This page contains a detailed review of the ‘TradeRush Binary Options Trading Platform‘.
TradeRush Executive Summary
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In the recent months there has been an outstanding number of binary options platforms opening and it has become difficult to find quality brokers to trade with. TradeRush is by no means the oldest broker but they have quickly forged a solid reputation for themselves since launching in August of 2011. In light of the strong bear market of recent years, binary options as a whole have become a very popular way of profiting from downward trends in all markets including Stocks, Indices, Commodities, and Currencies.
Binary options has been available to institutional traders for some years now, however only recently have they become available to private trades like you and me. Finding a quality binary options broker is the first step to becoming a profitable binary options trader.
TradeRush – User Friendly
TradeRush is the most user-friendly platform we have found for online trading. The best part of binary options is the simplicity behind it, allowing everyday people with no trading experience to quickly understand the fundamental concepts of trading. The website is easy to navigate and you are able to trade and find exactly what your are looking for with ease. If you don’t see an instrument you’d like to trade you can always ask the support team about it.
TradeRush – Assets & Expiry Times
TradeRush offers a wide verity of expiry times, so wither you are an intraday trader or day trader you should be able to find what you’re looking for. The range of instruments available for trading is excellent as well offering over 85 stocks, indices, commodities and currency pairs.
In August 2011, when TradeRush first launched, they introduced 60 second binary options and it was a wild success. Now, in May 2012, any binary options broker who takes themselves seriously offers some variation of this expiry time.
The long list of assets can be found on their Home Page.
TradeRush – Customer Service
If you have ever traded online before, you know that the customer service department of your broker is important. The customer service team at TradeRush is not overly impressive or knowledgeable, but they are very friendly and always try to help. It is worth noting in this section as well that the account managers offered at trade rush are extremely good at what they do. TradeRush offices are open from 7am London time until 1 am London time every day except Saturday, and yes that includes Sunday!
I’ve spoken to some of the account managers and analysts at TradeRush and they have been very helpful. The company offers some training and strategy packages for larger investors, the great this is that these techniques can be used in any style of trading not just binary options.
TradeRush – Payout Rates
This is equality important, if not more important, as the other categories we have mentioned until now in this review. As mentioned previously TradeRush offers a wide verity of assets and types of trades. Below you have a breakdown of what the payouts are for each type of option:
|High / Low||Up to 81%|
|OptionPro||Up to 81%|
|One Touch||Up to 700%|
|Option Builder||Up to 90%|
|60 Seconds||Up to 75%|
These percentages are around average for the industry. You will be able to find platforms that offer higher payouts however you must consider the full package when choosing a binary options broker. TradeRush has proved itself to be a solid platform with strong engine behind it allowing traders to stop worrying about lag time and accuracy of instrument prices and simply trade!
TradeRush – Deposits & Withdrawals
Withdrawals are important, this is why we trade! The withdrawal process at TradeRush is similar to other brokers, and if you have ever traded Forex I’m sure you already have the required documents on your computer somewhere. The process itself of requesting and receiving your withdrawal from TradeRush is quick painless. The minimum withdrawal is $200 and there is no maximum. Each customer receives 1 withdrawal free of charge each month, each subsequent withdrawal comes with a $30 processing fee.
Funding your trading account is simple as well. at the start of this review we mentioned that TradeRush accepts Visa, MasterCard, AMEX, MoneyBookers / Skrill, as well as wire transfers. For these deposit methods there is a minimum $200 deposit, excluding wire transfers. The minimum deposit for wire transfers is $500 because of the additional transaction fees involved in sending and receiving wire transfers.
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