Tradorax Is Closed
Tradorax was founded in 2013 and during the relatively short time in which they have been operating, they have quickly gained a strong reputation within the trading community as one of the most reliable brokers. A big reason for this is that the company was founded by prominent industry experts. The broker is recognizable for their high return rates and variety of features. One of the main strengths of Tradorax is their extremely simple, yet quite functional interface. Their platform is provided by the widely known Tech Financials group and is available in 22 languages. TechFinancials is the same platform employed by other very reputable and popular brokers like 24option, OptionFair & OptionsClick. The Tradorax platform provides a wide variety of assets and expiries, making it compatible with a large number of binary options signal services. Tradorax accepts customers from all over the globe but no longer accepts US traders.
Tradorax Assets & Trade Features
Tradorax offers impressive return rates that can reach up to 85% – a remarkable number within the industry. A wide variety of assets to choose from (over 150) gives customers a good reason to explore all their options when making the decision on what to trade. The assets include commodities, stocks, indices, and currency pairs. Traders have at their disposal four of the most popular instruments – High/Low, One Touch, Boundary, and Short Term.
Expiry times can be 60 Seconds, 2 mins, 5mins, 15mins, 30mins, 1hr, daily, weekly, monthly, 3 months, and 6 months. This is really useful for customers who have yet to make their final choice giving them time to find out more information about the assets’ current status.
Other Special Features
Tradorax customers are able to take advantage of special features that the company and platform provides:
- Roll Over – traders are able to roll their position over the next expiry time.
- Buy Me Out offers the possibility to close a trade before the expiry time.
- Risk-Free Trade – if a trader’s first 3 positions have been unsuccessful; Tradorax is ready to refund all of their money (conditions apply).
- Insured Trade – the trader is able to spread their risk by determining what both the potential profit and loss amount will be.
Tradorax Customer Support
Good customer support is vital to a company’s success. Tradorax has embraced this basic principle, thus providing excellent multilingual service over the phone, by email or live chat. Company agents have the required level of expertise to answer all of their customers’ questions in a quick and informative manner. When contacting Tradorax always expect a friendly and helpful conversation, 24 hours a day, 5 days a week.
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Tradorax Deposits & Withdrawals
The minimum deposit required to open an account with Tradorax is 250 USD, GBP or EUR. Deposits can be made using a wide variety of methods including credit/debit cards, bank wire and CashU. Withdrawals are normally processed within 5 business days using the same methods as deposits.
In order to ensure their traders’ success, Tradorax provides a large free educational database consisting of lots of comprehensive articles and videos. The resources are divided into BASIC and ADVANCED, aiming to cover customers with all degrees of financial knowledge – from complete newcomers to advanced traders. Tutorials, guides, e-books, strategies, and valuable pieces of advice are just some of the training contents.
The broker also offers webinars and one-on-one coaching sessions by phone or chat with their most experienced account managers who will help the customer in their journey to forge a successful trading career.
Ultimately, Tradorax is a reliable high quality broker who provides professional and trustworthy service. The combination of comprehensive educational resources, excellent support, and a plethora of features makes the broker a great choice for every trader, no matter if novice or advanced.