Redox Trade is a binary options trading platform that provides online investment opportunities for people who are looking to profit from binary trading. Although they have not provided much details on their exact trading strategy, they claim to have the best plans for binary trading, especially for new investors and their platform is automated to a certain extent. According to the site, this company has been completing hundreds of successful trades every day, and you are unlikely to lose any money when investing in this site. With account options ranging from basic to starter, they provide various levels o account management and claim to simplify the process of binary trading. However, this is only one side of the story. There are many things that are lacking in this site that should be present in any legitimate trading site. In addition to this, many complaints from customers makes one think whether they really are proving the perks that they claim to offer. Before you think of investing in the Redox Trade site, you should read this review and then decide for yourself whether they are really providing the services that they claim to offer.
Want to see what trading services are working well for South African clients? Go here.
John Kane
Redox Trade started operations only recently in 2019, although the domain name was active since 2018. They claim to be based in Arizona, USA although there is no evidence of a physical office. Furthermore, they have not yet registered with the relevant authorities, so you cannot invest in this site if you are based in the USA. If you try to contact the owners of this site, you will be at a loss, as it is unclear of who the owner is. The strange thing is that they do not even provide the details of who funded the platform on the About Us page. Although they claim to have a license to operate, they do not provide any proof of this, and they have been banned by CFTC commission in the USA. When you go onto the site at Redoxtrade.com, you won’t find any contact details, apart from a contact page, so it’s difficult to get in touch with them for verification of their details.
Contents
Redox Trade Review
When you visit the Redox Trade platform you will see a professional design, which could be misleading. In addition to this, you will notice 4 different plans for starter, basic, Pro and executive. Each plan has different benefits including the amount of trades you can do per day and your estimated profit. Creating an account is quite simple, although you will have to provide personal contact information during the registration process. While many people have invested in the starter plan, which requires an initial investment of $500, this is significantly higher than all other investment sites. The normal minimum investment amount for such sites is usually set at $250, so this should be looked at closely.
Strategy
When you invest in a binary trading site, or any other investment site, you expect a solid trading strategy, right? Unfortunately, Redox Trade has not provided any solid trading strategy, apart from claims to have the best team that handles all the investments. They use a custom based web trading platform that claims to have an 81 percent trading success rate. However, custom based trading platforms are known to lack security features and can easily be manipulated by scammers.
Analysis
- Company: Redox Trade
- Product: Binary trading platform
- Minimum investment: $500
- Expected return rate: 81%
- Registration status: Unregistered
- Trading strategy: Unknown
You may be interested in looking into other similar platforms…
Trading Analysis
Redox Trade claims to have more than 60000 users registered on their platform. They claim to have hundreds of successful trades every day. However, they are still quite unknown in many trading circles, which makes you wonder where all the traders are. Another problem with their trading results is that they have not provided any verified results from any platform that can be used as proof that they are actually trading.
Client Feedback
When it comes to the legitimacy of Redox Trade as a platform, this is where maters get really bad. Unfortunately, they have no verified positive reviews. All the review on this site are from customer who are claiming that this site is a fraud and that it does not offer payouts. It was actually these disgruntled customers that raised suspicions on this site in the first place. Another major customer complaint is that they do not reply to emails, especially when it comes to withdrawals.
Conclusion
If you were planning to invest in the Redox Trade site, then think again. The site is banned by authorities in America where it is allegedly based. It does not have any trading strategy or verified trading results and they have provided no information regarding the owners of this site. In addition to this, negative customer feedback is not something that they can use in their favor either.
If you have had any experience with this company, we would love to hear from you. So, share with us in the comments section below.
Redox Trade $500 (minimum investment)
Summary
Redox Trade is an investment platform with an expected return rate of 81%.
Overall
1.1-
Pricing
(1)
-
Strategy
(1.2)
-
Trading Results
(1)
-
Client Feedback
(1)
-
Customer Support
(1.5)
Pros
They offer various account tiers
They claim to be professional and promise a high profit margin
Cons
The minimum required investment is quite high and embodies a fair amount of risk
They provide little details about strategy and have no authenticated trading results
There are a lot of negative customer reviews circulating about this company
They are unregulated
Done use them! I invested 1,000.00. I got a message from my so called broker and he said he lost my money then he blocked me. I tried to contact through e mail havent had a response. I’ve tried the WhatsApp number that the solicite on their site and they dont answer. Dont get scammed like me please. Do your research.
How do we start with Redox trading.
Hi
If you did not try the platform please do not write an review like this. The writer must do her homework. Invest in the platform and test it. If it is not working then write your review. Don”t make asdumtions if you do not test it and have the facts. I am the editor of a magazine and you must make sure your poeple do their homework.
Hi, if you do a search, there are many other reviews saying the same thing that our writer is about this platform. Are they all wrong?
If this review was written on July 2, 2020, why is the description of the Redox’s website completely inaccurate? The plans are wrong. Redox actually claims to be headquartered in the Toronto area. People do withdraw their money without any problems. Etc. I started investing with Redox on June 2,2020. The only complaint I have currently about them is that I was told that they have limited slots available on their Premier Arbitrage Plan that yields daily earnings of 4.3%, and they do not reveal that in the Premier Plan description and do not tell you that before you invest. Otherwise, nothing you are saying in this article is true, as far as what I have experienced, or what others have told me who are also successfully investing with Redox. Why would you write a “review” on a subject that you have never actually used or experienced? So, what is your motive for spreading false information?
I’ll get in touch with the writer to see if amendments need to be made. Are you truly a client? If so, please provide verified results of the claims you are making. It will go a long way.
I have now been a Redox client for over 4 months. I have had no actual problems. I also have several family members and friends who are investing with Redox. To date (Oct. 2020), not one person has had any problems, including withdrawing money up to $20k in a day. And, larger withdrawals are in the near future. The writer of this article is an ignorant hack, making stuff up so she can promote a competing platform for pay. What she needs to hear is, “You’re Fired!”
Hi Mark, our writer is not promoting a competing platform though, it is a completely unbias review. If you feel there are issues with the information provided, you should address those issues head-on. We are welcome to hear any complaints within reason, and with justifiable points, but you have yet to provide this.
Hi Mark
I am invested with Redox in a pool of investors but for the last two weeks there have been issues with withdrawals. Are you able to still withdraw profit or have you had any issues?