TradeRush Review
Introduction
TradeRush is a binary options brokerage outfit which is owned by Edbruke Investments Ltd. The brand is managed by 247 Holdings Ltd, and offers the SpotOption white label brand of binary options platforms for the use of its clients.
TR Binary Options (TradeRush) Review – Not Even Regulated!
TradeRush Bonus Promotion
If you want to open an account with TradeRush then you will be happy to know that the company offers all new clients a 50% sign bonus worth 50% of your initial deposit.
Trade Types
The following trade types are offered by TradeRush on their platform:
a) Call/Put Option: The trader can bet on an asset ending higher or lower than market price by expiry for an average payout of 70%.
b) 60 Seconds Option: A Call/Put trade type which expires in 60 seconds.
c) One Touch: The high yield touch trade with a weekly expiry promises traders up to 500% payout if their trade calls are successful.
d) OptionBuilder: This allows traders to set their expiries to the exact hour and minute of the day, as opposed to the default expiries available on the other trade types.
e) Option Pro: This is a binary options contract with a variable expiry setting.
There are a few brokers who are currently testing the process of trading the binary options on TradeRush directly from the MT4 platform. Traders can also trade with their iPhones and Android devices.
Asset Index
Traders can trade assets in four different classes as follows:
Commodities: Platinum, Silver, Gold/USD, Oil, Gold/Euro
Currencies: USD/ZAR, USD/SGD, AUD/USD, USD/CHF, USD/RUB, USD/BRL, USD/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD, EUR/USD
Indices: Straits Times (Singapore), IBEX (Spain), CAC (France), FTSE (UK)
Stocks: Citi, Microsoft (US), Apple (US), Nike (US), Gazprom (Russia), BP (British Petroleum), Google (US), Lukoil (Russia), Sberbank (Russia) , Coca Cola (US), HSBC holdings (London), Rolls Royce (London), BAE systems (London), Reuters (US), TATA motors (India), Turkcell (Turkey), Amazon, Barclays.
Trade Requirements
Accounts can be held in five currencies: Euros, USD, Canadian Dollars, Australian Dollars and British Pounds. The minimum deposit requirement on the TradeRush platform is 200 units of any of these five currencies. Once an account currency has been set, it cannot be changed.
Traders can use the following transaction methods on TradeRush:
a) Credit card/debit card: Credit card brands allowed on TradeRush are cards issued MasterCard, American Express, VISA, and Diner’s Club. Card transactions are free and are usually processed immediately (deposits) or within 24 hours (withdrawals). A maximum of 10,000 units of the base currency of the account can be deposited.
b) With a maximum deposit of 5,000 units of the base currency of the account, Moneybookers can be used to accept deposits, pay out withdrawals and also conduct third party transaction processing of credit cards and over 100 online payment methods for North Africa, Europe and South America.
c) A minimum deposit of $500 can be made to TradeRush with wire transfers without incurring any costs. Transfers less than $500 will attract a $30 surcharge. Takes a minimum of 5 working days to complete, depending on the trader’s location.
d) Liberty Reserve: There are no transaction limits with this method of transaction.
One free withdrawal is allowed per month, while extra monthly withdrawals attract $30 surcharge. Traders can also get a 50% account opening bonus when they open and fund their accounts for the first time with TradeRush.
Customer Support
There are several international toll-free support phone lines covering many regions of the world, providing phone access to the customer support team. Traders can also reach TradeRush using the live chat on the home page, by email and by the online contact form which can be used for inquiries.
Thanks for reading our TradeRush review. If you have dealt with the company and would like to tell us about your experience, please do so in the comments section, below.