TradeRush Review

BrokerTraderush-logo
TRADETrade Rush
Founded2010
Headquarters1A, Arcade House Temple Fortune, London NW11 7TL
Support Number+44-2034045709
Support TypesManuals , Newsletter , Call Back , Phone , Chat , Email
LanguagesArabic , English , French , German , Japanese , Spanish
Trading PlatformSpotOption
MIN deposit200$
Minimum Trade Amount 10$
Free Demo Account YES
RegulationNO
Number of Assets100
Account Types Basic, Professional, Expert, VIP, Corporate
Deposit methodsCredit Cards , Moneybookers , Wire Transfer , Bank Guarantee , Custodian Banks , Debit Cards , Liberty Reserve
Account Currency AUD , JPY , GBP , NZD , USD , CAD , EUR
US Traders AllowedNO
Overall Score5.8

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TradeRush Overview

The company is launched in 2011 and located in London. It still does not have regulation any more but it is listed in many review sites which makes it popular and trust worthy, for sure. TradeRush platform is based on SpotOption 100% web based platform so there is no need for any software to be downloaded.

In-the- money returns are offered to the customers, but it is only one of the numerous and attractive features. There is a range of expiry times, from 60 seconds to 6 months. Another options are One Touch for weekend trading, Option Builder which allows you to pick risk/reward ratios and Pro trader for advanced traders and interactive charts. The asset list is pretty great, like most other SpotOption labels. There are over 150 indexes, commodities, forex pairs and stocks. These are matched by several types of options including the standard high/low binary, One Touch and 60 Second speed trading.

In comparison to some big brokers, the maximum profits are low around 75%. The review from 2015 said that there is still no regulation.

Is TradeRush a trusted broker?

The withdrawal seems to be the greatest problem since many people have issues with it. In fact, there are more complaints than positive comments, so maybe it is not a good thing to recommend this broker. Even though the Demo is offered to customers, they do not get one. They get a much different thing.

What also needs to be fix is the freezing screen. Maybe it does not sound as such a big issue but for the customers themselves, ti is. A great deal of lost trading and money stand behind this, exactly.

At last, the most important thing is people losing money. They are not satisfied with the broker in general, which cannot be a good recommendation.

Should I open an account with TradeRush?

This company is also one of many using SpotOption, but its 2.0 version, where you can find some new features such as Ladder Options and Spot Follow. These are options for the other traders to be followed which gives you the opportunity to automatically copy their trades. Here you can also find things concerning education. But nothing really special is being offered since they stick to the basics. Even the registered users cannot find much more details or new things concerning education which is a pity.

There are a few types of account offered with different kinds of deposits needed, of course. The minimal deposit is 500 dollars, and the biggest one goes up to even 25,000 dollars. The thing that seems to be bothering is that the recommended deposit is 5,000 dollars. That, from the side of a no- broker, is pretty much. But maybe an actual broker thinks differently and maybe this big deposit has some advantages on its own.

TradeRush had also its new beginning which improved things. Many tools and trading options are now there to facilitate things to customers.

A big minus for those guys is not being regulated yet, even though they do not have bad recommendations In general. This means that this company is listed in numerous review sites and they say that this brokerage can be taken as an example to other new and young companies, which can only be a pro, of course.  We are waiting for the regulation to appear any time soon.

Talking about extra features, there are many of them. The first thing to be mentioned is, expiry ranging from 60 seconds to even 6 months. The others to be listed are One Touch foe weekend trading, Option builder and Pro trader, for those traders with much more experience. The platform like SpotOption always offers wide variety of assets, and TradeRush is not an exception. What is offered here is over 150 indexes, commodities, stocks, and forex pairs.

Maybe, with this kind of assets and tools found here, a great return is expected. Nevertheless, this is not the case. The maximum profit seems to be 75% and this is only the average in comparison to other companies.

TradeRush Complaints

To be honest, many complaints are to be found here. To repeat, the leading one is the freezing screen, which makes people lose good trading and money. But there are some others. There is no agency that has not been complained about not giving the money back. This one is not an exception. This leads to many people losing their money at the end. All this cannot be a good recommendation. The advice is to inform yourself as good as you can before investing money.

TradeRush Bonus

The bonus goes up to 100% and depending on which bonus you take, there is a trade volume of 20, 30 and 40 times bonus plus deposit.

TradeRush withdrawal

Here, withdrawals are made by credit cards, wire transfer and MoneyBookers. The interesting and important thing is withdrawing the profit. The minimum withdrawal is 30dollars and most of them are free, but with wire transfer, only the first one in month is free, the others are paid 30dollars. The withdrawal will be done within 7 business days.

TradeRush Extras

Nothing special can be found really. What is offered is SpotOption white label and many that can be found everywhere else.

TradeRush Ratings

User- friendly 8/10

You can reach the needed information quite easily. The platform is modern, easy to handle. The only thing that can bother is reaching the assets which can be done by the asset index. The platform is available is 6 languages.

Assets and Expiry time 9/10

There are 125 assets available here. The expiry times are pretty wide, from 60 seconds to 6 months even, with offering stocks, forex pairs, commodities and such things.

Commissions, Support and Effective return 4/10

No commissions and fees are being paid here and the withdrawal is paid 30 dollars if done by wire transfer, where the first one in month is also free. The live chat is available and quick during most of the day.

Deposit, Payment and Bonus 6/10

The minimum deposit is 200 dollars, which is a normal thing with every other broker. It is available via credit cards wire transfer and MoneyBookers. Time for withdrawal to be done is two weeks.

Website Extra’s 3/10

Nothing special and new can be said for this broker. Everything you find here can be found anywhere else also.

Summary
Review Date
Reviewed Item
TradeRush
Author Rating
3