- Does it live up to the expectations
- Frequent website crashes
- Live chat support not responsively
- Does not accept Bitcoin
- The advanced features are only available with the gold account
Are you craving to make your mark in the field of binary options trading? Well, in this case, your chosen trading broker will have a role to play. This is why it is essential that you make the best choice in this regard.
We came across TraderXP binary broker, and we felt that it is essential to highlight the reality of this broker before you end up choosing it. We took the pain to check out if this broker is regulated and to our utter disappointment it is not regulated.
This broker emerged way back in 2009 and made use of the SpotOption platform. If you think that you will get tremendous options when it comes to trading assets, then you are surely going to be disappointed. This trading broker just offers about 83 trading assets.
You can usually ascertain if a trading broker is good enough or not by looking at the demo account. Well, the disappointing aspect is that the demo account is not offered by TraderXP. This is why you will not get a chance to figure out if this trading platform is worth it or not. The fancy interface should not entice you.
Another major issue with TraderXP is that the website experience future crashes. The smooth operation of the site is essential if you are keen to use it on a long-term.
The live chat support also lets you down because they do not respond to the trader on an immediate basis. There are times when you need the answers right away and cannot wait. Well, TraderXP does not live up to your expectations in this situation.
TraderXP seems to be in a state of denial when it comes to accepting the latest technology. It does not accept Bitcoin.
An account manager is the dire need of the time when you want to excel in the field of binary options trading. However, the bad news is that the account manager option is only available with the Gold account. This means that you have to make a minimal deposit of about $5000 to sign up for this account.
The Bronze account is comparatively cheaper, but it is not so enticing for the trader because you only get access to daily and weekly market reviews. For a new trader, this information is not sufficient, and he needs additional insight by all means.
If you go for the silver account offered by TraderXP, then there is a strange requirement to be eligible for the redeposit bonus of 10%. You need to deposit about $1000 at least three times to be able to get access to this bonus.
We are of the opinion that if you are serious about your trading career, then TraderXP may not be able to address your trading needs in the best possible way. This is why you need to invest your trust in a more reliable option.