Launched in 2011, TradeRush, also known as TR Binary Options, is a binary options platform based in the United Kingdom. It boasts of a fast learning curve and a friendly interface. The platform is known for introducing the 60 -Second binary options trading, but has other products that are either unique to it or are simply not found in most binary option trading platforms. These are done after you have placed your investment before the expiry of the option.
The key principles adopted by TradeRush are simple, rapid, and flexible. This is clearly seen in their trading platform, as it does highlight options that see your investment through in as quick a time as possible. These cover expiry lengths like the other trading platforms, but theirs are a lot longer.
Aside from these principles, TradeRush also prides itself in offering multiple types of trading contracts. These include classic binaries, pairs, long term binaries, 60 second binaries, one touch binaries, ladder binaries, FX/CFD, and spot follow. Each of these are pretty simple to use because they all show you the current performance of the particular asset (or assets in the case of pairs), along with a few options on what you can do with it.
The platform is owned by Cheshire Capital Ltd., which can be found in Cavell House Stannard Place, Crispins Rd, Norwich, NR3 1YE, United Kingdom. It is regulated by the Cyprus Securities and Exchange Commission (CySEC). Their phone number changes depending on your location, so you can see the full lists of contact numbers here.
TradeRush is a pretty straightforward platform and setting up an account should not be a problem. Once you click the “REGISTER NOW” link on the homepage of their website, it becomes easy enough to simply input your user information. It will ask for your name, mobile number, and email address, as well as your country and the currency you would like to trade. You will need to activate your account by clicking on a link sent to your email.
Strictly speaking, setting up an account does not require you to invest any money just yet. However, it is the first thing the platform will recommend you to do. You can choose among 5 types of accounts, namely Mini, Starter, Silver, Gold, and Platinum. These accounts cost $500, $1000, $5000, $10,000, and $25,000, respectively. This makes it pretty steep to get started, as even the Mini Account comes with a sizable investment. They all come with varying perks, including increasing bonuses, a set limited number of risk free trades (starting from the Silver Account), and a set number of guaranteed profit trades (starting from the Gold Account).
There are also a whole lot of other perks that come with getting higher level accounts, mostly within the realm of advanced trading education, customer support, and alerts.
It is also possible that a representative from the company will call you within a few minutes of setting up an account, even before depositing money in it. Depending on your luck and your location on the planet, you may or may not be able to have reception good enough to hear what they are saying.
Interface-wise, TradeRush is quite intuitive. From the homepage, you immediately see where you can trade, and switching between the different trading contracts is easy because of a tab system that lets you go back and forth.
The great thing that sets TradeRush apart from a lot of the other binary options trading platforms is that it has a white background with light colors making up its interface. Clickable buttons come in colors like yellow, blue, or off-white. This makes it a welcome change from its competitors that often have a much darker color palette.
While most of the buttons are highly responsive, a slow Internet connection can make switching between trading contract tabs challenging, as it adds unnecessary waiting time that can get long enough to discourage you from trading at times.
The bonuses depend on the account you are subscribed to. Mini Account gets 25% bonus. Starter Account receives 30% bonus. Silver Account acquires 50% bonus. Gold Account gets 75% bonus. Platinum Account becomes the luckiest at 100% bonus.
Payment & currencies
TradeRush accepts you to trade in a total of six currencies: Euro, British Pound, US Dollar, Australian Dollar, Russian Ruble, and Canadian Dollar,. It is important to remember that when you make an account, you set which currency you will be trading in. This currency cannot be changed.
When it comes to deposits, TradeRush offers multiple ways to put money in and get it out, although it may be somewhat limited compared to some of its competitors. You can opt to use either a credit or a debit card, which you can validate either with a photo or by inputting certain number on the card. It accepts VISA, MasterCard, and Maestro.
Aside from credit and debit cards, you can also use Neteller and Bitcoin, as well as wire transfers.
When it comes to withdrawing your funds, you can use wire transfers or credit and debit cards. For wire transfers, the minimum amount is $90, while the maximum is $50,000. When it comes to credit and debit cards, the minimum is $5, while the maximum is also $50,000.
The minimum and maximum investment amounts are dependent on the kind of trading contract you have. For classic binary, pairs, and long term binaries, the minimum is $10, while the maximum is $5000. For 60 second binaries, the minimum amount is $25, while the maximum is $3000. The range for ladder binaries is $25 to $500. For FX/CFD, the range is $25 to $1000.
Platform & assets
TradeRush boasts of over a hundred assets that you can trade. They are as follows:
- 3M, BHP Billiton, Axis Bank, Blackberry, Deutsche Telcom, BMW, Microsoft, Facebook, Rio T. vs. BHP B., F5 Networks, Total, Tata Steel, Twitter, Telefonica, Paris Telecom, Tesco, Boeing, BNP Paribas, British American Telecom, Vodafone, Vivendi SA, Volvo, Unilever, Wynn Resorts, General Motors, Disney, Las Vegas Sands, eBay, Groupon, JP Morgan Chase, Exxon Mobil, Caterpillar Daimler AG, Goldman Sachs, Danone SA, McDonalds, Freeport McMoran, Fiat, Nissan Motors, Petrobras, Orange S.A., Publicis Groupe, Pfizer, Renault, Rio-AU, Rio Tinto, S Bank India, Salesforce.com, Sab Miller, Sears Holding, Starbucks, Siemens AG, Netflix, Bidu, Mastercard, Banco Santander, IBM, Dell, Allianz SE, AIG, ANZ Bank, Linkedin, Barclays, Louis Vuitton, Deutsche Bank, Amazon, Deutsche Telecom, Straits Times, Tata Motors (India), Turkcell (Turkey), Reuters (US Thomson Reuters), Rolls Royce (London), Bae Systems (London), HSBC Holdings (London), Sberbank (Russia), Coca Cola (US), Lukoil (Russia), BP (British Petroleum), Google (US), Gazprom (Russia), Apple (US), Nike (US), and Citi (US-Citigroup)
- AUD/CHF, AUD/NZD, AUD/JPY, AUD/USD, CAD/JPY, CAD/CHF, CHF/JPY, EUR/CAD, EUR/AUD, EUR/CHF, EUR/JPY, EUR/GBP, EUR/NZD, EUR/USD, EUR/RUB, GBP/CAD, GBP/JPY, GBP/CHF, GBP/CHF, NZD/JPY, GBP/USD, NZD/USD, USD/CHF, USD/CAD, USD/JPY, USD/RUB, USD/MXN, USD/ZAR, and USD/TRY
- Coffee, Corn, Copper, Gold, Platinum, Oil, Silver, Wheat, and Sugar No. 11
- ASX Future, CSI 300, Bombay SE, DAX, Dollar Index F., DAX Future, DOW, Euro Stoxx 50, Dubai, FTSE 100, FTSE MIB Future, FTSE Future, Germany 10YR Bond, Hang Seng F. HSI, Hang Seng, Ibex, Kuwait, Ibex Future, Micex, NASDAQ Future, NASDAQ, NGAS Future, Nikkei Future, Nifty Future, Nikkei 225, S&P Future, S&P 500, Shanghai Composite, SSE 180, SMI Future, Tadawul, TSX 60, TNA-LONG X3, TZA-Short X3 CTG, U.S 30 Year Note, and U.S 10 Year Note
- Amazon Vs eBay, Amazon vs Netflix, Apple vs Amazon, Apple vs Google, Barclays vs Lloyds Bank, BMW vs Daimler, Citigroup vs AIG, Citigroup vs DAX vs FTSE F, JP Morgan Chase, Facebook vs Twitter, Gold vs Oil, Google Vs Baidu, Gold vs Silver, Google vs Facebook, Linkedin Vs Twitter, Mazda vs Toshiba, Linkedin vs Facebook, Nasdaq vs Apple, Nikkei vs Sumitomo Mitsui, Nikkei 225 Vs Toshiba, Rio-AU vs BHP-AU, Nikkei 225 vs Toshiba, S&P 500 vs NASDAQ F, Stoxx 50 F vs FTSE F, Siemens vs E.ON, and Volkswagen vs Daimler
The navigation of the trade platform is pretty clear-cut or basic. You first choose the trade contract you want. After that, you select the asset you want to predict. Then, you make your prediction and set your expiry time, which can be as short as 60 seconds and as long as several months. It boasts of up to 81% return.
What sets TradeRush apart is that you are rewarded for actively monitoring your trade. This is because you can modify your investment, depending on the behavior while you are watching it. You have the alternative to sell your option, which means that you are allowed to pull it out prematurely. You do not end up with the potential payout, though; Instead, you either gain a little bit or refund some of what you put in, which depends on a couple of factors: the position of the asset when you sell and how much time is left before expiry.
You also have the option to double up. You do this when you notice that your prediction is coming true. Before your expiry, you can double the amount you invest. This can potentially increase your payout once expiry comes. You also have the option to rollover your investment. If you notice the asset is not going your way, you can use the rollover to postpone your expiry. The thinking is that it might go your way later on.
While there are many reports about a demo account, according to different blogs and review websites, actually finding the demo is difficult – if not impossible. If it does exist, it has been made deliberately hard to find.
TradeRush has mobile app for Android and iOS users, which gave the software program average ratings. Something confusing, at least for Android, is that there are two apps that could possibly be affiliated with TradeRush. Both are developed by Edburke Investments, and they even use the TradeRush logo. The apps are fine, but they are not as easy to use as the desktop, browser-based version.
TradeRush is a multi-language website with several languages offered, namely English, French, Spanish, Arabic, Russian, Chinese, Swedish and German. Their live chat sometimes comes in Russian, Spanish, and French languages, but there are times when it is exclusively in English. This depends on the customer service representatives available at the moment.
One of the best ways to contact TradeRush is through their live chat. You can access it by clicking the “Chat with Us” button on the “Contact Us” section of the website. Within seconds, you will be connected with a representative, who can answer your inquiries.
In case you prefer not to have a live chat, you can email them at email@example.com. You can also call them at several phone numbers, depending on where you are from.
You get an account manager when you sign up for a silver account or higher.
Pros & cons
TradeRush gives you a lot of options when it comes to trading on its platform, which uses an interface with a bright palette. Unfortunately, the mobile platform is much weaker than its competitors.
Customer Service By:
Email, Phone, or Live Chat
English, French, Spanish, Arabic, Russian, Chinese, Swedish, German
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