TradeRush

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.

General Information

Founded in: 2011

Headquarters: Cyprus

Minimum Deposit: $200

Minimum Trade Amount: $5 for 60 Second Option, $10 for all other options.

Maximum Per Option: $1500

Languages available: English

Trading Platform

By their very nature binary options trading platforms are designed to be simple, but the platform offered by TradeRush has several features that set it apart.  For starters, we appreciated how the options noted exactly how much longer there was to place the trade, and how much longer there was until expiry, rather than just listing an expiry time and requiring that we figure it out.  The time left to trade is clearly written just above the payout percent on the asset you are trading.

Clearly defined tabs allow traders to choose from five different trading options, including OneTouch, 60 second, Option Builder and the standard binary options trading platform.  We tested each different option and found each one to be equally clear, well-designed and intuitive to use.  It should be noted that for the Option Builder, the minimum trade size is $100, and the maximum trade size is $1000, slightly less than the standard maximum of $1500 for the other option types however using this feature you can customize your risk reward ratio. 

In addition, TradeRush allows traders to view available options as a list or in a table, options they call the “pro” view versus the “fast” view.  Although this option is not uncommon, it is welcome, and we were not at all surprised to see that the table view was just as organized as the list view.

Live chat assistance is available on the right side of the trading platform, so that if you have a problem help won’t be far away.  Likewise, A Yahoo! Finance feed is located inside of the trading platform, and for anyone who places trades based on news, this may be extremely useful.

Features

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 MoneyBookers. 

Customer Service

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. 

Final Thoughts

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.