Tradorax | Binary Options Brokers

tradorax Review

tradorax
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Overview

Tradorax offers complicated yet efficient binary options trading services. We have tested a number of factors in their TechFinancials based platform in our tradorax review, and we noticed how they…

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Details

Broker tradorax
Website URL http://www.tradorax.com
Founded 2012
Headquarters Suite O0038, 35 Victoria Road, Darlington, Durham DL1 5SF, UK.
Support Number +44 20 3150 0446
Support Types Live Chat , e-Mail Form , Phone , e-Mail
Languages English , German , Russian
Trading Platform TechFinancials
Minimum 1st Deposit $250
Minimum Trade Amount $25
Maximum Trade Amount $1,000
Bonus Unlimited Welcome Bonus
Payout 85%
Free Demo Account No
Account Types Mini , Silver , Gold , VIP , Saving Account , Self Managed Account
Deposit Methods VISA , VISA Electron , MasterCard , Maestro , Diners , Bank Wire , CashU
Withdrawal Methods VISA , VISA Electron , MasterCard , Maestro , Diners , Bank Wire
Trading Methods Browser , Mobile
Number of Assets 122
Expiry Times 60 Sec , 2 Min , 15 Min , 30 Min , 1 Hr , End of Day , End of Week
Types of Assets Stocks , Forex , Commodities , Indices
Option Types High/Low , One Touch , Boundary , Short Term
Trading Currency EUR , USD , GBP , JPY , RUB
Account Currency EUR , USD , GBP , JPY , RUB
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.8

Screenshots

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Pros

  • Fast Deposits & Withdrawals
  • Rapid Customer Support
  • Rich # of Assets
  • User-Friendly Trading Site & Trading Platform

Cons

  • Not Regulated
  • No Demo Account

Full Review

Tradorax offers complicated yet efficient binary options trading services. We have tested a number of factors in their TechFinancials based platform in our tradorax review, and we noticed how they all worked wonderfully. Tradorax has a really user-friendly website with rich information, and in case more information is needed, the support will always be there. Tradorax possesses a staff team with a stable financial background which makes them ideal to offer services to their international customer base. Tradorax accepts customers from the US as well.

Special Features

Tradorax comes with four different accounts which the customers can choose from. As the deposit increases, a number of loyalty programs surprise you with extra features. What’s more important here, is that all the funds deposited are fully in control of the trader and can be used for trading whenever required. The trader will never be prompted to pay for the additional features, regardless of which broker it is. We have used the Silver Account for our Tradorax review.

Tradorax Mini Account

Here are some of the aspects of a Tradorax Mini Account:

  • A minimum deposit of $250.
  • A personal broker who can be contacted once a week.
  • Trading lessons of ‘beginner’ level.

Tradorax Silver Account

Here are some of the aspects of a Tradorax Silver Account

  • A minimum deposit of $2,000
  • A personal broker who can be contacted twice a week.
  • An extra 2 percentage points returns on trades.
  • Cashback of 0.5%.
  • Trading lessons of ‘beginner’ and ‘intermediate’ levels.

Tradorax Gold Account

Here are some of the aspects of a Tradorax Gold Account

  • A personal broker who can be contacted thrice a week.
  • Cashback of 1%.
  • One risk-free trade per month.
  • Trading lessons of ‘beginner’ and ‘intermediate’ level.
  • An extra 3% points return on trades.

Tradorax VIP Account

Here are some of the aspects of a Tradorax VIP Account:

  • A minimum deposit of $5,000.
  • A personal broker who can be contacted four times a week.
  • An extra 4 percentage points returns on trades.
  • Cashback of 2%.
  • Exclusive access to all the lessons.
  • 2 risk-free trades per month.

Apart from the above features, Tradorax offers its customers with exciting bonuses as a part of special promotions that could go as high as 200%. Moreover, 5 risk-free trades are also offered in a different promotion. However, it is important that you properly understand the terms and conditions of every promotion. The bonus rules set by Tradorax are pretty user-friendly – One requires a turnover of 30x in order to redeem the profits or bonus made using bonus funds. Besides, Tradorax offers special VIP signals which greatly enhance the chances of making a profit.

Tradorax vs TradeThunder Review

Tradorax Trading Software and Assets

A TechFinancials related platform is used by Tradorax for trading binary options. This platform of theirs is completely web-based. Whenever it is about a web-based platform, a number of traders tend to think about a plugin such as a window within the website. However, they will experience something else with TechFinancials. It gives the user a complete window of a trading platform which is professionally built, at the same time easier to use.

All the critical required information is available at one spot for Tradorax traders to use. The mini-graph menu offers the technical analysis panel. The bottom of the page offers a tool to do event trading as it consists of the economic calendar. Traders can either review their portfolio or take a glance at their past trades using tabs available at the bottom half of the page. The binary options available can be used with the help of tools on the left side of the page, and at the top part of the left pane gives traders the list of all the binary options available.

Regardless of how much experience the trader has, the academy section will not fail to be of help. There are a number of videos that offer basic knowledge. And then there are more videos that offer advanced levels of knowledge. Besides, a complete trading guide is also offered by Tradorax. If you are a holder of the VIP account, you will gain an exclusive access to the VIP section and receive all the additional premium features.

Tradorax Support and Services

The Tradorax support team will be there to help you 24 hours a day, six days a week. The primary way of communication would be by emailing, but the live chat option is also available. We used the live-chat function for our Tradorax review, and we have to say it was very nicely integrated to the website and you wouldn’t have to visit a different window just to ask a certain question. We were given answers to our questions promptly and quickly by the help desk agent, but only after he tried to direct us to our account manager. However, we had no account manager at that point in time since we were not sure which account to go for. Tradorax broker possesses a number of international phone numbers too.

CH +41435083530
DE +4969222213240
UK +442031500446
US +16469777912
HK +85258032268
ZA +27105008338

Tradorax Banking and Company

Tradorax accepts a minimum deposit of $250. This price is pretty competitive as it is a meanwhile standard in the industry of binary options. As has been mentioned above, the number of features Tradorax offers are sensational so naturally, traders will be sure to deposit a greater amount themselves to experience these awe-inspiring features. Besides, Tradorax offers a number of payment options so depositing is never going to be an issue.

Once a free account is created, Tradorax gives you a user-friendly deposit interface which is a section of the banking tab. Traders could add two different credit cards at a time and also go to a wide range of other deposit methods. Following are the supported methods:

Bank Wire Transfer: directly from the bank account.

Credit/Debit Cards: MasterCard, VISA, JCB, Diners, Maestro.

e-Wallets: CashU, Yandex Money, WebMoney, UnionPay, Qiwi Visa Wallet, AlertPay, abaqoos, moneta.ru, KontoePlatby, Euteller, eCard, AstroPayBaloto, InstantBank, iDeal, Neosurf, Bancontact Mister Cash, Lobanet, Paysafe card, Poli, PayU, PlusPay, TrustPay, TicketSurf and SafetyPay.

Tradorax prompts the customers to provide an ID verification before withdrawals. Therefore, the customers will need to send a few documents before their first withdrawal. Afterward, a withdrawal requires 3 – 5 days to process. Through wire, the minimum withdrawal amount is $500. We believe this is a tad bit high as this is the only option to withdraw profits in binary options because the brokers cannot use credit cards. Besides, one cannot withdraw more than he deposited, as per the anti-money laundering laws. The minimum withdrawal for debit cards and credit cards is $100 and we believe this is a bit high.

Alpha Capital House LTD, 1A Arcade House, Temple Fortune, London, NW11 7 TL” is the company responsible for Tradorax broker.

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Paul Graber

I was born in Manchester in 1967. I am an Economist with a Ph.D. degree. I have been working in the financial trading industry as a professional since 2003. I am a fan of Manchester United team. I am married and have a little princess.

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19 Responses to “Tradorax”

  1. I’ve been trading with Tradorax for a few months now; it is more than legit and by far one of the best platforms I have used. My Tradorax review is actually very straight forward- it was easy to use, I got all the needed help and support and I highly recommended it

    1. I agree, it is a great platform and user friendly. It was very easy to understand and I began trading as soon as I understood the basics. I recommend to try this platform if you are a beginner or using a different one.

      1. I love the Tradorax platform it’s so easy to use, and I recommend it for first time Traders.
        It performs trades rapidly. It’s uncomplicated and makes online trading secure, engaging and enjoyable.

  2. I find it very exciting to trade binaries, especially the 60 second trade option, I like the straight forward yes/no proposition makes the trade easy and you get fast result. It is a great way to enter the world of financial trading especially if you are a beginner in this game.

  3. Perfect! Rapid customer service and payments. Real market rates. Fast execution. Thanks

  4. I’ve been trading with them for a while now and they are pretty ok. A friend recommended me of them.

  5. I think they are great, I love the fact that they accept American traders. Even though it means they are not regulated – they are the fairest binary brand I came across with.

  6. With Tradorax I have enjoyed high returns for my investments of up to 85%. without any spread, commissions or leverages. I can access the Tradorax platform from anywhere because it’s web-based, even with my mobile phone, meaning I can trade even when on vacation!

  7. Dear Doctor Paul Graber:
    I need to know if you have Withdrawals of your Trading Profits to your satisfaction from Tradorax Broker?

    I am about to open a trading account with Tradorax. I have read in other sites clients not receiving their withdrawals from Tradorax.

    There are a lot of Scams out there. I am so happy that I found your site from a true Professional in the field.

    Thank you for your valuable time!!

    1. Dear Juan,

      I appreciate your kind compliments regarding our sites and me.

      We have never had any complaints about them. If you open an account through our links in the review, we will be more than happy to follow your activity.

      Just send us your account username and number to follow up with you.

      e-mail : paulgraber@binarybrokers.club or info@binarybrokers.club

      Thanks a lot for your trust and interest…

  8. When I signed up, I was greeted by a welcome agent called Deborah. very kind, very eager to get me to deposit. I didn’t like it so much but went along regardless. Afterawrds, I was transferreld to James, who is my current broker, much more professional, very keen on helping me to get my balance up. Overall, I like what they provide.

  9. Doing Trade is extremely profitable when using the right techniques and strategies and also frustrating for those without better system to trade and signal provider. If you need an assistance in doing a beneficiary trade and you are losing out all your investment instead of gaining, there is still a big hope for you.(Some traders will tell you that is either you loose or gain) in our case loosing and failure is not an option…You can contact our company if interested on (godwinscott86@gmail.com) Your assurance on gaining instead of losing is 95% on binary trade or forex. Take a try and thank me.

  10. I am a trader, but I am an American trader so I am often not accepted to platforms. I can understand why – they are regulated and they are not allowed to accept Americans. What I do not understand is why most of the brands that does accept Americans are usually unreliable and you can’t get your money out once deposited. I had a few experiences like that and I had to give up because I can’t complaint – they are not regulated so who am I going to complaint to?!
    Tradorax is the first binary option brand that accept American trader AND treat them right. I am trading with Tradorax for a year – never had a problem withdrawing.

  11. I don’t like the tone of some of their brokers, it’s like they know they can make money and therefore can talk to their clients in any way they like. I did make money with them, but it doesn’t mean I have to put up with attitude.

  12. I have been trading with them for a while, I am happy I finally found a good platform that accept American traders!

  13. The Tradorax platform is reasonable and just that, but they make up for it since they don’t charge you any extra fees for trades and services and their returns are actually quite high, so yeah, I can live with that definitely

  14. I gotta admit that first, when I realized they’re giving away up to 85% profits, I found it hard to believe and quite unreliable.. I’ve worked with other companies before, their highest was 71%, plus they were regulated so I had nothing to be concerned about. The high returns definitely attracted me so I had to take the shot, and I’m honestly so glad I did. Moreover, I even found out that Tradorax let my money be withdrawn faster than the regulated companies I’ve worked with.

  15. To all of those claiming they’ve encountered some issues withdrawing their funds from their Tradorax account – I have had the same problem at the very beginning, and I’ve been told by them that I must send and provide all of the verification papers that are requested once joining. This is to make sure the funds you’re getting are reaching the right person. Once I did, it was all good, and I got my money

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