TraderXp Review - Is It A Scam?
Welcome to our Traderxp review website. Throughout our TraderXp review we will be taking a close look at all the trading options available at TraderXp.com and we will be getting down and dirty with them to find out if TraderXp is a scam or in fact a solid binary option trading platform.
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Binary options have become extremely popular in the trading world during the last couple of years. This is because it’s simple and offers opportunities for traders to earn quick profits during the short-term. This popularity is combined with an absence of regulation in this industry, so the demand for the new binary options platforms skyrocketed in the market. As a result, there are many trading platforms to select from, so most binary traders are not certain which companies to trust or not to trust with their investment.
TraderXP is a cutting edge binary trading options company now giving clients a very easy and user-friendly way to participate on trades on the top financial markets: stocks, commodities, Forex and Indices. This company was established in the British Virgin Islands in 2009.
Our TraderXP Review continues below:
In addition to offering a variety of assets for trading, TraderXP offer unique tools and features to all the opportunities required to maximize profits. The digital options are relatively new, but still a popular financial instrument with numerous inherent advantages. TraderXP has a unique offering that will allow traders to get substantial and pre-specified payouts from 68 to 75%; reduced loss by maintaining 5 to 10% of the initial investment, which is predetermined for each case and will be based on a very clear-cut trading process.
On top of that, TraderXP's platform aims to offer investors all the tips and information required to ensure that traders have an extensive knowledge to make educated decisions for trades. They provide live chat 24/7; dedicated account managers; market analysis; daily news feeds and courses. Traders will discover that this information and knowledge will be available at their fingertips.
Some benefits of using this trading platform:
- Refund in 5 to 10% on the options which ends out-of-the-money
- Real time monitoring of the strike price for chosen asset
- Website in four different languages
- One Touch trading options for weekends
- Access to fifty-three underlying assets
Basically, TraderXP offers trading for Binary Options as well as One Touch which allows traders to select from more than 23 different stocks; 14 indices; 15 currency pairs and 4 commodities to trade. There is a minimum amount of 25 US or EURO allowed for trade.
The TraderXP platform is completely web-based, so it allows traders to quickly buy and sell from anywhere worldwide without having to download or install a software program. The combination of an unparalleled collection of Digital Options and the advanced technology provides speed and accuracy on a substantial amount of trading settlements. The benefits of using this platform would be that it’s based on the reality that they provide binary trading options within a secure setting.
In earlier times, speculative trading required an in-depth knowledge of financial markets and complicated financial terms, this intuitive platform will allow all traders to make trades by taking advantage of a simplified process.
Our TraderXP Review continues below:
Guidelines for expiry rate
All the expiry rates for binary options will be calculated in accordance with the last known prices given by Reuters. TraderXP offer a number of different asset classes to clients such as indices, stocks, commodities and currencies. The following rules for the expiry rate will be applicable to all assets based on the asset class:
- Stocks - Bidding + Asking/2
- Currencies - Bidding + Asking /2
- Indices - with the exception of S&P 500; NIKKEI FUTURE; S&P FUTURE; NASDAQ FUTURE - Bidding + Asking/2
- Commodities - Bidding + Asking/2
One Touch Options
This option is primarily based on an everyday sample rate. In case this sample rate reaches the target, the option will expire at or in the money. When this happens the trader is eligible to get the full payout value at the end of the week. In the event that, during the week, this sample rate was not hit the trader will lose their original investment. This One Touch option offers two conditions for expiry below and above.
The One Touch weekly option can only be bought on the weekend. The sale of these opens at 12 AM GMT on Saturdays and closes at 20:00 pm GMT on Sundays for all options that would expire at the end of the upcoming week.
TraderXP is offering services for payments and withdrawals through wire transfer, moneybookers or credit cards. The minimum amount for deposit is $100. The withdrawals and deposit are practically instantaneous for methods like moneybookers or credit card.
TraderXp is offering bonus as much as 25% to new traders on their initial deposit. In addition to the bonus for first deposit, TraderXP is also offering seasonal promotions for binary options. TraderXP usually give bonuses before significant market updates to only registered users, so as a trader you have to look for out for this.
Traders have access to a customer support team that is available 6 days weekly, 22 hours daily through phone, email or chat. This trading platform support languages such as English, French, Spanish, Russian and Arabic. When it comes to speculative trading in the past, traders had to get a good understanding of the confusing financial terms and the markets on a whole. However, TraderXP has an intuitive platform that will enable users to trade because they are able to benefit from a simpler process in order carry out.
We thank you for reading our TraderXP review and hope that you have learned whats available at TraderXP.com. From our finding we could find no sign of any scam at all and we feel it is a safe trading platform. If you have your own TraderXp review or TraderXP scam story to warn others with then please post it in the comments below so the world can share.