Overview

TradEqual is a New & Innovative Binary Broker
Is TradEqual a Scam or a Trusted Trading Platform?
Read 100% Full & Detailed TradEqual Review
Find Out How to Sell & Write Options – See Below!

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Details

BrokerTradEqual
Official Website URLwww.tradequal.com
Headquarters37 Ludgate Hill EC4M 7JN London United Kingdom
Support Number+44 20 3769 3582
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$250
Minimum Trade Amount$30
Payout85%
Free Demo Account Open FREE Demo NOW
Deposit & Withdrawal MethodsVISA, Master Card, American Express, Discover
Overall Score7.2/10

Full Review

TradEqual is the very first broker that allows its traders to buy and sell binary options on their one of its kind peer to peer trading platform. What this basically means is that traders don’t have to trade against the broker. Traders become part of an open market exchange which allows them to interact with other members and share ideas. They have the option to create their own binary options and sell them within their network.


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Review Verdict: TradEqual is NOT a Scam

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Our team of investigations tested their trading platform, customer service support, withdrawal procedures as well as traders’ feedback. You can read our comprehensive review on TradEqual below.

Is TradEqual A Scam?

Established by a team of professional traders in 2015, TradEqual has a unique approach when it comes to trading binary options. The broker is owned by Ultima Capital Limited, a company that is registered by FSA in St Vincent and Grenadines. Their registration number is 22965 IBC 2015. TradEqual operates in compliance with all the rules and regulations. They are not yet licensed, but are in the process to obtain their licenses from MiFID and CySEC.

PRO Tip

Still being in the process to obtain a license should be a cause for some concern. This could mean there is a problem with the system. That is why we suggest that you think carefully before signing with this broker or choose a trusted and already licensed one. If you decide on the second option, you can Follow This Link and read our detailed review on a AlgoBit, an autotrading platform sponsored by the licensed OptionBit.

They will soon be obtaining their licenses to operate in EU countries as well. The website is secured by 128-bit SSL encryption which helps protect information of traders. They also have segregated accounts so their funds and traders’ funds can be kept separate. Moreover, they offer a trading experience that is unique, safe and secure. This is the reason, we approve TradEqual is a reliable and safe broker.

 

Review Verdict: TradEqual is NOT a Scam

Visit TradEqual Website

Trading Platform

TradEqual’s peer to peer social trading platform allows users to create their own options and sell them. The four different markets for which options can be created include stocks, forex, commodities and indices. Their trading platform is quite similar to a typical binary options trading platform, but their services and features are different. The trading platform allows traders to write and buy options using the same account. It gives traders the opportunity to join a social trading community where they can share ideas with their peers.

tradequal platform

The difference between TradEqual and other binary options brokers is the fact that this broker allows traders to be on both sides of the options. They can buy options from other traders or they can sell options to others. TradEqual is a true open market peer to peer exchange.

Since there is no broker in between, the prices are determined by the traders. Basically, traders are in a competition to offer the best possible price for their options. The TradEqual platform doesn’t have a conflict of interest with their traders because they are not on the other side of the transaction. They simply get a commission from the transactions that are made between the traders. On their trading platform, traders are able to get real and accurate quotations all the time.

Since traders trade against each other, the broker does not play with the market prices and change the prices to keep the odds in their favour. This makes a huge difference as it leads to higher profitability. Traders also have the option to customize the settings so they are in control of the options. They can also choose when to cancel the option before the expiry. The trading platform is available in English, Arabic, Russian and Spanish. Traders can choose from 21 different assets and the option types include High/Low.

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Account Types and Bonuses

TradEqual gives new clients a bonus of $100 to encourage them to create an account with the broker and start writing their own binary options. Currently, demo trading is not available, but the broker is in the process of launching this feature so traders can test their platform prior to investing. The payouts for the binary options that traders write can reach up to 125%.

How To Get Started?

  • Sign Up – every trader must complete the registration form on the TradEqual website before they can start making use of its services. An initial deposit of $250 is also required.
  • Trade and Profit – traders can write their own binary options and sell it other traders to make a profit.
  • Withdrawal – Once the account reaches $100, it is possible for traders to make a withdrawal request by submitting the withdrawal request form.

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Deposit and Withdrawal Procedures

The banking services offered by TradEqual are superb. All of their payments are processed on their Algocharge platform which is very simple to use, but looks very professional. Methods of payment include Maestro, Visa, MasterCard, Bank wire transfer, Neteller, Skrill and Discover Card. The minimum amount needed to make a deposit is $250 and the maximum is $10,000. When it comes to withdrawal, the minimum amount needed is $100 and it takes about 3 working days for the withdrawal to be processed. However, a verification process is carried out before traders can make their first withdrawal.

Support Information

TradEqual offers an excellent level of customer support service. Their clients can reach them via email, phone, live chat and Skype. The selection is quite great and better than what the average broker offers in the industry. Live chat and Skype are the two most convenient methods available for traders who are looking for quick answers. Their support team is also very friendly and highly knowledgeable.

Conclusion


Pros

  • Good_choice_stamp_top10_BRTrusted & Safe Platform
  • Peer-to-peer Trading
  • FREE signals service
  • Write and Sell Binary Options

Cons

  • Non-English Support via Email
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