TropicalTrade Review

MIN. DEPOSIT $200
Up to 400% PAYOUTS
Up to 70% BONUS
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TropicalTrade
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Overview

Broker information Having its head office settled in Kingstown, St. Vincent and the Grenadines, Tropical Trade is one of the pioneers in the vibrant field of binary trading. The broker… more

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Details

BrokerTropicalTrade
Website URLhttps://tropicaltrade.com/
Founded2015
HeadquartersKingstown, St. Vincent and the Grenadines
Support Number+1-3477835462
Support TypesPhone, E-mail
LanguagesEnglish, Italian
Minimum 1st Deposit$200
Minimum Trade Amount$5
Maximum Trade Amount$500 (Hyper), $5,000 (High/Low, Range, One Touch)
BonusUp to 70%
PayoutUp to 400%
Free Demo Account No
Regulated Yes
Account TypesBasic, Pro, Gold, VIP, Corporate
Deposit MethodsVISA, VISA Electron, MasterCard, Wire Transfer, Diners Club, Delta
Withdrawal MethodsVISA, VISA Electron, MasterCard, Wire Transfer, Diners Club, Delta
Expiry TimesFrom 30 seconds to 6 months.
Types of AssetsIndices, Stocks, Currencies, Commodities
Option TypesHyper, High/Low, One Touch, Range
Account CurrencyUSD. EUR. GBP. CAD. AUD
US Traders Allowed No
Islamic Account: No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Broker information

Having its head office settled in Kingstown, St. Vincent and the Grenadines, Tropical Trade is one of the pioneers in the vibrant field of binary trading. The broker offers an astonishing web-based trading platform which revolves around ease of use, convenience, real time updates, and highly accurate trading signals. Although its education center is available in multitudes of different languages, the broker’s website comes in English and Italian only.

Accounts

A wide selection of five different trading accounts is available at Tropical Trade. Basic account’s minimum deposit is $200. The minimum amount to start trading via a Pro account is $2,500. In order to initiate trades through a Gold account, a minimum sum of $6,500 is needed. To launch a VIP account necessitates a deposit of $50,000. Corporate account holders must fund their accounts with at least $100,000 to be able to trade.

Deposit and Withdrawal Options

Tropical Trade is committed to making sure that the privacy and the security of individuals are guaranteed at all times. Besides being secure, depositing is very straight forward, simple, and quick.

As of the current moment, the options for making deposits are via VISA, VISA Electron, Wire Transfer, Delta, MasterCard, and Diners Club. Wire Transfer is recommended for persons who prefer to send cash to their accounts directly from their current bank accounts, thus eliminating the need to use any external payment services. Wire transfers, though, may entail a fee. Withdrawals may be executed using the same methods.

Tropical Trade’s currencies include Canadian dollars, British pounds, Euros, Australian dollars, as well as American dollars.

Features

All four main asset types – commodities, stocks, currencies, and indices – are available for trading at Tropical Trade and the include more than 150 different assets. The “High/Low” option may yield a return of up to 81%. The “One Touch” and “Range” options can obtain profits of up to 400%. The short term “Hyper” starts from 30 and 60 seconds and goes up to ten minutes. The payout available through this option is 65%. All the associated proceeds come with no fees whatsoever. Social Trading is a rare options found within the platform of Tropical Trade which permits traders to copy other successful investor strategies.

Education

Tropical Trade is an example of the saying “education is the key to success”. It has devised a thorough education academy which is an example of the broker’s dedication to the ongoing success of its traders. To begin with, there are video courses for both inexpert and advanced traders. Additionally, there are trading courses in market analysis, as well as a glossary with basic terms and definitions. Next to platform tutorials and trading signals, there is also a digital book to further educate users of Tropical Trade.

Customer Support

E-mail and phone assistance are the only available means of support which the broker provides to its customers but they are presented in a timely manner and with the utmost care where the client is of paramount importance.

Bonuses/Promotions

All accounts are eligible for a welcome bonus which amounts to 20%, 35%, 70%, 50%, and 30% for the Basic, Pro, Gold, VIP, and Corporate accounts respectively. These accounts also get different kinds of personal brokers whose seniority is dependent on the level of the account.

Trading signals and 1-on-1 trainings are entitled to all accounts save for the Basic one. All Tropical Trade accounts also receive different education packages. The VIP and Corporate accounts’ access to all education packages, offered by Tropical Trade, is unlimited.All accounts but the Basic and Pro get risk-free trades as a perk and they are 3, 5, and 10, respectively.

All accounts but the Basic and Pro get risk-free trades as a perk and they are 3, 5, and 10, respectively. The trading signals for the Corporate and VIP accounts are personalized, while those for the Gold and Pro accounts are general by nature.

 

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