Tradorax General Information:
Headquarters: Alpha Capital House Ltd located at 1 Arcade House, Temple Fortune, London.
USA Traders: Not Allowed
Available Assets: 70
Min. Deposit: $250
Min. Trade Size: $25
Max trade Size: $15,000
Additional Features: Forex Trading
Platform Provider: TechFinancials
Languages: English, Russian and German.
Tradorax Broker Review
Tradorax is owned by Alpha Capital House Ltd located at 1 Arcade House, Temple Fortune, London.
When we did some scanning in order to find an honest and unbiased reviews regarding this broker across the web, we were amazed to see that most binary options reviews sites, gave Tradorax a very positive review although it is Not a Regulated binary broker.
Remember! When choosing a binary option broker it is always important to trade only with Regulated binary option brokers.
One of the most important things you should know regarding this broker, is the fact they are using TechFinancials platform. And if to be honest, we think that TechFinancials are most probably the best binary platforms provider in the industry. They are also responsible for the well designed 24option trading platform, but enough about TechFinancials and back to Tradorax.
Their trading platform is a bit disappointing in the sense that it reminded us of how binary platforms looked like a few years ago, what creates a not very intuitive user interference and a less fun binary options trading environment.
They offer like all TechFinancials brands, the ability to trade on High Low, One Touch, Boundary and very Short Term options. They do offer quite an impressive and diverse selection of financial assets including very exotic ones such as Norwegian Krone and the South African Rand.
As for mobile apps, they did recently released their mobile for Android, but they still do not have an iPhone app.
The one feature that stands out the most is the fact you can do some sort of Forex trading on their platform, apart from the standard binary option ofcourse. So for those who are seeking for both Forex and Binary options trading, Tradorax might be a proper alternative.
Regarding offered expiries, they do offer a few unique expires apart from the regular ones, such as 2 and 5 minutes for the short term and 6 months or more for long terms.
There are Several types of bonuses that are being offered, all will tie you up with a very high trading requirement of 30 times the deposit + bonus!! One of the highest we have seen including all other binary options brokers we have reviewed. They also offer a staggering 200% bonus on high first investments, but we wouldn’t recommend you take the bonus as if you are not trading a lot, it might be very hard to meet the withdrawal requirements.
Why to open an account with Tradorax
Well, there are few reason why you should have a trading account with tradorax. Firstly, they do offer the ability to trade Forex and binary options all on the same platform. Secondly, Although they are not regulated, they do seem legit, and when we looked for some bad reviews, we were not able to find too many, yet we did find a few recent ones.
Why NOT to open an account with Tradorax
They are claiming for quite some time they are about to be regulated but so far they are still operating without any regulation. We also don’t like their very aggressive bonus offers and withdrawal requirements, which makes us feel like they are trying to hard to tie up traders to keep their fund with tradorax.
If you look for forex and binary options on the same platform than you won’t find too many possibilities apart from this trading platform, yet, we are not big fans of trading with non regulated brokers.
Wall Of Shame
Leave a comment below if you have had a bad experience with Tradorax.