Editor’s Review of TradeRush
With its headquarters located in the key financial district of Limassol, Cyprus, TradeRush is one of the binary options brokers that use the SpotOption white label solution.
Bonuses and Promotions
There are various bonuses and promotions offered by TradeRush. Traders can get as much as 75% bonus when they sign up for new accounts. Minimum account opening balance is $200. Actual account bonus will depend on the account type opened. There are four account types: micro accounts, Gold, Executive and Platinum accounts.
Traders can fund and withdraw from their accounts with credit/debit cards, bank wire and Moneybookers (Skrill). Only one free withdrawal is allowed per month. Subsequent withdrawals attract a $25 fee.
Opening an account is very easy. All the trader needs to do is to go to this webpage (insert affiliate link) and fill the online account opening form. Once this has been completed, the trader is sent his trading account number and password with which to get access to the trading platform. The TradeRush platform is web-based; there is no need to download any software.
Being a SpotOption white-label partner, TradeRush offers the following binary options trade contracts:
a) Classical Call/Put: Here, traders are betting on whether the price of the asset will rise or fall within a selection of pre-set expiry times.
b) High Yield Touch: Here traders can trade a contract that offers a high payout approaching 500% if the asset touches an ambitious strike price either to the upside or downside.
c) 60 Second Option: This option allows traders to purchase contracts with a 60 second expiry. This is the only options contract that can end in a breakeven position if the price of the asset remains unchanged on expiry.
d) Option Builder: Customizable options for the trader.
There are other special features such as the Rollover and Double Up features that allow traders to carry over positions and double their stake in an active position respectively.
Platform Features and Markets Offered
The underlisted assets are traded on TradeRush:
Currencies: EURUSD, USDJPY, EURJPY, USDSGD, USDZAR, USDCAD, USDRUB, USDBRL, GBPUSD, EURGBP.
Stocks: Sberbank, Lukoil, Turkcell, Amazon, Reuters, BP, Barclays, Google, Gazprom, Nike, Citi, Microsoft.
Commodities: Gold, silver only, cotton, sugar, corn, wheat, coffee, platinum, crude oil.
Stock Indices: Dow, Nasdaq, FTSE100, MICEX 10, Shanghai Stock Exchange (SSE), Bombay SE, Kuwait General Index, Hang Seng, Tadwul, ISE 30 Turkey. Dax, ESX (Egypt), MSM 30, ASX,
The maximum allowable exposure on a trade is $1,500. As long as this value is not exceeded, traders can purchase as many contracts as possible.
Successful trades offer returns of 70-85%, while trades that expire out of the money will offer returns of 0-15%. This allows the trader the opportunity to gain back up to 15% of his invested capital even in the event of a loss.
Traders can maintain accounts in Euros, British Pounds, US Dollars, and Japanese Yen. Once an account has been opened in a particular currency, it is not possible to change this. Traders are therefore advised to choose this option carefully.
An English-only customer support platform that supports live chat, email and toll free calling services is available for traders most of the trading day. Traders can use any of these methods to resolve any nagging issues regarding accounts.
TradeRush is one of the brokers that provide a fair market playing field for all participants. Traders have ample opportunities to make money from the different binary options contract types. It is left for traders to take advantage of the opportunities on TradeRush by signing up now.