Official URL = http://www.traderush.com/
With so many binary options brokers operating right now, it can be difficult to know where to begin when it comes time to choose a company to trade with. One of the best brokers we’ve discovered so far is TradeRush. TradeRush is based in Limassol, Cyprus, and is currently in the process of undergoing regulation by CySEC. TradeRush hasn’t been around very long; the website first started doing business in 2011, but has a faithful following around the globe. TradeRush has many customers in Canada and the US and offers its services to traders from many international countries. Why trade at TradeRush? If you’re looking for an outstanding bonus offer, you’ll probably find it here. TradeRush also boasts some fantastic customer service.
TradeRush Quick Guide
- 60 Second Options
- Canadian Dollars Accepted For Deposits ($200 min)
- Educational resources available
- Office in Cyprus
- Great customer support
- 20-75% match bonuses on new accounts
- Payouts up to 81%
- Regular bonus offers to existing traders
- Withdrawal times are speedy and consistent
Step 1: Account Creation At www.traderush.com
Creating an account on TradeRush is free. From there, if you’re ready to trade live, you can deposit your trading bankroll in USD, EUR, or GBP. There are numerous payment options available including credit card, electronic payment, and wire transfer. The minimum deposit amount is $200 or equivalent.
Step 2: Funding Your Account
You’ll notice there are five tiers of accounts available when you make your deposit. The smallest account is a Mini account, which is what you’ll get if you deposit the minimum deposit amount. Even with this account, you receive a 20% match bonus should you choose to accept it. There are increasingly larger bonuses for the Standard, Executive, Gold and Platinum accounts. The Platinum account is the largest type, for customers who deposit $10,000 or more. These customers are eligible for a 75% match bonus. Always remember that match bonuses like these work on the principle of leverage; you can’t actually collect the bonus as cash until you’ve turned the amount over a number of times while trading.
At the higher account levels, there are a ton of additional benefits beyond the optional bonuses. You can get your own dedicated account manager, one-on-one training in money management, professional advice from experienced traders, analysis to help you make your trades, and some risk-free bonus trades (the closest thing to a demo that TradeRush offers). We highly recommend you take some risk-free trades if you can, because this will help you to familiarize yourself with the trading interface and also see if your trading strategies work well live. If you get a Platinum account, you can also get a free iPad.
Trading Options at TradeRush
Ready to start trading? Navigate to the “Trading Platform” tab at the top of the page (on the home page, it should be pre-selected). This will take you to the trading platform, which is powered by SpotOption. If the interface looks familiar, that’s probably because SpotOption is one of the biggest names in trading platforms, and you’ve likely seen it elsewhere on another binary options site.
On the trading platform, you’ll see types of trades across the top. The preselected tab is “Binary Options,” which is the same as Call/Put trading. You can also use Option Builder (set your own expiry time), OptionPro, One Touch, and 60 Seconds. OptionPro has an enhanced graphical interface to help you plan trades, though we still recommend you download some professional charting software to use to do that.
Trading Features Available
- Trade $5-$2,500
- 0-10% out-of-money reward
- Earn up to 81% on winning trades
- Undergoing CySEC regulation
- Working on a mobile trading interface
- Top-notch customer service
Educational Resources and Customer Service With TradeRush
TradeRush offers some useful educational tools to traders such as an Options Trading Guide, daily, weekly, and monthly market review sections, and additional resources like account management and professional advice to Executive, Gold, and Platinum account holders. But where TradeRush really impresses us is customer service.
First, let’s tell you what our experience with binary brokers is usually like—this is not what we experienced with TradeRush. Usually, it goes like this: During normal business hours, we click on the Live Chat button, and then we either 1-wait on hold forever, or 2-we are presented with an email form. The email we send is then ignored for weeks. Or sometimes we’ll get someone on live chat, only to find out that the “someone” is actually a robot, or too unknowledgeable to help us. When this stuff happens, it makes us very wary about the company we’re dealing with.
Here’s what our TradeRush experience was like, in total contrast.
We got on live chat during normal business hours, and a representative was immediately present on the live chat line. We had a lot of questions for her. She didn’t get impatient. She was very polite and informative and took the time to answer everything. Getting to talk to an actual human being who is patient and helpful and knows what she’s talking about is pretty much a miracle with these brokers. TradeRush clearly takes business seriously in ways that other brokers don’t.
Is TradeRush a Good Broker?
Our only complaints about TradeRush are that the trade sizes aren’t as open as we’d like, and it’d be nice if there were a proper demo account that you could get totally free. It’s great that USA traders are welcome (more liquidity is a good thing), and, of course, if you’re in Canada, TradeRush will happily accept your patronage. There are great bonuses and extra support and expertise available to traders with large accounts. There are many different ways to trade, which gives you more opportunities. But far and above everything else, the best feature of TradeRush is the customer service.
It’s amazing to us how many binary options brokers treat their customers as if they don’t exist. When you invest your money with a broker, you’re essentially loaning your money to the company. A lot of customers have a hard time understanding this. When you loan your money, you deserve a huge amount of respect. With TradeRush, we’re confident you won’t have to worry.
When you need to talk to someone about your account, you’ll be able to get a hold of someone quickly and easily, and that person will have the knowledge and expertise to address any questions and concerns you have. For this reason, we give TradeRush our enthusiastic recommendation.