According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $250
- Own platform
- Four live account types and a demo account
- Only binary options and CFDs
- Proprietary trading platform available in the user account
- 24/7 trading without restrictions
- Many deposit/withdrawal options without fees
- Integrated copy trading service
Our Evaluation of Tradonex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Tradonex is a broker with higher-than-average risk and the TU Overall Score of 3.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Tradonex clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Tradonex specializes in binary options and CFDs. It offers top trading conditions in its segment, such as loyal initial deposit, minimum restrictions, many assets and withdrawal options, and low transparent fees. Separate advantages are a simple and intuitive proprietary copy trading service, and the opportunity to participate in workshops and to trade under the supervision of an experienced mentor. However, the broker is not available in all regions and it does not have instruments other than options and CFDs. Moreover, to get the full package of benefits, you need a Silver or Gold account.
Brief Look at Tradonex
This platform offers binary options and CFDs, a minimum deposit of $250, and a minimum bet of 1 cent. Trading is carried out in the browser through the user account. There are four account types, Bronze, Silver, Gold, and VIP, which differ in the bonus size and the availability/absence of additional benefits, such as risk-free trades and a personal manager. Trading and multilingual technical support are available 24/7. The broker does not set trading restrictions, regularly offers profitable bonuses, and holds contests with real cash prizes. The minimum withdrawal amount is $20, which is not subject to fees and takes no more than 6 hours. Also available are withdrawals to bank cards, crypto wallets, and online transfer systems. Plus there is a referral program with 10% payouts and a proprietary copy trading service.
- Low entry threshold due to a welcome bonus, transparent work of the platform, and no additional fees;
- Demo accounts and four live accounts;
- Absence of trading restrictions, 24/7 trading options, and CFDs;
- Convenient user account with access to international markets and many tools necessary for analyzing quotes;
- The broker has its own copy trading service with an intuitive interface and transparent work conditions;
- Availability of SSL (Secure Sockets Layer) certificate and 3D Secure system;
- Traders' funds are segregated from the company's funds to ensure security.
- The platform offers quite a lot of options and CFDs, but there are no other financial instruments;
- The company provides services in almost all countries, except for the U.S.;
- Workshops, risk-free trades, and other useful features are not available on the Bronze account.
TU Expert Advice
Author, Financial Expert at Traders Union
Tradonex offers trading binary options and CFDs, providing users access to its proprietary web platform. The broker supports various account types with a demo option available. With a low initial deposit, Tradonex facilitates access to international markets and allows 24/7 trading. Notably, it offers an integrated copy trading service and multiple deposit or withdrawal options with no attached fees, enhancing user convenience. Secure transactions are ensured with segregated funds and advanced security systems, and client support operates around the clock in multiple languages.
Drawbacks include the limited availability to options and CFDs, and its services are not accessible in some regions, including the U.S. Some account features, like risk-free trades and workshops, are unavailable on basic account types. Additionally, the company is registered in the Marshall Islands without top-tier oversight. While these factors may not suit traders seeking diverse instruments and robust regulatory backing, Tradonex’s offerings can be appealing to those focusing on binary options and CFD trading in a flexible trading environment.
Tradonex Summary
Your capital is at risk.
| 💻 Trading platform: | The broker’s own web platform |
|---|---|
| 📊 Account types: | Demo, Bronze, Silver, Gold, and VIP |
| 💰 Account currency: | USD, EUR, GBP, and RUB |
| 💵 Deposit / Withdrawal: | Bank cards, crypto wallets for Bitcoin, Ethereum, and other cryptocurrencies, along with Neteller and Skrill online transfer systems |
| 🚀 Minimum deposit: | 1 cent |
| 📈️ Min Order: | 1 cent |
| 🔧 Instruments: | Binary options and CFDs |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: |
Four live account types and a demo account; Only binary options and CFDs; Proprietary trading platform available in the user account; 24/7 trading without restrictions; Many deposit/withdrawal options without fees; Integrated copy trading service |
| 🎁 Contests and bonuses: | Welcome bonus |
If a broker offers multiple live accounts, the minimum deposit almost always depends on the type of account chosen. To open a Bronze account with Tradonex, you need to deposit at least $250; for Silver, a deposit of $1,000 is required; the minimum deposit for Gold is $5,000; and for VIP, it is $50,000. Leverage is not provided for binary options. For CFDs, the leverage is set individually. The broker's technical support works 24/7. You can ask a question by creating tickets, and there is also a live video chat in your user account.
Tradonex Key Parameters Evaluation
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Trading Account Opening
To start working with the broker, register on its official website, verify (confirm) your personal information, select the account type, and make a deposit. Below is a detailed procedure to register with the broker.
Go to the Tradonex official website and click the "Sign Up" button in the upper right corner. You can also click the "Start Trading", "Trade Now", or any similar button. There are quite a lot of them on the main page, they are distributed in different blocks.
Provide your current email and a phone number, as this information will be used by the broker to contact you and send different notifications, including verification and withdrawal of funds. Also state your first and last names. Read the Terms and Risk statement at the link below, tick the appropriate box to confirm that you have read the documents, and click the “Next” button.
You have gained access to your user account, but you cannot open a trading account yet, because your personal data have not been verified. Before you start verification, go to your email and read the letter from the broker. The first and last names of your user account manager will be indicated there. Also, the letter may contain an explosive offer with personal bonuses.
In the user account on the broker's website there is an integrated trading platform. Its main functions are located on the left. But now you need to adjust the profile settings, so click on the icon with a little man in the upper right corner. A pop-up menu will appear with your name and status in it. Click the "Settings" button.
In the Settings menu, select the "Account verification" tab. Indicate the type of the document verifying your personal details (for example, a passport or driving license). Upload a scan/photo of the document, taking into account the specified requirements. Wait until the manager checks the data, after that you will receive a notification, and the verification status will change in the Settings.
Once the verification is completed, you will be able to open a live account. Click the plus button, which is to the right of the account settings button in the upper right corner. Choose one of the four account types having studied their basic parameters. Click the “Next Step” button.
Follow the instructions on the screen to fund your account. You can use a bank card, a crypto wallet, or an online transfer system from the provided list.
After the broker has processed the funds, your balance will change and you will get all the features of the selected account type. Trading is carried out in the user account.
Other services of Tradonex’s user account:
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Trading. This is the main section with charts, indicators, and other data on financial instruments available for work;
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My trades. This section of the menu contains a list of all trades that a trader has already completed or is currently conducting;
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Copy trading. This function opens access to the integrated copy trading service;
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Live trades. This section displays the current state of open trades with the possibility of detailing;
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Trading contest. This section contains a leaderboard for the current trading period, indicating the trader's position in the general list;
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Market analysis. This block contains an economic calendar and a news feed for the selected asset;
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Knowledge base. It duplicates the FAQs on the website, where you can find basic information on working with the platform;
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Trading stats. This is a new service that offers statistical information on a trader's activity;
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Marketplace. It is a special section that displays current bonuses and completed promotions;
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Invite a friend. Here you can find a trader's personal link and information on invited referrals;
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Live chat. Here traders can choose a manager, the dialogue language, and the communication channel type, which can be public or private. Also, there is the built-in “tip” function.
Regulation and safety
Registration and regulation distinguish a broker from an imposter. Registration is a package of documents that allows a company to carry out financial activities subject to the laws of the state where it is headquartered. Regulation implies the voluntary acquisition of a license from an authorized organization checking the company's reporting and monitoring its transparency.
Tradonex is registered in the Marshall Islands and is regulated there. The availability of a verified license means that the company fulfills its obligations to clients and complies with the legality of its activities.
Advantages
- The broker's clients can contact its technical support or legal department
- Possibility to address the regulator if the broker fails to fulfill its obligations
Disadvantages
- It is not possible to consult with the regional financial authorities
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Bronze | $1 | No |
| Silver | $1 | No |
| Gold | $1 | No |
| VIP | $1 | No |
When requesting the withdrawal of funds, traders will receive exactly the amount they expected, as there are no hidden fees. Below is the comparative table for fees of Tradonex and its closest competitors.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$2.5 | |
|
$7 |
Account types
There are brokers that offer one account type. This has its advantages, but if there are several accounts, they are usually aimed at traders with different trading styles. With Tradonex, you can open four live account types in addition to a demo account. The peculiarity is that the trading conditions do not change. Accounts are distinguished by minimum deposit, welcome bonus, and availability/absence of access to workshops and risk-free trades. Also, on the Gold account, traders get a personal manager. The copy trading service is available for all accounts. There is no difference between the account types in terms of the number of assets, speed of transaction processing, and fees. Thus, a trader needs to be guided by personal preferences and an understanding that overpaying for additional options is not always beneficial.
Account types:
Switching between a demo and a live account is carried out in the user account and takes a few seconds. Traders can work on the demo for as long as necessary, without restrictions.
Tradonex live accounts are designed for traders of all skill levels. The experience, skills, and ambitions of clients do not determine the need to open a particular account type. Professionals often choose Bronze, if they do not need workshops and personal support. At the same time, a novice trader may well open a Silver account in order to immediately get advanced opportunities for self-learning.
Deposit and withdrawal
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Withdrawals are available at any time in the user account. The minimum withdrawal amount is $20;
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Funds are withdrawn in the account currency, that is in USD, EUR, GBP, and RUB;
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Current withdrawal methods include Visa and MasterCard bank cards, crypto wallets, as well as Neteller and Skrill online transfer systems;
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The number of withdrawals per month is not limited, a trader can withdraw money every day;
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The withdrawal speed depends on the selected channel. The maximum period for bank cards and crypto wallets is 6 hours;
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The fastest withdrawal is through Neteller and Skrill, which takes up to 1 hour;
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There are no additional withdrawal fees, excluding a 5% fee for withdrawal to bank cards.
Investment Options
Many brokers offer their clients extra functions for additional income. Most often, this is investing aimed at long-term passive income. Tradonex does not provide the opportunity to buy dividend stocks or invest in cryptocurrency staking. But the company has its own copy trading service, which allows you to duplicate the decisions of successful traders, making a profit with reduced risk while gaining unique practical experience. In addition, the platform has a standard referral program, but it can hardly be called a passive income option, because in order to receive significant referral payments, you need to be active on the internet, communicate a lot with your colleagues, or have your own blog.
Copy trading is an option for passive income and accumulation of experience
Users of the copy trading service are divided into two groups, which are signal providers and investors. Providers trade in the standard mode for themselves, but their trades are open and can be copied by other users to their own accounts. Through the service's functionality, investors duplicate the providers' actions, but not always at 100%. For example, if providers bet $1,000, investors can bet $100. If trades are successful, investors receive a profit based on their bets, and signal providers charge them a small fee for their services. If a trade loses, everyone loses their bets.
To get started follow these simple steps:
Register on the Tradonex website and create a user account;
In the user account, there is a separate “Copy trading” block;
In this block, a trader who plans to become an investor can find a list of top providers;
Comprehensive information on providers, such as the number of trades, win rate, average bet, etc., is available there;
Having chosen a provider or providers, investors simply subscribe to them and set a bet limit;
Further, trading is carried out automatically until investors unsubscribe from providers.
The Tradonex copy trading service is often used by novice traders. When trades are made by a more experienced colleague, the risk of losing a bet is lower. In addition, novice traders see all the actions of signal providers and thus gain experience without trading in person. Some professional traders also become investors if they get tired of active trading and want to earn passively.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
The Tradonex partnership program presents an opportunity for additional income
It works like this:
Traders post their partner links on the internet;
They receive a part of the first deposit of each referral;
Withdrawal of profit is available at any time.
All partnership programs offered by brokers are built on a similar principle. In the user account, traders receive a unique partner link and place it on the internet. The link can be posted on forums, in comments to posts, sent via instant messengers or by email, and published in traders’ blogs. Users who follow this link become referees of its owner. Every referee needs to register with the broker, verify their personal information, and make a deposit. The link’s owner receives 10% of the referee’s deposit. For example, if a new trader (referee) deposits $1,000, the broker pays $100 to the link’s owner. The number of referrals is not limited, but the link’s owner receives a bonus only from the first deposit of each referral. For a socially active trader, the Tradonex partnership (referral) program can become an easy source of additional income.
Customer support
Technical support is needed when traders cannot find answers to their questions. This happens regardless of the client’s experience and knowledge of the platform. It is very important that technical support is competent and able to help promptly. Otherwise, the broker's client will be disappointed and leave for a competitor. Tradonex understands this very well, so the company's client support works 24/7, that is, specialists can be contacted even at night and during the weekends. There are two communication channels, such as tickets on the website (the answer will be sent by email) and a live video chat in the user account. There are no complaints about the competence of support specialists.
Advantages
- Unregistered users can contact technical support via tickets on the website
- Technical support is available 24/7
- Support is multilingual
Disadvantages
- There is no call center and some other popular methods of communication
Thus, whether you are the broker’s client or intend to work with it, you can clarify any question by:
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creating a ticket in the feedback form;
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contacting a specialist in a live video chat in the user account.
Note that the broker has its official profiles on Instagram and Twitter. Subscribe to them to keep current with the news and key events in the company’s life.
Contacts
| Foundation date | 2020 |
|---|---|
| Registration address | Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |
| Official site | https://tradonex.com/ |
Education
Traders are only successful when they constantly develop and learn something new. This can be achieved by expert-led webinars, books on trading, or workshops. After all, even copying trades from a signal provider can give you a lot of useful knowledge! Brokers understand this, and that is why they often provide their clients with training programs, ranging from basic FAQs to full-fledged academic courses. Tradonex also gives its traders the opportunity to improve theory and practice.
This broker does not offer many educational materials, however, they will be useful to clients with different experiences in working with binary options and CFDs.
Comparison of Tradonex with other Brokers
| Tradonex | Pocket Option | Binarium | Binary.com | Intrade Bar | Binomo | |
| Trading platform |
Own platform | MT5, Web, Mobile | Binarium | Deriv Trader, MT5 | Mobile MT4, WebTrader | Browser platform |
| Min deposit | $250 | $5 | $5 | $5 | $10 | $10 |
| Trading instruments |
Binary options | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | Currency pairs | indexes, stock, currency pairs / CFD, goods |
| Signals | No | No | No | No | Yes | Yes |
| Analytical support |
No | No | No | Yes | Yes | Yes |
| Training | No | No | No | Yes | Yes | Yes |
| Additional tools |
No | Copy Trading tool | No | premature closing | No | No |
Detailed review of Tradonex
Few brokers specialize in binary options. Even fewer companies offer trading options at low costs and with no withdrawal fees. By this indicator alone, Tradonex outperforms most of its competitors. However, the technical side of the issue is also important, although it is missed by many traders. Tradonex processes more than 10,000 transactions per day, including about 1,000 transfers to external wallets and cards. All requests are processed in the minimum time, and for online transfers, the withdrawal takes no more than 60 minutes. This is one of the highest indicators, which is ensured through the use of advanced technological solutions by the broker, including high-performance cloud servers and software for automating in-house development. According to these parameters, Tradonex has few competitors, which allows the company to successfully attract new traders and offer them comfortable working conditions.
Tradonex by the numbers:
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The minimum deposit is $250;
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A 20%-100% welcome bonus;
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3 risk-free trades (not available with the Bronze account);
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Withdrawal of profits takes 1-6 hours;
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Withdrawal fee is $0.
Tradonex is a broker for comfortably trading binary options and CFDs
Often brokers focus on a specific group of assets, such as currency pairs. However, there are platforms where you can trade various financial instruments, including stocks, indices, cryptocurrencies, etc. Specialization is not an advantage or disadvantage of a broker; it is often defined as its distinguishing feature. Tradonex offers binary options and many CFDs. Given the large number and variety of options, absence of trading restrictions, high speed of transaction processing, and zero-fee withdrawals, it is fair to call this broker one of the best in its field. A separate advantage is its proprietary copy trading service, where signal providers and investors also work with options and CFDs.
Another feature of Tradonex is its own trading platform. Traders cannot work via MetaTrader 4, MetaTrader 5, or any other traditional solution. The broker has its own trading platform integrated into the user account on its website. It features extensive functionality, an intuitive interface, and high-speed transactions. Comprehensive expert analysis revealed no weaknesses in Tradonex's solutions.
Additional services offered by Tradonex:
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Copy trading. This is a service for copying reference trades. There are signal providers and investors. Trades are copied but with individual settings (for example, you can choose the amount of the bet). The service operation is 100% transparent, investors know everything about providers;
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Partnership program. Conceptually, it does not differ from referral programs offered by other brokers. A trader can bring other users to the broker using a personal link and receive a bonus of 10% of the first deposit of each referral;
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Trading contest. It is a regular competition that starts together with the trading cycle, which takes one week, excluding weekends. The trader with the largest number of trades wins. The prize fund is $20,000;
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Workshops. These are available to owners of Silver and Gold accounts. Each workshop is a web session during which a binary options market professional makes trades with comments and explanations of the trading features;
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Welcome bonus. Each new trader, regardless of the account type, receives additional funds on the balance. For the Bronze account, the bonus is 20%; for Silver, it is 50%; for Gold, it is 100%; and for VIP, the bonus is 200% of the original deposited amount. Subject to certain conditions, bonus funds can be withdrawn.
Advantages:
Fast withdrawal speed. It only takes about 1 hour to withdraw funds via Neteller and Skrill;
Continuous trading. Traders can work at night and on weekends;
Several major methods for depositing and withdrawing funds are presented;
Users’ funds and information are securely protected;
Novice traders can work under the guidance of experts;
Non-stop multilingual client support;
The platform has a high transaction processing speed.
Traders who choose to work with Tradonex get access to binary options with various expiration dates and to the most popular CFDs. The account type does not affect the list of tradable assets, all of which are instantly open to traders who have registered, opened an account, and made a deposit.
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