TradArea is a new binary options broker operated by a company called 1 Financial ROD Ltd. TradArea is CySEC regulated and its CySEC license number is 237/14. The CySEC regulated brokers that only accept traders from selected countries.
Some of the countries that TradArea do not support are USA, China, Japan, Canada, Singapore and Brazil. The internet of the website supports many other languages aside from English. Although being a regulated broker, TradArea’s was shut down last year and its website cannot be accessible currently.
TradArea Trading Platform Review
TradArea offers a completely web based Hello Markets trading platform that does not require downloading of any software. There are 6 types of charts and 13 technical indicators you can use for performing analysis on your trading. The platform offers a few time frames that range from 15 minutes to 1 hour. The platform also features up to date news feed from a credible resource, Bloomberg. The countdown time lets you know how much time is left until your option expires.
The TradArea platform supports a few types of options including 60 seconds options, long term ad one touch options. The highest payout they offer for the standard call/put option is up to 90% but the One Touch option allows you to earn a ROI of up to 600%.
TradArea also support a mobile platform for customers who want to use their smartphones to check on their trades. The mobile app support all platforms including Android, Windows and iOS. The demo account give you the opportunities to explore the different features on the trading platform. There is only a few steps to follow to open an account and there is completely no cost for signing up for a trading account.
Types of Trading Accounts
TradArea offers 4 levels of accounts including Standard, Silver, Gold and Black. The Standard account is the most basic account with a minimum deposit of between $200 – $999. You get a 25% welcome bonus when you sign up for a standard account. Standard account users will only get access to the platform user manual e-book. Silver account requires an initial capital of $1,000 – $4,999. You are entitled to receive a 50% bonus and access to the full collection of educational resources when you sign up for the Silver account.
The minimum deposit levels for a Gold account range from $5,000 -$9,999. Black account is for traders with big capitals and want to invest in between $10,000 – $49,999. Black account’s members can enjoy up to 5 risk free trades on their trading accounts. Some of the features enjoyed by members of the Gold and Black account are 100% deposit bonus, daily/weekly market analysis by email and phone.
TradArea allows you to deposit and withdraw via credit cards, bank wire, CashU, and Neteller, They support two types of credit cards including Visa and MasterCard. The lower level accounts charge a withdrawal fee of 3.5% while the higher level accounts such as the Platinum account offers completely free withdrawals. There is a set of documents you must download, fill in information, sign and send back to the broker in order to get your withdrawal request processed and approved.
TradArea’s customer support is available for 24 hours per day and 5 days a week through email, live chat and telephone. The telephone customer support is available for customers in Cyprus and UK. There is a FAQ section as well as an educational resource center that educate customers on the basics of binary trading. There is a glossary that provides explanation to the basic terms in binary options trading.
Is TradArea a reliable broker?
In conclusion, TradArea is considered as a reliable broker because they have managed to obtain a license with CySEC. In addition to be regulated by CySEC, the broker is also regulated under 2 other financial regulators including AMF and FCA.