- Established in:
- Maximum leverage:
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- Languages available:
- Arabic, Russian, English, French, Spanish
TraderXP is a Cyprus-based binary options trading platform and brokerage. This TraderXP review takes a detailed look at the company's investment system and customer support practices. Major features of the service include multiple payment options, an easy-to-use online trading interface and significant bonuses for making deposits or referring friends. Many traders will find that the features offered by TraderXP are perfect for their trading needs.
TraderXP's system enables an investor to buy options linked to one of many global securities. They consist of 17 specific stocks, 20 stock indices, 12 national currencies and four commodities. The secure trading interface is completely Web-based and delivers convenient access to relevant financial news.
This brokerage provides customer service between 8 a.m. and 5 p.m. UTC. It offers several different contact methods. Traders can directly email the company, call one of three phone numbers, or fill out an online contact form. There are customer service representatives in Australia, the United Kingdom and Canada.
For real-time support without the expense of a phone call, investors may use the firm's live chat feature. Friendly staff members provide clients with useful answers to their questions. The website also supplies helpful FAQ listings and other information. Traders must understand one of nine supported languages to read it.
TraderXP makes its services available to investors from many countries around the world. This is why the company supplies multiple versions of its website in various European and Mediterranean languages. They include Russian, Arabic, German, Italian, French, Norsk, Spanish, Turkish and English.
Deposits and Withdrawals
Traders can use one of numerous methods to deposit money in their accounts. This firm accepts debit cards, wire transfers, credit cards and various third-party payment services. It only allows deposits and withdrawals of at least $100. To withdraw cash, members may use wire transfers or credit cards. A fee applies to wire transfers.
When traders refer new users to TraderXP, they earn $50 bonuses. However, this only occurs if the referral deposits at least $200. Deposit bonuses change from time to time and usually range from 30 to 100 percent. A free investment e-book is included as well.
TraderXP expiration times range from 15 minutes to 24 hours. The brokerage pays out on trades that win by margins as small as one pip. Execution time is quite fast, and the trading interface also loads quickly. As of 2014, the total number of investment assets has reached 53.
Unlike some brokers, TraderXP is not regulated by any government agency. A few binary options websites suggest that it may have applied for a license, but this cannot be confirmed. Due to Commodity Futures Trading Commission rules, this firm does not accept American investors.
To sum up this TraderXP review, the brokerage offers a streamlined yet comprehensive platform as well as numerous payment, language and customer support options. Traders also benefit from generous referral bonuses and the ability to make investments that are linked to a wide range of assets.