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 We find this a bit too much since this is the way profits are withdrawn in binary options due to inability of brokers to use credit cards for this.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