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Traderush is one of the more established binary options brokers. The firm offers a single push ‘binary options’, and these usually offer higher returns than the traditional high/low options. Traderush also offers an option builder service that allows traders to put together the trade they want and offers greater flexibility than other pre-defined binary options. The Pro Trader tool is a further extension of the company’s commitment to helping their clients be as profitable as possible.
Traderush offers a good level of trading news, low minimum trades and a recently expanded support facility. In addition, they have also ensured that as many of these features as possible are available on their mobile platform, for smartphones, tablets and mobile devices. The trading platform is clear and easy to use – but can be updated to reflect the progress made with competing services in this regard.
Here are some key details about the Trade Rush brand;
- Demo Account – No
- Minimum deposit – £200
- Minimum trade – £10
- Signal service – No
- Bonus details – Up to 100% deposit match.
- Mobile App – Yes, for Android and iOS.
Trading platform
TradeRush offers an easy platform that allows clients to place trades quickly.
The trading platform lists the types of options at the top of the screen via tabs. Below is the selection of assets and views. The view options allow users to control how many windows they can display at once – meaning multiple assets can be traded at once if needed.
As a trader selects the type of option and the asset category to be traded, the price chart will be updated with the relevant information.
Traders confirm the specific asset via the drop-down list on the left side of the price chart – and then confirm the expiry time using the drop-down list on the right. Again, the data displayed in the graph changes with each of these updates.
To the far left of the chart is a ‘Popularity’ arrow – this illustrates the current trader sentiment on the particular asset, displayed as a percentage. The chart itself tracks the recent price movements. To the right of the chart are the trade buttons. The Call and Put buttons are nice and clear, as is the potential payout percentage. Once a call or call is selected, a confirmation window appears that replaces the payout percentage. The confirmation screen is where a trader will confirm how much they want to invest and the strike price, expiry time and possible payout are also confirmed. Once satisfied that everything is in order, the trader simply clicks on the ‘Apply’ button and the trade is opened.
It is a very clear and simple trading platform, but it lacks one or two of the features of competing brands. A simple, unadorned trading area is great – but it’s useful to use a few of the ‘nice to have’ features every now and then.
The Option Builder is a very useful option. This allows traders to build an option to suit their needs. This becomes essential for more advanced traders who want to “nest” two or three similar trades to control the payoffs of risks.
Dealer Choice
TradeRush offers options on forex, commodities, selected stocks and indices. Their list of assets to trade is very long, and includes a large selection of listed companies and an extensive range of forex options. TradeRush excels in the selection they offer traders.
Payout
TradeRush typically offers a maximum return of 81% on options. This rate can vary depending on the asset and the expiry time. Payouts on the 60 secondary binaries are high relative to other brokers, and this is a strong point of the brand.
Other properties
In addition to low minimum trades and a strong range of markets, Traderush also offers the following features and benefits to its clients:
Extensive news sources – Traderush offers daily news on all its markets, as well as a daily round-up.
Option Builder – A great tool for experienced traders to put together the kind of trades they want.
Pro Trader Tool – gives traders even greater flexibility, plus technical analysis and tools at their fingertips.