TraderXP Review. TraderXP is a binary options broker which was originally owned by SpotOption, the developers of the popular trading software that powers so many binary options platforms. While SpotOption sold off the company years ago, TraderXP still uses the same platform which will be familiar to many binary options traders. The company accepts customers from the US, but does not allow them to trade currencies or commodities for expert advisor ea forex robot mt4 regulatory reasons (the usual terms and conditions for US traders).

TraderXP seems a bit inferior in terms of some of its offerings, though there are other areas in which the company excels. Starting Out with TraderXP. Registration is free and takes only minutes; you have the option of requesting a phone call when you sign up so that you can receive immediate assistance (when customer service is available). The minimum deposit for a standard account is 200 EUR, GBP or USD. Bronze, Silver, and Gold accounts are also available if you are willing to invest more money.

TraderXP offers bonuses of 10-20% on amounts up to $1,000 and 30-35% on amounts above $1,000 (you can also get referral bonuses). Bonuses take the form of leverage, not cash; you need to turn over thirty times the amount of the bonus in order to collect it. The higher tiers of accounts come with additional benefits such as account management, tutorials, online courses, and other educational resources. Depositing money is easy; you can not only use the standard deposit options (credit card, Skrill, wire transfer), but also PayPal, Neteller, CashU, Western Union, Nordea, and gps forex robot v3m iDEAL.

Nordea is a service specifically used by Scandinavians, and the site is available in Norwegian (among more common language options), so TraderXP seems to be aiming services toward that market in particular. Once you’ve registered, you can trade commodities, currencies, stocks or indices; there are around 85 different underlying assets you can choose from. The minimum trade size (for 60 Second trades) is only 5 USD. The maximum trade size is not listed on the site; live chat wasn’t staffed when we checked in (it was a holiday), but we sent an email and will update accordingly.

You can only make up to 75% return on a trade which goes in your favor, and you can only receive back 0-10% on a trade expiring out of the money. These aren’t as good as the percentages we’ve found at most sites. Still, though, TraderXP does offer a lot in terms of types of trades you can conduct and also additional features like double up and rollover which allow you to put more money into trades which are doing well.

Types of trades include the standard High/Low along with Option Builder (choose your own expiry time and trade amount), One Touch and 60 Seconds trades. The versatility of the different options types is good since it provides you with more ways to make money. TraderXP does not offer a mobile platform at this time, so if you are looking to trade away from your computer, this is not the best broker to choose at this point.