*Update August 2020*: TradexOption did not respond to any of our requests. We do not suggest to trade with any broker or trading platform that does not have a functioning customer service.
TradexOption review will introduce traders to all features and types of trading this broker has to offer. Make sure to read more about trading platforms, account types, leverage, spreads, customer support and banking methods supported by this broker. TradexOption mentions on their website how every trade matters, so make sure to read this review before you start binary, forex or CFDs trading.
Is TradexOption Legit?
TradexOption takes trading to a whole new level thanks to 5 different account types. Even though some may think that such a great number of accounts offered can cause confusion, it is always good to have a choice. Each account type has different features, but traders can easily upgrade to any account type they like with time.
Bronze Account
- Up to 85% payout
- 24/7 customer support
- Web and mobile platform
- Trading tools
- Educational materials
- Daily market reviews
Silver Account
- Up to 86% payouts
- Personal account manager
- Risk management
- Benefits of Bronze Account
Gold Account
- Up to 87% payout
- Private trading lessons
- Premium withdrawals
- Benefits of cheaper accounts
Platinum Account
- Up to 88% payout
- Access to Premium trade room
- Increase trade exposure/limits
- Benefits of Gold account
VIP account
- Features available upon request
Minimum deposit, as it was found out in the TradexOptions review, is the usual amount of $250. However, it remains a mystery what are the minimum deposits for each and every account type. It would be very useful for traders to know the deposit limits, as they would be able to achieve a better money management.
TradexOption review showed how this broker has no demo account, which is always a little downside. However, traders get a great variety of trading instruments so it is possible to compensate in that way.
There are also some bonus offers by TradexOption, but they come with specific bonus policy attached to them. Keep in mind that once you accept the bonus it is impossible to have it removed from the account even if you haven’t placed a single trade. The bonus terms and conditions become obligatory the moment you accept the bonus. The trading volume required before the withdrawal, in case you accepted the bonus is x40. This is somewhat higher than usual. We hope that this overview will help you to figure out is TradexOptio legit.
IQTradex
TradexOptions review noticed how this broker offers an all-in-one TechFinancials trading platform. By all-in-one, we mean a platform that allows CFDs, forex, and binary options trading.
On the website, there is also mentioning of popular forex platform MetaTrader4, but it seems that there is no need for it, as traders can access the platform without any downloads. According to the broker, it will be available any time now. Unfortunately, it was impossible to find any information regarding leverage on their website. Considering how leverage is one of the most important features for every forex and CFDs trader, this is somewhat unusual.
At the moment, only the Android app is available for mobile trading. We also noticed that there is another product on the market, IQTradex but this one has no relation to the TradexOption.
The TechFinancials platform provides an optimized overview over all types of trading. For example, the different trading instruments are organized in tabs so there is no confusion. The trading chart, that can be displayed as a candlestick chart or a line chart, is moved completely to the right, so the left side is reserved for placing trades and asset list. Binary options types supported with TradexOptions are high/low, one touch, boundary and short-term binary options, also known as turbo options. When it comes to FX and CFDs, traders have two solutions: to order or to trade.
TradexOption Scam
TradexOptions is a binary broker that offers a great variety when it comes to customer support. The most important is that there is a live chat added to the platform. This means that traders get a chance to get an immediate answer. When we reached out to them during TradexOptions review, we waited no longer than a few minutes, and the agent provided us with the precise answer without any hesitation.
TradexOptions trading platform is available in English, German and Spanish. These few languages are a solid start, but we hope they will add more popular and widely spoken languages in the future.
When it comes to education, TradexOptions delivers multiple educational materials in different forms. For example, traders can read eBooks, watch videos or participate in interactive courses. Education is a very important aspect of every type of financial trading and since we did not receive any complaints about TradexOption scam, so traders will appreciate their efforts.
TradexOption Withdrawals
TradexOptions is a broker in the ownership of Interactive Services Worldwide, 71-75 Shelton street, Covent Garden, London WC2H 9JQ, United Kingdom. This broker is not regulated.
The only two methods the broker offered us for depositing are _MasterCard and Visa. We hope that they will diversify their portfolio in the future. It is also possible to use bank wire, but you have to contact the account manager first which is an unnecessary complication. The payment method is either available or not.
Minimum deposit with TradexOptions is $250, and customer support claims that there is no limit for a minimum withdrawal. However, some terms and conditions apply in cases when trader accepts the trading bonus, as the required trading volume has to be reached first. Also, the withdrawals and deposits have to be executed in the same currency and with the same bank account involved. The broker has the right to set no deadline on when the withdrawal will be executed, but it is usually 3-5 business days. Also, keep in mind it may take longer, depending on your bank.
There is also a special offer called the TBR (Trading Bonus Refund). Basically if you lose the entire deposit within first 30 days of trading, the broker will give you a refund in form of a 100% bonus so you can continue trading. However, this bonus has a requested trading volume of x20, and is not in any way free money that you can use as you like.