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2nd in our ranking!
It’s hard to say for sure where Tradorax is located or who owns it because they don’t list the information on their website or in the terms and conditions. At last check they claimed to be operated by Beta Tech LTC, registered in London at 35-37 Ludgate Hill, ECM 7JN, London, UK. Just FYI this is a virtual office address headquartering more than 2,500 other businesses. Basically it’s a PO Box. This company is not registered or regulated by the British FCA or CySEC. They can be contacted by live chat if you want to get a canned response or email.
The Tradorax Platform
The Tradorax Platform is proprietary and called TDorax ™ . It is built by a group of “professional” brokers with an entrepreneurial mindset and vast experience in the world of trading. Trading is standard ‘old school’ binary digital contracts with high/low, one touch, boundary and short term options. Expiry for high/low isn’t bad. There are multiple intraday starting with 10 minutes and moving out to end of day, end of tomorrow, next week and next month to the 5th month out on most assets. The asset list is pretty good, not quite as full as SpotOption but everything I saw was trading or scheduled to be open soon. All four categories are present; stocks, indices, commodities and forex. Each categories is flush and what I would call above average; at least a dozen international indices, at least 75 international stocks, 12 commodities including a few pairs and 30 forex pairs.
Deposit And Withdrawal
Banking with this broker is super easy, at least on the way in. Deposits can be made with CC, wires or over 2 dozen internationally accepted web payment services. The minimum deposit is only $25 in the currency of your choice, very low and accessible for anyone who wants to trade. Of course this is the minimum re-deposit after you make the initial $250 they tell you about once you try to sign up. The maximum is unlimited but I’d be careful giving these too much. The minimum withdrawals is $100 and there is 1 free per month, after that it will cost $30 per payment. Withdrawals are made back to the card/account originating the deposit but if you take a bonus you may never have to worry about that.
The company gives an attractive 100% initial deposit bonus for “qualifying” customers. Qualifying of course means you give them real money and they give you some fake money, with strings attached. The bonus terms require 30X turnover of deposit + bonus before withdrawals and say bonuses can not be retracted once given.
Tradorax Is Not Recommended
When first launched we held high hopes for them, they claimed to be here for the traders and offered great terms and payouts. The bad news is that since then they have devolved into the stereotypical scam broker using all the tricks we have come to know and loathe. This broker uses high pressure sales tactics with cold calls and leads generated through marketing programs. The website makes promises of easy riches with little said in the way of caution, what is there is in the fine print. Once you join the bonuses are there to lock in your deposit with onerous turnover rates preventing you from making withdrawals. Trading tips and managed accounts are offered with promises of guaranteed win rates that never pan out. Basically, Tradorax is a money funnel designed to suck your wallet dry.
July 2020: It has come to the FPA’s attention that Tradorax has blackmailed one or more clients into falsely reporting that money owed has been received.
The FPA considers this to be one more reason to avoid doing business with Tradorax.
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!
December 2020: There are now two more FPA Traders Court guilty votes against this company, bringing to total to four. Based on this, the FPA now considers Tradorax to be a Scam. . The FPA recommends against placing money with Tradorax. If you have funds with Tradorax.com, the FPA recommends you try to withdraw it as soon as possible.
November 2020: There is an FPA Traders Court guilty vote against this company. The FPA recommends caution dealing with Tradorax unless this issue is resolved.
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If anyone invested with tradorax and recovered funds, please advise.
Henry Johnson- said that I agreed to it and that they record everything and I’m happy to to hear the records as I didn’t agreed to anything. To keep a long story short I would like to hear some suggestions how I can get back at least my invested money.
Tradorax is a SCAM. PLEASE DON’T DEPOSIT ANY MONEY WITH THEM! PLEASE!
If you have money in an account that is less than 60 calendar days funded by a Credit Card then contact your bank and dispute the charge on the grounds they are not providing the services outlined in terms and conditions.
When your account broker contacts you about why you have removed your funds tell them to come to the FPA and reimburse everyone listed here that has a case against them, then you will possibly reconsider working with them (NOT. ) Have them come to the FPA and respond to the charges against them. Tell them all their names are listed here for anyone who searches to see how they are an absolute crooked organization of cowardly thieves that deserve every evil that comes on them and their families.
Nov 9, 2020 – 0 Stars See my Scam Alerts thread concerning TRADORAX withdrawal deception.
I have laid out the deception. TRADORAX is trying to claim that they have sent the transfer, but they refuse to provide the wire transfer confirmation # to validate the transfer. They cannot produce it because they did not send it to my account. They claim they process the transfer through a third party processor, but that company is the parent company of (TDORAX) TRADORAX by another name. I have emails and voice recorded conversations from multiple alleged managers who collectively deceive there clients and prevent the business outlined in their terms and agreements from happening. They present as an honorable company until you withdraw your money then the cowards play the shell game of deception until it’s obvious you have been tricked out of your money.
From February 2020 till now January 2020
No answers no money i got there £6k
So this scums need to go the jail
Oct 11, 2020 – 1 Star Guys I need help to sort out my problem with tradorax this guys need to go court
And special this guys Mark and Flavio Santos we need arrest this big liars !
I got my self and another 3 big friends in the same situacion I waiting my 6k from February
Tradorax take money from our accounts without autorizacion !
Don’t give the answers our questions!
We leave some text msg on skype but nobody give answers we send emails but this guys don’t respect our decisions!
When We start this guys making supposedly money straight way after 1 month Flavios open trades in May to finish in 31 of November
Court court court court with this scums ,please!
Sep 24, 2020 – 1 Star This guys take money from our accounts without authorisation
horrible to make withdrawal
from February I still waiting per my money without profit £6k
when we ask something, always coming with o lot of liars
I wish this guys one the court very soon !
and if somebody need my witness, Im available to testify this guys is a big scums
special Mark and Flavio Santos to big massive liares, I got another 3 friends on the same scenario !
Jul 26, 2020 – 1 Star Mark Stern and Flavio Santos 2 big lies I got opens trades till Nov and I will lose every single one More worse This guys take money without authorisation from our banc cards -really bad in withdraw keep far way of this guys don’t comet the same mistake!!
7 Binary Options
Tradorax has shut down their operations.
We recommend choosing one of our top binary option brokers instead:
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These days binary options traders look to trade with a web broker that makes the sophisticated world of binary options easy for them; that is where the web broker Tradorax comes into play. This web brokerage site is well designed and it reflects the large amount of binary options trading knowledge that is possessed by their design staff. It is a combination that is hard to beat if you want to be successful at binary options trading.
Online since: 2020
− Uses the TechFinancials web platform software
− They have no demo account available
7 Binary Options Rating:
For the purposes of this review it must be noted that we chose to sign up for a silver level trading account. We found that at the silver account level gave us a fairly immersive trading experience that over time would certainly benefit any intermediate level trader. Tradorax gave us all the information we needed at that level to both educate ourselves to improve our binary option trading skills and also provided us with the technical trading assistance that was needed to place winning trades too. The silver account level was exactly as described and we were impressed with all the things a trader had available to them to help them trade successfully.
When placing trades with Tradorax we enjoyed the fact we could place trades for as little as $25 or as much as $1000; it gave us the flexibility we needed to place trades that were dependent on the amount of confidence we had in them and the amount of risk we wanted to take. We were also impressed that we could get a return on investment up to 85% on most of the successful trades we placed. That is as high of a return on investment as you will see on most trading websites
User Account Levels on Tradorax
This web broker does a nice job of supplying its traders with a variety of different trading account levels. There are four different account levels that a user can be assigned to and the level assigned is determined by the amount of the initial deposit. Accounts, or loyalty programs as they are sometimes termed, have different account features that go along with them as the user’s account level increases. Once a deposit is made and the funds are in the account, then the account level is assigned and the investor can start trading.
Tradorax Mini Account
This account level is assigned when the trader deposits between $250 and $499. With this account level a user gets a personal contact once per week with a consultant, beginner trading lessons and a generous account signup bonus (more on that later).
Tradorax Silver account
This account level is assigned when the trader deposits between $500 and $4999. With this account level a user gets a personal contact twice per week with a consultant, beginner and intermediate trading lessons, a 2% increase in return on investment, 0.5% cash back, trading signals and a generous account signup bonus.
Tradorax Gold Account
This account level is assigned when the trader deposits between $5000 and $9999. With this account level a user gets a personal contact three times per week with a consultant, beginner and intermediate trading lessons, a 3% increase in return on investment, 1% cash back, trading signals, 1 risk free trade per month and a generous account signup bonus.
Tradorax VIP Account
This account level is assigned when the trader deposits $10,000 or over. With this account level a user gets a personal contact four times per week with a consultant, full trading lessons access, a 4% increase in return on investment, 2% cash back, trading signals, 2 risk free trades per month and a generous account signup bonus.
Signup Bonuses and Promotions
Not only is there a variety of account levels on Tradorax but there are also such things as sign up bonuses and promotions that will give you extra money to trade with too. Investors who trade with the web broker can get up to a 200% deposit bonus depending on the amount of their initial deposit. There is no limit on the amount of the account opening bonus and they also offer a fair 30 times the initial deposit trading terms before any of the bonus money can be withdrawn.
The bonus money is not the only perk that Tradorax offers their investors; they also do some special promotions from time to time that feature such things as an increased number of risk free trades. Once in a while they will also provide extra free trading signals to various account holders too. Tradorax certainly does a lot to help give their investors a good chance to trade as successfully as possible.
The Tradorax Web Platform
It is a site that uses the award winning TechFinancials trading platform software to help give their investors the edge they need to make successful trades on a consistent basis. Their trading platform is super user friendly and very simple to understand to say the least. Why is TechFinancial’s trading platform software the right choice; that is because It is a trading platform that is very popular among binary options traders and is also very respected throughout the binary options industry.
It is a 100% web based platform too so it does not use up your computer or smart device’s precious memory and performance capabilities nor does it require any type of plugin to use it. The platform enables each investor to use a full windows enabled website that gives you all the information and trading functions that are needed to profit nicely when trading binary options.
The best thing about the Tradorax web platform is that you have your financial asset information, web learning tools and your trading platform easily accessible and all in one place right in front of you. It does such things as provide you with graphs to do asset technical analysis, provides you with a current economic events calendar and it also helps you keep track of your current and past trades. All this is done by navigating through the site with a series of conveniently accessed drop down windows. There are few binary options trading platforms that are as easy to understand and as simple to use as the one on Tradorax.
The trading platform will automatically open up the functions that your account level entitles you to and also lets you access the very well designed learning materials that Tradorax supplies to its investors. Even beginner traders will have no problems getting used to this brokers trading platform.
Tradorax Banking Services
This web broker has some impressive banking features too and this all starts with the low $250 minimum account deposit. That is an initial deposit amount that will open up the world of binary options trading to many people of all different income levels. Their banking procedures are also very straightforward and easily accessed by the convenient drop down menus on the web platform.
After taking the time to fill out the information and opening a free account, the next step is to use the simple banking function tabs to make your initial deposit. It is important to remind you here that the more you deposit the higher signup bonus you are eligible to receive and in turn the more site features you will have access to.
The deposit can be paid using such popular methods as Visa, MasterCard, Bank Wire Transfer, iDeal, WebMoney, POLI, CashU, JCB, Maestro, Diners Club, Alert Pay, Ukash, Paysafe Card, Neteller and Inpay.
Withdrawals are often done using the same method as that which you made your initial deposit with. They can also be done with many of the other methods that are accepted for deposits too. Withdrawals are undertaken using some very strict methods to ensure your sensitive financial data is being kept safe and secure. These usually take 3 – 5 working days to initiate and then show up in your specified account. The minimum withdrawal is $100 in most cases but can go as high as $500 for such withdrawal methods as bank wire transfers; we thought the latter amount was a little bit excessive and it has some higher fees attached to it also.
So what do We Think?
Overall we were more than satisfied with the trading experience that the Tradorax web brokerage site provided us with. They have an excellent variety of learning tools available and a great web platform to trade with. Banking with this broker is easy and the customer support is impressive too. We see absolutely no reason why anyone would not to want to do their binary options trading on Tradorax; because of that, it is definitely a broker that will be placed on our list of recommended binary options trading sites.
Customer Service: Live Chat / Email: [email protected]
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