The 2 main Tradonex withdrawal problems traders face are limited payout options and the 20% cash-out fee on the first withdrawal. Trades can eliminate this cash-out commission by reaching a certain turnover.
The broker supports payouts only via Tether on the Tron blockchain network and Bitcoin, with no other methods available on the Tradonex dashboard.
Tradonex Payout issues
Tradonex broker users generally complain about two important issues they face when submitting withdrawal requests. Tradonex Withdrawal problems:
- Limited payout methods
- High cash-out fee on first withdrawals
Limited Payout Methods
As mentioned in the Tradonex deposit and withdrawal article, the broker supports a wide variety of funding options, including cryptocurrencies, bank cards, and e-wallets.
However, the broker only provides USDT TRC20 and Tradonex BTC withdrawals.
High Cash-Out Fee on First Withdrawals
For first-time withdrawals, if your turnover is less than a certain amount, the bonus will be deducted from your funds. Here are more details:
Tradonex Cash Out | Details |
Trading Turnover required | 3 Times Your Deposit + Bonus |
Commission Applied | 20% |
Bonus Conditions | Eliminated |
Here's a picture of us contacting the support team regarding this issue.
Do Traders Face Similar Problems in Other Binary Brokers?
Yes, Tradonex isn't the only binary broker with withdrawal issues:
Broker | Tradonex Broker | |||
High Payout Limits | No | Yes | Yes | No |
High Payout Fees | Yes | Yes | Yes | Yes |
Funds not Sent | No | No | No | No |
Limited Payout Methods | Yes | Yes | No | Yes |
TF Expert Suggestion
One common Tradonex withdrawal problem is the 20% commission on initial withdrawals. You must achieve a trading turnover of 3 times your deposit and bonus amount to prevent this fee.
To avoid obstacles during the payout process, we recommend reading TradingFinder’s Tradonex TRC20 withdrawal guide on the Tradonex tutorial page.
