TraderXP Review

The Good: TraderXP is an excellent platform for experienced investors. This broker offers a nice range of assets (60 assets covering the USA, European, Asian and Middle Eastern markets) for the veteran to manage, and the bonus isn’t large enough for newbies to make stupid decisions. Solid investors who wants to trade overtime may find TraderXP more enjoyable, also thanks to their real time yahoo news bar and the brand new Pro/Fast Option (details at the bottom), but don’t expect the biggest profit withdrawal available in town every month.

The Bad: The major downside of TraderXP is that it’s not really a broker for newbies. The minimum investment for a trade is $20, which is on the higher side for just one trade. The effective return is 68-75% for your option expiring in the money; this is generally on the lower end for binary options broker payouts. Out of all the binary options brokers out there to choose from, you might be able to find better brokers. Although we can’t speak firsthand on it, many traders claim that TraderXP has been guilty of not making good on their payments but we think it’s because inexperienced newbie traders have lost a lot of money there, then complain about it.

The Bottom Line: Solid traders who know what they’re doing may find TraderXP more enjoyable, thanks to a real-time news bar and the Pro/Fast Option feature. 60-second trading, Options Builder, High/Low and One Touch trading (up to 400% return) also available.

TraderXP has all of the bells and whistles that you’d find from any broker. The interface is fresh, and organized, with a short and easy-to-follow demo video. On the flipside, TraderXP doesn’t exactly offer the best educational resources, as say, some other brokers might. The glossary, for example, is on the shorter side compared to other binary options brokers.

TraderXP does not charge any fees or commissions from investors when they deposit or purchase options. For withdrawing via wire transfer TraderXP charge $25, while credit card withdrawals are free of charge. One downside of TraderXP is the uncompetitive returns for “in the money” returns, which rises only up to 75%. Out of the money returns range from 0%-10%.

Minimum deposit is average, which is $200/€200. Deposits are available via Credit card, Wire transfer ($500 minimum deposit is needed for this method) or CashU. Withdrawals are available via the same methods. Minimum of $100 for withdrawal. TraderXP bonuses are available up to 25% or $500, which is below average.