Trader XP has been a leader in the online broker industry since it was established in 2009. While many Trader XP reviews have claimed that trading online with TraderXP is a scam it is evident through the many powerful tools and software platform that Trader XP is a highly reputable online broker. Claims of a TraderXP scam are unfounded as there is not enough evidence to even suggest a Trader XP scam has ever taken place.
Trading online with TraderXP provides a number of benefits to all types of traders. There are a variety of special features available with this online broker that would not be offered with a TraderXP scam. This review will discuss all of the benefits of trading with this online broker and will discuss why there are no substantiated TraderXP scams.
Features of TraderXP
Many Trader XP reviews will not discuss all of the highly usable features that are available at this online broker. In most cases, reviews will only discuss the TraderXP scam rumors that have never been confirmed. The availability of these trading features is just one of many reasons why the Trader XP scam claims are unfounded. One of the advantages of trading with this online broker is that there are a variety of assets available for trading. In addition, this online broker offers excellent support and a high payout rate. The software platform is web-based so there is no need to download any software to your computer.
Assets and Returns
There are 53 different assets that can be traded with this online broker including currency pairs, indices, commodities and stocks. These assets are available on a number of different markets including American, European and Asian markets so you will enjoy a truly international trading experience at Trader XP. As mentioned previously, this broker also has a high rate of effective return which means you will enjoy higher payouts when your trades finish in the money. If your trade finishes in the money you can enjoy 68% to 75% return on your investment. In addition, you will receive a 5% to 10% return of your investment if your trade finishes out the money.
Customer Support and Banking
The deposit and withdrawal methods are 100% secure and are very simple to use. You can use credit cards, debit cards, bank transfers or e-wallets to place withdrawals and deposits. One of the greatest benefits of trading with this online broker is the customer support. There is a live chat function, email and 10 different telephone numbers you can use to reach a customer support representative. These representatives are highly trained to answer most of your questions in regards to the broker.
Ideal for Beginners
Forex binary options trading has been significantly simplified by Trader XP which makes it a great platform for new traders. The assets along with the strike price and expiry time are prominently displayed so they can easily be seen. You only need to choose a put or call option, enter the amount you want to invest and click to open your trade. You can monitor your trades by navigating to your account on the TraderXP website.
The TraderXP Double Up Tool
The Double Up Tool at this online broker enables traders to double their investment amount when the market is moving in the way that they initially predicted. This tool is greatly beneficial when it is used near the time of expiry.
Rollover
The rollover feature allows you to extend the expiry time of the option you are trading. This feature can be very helpful when you see that the market is not moving in your favor. When you use the rollover feature at Trader XP you are essentially moving the expiry time on your investment to a later time in order to give your trade an opportunity to make a profit.