TraderXP launched in 2009 and was one of the first online binary options brokers available. The expertise and quality of this online broker is unparalleled despite the negative TraderXP reviews and TraderXP scam reports. The online trading platform is easy to use but very effective which makes trading online with TraderXP perfect for beginners and experienced traders alike. With this online broker, traders can choose from a number of different binary options including indices, stocks, currencies and commodities while enjoying a potentially high rate of return. While claims of TraderXP scams are still circulating, the truth is that this online broker is one of the most trusted and reliable brokers available.
The Trader XP Platform
The trading platform at this online broker is one of the easiest platforms to use because there is no software download or installation required. This means that traders only need to have a computer and an internet connection to use the TraderXP platform. There are four different types of trades that can be placed at this online broker including traditional binary options, One Touch options, Option Builder options and 60 second options. Each of these alternatives provides traders with a different way to invest in binary options trading and they offer different returns. For instance, traders can make up to 500% profit with One Touch options.
Noteworthy Features
There are several features at Trader XP that are quite helpful to traders. These features allow traders to increase their profits and may help prevent losses. The Double Up tool is one of the great features at TraderXP and this tool enables traders to double their investment when their trade is moving in the direction they predicted. This tool works best when used close to the trade’s expiry time. Another helpful feature is the Rollover feature which allows traders to extend the expiry time. This feature is perfect for trades that will likely finish in the money if given a little extra time.
Returns
Trader XP has very competitive returns when compared to other online binary options brokers. On average, traders will see a 65% to 75% return on their investment when their trade finishes in the money (ITM). When a trade finishes out of the money traders will receive a 5% to 10% refund which is not always offered at competing binary options brokers.
Safety and Security
TraderXP works diligently to protect its clients’ personal and financial information. All banking transactions are encrypted and there are a variety of other security protocols that are used to protect traders’ money and information. There are a number of safe and secure banking options available at Trader XP including:
- Major credit cards
- CashU
- Maestro
- iDEAL
- Wire transfer
- Moneybookers
- Customer Service
Traders can contact customer support 24/7 via live chat, email or telephone. The website and customer support is also available in several different languages including:
- English
- Spanish
- Arabic
- Russian
- Chinese
- Japanese
- German
- French
There are also a number of local telephone numbers for the following countries:
- Canada
- Cyprus
- Australia
- France
- Germany
- Norway
- Mexico
- Russia
- Singapore
- Switzerland
- South Africa
- United Kingdom
- Spain
- United States
Conclusion
There are many benefits of trading with Trader XP including innovative trading features, instant access to the platform without any download, high level of credibility, reliable, responsive customer support, intuitive platform and a wide range of assets. There are only a few other online binary options brokers that have been around as long as Trader XP which gives additional credence to the fact that the claims of a Trader XP scam are false. The reason why TraderXP is still available is because traders trust this broker. A broker can only survive if it retains its customer base and Trader XP has done just that.