TradeXP Review

TraderXP came into existence in the year 2009 and was among the earliest online trading firms. It was established to provide traders with a user friendly yet sophisticated platform to invest in financial markets. It is based in British Virgin Islands. TraderXP offers traders an opportunity to trade financial assets in the form of binary options for commodities, currencies, indices and stocks. It has committed itself to provide investors profitable returns on their investment. Due to their commitment towards creating a pleasant and profitable experience for the traders, TraderXP has become one of the most trusted and reliable binary options broker on the internet. TraderXP’s online trading platform does not require any installation and is one of the most user friendly trading platforms available online. A trader can trade on TraderXP from anywhere in the world and at any time of his choosing provided he has an active internet connection. At TraderXP an investor has four different options to choose from. They are:

  • Traditional Binary Options
  • Option Builder Options
  • One Touch Options
  • 60 seconds Options

All the four options are different from each other and are designed to achieve specific goals. Depending on the type of option the trader wants to trade in he can choose among the four options.
TraderXP has few notable features which are designed for the benefit of the trader. Double-up and Rollover are two such options which allows the trader to increase his profits or to reduce his losses. Double-up tool is very useful to a trader when his investments are going the way he predicted. It allows the investor to create a similar asset as the existing one but at the current rates. This helps the trader to make extra profits. Rollover is a tool that allows the trader to reduce his losses or to convert a losing trade into a winning one. This tool allows the trader to roll the expiry over to the next available slot if he thinks that his trade is heading towards a loss. This is a very thoughtful tool that minimizes an investors risk to a certain extent. When it comes to payouts, investors who are in the money can expect an average return of 68% to 75%. Even traders who have fallen out of the money can sometimes get a refund of 5% to 10%.

Since there are a lot of financial transactions involved, TraderXP also places emphasis on security. They offer several ways for an investor to deposit funds. They have partnered with several reliable and reputable firms to help the traders deposit funds securely into their trading account. The withdrawal process is also easy and simple. To make deposits or to withdraw funds traders can use CashU, Credit Cards, iDeal, Maestro, Skrill, Nordea Netbank, and wire transfers. TradeXP also has a customer support team which can either be reached through live chat or by e-mail. They also have localized phone numbers in few countries where they can be contacted for queries regarding trading.

Summary
Review Date
Reviewed Item
TraderXP Broker - Binary Options Trading
Author Rating
3

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