Tradorax is an unlicensed broker owned by AM Capital Ltd, located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960. Their UK phone number is +44 203 868 7870 and USA is +1 (646) 934-6204.
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Tradorax uses the TechFinancial trading platform which gives you the ability to trade on High Low, One Touch, Boundary and Short Term options. Returns on the EUR/USD options is 85%.
One of our favorite option types is the boundary option. Traders should read this article about trading boundary options. The boundary option can be used in both volatile markets and also quiet trading conditions.
Their platform offers a large selection of currency pairs, both major and minor crosses including the Turkish Lira, Norwegian Krone and the South Africa Rand. Tradorax website is available in English, Russian and German.
When reviewing a broker to determine if they are a scam or a legit binary options broker, we want to know if a regulator like the CySEC in Cyprus gave them a license and if they fall under the MIFId rules in Europe?
Tradorax is not a licensed broker, See the reviews of regulated and licensed brokers here.
On June 6th 2013 the United States SEC wrote an investor alert regarding binary option scam brokers. Read entire alert on the SEC website here.
Tradorax Does Not Allow Traders from the United States!
Go Here To See Who To Use!
When researching broker, have a look at the List of Best Brokers.
What was your experience trading at Tradorax? Please share your review with other traders in the comment section below.