Tradorax Review 2019

Tradorax Rated 3/5
Tradorax have a low rating. We recommend you look at one of their alternative brokers.
Plus500 matches your criteria. Visit Plus500 now here.

Tradorax Guide

Tradorax are an online broker founded in 2008 offering Forex trading trading, CFD trading trading, Spread Betting trading, and trading.

Tradorax are a global broker and have multiple offices around the world including a head office in Marshall Islands.

Tradorax have a listed stock symbol. This means that Tradorax have publically listed and you can officially buy shares in Tradorax on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Tradorax we break down the pros and cons. What Tradorax are able to offer, what countries Tradorax are available in. Who Tradorax are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Tradorax

  • Regulated by: Unregulated
  • Headquarters Country : Marshall Islands
  • Foundation year 2008
  • Min Deposit : 250
  • Used by over 10,000 traders
  • Tradorax is not available in the following countries :
Open Tradorax's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Tradorax

With this review we hope to help you see if Tradorax is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Tradorax that will help you get off to a good start in the world of online trading.

Tradorax Review Table of Contents

Tradorax what you should know

Tradorax offer four ways to trade: Forex trading, CFD trading, Spread Betting, .

With Tradorax you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with Tradorax platform.

Tradorax are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Tradorax safe?

When choosing a broker like Tradorax the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years Tradorax have a head office in Marshall Islands.

Tradorax is regulated. This means Tradorax are supervised by and is checked for conduct by the Unregulated regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Tradorax, this will be honored. If Tradorax violate any regulatory rules their regulated status could be stripped.

Any payments funded to Tradorax accounts by traders are held in a segregated bank account.

For added security Tradorax use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Tradorax. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Tradorax

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker tradorax XTB Pepperstone eToro
Year Established 2008 2002 2010 2006
Head Office Marshall Islands Poland Australia Cyprus, UK
Regulation Unregulated Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes No
Guaranteed Stop Loss Yes No No
Learn More Visit Tradorax Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Tradorax Pros and Cons

What we like about Tradorax

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Unregulated
  • Min. deposit from $250

What we don't like about Tradorax

Tradorax Financial Regulation and Supervision in more detail

Tradorax are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like Tradorax that are not regulated yet appear to be legitimate.

Tradorax maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with Tradorax you are not guarenteed help in a difficult situation.

  • Unregulated

Tradorax General Fees

  • Tradorax withdrawal fees varies on payment method
  • Tradorax does charge inactivity fees
  • Tradorax does charge deposit fees
Broker tradorax XTB Pepperstone eToro
Min Deposit 250 0 200 200
Withdrawl Fees $100 varies No Yes
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes Yes No

Tradorax Commissions

  • Tradorax does charge commission on CFD shares.

What can you trade with Tradorax?

You can trade a wide variety of instruments with Tradorax over 235 instruments infact.

If you are looking at trading currency pairs Tradorax offer over currency pairs.

Compare Tradorax with XTB and Pepperstone below.

Your capital is at risk

Broker tradorax XTB Pepperstone eToro
Instruments Available 235 1,500 100 100
Platforms WEB,Desktop,Mac,Android MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit Tradorax Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Tradorax Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit Tradorax Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 1696 60 957
UK Shares Yes Yes No Yes
US Shares No Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes No Yes

Trading on Tradorax web platforms and other applications

Tradorax offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An Tradorax IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Tradorax also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See tradorax's platforms

Tradorax Trading benefits :

  • Low min deposit

Tradorax Trading Accounts Offered :

  • Mini account
  • Standard account

Can I try Tradorax before I buy?

Tradorax offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Tradorax accept?

Tradorax offer the below funding payment methods. learn more about Tradorax

  • Credit cards
  • Skrill
  • Neteller
Broker tradorax XTB Pepperstone eToro
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with Tradorax?

When opening a trading account with Tradorax, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Tradorax trading platforms here.

Performing trades with Tradorax

Tradorax allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Tradorax allow you to execute a maxium trade of varies.

As a market maker, Tradorax may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Tradorax

To trade effectively with Tradorax, it's important to get a have a good understanding of the XTB trading tools and the markets.

Tradorax offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Tradorax.

Take time to look around the Tradorax platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Tradorax

Tradorax support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Broker tradorax XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit Tradorax Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with Tradorax

As Tradorax is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Tradorax's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Tradorax you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.tradorax.com/ on 12th August 2018.

Tradorax Bottom Line

  • Tradorax have a good track record of offering Forex trading, CFD trading, Spread Betting, .
  • Tradorax has a history of over 5 years.
  • Tradorax has a reasonable sized client support call center of at least 10.
  • Tradorax are regulated by Unregulated. This means Tradorax fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Tradorax have regulation from a Tier 1 reputable country.
  • Tradorax has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Tradorax have an international presence in multiple countries. This includes local Tradorax seminars and training.
  • Tradorax are able to hire people from various locations in the world who can better communicate in your local language.

Etoro Risk Disclaimer

Your capital is at risk

Tradorax not quite right?

Check out these Tradorax Alternatives

We have spent years researching the best alternatives to Tradorax. Click the links below to learn more.

If you feel some of the above Tradorax are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Tradorax alternatives below.

Related Tradorax Comparisons

If you would like to see how Tradorax stands up against other brokers you can read some of our Tradorax comparisons below. We compare side by side some of our top rated Tradorax versus comparisons. Read some indepth Tradorax VS pages below.

TRADORAX Frequently Asked Questions

Can I try Tradorax before I buy?

Tradorax do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Tradorax accept?

Tradorax offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Tradorax?

When opening a trading account with Tradorax, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Tradorax trading platforms here.

Is my money safe with Tradorax?

Tradorax is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like Tradorax is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Tradorax, this will be honored. If they violate any regulatory rules their regulated status can be stripped.