Tradeplus is a new software offering innovative ways of controlling your binary options investments. But does Tradeplus really give you the best trading possibilities or it is just another binary scam?
There was not enough information to make an informed decision about this system in order to rate them as a scam or a legit one.
We recommend you to Proceed to an Approved Broker with Demo Account OR find a Reliable Robot to trade with form the table below:
Top Brokers with Demo Account:
The binary options trading industry has opened up new opportunities for brokers. There are also many different software developers that provide a range of trading platforms for online investors. It is crucial that investors get access to a trading partner and platform that is reliable and legit. To give traders an idea of which binary options brokers are safe for them and which may not be, we assess every new broker on the market and compile a review.
Today, we are going to provide a comprehensive analysis of Trade Plus. This is a new broker on the market that has managed to attract the attention of online traders from across the globe. But, is TradePlus a legit option?
Our investigation reveals that TradePlus may not be a suitable option for traders who are looking to earn passive income from investing in binary options. this review highlights the reasons why we think they may not be a legit broker.
Trade Plus operates on a proprietary trading platform that has been designed in-house by their team. Although this is not a bad thing and traders don’t usually hesitate when it comes to giving a new platform a try, TradePlus’s platform doesn’t have any special features that make it worthy.
The features are quite ordinary which make them useless for traders who are looking to earn substantial profits. The choice of assets is limited and so are the option choices. Basically, there isn’t anything impressive about their trading platform. As a broker which operates on a self-designed platform, we expected more advanced features and tools from them.
How to Sign Up With Trade Plus?
We don’t recommend users to sign up for this broker because we still doubt their legitimacy. However, just for the purpose of keeping this review objective, we have outlined the steps for getting started with Trade Plus.
Free Sign Up – this requires completion of the registration form available on their official website.
Add a Deposit – the minimum deposit amount required by the broker is $250. But the actual amount you deposit depends on the type of account you choose to open.
Trade – traders can choose the assets they want to invest on and place trades accordingly. However, the main issue that many traders are facing is related to processing of withdrawals.
Is Trade Plus a Scam?
The first thing that we noticed about Trade Plus is that the broker is not regulated or licensed. The information that we found on their website is vague. We even failed to find information about the company that owns the brokerage. A trustworthy broker will provide accurate details on their website. But Trade Plus seems to be hiding a lot of details from its users and we wonder why.
Usually, brokers that play hide and seek with their customers fall in the scam category. We also found out that Trade Plus offers demo trading features. But when we performed an investigation, we saw that the results of demo trading and the results of live trading were very inconsistent.
The broker tricks traders into believing that it offers high payouts. When the demo trading feature is activated, the majority of the trades result in wins. Traders assume that live trading will also yield similar results and they end up putting money in their accounts. But when the account is funded, traders lose their money really fast. Our assumption about Trade Plus therefore is that they are a scam.
On their website, Trade Plus has provided an email address, a phone number and live chat facilities which traders can use to get into contact with one of their customer support representatives. But, traders often have to wait long hours before getting a reply from them. Email is the most inefficient communication medium offered by Trade Plus. Traders are put on hold when they are contacted via phone and since it costs international traders money to call on the number provided by the broker, they have no choice but to hang up due to delays in getting in touch with a representative.
The conclusion that can be made about Trade Plus is that they are not an ideal broker. Their platform lacks special features and there are also several complaints under their name. We don’t recommend our readers to sign up with Trade Plus.
There are safer and more reliable choices available. Therefore, we advise traders to choose from our approved list of brokers.
After our research we concluded that TradePlus does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.