Posted by admin on March 17, 2016
- Meet TraderXP:
TraderXP is an online broker that has been in operation since 2009. This online broker has been at the center of reports of a Trader XP scam but in reality, TraderXP is a leader in the industry. This online broker operates globally and offers a wide selection of trading options and special features on its innovative trading platform. Despite the negative Trader XP reviews and TraderXP scam reports this online broker is one of the top binary options brokers in the world.
- Features of the Trading XP Platform:
Trading online with TraderXP is simple, easy and rewarding. The Trader XP platform is web-based so traders do not need to download any software in order to trade with this online broker. The well-designed, easy to use platform enables traders to perform all trading actions on a single page. Traders can easily select trades they wish to place with the options that are available at that time. There is also a list of ‘Hot Assets’ which shows traders some of the best options at any particular time. The simple design of this trading platform appeals to all types of traders – both new and experienced. There are also two trade windows that are available. The Pro Trader window allows traders to monitor 4 different trades at the same time with 15 minute expiry times. The Fast Trader window allows traders to monitor 9 trades with 5 minute expiry times.
- Trading Options:
One Touch, Option Builder, 60 Second trades and binary options are available at Trader XP. In addition, TraderXP offers a rollover option that enables traders to move the expiry time to a later date and there is also a Double Up feature that allows traders to double their investment. These options can both be very beneficial to trader as Double Up can double profits while rollover can help in preventing losses.
- Return Percentages and Payout:
Generally the return on investment at Trader XP will range between 65% and 75%. On standard trades the return on investment can be as high as 85% while other trades have even higher yields. For instance, One Touch trades can have returns as high as 500%. In addition, traders will enjoy some extra protection when trading with this online broker. Traders will receive a 5% to 10% refund on their investment in the event of an unsuccessful trade.
- Available Assets:
There are a total of 53 assets available at TraderXP including stocks, commodities, currency pairs and indices. More specifically, there are 17 stock options, 20 index options, 12 currency pair options and 4 commodity options. Nearly all of the major assets are offered including a selection of global options.
- Trading Account and Deposit Requirements:
It is free to register for an account at TraderXP however in order to participate in live trading a minimum of $200 must be deposited into the trading account. The currencies that are accepted for deposit are EUR and USD. Traders can use Western Union, credit card, wire transfer or CashU to deposit funds into their account. There is no maximum deposit limit for wire transfers or CashU but there is a $5,000 maximum for credit card deposits and a $10,000 maximum for Western Union deposits.
- Withdrawal Requirements:
The available withdrawal methods are the same as the available deposit methods and there is a minimum withdrawal amount of $100. There is no limit on the number of withdrawals that can be made per month despite what the reports of TraderXP scams have said. In order to withdraw from a trading account, Trader XP requires proof of identity. This is standard practice and it is used to prevent fraud and identity left. In addition, SSL encryption technology is used to protect the transmission of sensitive financial information.