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Editor Rating
- 5/5 – Excellent
Trade!
- TradeRush review
- Website: TradeRush
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Review Summary:
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Traderush.com is a trading platform that facilitates trades in these options, and that offers its trader-clients the ease of use and transparency that people who operate in this field appreciate.
Table of contents
Binary options trading, a rapid-fire form of financial investment, is not for everybody, but experienced traders, or those who wish to become experienced, often gravitate to this type of investment vehicle for its speed and the ability it gives to take positions in a broad variety of asset classes. Traderush.com is a trading platform that facilitates trades in these options, and that offers its trader-clients the ease of use and transparency that people who operate in this field appreciate.
Binary options are a financial product that delivers a fixed return on every trade, depending on whether the trade was in the money, out of the money, or a tie. They are one of the fastest-growing financial trading products in the world due to their simplicity and the certainty that they offer as to the return available for every trade.
These options, also known as digital options, can be bought on virtually any underlying financial product, and can be bought in either trading direction, permitting traders to go either long or short. A key characteristic of these options is that they are offered against a fixed expiry time which may be somewhere between 5 and 30 minutes in the future, or an hour ahead, or at the close of the trading day. The trader wagers on the price movement the underlying asset will make between the moment the option is purchased, and when the expiry time is reached.
Featured Products
The company’s featured products are the options available to trade on their site, and so let’s take a look at what those are, and how good a job the company does at supporting its trading clientele. Traderush is a favored online platform for trading these options. In selecting a platform, traders look to a number of features that may be available on the site. With this company, traders are offered a clear list of all trading assets, as well as the firm’s trading hours, and its trading symbols.
The result is a simple, secure way to engage in binary trading. The firm prides itself in the ability to employ cutting-edge technology in the service of its clients. Also, they have an admirable commitment to customer outreach, including in the information services that are critically important for newer traders who are still learning the ropes.
The trading platform carefully accounts for each of the four factors that are involved in making a trade – the current price of the asset, the expiry time, the amount the trader wants to invest, and the payout and risk amount offered for the trade.
In order to make a trade, all you need to do is select an asset, whether a certain stock or bond, or the exchange rate of a certain currency. Then you examine the current price of that asset. If you believe that price will be a certain amount higher at the expiry time, you click “call,” and if you believe it will be a certain amount lower, you click “put.”
After that, all you need to do is indicate the amount of money you wish to place on the trade, which can be as little as $10.00, and then click the “apply” button. If at the expiry time, the underlying asset’s price is where you predicted, you are “in the money,” and you will collect the payout percentage indicated at the time when you made the trade. If the price is not where you predicted, you will receive back only the percentage of your investment indicated in your contract.
For advanced traders, the types of trades offered by the firm can be highly specific and complex, extending to “double up” trades that allow you to “let it roll” if you feel the directionality of an asset will continue to be favorable at the expiry time of your initial option trade. The firm also enables powerful stop-loss strategy options that can be critically important in mitigating losses.
Prices
When dealing with binary trading, the “prices” correspond to the payout percentages offered by the trading platforms. These percentages will vary by platform, and so this is the key metric to examine in determining what is being offered financially.
Traderush offers an 81% maximum payout while trading with the firm’s “one-minute” trading option. This option involves predicting the direction of an asset over a 60-second period, which of course is a remarkably short period of time. For trades with such a short duration, you need to be following the news feeds closely, and you need to be careful not to trade in amounts that deplete your capital. This option, due to its excitement, is common in binary trading, and the company’s 81% payout compares quite favorably with other trading platforms.
The firm also offers one-touch trading, which despite its name is quite a bit more complex, but which offers payouts of over 500% on your investment. For this investment, in order to collect, you need the asset, at the time of expiry, to reach a specific price target, not just to be anywhere above or below the entry price. Because the risk is greater, however, the reward is also greater. From the standpoint of price comparison, we find that the percentages offered by the firm for this quite speculative type of investment are quite competitive.
Customer Service
The firm’s offices are open from Monday through Thursday from 7:00 in the morning until 1:00 in the afternoon, on Friday from 7:00 in the morning until 10:00 at night (Friday nights are major binary trading times), and on Sunday from 7:00 in the morning until 4:00 in the afternoon.
The company offers live chat for 24 hours a day, five days a week, and provides dedicated account managers. Your manager will learn your skill level, and will be able to accommodate your questions and requests in a way that you will comprehend. They also provide news feeds and market analysis to help you keep up on the torrent of information that affects the markets, along with tutorials covering every aspect of binary trading. The result is an encyclopedic reference library covering all the information traders will need to pursue this activity.
One of the signal advantages of this platform is that it involves no downloading. Everything is done online, and all a trader needs to do to get started is to open an account. All trading activity will be performed through the client account, ensuring that comprehensive records of trading activity are maintained. This permits any dispute over payouts to be examined in a thoroughly transparent way, as all of the information is carefully preserved.
Criticism
The battle-hardened, and sometimes battle-scarred , veteran investors who have commented about the company give it generally favorable reviews. More critically, there were no complaints asserting a failure to timely pay payouts, or a failure to fully pay what was owed. This is naturally a concern with an investment platform, and that complaint has arisen in connection with other binary trading platforms – but happily, not with this one.
Final Thoughts
This form of investment is risky, and a bit addictive, which may account for why the word “rush” is in the website’s name. If you are an investor with substantial experience, self-control, and market knowledge, however, and you feel confident in your ability to trade profitably through the use of binary options, this website offers a very advantageous set of features, as well as client-friendly functionality to support your trading activities.
