Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Tradorax Broker Review

  1. Tradorax no longer accepts US customers. Trade with NADEX instead.

    Binary options trading with Tradorax is easy, but sophisticated. During the Tradorax review, we made sure to test many aspects of their TechFinancials based platform that just works. The Tradorax website is very user-friendly and traders can easily find all the info they might need If not the support is there to help. Tradorax has a staff with a firm financial background making them qualified to offer such services to their international customers.

  2. There are four basic accounts available to Tradorax customers. Accounts are loyalty programs that deliver additional features as the deposit rises. The important thing to notice is that deposited funds always belong to the trader and are available for trading. Trader in no way pays for the additional features, with Tradorax, and other brokers too. For Tradorax review, we used the Silver account

    Tradorax Mini Account

    • web and mobile platform
    • access to the Education Center
    • personal broker once a week

    Tradorax Silver account

    • benefits of Mini account
    • 2% extra of every trade
    • personal broker twice a week
    • Lessons 1-4
    • Signal group
    • 0,5% cash-back

    Tradorax Gold Account

    • web and mobile platform
    • access to the Education Center
    • 3% extra of every trade
    • personal broker 3x a week
    • Lessons 1-6
    • signal group
    • 1% cash-back
    • 1 risk-free trade a month

    Tradorax VIP Account

    • web and mobile platform
    • access to Education Center
    • 4% extra for every trade
    • personal broker 4x a week
    • Lessons 1-8
    • Signal group
    • 2% cash-back
    • 2 risk free trades per month

    Tradorax also offers rich bonuses that can reach up to 200% as part of special promotions. They also offer additional 5 risk-free trades in a separate promotion. Make sure to understand conditions of the promotions. Tradorax has very user-friendly bonus rules – 30x turnover is required to withdraw bonus or profits made with bonus funds. There are also special VIP signals that can seriously increase chances of winning.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  4. Testimonials FairForexBrokers Your capital is at risk

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  5. Tradorax platform uses TechFinancials technology to support trading with binary options. As most of other binary options trading platforms, Tradorax Techfinancials platform is web based. When web based platforms are mentioned, many traders instantly think of a plugin like a window inside the website. TechFinancials is something else. It offers full window trading platform that is professional as it is easy to use.

    Tradorax traders have all the important info in one place. If they want to do technical analysis, all they need to do is choose it from the mini-graph menu. If they want to do event trading, they can quickly switch to the economic calendar in the bottom of the page. Also, the review of their portfolio and past trades can also be seen by choosing one of the tabs in the bottom half. To the left are binary options that are offered for trading, and by choosing the type of option in the top part of the left pane, traders get the list of binary options that are available.

    The academy section is also very helpful for newbies and experienced traders. One group of videos offers trading basics. There are also videos on general options trading and advanced courses. Tradorax also offers a trading guide. Holders of the VIP account can gain access to the VIP area with additional premium content.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. Tradorax support is available 24h a day, 6 days a week. The mail is the primary way of communication. However, for the Tradorax review, we tried live chat which is nicely integrated in the website and there is no need to skip to another window just to ask a question. The help desk agent promptly responded and answered our question, but only after trying to direct us to our account manager. However, we were only deciding about the size of the account we were going to choose so we had none.

    The broker has several international phone numbers:
    CH +41435083530
    DE +4969222213240
    UK +442031500446
    HK +85258032268
    ZA +27105008338

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. Minimum deposit with Tradorax is $250. This is meanwhile standard in binary options industry and it is a very competitive price. As demonstrated above, Tradorax provides high value services so many traders will be probably depositing even more to get these additional features. That will not be a problem since there are really many payment methods that are supported with Tradorax.

    After creating a free account, Tradorax offers a really easy to use deposit interface that is part of the banking tab. Traders can even add two credit cards at once and choose between many other deposit methods. Supported methods are:

    Wire transfer: from bank account directly
    Credit/Debit Cards: Visa, MasterCard, Diners, JCB, Maestro
    NetWallets: Neteller, UnionPay, CashU,WebMoney, Yandex Money, AlertPay, Qiwi Visa Wallet, moneta.ru, abaqoos, AstroPay Baloto, eCard, Konto ePlatby, Euteller, iDeal, InstantBank, Lobanet, Bancontact Mister Cash, Neosurf, paysafe card, PayU, PlusPay, Poli, PostePay, SafetyPay, Ticket Surf, TrustPay.

    When withdrawing, as usual, Tradorax requires ID verification. This means sending some documents before first withdrawal can be processed. If this was done, it may take 3 – 5 days for the withdrawal to be processed. Minimum withdrawal trough wire is $500. We find this a bit too much since this is the way profits are withdrawn in binary options due to inability of brokers to use credit cards for this. The thing is that anti money laundering laws forbid withdrawing more than it was deposited. For credit cards and debit cards the minimum withdrawal is $100 and this is also very high in our opinion.
    The company behind the broker is Alpha Capital House LTD, 1A Arcade house, Temple Fortune, London, NW11 7 TL

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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