TradeRush started its operations in 2011 and since then it has continued to improve its level of service in the binary options trading industry with its very straightforward user interface, impressive customer support, great selection of assets, high payout rates and great opportunities for expanding your knowledge about binary options. Compared to other popular brokers, TradeRush has made the process of trading binary options very simple as it can be. To start trading, you just need to select the asset that you wish to trade, predict whether its value going to be higher or lower than its current value and wait for the result of that specific trade.
Anyone who wishes to be a member of this trading platform needs to follow the registration process and finish it before trading is allowed. First, you need to fill up a form and supply all the details that are required. Once this is accomplished, you just need to select the payment method that you are going to use to fund your account and once this is done, you can start trading right away. In this review, we have tried registering for an account and found out that we need to furnish some documents to verify our identity and that we are our own account for transferring funds. We find this to be an effective way to verify the identity of a certain user. For security purposes, you will be required to submit a copy of your ID that is issued by the government such as your passport, driving license or residency card; your billing statements to verify your address; and a copy of your credit or debit card if you’re planning to use this payment method to fund your account. It’s better to have all of these documents ready before the registration process so you could easily authenticate your account.
Funding your TradeRush account can be done easily because this broker supports a number of payment methods. This can be done via Moneybookers, Paypal, Liberty Reserve, Wire Transfer and major credit cards like Visa, MasterCard, Maestro, Diners Club, Carte Bleue, Discover and JCB. A minimum deposit of 250 USD, EUR, GBP or JPY is required after the registration process and once you have funded your account it will be categorized to Micro, Gold, Executive or Platinum accounts based on the amount that you initially transferred. The standard account is the Micro account for those who made an initial deposit of $250 to $499 while the premier account is the Platinum account has a minimum deposit of $10,000. Each of these accounts offer different levels of bonuses and rewards so the higher the account level means the higher the perks.
When it comes to the assets, TradeRush has a variety of them that are available for trading digital and binary options. Our assessment shows that they have an interesting list of assets on offer that is on par with other trading platforms. Whether you plan to invest on currency pairs, indices, stocks or commodities, you might just find yourself overwhelmed with the choices that you can find at this platform. You can choose from various currency pairs such as New Zealand Dollar-US Dollar, Australian Dollar-Japanese Yen, British Pound-Japanese Yen, US Dollar-Singapore Dollar, Australian Dollar-US Dollar and many more. For major indices, you can trade on popular markets such as the FTSE 100, Straits Times, S&P 500, Hang Send, NASDAQ and ASX. If you prefer to trade on stocks then you can choose from the big brands such as Facebook, Unilever, General Motors, Las Vegas Sands, Disney, Nike, Apple, Google, Amazon, McDonalds and Netflix. Commodity choices are also good with sugar, coffee, wheat, corn, gold, platinum and cotton on offer.
This platform also offers a number of options types to choose from so you can have more flexibility for your trades. The High/Low Options of course is available for those who want to use the standard method of trading. This alone already features a great range of asset types and has competitive prices so you can get more out of your investments. Once you have selected your chosen asset, you just need to click on the Call button if you believe that the underlying asset’s value will go higher that its present rate at the expiry or click on the Put button if you believe that it will go lower that its current value when the option expires, key in the amount that you wish to invest for that asset and you’re done. All you need is to wait for the expiry period and see how your option will go. One Touch options are also available which have a 1 week expiration period and offers a huge payout rate that can reach as high as 500%. This option has become increasingly popular especially for commodities and forex markets and are only available on weekends, when markets are closed. Compared to the standard High/Low option where you just need to guess the price movement of a specific asset, you need to decide whether its value will rise and reach an amount or fall and reach a lower amount at least once after a week of trading. This type of option is very interesting because the price direction and goal are already set. You simply need to choose an option, key in the amount of your investment and wait for a week to know the results of your trade. Another interesting way to trade is the Option Builder where you can customize your option in various aspects. What’s great about this method is that it gives you the chance to use and better employ a trading strategy that will work for your advantage. This gives you the opportunity to monitor the risks so you can use a trading strategy that will give you optimal results. Lastly, 60 Second Options feature short term trades that only last for just a minute. This option offers a maximum payout rate of 175% which is good enough for such a short trade.