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TraderXP Review

TraderXP has grown with the binary options industry after its introduction into the binary options market in 2009. Known for its reliability and quality of service, and having a long experience as a reputable broker, TraderXP has already established a wide financial clout that reaches traders from around the globe.

The brand is a property of Trade XP Limited and is headquartered in Limassol, Cyprus. The region is known for having strict regulations when it comes to the licensing of binary options trading platforms. TraderXP is composed of financial experts whose vision is to create a trading website backed by a state-of the-art technology supported by the SpotOptions platform. Trading options are made available to investors in a single click, making it a unique trading platform designed to meet the needs of newbie and seasoned traders.

User Interface
Traders will appreciate the simplicity of the TraderXP website. It is easy enough to use for new traders, yet it provides advanced features useful to expert investors. These makes up for the lack of a flashy design common to new binary options sites that recently saturated the financial industry. As a web-based platform, the website does not require downloading special software for trading to commence.

Creating an account was just as easy. Yes, there were the customary fields to be filled out but, it was just basic questions that needed to be answered. Accessing the different intuitive portals was a pleasant experience as well.
What we especially like was the “How to Trade” guide at the side bar, a constant reminder for investors on how to initiate trading. As a whole, using the TraderXP website was effortless.

Platform Features
Traders are treated to a wide array of 53 asset choices: 4 commodities, 12 currencies, 17 stocks and 20 indices.
TraderXP recognizes that every investor have different preferences. Aside from the traditional Up/Down options, there are other options to choose from which are located in the homepage and conveniently arranged in tabs for easy access. One Touch offers a potential of a 500% return by predicting on market prices reaching a specified level within an expiry time. Option Builder allows investors to customize the way they trade by selecting the asset, expiry time, risk preferences, and investment amount. The Fast Trader platform offers advanced capabilities such as displaying 9 windows of concurrent trades so that multi-trading is possible.

Most notable among the features of TraderXP is the “Rollover”. What it does is it delays the expiry time and executed within 10 minutes that the binary contract will end. It can be used only once per option and we think this is not that bad, albeit it provides the flexibility that a trader needs when a trade is projected not to finish In-the-money. “Double Up” is also one exciting feature that replicates the original trading preferences/set up on trades that looks promising, potentially doubling profits from that trade.

An up-to-the-minute market review is also one attribute that separates TraderXP from other brokers. With numbers provided by Reuters, this guarantees the accuracy of information provided to all traders which is important in executing an educated investment. The trading videos are informative, and along with the trade manuals, will definitely increase potential for profits.

Deposit/Withdrawal Methods
Different methods for depositing money are supported by major debit and credit cards, as well as e-wallets. For withdrawals, traders can also use wire transfer to claim profits. We found the website affordable with its minimum deposit amount of $100 only and with the lowest trading amount at $10.

Customer Service
Establishing correspondence with customer support is via live chat, email and phone support. Initiating live chat, a polite and well-informed representative greeted us and helped us with informative responses to our queries. Email services were a bit doubtful, though. We ran into some difficulties sending email messages and couldn’t get through.
Phone support is available in 10 languages which include Arabic, English, French, Russian and Spanish, among others. International traders will appreciate the availability of customer service representatives that are ready to discuss trading with them in their native tongues.