TraderXP was founded in late 2009, Located in the British Virgin Islands, they are one of the earlier brokers to hit the market. TraderXP were created to provide investors with a simple yet intuitive platform for investing in the financial markets. TraderXP trading platform provides multiple advanced features for expert users. In case you are new to this online trading, getting to know its full details is a must. With adequate knowledge, it would be easy for you to get its maximum benefits., they offer investors opportunities to trade with financial assets in the form of binary options for commodities, currencies, indices and stocks and reap high returns at the same time. TraderXP has become the most-favorite broker at all times. TraderXP is suited for both newbie and professional traders. Its simple and easy-to-use feature makes it even more effective for all traders.
TraderXP General Information
Founded in: 2009
Headquarters: British Virgin Island
Minimum Deposit: $200
Minimum Trade Amount: $10
Maximum per Option: $1500
Return Rate in %: 68%-75%
Option refund if out of the money: 0- 10%
Traders from USA: Allowed
Additional Options: Currency, Indices, Commodities and Stocks
Languages available: 10 Languages including English, Russian, French, Arabic and Spanish
TraderXP is 100% web based platform, so there’s for software to be downloaded. The website is clean and organized, the demo is short and simple to understand, there is a live news sidebar available and finally scrolling between assets is easy and simple. TraderXP’s trading platform is one of the easiest trading platforms to operate as it requires no software installation. Being web based, users can connect to it from anywhere around the world as long they have internet access.
Website Extras 6/10
TraderXP has some useful and refreshing extras such as the Option builder, where the trader can customize trades that will follow their personal trading style. Another great extra is the Yahoo live news bar, keeping the investors up to date with latest news. Another new option recently added is the Pro/Fast option for different types of investors. Overall, TraderXP has a nice variety of extra features. For the benefit of traders, TraderXP also offer two very unique features with their trading platform. With the Double-up tool and Rollover feature, traders are even better equipped to maximize their profit potentials.
Support Quality 8/10
Customer service from Trader XP is available 22 hours a day, 6 days a week via email, live chat or phone. There is a multi-lingual customer support system in place, with users being able to get access to English, French, Arabic and Russian Language customer support services. Traders can also reach the support team by emailing them at on the contact form provided on the website or emailing them direct at email@example.com. Alternatively, they can get support with the “Live Assistance” feature on the website.
Fees and Commissions 6/10
The trading process is extremely simple, and there is no commissions due. It is also free to withdraw money via your credit card or PayPal account. But there is a charge for bank wire transfers, at $50 a time, so beware of that.
No Of Assets 7/10
TraderXP offers 55 assets including distinct stocks, commodities, indices and currency pairs. If you are a new trader, it is best to begin with a small amount. Just pick put or call action. You can also follow the market price of the assets which are displayed in the site. The large amount of trading assets makes TraderXP in the top half of the industry in terms of assets available to trade.
TraderXP offers an extremely versatile amount of languages it can be used in. It gives you broad choice and allows you to deal with people across the world, with the majority of common languages compatible with TraderXP. The language choice includes: Arabic Chinese, English, French, German, Japanese, Russian and Spanish.
Effective Return 7/10
The effective return is the total percentage of return offered on an option. On the TraderXP website this is 73-83%. This is split between 68-75% for in the money options and 5-10% on out of the money options. This is near the top end of the industry. Another great plus is the Touch option available for trade over the weekend when the markets are closed for a chance to make up to 400% return.
Payment Methods 8/10
When it comes to reliability, TraderXP takes the safety of their clients’ fund very seriously. This is why they offer several alternatives from established and reputable institutions to help their clients fund their deposit and ease the withdrawal process. To either deposit or withdraw funds, traders can use the following methods listed below:CashU, Credit Cards, iDEAL, Maestro, Moneybookers, Nordea Netbank, Wire Transfer.
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