TraderXP Binary Option Broker
| Company: | TraderXP |
|---|---|
| Maximum Trade: | $1,500 |
| Minimum Trade: | $25 |
| Minimum Deposit: | $200 |
| Withdrawal Fees: | No fee on credit cards, $25 on bank transfres and $10 for check plus the postage |
| Minimum Withdrawal: | $100 |
| Bonus: | Welcome bonus is based on the account selected for trading and the depsoit made. |
| Payout: | Up to 75% |
| Account Currencies: | USD, EUR and GBP |
| Currency Pairs: | 15 pairs |
| Tradeable Asset: | Indices, Stocks, Forex and Commodities |
| Trading Platform: | SpotOption |
| Trading Instruments: | Binary Options, Option Builder, One Touch Trading and Pro Trader |
| Established: | 2009 |
| Licenses: | |
| Location: | British Virgin Island |
| Regulation Status: | |
| Payment Methods: | Credit Card, Bank Transfer, PayPal, Western Union and Neteller |
| Ratings | |
| Trading Plarform: | 3.4/5 |
| Website: | 3.3/5 |
| Banking: | 3.5/5 |
| Customer Service: | 3.4/5 |
| Bonuses: | 3.8/5 |
| Customer Experience: | |
| Overall Score: | 3.4/5 |
| Assets: | 3.3/5 |
| Reliability: | 3.6/5 |
| Charting: | |
| Withdrawal: | 3.5/5 |
TraderXP is one of the most popular binary option brokers in market who tend to lead the industry with their sheer professionalism and objectivity. They provide to their customers a range of products diversified into commodities, stocks, forex and indices. They provide about 15 of the major currency pairs to traders to trade in forex. With such a wide range of assets available to the customers the market is constantly open for the traders at any time of the day. The company was founded in the year 2009 and is located in British Virgin Islands. The minimum deposit required to start trading from their account is only $200 and the maximum investment that can be done per option is $1500.
The trading account offered by TraderXP is of three types and is mainly based on the deposit amount. The trading accounts are named Bronze, Silver and Gold. They also have a specialized trading account which is named Platinum and is given to the traders who plan to deposit $20,000 or more. These trading accounts also have welcome bonus the amount of which varies with the amount deposited and the trading account opted. The deposit in the account can be made using credit cards, Moneybookers or wire transfer. There is no withdrawal limit and any amount can be withdrawn using the same method used to deposit. There is no withdrawal fee on credit cards but a withdrawal fee of $30 is taken when it is done using bank wire transfers.
The trading platform offered by TraderXP to its customers is totally online and so they do not need to download any software. There are several ways offered by the company to do trading. Due to this the traders have the facility to trade as per their preferences of trading and their requirements. All the types of trading platform are situated within the same trading structure and it is very easy to switch between them. There are three trading platform options and they include Option Builder, Binary option and one touch trading. Binary options trading platform is the most traditional among the lot and is available in Fast Trader and Pro Trader. The Binary Option Pro Trader platform provides its customer four trading windows to trade within 5 minutes interval. However, the Fast Trader platform provides 9 windows to trade within 15 minutes time interval.
The customer support service provided by the company is excellent and the same can be availed via phone, chat and email. The phone support by the company is offered in multiple countries and hence the traders can get help by just making a local call. Their chat service is also very prompt and the executives are extremely polite and helpful. On the whole the services provided by TraderXP is very easy and their platform extremely simple to use. With several good features, the company is definitely worth a try for people looking for good rate of return for their investment.