Founded in August of 2011, TradeRush is beginning to look like a mature Binary Options broker. Like many other brokers they have their headquarters in Cyprus (EU member country), which means that there is a tiny amount of oversight, although nothing serious. Using the SpotOption platform makes this broker competitive with at least 85 different assets and a maximum payout of 81%. That’s slightly better than the average SpotOption broker at 75%. The minimum deposit is $200, which is in the lower half, and the minimum transaction is only $5 making it suitable for beginners. However, they do not feature a demo account which is unfortunate since most novices will have a strong need for practicing their skills first. TradeRush takes full advantage of the SpotOption platform by offering 60 sec options and OptionPro (MetaCharts) as well. Not all SpotOption brokers do this. Continue reading below to get all the info you need.
SpotOption brokers usually offer a decent amount of underlying assets and TradeRush is no different with 85 assets to their name. This makes them one of the brokers with the most assets on offer. There is also a very healthy mix of assets meaning they don’t come from just Europe and the US, but also from Asia and the Middle East. Basically TradeRush caters to everyone, wherever they might live and trade from. There are even some interesting commodities available like cotton if you would like to trade some of the more obscure assets. Forex is fairly well represented with all the majors and the usual minors.
We cannot seems to find any fault at all with TradeRush and their platform. Reliability in our opinion is top notch. The SpotOption platform in general seems to be very stable and mature so we fully expect TradeRush to follow this track record. Be aware that there always is a delay between the order entry and confirmation. This is normal and happen even on trading platforms for professional traders. Use a dedicated browser for all trading due to the nature of these web based platforms.
Charting on the SpotOption platform is not bad but not the best either. In reality all Binary options Brokers have inferior charting. TradeRush do offer OptionPro (MetaCharts) which gives the user the ability to see price on a much bigger chart than usual. There are also some ways to configure the price history but it is really too basic. If you are serious about trading Binary Options you need to use better charts preferably from a free charting service which nowadays are available with good quality chart way beyond what any Binary options Broker can offer.
The user friendliness could be better with some kind of filtering or favorites feature. These are limitations of the SpotOption platform and it would be great if they could correct them. Especially with as many assets as TradeRush, some kind of favorites function would help. Most pro traders only trade a few assets, perhaps just one or two and focus on them. There is very little difference though between the brokers and platforms. Perhaps the biggest drawback with TradeRush is the lack of a demo account. Since Binary Options is something new, many beginners have a strong need for a demo account to be able to learn how this trading instrument work in reality. Everything must be learned from the beginning and it always takes time to master a new thing, Binary Options are no different. Depositing and withdrawal looks easy as with all brokers we have tried. There is plenty of options including lesser known Liberty Reserve.
We tried a few different ways to communicate with TradeRush and they always answered promptly. We refer Live Chat because it is easy and fast, but email is fine too. If you prefer telephone that is available as well. The answers we got to our questions were quick and thoroughly answered, even when we had some less common ones. From an educational standpoint we can recommend the ebook that TradeRush provides. However, TradeRush could do better with a video training program as well.
|Deposit Bonus||Up to 100%|
|Markets||Forex, Stocks, Indices, Commodities|
|Number of Assets||130|
|Deposit Currency||US Dollar, British Pound, Japanese Yen, Euro|
|Account Funding||Visa, MasterCard, Dinners Club, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Discover, Liberty Reserve, MoneyBookers, Money Gram, Wire Transfer|