TradeRush Broker Review

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TradeRush Review

In the process of CySEC regulation

Minimum Deposit

Welcome Bonus

US Traders not Allowed

Regulated: In the process of CySEC regulation
Payout: 80%
Min Deposit: $200
Min Trade Amount: $10
US Clients:

–>

Max Trade Amount: $5000
Bonus: $5,000 Deposit Bonus
Number of Assets: 72
Free Demo Account:
Trading Platform: SpotOption
Types of assets: Stocks, Indices, Currencies, Commodities
Mobile Trading:
Web-Based Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
GTD Stop Loss:
Limit Orders:
Guarantee Execution:
OCO Orders:
Charting Package:
Trading Signals:
Market Analysis:
Option Types: High / Low, One Touch, Option Builder, Meta Charts
Payment METHOD NAME Charge Time

Screenshots

Full Review

The business is operated from the financial district of Limassol, Cyprus. A white-label partner of SpotOption Ltd, Edbruke Investments Ltd owns the TradeRush brand, even though the day-today operations is managed on their behalf by 247 Holdings Ltd.

The TradeRush brand was launched back in 2020 and they have an excellent reputation from their clients. They process withdrawals very quickly, offer excellent customer support and provide a good range of features and market review content. Although TradeRush isn’t yet regulated, they are in the process of gaining CySEC regulation so this shouldn’t stop you from signing up.

Payouts and Expiry Times

The payouts for the various trades used on this platform are as follows:

a) Up/Down trades: The payout for the Up/Down bet type is between 65% and 80%. This correlates with the settings for the loss return on each trade.

b) The One Touch bet has a weekly expiry and a payout of 500% if the bet is successful.

c) For the OptionBuilder and 60 seconds trade types, the returns on each trade is between 65% and 80%.

d) The OptionPro trade has a variable payout which is determined by if the Early Closure option is exercised and the time remaining to expiry when this function is used.

TradeRush Bonuses and Promotions

Here is what TradeRush offers in terms of bonuses.

a) Special Bonuses: For those who open trading accounts with using the affiliate link on the Intellitraders website, a no-deposit bonus worth $100 is now available.

b) Welcome bonuses are applied according to account type. Deposits of $200 to $1000 get 35% bonus on deposits while traders who deposit up to $5000 receive 50% bonus.

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Asset Index and Expiry Times

TradeRush offers more of its assets in the stocks category, and just a few in other categories. The tradable assets are:

Commodities: Sugar, coffee, cotton, wheat, corn, gold, Platinum, silver.

Currencies: AUDUSD, EURGBP, EURJPY, EURUSD, GBPUSD, USDBRL, USDCAD, USDCHF, USDJPY, USDRUB, USDSGD, USDTRY, USDZAR.

Indices: Straits Times (Singapore), IBEX (Spain), CAC (France), FTSE (UK), Dow, DAX, MSM30, Tadwul, DSM20, Hang Seng, S&P500, Nikkei255, ISE30, Dubai Financial Market Index, SSE180.

Stocks: Amazon, Apple, BAE systems, Barclays, BP (British Petroleum), Citi, Coca Cola, Gazprom, Google, HSBC Holdings, Lukoil, Microsoft, Nike, Reuters, Rolls Royce, Sberbank, TATA motors, Turkcell.

A mobile trading application for the iPhone exists to trade binary options on TradeRush. Some forex platforms are working on an advanced development to enable their traders trade TradeRush binary options from MT4.

There is a market sentiment button that aids traders gauge market bias for the assey they want to trade. TradeRush also offers line charts to monitor active trades and also acts as a rudimentary tool for technical analysis for experienced traders.

There is a news tab for fundamental traders to monitor market events with.

Deposits and Withdrawals

For deposits and withdrawals on TradeRush, the following payment methods exist:

1) Bank wires must deposit a minimum of $200. A $30 fee is charged for transfers that are lower than this amount. Withdrawals using wire transfers are charged $30.

3) These credit card brands are accepted: MasterCard, VISA, American Express, Maestro, and Diner’s Club.

The minimum deposit is $200 or 200 GBP/Euros irrespective of the payment channel used.

Maximum deposit limits on TradeRush are $10,000 for credit cards, $5000 for Moneybookers and unlimited amounts for wire transfers.

Credit card verification must be carried out before using the credit card option. Send a government issued photo ID and scanned copies of the front and back of the card with the last 4 digits blocked off.

The minimum withdrawal amount for bank wires is $100 but $30 for all other payment channels. Card withdrawals and wthdrawals using Moneybookers are free. Only one free withdrawal is permitted per month.

Customer support on TradeRush can be reached in the following ways:

UK Toll Free – 0-808-189-1458

Conclusion

Overall, TradeRush has become one of our favourite binary options brokers. Even though they stopped accepting US clients back in 2020 (as part of the process for becoming a regulated broker), they’ve offered an excellent service over the years with very little complaints. This is unlike other brands such as GTOptions, LBinary and Banc de Binary, which have all received several withdrawal complaints over the years.

The TradeRush platform is easy to use, customer support is available 24/7 and you shouldn’t have any issues withdrawing your profits. The payouts, range of assets and expiry times are also very good here.

TradeRush Broker Review

TradeRush have ceased all operations. Please visit our recommended trading brokers list.

TradeRush.com’s claim to fame is there 60 second binary options. They were the pioneers in this type of trading. They did this in 2020, just at the beginning of the ‘binary options rush’ that is currently underway. We have worked closely with TradeRush since 2020 and they have been consistent in offering traders a fair playing field, generous bonuses and timely cash outs. Thousands of traders trade there every day and we trust that they are an honest and legitimate binary options broker. They no longer accept US binary traders and are a major player in the binary option industry.

TradeRush – Quick Details About Trade Rush

Last edited June 01, 2020Avoid TradeRush they are a scam.
[scg_html_rbox_marketsworld]

Let’s start out by showing you the Trade Rush home page.

Trade Rush Home Page

TradeRush Website Home Page

As you can see, the home page is clean looking and well organized. It is designed for new traders to quickly be able to create their account and start trading. Let’s take a look at the account creation process.

Create Your Trading Account
During your account creation you will only need to enter the basic information to initially get set up. They ask for your first and last name, the country of your residence, email and phone number. Use your real information to create your account. We do recommend creating a new email account that you use only for your binary trading accounts. You will want to keep the account handy so you can keep up to date with any specific information about your account(s). Enter name, country (USA Traders Accepted) and a valid email and phone number. Once you have your account set up, you are ready to make your first trade.

After you create your account you will be promoted to a screen where you can make your first deposit. The minimum is $200. This is one of the lower initial deposit amounts offered by any of the brokers we list. Low investments both in initial deposit and in individual trade amounts.

Trading Binary Options – Platform and Trade Interface

TradeRush uses the SpotOption trading platform. This is the same platform used by Banc De Binary and many other brokers. The platform is extremely mobile friendly and you can easily trade from your smart phone from where ever you have access to the net.

You can easily choose up or down and see trader sentiment.

Types of Binary Options available at TradeRush.com

  • Up / Down
  • One Touch (although not often are these available)
  • 60 Second Options
  • Option Pro (a more chart centric interface where you can quickly choose between multiple assets and make the trade
  • Option Builder – create your own binary options, tailored to your risk and return levels

Expiry times as early as 60 seconds and then 30 minutes.

Trade Rush Option Pro Interface
The new trading interface is extremely user friendly. You can easily select between different assets and expiry times.

Easily select assets and available expiration times. See traders current choice & a whole lot more.

Assets / Underlying Instruments To Trade
They offer a wide selection of stocks, commodities, currency pairs and indices. They use SpotOption which is one of the, if not the leading, trading platform on the market. This gives them access to a wide range of option choices.

Here is an example of the commodities available to trade right now:

Trade Commodities Like Oil, Gold and Silver

How Does TradeRush’s Returns Compare?
They are competitive. Even though in the screen shot above you see “only” a 70% return, what you do not see, until you select a direction and enter an amount, is a ‘protected amount’. This protected amount is how much you are going to get if you lose. In these examples, the protected amount is 10% of your trade.

Notice the $10 Rebate For Losses – This Offsets the “Low” 70% Return If You Win

Using the 10% return if you lose and 70% return if you win is a great way to spread your risk out over. Just because a different broker may offer a higher winning return, they may offer no return for losses.

TradeRush Investing Information – Minimums & Maximums
TradeRush is made friendly for new traders but also caters to the larger experienced binary option traders who want to maximize their return on larger investments.

  • Minimum Deposit: $200 USD (or 200 of your own currency, USD is certainly the minimum valued currency)
  • Maximum Deposit: $10k via Credit Card, $5k via MoneyBookers. Unlimited via Wire
  • Bonuses: Personalized bonuses of up to 100% Deposit Match. Ask customer support for best bonus amount
  • Minimum Trade: $5 on 60 second options. $10 on everything else
  • Minimum Withdrawal: $200 USD. 1 free withdrawal per month. $30 charge for additional withdrawals in the same calendar month

Reputation – Is TradeRush.com Legit

Yes, we are comfortable saying that they are a legit binary broker. We are comfortable trading there. The one major traderush complaint we hear is when someone accepts a deposit bonus without really reading the fine print on the terms and conditions. That is where the cries of ‘TradeRush scam’ come about.
Free Guide To Trading at TradeRush

Final Thoughts About TradeRush
If you are new to binary trading then TradeRush is where you should open your 1st account. The software is smooth and easy to use. The investment amounts are smaller here than any of the other legit brokers. You can trade for as little as $5 per trade. No commission charges. Straight up five bucks. The gambler in me likes this option. The regular binary trades have a minimum of $10 per trade which is still lower than sites like 24option which have a minimum investment of $24 per trade. Yes, that’s cute isn’t it, 24options smallest trade is $24 dollars. You can learn all about what we think about 24, in our 24option review and trading walk through.

We like trading at TradeRush.com.

If you are ready to trade binaries for the first time then get out your credit card and make a deposit at TradeRush. You can start trading within minutes and with a little luck, that $200 will become $400 before you know it.

24TradeRush Review – 5 things you should know about 24traderush.com

Beware! 24TradeRush is an offshore broker! Your investment may be at risk.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

24TradeRush is a binary options brokerage with a registered address in Cyprus. The brokerage doesn’t provide much information about its trading conditions and is not regulated. There is web-based platform available for clients and a maximum payout of 83% which is a bit below the industry average and what we would usually consider favorable for traders.

24TradeRush regulation & safety of funds

24TradeRush is owned and operated by the company bearing the name – B.O. TradeFinancials. From the website of the brokerage we gather that the registered address of the company is at 6 Ioanni Stylianou, 2nd Floor, Office 202, 2003, Nicosia, Cyprus, with a registration number HE295102. Furthermore, the company claims to be licensed by Cyprus financial watchdog Cysec, however, after doing a quick research – we can confirm this to be false. This should immediately raise red flags both in seasoned traders, as well as newbie. Presenting misleading information is among the favourite tropes of scammers and shady brokerages. Furthermore, the company is known to operate another binary options brokerage – Acetradeoptions.com – which is a known scam and has been blacklisted by Cysec.

We have to stress the fact that companies that have been blacklisted by top European financial watchdogs should be considered by traders as “no-go zones”. Furthermore, binary options trading has been prohibited in the EU and the brokerage is providing such services illegally. Through a demo account, we could give the web-based platform of the brokerage a test-drive. We saw a maximum payout of 83 percent which is certainly low and not at all worth it. All in all, traders are warned no to risk it with 24TradeRush. We urge traders to avoid risk by trading only with brokerages that have been licensed by a top-notch regulatory body.

Prestigious regulatory bodies, such as the UK’s FCA and CySec, require compliance with a number of strict rules that give significant assurance for the safety of the clients funds.

The segregation of accounts is among the rules which are especially important in the trading world, because it drastically lowers the risk of possible commingling.

Another is the participation in a compensatory scheme by which the client’s losses will be covered in the unlikely case the broker goes bankrupt or attempts to scam traders.

24TradeRush deposit/withdrawal methods and fees

As a matter of fact – 24TradeRush and Ace Trade Options appear to be clone, identical websites. From the website we learn that potential clients of the brokerage have a wide array of payment methods available for them, including a number of popular e-wallets such as MoneyGram, Western Union, Skrill and Neteller. Here is a screenshot:

No legitimate brokerage should have such a withdrawal provision and this only further speaks about the brokerage’s ill-minded intentions towards potential clients. There is no other mention of withdrawal fees on the website, nor in the terms and conditions of the brokerage either, but that is still no guarantee, because unregulated brokerages – especially those who present misleading information – often charge unexpected fees once the client has already invested funds. Precisely due to such instances we remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Unfortunately, much of the forex trading world is overshadowed by the huge numbers of scammers. All a trader may do is be well-informed and, in case he is the subject of a fraud – stay calm and not panic! The chance for panic is greatly reduced if such a situation does not take you by surprise. Here are the available options for scammed traders:

In most cases through clicking a tempting ad with promises for fast money, you will be redirected to a website such as The News Spy or Bitcoin Evolution where registration will require you to give your address, email and phone number. Your personal information will be immediately shared with brokers in call centers who are just waiting for juicy leads. After a few minutes hearing how the millions are sure to flow your way, you decide to deposit some $200-250. And just like that – the scammers take a 25 per cent commission from this initial deposit.

After leading you by the nose for a few hundred bucks, senior scammers will take you up and begin pushing you to further invest. You may even be swayed and further give it a shot. At this point, regardless whether you are in the red or not, you probably begin to consider closing the account and getting back your money.

However, now comes the “recovery” part of the scam. After stating that you wish to withdraw your money, they will know its time to redirect you to the “recovery people” who will further stall you in any way possible. The angle here is simple – remove the last guard you may have – filing a chargeback with your bank. You may do that only during a limited time-window, once it passes – your money is gone for good.

What to do when scammed?

Unfortunately, much of the forex trading world is overshadowed by the huge numbers of scammers. All a trader may do is be well-informed and, in case he is the subject of a fraud – stay calm and not panic! The chance for panic is greatly reduced if such a situation does not take you by surprise. Here are the available options for scammed traders:

You may contact your bank or credit card provider and file a chargeback, , as was noted above. The high instances of fraud have provoked both Visa and MasterCard to take effective measures against scammers in the business. Keeping true to their intentions, MasterCard has already increased the previous time period of six months for filing a chargeback to a year and a half and Visa is expected to follow suit in December.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate and ready at anything to somehow retrieve their funds. They will say that in exchange for an up-front payment, you will get your money back, but no such thing will occur!

GlobaTradeRush Review – is globatraderush.com scam or good binary options broker?

Trading Accounts and Conditions

Account type Min. deposit Min. bet size Payout
Standard $300 $10 up to 95%

GlobaTradeRush is a binary options broker, which basically acts as a portal website for Pocket Option. Although the trading conditions of this provider might seem attractive, we actually spotted a lot of worrisome signs regarding GlobaTradeRush. You may find them in our detailed review below, along with some possible benefits of this broker (in case it is not a fraudster).

GlobaTradeRush Advantages

As advertised on their website, the maximum payout with GlobaTradeRush is as high as 95%, which is pretty generous. Most binary options brokers offer payout of about 85% for the benchmark EURUSD pair.

Note that betting on binary options involves a lot of chance, so if you prefer to have more control over your trades, you may check our list of recommended forex brokers offering low and attractive spreads:

A lot of financial instruments and payment methods available

According to the information on its website, GlobaTradeRush offers trading in more than 100 assets, including currencies, stocks, indices, commodities, and cryptocurrencies.

Besides, apart from standard payment methods such as credit / debit cards and bank wire, GlobaTradeRush supports wide range of e-payment systems. These include Skrill, OK Pay, QIWI, Perfect Money, Payeer, Payza, Alipay, Neteller, GiroPay, AdvCash, CashU, Sofort, FasaPay, WebMoney, ePay, and UnionPay/ On top of that clients can even use digital assets such as Bitcoin, Ethereum, Litecoin, Monero, Zcash, Ripple, Dash and Bitcoin Cash to make deposits to and withdrawals from their trading accounts.

GlobaTradeRush Disadvantages

Not licensed, despite the claims

GlobaTradeRush is a trading name of Gembell Limited, Mrshall Islands-registered company. They claim to hold a license by the International Financial Market Relations Regulation Center (IFMRRC), which, however, is not an official financial regulator. What is worse, the IFMRRC’s website does not even feature a company name, so we can safely conclude that it is just an anonymous website issuing dubious certificates to offshore brokers.

We would also like to remind you that binary options trading is banned in many jurisdictions for investor protection concerns. More recently it was prohibited across the EU by the pan-European regulator, ESMA.

Possibly part of a serial scam

As we said in the beginning, GlobaTradeRush actually acts as a white label of Pocket Optiion, and the company behind them, Gembell Limited., operates DigitalTradeFX, BinomoFX, and TradeHash. When you look at the websites of those brokers, it becomes clear not only that their trading conditions are identical, but they also have one and the same lay-outs.

Considering that these all operate illegally, we can safely conclude that GlobaTradeRush is a part of a serial scam operated by the offshore company Gembell Limited.

Strange web platform, MT4 not supported

The web trading interface GlobaTradeRush uses is actually quite disappointing. In fact, id does not feel like a trading platform at all, but more like a cardboard cut-out with charting powered by TradingView. Here is a screenshot:

GlobaTradeRush’s web trading platform. Click to view larger.

This web trading interface cannot be compared to the classical trading solutions like the MetaTrader4. The MT4 is highly praised by the trading community for its ease of use, reliability and useful functionalities.

Relatively high initial deposit

To start trading with GlobaTradeRush, you need to invest at least $300, while most brokers require something in the range of $100 – $250.

Conclusion

GlobaTradeRush is a shady binary options broker that seems a part of a serial scam operated by offshore company Gembell Limited.

As always in such cases we will advise you to avoid GlobaTradeRush, as well as any other unregulated broker, and trade only with brokers, authorized by reputable financial regulators, such as the FCA in the UK, ASIC in Australia or CySEC in Cyprus.

Let’s sum up the positive and negative sides of GlobaTradeRush in a few words:

Pros Cons
Attractive payouts (allegedly) Not regulated, despite the claims
Many tradeable assets & payment methods Possibly part of a serial scam
MT4 not available
Relatively high initial deposit
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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