With operations beginning in 2014, the Tradorax binary options brokers are quickly making a strong impression in the world of binary options trading.
Owned and operated by AM Capital Ltd in the Marshall Islands, with billing and clearing by Alpha Capital House Ltd in the U.K., Tradorax utilizes the TechFinancials trading platform. Investors can trade in stocks, commodities, currency pairs and market indexes with High/Low, short and long term, one touch and more options to trade binary options.
Tradorax is not yet licensed, but from what we see, their transparency will gain them licensing and regulation in a short time.
Tradorax Deposit Terms & Conditions
Depositing funds into Tradorax is not a difficult process. They do follow AML procedures, so when depositing, you will have to provide documents including a photo identification, a utility bill showing your name and address and a copy of the credit card used to deposit.
All you need to do is create an account and click the deposit button. Choose a deposit method. The minimum deposit is $250. There are 3 methods you can use to deposit. They are:
Credit or debit cards
or Wire transfer (the minimum deposit for this method is $500, and there is a $25 fee)
It is that simple, and funds will be available for trading as soon as Tradorax receives them.
Tradorax Bonus Terms & Conditions
Tradorax does offer investors some lucrative bonuses, but traders will want to consider the terms to these bonuses before accepting them.
The Tradorax policy is that to be able to withdraw the bonus and any profits gained while having it, investors will have to trade in volume 30 times the deposit + the bonus amount. So, if you deposit $500 and receive a $100 bonus, you will have to trade in volume $18,000. These are quite high conditions, so please keep that in mind before accepting any bonuses.
Tradorax Withdrawal Terms & Conditions
The same documents that you provided Tradorax during deposit will also have to be sent for a withdrawal. While this may seem obtrusive, it is done for your protection. Tradorax wants to make sure you are getting the money that is rightfully yours. When you file a withdrawal request, it will take Tradorax up to 5 business days to process that request.
To withdraw, you just simply log in and visit the banking area. Click withdraw and choose your preferred method. There are no fees to withdraw via CashU or Credit card, but there is a $25 fee for wire transfer withdrawals.
The system is that simple, and Tradorax is good about getting the money back into the hands of the investor.