Tradorax Review for 2019

Tradorax Rated 3/5
Tradorax have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to Tradorax

Tradorax Introduction

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.

Open Tradorax's Website

As with any investment your capital is at risk, losses can exceed deposits.

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 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 , and in operation for 2019 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

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

What we like

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

What we don't like

Tradorax General Fees

  • Tradorax withdrawal fees varies on payment method
  • Tradorax does charge inactivity fees

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 Interactive Brokers and XTB below.

FX / Currencies tradorax IB XTB
# of forex pairs offered 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs Tradorax Interactive Brokers XTB
# of commodities offered 0
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Tradorax Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
tradorax's
Instruments
IB's
Instruments
XTB's
Instruments

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 methods do Tradorax accept?

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

  • Credit cards
  • Skrill
  • Neteller

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, but as a guide, Tradorax offer margin up to % on currencies.

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

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 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 below funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods. Learn more here

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.