TradEqual is a binary options broker founded by a group of professional traders in 2015.TradEqual is one of the first brokers to offer P2P binary options trading for traders. P2P trading means that there is no involvement of the broker in the trading.
Traders will be able to write or buy option at anytime and they also have the opportunities to earn a higher profit. There is a higher opportunity to earn more because no broker will make money out of your losses. Just like most of the online binary options brokers, TradEqual do not accept traders from the USA.
How Peer to Peer Binary Options Trading Work?
When placing a trade, you can select the asset type, predict the price will increase or decrease and set an expiry time. If someone buy your trade and make the wrong prediction, you will earn the capital amount invested by other traders. If the trader predict the price successfully, you will have to pay for the investment payout as stated in the terms when writing the option.
TradEqual acts as an intermediate and earn a small percentage when you win a trade. In this way, the payout rate you get will be higher than the payout rate given by classic binary options broker. With TradEqual, you can get an even higher payout rate of between 200% – 700%. In P2P trading, the maximum payout rate you get will depend on the supply and demand.
New Account Registration and Demo Account
TradEqual only offer one type of account and they also offer demo account for traders who want to test the platform. It is completely free to sign up for a demo account as it is already preloaded with $1000. they offer up to $100 bonus when you sign up for a new account with them.
TradEqual Platform Review
All the important features are easily accessible on the TradEqual’s trading platform. Traders can choose from a long list of assets including forex, commodities, indices and stocks. In the Order Book, you will find thee types of options that provide the highest maximum payout.
They charge a 2% commission, which will be automatically deducted from your account when you win a trade. The platform supports a chat feature that allow traders to chat with one another during a real time exchange and there is no moderator monitoring your chats. The chats function enables you to have a discussion with other traders on the latest market trend, and trading strategies.
Safe and Secure
It is completely safe to trade on TradeEqual’s platform as it is protected with 128 bit SSL encryption. The funds of the clients are saved in segregated accounts. You just need to open one trading account to write and buy binary options. You have full control over your options and can cancel the trade early before the expiry comes to an end.
TradEqual accepts credit cards including Visa, MasterCard, American Express and Maestro for deposit and withdrawal. Customers can use bank wire to make a deposit or withdraw the funds from their account. Neteller is the only e-wallet they accept for deposit and withdrawal. If you deposit via credit card, the funds will instantly appear in your account in just a few seconds.
However, if you deposit by bank wire, you have to wait for 3 days for the funds to appear in the account. If you want to withdraw, you must select Withdraw in the banking page to go to the withdrawal form page. Next, you must fill in the amount you want to withdraw and submit the form.
It will take the customer support department 3 days to process the withdrawal request and and another 5 days for the funds to arrive in your account. There is a minimum amount you must have in your balance in order to withdraw is $100.
TradEqual has an education center where you can find some tutorials on the basics of binary options trading and binary options exchange. You can find the asset index, glossary and economic calendar in the education center. There is a FAQ section where you can find general information such as deposit/withdrawal, and explanation for basic binary options terms.
TradEqual’s customer support is available via the web contact form, email address, and telephone. TradEqual does not offer live chat support but they offer 24/7 telephone support for customers.
In conclusion, TradEqual is an outstanding broker that offers a revolutionary binary options trading through the introduction of peer to peer exchange platform. The new peer to peer exchange platform allows traders to buy and sell their trades in a fair marketplace.