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What Does TradersRoom Have to Offer A Trader Like You?

What Does TradersRoom Have to Offer A Trader Like You?

When I first heard about the binary options broker TradersRoom, I immediately envisioned a room full of traders making money while trading online. When I searched the internet to learn more about them, I was amazed to read about the TradersRoom scam and the various complaints about this broker, so I decided to test them out for myself. 

General

Before we explore the services and features offered by TradersRoom, here is a short summary of what you can expect from this broker.

RATE OF RETURN Up to 75%
REBATE 4% Rebate
ACCOUNT TYPES Standard Account
ACCEPTED CURRENCIES US Dollar and Euro
ASSETS INDEX Stocks, commodities, currency pairs and indices
WITHDRAWAL FEES Up to $35 withdrawal fee
DEMO ACCOUNT No
ACCEPTS US TRADERS
MOBILE TRADING No
REFERRAL PROGRAMS Refer-a-Friend – $50

Let us now visit TradersRoom.com

Website

When you enter the TradersRoom website, the first thing that should catch your attention is that this broker offers a 75% return on investment. While this is not the highest in the market, it is still competitive. The website is easy to navigate and you will find all the features required to trade binary options on the homepage. This includes opening an account, the trading platform, FAQ’s, terms and conditions, live chat and more. The website is available in four languages including English, Russian, Portuguese and Spanish.

TradersRoom website screenshot

It is now time to put TradersRoom to the real test so let’s open a trading account with them.

Opening a Trading Account With TradersRoom

You will find a short registration form on the homepage of the site which requires you to provide your full name, email and telephone number. Once you submit this information, you will be redirected to another registration form where you will be required to submit your birthdate as well as create your password for your trading account. At this stage, you will also need to select the currency of the trade account and here your choices are only the US Dollar and the Euro. Once you have made this currency selection, you cannot change it at a later stage. You will then need to accept the broker’s terms and conditions and once you have submitted this form, your trading account will be opened. You will also receive a verification email confirming your registration. This whole process only takes a few minutes and it is free of charge.

It is important to note that TradersRoom does not offer a selection of account types and there is only one standard trading account. The broker also does not offer a demo trading account which allows you to trade in a real live environment without the risk of losing any money. The broker does however offer a demo video of how to trade on the TradersRoom’s trading platform which is helpful if you have never traded binary options online before. This demo video is available in English, Spanish and Portuguese.

While there is no charge to open a trading account with TradersRoom, the broker does require a minimum deposit in order to use their trading platform. Let us review how this deposit can be done.

Banking – Deposit and Withdrawal

The minimum initial deposit amount to trade with TradersRoom is $250 and the maximum deposit allowed it $5,000 on credit cards and unlimited via wire transfer. The banking options offered by this broker include credit cards such as Visa, MasterCard, CarteBleue and American Express, debit card and wire transfer.

The broker also has a minimum withdrawal amount of $100 and you can request a withdrawal from the comfort of your trading account. The maximum withdrawal amount is $5,000. TradersRoom only charges a $10 fee for check withdrawals while credit card and wire transfers are charged with a $35 fee. It is also important to note that in order to make a withdrawal, you will have to have made one deposit. That is, you cannot simply withdraw any bonus money provided by the broker. The terms also state that a withdrawal request will only be accepted 30 days after your last deposit so keep this in mind. TradersRoom takes 5-10 business days to process any withdrawal request. To verify your account details, the broker will also need you to send verification documentation before they release any funds. This includes a photo ID card or a passport copy, a utility bill as well as a copy of your credit card reflecting the last 4 digits and the expiry date of the card. It is important to note that TradersRoom uses an internationally accepted security system SSL (Secure Sockets Layer) that encrypts all credit card payments and sensitive data over the web. In this way, your financial and personal information is secured.

Now that we have made a deposit into our trading account, let’s check out the trading platform.

Trading Platform

The trading platform offered by TradersRoom is very easy to use and to navigate. You can also customize the way the trades are displayed on your screen and you can choose between cubes or rows. The broker offers different trade options including the standard binary options trade option, 60 Seconds and One Touch. The binary options trade option is divided into the different asset classes such as stocks, indices etc. as well as ‘My Choice’ which are the ‘hot’ or most popular assets being traded.

TradersRoom requires a minimum investment amount of $35 per trade but for the 60 Seconds short term trade option, you can make a minimum investment amount of $5. The payout amount is clearly marked on the trade and there is also a popularity bar which shows you in what direction the majority of trader’s are trading. That is, Up/Call or Put/Down for each trade. So let’s take a look now at the assets you can trade in with TradersRoom.

Trade Assets

All the assets you can trade in can be viewed on the trading platform. These are also divided here by their asset class. The website also has a full asset index which provides detailed information on each asset including the trading hours, the expiry rule and the Reuters code. TradersRoom is currently offering 32 stocks such as Google and HSBC Holdings, 11 currency pairs such as USD/CAD and EUR/GBP, 20 indices such as DAX and CAC and 4 commodities such as oil and gold.

Rate of Return and Bonuses

As the homepage says, TradersRoom offers a rate of return of up to 75% on trades that end successfully or in-the-money. They also offer a 4% rebate on trades that end unsuccessfully.

The broker is also currently offering a 30% welcome bonus which means that if you make a deposit of $500, TradersRoom will provide you with an additional $150 in your trading account. While this seems like a great deal, the terms and conditions state that you need to trade the deposit amount and the bonus twenty times before you can make a withdrawal. You could land up losing all your money before you even get a chance to withdraw any money so check the terms carefully and evaluate if accepting a bonus is the right choice for you. Remember, you do not need to accept the bonus from the broker.

TradersRoom also offers a refer-a-friend bonus. That is, for every friend that you refer to this broker who makes the initial minimum deposit of $250 and executes a trade, both you and your friend will receive $50 in your trading account. There is no limit to the number of friends you can refer to this broker. Let us move on now to review TradersRoom’s educational trading tools.

Educational Trading Tools

I have reviewed many brokers over the last few years and I would have to say that the educational trading tools offered by TradersRoom are very basic and limited. The broker offers daily and weekly market reviews. They also have a ‘hot tips from out analysts’ section which is currently empty. The broker does offer a comprehensive FAQ’s section which addresses topics such as accounts, trading and support as well as a full glossary section. You will also find information on binary options and a brief demo on how to trade. The broker also has a live news feed by CNBC Finance on their site.

TradersRoom scam

Customer Support

The true test of any company is their customer support. TradersRoom offers live chat and you can also contact them via toll-free telephone or email. The support and customer service staff is professional and they will assist you with any questions or trading queries. crm rank самый крутой продвижение сайтов в казани 8800 номер купить Тарифный план «Премиальный» сколько стоит продвижение сайтов класс отзывы

When I first heard about the binary options broker TradersRoom, I immediately envisioned a room full of traders making money while trading online. When I searched the internet to learn more about them, I was amazed to read about the TradersRoom scam and the various complaints about this broker, so I decided to test them …

Review Overview

Ease of Use - As the broker says, ‘Secure, Simple and Rewarding binary options trading’ - 95%
Welcome Bonus - Up to 30% Match Bonus – Only for a minimum deposit of $1,000 - 85%
Minimum deposit - $250 - 80%
Minimum Trade - $25 and $5 on 60 Seconds - 95%
Trade Options - Binary Options, Option Builder, One Touch, 60 Seconds - 80%
Banking Options - Credit card, debit card and wire transfer - 70%
Trading Platform - SpotOption – No software download required - 100%
Customer Support - Live Chat, Email and Toll-Free Telephone - 100%
Educational Tools - A basic selection such as daily and weekly market reviews and hot tips from their analysts - 85%
Languages - English, Russian, Spanish and Portuguese - 90%

88%

Summary : This TradersRoom.com review has looked at every feature and service offered by this broker. While some areas have room for improvement, the simplicity of the online trading experience offered by this broker, is ideal for novice traders. You also have the added bonus of competitive payout rates, professional support and an intuitive trading platform.

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