TradeRush Review

December 17, 2012 Posted in Uncategorized by No Comments

Introduction

Edbruke Investments Ltd own the TradeRush white-label brand, but the responsibility of the day to day running of the brokerage business is in the hands of 247 Holdings Ltd. TradeRush is based in Limassol, Cyprus. The white-label platform of SpotOption Ltd is used by TradeRush for their clients.

Payouts

The trade type and the use of the early closure facility in the OptionPro trade type will determine the final payout of the trade.

a)    There is a payout structure that ranges from 65% to 80% for the Up/Down trade as well as the OptionPro trade type.  The percentage used in setting the loss return will determine exactly what payout the trader gets.

b)    The High Yield One Touch trade has a payout of 500% for successful trades.

c)     The OptionBuilder and 60 second trades also carry a payout of between 65% to 80%.

Bonuses and Promotions

TradeRush offers traders several bonuses.

a)    There is an account funding bonus on TradeRush for traders who fund their accounts with various levels of money. Those who start from the minimum deposit amount of $200 up to $1000 will receive a 35%. Traders who fund their accounts with more than $1000 and less than $5000 will be able to claim a 40% bonus while traders who can muster as much as $5000 for account funding will receive 50% bonus.

b)    Courtesy of Intellitraders, TradeRush provides a $100 no-deposit bonus which traders can receive if they sign up for a TradeRush live account using the Intellitraders affiliate link. Once this is done, the trader must obtain the free code from the TradeRush customer service using live chat, after which the no-deposit bonus is applied the trader’s account.

Asset Index and Expiry Times

TradeRush offers more of its assets in the stocks category, and just a few in other categories. The tradable assets are:

–       Commodities: Platinum, sugar, coffee, cotton, wheat, corn, gold, silver, light sweet crude oil.

–       Currencies: USDZAR, NZDUSD, GBPCHF, AUDJPY, USDSGD, AUDUSD, USDCHF, USDRUB, USDBRL, USDTRY, EURGBP, EURJPY, USDCAD, USDTRY, USDJPY, GBPUSD, EURUSD.

–       Indices: Straits Times (Singapore), IBEX (Spain), Hang Seng (Hong Kong), FTSE (UK), Dubai Financial Market General Index, ISE30 (Istanbul), NASDAQ, S&P500.

–        Stocks: Citi (US – citigroup), Microsoft, Apple, Nike, Gazprom, BP (British Petroleum), Facebook, Paris Telecom, Tesco, BNP Paribas, Unilever, General Motors, Google, Lukoil, Sberbank, Coca Cola, HSBC Holdings, Rolls Royce, BAE systems, Reuters, Netflix, Las Vegas Sands, Dell, IBM, AIG, LinkedIn, MasterCard, FIAT, McDonalds, TATA motors, Exxon Mobil, Goldman Sachs, Caterpillar.

The following expiry times are available:

a)    15 minutes, 30 minutes, one hour and two hours for the Call/Put binary option.

b)    One minute for the 60 second option.

c)     Anytime from 15 minutes to 6 months for the OptionPro variable option.

d)    OptionBuilder: customizable to the hours and minutes of a clock over a 24 hour period.

Trading Tools

The following trade tools can be accessed by traders on TradeRush:

a)    An iPhone trading application for mobile trading. This app is downloadable from the relevant iTunes page.

b)    There is a news tab which is a source of market moving news for fundamental trading.

c)     A market sentiment button which shows the bias of traders for every asset to be traded. It is the closest to the forex Order Book in the binary options market.

Deposits and Withdrawals

The following methods of transaction are used on TradeRush:

1)    Bank wires: The minimum deposit amount using bank wires is $200. Withdrawals using wire transfers are charged a $30 service fee. Unlimited amounts can be deposited or withdrawn using wire transfers.

2)    Moneybookers: Minimum deposit amount is $200 while maximum deposit amount is $5000. All transactions are free.

3)    Credit cards: Card verification is mandatory. The trader must send scanned copies of the front and back of his card with the last 4 digits blocked off. Cards accepted are VISA, MasterCard, Visa, Diner’s Club, Maestro and American Express. Withdrawals with credit cards are free. Traders cannot withdraw more than they deposited with the credit card option. The minimum deposit/withdrawal amount is $200 while maximum is $10,000.

Customer Support

The Customer support desk on TradeRush can be reached via live chat, email (support@traderush.com) the several phone numbers on the contact page.

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