TraderXP Review

A Review of Trader XP

TraderXP is the binary options brokerage service of TraderXP Ltd, a binary options brokerage based in Limassol, Cyprus. TraderXP uses the SpotOption white-label platform for its operations.

Sign up to TraderXP.com and Receive a 25% First Deposit Bonus!

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Payouts and Expiry Times

The payout for the Digital Option (Up/Down), 60 seconds trade and the OptionBuilder trade starts from 65% (for those who use the maximum loss return function) and 75% for those who do not use it at all. The expiry times for these trades are 1 minute for the 60 seconds contract, then 15 minutes, 30 minutes, 60 minutes, 90 minutes, 180 minutes and one day for the OptionBuilder and Digital Options.

500% of the invested amount is the payout for One Touch trade type, with a weekly expiry time.

Bonuses and Promotions

There are several bonuses given out on TraderXP.

a)    Welcome Bonus: A welcome bonus worth 25% of the deposit is issued to all first time depositors.

Special Bonuses: The major special bonus is the $50 Refer-a-Friend bonus for every referral that deposits a minimum of $200 into a live TraderXP account. Apart from the referral bonus, there are seasonal bonuses that are given at special periods of the year.

Asset Index

The asset base of TraderXP has a global span. For instance, stocks and indices have a representation from every region of the world, enabling traders to identify with an asset they are familiar with. These assets are as follows:

1)    Stocks: Amazon, Apple, BAE, BAT, BIDU, BNP, BP, Barclays, Coca, Cola, FIAT, France, Gazprom,  Google, HITACHI, HSBC Holdings, Lukoil, Microsoft, Motors, Nike, Nissan, Paribas, S.Bank, SAB Miller, Goldman Sachs, Sberbank, Systems, TATA, Telecom, Tesco, Teva Pharma, Toshiba.

2)    Commodities: Gold, coffee, sugar, platinum, silver, wheat and oil.

3)    Stock indices: ASX200, Bombay SE, DSM 20 (Qatar), EGX 30, Hang Seng, IBEX, MICEX10, NASDAQ100 and S&P500., Nikkei 225, RTS, SSE 180, STRAITS TIMES, TOPIX, Tadwul.

4)    Currencies: EURUSD, USDBRL, USDEGP, AUDUSD, GBPUSD, GBPJPY, EURJPY, USDCAD, NZDUSD and USDZAR.

Trading Tools

General

The trade Roll Over and Double Up functions as well as the Early Closure function are tools that traders on the TraderXP platform can use to their benefit in trading binary options.

Technical and Fundamental

TraderXP provides an expert analysis section where traders can get access to fundamental and technical analysis from professionals every trading day. There is also a weekly analysis section that looks at possible trades for the week. In addition, a market news ticker from CNBC can be found on the TraderXP home page.

Some of the other tools for technical analysis found on TraderXP are as follows:

a)    A binary options dictionary

b)    A binary options trading guide

c)     Rudimentary line chart for trade monitoring.

Deposits and Withdrawals

Deposits and withdrawals on TraderXP can be achieved by:

a)    Credit/debit cards: Cards from Delta, MasterCard, Diner’s Club, Visa Electron, Maestro and Solo are accepted. E-wallets: The two e-wallets accepted on TraderXp are those from Moneybookers and CashU.

b)    Bank wires.

c)     E-payments: Nordea Netbank (Sweden and Finland) as well as iDEAL (Netherlands).

Minimum Deposit Amount

The minimum deposit on TraderXP is $200.

Minimum Investment Amount

This starts at $5 for the 60 seconds trade. Accounts on TraderXP can be operated in US Dollars or Euros.

There is no information on what the maximum investment amount is.

Sign up to TraderXP.com and Receive a 25% First Deposit Bonus!

Deposit Info

MasterCard users will need to obtain the MasterCard SecureCode from their issuing banks. All card users must verify their cards before usage on TraderXP.

Customer Service

Traders can reach the multilingual customer support desk on TraderXP 22 hours a day, 6 days a week via:

  • Email: Use the online form on the contact page.
  • Live chat
  • Tel:  +357-22-030357
Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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