Updated Review of TraderXP Forex Broker
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Established in late 2009, TraderXP offers intuitive trading solution for binary options of the financial markets. Located in the British Virgin Islands, the broker brings the opportunity to trade commodities, currencies, indices and stocks and earn up to 75% profit on each transaction.
In binary options, you buy options on the selected assets on a fixed expiry time and benefit from the prediction of the price changes which occur within the preset time range. The profit and the risks are known upfront and there are no surprises, unlike in stocks and currency exchange.
TraderXP reviews the platform as one of the easiest binary options platform available with no software installation required. The platform is web-based and can be accessed anywhere anytime, as long as you have the access to the internet.
With TradeXP broker you have an option of 4 different trading types:
Traditional Binary Options with profits up to 75%
Option Builder Options
One Touch Options with returns up to 500%
60 seconds Options
The minimum amount to trade is $10. Traders can choose from over 23 different stocks, 15 currency pairs, 4 commodities and 13 indices to trade.
Compared to other binary brokers, TraderXP doesn’t go all the way to 80%+ in returns, and offers the average of 68% -75%.
A big advantage of the broker is the offer of refund for unsuccessful trades from 5% to 10%.
Minimum deposit requirement is $100. TraderXP allows expiries that are as low as 15 minutes and 30 minutes and as much as one week. Accounts can be opened in US Dollars or Euros.
Deposits and withdrawals are accepted with the following payment options: CashU, Credit Cards, iDEAL, Maestro, Skrill, Nordea Netbank, Wire Transfer.
Promotions and Bonus Offers
TraderXP reviews the bonus offers on its website. Make sure to check the latest offers once in a while. Currently there is 25% welcome bonus on your first deposit.
The support representatives can be reached by email, phone or Live Assistance feature on the front page of the broker’s website. The website is available in many languages, including Arabic, Chinese, English, French, German, Japanese, Russian, Spanish.