TradeRush is one of the newer binary options brokers to enter the market space.
There fresh and new approach offers a great all round package with some unique features that both new and experienced traders can profit from.
Quick Summary Of TradeRush |
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|---|---|
| Website | www.traderush.com |
| Telephone | UK (Toll Free) 0808 189 1458, US (Toll Free) 1800 986 6318 |
| Minimum opening deposit | 200 USD |
| Minimum Trade Amount | $25 ($10 on 60 second options) |
| Options Profitability | 65- 81% |
| Option refund | 0-10% |
| Option Types Available | Up/Down, One Touch, 60 second |
| Markets Available | Forex, Indices, Stocks, Commodities |
| Binary Options Trading Platform | SpotOption Platform |
| Account Holding Deposit | USD, EUR |
| US Traders Allowed | Yes |
Key Features
A large range of assets are available to trade with TradeRush. These cover the major indices, currency pairs and also a selection of major international stocks.
Of particular note is the selection of commodities on offer. Trading on these markets has grown in popularity in recent years and you will be well catered for here. As well as the usual gold, silver and oil, you will also be able to trade many ‘soft’ commodities including Cotton, Wheat, Sugar, Corn and Coffee.
Options payouts are at the upper level offered by Binary Options brokers with up to 81% for many contracts. ‘Double Up’ and ‘Rollover’ features are on offer.
The ‘double up’ lets you double your exposure on an existing option over a new expiry time, while with the ’Rollover’ you can postpone the expiry time if it looks likely you will finish out of the money. This extension can give you a second chance to close ‘in the money’.
Rebates are on offer for some options that finish ’out of the money’. Credit backs vary but will be between 0-10% of the stake depending on the option that was purchased.
Options Types Offered
High/ Low Options
As expected the standard Higher/ Lower (Call/Put) option is offered by the broker. The wide range of asset classes and good pricing makes these attractive.
One Touch
A range of One Touch options are available which can be placed for weekly expiries.
Option Builder
A very nice feature where you can build your own option by setting your own expiry time and strike rates.
60 Second Options
The 60 second option trading is what TradeRush is about and it is as good as it sounds! You can make up to an 81% return from these very short term 60 second trades.
These options are particularly attractive as you will only need to be 1 tick in the money at expiry in order to bank yourself these high returns.
Account Types
Trading accounts with Traderush can be held in either USD or EUR, with a minimum deposit requirement of either USD200 or EUR200.
Deposits Methods
The usual range of account funding options are on offer including Credit/Debit Cards (Visa, Mastercard and Maestro, Amex, Diners), Bank Wire transfer and CashU.
Withdrawals
Initially withdrawals are made back to the card you deposited from. Subsequent requests are completed by Bank Wire. Your first withdrawal each month is free with additional requests being charged a $25 processing fee.
The minimum amount per withdrawal is 200 units of your account deposit or $500 by wire transfer.
Customer Support
Support is provided by either email, online chat or phone and is generally quick and responsive. A particularly nice feature is the provision of toll free phone numbers for traders calling from the US, UK or Canada.
Pros
- The range of tradable options types (Above/Below and One Touch) in particular the fast 60 second option expiries
- Solid payouts of up to 81% (175% for 60 second options) and a reliable choice of trading platform
Cons
- Accounts can only be opened in USD or EUR (no GBP)
- Support is only offered in English which may prove a barrier for some traders
| TradeRush Asset Index | |||
|---|---|---|---|
| INDICIES | CURRENCIES | COMMODITIES | STOCKS |
| FTSE100 | EUR/USD | Gold | Barclays |
| DAX | GBP/USD | Silver | Amazon |
| Dow Jones | USD/JPY | Platinum | Turkcell |
| NASDAQ | USD/CAD | Oil | Tata Motors |
| ISE 30 | EUR/JPY | Cotton | Reuters |
| MICEX 10 | EUR/GBP | Wheat | BAE Systems |
| MSM 30 | USD/TRY | Sugar | Rolls Royce |
| TADWUL | USD/BRL | Corn | HSBC |
| EGX 30 | USD/RUB | Coffee | Coca Cola |
| QATAR | USD/EGP | Sberbank | |
| DUBAI | AUD/USD | Lukoil | |
| KUWAIT | USD/SGD | ||
| BOMBAY SE | USD/ZAR | BP | |
| HANGSENG | Gazprom | ||
| SSE 180 | Nike | ||
| NASDAQ FUTURE | Apple | ||
| S&P FUTURE | Microsoft | ||
| STRAITS TIMES | Citigroup | ||
| KL FUTURE | |||
| ASX | |||
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(5 votes, average: 4.40 out of 5)