Options’ broker TraderRush has appeared in the UK binary options’ segment relatively recently, not more than a year ago from the writing of this overview. But the western traders know this broker since the beginning of 2010. Since that time this well-consolidated team of professionals managed not only to promote its label in the global market, but also to challenge the well-known leaders of the binary market.
Currently, TradeRush has established itself in the leading group of brokers and is present in all of global rankings, outrunning companies with a larger advertizing budget. In other words, broker’s entry to the domestic market is a great happening, which adumbrates that the truly qualified specialists have appeared in it.
Leaping ahead, it is necessary to note that, thanks to the omnipresent trading platform from the Spotoption, overview of the trading image of the majority of the binary options’ brokers have become the same. As it is often said, “unification rules”. And the considered broker did not become an exception. It has the same precise trading platform’s interface, the familiar selection of the options’ contracts, and the cloned step of the expiration time. And what is the highlight in all these? Don’t worry, it is present. However, we would rather start our overview according to the pre-determined routine.
Registration process on the website of the Traderush broker is carried out fairly instinctively and doesn’t require searching the field’s names.
As you can notice in the illustration, a trader has to fill-in initials, e-mail, and phone number only. Just in case, on all sides of the registration form there are the support service’s contacts and the 24-hours chat.
Verification is a one-time check of the registration data’s veracity when the first withdrawal of profit from an account is conducted. It will protect you from the potential fraud actions of the third parties, but also requires you to use authentic information on the registration stage.
So, you have successfully completed the registration process. After this, you will have to do one more step of depositing to the trading account. When you complete it, you will finally be able to trade binary options.
Broker’s company doesn’t impose any limits in trading. Selection of more than 128 underlying assets is one of the best offers in the modern binary options’ market. We can see the full range of currency pairs, stock indexes, commodity items, and scale of the stocks: from classical European and reliable US to exotic Asian valuable assets.
In other words, selection of the underlying assets will be interesting for all traders: from the beginners to the experienced professionals. Everyone will find the appealing contract here: aggressive gold, stable Swiss franc, or earthly potato. It is natural that during trading the underlying assets from different categories can be used in the unrestricted amount.
Classic selection of the binary options of the analyzed broker is similar to other companies overviewed earlier. This is because they have a common trading platform. However, a broker, which we consider currently, has many combinations that were appraised and liked by traders long ago.
Firstly, it is a standard classic option high/low. This binary option is based on the segment’s tradition and is always present among tools of all traders. Apparently, for this reason it stays so popular among traders. It is necessary to recall that according to the terms of trading you to guess the future standing of an asset compared to the current standing. Profit or loss on the concluded contract will be calculated depending on fact, whether the real standing concurred with your forecast.
As we have written above, this broker has a typical trading platform. Advantages of this approach can be easily revealed:
- This interface is familiar to the majority of traders;
- This platform is bug-free and has no obvious errors and kludges in design;
- Quick conclusion of deals;
- Excellent ergonomics: everything needed for work is present on the same screen;
- Platform is optimized to work with mobile devices.
Disadvantages of the platform are well-known too: changeless interface, standard colors (fortunately, fairly accurate), and lack of improvements that is caused by the absence of competition from the independent developers.
As we have noted earlier, minimal deposit within a broker amounts to $250. A minimal investment is equal to $5 or 25$ depending on the binary options’ type. Pay attention to the unusually big correlation of the limits set. Are you interested what is the broker’s idea? We think that, despite the low barrier of the minimal binary options’ value, a broker has set the special filter from the idle viewers. As a result, a broker has managed to offer its clients the uncommonly excellent service. And it is logical because thanks to filtration from the come-and-go people only the professional traders can register on the http://www.traderush.com website.
We would also like to draw your attention to a fact that a company has a very good bonus scheme that encourages making bigger investments to receive bigger bonuses. In addition, broker works with the most popular UK payment systems that are available from the beginning of his work in our market. However, all classic methods of withdrawing money, including plastic cards and banks’ transfer, are available. The disadvantage here is that transfers are never free, they always cost $30, regardless of the term or periodicity of withdrawal.
We have come to the highlight that was mentioned in the beginning of this binary options’ broker overview. From our point of view, the major benefit of the Trade Rush is its information support.
It has the detailed study guide in the electronic form, ongoing academy, regular webinars and refresher courses, and daily published economic analytics. You can rarely find such powerful educational support within other brokers.
As always, in reviews of our brokers we are striving to find the grain of truth that shows differences between companies that look similar. And, generally, we successfully manage to do this. But it is up to you to decide, whether this difference was significant in case of TradeRush.
We hope that you have noticed how much information on the support service’s data there is on the registration page. And it is not accidental. Telephones and skypes for the direct communication, contact forms and e-mails on the website, ticket system in the personal area, and 24-hour chat support clients, not leaving them without the friendly help all of the time.
For example, in order to receive an instant qualitative help, it is needed to click on the icon of the support service’s online chat. When we appraise the level of the clients’ support, we consistently mark its skill set, quick replies, and fullness of a consultation. The company’s representatives communicate qualitatively in each language, we haven’t noticed any incompetence.
We would like to repeat that the major benefit of the considered broker is the powerful informational and analytical support. It is absolute, in other words, it covers all issues of the market’s trading, which can be imagined,
We would like to name the trading platform as the second important benefit of this broker. It is notable that apart from the trading platform Spotoption that can be simply used on the instinctive level, a broker also has the mobile variant of the trading platform that was developed by a broker itself. Unfortunately, there is a sting in it because the mobile platform works for the iPhone owners only.
Finally, we have intentionally omitted one of the points of the TradeRush binary options broker trading terms in our overview. This benefit is 81% of the profit from the positively closed deal and 15% of insurance if the closure is negative. You have to admit that it looks exciting. This is the third positive factor of opening an account within this broker.
- This rating is based on the data provided by the independent sources, our own examinations, as well as on the reviews of traders who work with this broker.
- Take the opportunity and express your opinion! Give a grade to a broker in the user’s rating and leave a review in the commentary’s section.
We would like to end our today's discussion about the binary options' broker TradeRush with the traditional reviews from its clients. The case is that regardless of how full the broker’s benefits and disadvantages description is, the finishing point in the discussion is put by a consumer. Why is it so? This is because a client sees a broker from within. He uses his own money to test all disadvantages of the trading platform and feels any stumble in the payment of profit by his own nervous system. In short, reviews are those philosopher's stones that reveal, whether this broker will turn to a vein of gold, or will it melt in the host of the similar ordinary brokers.
It is necessary to note that TradeRush caused many reviews coming to your e-mail since its start-up. We have no right to hide these reviews from publics, so we publish the most interesting of them, previously dividing them into two subdivisions.
Reviews from beginner traders
The thing I have liked the most is that a broker has the trading platform that I am familiar with. I have traded using such platform already, but within another broker who has had significantly worse trading terms. Familiar buttons, windows, and operations… In short, I didn’t have to retrain again. I managed to start without training.
Generally, this is a weak side of the new brokers. They try to be special, and, for this reason, they deform a trading platform very much. As a result, it becomes impossible to trade hastily, and it is needed to waste time to get used to and to study the platform. For example, own trading platform for iPhones. I couldn’t stand and have tried to work with it. Everything works fine, the trading is easy, but unusual. So, I have returned to the used and approved trading platform, and I don’t regret it absolutely.
Scott, 31, Newcastle
Traditionally, apart from the practicing traders, we have received many reviews on a broker from the professionals in the binary options’ market. These people are the real sharks of the financial markets, who evaluate all brokers impartially.
When appraising the trading terms of TradeRush, it can’t go unnoticed that it has a good expected value. In general, it must be admitted that this parameter is fairly low within the whole binary options segment. You can find a 68% level of profit with 0% of insurance. I think that it is totally unacceptable.
With this broker, we have 81% for the most popular asset EURUSD with the 15% insurance. It can be easily noted that broker’s profit turns out to be only 4% from the turn-round, and it is settled to the relatively small company’s advertising budget. And this value is very fair. In other words, I can’t see facts of both direct and secret taking away of the traders’ profit. As you understand, trading within such broker is much more profitable.
Frank, 32, Doncaster
In conclusion, we can only repeat our title phrase that there are only qualitative companies among the mid-range brokers. Unusually high ratio between quality and popularity applied to the TradeRush will help traders find the qualitative trading platform for lesser money, which are usually used for the maintaining of the excessive advertizing budget.