TradeRush is one of the younger guns in this industry but is doing very well. Otherwise, we would not review them so extensively. They work with the famous SpotOption platform which is browser based and doesn’t require any download. One of the biggest advantages is that you can trade a huge variety of options, including brand new 60 second options that deliver the fastest trading experience there is. There’s also a big selection of stocks like Facebook where you can profit from certain news and developments in the industry very easily.
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TradeRush Platform
TradeRush Overview
Headquarter: Limassol, Cyprus
Languages: English, French, Japanese, Spanish
Website: www.traderush.com
Total assets: over 100
min. investment amount: $5
max. investment amount: $3500
Payout: 65-81% and 0 – 10% refund
Option Trading at TradeRush
TradeRush offers digital/binary options (also called high/low), one touch and 60 second options as well as an option builder where you can construct your very own options with your preferred risk profile expiration dates, etc.
60 second options are excellent for traders that seek action. If you want to trade many options in short periods of time, 60 second options are the right choice for you. One touch options can be traded during the weekends. This is something that you don’t want to miss when you want to buy some options during this time.
Software
TradeRush uses the famous SpotOption platform which is totally browser based software with no download is required. One thing that we really like about the TradeRush platform is “OptionPro”. With this feature, you can take a very close look at charts in order to do your analysis. Overall, the TradeRush platform is very easy to use and navigate but also offers enough details and information when needed. There’s really nothing to complain about.
Deposit and Withdraw
In terms of depositing money, TradeRush is OK but nothing special. You can deposit with credit cards like Mastercard and Visa and through wire transfer.
In case you want to cash-out more than once a month you have to pay a $30 fee. You also have to pay this fee for wire transfers and this can be expensive. When you make your deposit using credit card and make profits, you can’t withdraw more than your initial deposit to your credit card. You can withdraw the rest of it through wire (with $30 fee). This is something that is not good about TradeRush.
Bonus and VIP Program
Please be aware that the CySec prohibits brokers to offer deposit bonuses starting from 2021. Thus TradeRush will not longer be able to offer any bonuses.
Service and customer support
Customer service at TradeRush is OK but not the best. On Wednesday, there’s no customer support. You can contact their staff through email, toll-free phone and live chat. Support is currently available in English, French, Japanese and Spanish but they should support some more languages in the near future.
Experiences with TradeRush
TradeRush is a good broker but certainly not the very best. To be the best they should solve withdrawal problems (with wire and high fees). They already support more languages and also provide customer support in these languages. As US-trader that wants to give binary option trading a chance and doesn’t expect too much profit, it’s a good broker especially thanks to the innovative 60 second options that enable very fast trading.
