traderXP Review

TraderXP

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Review Summary :
TraderXP is simple for users of all experience levels and provides professional, trustworthy service as one of the leading binary options trading sites available.

Pros:
Simple trading platform, product is web based without required downloads, access to live help 24 hours per day, daily and weekly market reviews from experienced analysts, multiple trading options, limited rollover option allows traders to recover a possible loss

Cons: Few users reported slow withdrawal procedures and issues making withdrawals

Bonuses: up to 25% sign on bonus for new users

TraderXP is one of the leading sites for trading binary options. Created and run by experienced analysts and webmasters, TraderXP is a great site for those just getting into binary options trading, or for long-term users looking for additional options.

Binary options have been around since 2008, and are a great way for new investors to begin maneuvering in the marketplace. TraderXP makes working in binary options a snap:  Users simply choose an asset, make a prediction about whether the asset will go up or down, and choose an expiration time. The trading platform does the rest of the work while users sit back, wait for an outcome, and collect profits.

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Quick Stats:

Pricing/Deposit

  • No registration fees
  • No deposit required for registration
  • 200 USD or EUR minimum deposit required to trade, wire transfers under $500 will be charged a fee
  • Deposit maximum depends on method:
  • $5,000 for deposits via credit card
  • $10,000 for deposits via Western Union
  • Unlimited deposits via wire
  • Available deposit methods
  • Major credit card
  • Maestro debit card
  • Wire transfers
  • cashU
  • Available Currencies:  EUR, USD

Withdrawals

Withdrawal requests require the following paperwork on a file:

  • Copy of photo id
  • Proof of address
  • Copy of credit card used to make deposit, if applicable
  • Minimum withdrawal amount is 100 USD or EUR
  • Bank and wire transfer withdrawals will be charged a $25 fee

TraderXP Bonus offers

TraderXP offers ongoing bonus and award structures to its users. These are limited time offers of which users can take advantage. Bonuses are subject to a withdrawal policy that only allows bonuses to be paid to individuals who complete trading volumes at 30 times the bonus. This means 30 transactions per every dollar of the bonus.

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Available assets for trading:

Stocks: Over 30 available including:

  • Google
  • Microsoft
  • Amazon
  • Coca Cola
  • Citigroup
  • Nike
  • Currencies
  • 13 exchange levels for the US Dollar
  • 3 exchange levels for the Euro

Commodities: 7 including:

  • Gold
  • Oil

Indices: 28 international, including:

  • NASDAQ (USA)
  • ASX (Australia)
  • KL Future
  • Tel Aviv 25

Trading:

  • Payout up to 75% every hour
  • Sign up in less than 10 minutes
  • Trading as low as 5 minutes per trade
  • Additional trading options
  • One Touch Trading offers a chance to make up to 500% return when asset reaches a target price before expiration.
  • Double Up allows users a chance to double the original trade with a click of a button at the last minute if things seem to be going well.
  • Rollover option allows an expiration extension one time for each trade, as long as the expiration time is at least 10 minutes away.

Customer Feedback for TraderXP

“According to me, TraderXP is a very good platform for the traders especially for the newcomers and amateurs. An investor who really is interested in making good money but don’t have any knowledge of financial market and its working, should try trading with TraderXP.” (Portion of actual user review on the binaryoptions.com forums)

“Great customer service, platform is great. I have not tried to withdraw money yet but have had the account for a few months and am making money from it.” (Actual customer review from CoolComputing.com forum)

“I have tried this trading site/platform and am still using it to trade binary/digital options. I am constantly in touch with my advisor from this site over telephone. I also have tried other similar platforms but I found traderxp.com to be the better of all.” (Actual customer comment on Yahoo answers)

“Have you tried withdrawing money from them by wire transfer….If you have done so then you must know how basic/primitive their wire withdrawal form is. Actually, information provided in the bank wire transfer form will not be adequate and you have to send your bank information to your account manager and he will by all means try to stall your payment.” (Actual customer comment at complaintsboard.com)

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Likes:

Easy to use platform: New users can sign up and begin trading in under fifteen minutes. Unlike other binary options trading platforms, TraderXP’s platform is completely web based and users will not have to download or install programs in order to trade. Multiple platforms allow traders to customize the tool to fit their needs and comfort level, and trading can be done as fast as every five minutes with the Fast Trader Platform.

Real-time market analysis: For users who are new to trading, or specifically to binary options trading, a page of analysis on real-time business changes and events throughout the world provides research to assist in making trade decisions. Experienced financial analysts complete analysis.

Excellent customer service worldwide: Local phone numbers for support are available in a variety of countries. Help is available 24 hours per day via phone or chat.

Variety of choices: With over 83 assets to choose from, TraderXP offers one of the highest numbers of choices in the marketplace. Different trading options and extras such as Double Up and Rollover features provide a versatile trading experience for any experience level.

Dislikes:

Withdrawal issues: Few customers report problems with withdrawals, particularly slow withdrawal times or hassles in making withdrawals. TraderXP requires several copies of identification and address verification, and lists minimum payouts for wire or bank transfers.

Limited email contact: Email contact is not published, and must be completed via a web form on the site. Customers and reviewers report the web form does not always work, but easy phone and chat contact does make up for this.

Bottom Line:

For new or experienced traders looking for an easy to use platform where quick profits can be made, TraderXP provides a product known as the easiest binary options trading platform online. Those worried about withdrawal issues should start with smaller trades and work up once comfortable with the company.

CLICK HERE To Visit traderXP >>

Company Information

Global Headquarters
TradeXP LTD
Mill Mall Tower, 2nd floor
Wickhams Cay 1–Tortola
British Virgin Islands
PO BOX 4406, Road Town

website: TraderXP.com

Local phone numbers available in: Cyprus, United Kingdom, USA (Los Angeles, New York), Spain (Madrid), Australia (Sydney), Russia, Switzerland, Mexico, Canada, Hong Kong, Singapore, Bahrain (Manama), South Africa, Norway, and France