With the crop of new binary options brokers that is popping up regularly, it’s often hard to tell which ones are worthwhile and which ones are still a bit rough around the edges. To help you make this determination we’ve set out to test each binary options broker methodically, and we’ve recently tested TradeRush, a binary options platform that offers a range of trading options including a 60 second option which can be suitable for traders who love the rush of a quick profit. Check out our findings in the TradeRush review below to determine if this is the right binary options solution for you.
Powered by SpotOption trading engine, TradeRush’s trading platform work pretty smoothly. The interface is designed in such a way so traders will have no problem navigating their way around. Simple to use, trading transactions can be completed with as little as 4 clicks of the mouse. Being a web based trading platform, there is no need to download any software in order to make the trading platform functional. Once a client has opened and deposited his funds, he can start trading straight away.
TradeRush added bitcoin trading to its options in June, 2013 and was the second largest binary firm to do so. TradeRush uses technology from SpotOption for its bitcoin platform and offers traders the opportunity to trade the bitcoin exchange rate as part of the TradeRush traditional Call/Put binary options. In addition, as part of the investor package at TradeRush, a TradeRush market analyst will provide an in-depth analysis of the bitcoin to each registered member. Bitcoin mobile trading is also available on the TradeRush iPhone and Android mobile applications.
In addition to providing a Yahoo! news feed, TradeRush also provides their own market analysis, which can be found on their website and is sent to all of its members daily via email. Although these analyses aren’t long-winded, they do provide an ample snapshot of what’s going on in the markets on any given day. Key economic indicators are also listed, though we did not find any in-depth technical analysis.
Without a doubt, our favorite feature was the 60 second offering which is a rather uncommon trading style, but one that really captures the essence of binary options trading as a quick way to profit. We also appreciated that TradeRush offers a competitive range of tradable assets including stocks, indices, commodities and currency pairs, such that nearly 70 assets are available on a given trading day. Because of the OneTouch option available, traders using TradeRush can trade on weekends as well as on weekdays.
Deposits and withdrawals can be done in EUR or USD via wire transfer, credit card or Skrill.
TradeRush offers customer support via email and chat, or by phone with a local phone number in the US and Canada. Support is available six days a week. Representatives can be reached in the GMT time zone on Sunday from 8am-7pm, from Monday through Fridays from 8am- 1:00AM.
Ease of Use
One thing we immediately noticed about TradeRush is that the site doesn’t trumpet their unrivaled bonuses as many other binary options (and Forex) brokers do. However, you can contact the TradeRush team to find out what bonuses they offer, as we’ve seen that the company does offer competitive deposit bonuses.
We were very disappointed to see that TradeRush doesn’t have a demo account, though they do have a quick 3 minute video which provides a relatively comprehensive overview of how the platform works. Despite this, we found TradeRush to be very easy to work with, from registration through trade execution.
Overall, we found TradeRush to provide a very solid binary options experience, with more than ample trading options to meet the needs of traders with different asset preferences and trading styles along with payout levels on the higher end of the industry standard.
Date posted: September 19, 2014