traderXP

traderXP

Score: 8.4
Bonus Amount: 30%
Min First Deposit: $200
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Broker Details

Name traderXP
Founded 2009
Headquarters Location Limassol, Cyprus
Support Languages English, French, German, Italian, Arabic, Spanish, Chinese, Japanese
Trading Platform Spotoption
Minimum 1st Deposit $200
Minimum Trade Amount $25
Bonus 30% First deposit welcome bonus
Options Profitability Upto 75%
Free Trade No
Options Refund 10%
VIP Account Yes
Regulation Info CYSEC (pending)
Security and Privacy Info SSL 128bit
Free Demo Account Yes
Deposit Methods Visa, Delta, Mastercard, Diners, Maestro, Solo, Skrill, Nordea, iDeal, CashU, Bank transfer
Trading Methods Up/Down (High/Low), Option Builder, One Touch (Touch/No touch), 60Seconds
Types of Assets Currencies, Commodities, Stocks, Indices
Number of Assets 53
Expiry Times 60 Seconds, 1 Hour, 1 Day, 1 Week
Account Currency USD, EUR, GBP
US Traders Allowed USA
Mobile Trading No
Tablet Trading No
Free Assistance Yes
Free videos Yes
Free tutorials Yes
Market news & analysis Yes

Home Page screen shot

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Trade page screen shot

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Pros

  • Online since 2009
  • CySEC regulated
  • Very easy funds withdrawl

Cons

  • Low welcome bonus
  • US traders can only trade stocks
  • No mobile / tablet trading
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Review

Background: traderXP was launched in 2009 and is considered one of the first online binary options brokers. traderXP main office is located…

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Background:

traderXP was launched in 2009 and is considered one of the first online binary options brokers. traderXP main office is located in Cyprus and is currently pending a CySEC EU license. Trader XP is powered by SpotOption and offers free assistance and support in 8 different languages over phone, chat or email.

The platform:

Since trader XP is powered by Spot Option 100% web based binary options trading technology you can find the industry’s standard trading methods:

  • Up/Down (High/Low) – This trading methods allows you to choose whether an asset’s price will be higher or lower then it’s current price by the end of the expiry time
  • Option builder – An advanced feature allowing the traders to set different expiry times and better tune their risk exposure.
  • One touch (Touch/No touch) – By trading with the one touch, you can decide whether or not an asset’s price will touch or will not touch a certain price range by the end of expiry time.
  • 60 Seconds – A super fast up/down trading, where the expiry time is always set to 60 seconds.

traderXP.com’s trading area is easy to use, very intuitive and display all the relevent information a trader needs in real time (expiration time, investment profit / loss, traders sentiment and more)

Pay attention to:

  • traderxp.com profitability range is maximum of 75% in regular options and upto 500% in one touch
  • Minimum first deposit accepted is $200 and the minimum trade size is set to $25
  • traderXP welcome bonus is relatively low and is set to 30% of the first deposit.
  • trader XP accept US based traders but only allows them to trade stocks.

Conclusion:

If you are looking for a well established broker who is online since 2009 and caters to many users then traderXP can be a good choice, however traderXP has some limitations compared to other binary options brokers (low welcome bonus, US traders can only trader stocks, limited profit range on ‘regular’ options for example but they make up for it in good customer service and active traders help.

traderxp.com binary options broker review
trader XP binary options review
Date Published: 03/15/2013
traderXP online binary options broker review by INVESThing.net staff
8.4 / 10 stars
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