TradeHits may be one of the newer binary options brokers on the market, but the company was built by industry veterans with years of business and trading experience. The company offers high returns of up to 88% and an extensive range of tradable assets. TradeHits’ intuitive platform, multi-lingual support and zero commissions or fees is designed to accommodate both first time and experienced traders alike. TradeHits is domiciled in London but it is able to serve traders worldwide, and is happy to accept US traders.
Minimum Deposit: $250
Options profitability: 88%-500%
Languages available: French, English, German, Arabic
Bonus: Up to 100%
TradeHits’ new website is very attractive and all of the information that a new client would need is listed on the company’s website. However, we did find that some of the information was a bit difficult to locate. For example, account types are listed in the ‘about us’ section rather than in their own subsection, a section which we thought would be highly relevant. In addition, there is a stand- along listing for ‘expired rates’ that contains no information whatsoever. That being said, TradeHits does a better job at providing all of the relevant information than many other binary options providers, and with a bit of research, traders should have no problem finding exactly what they’re looking for.
Account and Platform Types
The five accounts range from a basic account which calls for a deposit of $250 to $999 to the VIP account where $50,000 is required and comes complete with all the bells and whistles as well as a high interest of 5% and an additional 3% on any profits accrued.
The six platforms include option builder, one touch, 60 seconds and more. Account holders can view videos about how each account works, and though no deposit is required, we’d have loved to find this information for free during our TradeHits review.
Likewise, the company’s daily market review is made available to all account holders and includes a thorough technical review and analysis complete with graphs and a daily economic calendar. Accurate data streams are provided by their data provider, Reuters. TradeHits’ ‘daily tips’ column presents a small suggestion on how to proceed in trading for that particular day.
When it comes to education, TradeHits offers quite a bit. There is an interactive 4-lesson course for registered account holders. The classes cover the basics of binary option trading, trading psychology, financial management and market analysis. In addition, the VOD course is a series of videos for both beginners and advanced traders which are informative and useful.
TradeHits also offers a somewhat lengthy ebook which goes into greater detail about binary option trading. The ebook is also available to account holders only.
Finally, a demo account is available for depositors only. TradeHits is one of the few binary options providers that offers a demo, and though a deposit is required, traders can withdraw after using the demo if they aren’t completely satisfied. After this thorough TradeHits review, however, we have every reason to believe that the company’s clients will be entirely satisfied.
The philosophy at TradeHits is to give their clients the best trading experience and support. They provide a 24/6 online support and update their platforms with new technologies and features on a continuous basis.
TradeHits was the first binary option provider to introduce innovative pricing and execution modules which many other binary option brokers subsequently copied. Their most interesting feature is that 10% of the invested amount is paid back to the trader even if the option expired out of the money.
Overall, TradeHits provides its account holders with everything they need to trade. Though it takes time to become familiar with the company’s website, this time is well-spent as traders who register with TradeHits will have a truly top notch binary options trading experience.
- Headquarter : United Kingdom
- Regulation : None
- U.S. Clients Allowed :
- Minimum Deposit : $250
- Maximum Leverage : N/A
Pros and Cons
- 10% return on losing trades
- Easy withdrawal options
- Choice of trading platforms
- Confusing website
- Demo for depositors only
- No regulation
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