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Software Tradorax vs. IQ Option

Choosing the right binary option trading srevice for your business is not that easy with a lot of functions, options, and offers to consider. On the other hand, relying on our review platform will make it possible for you to cut down the necessary steps by displaying all major services in one location. For example, you can compare IQ Option and Tradorax for their functions and overall scores, namely, 8.5 and 8.1, respectively. Similarly, you can check which provider has higher general user satisfaction rating: 99% (IQ Option) and 100% (Tradorax) to determine which service is the better choice. Don’t simply start using the platform with the most attractive minimum deposit, but the solution that gives the best value.

Software

Tradorax

VS

IQ Option

VS

Our Score

Our Score

8.1 ?

Our Score

8.5 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

99% ?

Minimum Deposit

$250

$10

Accepts US Clients

Yes
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Complete Review

Description

Tradorax uses the TechFinancials trading platform which supports informative charts, long term and short term expiry, and a wide range of assets in one package. The platform is 100% web-based, user-friendly, and you do not need to download any software to start trading. With a simple internet connection you can invest in binary options from anywhere in the world.

The Tradorax trading platform enables you to trade on High Low, Boundary, One Touch, and Short Term options. You can get returns as high 85% for EUR/USD options.

One of the preferred option types is the boundary option. This option can be used in both volatile markets as well as quiet trading conditions. Tradorax also offers an Android app for mobile trading.

IQ Option’s trading platform differs from most generic platforms. Asset selection is done using a tab system placed on top of the price chart. A drop-down list placed on the right side of the tabs offers more assets.

There are action buttons for the option types (Call/Put) you want to buy. IQ Option offers predefined amounts such as $10, $20, etc. that you can choose. Alternatively, you can also key in the amount in the amount box. The personal cabinet section shows your banking transactions and trading history. It also hosts the customer support option. The trading platform also supports mobile trading with iOS and Android apps.

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, German, Russian, Arabic
Customer Service Hours: Tradorax provides 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
TICKETS
Customer Support Languages: English, Spanish, Russian
Customer Service Hours: IQ Option offers customer support from 9:00 AM to 11:00 PM
Place Trades Over the Phone?: No

Trade Types

Tradorax offers the following trade types:

  • High/Low
  • Touch/No Touch
  • Boundary
  • 60 Second Trades

You can choose between the classic High/Low binaries and the faster Turbo trade feature.

Comission

No
No

Platform

Platform type: TechFinancials
Platform Languages: English, German, Russian, Arabic
OS Compatibility: iOS, Windows, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No
Platform type: In-house
Platform Languages: English, Spanish, Russian, Chinese, Arabic
OS Compatibility: Mac OS, Windows, Android
Streaming News Feed: No
Email Alerts: Yes
Mobile Alerts: Yes

Payout ratios

Tradorax offers up to 85% return.

Returns can go as high as 92%.

Phone

442031500446 74956680633
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Trading Accounts

Tradorax offers four types of accounts:

Mini: $250 – $499

  • Web/mobile platform
  • Education center access
  • Personal broker – 1 per week
  • Lessons 1-2

Silver: $500 – $4,999

  • Web/mobile platform
  • Education center access
  • 2% extra for every trade
  • Personal broker – 2 per week
  • Lessons 1-2
  • Lessons 3-4
  • Signal group
  • 0.5% cash back

Gold: $5,000 – $9,999

  • Web/mobile platform
  • Education center access
  • 3% extra for every trade
  • Personal broker – 3 per week
  • Lessons 1-2
  • Lessons 3-4
  • Lessons 5-6
  • Signal group
  • 1% cash back
  • 1 risk free trade per month

VIP: $10,000+

  • Web/mobile platform
  • Education center access
  • 4% extra for every trade
  • Personal broker – 4 per week
  • Lessons 1-2
  • Lessons 3-4
  • Lessons 5-6
  • Lessons 7-8
  • Signal group
  • 2% cash back
  • 2 risk free trades per month

IQ Option offers a free demo account and two types of trading accounts:

Real: Minimum deposit is $10

  • Bonuses up to 80% on each deposit
  • Up to 45% return in case of a wrong prediction
  • Over 70 assets

VIP: Minimum deposit is $1000

  • Bonuses up to 100% on each deposit
  • Up to 60% return in case of a wrong prediction
  • Over 70 assets

Email

support@tradorax.com support@iqoption.com

Deposit Options

Credit Card, Bank Wire Transfer, CashU Webmoney, PayPal, Credit Card, Bank Wire Transfer, Skrill, Neteller

Withdrawal Options:

Credit Card, Bank Wire Transfer, CashU Webmoney

Place Trades Over Phone

No
No

Located In

United Kingdom Cyprus

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities Oil, Gold, Indices, Stocks, Commodities

Payouts Percentage

85%

92%

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
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Product Comparisons

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You shouldn’t count on simply a wide set of features and adjustable pricing packages from a popular Binary Options Brokers. Almost as crucial as core features is a trustworthy customer support. You want to make sure that in a situation where you have any questions about IQ Option or Tradorax, or you struggle with some problems, or maybe you’ll need to ask for a specific update or functionality beneficial to your team you can trust in a responsive and helpful customer support. Examine whether options such as phone support, tickets or live chat are provided. It’s also a major asset if you are able to benefit from individual training or at the very least a knowledge base you can use.