Tradorax Broker Review ¦ Trustworthy Binary Broker in South Africa

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Tradorax Broker Review 2020

Tradorax broker review confirms that a group of experienced financial trading expert traders have established Tradorax binary platform to provide something different but profitable to traders in South Africa.

This broker is operated and owned by the Alpha Capital House Ltd. Tradorax is present since 2020 and since that time, they offer trading services and features to traders on global market, as well as on South African market.

Below in our Tradorax broker review, our readers can find detailed information about their trading platform and what features are available to use.

Tradorax Trading Platform

Tradorax broker review has showed how they use TechFinancials software, one of the best software providers when participating in binary industry. Their technology level is positioned very high and therefore, it is simple for traders to use this platform for trading binary options.

Required deposit to begin trading with Tradorax is $250, with highest return up to 85%. Minimum investment is set to $25, while maximum is $1000.

Our Tradorax broker review shows how available currencies are: USD, EUR, GBP and JPY. Traders can also use bonuses up to unlimited bonus amount as visible from their platform.

Tradorax Trading Features and Services

For traders to have all necessary trading instruments and services, Tradorax prepared a list of many trade options, which South Africans can use in the trading process. Available trade options on Tradorax platform are: High/Low, 60 Seconds, Boundary Options, One Touch, Ladder Options and Long Term.

Traders can also choose preferred time of expiry for a trade to be completed. Therefore, they can choose between 60 s, 2 min, 15 min, 30 min, 1 hr, end of day and end of month.

Our Tradorax broker review reveals how South African traders can trade with more than 100 assets, covering currencies, stocks, commodities and indices. Full list of underlying assets can be seen under Asset Index tab.

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Tradorax gives access to rich bonuses as high as 200% along with particular promotions. Side by side, successful traders are given risk-free five trades to increase profit. Traders are recommended to understand conditions and rules related to promotions.

Due to user-friendly rules, traders are given facility to withdraw funds after accomplishing 30X turnover. VIP signals are generated to improve the chances of successful trades.

Tradorax platform has designed learning tools to provide a track for present and past binary trades, graphs to analyze assets and calendar to show important economic events.

This broker has also implemented mobile app, which is mostly used by busy traders and this way, they can get access to trading platform even on the go. Tradorax mobile app is connected with both Apple and Android devices.

With Tradorax app, it is possible to have easy overview of trade history and possibility to trade binary options with same features and tools, just as on web-based platform.

Tradorax Trading Accounts

Traders in South Africa have on disposal to select account type, according to their wishes and plans. Tradorax has prepared six different accounts, each with its characteristics.

Tradorax Mini account

  • Assistance of personal broker (once a week)
  • Education Center
  • Mobile and web based platform
  • Guide lessons for new traders

Tradorax Silver account

  • Assistance of personal broker (twice a week)
  • Education Center
  • Mobile and web based platform
  • Guide lessons for new and intermediate traders
  • Additional 2% on all trades
  • Cashback 0.5%

Tradorax Gold account

  • Assistance of personal broker (3x/week)
  • Education Center
  • Mobile and web based platform
  • Guide lessons for new and intermediate traders
  • Additional 3% on all trades
  • Cashback 1%
  • One per month risk free trade

Tradorax VIP account

  • Assistance of personal broker (4x/week)
  • Education Center
  • Mobile and web based platform
  • Guide lessons for intermediate and pro traders
  • Additional 3% on all trades
  • Cashback 1%
  • One per month risk free trade
  • Trading signals

There are Self-managed and Savings accounts for professional members. To get detail about account types, features and registration process, interested traders need to ask a broker.

Tradorax Customer Support Service

Tradorax broker review declares that a lot of attention is given to customers for satisfactory response.

The staff offers unmatched services 24/6 through live chat, email, web form and Skype.

To receive general information, South African can contact Tradorax on email [email protected] and [email protected] For South African traders, phone service and communication facilities are provided in different languages.

To improve the level of trading, standard lessons are designed along with guide sections, video library, glossary and FAQ database.

Tradorax Banking Info

Tradorax is supported by bank wire transfers, debit and credit cards and global payment providers. It is allowed to submit 250 GBP, EUR or USD initial deposit; however wire transfer takes charges if the payment is less than 500.

On the other hand, withdrawal requests are accepted instantly by Tradorax finance department. Clients are suggested to provide proper documentation to accomplish compliance rules as per international laws.

Scanned copy of residence proof and government issued document such as driving license, passport or ID card is required documents for account identification.

Tradorax broker review states that safest method is used for withdrawal. There are multiple protection layers and SSL based 256-bit system in order to encrypt account information and personal information.

True-Site and McAfee security systems are applied to make Tradorax site secure. It is necessary for registered traders to verify the identity before finalizing Tradorax withdrawal.

Tradorax review reveals how available payment methods are:

  • E-wallets: Skrill, Neteller, QIWI, CashU and WebMoney
  • debit/credit cards: Maestro, Visa, Mastercard, Visa Electron and Diners Club
  • Bank wire

Minimum withdrawal limit is $100 that can be taken out on monthly basis without paying commission fees. In case, traders need to withdraw additional funds in the same month, they have to pay $30 charges.

It is necessary to declare that withdrawal requests need to use the particular method that was used for depositing funds. If trader cannot withdraw funds from same method, the Tradorax broker gives favor and processes the request to transfer funds through wire transfer.

Tradorax registered traders have to wait for three to five working days so that withdrawal request can proceed. In addition to request process, it takes above one working week to transfer funds from broker’s account to customers’ accounts.

To begin withdrawal process, South Africans should login to their trading account and press the Banking button to select the required amount to take out.

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    *Amount to be credited to account for a successful trade.

    Tradorax Review

    Tradorax is no longer available !

    Trading binary options with Tradorax is an easy experience due to it many advantages. Established in 2020, this broker is owned by Alpha Capital House Ltd, London, UK. As one of the modern binary options brokers, main goal of Tradorax is to enable their traders a safe and profitable binary options journey.

    To know more about Tradorax and its trading platform, read our full Tradorax review.

    Tradorax is one of the rare brokers in binary options brokers who welcomes US citizens to join and use their trading platform with multiple trading tools and services available. Being a trustworthy broker, Tradorax has gather many traders around the globe, interested in this new online investment world and to them, this broker provides the best from binary options trading.

    Minimum deposit is $250 and there is no limit for maximum bonus. Minimum investment for Tradorax is $25 and maximum investment $1000. With Tradorax, traders can deposit with few avaialble currencies: EUR, USD, GBP and JPY. Maximum possible return that traders can achieve is 85%. For more on available trading features, check below in Tradorax review.

    Tradorax Trading Platform and Features

    In just years in binary options industry, Tradorax has build up a name for itself to be a reliable broker with secure trading platform, using TechFinancials interface. Their technology is one of the reasons why this broker is a successful one and registered traders can navigate over the platform without any difficulties. TechFinancials offers full window platform, where traders can easily trade binary options and maximize profits.

    Tradorax review reveals a wide selection of trade options and expiry times, which are all available to use on TechFinancials interface. Traders are more than welcome to trade binary options, using High/Low, 60 Seconds, One Touch, Long Term, Boundary and Ladder Options.

    Available times of expiry are: 60 seconds, 2 minutes, 15 minutes, 30 minutes, 1 hr, end of day and end of month. To their traders, Tradorax offers more than 100 underlying assets to choose from, which are sorted in 4 categories: stocks, currencies, commodities and indices. To know exactly which assets are available, traders can check that in Asset Index section.

    With Tradorax, traders can enjoy in multiple available trading features and services. All of them can be of great help to achieve success in the trading process, by using a variety of useful instruments and services. One of the most popular services is mobile version.

    Mobile trading is very popular among binary options traders and it is no wonder that Tradorax has implemented it also on its trading platform. This mobile app is available on both Android devices, as well as on Apple devices. Mobile trading allows traders to experience trading on the go, with necessity to always be in front of the monitors.

    Tradorax review shows how this broker offers to their traders several promotions, including 5 risk free trades, VIP signals and up to 200% bonus. Bonuses are available for all traders and welcome bonus can vary from 50-200%. To withdraw funds, it requires from traders to make 30x turnover bonus. Trading platform is simple to use and terms & conditions are excellent explained which only contributes to more clear business transparency.

    Tradorax Account Types

    Binary traders can use 6 different account types, available on Tradorax platform. All accounts differ from each other by its features and height of deposit amount. Traders can choose among Mini, Silver, Gold, VIP, Saving and Self-Managed Account. Here in Tradorax review, you can see features for particular trading account.

    Tradorax Mini Account

    • $250 minimum deposit
    • Education centre
    • beginners trading lessons
    • personal broker once a week

    Tradorax Silver Account

    • Education centre
    • extra 2% for each trade done
    • beginners and intermediate trading lessons
    • personal broker twice a week
    • 0.5% cash-back
    • trading signals

    Tradorax Gold Account

    • Education centre
    • extra 3% for each trade done
    • beginners and intermediate trading lessons
    • personal broker 3x per week
    • 1% cash-back
    • 1 risk free trade per month
    • trading signals

    Tradorax VIP Account

    • Education centre
    • extra 4% for each trade done
    • intermediate and advanced trading lessons
    • personal broker 4x per week
    • 2% cash-back
    • 2 risk free trades per month
    • trading signals

    Tradorax Saving Account and Tradorax Self-Managed Account

    • for all details, ask your personal broker

    Tradorax Customer Support Service

    Tradorax is paying a lot of attention in providing quality customer support because traders’ satisfaction is very important element while trading binary options with this broker. In Tradorax review, traders can contact support, which is available 24/6. Tradorax provides their traders with many available communication possibilities.

    Traders can contact this broker on email, telephone, live chat, Skype and web form. Traders can use [email protected] and [email protected] for general information. Phone numbers are available for following countries: UK, USA, Germany, Switzerland, Hong Kong, Australia and South Africa.

    As regards to multilingual platform, traders can use English, Russian and German version of trading platform.

    One of the things we were most surprised while reviewing this broker is available Education Centre. Tradorax site is full of important educational material, intended for both traders beginners and experienced traders. They offer basic and improved level of trading lessons, video library, guide section, FAQ database filled with many trading answers and glossary.

    Traders are allowed to use Economic calendar that can assist them to decide how to choose the best trading strategy and what are the most used trading instruments while trading binary options. Entire Education Centre is an valuable indicator how we are talking about a reliable binary options broker with more than enough trading features and services.

    Tradorax Banking and Company

    In order to provide their traders a top level of security, this broker uses two types of safety to protect traders’ information: McAfee (HackefSafe) and Secure Sockets Layer (SSL). All communication on their website is 256 bit SSL encrypted.

    For traders to be able to deposit or to withdraw funds with Tradorax, they first have to provide this broker several documents, such as proof of identification and proof of address. As mentioned above in our Tradorax review, minimum deposit amount is $250.

    Traders have on disposal several possible payment methods, such as debit/credit cards, bank wire and e-wallets. From card payment, registered traders worldwide can use Maestro, Mastercard, Visa, Visa Electron and Diners. Some traders prefer bank wire transfer, while other e-wallet option, such as CashU.

    When we talk about withdrawal process, everything is very detailed explained in FAQ section. Minimum withdrawal amount is $100. One withdrawal per month is free, while for additional withdrawal in the same month, fee will be charged $30. For traders to withdraw their funds, first they have to submit a request.

    It takes Tradorax 3-5 business days to process the request and additional 5-10 days for money to be visible on trader’s account. Traders initially have to login to the trading account and click on Banking button to start withdrawal process. Then, they should click on Withdrawal button and enter preferred amount to withdraw.

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