The TraderXP binary options brand is operated by TraderXP Ltd, out of Limassol in Cyprus. TraderXP uses the SpotOption white-label platform.
Payouts
There are on three trade types on TraderXP’s platform. The OptionBuilder and Digital Options (Call/Put) trade types get a guaranteed 65% to 75% payout for successful trades, while the One Touch option contract promises a payout of up to 500% of the trade amount invested if the investment was successful.
Bonuses and Promotions
There are several bonuses and promotions on the TraderXP platform.
a) There is a new account funding bonus which gives traders that are opening and funding their TraderXP accounts for the first time a bonus of 25% of the funded amount.
b) TraderXP also gives a 10% redeposit bonus for old clients who want to deposit more money to an inactive account.
c) Special Bonuses: TraderXP hands out periodic bonuses at various times to existing clients. These include Christmas bonuses. Currently there is a Christmas bonus that will give out iPads to clients who fund accounts with at least $5000 and an iPod Shuffle to those who fund their accounts with at least $200.
d) A Refer-a-Friend bonus promises $50 to every trader who is able to refer a friend to TraderXP. That friend must deposit a minimum of $200 in his live account with TraderXP for the bonus to be applied. There is no limit to the number of friends who can be referred.
Asset Index and Expiry Times
TraderXP has a wide array of assets that traders can bet on, spanning 4 asset classes and with a wide geographical base. Assets are therefore not restricted or confined to one location. This allows traders from all zones of the world to locate an asset that they can trade.
1) Currencies: EURUSD, USDBRL, USDCHF, USDSGD, USDEGP, AUDUSD, GBPUSD, GBPJPY, USDTRY, USDRUB, EURJPY, USDCAD, AUDUSD, NZDUSD and USDZAR.
2) Commodities: Gold, coffee, light sweet crude oil, sugar, platinum, silver and wheat.
3) Stock indices: EGX30, DSM20 (Qatar), IBEX, Nikkei225, TOPIX, STRAITS TIMES, SSE 180, Hang Seng, MICEX10, RTS, Tadwul, Bombay SE, NASDAQ100, ASX Australia and S&P500.
4) Stocks: Apple, Nike, Microsoft, BP, Goldman Sachs, France Telecom, FIAT, BAT Gazprom, Google, Lukoil, Sberbank, Coca Cola, HSBC Holdings, BAE Systems, TATA Motors, Toshiba Co, Tesco, S.Bank, BIDU, Barclays, Amazon, Nissan, TevaPharma, BNP Paribas, SAB Miller, HITACHI.
Expiry times are as follows:
The One Touch option contract carries a one week expiry and is available for purchase as from 12am GMTon Saturdays to 8pm GMT on Sundays.
The other trade types have four expiries which start at 15 minutes and terminate at two hours.
Trading Tools
The following trade tools are available on TraderXP:
a) There is a market news ticker located on the bottom right corner of the TraderXP home page, which is powered by CNBC, a leading financial news television station.
b) There are various binary options educational tools available on TraderXP. These include a binary options dictionary, a visual guided tour of TraderXP and the binary options trading process available and a binary options trading guide.
c) The Roll Over function, which allows trades to extend the expiry times of unfavourable trades, is available. So is the Double Up function that allows traders to double their stake in active trades.
Deposits and Withdrawals
Traders can deposit and withdraw from their TraderXP accounts using the following channels:
a) E-wallet users: CashU and Moneybookers are the preferred here. Moneybookers can also be used for processing of third-party transactions. These transactions include credit card processing and processing of payments from some country-specific e-payment platforms such as CartaSi.
b) Wire transfers can also be used for transactions on TraderXP.
c) NordeaNetbank online payment service can be used for transactions on TraderXP by users from Finland and Sweden.
d) iDEAL online banking system can be used by traders residing in the Netherlands.
e) Credit/debit cards: If you own cards issued by MasterCard, Diners, Visa Electron, Maestro, and Delta, you can transact on TraderXP.
All transaction methods carry a minimum deposit requirement of $200.
The minimum investment amount is $10. Accounts on TraderXP can be denominated in Euros or USD.
Customer Service
The TraderXP customer service desk can be reached 22/6 via live chat, email (using the contact page’s online form) and on phone (+357-22-030357).
The customer support platform is multi-lingual.
