Traderush was established in the beginning of 2011 and is among the elder statesmen of the binary options space. They were the first to offer what has come to be known as turbo options, with the release of options that expire in one minute. Since its first days, the company has continued evolving and adding option types and instruments, as well as expanding into more markets.
On the sensitive issue of withdrawals the broker seems to fare much less impressively than its ability to keep up with the competition. Browsing binary options forums one can find a relatively high number of complaints about Traderush, bemoaning delays and an otherwise excessively complex procedure. This could be due to the popularity of the broker or due to an obvious greater focus on bringing money in rather than letting it go out.
The broker operates under the Gibraltar registered firm Altivex Limited, and uses Spotoption’s platform employing almost every feature available by the provider. The display of the site and its arrangement follow a chart centered style. The tab named “Binary Options” leads to the high/low options and automatically provides a selection of “hot assets”, usually including the most traded instruments.
The focus here is on the charts, which consist of a sentiment gauge as well as put and call buttons neatly at both sides. The prominent display of both time remaining to the nearest option’s expiry and the profit percentage it yields adds a lot in terms of focus and excitement, which many traders are after.
Occasionally there are drop-down menus that overlap with other parts of the display, which make it uncomfortable to read the information or perform an action. But overall, the process of making a trade is pretty straightforward and can be done by four clicks.
The Crypto Trader Survival Kit: 6 Indispensable Tips and ToolsGo to article >>
Payouts for most option types are between 70% and 81%, but it’s worth mentioning the fact that the daily payout even for the most popular currency pairs is 70%, significantly lower than many other brokers.
Compensating for the lower figure however, is the payout for one minute options (called 60 second options), which is obviously a strong suit of the broker – on EUR/USD it gives 81% if you manage to get the direction of these short-term options right (can be lower for other currency pairs).
An additional feature, that is sometimes lacking with other brokers, is the very well made videos whose topics start from the basics of binary options, go through how the different types of options can be traded and also offer slightly more complex tutorials.
Overall, Traderush has managed to stay relevant in an ever tightening market, relying on its head start and qualifies as an established broker. The brand offers a rich variety of stocks, frequent expiries and an excellent payout for 60 second options.
Binary options traders tend to like such components, but some are concerned by the reported issues with withdrawals of profits and the nagging display problems that can be annoying when you want to get information or trade at a quicker pace.