tradorax-logo-150-whiteNowadays, more and more binary options brokers are making the move to get regulated by CySEC. In many ways, this is a good thing, but it does come with a huge drawback for USA traders. CySEC does not allow USA traders to participate, so this means that fewer and fewer brokers are accepting USA customers. Out of those who do … well, most of them you should avoid.

  • Official Website: https://tradorax.com/
  • Headquarters: Marshall Islands
  • Phone number: 16469777912
  • USA traders allowed
  • Trading platform: TechFinancials

Is Tradorax a Scam?

Trusted Binary Options Broker By BinaryOptionsBlacklist.comYou may be worried that Tradorax is a scam since the broker is unregulated. While regulation is a good sign that you can trust a company, it is not a must for trust. There are other foundations for trust as well. For example:

Tradorax has a well-designed website which actually works. Seriously, I cannot tell you how many binary options brokers I have seen that have buggy websites with errors all over them. It is amazing how little care most brokers put into their services. Tradorax has gone the extra mile to ensure that traders are getting a great experience from the moment they type in the URL.

Tradorax offers features which truly benefit traders. These include risk-free trades on a monthly basis (at the upper account tiers), higher returns on trades, and a free educational center.

Going off of the features they offer and the current feedback found from around the web we are giving them the trusted badge.

Deposit Info – Minimum Tradorax Deposit

tradorax-account-types-650

You can deposit using your credit or debit card, wire transfer, or Neteller if you want to trade on Tradorax. Your account currency can be EUR, USD, GBP, RUB, or JPY. The minimum deposit is $250 (which will get you a Mini account), but if you want to use wire transfer, you have to deposit at least $1,000. This will get you access to a higher account tier and all the resources that come with it, so it may not be a bad thing if you can swing it. Plus, with a $25 minimum trade, you definitely want to deposit more than $250 for reasons relating to sound money management.

You get one free withdrawal every month. After that, you need to pay a fee. While this is not wonderful, it is not terrible either (and pretty much in line with what most binary options brokers do).

Types of Options Available

tradorax-trades-425

There are four types of options you can trade on Tradorax. These include High/Low, One Touch, Boundary, and Short Term. You can trade on your desktop, laptop, or mobile device.

High/Low trades, One Touch trades, and Short Term trades are all very common; most binary options sites offer them these days. When you enter a High/Low trade, you just say whether you believe price will trade up or down from its current level. When the trade expires, if price is doing what you said it would, you win a payout. Short Term trades are just the fast version of that, taking place on a one to five-minute timeframe.

What is a One Touch trade? With this type of trade, you predict that price will reach a certain level before the trade expires. If you are right and that is what happens, you win the payout.

What about Boundary trades? This is one of the things that really excites me about Tradorax. While Boundary trades have been around for years, most other brokers fail to offer them, and they are one of the types of trades which makes binary options a unique opportunity. With a Boundary trade, you wager on price remaining inside a certain defined channel. In other words, you are profiting when price doesn’t move. That isn’t something you can do with traditional stock or FX trading.

Trading and Training Features at Tradorax:
tradorax-platform-650-2
Trade as little as $25, or as much as $5,000. Yes, the lower end of that range is a little higher than it is on a lot of other broker sites, and that is not great—but the upper end is significantly higher than the $1,500 ceiling most sites impose. It is a wider bracket overall, which is a good thing, especially as you grow your account.

Tradorax has a comprehensive Educational Center with training videos to help you learn how to trade. Other useful features include trading signals, risk-free trades, higher payouts for account holders at the upper tiers, and cash back.

There are a lot of promotions on Tradorax. You can get a 200% match bonus on your first deposit and five risk-free trades. You also get trial access to the VIP signals. Judging by the fact that there is a page for promotions, I would not be surprised if Tradorax offers other promotions throughout the year.

What Can You Trade on Tradorax?

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Final Thoughts on Tradorax

While I have tried to describe some of the features and extras which make Tradorax superior to so many competing brokers, much of it is in the general design of the site, the information provided, and the TechFinancials platform. The overall quality is just so much higher in every respect. You can really see the time and attention that Tradorax has put into making their site one of the best. The message that sends is simple and clear. This is a company that takes your experience as a trader seriously, which means they also take your business seriously.

In short, I can easily give Tradorax a high recommendation based on my research—especially for USA traders, who otherwise have a very limited selection. Most brokers who still serve USA clients are unregulated, and it shows. This broker may be unregulated, but the company seems to be making up for it by setting their own standards.

Visit Tradorax.com to get started.

Trader Reviews of Tradorax

Have you traded there? What was your experience? Good, bad or inbetween? Please let others know by leaving your ratings and comments below.

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78 Comments on "Tradorax – Scam Or Legit?"

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Johan van Staden
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Johan van Staden

Hi i won’t recommend tradorax to any body. They are very quick to take your money.If you want to withdraw money they send u a number. The bank cannot trace it. They refuse to help to track your money. When your money is in the account, they just put it on robot trading without your permission, and you loose most of your money. It don’t help to mail there support team, they just ignore u. I think they are a undercover scam trading company. Beware don’t trade with Tradorax

 
Leon
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Leon
I have traded on the platform. I was directed to ttadorex by the Saffa way. My first mistake. I traded with 500usd and it was wiped out within 2 days. The question is why? No online support; the minimum trade amount 25usd is too rigid. You cant really apply money management with this type of limit. The only thing that kept me in the game was the forex platform. And ultimately the so called signals provided by the signals provider are useless. I lost most of my account by using these signals. Further the platforms do not have trading tools… Read more »
Elaine
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Elaine

Tradorax is most definitely a scam. I have requested a withdrawal but they have not made the payment and they have changed my password so that I cannot get into my account. Do not allow them to steal your money!

 
Elaine
Guest
Elaine

Tradorax is most definitely a scam. I have been trying to withdraw funds but the do not allow me to. They have changed my password so that I cannot get into my account and they phone me non-stop trying to get me to deposit more money. Please don’t trade with them!

 
Theo
Guest
Theo

Reading the comments realised am an idiot and i gave a deposit of 250£ today and they said they will have a financial advisor calling me Monday morning and i also need to send some ID proof and documents to verify the account. Will they returm my deposit if i dont procced with the agreement as i havent sent any forms to them yet?

 
Smaller then a dwarf
Guest
Smaller then a dwarf

Tradorax are criminals-do not go there!They are cruel people, torturing you by lies,cancelling withdrawal requests,not reliablity.Those guys I hope will catch the police soon and put them into prison.They told you can withdraw next day if you want.After deposit say to trade on month minimum before.You have to get a call for withdraw confirmation but do not keep any call beack time.They are not trustworthy.Doing hurt to peoples heart.

 
A NASH
Guest
A NASH

DO NOT INVEST YOUR MONEY WITH TRADORAX!! IF YOU DO IT WOULD BE THE SAME AS BURNING IT! They will place losing trades using all your funds without your authority, permission or knowledge & once you have deposited money you’ll find it just about impossible to withdraw any of it. STAY AWAY!!

 
Neri
Guest
Neri

The positive comments on this site are written by Tradorax because in all of my internet searching (and I have done extensive research), you won’t find a single positive comment unless written by Tradorax or someone that Tradorax has bribed!

 
Neri
Guest
Neri

TRADORAX IS A SCAM. If you don’t want to lose all your money, stay away from them. They are criminals and they are very cunning. They know how far they can push you to invest your savings by tempting you with deals that sound wonderful but all they are, is more lies. They don’t use their own names and if they owe you money, they will ignore you by not taking your calls, ignoring your emails and Skype requests.
DO NOT, UNDER ANY CIRCUMSTANCES, USE THEM!

 
Rick
Guest
Rick

I was looking to see if they use a financial company when the credit card was charged, but is charged to Tradorax. Other Binary Options uses a different company when you make a deposit that is easier to track, or to try to get some of your funds, or all your funds back.
Flavio Santos, Jake Taylor, and Sam Stevens. Here are some of the account managers I dealt with

 
Rick
Guest
Rick

I will stay away from Tradorax they will steal your funds. I invested first 2K, the account went to 4K, then invested another 4K, and the account kept increasing until the account got above 20K. They kept changing account managers. They will get some long trades going, once they expired, account will sit idle. Submit a withdrawal of my funds available to me, bot the bonus, and it was declined. Try contacting them they will not answer the phones, or emails.

 
Ryan Pearson
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Ryan Pearson

It’s a really reasonable platform, not the most diverse and professional out there, i must admit, but i was able to gain nice profits and WITHDRAW them. i had many issues doing that with other companies, so i am thankful for not having to fight over my own money with this broker

 
Truth reveal
Guest
Truth reveal

You are someone from tradorax. Stop lying.

 
Coleen Edwards
Guest
Coleen Edwards

at first i really believed that i was not able to manage a trading account, i had people around me saying this was not the field for women and i truly feared getting into this world. My husband was very supportive though, he promised me we’ll do this together and that worst case scenario – we could lose 200$. luckily i did listen to him, and for 2 months now that i’ve been seeing initial and promising profits coming in from our Tradorax account (:

 
Coleen Edwards
Guest
Coleen Edwards

at first i really believed that i was not able to manage a trading account, i had people around me saying this is not

 
Adam Travis
Guest
Adam Travis

Hi there, i joined the binary world about a year ago with no experience at all (well, maybe just a little, simple economic understanding) at the market. My experience started to be gained once i joined Tradorax, and that’s where i learned everything i know. I wanted to explore the platform of my own and i came to a realization there are simple but accurate strategies that just work with this platform, and maximize ur profit! If anyone’s interested to know more, let me know.

 
Simon Santucci
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Simon Santucci

hi adam i have just invested £5,250 do you think this is a scam as not hearing great reviews ,and is it possible to get your money out when needed

 
John Gump
Guest
John Gump

If you funded your account with a CC, then you can contact your CC bank and tell them you are not receiving the services and you want to dispute the charges. You have 60 calendar days to do that. Do it now.
TRADORAX stole $31188.50 from m. Don’t let it happen to you. Go to the Forex Peace Army site and see Court cases. I am JG 2835 Vs TRADORAX.

 
Tiffany Sterling
Guest
Tiffany Sterling

Overall, I’ve been having a good experience with Tradorax. I’m a student on my 2nd year and obviously short of money, and since I realized I’m not going anywhere exciting financially I figured out I had to take the chance. I got into binary options really hard and then heard of Tradorax. Their representative was very kind and accepting and made me confident to go for my first investment. I got a lot of help from them, especially for the fact I was a student and that it was my first time trading. Profits did not procrastinate to come.

 
Joe Lucas
Guest
Joe Lucas

I joined Tradorax starting off with the minimum amount of 250$. Unlike other companies, I was not forced or talked to in order to put in some more. My financial advisor really calmed me down and advised me to start off small, cautiously. I haven’t invested more until I saw my profits are coming in. Honestly i thought i’d make more out of it during the first weeks or so, but no complaints.

 
Brett Sheppard
Guest
Brett Sheppard

Nice service and good availability from their side. I did enjoy the fact I had sort of a personal trainer who knows a lot about this field. It kept me confident knowing that sometimes you may lose a little bit, but that’s only just to rise up again. Overall I’ve seen some nice profits out of Tradorax. Props

 
Pete Kemp
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Pete Kemp

Tradorax is good but I wasn’t able to upgrade myself above certain level of amounts, let’s put it that way. That’s why I went ahead and opened another account to run along with my Tradorax account. So if you’re thinking of joining Tradorax go ahead and do, but make sure to run another one at the same time.

 
Alberto Varchetta
Guest
Alberto Varchetta

Unfortunately they’re not available to you 24/7, as for service giving and account managers ready to assist. Nevertheless, their withdrawal process is one of the easiest I’ve experienced… to me that’s adequately essential.

 
Jose Arroyo
Guest
Jose Arroyo

I don’t mind saying I’m not a coward type of person, I like taking risks, and I like when they pay off! I was sick of watching my money just sitting somewhere without any real possibility of growing. I didn’t want to put it in any sort of a bank plan, their returns are lame and I prefer dealing my business my own way. I gave Tradorax a shot for the first time handling with binary – and now I watch my money pile up the way I want it. Take a chance too. Don’t give in to your bank.

 
Frank Klein
Guest
Frank Klein

Honestly I never imagined I could make it in the market. Economy and myself, we’ve never been good friends, that’s what I thought at the beginning. When their financial advisor called me on the phone I was being very negative towards the idea. What I liked about it is that he promised to help me and accompany me step by step through this whole process, until I feel confident enough. And so I took it slow, making every trade along with him. Great professionalism and human relations from their side.

 
andro
Guest
andro

these comments are scam comments do not trust it, i have documentted voice recordings and docomentted all my acocunt with screen shoots, and skype chats . they are scam and they will trade your money with out letting you know and you will lose your money. dont fall into there trap!!!

 
Joanne Burke
Guest
Joanne Burke

I must admit the binary world came to me at a very desperate point in my life. I just got divorced, I have two little children to take care of, and unfortunately I only work part time. After having one experience with binary options, which turned out to be very bad and in its end I felt like I was taken advantage of, I came across Tradorax’s account manager who offered me their recovery plan. I’m still recovering to get back on my feet but I’m on my way there thanks to them being adequate and reliable.

 
Gary
Guest
Gary

Tradorax are crooks. Traded my deposit money without my permission. Locked me out of my account. Had to go to my credit card fraud department to get my money back. DONT BELIEVE THE POSITIVE REVIEWS ON THIS SITE. FAKE PLANTED REVIEWS,

 
Sam
Guest
Sam

I joined about two months ago and the agent was very nice but requested that I deposit more money. Like I an idiot I did, now they hold $1050 of mine. This agent traded for over $3000 but my withdrawal is limited to about $1130 but I cannot withdraw it, they keep on trading and increasing the investment but refuse to release the money I invested. They can keep the profits just return what I invested. I’m not happy with them at all.

 
Gennaro Di Michele
Guest
Gennaro Di Michele

I started at a really bad condition, I live in Italy and I’m only 19. It was very difficult for me to deposit 250 euro. My broker was very understanding and he let me start with 190 because this is what I had at the time. I work as a waiter and I don’t make much money, the situation in south Italy is not very good. Thanks to my broker Mike I’m in such better condition now, and I will keep investing

 
Sean Everett
Guest
Sean Everett

I didn’t become a millionaire out of it but surely I was able to make that extra money I needed every month. Some trades get up to 85% of returns and that’s very high comparing to other platforms I trade on, so it’s relatively easy to make nice profits out of minimum investments.

 
David Petersen
Guest
David Petersen

They offer you a very good one-on-one service, a close training with a professional broker, to those who are not the most fluent as for the binary world I’d highly recommend not giving up on this service. Take any piece of information that’s possible out of the professionals and use it for your own good.

 
Sandy
Guest
Sandy

Has anyone started a class action suit against Tradorax yet, If anyone knows of one, I want to sign up

 
John Gump
Guest
John Gump

Go To "TRADORAX is a scam" on Facebook. Sign up there.

 
andro
Guest
andro

Hi there sandy how can i reach you ??

 
andro
Guest
andro

total scam . i have a fully verifiyed account and they do not let me take my 240usd back! total scam i will post this in every forum until i get my money back.. do not trust them with your money…

 
Smaller then a dwarf
Guest
Smaller then a dwarf

Did you get the money?Same with me.Really bad people there.Telling lies are crimnals

 
Donna Whitaker
Guest
Donna Whitaker

I’ve been trading for a year with another company which its name I’m not gonna mention, but really, I felt like I was blind to the whole situation. I’ve never earned a real profit out of dealing with them, if anything, I was just being talked to to put even more money and just kept losing. Once I got sober I realized I had to change. I’m now with Traodrax and I actually see results. I finally gain and watch some profits pile up. You gotta let go and catch opportunity in the binary world

 
Justin Fowler
Guest
Justin Fowler

I’ve been enjoying their services for over a year now. They’re a great service giving company, and overall they provide you with fairly nice tools to control the trading. It’s highly recommended to join them while they’re having promotions, like I did. It really pays off, for example I joined them while they were giving away bundles of free risk trades, and that helped me gain an initial profit

 
Neil McCray
Guest
Neil McCray

At first I was very intimidated by the fact they’re unregulated. Obviously I’m an American citizen and I have done my research regarding binary options. I was well aware of the risks and yet, I knew I could nail it in this trading method. I wanted to take a shot of a lifetime and deal with the consequences as they come. I went ahead and deposited 300$ to start off with, and I was thrilled to find out they’re fair and descent, and welcome American traders.

 
Blake Hewitt
Guest
Blake Hewitt

If you’re new to trading and binary options mainly, I’d suggest you start off with Tradorax. Their platform is simple and user-friendly, they have a very nice educational center as an extra, and plus their financial advisors accompany you step by step with each and every trade.

 
Nick Hensley
Guest
Nick Hensley

At the very beginning they were kind enough to endow bonuses upon my first deposit that stood for 250$. Well first it did smell fishy to me, why in the world would anybody would want to just spend some cash around, for free, no charge? I’ve had their experts explaining me the economic logic behind it, but it did seem a little bit shady. After 6 months of trading with Tradorax I can tell I perfectly understand all that I’ve been told. Not only have I acquired the right trading tools, I have acquired knowledge. Super

 
Ted Serrano
Guest
Ted Serrano

Their platform is good and built for you to maximize your profits which is mainly great. Despite that, their withdrawal process tends to procrastinate a bit, but never more than 15 days… of what I have experienced. So that’s the only downside I would think of regarding Tradorax.

 
Andy Colton
Guest
Andy Colton

Frankly, to me, as a brit who’s holding more than one American card, I care the most about companies who allow me to use them, avoiding any sort of problems. That’s a rare thing to get, mostly in Europe and whenever I travel to the states. So I heard about Tradorax from a mate, and got advised they let Americans in and American card holders, so if you’re dealing with them same situation I’d definitely recommend them.

 
Walter
Guest
Walter

Tradorax lied to me on garanteed trade and lost all my money! Dont use them.

 
Jose
Guest
Jose

I feel really bad for you man, but that was your fault… You should have done your research and known that you should never take bonuses (even though you didn’t I suppose) and/or get on guaranteed trades. Most brokers do this (I don’t know why). You just have to do some research before taking any deal from any broker.

 
kristof
Guest
kristof

They scam people non stop, when you make profit , they close your account, and you are unable to login, they don’t answer on live chat, they hang up the moment they find out it is you, it is impossible to withdraw anyfunds !

 
Sam
Guest
Sam

Did you verify your account, took any bonuses, accepted any deals, or called/emailed your account manager that you would like to withdraw money?

 
Daniel Morris
Guest
Daniel Morris

What I enjoyed the most about them is their lovely service from their financial advisor’s side. It wasn’t my first time trading but I couldn’t define myself as an expert yet. And still, it was the first time I decided to go for multiple platform trading, and was promised by my financial advisor to get all the help needed for me to nail it. His service and attention were lovely! Nevertheless, comparing to other platforms I’ve worked with, they don’t provide you with the highest returns.

 
Mark Jenkins
Guest
Mark Jenkins

Ok so as a beginner it was really important for me to gain trust in the company I invest with, and so while talking to some representatives from various companies I truly realized some of them can’t even get your questions answered correctly! When talking to Tradorax I was able to realize I’m talking to professionals who can really get me through this.

 
Andrea Miles
Guest
Andrea Miles

I was finally able to find someone who’s working with US traders.. felt like mission impossible really. tbh I was too afraid to invest my money with an unregulated company, but my friend told me about them describing them as highly recommended. Luckily I did give them a shot, since I was proven my money wasn’t at risk.

 
Alex
Guest
Alex

Where you able to withdraw any money?

 
Amanda Scott
Guest
Amanda Scott

It is a nice platform, but I’d recommend combining it with few others. The only downside I would think of regarding Tradorax is that I’m afraid their platform is not as diverse. But overall withdrawal is quick and and nowadays that’s definitely appreciated

 
Joshua Hunt
Guest
Joshua Hunt

I took a chance on Tradorax as an American that’s been longing to work with binary options for a long time… and despite them not being regulated, I had zero problems withdrawing my money right on time.

 
Tracy Roseberg
Guest
Tracy Roseberg

I am an American and I think that it is amazing that there is finally a brand that accept Americans, not a lot of platforms do, and those who do, usually makes your life hard when you want to withdrawal your funds.

 
Jack Wheen
Guest
Jack Wheen

"You can get a 200% match bonus on your first deposit and five risk-free trades. "

That is unheard of for most trading platforms! Kudos Tradorax

 
Corry Williams
Guest
Corry Williams

Hello Everyone!
Reading your review made me realize I have been trading with the wrong company for a year so I opened another account with Tradorax and I traded with both companies for 6 months when I realized Tradorax have much better terms and withdrawal process, so thanks for the tip man!

 
Paul
Guest
Paul

Tradorax is big SCAM SCAM. Even if you take no bonus, no risk free trade you will find next to impossible to withdraw your money. So think 10 times before you invest Tradorax. They can change your password also without your permission and can take trade on your behalf without your permission. If you want to close your account for any reason it will be next to impossible. So consider once you invest with Tradorax, it is lost money..It is extremely frustrating broker.

Paul

 
Justen
Guest
Justen

Hi Guys.

was a pleasure reading this review, I am a Tradorax trader for years and I am very happy with them.

Cheers!

 
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