TraderXP have ceased all operations. Please visit our recommended brokers page.

 

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Traderxp.com Binary Broker Review

  • Official Website: www.traderxp.com
  • Headquarters: Cyprus
  • Phone Number: 213-995-3028 Refer to Contact Us Page for local numbers
  • Email Address: support@traderxp.com
  • Trading Platform Used: TraderXP Platform
  • In May 2012 TraderXP stopped accepting USA Traders. We will update if anything changes.

Is TraderXP a Scam?

We do not believe that TraderXp is a scam. However they are not on our short list of recommended binary brokers. Why? well, once TraderXP stopped accepting USA traders they received a strike in our personal books being as that is where we are located. That didn’t stop us from researching them. Next, we find that they have customer service issues that were somewhat concerning. Enough so that we went ahead and gave them strike two and three…yes, we are THAT serious about getting our questions answered. Since we wouldn’t trade there even if we could, they’ve made it onto our blacklist(view here) as well but that doesn’t mean we insist you stay away from them. We just won’t recommend them at this time.

Deposit Information

  • Minimum Deposit: 200 USD/EUR
  • Deposit Methods: Credit Card, Electronic Payment, Wire Transfer
  • Credit Cards Accepted: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch), Solo
  • Electronic Payments Accepted: MoneyBookers, Nordea, iDEAL, CashU
  • Minimum $500 Wire Transfer

Types of Options Information

  • Types of Options: High/Low, One Touch, Option Builder
  • High/Low Payout Percentage: 65-75%
  • Touch/No Touch Payout Percentage: up to 500%
  • Refunds for Loss Percentage: 0-10%

Assets Available to Trade

Commodities

  • Wheat
  • Coffee
  • Sugar
  • Gold
  • Silver
  • Platinum
  • Oil (Light Sweet Crude)

Currencies

  • NZD/USD
  • USD/CHF
  • USD/ZAR
  • USD/SGD
  • AUD/USD
  • USD/EGP
  • USD/RUB
  • USD/BRL
  • USD/TRY
  • EUR/GBP
  • EUR/JPY
  • USD/CAD
  • USD/JPY
  • GBP/USD
  • EUR/USD

Stocks

  • Citigroup
  • Microsoft
  • Apple
  • Nike
  • Gazprom
  • BP (British Petroleum)
  • Google
  • Lukoil
  • Sberbank
  • Coca Cola
  • HSBC Holdings
  • Rolls Royce
  • Bae Systems
  • Reuters
  • Tata Motors
  • Turkcell
  • Toshiba Co
  • Teva Pharma
  • BNP Paribas
  • Tesco
  • SAB Miller
  • S.Bank India
  • Petrobras
  • IBM
  • Goldman Sachs
  • France Telecom
  • Fiat
  • British American T
  • Bidu
  • Barclays
  • Amazon
  • Nissan Motor
  • Hitachi

Indices

  • ASX
  • IBEX
  • Nifty
  • Nikkei 225
  • Tel Aviv 25
  • Topix
  • KL Future
  • Straits Times
  • Nasdaq Future
  • S&P Future
  • SSE180
  • Hang Seng
  • Bombay SE
  • Kuwait
  • Dubai
  • Qatar
  • EGX 30
  • Tadwul
  • MSM 30
  • RTS
  • Micex 10
  • ISE 30
  • FTSE 100
  • CAC
  • DAX
  • Nasdaq
  • S&P 500
  • Dow
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  • K van laar

    Tradorax seems a good broker! I invested 5000 dollar and made 28000 dollars with trading. Including a bonus of 5000 dollar from tradorax! Very Nice i thought! I waggered the bonus so that i can withdrawal my money! I took the risk to trade and went very good!

    I was happy with my profit and want to withdrawal 25000 dollars! I logged in and gone was my money! My account manager ( i dont even speak or know him) invested 5x 5000 dollar for 6 weeks to make my profit more! How stupid is that? Everybody knows thats not possible, its gambling!

    Contact tradorax is the most difficult thing in my life! E-mails the wont answer, telephone they dont answer or give you an answer on a brutal way!

    I let some authorities investigate this broker, they look professional, but its a scam! The never pay out only take your money and when you trade good they steel your money with an story that the account manager did that, the most stupid story!

    BE WARNED DONT USE THIS BROKER! I LOST 25000 DOLLARS BECAUSE THEY TRADE WITHOUT CALLING OR MAILING! I HAVE IP ADRESSES AND TELEPHONE COMMUNICATION OF TRADORAX, IT SHOWS THAT THEY TRADE WITH YOUR MONEY AND WHEN THEY SAY THEY CALLED THEY DIDNT!

    TRADORAX ONLY CALL WHEN THEY CAN MAKE YOU A DEPOSIT!!

    kind regards k van laar
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  • John

    Was talked into depositing 20K and made 5K. Requested a withdrawal and they keep cancelling my request. Has anyone been successful in getting a refund and if so how did you do it? Thanks John

    • ian hancock

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  • John

    I’m so glad I read these before I made the mistake of depositing my hard earned money into these scammers accounts I received so many emails and phone calls from them from different countries found out all calls were from Cyprus. When it sounds too good to be true it usually is.

  • Gravel

    Its a scam!! They took my money i have made over 400. in my 500 initial investment, try to withdraw 400 and star asking for document wich i send and nothing they now wont answer my emails..

    • Ann

      I agree its a scam. Deposited funds and when came to withdraw funds to same method, provided all documentation and they verified, but still they keep cancelling my withdrawals and reducing the balance as account “inactive”. Will not answer emails and have no live chat support on the website.

      When looking at reviews, the site seems to be listing different countries of origins so no idea where they are actually based. There does not appear to be anyone who can take this up legally as they are not regulated by anyone.

  • Rose White

    I would caution anyone thinking of trying Binary Trading to fund any account with a debit card in an account that has only a little cash in it so that unauthorised withdrawal – aka theft – lie TraderXP tried with me will be blocked by the bank.

  • Rose White

    TraderX is th worst possible scam!
    I decided to try Binary with £200 then immediately found they tried to withdraw £2000 and £400 from my debit card! When I challenged them about this unsuccessful attempted theft they claimed it was to get some operating cash but I made it clear that I was not in apposition to make such big bets and wanted to try little ones for a while. Then they did the routine of calling me with golden promises but when I tried their Touch options with each way bets that should surely have paid out they all lost! That is clearly impossible and due to TraderXP rigging the bets to prevent paying out.
    In short TraderXP is a scam operated by thieves.

  • helena

    did they’re scam? i got calling from someone,he said,he from traderxp and i won USD 5000 and after we talk by phone (he add me on Skype) i ask why i can won,and he said he not sure,and he ask again about my credit card,because i just tell him,my cc is in my dad’s hand,he took mine,so he ask me again,did i got my cc back so he can give me a double. i just scared about it,i’m just high school student :/

  • Ndubuisi Alaukwu

    Traderxp is a scam. They are bunch of fraudsters. I opened an account with them, though only $200.after trading for a while they blocked my site. All effort to login failed because l refused to deposit more money into the account. Traders should avoid traderxp. l do not know why Cyprus authority have not closed down this dubious broker as it is bringing bad name to the government , the regulatory agency and other brokers from Cyprus.

  • Christianah

    I have to comment and warn anyone trying to deposit money to this broker called Traderxp, i did not read reviews before i deposited money . I was called and tricked to open account and deposit money and that training will be given. Initially my plan was to deposit $300 but the sales person that was later my account manager said i should increase to $700 and that this is a good account for Gold clients and promise to grow the account but alas when i deposited the way he was mounting pressure on me to open the account stopped i am the one running after him. Later he came up with the idea of me increasing the account by adding more money which i refused and he stopped talking to me,when i have issues he refuse to answer. PLEASE BEWARE OF TRADERXP ,SCAM! SCAM!

  • Jwendo

    This is a scam. Deposited money. Asked for more deposits. Was unable to do so. Told to wait for 30 days to withdraw.

  • dimitar gergov

    Dear trader don’t register account in this sait .Is it a SCAM!!!-thieves scammers!!!!
    I registered .I signed up, I got a few bucks I tried to withdrawal !!!!!!!!!!OPS???
    I asked documents for verified ! I send them ……..3-4 h ago closed my account-no more account,NO Money NO Deposited Money …..
    3 days i send email’s to support……..Noting

  • Gideon Venter

    I found Trader XP as a scam.I’ved invested $3500 in them and when i requested to withdraw my money they took away $2000.After seven days i asked them when the money will be available there was no responds from them.I spoke to the Senior Account Manager which was my broker and he said that the withdraw must be approved first.Trying to make contact with him again was unsuccessfull.Everytime i speak to them they have other stories fro not refunding me.Please help,what can i do to get my money back

  • rwwr

    There are a lot of people got withdraw issue with traderxp. Traderxp is a scam, they abuse their service term to fraud client and seized clients money. If you want to take a risk trading binary options, go with someone else and just put a small amount .
    If you are a victim, please leave your message, let us work together to protect our legitimate rights and interests.