TraderXP Reviews
This platform is less review on the net we found only 2 reviews which belongs to the main brand, so it less objective,however, it is reliable information and helpful.
1.
TraderXP is binary option trading market. Launching in October 2009 it is again 100% web based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.
Unfortunately following our review we discovered that much of its content is not original but copied from other sites: much of their FAQ section is copied from competitor sites; the Daily Market Review, Weekly Market Review and Hot Tips from the Analysts are copied from Bloomberg articles and taken from other websites which have not been referenced to or accredited to in the text.
Despite this the site has some interesting features. It is displayed in Russian, Arabic and Spanish as well as English which makes it more universally attractive. It offers binary options on over 50 underlying assets covering the USA, European, Asian and Middle Eastern markets, making it an extremely diverse site.
Their payouts are high and in line with the top end of the market. Investors receive 68-75% for in the money options and a generous 5-10% for options expiring out of the money.
The issue of copyright on the site makes a huge statement about the site’s credibility. We are currently investing in the site and hoping that despite this error they deliver their promises.
As with many such sites, the ownership of the company is unknown except for information on the site, stating that “TraderXP is a global privately held company headquartered in The British Virgin Islands with offices spread around the world. The company is managed by veteran professionals of the global financial industry, with vast experience in financial trading, risk management, technology and trading regulations.” It seems however that they are not clued up about copyright regulations.
Special features:
* 5-10% refund on out-of-the-money options
* Real time viewing of asset’s strike price
* One Touch weekend options
* Website in 4 languages
* 53 underlying assets available
Company information:
Name: Trader XP
Website: www.traderxp.com
Established: October2009
Country: Cyprus
Tel: 00357 22 030357
Ratings review:
TraderXP rating – 64 stars out of 100
Usability – 6 stars
The Trader XP site is clean and user-friendly. Its FAQ section is clear (however see Website Review for more information) and is neatly laid out with useful tabs.
The My Account section is comprehensive and enables investors to see all past and current trades as well as neatly presenting information about how to deposit and withdraw funds and the status of these actions.
No software download is needed, as the EZTrader platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.
Trader XP has a useful detailed breakdown of each asset, as well as allowing users to search the past expiries of each asset.
A downside to the site is that the maximum investment amount per option is $1,000 which limits the potential returns.
Overall, using the site is a pleasant experience.
No. of assets – 7 stars
Trader XP offers options on the following assets: 20 indices, 17 stocks, 12 currencies and 4 commodities, totaling 53 assets for purchase. These assets concentrate on the USA, European, Asian and Middle Eastern markets, making it internationally attractive and competitive.
Expiry range of options – 5 stars
The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.
Effective return – 8 stars
The effective return is the total percentage of return offered on an option. On the Trader XP website this is 73-83%. This is split between 68-75% for in the money options and 5-10% on out of the money options. This is near the top end of the industry.
Languages – 8 stars
A full version of the Trader XP website is available in English, Russian, Arabic and Spanish. The Customer Service team speaks X languages.
Website extras – 6 stars
A useful feature of the website is the graph displayed next to each asset, showing the recent strike prices of the selected asset. This shows an investor the recent fluctuations of an asset.
There is also an informative and thorough demo video explaining exactly how to open and account and carry out a trade.
The News by Yahoo! Fiannce feed is also displayed, enabling users to keep up to date with the market news.
Fees/commissions – 9 stars
Trader XP does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they wish. The fee for withdrawing money is $25 for wire transfer, $10 for a cheque plus postage and at no charge to withdraw by credit or debit card
Loyalty offers – 0 stars
So far we are unaware of any offers available on Trader XP.
Payment methods – 8 stars
Deposits can be made by credit card, wire transfer, Western Union and PayPal. Accounts can be held in US dollars or Euro.
Support quality – 7 stars
The Trader XP Customer Service team is available by phone on 14 international numbers and by email. Additionally there is a live chat with a customer service team representative. Currently the response time is slow which could be due to starting difficulties. The service however was not so polite. The opening times for customer services are unspecified.
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2.
TraderXP™ is the most professional and objective platform for trading Digital Options online. Digital (or Binary) Options are the fastest and most efficient way to convert your financial decisions into substantial profits.
TraderXP™ is an innovative consumer trading company offering clients an easy and intuitive way to trade on leading financial markets – Forex, Commodities, Indices or Stocks. Since starting business, we have built a loyal base of customers by drawing upon our expertise to provide exceptional software and services for trading Digital Options.
We deliver new trading solutions built for capitalizing on market rate movements that are simple to use, yet provide the value and sophistication expected from a worldwide leader. We demonstrate our commitment to our customers by having a presence in all major global financial centers and employing an international workforce of experts in financial markets.
Our trading platform is 100% web-based, allowing you to instantly trade from anywhere in the world with no need to neither download nor install any software. The combination of TraderXP™’s unprecedented portfolio of Digital Options, with our cutting edge technology offers speed and precision on an extensive variety of trading settlements.
Digital options are a new and popular financial tool with many inherent advantages, and TraderXP™’s unique offering enables traders to receive significant and predetermined payouts (68%-75%) and minimize loss when being off-target (by retaining 5%-10% of the original bid level, predetermined per case).
While in the past, speculative trading involved a thorough understanding of financial markets and its complex financial terminology – TraderXP™’s intuitive platform enables all consumers to trade by benefiting from its simplified trading procedure.
TraderXP™’s trading platform is designed to provide a 100% secure and private investment experience, and maximize customers’ chances for profitability and value.
Personal Account Managers
Although we provide an online platform, we understand that there is no substitute for personal service. Your Account Service Manager works closely with you over the phone, email and on our advanced online chat system. Finally, the dealing room services are also offered to you by our expert digital options dealers.
Training
TraderXP™ offers background information about the markets, a guided-tour, seminars, one-on-one training, live chat, telephone and technical support. Whenever you need help to trade, you will receive it. Your Account Service Manager will guide you live, in your first trading steps, to help you get acquainted with the TraderXP™ system as well as answer all your technical questions.
Global Presence
TraderXP™ is a global privately held company headquartered in The British Virgin Islands with offices spread around the world. The company is managed by veteran professionals of the global financial industry, with vast experience in financial trading, risk management, technology and trading regulations.
