Assets: 60 underlying assets covering the USA, European, Asian and Middle Eastern markets.
Payout Rates: The effective return is 68-75% for your option expiring in the money.
Deposit Currency: You can open an account in USD or EUR. Please note that you cannot change your currency selection after registration.
Profitability: 68-75% is on the lower end for most binary options brokers.
Option Refund if Out of Money: 10% (0% – 80% on option Builder)
USA Traders Accepted: Yes (Stocks Only).
Platform: No software download is needed, as the TraderXP platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer. Registered TraderXP users have a comprehensive view of their account and its history. They can quickly view their settled options, open options, banking history, bonuses and much more. Buy me out feature, Double up, rollover, Indices, Stocks, and Commodities available.
Usability: The site is clear and neatly presented without an overload of information, making navigation around the site enjoyable. Registering with traderXP is a simple process and it gives a clear explanation and demonstration on how to purchase an option. The site’s FAQ section is comprehensive and informative, explaining a host of queries. Their Banking page is sophisticated, allowing users to select their country in order to find out the relevant methods.
Fees: Withdrawl fees change depending on the method of withdrawal: Credit/Debit Card – free. Wire Transfer – $25USD. Check withdrawal costs $10 and cashU withdrawal costs $10.
Rebates: n/a
Minimum Contract: $25 ($5 on 60 seconds options)
Expiry Times: There are 15 minutes, 1 hour and 1 day expiry times available. On the shorter end of expiry times.
Customer Service: For the non English speaker, the fact that the site is also displayed in French, Spanish, Norwegian, Arabic and Russian, makes it a highly beneficial and appealing platform for trading.
