Opening a trading account is easy and free with TraderXP. There is an abundance of ways to make your deposits and withdrawals, as well as a great deal of educational and explanatory materials on the website. A list of basic features follows:
• Payouts range in the 68% to 75% level, with potential refunds in the 5% to 10% category;
• Lucrative “One-Touch” options are provided over the weekend;
• Option management techniques include “Option Builder”, “Rollover”, and “Double Up”;
• Website can be viewed in four languages and Customer service is also fluent in many languages;
• Over 80 asset groupings between stocks, currency pairs, commodities, and indices are offered;
• You may view asset’s strike price in real time
• Minimum deposit is either 200 USD or 200 EUR;
• Deposits and withdrawals can utilize a host of credit and debit card services, along with a variety of local payment services, including mobile support services.
Moneybookers and wire transfer options also are supported.
The TraderXP trading platform is proprietary, totally web-based, and does not require any downloads. On-screen tools and displays resemble industry leaders for ease of use, valuable trading information, and then following your option up until expiration, unless you take advantage of any extension possibilities. From a security perspective, the firm uses the internationally accepted security system SSL (Secure Sockets Layer) that encrypts all credit card payments over the web. This system is automatic, and you will receive instant notification if your browser does not support it.
Deposits and Withdrawals
Deposit requirements match industry standards for compliance with international payment regulations. A photo ID, proof of address, and physical payment card information must be submitted with your initial deposit. A client can invest with TraderXP using multiple methods. Those methods include credit cards, debit cards, wire transfer and CashU, and many additional methods are under development. The credit card used for transactions with TraderXP must match the name on the account. TraderXP accepts Visa, MasterCard, AMEX, Maestro, Visa Electron and Diner's. Wire transfers must exceed $500 or a $25 fee is assessed. TraderXP's finance department handles all withdrawal requests submitted in a timely fashion, as long as required documents, noted above, are on file. There is no fee to withdraw via credit card, however any withdrawal using a bank transfer will be accompanied with a processing fee of $25.
Support can be accessed through a number of channels. Email and chat support are standard, and TraderXP also has 15 satellite offices spread across the globe with international phone numbers that may be used for direct support through a phone line. Support personnel speak a variety of languages. Educational materials and tutorials abound to assist both beginners and veterans alike.
TraderXP is one of many competitors in the field that has recently upgraded their offering to become more attractive and competitive in the binary option space. More changes are under development. The website is user-friendly, and there is an abundance of underlying assets offered for even the most discriminating investor. Payout ratios tend toward the upper extreme of the industry, and all information is displayed in a straightforward manner. Ample information also exists on previous trades in the “My Account” section, allowing for additional study prior to future trades. From an overall perspective, TraderXP goes out of its way to give the investor a pleasant and rewarding trading experience.