Overview
Traderush is one binary options broker that is leading the pack.
Details
| Broker | Traderush |
|---|---|
| Website URL | www.traderush.com |
| Trading Platform | SpotOption |
| Minimum 1st Deposit | $200 |
| Bonus | 100% up to $5,000 |
| Payout | Up To 81% |
| Free Demo Account | |
| Number of Assets | SpotOption |
| US Traders Allowed | |
| Overall Score | 95 |
Full Review
Traderush is one binary options broker that is leading the pack. This is true for many reasons. Not only is the broker based on one of the leading platforms, SpotOption, it has so many extra features it is not even comparable to most other brokers. Traderush is one of the first to hit the market and has definitely been building on its foundations ever since. The broker is owned and operated by Atlivex Limited, based in Gibraltar.
The Platform Is Top Notch
Anyone that has used a SpotOption broker will know that it has a lot to offer. Traderush makes full use of the available tools and provides a great broker for the all around trader. There are over 100 assets, each available during their corresponding market times. Because Traderush makes the effort to add new assets as we, the trading public, want, there are actually more assets than what the list will tell you. And if there is something you want to trade that is not there simply request it and they may be able to add it. On the official list are over 50 international stocks, 25 forex pairs, 10 commodities and about 3 dozen indices. The forex offerings include Bitcoin/USD options as well as pairs dominated by currencies such as the RUB, CAD, TRY and ZAR. Commidities include all the commonly traded hard and soft issues like gold, platinum, coffee, sugar, wheat, oil and corn. The indices is where the list, which is quite substantial, really shines. There are over 3 dozen international indices ranging from the standard U.S., European and Asain markets to markets in the middle east and Russia.
Not only is the asset list good, TradeRush also has the options types and expiry to match any trading needs. The broker has the standard Call/Put trading, Optionbuilder, OptionPro, One Touch and 60 Second Trading. Call/Put option is the standard in digital options while the Optionbuilder puts a spin on the trade. Call/Put have fixed rates of risk and return, the Optionbuilder allows you to choose between varying levels of risk and reward in order to maximize your profits and better control risk. The OptionPro is more of the same call/put trading, just with a different screen. It doesn’t add too much in my opinion but is not a minus however you see it. The One Touch trading is only available after market hours over the weekend and are a way to extend the trading week. You can choose whether an asset will meet or exceed a set price at least once during the week. The 60 Second feature is yet another spin on the call/put trade but one with an expiry one minute from purchase.
Expiry is often the area where a good binary broker falls short of being a great one, but not TradeRush. The SpotOption platform allows TradeRush to offer an extensive array of expiry. On most assets, there are several intra-day expiry’s, an end of day, an end of week, and end of month and an end of the next month out to 6 month’s from the current month. Not all assets have all expiry’s but from what I have seen most will have enough to suit the needs of both the short term and the longer term trader. And just in case you were wondering, the education center is filled with videos detailing how to use the tools and implement them in a sound trading system.
Deposits, Withdrawals, Bonuses And Minimums
Deposits are super easy, no surprise there. TradeRush accepts credit cards, debit cards, wire transfers and MoneyBookers (which I think is the best choice). You can deposit in a variety of currencies including USD, EUR, GBP, CAD, JPY and AUD. However, once you have denominated your account you cannot change it. The minimum deposit is only $200 with a max on credit cards of $10K, $5K for MoneyBookers and no limit on wires. ID is required to prove account ownership and to meet international money laundering laws. One thing different from most other brokers is a possible $30 fee on wire deposits under $500.
The company offers bonuses from time to time and each one will vary according to the offer. Each will come with a minimum that could range from 30-50 times bonus size. I don’t recommend bonuses in general but if you choose to take one be sure to read the full terms before accepting. Once accepted you will have to meet the minimums before making any withdrawals or else forfeit the bonus and any profits earned since taking it. Once all ID and any bonus requirements are fulfilled withdrawals will take up to 10 days or longer. There will be a 2-3 day processing delay at the brokers finance office and then up to 7 business days for the money to show in your account. Withdrawals with Moneybookers should be instant however and will have no fee. Otherwise the first withdrawals each month is free with a $30 fee for each withdrawals after that.
The Extra’s Make The Difference
TradeRush makes full use of the SpotOption platform, utilizing all the available features and even adding some of its own. The broker offers options on Bitcoin/USD, the hottest currency trade on the market today. It also has Buy Me Out, Double Up and Rollover options for you to use. These features collectively aid in account management and maximizing profits. They are available in other places but don’t come with the backing of one the biggest and best established brokers. Additions to the platform made by TradeRush itself are the video library and market reviews. TradeRush has one of the biggest libraries of trading videos I have seen, and not just about how to use the platform. There are really useful videos on strategy, manangement, psychology and other topics useful to traders. Finally, the market reviews. The daily, weekly and monthly market reviews are timely, up to date and filled with real time information; they are not just fluff added to the website to gain traffic.