TropicalTrade Review

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

One more step

Please complete the security check to access scambroker.com

Why do I have to complete a CAPTCHA?

Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.

What can I do to prevent this in the future?

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Cloudflare Ray ID: 5817cdd00c827b4b • Your IP : 188.64.173.24 • Performance & security by Cloudflare

TropicalTrade Review

Overview

OverviewContents1 Overview2 Platform3 Types of Accounts4 Assets & Expiry time5 Deposit & Withdrawal Options6 Minimum Deposit & Bonus Plans7 Payout8 Customer Service9 Accept US Traders10 TropicalTrade Review11 User Reviews on… more

Details

Platform TropicalTrade
Website URL www.tropicaltrade.com
Founded 2020
Headquarters Gibraltar ( EU ) / St Vincent & The Grenadines
Support Number 13477835462 ( USA ) | 442035193856 ( UK ) | 61285992812 ( Australia )
Support Types Email , Phone support ( English, Arabic, Spanish ) , Live Chat
Languages English
Trading Platform Panda TS
Minimum 1st Deposit $200
Minimum Account Size $200
Minimum Trade Amount $25
Maximum Trade Amount $5000
Bonus Exclusive: Up to 150% Welcome Bonus or 5 Risk Free Trades !
Max. Payout 85%
Free Demo Account
Account Types Basic , Pro , Expert , VIP , Corporate
Deposit Methods Credit Cards , Debit Cards , Wire Transfer
Withdrawal Methods Credit Cards , Debit Cards , Wire Transfer
Number of Assets 55+
Expiry Times 60 Seconds , 3, 5, 30 Minutes
Types of Assets Commodities , Currencies , Stocks , Indices
Option Types High Low , Range , One Touch , Hyper
Trading Currency USD , GBP , EURO , CAD , AUD
Account Currency USD , GBP , EURO , CAD , AUD
US Traders
Mobile Trading
Tablet Trading
Overall Score 4.0
  • Up to 5 Risk Free Trades or 100% Welcome Bonus
  • FREE Academy
  • Integrity & Honest Broker
  • Up to 85% Payout
  • Minimum Deposit of only $200
  • Social Trading
  • Quick Payouts
  • Excellent Customer Service
  • Over 150 assets to trade
  • Few methods to deposit
  • They don’t accept US Traders

Full Review

Overview

Important Notice to US Traders,

Tropical Trade is not accepting customers from USA.

Check our list of brokers accepting customers in USA.

Tropical Trade is a binary options broker. Since 2020, they’ve delivered their financial services to traders internationally. Through their cutting edge platform, TropicalTrade offers the simplest, yet most advanced method for trading binary options online. With professional customer service, a wide range of trading products, and an extensive selection of assets, TropicalTrade has become one of the industry’s leading online brokers.

At TropicalTrade, a single investment can yield a return of up to 85 percent. Given the right market conditions, traders can expect a payout of as much as 1500 percent when selecting a Range or OneTouch option. To cater to all types of traders, TropicalTrade offers four different types of trading methods: High/Low, OneTouch, Range, and Hyper. While each is different and offers its own benefits, every method will provide traders with a generous payout. For new traders, the simplest method is the High/Low, or Call/Put option.

Platform

TropicalTrade’s platform was developed using the latest technology. Created by experienced professionals representing a number of fields, including forex trading, risk management, and software development, the TropicalTrade platform is tailored made for online binary options trading. The platform is entirely web-based, and therefore requires no download of any software. Traders can easily access the platform directly from their web browser. Whether a beginner or a veteran trader, anyone arriving for the first time to TropicalTrade will find the platform’s interface to be simple and user-friendly. The platform has been developed to be compatible with both desktops (PC) and mobile devices. To invest on-the-go, traders will simply need an internet connection. At present, mobile supported devices include iOS and Android powered phones and tablets.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

Types of Accounts

Tropical Trade has four accounts to choose from, each with its own set of incentives, benefits and features. The Basic offers a 20 percent Welcome Bonus, personal assistance with a Junior Broker, and Package One access to the Education Center, all for a minimum deposit of $200. From there, the amount of the minimum deposit increases, but so does the number of rewards which come with opening each account. Other account types include: Pro ($2,500+), Gold ($6,500+), VIP ($50,000+), and Corporate ($100,000+). Some of the types of benefits offered with TropicalTrade accounts include, risk-free trades, free e-book, one-on-one training with a personal broker, full access to the Education Center, free trading signals, and real-time alerts.

Assets & Expiry time

At TropicalTrade, traders can select from more than 65 unique assets. In the asset index located on the TropicalTrade website, assets are categorized into currencies (FOREX), commodities, stocks, and indices. Also included in the asset index are the expiry times for each individual asset. Generally, binary options expiry times are every 15 to 30 minutes. However 60-second trading offers expiry times ranging from 30 seconds to five minutes.

Deposit & Withdrawal Options

Tropical Trade makes banking quick, secure and easy. Traders can choose from several currencies to fund their account or make withdrawals. TropicalTrade account holders can use British pounds, Euros, or U.S., Canadian, and Australian dollars. At this writing, TropicalTrade accepts payments from a number of major credit/debit cards as well as bank wire transfers. To make a withdrawal, traders can use either a credit/debit card or a bank wire transfer. The minimum amount that can be withdrawn is $100. Once a withdrawal request has been submitted, they are processed within five business days. While withdrawing funds via credit/debit card is free of charge, a bank wire transfer will cost $25 for each withdrawal.

The results of our withdrawal test at TropicalTrade was better than average. Money had been withdrawn via credit/debit card, and after four days, the funds appeared on our credit card statement.

All transactions at TropicalTrade are secured using the most advanced SSL encryption. The privacy and security of their traders is something they clearly take very seriously. Using state-of-the-art technology, TropicalTrade safeguards personal details and banking information to ensure fraud protection. With the latest SSL certificates, even a trader’s trading history is kept secure.

Minimum Deposit & Bonus Plans

The minimum deposit for the Basic account is only $200. This entry level account is highly recommended for anyone new to binary options or online trading. With TropicalTrade’s comprehensive Education Center, a new trader can quickly become an expert over a short period of time.

The bonuses offered at TropicalTrade are varied. Each account type offers its own Welcome Bonus: Basic (20%) Pro (35%), Gold (70%), VIP (50%), and Corporate (30%).

Tropical Trade is giving away Up to 5 Risk Free Trades in all first deposits for all USBinaryOptions.com visitors.

Payout

TropicalTrade offers a payout of up to 85 percent.

[success]The result of our profit test showed an average return of 81.5 percent across all option methods (financial products).[/success]

Customer Service

TropicalTrade’s customer support team is available 24 hours a day, seven days a week. Their support representatives are friendly, knowledgeable, and very professional. In addition to a toll-free phone, traders can contact TropicalTrade’s customer support team via email and live chat. Customer support was always available for questions and took the time to make sure those questions were answered. When asked how to get started, rather than simply referring our trader to the relevant pages on the website, a support representative walked him through the entire process while on the phone. TropicalTrade also employs market experts and professional brokers who can assist traders as well as provide them with news, up-to-date market trends, trading signals, and more.

Accept US Traders

TropicalTrade does accept traders based in the United States.

TropicalTrade Review

TropicalTrade makes every effort to provide an ideal trading experience. Having combined the latest technology with professionally trained brokers and an amazing support staff, TropicalTrade succeeds in delivering a safe, secure and profitable method for trading binary options. Their financial products and available assets are some of the best online. And with the free resources offered at their Education Center, traders can easily increase their returns in a matter of days. At TropicalTrade, all the tools for improving your trades and making real profits are just a few clicks away.

7 Binary Options

UPDATE (15.05.2020):

We have found out that Tropical Trade has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

Min. Invest Min. Deposit Max. Returns
All brokers >>
Min. Invest Min. Deposit Max. Returns

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Every trader wants to find a reliable broker. Our in depth Tropical Trade review will provide traders with detailed information into the dealings of this binary options brokerage. Tropical Trade talks of huge payouts and superior customer service for every trader looking to make a profit trading binary options.

Basic information:

Online since: 2020
Jurisdiction: Kingston
Software: Panda TS
Max Returns: 85%
Minimum Deposit: $200
Minimum Investment: $5
Maximum Investment: $5000
Currencies: USD, AUD, CAD, EUR, GBP
Mobile: No
Countries: All nations

– Excellent returns
– Accepts US Trades
– Good deposit bonus
– Over 200 tradable assets
– Low minimum investment

– Only available in Engish

7 Binary Options Rating:

Tropical Trade Special features

Tropical Trade has created a variety of account types that will appeal to every type of trader on the market. Unfortunately, during our Tropical Trade Review we noticed that they do not give enough information on the benefits that go along with the various accounts.

We feel it would be more beneficial to traders if they gave more information about every account option on their website as they have a specific section dedicated to these accounts. Their customer support team let us know that all of the bonuses associated with these accounts are a matter of concern for the account managers who are must designate them.

Basic account

  • Up to $1000 minimum deposit

Professional account

  • Welcome bonus
  • Up to $5000 minimum deposit

Expert account

  • Welcome bonus
  • Up to $10,000 minimum deposit

VIP Account

  • Welcome bonus
  • Up to 25,000 minimum deposit

Corporate Account

  • Welcome bonus
  • Deposit amount is unlimited

As you can see from the information above, TropcialTrade has some pretty costly accounts, so it would be beneficial for traders to know what to expect before making a deposit upwards of $10,000. It is stated in their Terms & Conditions that the required turnover amount is x30, which is average in binary trading. The minimum deposit with this brokerage is $200 and $20,000 is the maximum deposit that can be made with a credit cards. However, there are no limitations on wire deposits.

Tropical Trade Trading software

In our Tropical Trade review, we discovered that this broker utilizes the Panda Platform. Panda is one of the newest platforms available on the binary options market. However, traders seem to really like it as it is user friendly and gives a great oversight of the overall process of binary trading and binary options robots.

The platform is extremely user friendly and easy to navigate, which is crucial in the fast-paced world of making money with binary options. As of this writing, TropicalTrade does not have the option for a mobile app. On the bottom of their website they do announce that there will be one released in the future so we are looking forward to this as mobile trading is becoming more and more popular. The website is also easy to navigate and we were happy to find that all of the relevant sections are displayed on top of the page.

Traders who sign with this broker can expect to trade with one touch and high/low options as well as range and hyper options. Otherwise known as turbo options, hyper options are essentially short-term options.

Tropical Trade offers 4 commodities: oil, copper, silver and gold; 36 currency pairs, 23 stocks and 8 indices. While there are binary options brokers who offer more assets, we feel that this is a great starting platform, especially for novice traders. Decisions can be made with ease and funds are able to be allocated with this broker as well. Our Tropical Trade review revealed that there is also a social trading option that allows traders to copy the trades of some most highly successful investors on the market.

Tropical Trade Support information

In our Tropical Trade review, we noticed that this brokerage only offers a website in English, which in our opinion, is a bad move. Most trades highly prefer to have all of the necessary information readily available in their native language. We feel it would be highly beneficial if the site could be made available in French, Arabic, Spanish German and Italian as well.

The Academy Section, which is designated for educational purposes, is only made available to those users that have a registered account. However there are some sections that are free for anyone to utilize. There is also a FAQ section that answers basics questions about trading as well as the registration process. While it is not extremely detailed, it can prevent a call to customer service with a few simple clicks.

Tropical Trade Banking and Company Information

It should be notated that financial transactions made online are often unreliable. For protection purposes, the traders must verify their identity before any transaction is completed.

There are a variety of options for deposit and withdrawal processes. In the Tropical Trade review we made note that traders can use bank wire or credit cards including: Diners, Visa, Visa Electron, Delta and MasterCard. It would be nice if they also provided an option for e-wallets as they are both reliable and fast.

The minimum deposit for this broker is $200 with a minimum withdrawal of $1. There is a $25 fee for bank transfers; however withdrawals made via credit cards are free. Once the request for withdrawal is complete, it can take up to 5 days to be processed on their end. This is a bit longer than the average. We feel that decreasing this time period to three days would benefit those traders who have earned profits and wish to withdraw their money.

During our extensive Tropical Trade review, we discovered that they are powered by FLY Ltd, VC0100 St Vincent, the Grenadines and Stony Ground. The payment services are operated by Cumberland Capital Ltd. while the website is operated by FLY Ltd.

Summary

Tropical Trade offers a wide variety of trading assets and is a user-friendly platform, which is beneficial for new traders. Their customer support is responsive and helpful. They do offer educational tools, but for paid members only. They do offer a multitude of account options and will be launching a mobile app in the future. While there are systems that offer more features, we feel that Tropical Trade is a reliable broker for those who are serious about trading binary options.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English
Trading Options: High / Low, One Touch, 60seconds, Boundary
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 30 sec, 60 sec, 2min, 5min, 15 min, End of Day, End of Month
Deposits and Withdrawals: Visa, MasterCard, Wire transfer, Electronic payment
Withdrawal Time: 2 business days
Demo account: No

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Guide For Beginners
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: