Despite their grammatically odd choice of name, TradersLeader has set itself apart as a leader in the casual trading department. Although there is nothing about the trading platform or site features at Tradersleader.com which is new or innovative, they do offer a very good trading platform which is versatile yet easy to use. The real strength of TradersLeader is their extremely low minimum deposit at trade limits, which allows anyone who wants to learn to trade binary options the opportunity to do so.
Software and Features
New and casual traders will be pleased that the TradersLeader broker platform runs on the SpotOption engine, which is one of the easiest platforms to use in the entire industry while still providing plenty of trading options. While Tradersleader.com may be a great site for casual traders who already know a bit about trading, new traders will unfortunately be left in the dark as there are very few educational materials available though traders can benefit from up-to-date weekly and daily market reviews. Customer service is available around the clock and can be accessed in three languages through live online chat or via a toll-free telephone number.
Option Types Offered
One of the biggest pluses of TradersLeader is their huge list of assets; at the time of our TradersLeader review there were nearly 150 different pairs, stocks, currencies, commodities, and global indices which could be traded. The versatile SpotOption platform allows these assets to be traded with standard options, fast 60-second or 2-minute options, one-touch options, or through a custom options builder. There is also a pro options platform which allows live chart trading and the option to sell early, double up, or roll over the option. Profits are a bit on the low end of the spectrum, ranging from 65% to 75% with the minimum trading amount only $1.
Account Types Offered
Following the modern trend, there are no rigidly set account types at TradersLeader, every account is tailored precisely to the individual needs of the trader. The TradersLeader bonus amount changes often, and it is necessary to speak to a customer service representative when signing up in order to see what kind of bonus you can be offered. Casual traders will be thrilled to find that the minimum deposit is only $50, which means that literally anyone can try their hand at trading options for real money.
Big-time experienced traders who demand tons of charts and detailed analysis won’t find a home at TradersLeader, but that’s fine, because they aren’t really looking for those traders anyone. TradersLeader has positioned itself as the broker of the common person looking to make a few extra dollars trading options, and as such is a great place to start in order to get in on this exciting style of investing.