History and Background
Tradorax is one of the newer breed of binary option brokers located in Gibraltar. The Tradorax brand was copywrited in 2013 and is the trading name of Alagos Limited located at Secretary’s lane 5 Gibraltar, company registration number of 110881. This new entrant has quickly become popular due to the ease of use of its operating platform, a derivative of the TechFinancials offering. It also sports a broad array of asset choices, over 120 at this date, including currency pairs, indices, commodities, and stocks. Customer funds are held in segregated accounts, and the firm adheres to the strictest regulatory standards.
Registration is straightforward, and depositing funds with this company is made very easy by over 33 various available payment methods. The firm has done its work to make depositing easy on the front end, as well as withdrawing on the back end. Standard international documents are required, as is the industry norm. Every attempt is made to explain these requirements on the front end to prevent problems down the line. As for account classifications, there are four – Micro, Silver, Gold, and VIP. Bonuses and service benefits vary by deposit ranges, including one-on-one training and alerts.
Tradorax offers three basis instruments – the traditional High/Low, Touch/No Touch, and Boundary options, supplemented by the speed of 60-second varieties and the occasional One-Touch high flyer. Payoffs typically range from 70% to 85%, but can reach 89%, as well. Rebates for losses are specified for various asset types before an execution order is completed. No complicated downloads are necessary either. If you can access the Internet, you can trade with Tradorax. A professional Customer Service group also is available 24X6 via phone, live chat, or email to assist you with any problem, and all sessions are encrypted by 256-bit SSL for your security.
Tradorax Review Rating = 9/10 = Excellent