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TradeRush Review
Not Trusted Broker By BinaryOptionsThatSuck.com |
TradeRush Overview
| TradeRush |
| Bonus: up to $20% |
| Options Profability : 65-75% |
| Rating: 5 / 10 |
  |
Basics
| Broker Name: | TradeRush |
| Platform: | SpotOption |
| Founded: | 2011 |
| Bonus: | up to $20% |
| Out-Of-Money-Refund: | 0-10% |
| US Traders Accepted: | Yes |
Features
| No. Of Assests : | 51 |
| Regulated : | No |
| Demo Account : | No |
| Deposit Options : | C.C., WireTransfer, CashU |
| Language : | English, Russian, French |
| Minimum Deposit : | $100 |
Screenshots
Review Last Updated 2012-04-13 15:03:17
Editor’s Note- Why does TradeRush Suck in 50 Words
As we promised our readers, we kept on tracking TradeRush progress over last few months. The results came up good – TradeRush are making prograss. On the downside, we came up with two problems – Withdraw process isn’t the best, and the return are quite average, maybe even low compared to major league brokers.
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Why doesn’t TradeRush Suck in 50 Words
For the same reasons we mentioned above- great trading tools and even better trading options. Since TradeRush was announced, they made great improvement. However, these advantages are only the minimum requirements to become a reputed broker.
TradeRush Full Review- Fine Trading tools and options
TradeRush 60 seconds Binary Options was only recently launched but already claimed a respective place in the raising brokers list. TradeRush was listed in many review sites as a refreshingly innovate binary options broker and the ongoing updating of this broker’s site is an example for many other new binary options brokers. TradeRush platform is based on SpotOption 100% web based platform so there is no need for any software to be downloaded. TradeRush offers its costumer fair In-the-Money return but the main advantage of TradeRush lies in the trading options. In TradeRush, a trader can trade options with an expiry of 60 seconds, which is the main extra feature TradeRush offer, but there are many more others- One Touch options for weekend trading, Option Builder which allows the trader to decide for themselves what will be the return and refund for a certain option and last but least, Pro trader for advanced traders with many innovate charts. These great trading tools brought the inexperienced TradeRush broker to the attention of many traders and review website. However, it seems like the return are not matched with the trading options. Unfortunately, the maximum profits are around 75%, average low compared to the biggest brokers.
Is TradeRush a Scam?
There are many areas that TradeRush haven’t still covered and demands attention, the first is concerned with the annoying absence of a demo. The buzz around TradeRush amazing trading tools alongside with a good variety of assets and returns for the money brought many inexperienced trader to try their platform. There is one very tricky move lots of questionable or un-reputable brokers do, and that’s a demo tutorial instead of a real virtual cash demo. I have encountered those brokers before and you check them out in our website for more information. In regard to TradeRush, when a broker offers so many great trading tools it should know that there must be a real demo so that the inexperienced trader could learn before getting swooped in the binary river. Unhappy customers are defiantly right but they should know not to let it happen to them again. Maybe you shouldn’t trade with TradeRush. Another major downside, I think even bigger than the first, is the withdrawal maximum- The maximum withdrawal amount cannot exceed the initial deposit. That’s’ an absurd, why can’t I withdraw my profits and the initial deposit at the same time?
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TradeRush Complaints
In Binaryoptionsthatsuck.com we do the research! What we did is very simple – we searched on Google for TradeRush complaints or TradeRush fraud, scams, Etc. you can try it also. While searching the web for any information regard TradeRush, we came across many complaints, mostly the usual “they didn’t give my money back” ones which will be ignored for now as I mostly see them as unsafe and maybe biased, or just unhappy costumers. The other complaints were people who were offered a demo as they deposit but then, instead of any demo, they received tons of trading guides and were told to read them in order to learn. Many of them claimed to have lost their money in the end.
TradeRush Bonus
TradeRush offer bonus factors of up to 100%, quite a lot and maybe even unnecessary, I will let the traders decide. Other than that, the bonus factor is fair.
TradeRush Withdraw
Some sites only talk about deposit, On binaryoptionsthatsuck.com we are not worried from that option. Here the most important part we care about, which could also be seen as the most important thing in binary options – Withdrawing your profits. Brokers don’t usually cause problems depositing money, but some brokers will cause problems withdrawing it.
In my opinion, there’s problem with the maximum withdrawal process and limits. Most traders use Credit Cards to deposit and withdrawal. At TradeRush, the maximum withdrawal via C.C shall not exceed the deposited amount, means that a trader cannot withdraw his profit straight into his bank account. The rest of money, meaning the profits, could only be sent via wire transfer, which is quite bit more complex method.
TradeRush Extras
Some traders are looking for the extras in each broker, here at BOTS.com we think different. This section is about what’s different in TradeRush, what makes TradeRush different then other brokers.
The Extra’s that we liked the most in TradeRush are the:
- Great trading options – Touch, Pro Trader, OptionBuilder, 60 Seconds
TradeRush Ratings
Since 2011. Trading Assets- 51 trading Assets. Minimum Deposit -100$, 100€. Payment- Credit cards, wire transfer, CashU. Options Profitability- 65%-75%. Out of money option refund-0-10%. Platform: SpotOption. Languages- only English. Demo- NO.
User Friendly 9/20
TradeRush platform is own 100% web based SpotOption platform, with no need for any software to be downloaded. TradeRush website is pretty modern, navigating is easy, trading experience is good and most information is quickly available. The trading area has only problem- in order to view information about a specific asset, a trader should go to the asset index and then click on the asset for information. Another downside is the lack of any other language then English.
No. of Assets and Expiry time 12/20
Total of 51 Assets: 18 stocks, 13 currencies (forex), 9 commodities, 21 indices. TradeRush overall amount of assets is fair, average compared to most other brokers. TradeRush expiry times are fairly wide during the day, starting from 60 seconds until the end of the day for most assets. The downside is the lack of Touch Options for over the weekend trading.
Commissions, Support and Effective return 10/20
TradeRush don’t charge any fees or commissions from investors when they first deposit or purchase options. Withdrawals are charged for 30$ after more than one transaction per month, or if the withdrawal is via wire transfer (30$). TradeRush support is available via only 2 international numbers- USA or UK, or via email. The live chat service is just OK and available quickly during most hours of the day (less on traffic hours). The effective return is among the average-low in the industry- 65-75% In-The-Money with a 70% average return for most assets. The Out-of-Money refund is average, between 0-10%.
Deposit, Payment and Bonus 15/20
TraderRush Minimum deposit is below average – 100$ or 100€. Deposit is available via C.C., Wire transfer, Cash-U. Withdrawals are generally available via the same methods with certain charging fees. Traderush usually offer a bonus of up to 30% to new customers. Just recently TradeRush decided to increase the Bonus percentage with a great 100% bonus for bigger investments (500$+).
Website Extra’s 18/20
TradeRush main trading extra is the great 60 seconds options trading. This options allows investors to trader from between 5$-100$ on a single option, with a 60 seconds expiry time. 60 seconds trading is refreshingly new and exciting, a great advantage for TradeRush. Other than this, TradeRush provide it’s costumers with a good demo tutorial and a live news bar by Yahoo, Option Builder and Pro Trader for advanced Charts. The only downside is the lack of Touch Options, although TradeRush website does mention that Touch Options do exits.
TradeRush rating: 66/100 – Not Regulated (-10) = 56
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6 Responses to “TradeRush”
hi .. i was inquisitive in making some investment with Trade rush .. plz help if know if it is a legitimate company
I started trading with TradeRush two months ago. Their platform was originally buggy but right now it runs very smoothly. That I know there are very few brokers that have the 60 second options with live charts and this is a very nice feature…I have made two withdraws and am happy with them. Support is good though they are not available for chat on Saturdays.
To me they look like a fake company. There is no info about their company and their address. They say they are in Cyprus, but no address. They are fake.
Started trading using Keith Jones method and lost big time…Does not work..PlEASE SAVE YOUR MONEY!!!
I have been trading Forex for 10 years but I opened a account with TradeRush 2 weeks ago.
In three days my $500.00 account went to $1300.00. I maintained a 10% max money management system.That was done in 3 days of trading and an 86% win ratio. Mon. I used the same system but win ratio dropped to 37%. Thats when I started to notice their price movement was differant than mine. I run meta trader 4 platform at the same time as Trade Rush. I would then place a horizontal line at my entry price on meta trader. When market price would move a few pips away and then back to the line, I would check the price for accuracy. If price came back to line just before expiry there would be a 30 pip differance.
Costumer service could not answer as to why this was happening and their reply email was lame.
They are a SCAM.
I’ve had pretty much the same experience as Jim Schiavone! I started with a $250 account and in a couple of days went to $700. After this I saw a gradual decrease of my account even though I was using the same strategy.
I’m aware this isn’t unusual in trading Forex, but all throughout I was also monitoring prices with my MT4 platform and noticed quite a discrepancy when comparing to TradeRush prices.
Traderush’s prices at certain times remained static when the same price in MT4 would be noticeably rising/falling as I was expecting, hence the trade I placed would lose!
There can also be delays of a few seconds when starting a trade, which is a lifetime when trading the 60 second options!