Tradorax Review 2020

Tradorax Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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Tradorax Guide - Read our In Depth Tradorax Review

This Tradorax review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, .

What is Tradorax?

Tradorax are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later Tradorax has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, and trading.

Tradorax are a global broker and have a head office in Marshall Islands.

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

We will dive deep in this Tradorax review and assess how well the Tradorax platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Tradorax can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Tradorax we breakdown 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.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Tradorax review useful.

This review of the Tradorax platform is very detailed. If you are interested in trading with Tradorax in any capacity please take the time to read and research the whole Tradorax review.

We have tried to explain the ins and outs of financial trading through the Tradorax platform as plainly as possible so that you the trader are as informed as possible before you start to use the Tradorax trading tools and depositing and withdrawing funds from Tradorax.

Benefits of trading with Tradorax

Open Tradorax's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Tradorax like Forex trading, CFD trading, Spread Betting trading, and trading. you should have confidence in Tradorax and know that the management of your financial investments on the Tradorax platform is in good hands.

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

With this Tradorax 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 review
Tradorax is a Multi-Assets Trading Platform with over 235+ Assets

Learn more about Tradorax. Tradorax is a multi asset platform with 235+ tradable Assets. Assets available on Tradorax include Forex trading, CFD trading, Spread Betting, .

Tradorax trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, are considered financial assets.

Tradorax review
Features of Tradorax

Tradorax review
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.

Tradorax review
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 12 years Tradorax have a head office in Marshall Islands.

Tradorax is not regulated. This means Tradorax are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Tradorax, this will be honored.

Tradorax review
Is my money safe with Tradorax?

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.

What are Tier 1 banks and why should Tradorax use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Tradorax deposited in a Tier 1 bank?

Having any money you deposit with Tradorax means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Tradorax goes out of business for some reason.

Therefore, we can safely conclude that Tradorax is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Tradorax also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding Tradorax. let us look at the Tradorax features in more detail.

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.

How Tradorax as a Company Compare Against Other Brokers

Broker tradorax eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Marshall Islands Cyprus, UK Australia Poland
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) 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, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Tradorax users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit Tradorax Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Tradorax review
Tradorax Pros and Cons

What we like about Tradorax

  • Used by over 10,000 Tradorax users and traders
  • Established in 2008
  • Min. deposit from $250

What we don't like about Tradorax

Tradorax review
Tradorax Regulation and Licensing 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 review
Is Tradorax Global?

Yes, Tradorax is global as Tradorax is available in over 194 countries.

Tradorax is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Tradorax covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Tradorax has a total of more than 10,000 users.

Tradorax review
Tradorax Fees Explained

  • Tradorax withdrawal fees varies on payment method
  • Tradorax does charge a fee for inactive accounts.
  • Tradorax does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Tradorax Fees Compare Against Other Brokers

Broker tradorax eToro IC Markets XTB
Min Deposit 250 200 200 0
Withdrawal Fees $100 Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

Tradorax review
Tradorax Minimum Deposit

Tradorax require a minimum desposit of 250 GBP/USD when opening an Tradorax trading account.

A minimum deposit is the minimum amount of money required by Tradorax to open a new online brokerage account with them.

Dont be scared off by brokers like Tradorax charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Tradorax review
Tradorax Withdrawal Fees

Tradorax withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Tradorax for example allow you to withdraw your funds to Credit cards, Skrill, Neteller.

Tradorax review
Tradorax Inactivity Fees

Tradorax does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Tradorax review
Tradorax Desposit Fees

Tradorax does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Tradorax review
Tradorax Commission Fees

Tradorax does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Tradorax review
What can you trade with Tradorax?

Be aware that Different entities under Tradorax Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

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 eToro and IC Markets below.

Your capital is at risk

How Tradorax Trading Options Compare Against Other Brokers

Broker tradorax eToro IC Markets XTB
Instruments Available 235 2000 232 4000
Platforms WEB,Desktop,Mac,Android Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 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        
Commodities Offered 0 0 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Tradorax
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Tradorax review
Trading on Tradorax web platforms and other applications

Tradorax offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so 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 review
Is the Tradorax Trading Platform Secure?

Tradorax safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Tradorax also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Tradorax.

Tradorax review
Tradorax Trading Platform Options

Tradorax does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Tradorax offer an their own custom trading platform developed and tested in house. The Tradorax trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The Tradorax platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With Tradorax you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the Tradorax platform including news and quotes. Discover possible trades with the strong charting tools found with Tradorax. Tradorax is available as downloadable applications or online through the cloud. Monitor your orders with Tradorax and receive breaking news in your positions.

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

Your capital is at risk

Tradorax withdrawal and funding methods.

Please note that the list of Tradorax payment methods below depend on the Tradorax Entity and the Clients Country of Residence.

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

Tradorax Payment Methods

  • Tradorax accepts Credit cards
  • Tradorax accepts Skrill
  • Tradorax accepts Neteller
Broker tradorax eToro IC Markets XTB
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 No 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.

Your capital is at risk

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 instruments.

Tradorax Leverage and Tradorax CFDs Explained

let's take a look at some of the basics of using Tradorax leverage.

Tradorax offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Tradorax leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Tradorax trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Tradorax leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Tradorax CFDs are typically used for short to medium term trades. For example Tradorax intraday trading.

Education resources at Tradorax

To trade effectively with Tradorax, it's important to get a have a good understanding of the Tradorax 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.

Customer 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

Tradorax have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Tradorax less customer support features compared to other brokers like live chat, phone and email support.

Livechat Support at Tradorax

Tradorax does not offer LiveChat Support.

Email Support at Tradorax

Tradorax does not offer Email Support.

Phone Support at Tradorax

Tradorax does not offer Phone Support.

See how Tradorax Support Compares Against Other Brokers

Broker tradorax eToro IC Markets XTB
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, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Tradorax Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Tradorax Brand may be different.

  • 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 3 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 the Tradorax trading platform 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 November 20, 2020.

Tradorax review
Is Tradorax A Good Broker?

We spent over 3 months examining Tradorax in depth. Although we found some very useful aspects of the Tradorax platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Tradorax broker.

  • Tradorax have a good track record of offering Forex trading, CFD trading, Spread Betting, .
  • Tradorax has a history of over 12 years.
  • Tradorax has a reasonable sized customer support 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.

Tradorax Risk Disclaimer

Your capital is at risk

Tradorax review
Tradorax not quite right?

If after reading this Tradorax review, Tradorax does not fulfill your needs check out these Tradorax Alternatives.

Click here to view the best 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.

Tradorax review
Related Tradorax Vs Comparisons

We have covered allot in this Tradorax review, If you want to see how Tradorax compares side by side with other brokers check out our Tradorax Vs pages.

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 our indepth Tradorax VS pages below.

Tradorax review
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?

Please note that the list of payment methods below depend on the Tradorax Entity and the Clients Country of Residence.

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

Your capital is at risk

Is Tradorax safe?

While Tradorax may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.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.

Is Tradorax trading good?

Tradorax is considered good and reputable to trade with Tradorax. Tradorax is used by over 10000 active traders and Tradorax users. Tradorax offers Forex trading, CFD trading, Spread Betting trading, and trading. Minimum deposit with Tradorax is 250.

Is Tradorax trading Legit?

Tradorax was founded in Marshall Islands in 2008. Tradorax has been facilitating trade on the financial markets for over 12 years. Tradorax offers clients Forex trading, CFD trading, Spread Betting trading, and trading. All funds deposited to Tradorax are held in segregated tier 1 bank accounts for security. Tradorax is not regulated. Although this doesnt mean Tradorax are awful, we recommend trading with regulated brokers.

Is Tradorax a good broker?

Tradorax is overseen by the top tier financial regulators Unregulated so can be considered a good broker. Tradorax allows Forex trading, CFD trading, Spread Betting trading, and trading.

Is Tradorax trustworthy broker?

While having many plus points because Tradorax is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for Tradorax?

The minimum deposit to trade with Tradorax is 250.

How long do Tradorax withdrawals take?

Withdrawing money from Tradorax processing time varies but averages 2-5 days.

Is Tradorax regulated?

Tradorax is not regulated by a top tier financial regulator.

Is Tradorax a market maker?

Tradorax is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

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.

Is Tradorax a con?

While we would noy say that Tradorax is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with Tradorax?

Although traders have had great success with Tradorax. Trading on the financial markets with Tradorax is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does Tradorax have fees?

Tradorax withdrawal fees varies on payment method. Tradorax does charge a fee for inactive accounts. Tradorax does charge deposit fees.

When was Tradorax founded?

Tradorax was founded in 2008.

How many people use Tradorax?

Tradorax is used by over 10000 registered Tradorax users.

What is Tradorax Headquarters country?

Tradorax has its head quarters office in Marshall Islands.

Does Tradorax offer negative balance protection?

Tradorax does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Tradorax offer guaranteed stop loss?

Tradorax does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Tradorax allow scalping?

Tradorax does not offer scalping.

Does Tradorax allow hedging?

Tradorax does not offer hedging.

Does Tradorax offer CFD trading?

Tradorax offers CFD trading.

Does Tradorax offer STP?

Tradorax does not offer STP trading.

How many people use Tradorax?

Tradorax is used by over 10000 Tradorax users and traders.

Is Tradorax an ECN broker?

Tradorax does not offer ECN trading.

Does Tradorax offer a demo account?

Tradorax does not offer demo account.

Does Tradorax offer an Islamic account?

Tradorax does not offer Islamic accounts.

What are the funding methods for Tradorax?

Tradorax accept the following funding methods : Credit cards, Skrill, Neteller.

Tradorax review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Tradorax brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Tradorax review written by Mark Hansen of Comparebrokers.co