TradeThunder binary options is a new broker powering onto the trading scene. It is powered by Leverate’s innovative BX8 platform and provides the fasted action for day traders. It is a no frills broker, uncluttered by touch, range, boundary and other types of exotic binary options in favor of focusing on lightening fast executions. The platform is super easy for social traders to use and allows trades with just one click which you can test on their free demo platform. This platform is US friendly, read on for more information and the Geek’s social trading review.
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The Geek’s Review Of TradeThunder Binary Options Broker
TradeThunder is a new binary options broker operated by LGK Industries Ltd through Thunderstruck Investments. LGK is located 20-22 Wenlock Road, London, England. Thunderstruck Investments is registered in the British West Indies, Anguilla. The company has only been around for a short while but is already making a name for itself as a legitimate broker. Not only that they have some unique features that make it a great broker for social trading and they are allowing US traders.
As I mentioned before, the platform is no frills but in my opinion that is fine. Serious speculators using binary options tend to shy away from the range, one touch, boundary and other exotics in favor of plain call/put trading anyway. So, all you get here is high/low binary options with what for some may be a limited number of expiry. I also say this is fine too. Available expiry is 5 minutes, 15 minutes, 30 minutes, 60 minutes and 60 seconds which are the most sought after expiry from my experience. I have trader after trader asking me where to get 15 minute expiry or 30 minute expiry instead of having to use whatever random expiry their broker offers, well, this is it. Short term traders will love this, long term traders will just have to go use a different broker.
The asset list is pretty good too. They have 20 stocks, 30 forex pairs, 5 commodities and at least 10 indices. This is more than enough for any newbie and sure to have whatever a more experience trader could be looking for. After that there really isn’t much to tell. Executions are super fast, and they also have a one click feature to help ensure speedy executions of trades. When turned on you can set a trade size which allows a single click of the high or low buttons to result in a trade, whereas other brokers would require you to enter trade size and confirm the trade slowing down executions.
Banking With TradeThunder Binary Options
TradeThunder is not yet regulated but so far has proven themselves to be an honest and fair broker. Deposits can be as low as $20 but $200 is the minimum to begin receiving benefits such as bonuses. Minimum trade size is only $1 so it is a viable choice for low deposit traders. Deposits can be made with credit cards and wire transfers only which is a bummer but not the end of the world. Withdrawal requests are processed within 3 days with 3-5 days until money shows back into your account, including weekends this could be up to two full weeks. Of course, KYC and AML procedures are in place so you will need to have proof of ID, residence and cc/bank account when you fund the account.
Bonuses are available, up to 100%, depending on trade size. The minimum turnover is 30X bonus but other terms are a little different than the average broker. While you must keep your deposit in your account in order to meet the bonus terms you don’t the bonus until you meet the bonus terms.
This means two things important to traders. The first is that your deposit is kept clear of the bonus and easily withdrawable if need be. The second is that any profits you amass while working toward the bonus are not tied up in the bonus and could be withdrawn as well. The best part is that terms are on a gradient, that is, as you meet the terms small portions of the bonus are released to you. Basically, every 10% of trade volume you meet equals a 10% payment from your bonus. Once delivered it’s your with no additional terms to meet.
The Geek’s Social Trading Review
I think this is good platform for social traders. There are no copy trading or signal features but that is not what I mean. Social traders working from a group, a forum, a signal service, Investoo indicators, EA’s or other form of trading support will find the expiry perfect. Because they are based on set time limits AFTER purchase they can be chosen to tailor fit any kind of trading signals. On top of that the low minimum deposit and low trade size make it a perfect platform for new traders, and for any trader to exercise appropriate risk/reward trade management.