TraderXP Review

TraderXP
30% first deposit bonus
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Overview

Considering the fact that binary options came in to existance as late as 2008, TraderXP can easily be called a veteran in the business. Their website has been running since… more

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Details

Broker TraderXP
Website URL www.traderxp.com
Founded 2009
Headquarters British Virgin Islands
Support Types Phone , Email
Languages English , Russian , French , Arabic , Spanish
Trading Platform TraderXP Platform
Minimum 1st Deposit $200
Minimum Account Size $200
Bonus 30% first deposit bonus
Payout 75%
Free Demo Account Yes
Regulated Yes
Deposit Methods VISA , Moneybookers , Paypal , Webmoney , cashU
Trading Methods Binary , Option builder , One touch , 60 Second
Option Types Commodities , Indices , Currency , Stock
US Traders Allowed Yes
Tablet Trading Yes
Overall Score 86/100

Full Review

Considering the fact that binary options came in to existance as late as 2008, TraderXP can easily be called a veteran in the business. Their website has been running since 2009, giving them 4 years experience in this new and exciting way of trading online. The company was founded by a team of financial experts, and their headquarters are on the British Virgin Islands, although the company operates worldwide.

Although TraderXP has chosen a fairly standard layout, we still think it gives a good impression. It might not stand out and be the most innovative design we’ve ever seen, but on the other hand, it will not scare away traders that like the conventional way of things. After all, usability goes before flashy design elements, and clients go to a website because they want to trade and not because they want some kind of show to look at. The first thing we see is a slider which presents the different features that makes TraderXP a broker to count on. They confidently announce their large selection of assets and options, and rightly so; with over 80 options in stocks, commodities, indices and currency pairs they are sure to keep clients with a need for diversity satisfied.

We especially liked the quick sign up box on the right side of the screen on the starting page. Making the registration process as simple as possible is always a good way of doing things, as you don’t want to waste a lot of your time creating an account, especially if you haven’t tried the broker before. When your account has been created, you simply choose from one of the many deposit methods accepted on the website. You can choose from VISA, Moneybookers, Paypal, Webmoney, cashU and Neteller,which should be enough options to suit everyone.

What we like about the trading platform is its simplicity. After all, binary trading was created to be the easiest and quickest financial trading instrument, so there’s no real need for the fancy stuff unless you’re a professional. The most popular assets are conveniently located in the Hot Assets-tab. There are also separate tabs for commodities, currencies, indices and stocks. After you’ve chosen an asset that you like, you choose your position by hitting either the up-button or the down-button. Thereafter you choose an expiry date and finally you enter the amount you’d wish to invest. You are allowed to place as much as $1500 on one single option. The trading platform is web based, which means you can do all your trading business online from any computer with an internet connection. This is very convenient, as having to download software and installing it on your computer just another annoying step in the process of getting started.

Another impressive feature of the TraderXP website is the market review. In this section traders are treated with daily updates on important news events relevant to the market. It’s not every binary broker that updates their customers with this sort of information. I addition, they also offer guides, ebooks and webinars for traders of different level of skill. These two features combined makes TradingXP an ideal place for traders wishing to develop their skill set even further.

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