap Ekin-2001)
  14.  Mobile banking services ( Niina Mallat, Matti Rossi, Virpi Kristiina-2004)
  15. Reaching out: Access to and use of banking services across countries (Thorsten Beck, Asli Demirguc-Kunt, Maria Soledad Martinez Peria-2007)
  16. Operations, Quality, and Profitability in the Provision of Banking Services  (Andreas Soteriou, Stavros A. Zenios-1999)
  17. Examining multi-dimensional trust and multi-faceted risk in initial acceptance of emerging technologies: An empirical study of mobile banking services  (Xin Luo , Han Li, Jie Zhang, J.P. Shim-2010)
  18. Cross-Selling Sequentially Ordered Products: An Application to Consumer Banking Services  (Shibo Li et al -2005)
  19. Users’ adoption of e‐banking services: the Malaysian perspective ( Wai‐Ching Poon -1986)
  20. The adoption of direct banking services (Andrew Lockett & Dale Littler-2010)
7 Binary Options review: Tradorax : 4,5 stars.
John Miller
Follow us

John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
Follow us