Comparison OptionBit vs. Tradorax

Getting the most appropriate binary option trading srevice for your company is difficult with various features, choices, and terms to choose from. But, using our website will make it possible for you to streamline the necessary steps by getting all main brokers in one place. For instance, you can compare OptionBit and Tradorax for their features and overall scores, in this case, 8.0 and 8.1, respectively. Similarly, you can compare which provider has better general user satisfaction rating: 100% (OptionBit) and 100% (Tradorax) to determine which service is better. Don’t just pick the service with the lowest minimum deposit, but the service that gives the best value for your money.

Comparison

OptionBit

VS

Tradorax

VS

Our Score

Our Score

8.0 ?

Our Score

8.1 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

100% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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Full Review

Description

OptionBit’s trading platform offers a wide range of useful resources and tools. It is user friendly and provides a “My Trades” box that indicates open trades.

OptionBit offers a range of advanced trading tools for a successful trading experience. All tools are available when trading currency digital trades only. You will be able to activate and use the trading tools starting five minutes after entering the trade and until 10 minutes before expiry. The trading tools offered are ‘Close’, ‘Extend’, and ‘Auto Trade’.

This broker also offers mobile apps compatible with Android and iOS platforms to enable trading on the go.

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.

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Italian
Customer Service Hours: OptionBit provides 24-hour customer support.
Place Trades Over the Phone?: No
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

Located In

Cyprus United Kingdom

Phone

0044 (0) 203 150 0934 442031500446

Platform

Platform type: Tradologic
Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes
Platform type: TechFinancials
Platform Languages: English, German, Russian, Arabic
OS Compatibility: iOS, Windows, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No

Payouts Percentage

81%

85%

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Place Trades Over Phone

No
No

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

Comission

No
No

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers Credit Card, Bank Wire Transfer, CashU

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Credit Card, Bank Wire Transfer, CashU

Email

support@optionbit.com support@tradorax.com

Trading Accounts

OptionBit offers four types of trading accounts:

Mini Account

  • Minimum deposit is $200
  • Welcome bonus up to 30%, loyalty bonus up to 30%
  • eBook on binary options trading and trading with OptionBit
  • Personal trading analyst
  • Free trading alerts
  • Daily market review
  • Account manager
  • Training materials like financial charts and webinars
  • One free monthly withdrawal

Standard Account

  • Minimum deposit is $1000
  • Welcome bonus up to 50%, loyalty bonus up to 100%
  • All features of Mini Account, plus:
  • Soft copies of digital lessons
  • Market reviews twice daily
  • One on one trading sessions up to 5 times every day

VIP Account

  • Minimum deposit is $10,000
  • Welcome bonus up to 75%, loyalty bonus up to 100%
  • All features of Standard Account, plus:
  • Two free withdrawals per month
  • Unlimited one on one trading sessions
  • Market expert to handle your account personally

Diamond Account

  • Minimum deposit is $50,000+
  • Contact the broker for information

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

Payout ratios

OptionBit allows you to earn a payout of up to 400% on your investment.

Tradorax offers up to 85% return.

Trade Types

OptionBit offers the following trade types: one touch, autotrader, and classic. The broker’s Tradologic trading platform includes the following trading types: regular above/below binary options, touch trading and range, as well as “extend” and “close now” features. Option types offered on the website are digital, one touch, touch/no touch, range, and turbo.

Tradorax offers the following trade types:

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

Assets

Oil, Gold, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities
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Both OptionBit and Tradorax were reviewed by a group of independent SaaS experts who prepared a full study of all crucial aspects of every software. Their ultimate score was prepared with unique SmartScore algorithm which provides a separate partial score to each factor such as: main functionalities, customer support, mobile support, security, customer satisfaction and media presence. Here at FinancesOnline we are aware that useful features are not the only thing essential to a company so we do our best to pay attention to all facets of a service prior to coming up with its final score.