Get a free $10,000 demo account!

Your capital is at risk
Binary Options are prohibited in EEA

Tradorax Broker Review 2016

  • Min. Deposit $250
  • Min. Invest $25
  • Return 85%

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 2012 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.

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.

Tradorax - Review Conclusion