Tradextra was a unlicensed binary options broker that seems to have gone out of business. Tradextra is owned by Pacifix Ltd. which is located at: 1000 Sofia city, Sofia District, Metropolitan Municipality, Sredets Region, Bulgaria.
Their phone number in the United Kingdom is: +44 203 670 4694 and New Zealand: +64 9 887 1705. Their email address is [email protected].
See typical complaints about unlicensed brokers, read this.
Scam Trading Software
Only use an automated trading software with a licensed broker.
A review of Tradextra is really simple to do as they are using the same SpotOption trading software as many other brokers. Investors have a variety of binary options types to choose from including; 60 Second Options, Binary, Pairs, One Touch, Ladder, High/Low and Forex CFD’s. In total this is over 120 assets available for trading, include all the popular currency crosses, commodities like oil, metals like Gold and Silver, major market indexes and individual stocks.
The minimum trade size ranges from $5 to $25, depending on the types of options. Minimum deposit for new mini accounts are $250. For accounts over $1,000 they give bonuses, and cashback offers.
Brokers License & Regulation
When the team of Scam Broker Investigators review a new broker and compare them to other binary options brokers, we check for a local license. The easiest way to see if a broker is a scam broker or a legitimate broker is to check for a license. The large and popular brokers are licensed and regulated by CySEC in Europe or by ASIC in Australia.
When we looked at Tradextra, we did not find a license.
We always recommend that you choose licensed broker to trade with, and you can find licensed broker reviews here.
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
The best way to properly compare brokers, is by checking the updated list of most popular brokers.
If you are using Tradextra as your binary options broker, please tell other investors about your experience in the comment section.