Tropical Trade
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Overview

Is Tropical Trade Scam or Reliable Binary Options Broker?
Check This 100% Honest Tropical Trade Review by Experts
Account Types, Trading Tools & Bonuses – Read All Below!

Read Full Review

Details

Broker Tropical Trade
Website URL www.tropicaltrade.com
Headquarters Liverpool, Merseyside L2 3PF UK
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus Up to 100%
Payout 85%
Free Demo Account No
Account Types Basic, Professional, Expert, VIP, Corporate
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Neteller
Number of Assets 150+
Account Currency USD, EUR, GBP, AUD or CAD
Overall Score 9.1/10

Full Review

US traders are not allowed to open accounts, so check here for another scam-free brokerage company.


Important Notice: TropicalTrade is no longer in operation for undisclosed reasons. The official website of the binary options broker states that it is closed. We will continue to update users if any further information arises but they should be weary of the fact that they can not rely on the platform’s investment services anymore.


Our team of expert conducted a research of the Tropical Trade binary options trading services. After testing their trading platform and deposit and withdrawal procedures as well as taking into account traders’ feedback we made a review of Tropical Trade. For more details you can read the full Tropical Trade review below.

 

Review Verdict: Tropical Trade is NOT a Scam

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Is Tropical Trade a Scam?

Tropical Trade is a broker that provides binary options trading platform and services to traders with various levels of proficiency. Considering how many binary brokers keep flooding the market, many people are justifiably worried that they might come across dishonest brokers or fraudulent schemes. That is why we checked what traders had to say about Tropical Trade.

tropical trade risk free trades

We couldn’t find any negative feedback about the broker and there weren’t any serious complaints about the Tropical Trade’s services. From what we gathered it looks like Tropical Trade provides satisfactory binary options trading services and is not considered a scam by its users. The broker seems to be trustworthy and many traders are happy with the trading platform and the large resource of educational materials, which help them to further improve their results.

Trading Platform

The Tropical Trade platform is streamlined and efficient. It is entirely web-based so there is no need to download or install any additional software. Traders can choose form over 150 assets in the four major categories of stocks, indices, commodities and currency pairs. In addition to the traditional High/Low trading, the Tropical Trade platform also provides One Touch and Range options. The platform’s interface has a simple and intuitive layout with clear indicators for the expiry time, the potential payout and the return percentage.

Traders can get all the information they need at a glance, which enables them to make informed decisions and optimize their trading performance. Another very useful instrument is the Hyper tool, which offers a dynamic and exciting trading experience. With a 30 second expiration time Hyper gives traders the opportunity to execute a large number of trades in a short time, which could potentially bring them higher profits more quickly.

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Review Verdict: Tropical Trade is NOT a Scam

Visit Tropical Trade Website

However, this feature is more suitable for experienced traders because it requires prompt reactions and more confidence on the part of the investor. Tropical Trade also offers real-time price feed from Reuters, which ensures that traders get the latest and most accurate market data.

Account Types and Bonuses

Tropical Trade offers different types of trading accounts designed to meet the needs of different types of traders with various levels of proficiency. Everyone, form novices to corporate clients can select the account type that will give them the suitable tools and features to achieve their trading goals.

  • Basic Account − perfect for new traders or those that have limited knowledge about binary options. The maximum deposit of $1000 prevents beginners from losing large sums of money.
  • Professional Account − suitable for traders with more experience on the binary options market. The maximum investment amount of $5000 allows them to execute more trades while at the same time minimizes the risk of huge losses.
  • Expert Account − the most popular of all Tropical Trade account types, it has a deposit of up to $10 000. It is suitable for traders who have mastered the basics of binary options trading and need a wider range of trading options and solutions.
  • VIP Account − this type of account with a maximum investment amount of $25 000 is perfect for seasoned traders who want to reach a larger trading volume and trade on a larger scale.
  • Corporate Account − designed for corporate clients who want to invest on a company level, this account type has no limitations when it comes to deposit amounts.

As a part of its promotions program Tropical Trade offers bonuses and one time trading credits to new traders and loyal clients. It is recommended to read the Terms & Conditions to check if you will have to fulfill any requirements once you accept a trading bonus.

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How to Get Started?

  • Free Sign-Up − Registering with Tropical Trade is free of charge and in this first step traders have to provide their contact information in order to open an account.
  • Trade & Profit − In order to start trading you need to fund your account. Then you can start executing trades and profit.
  • Withdrawal − The final step is to withdraw the earnings you have made.

 

Review Verdict: Tropical Trade is NOT a Scam

Visit Tropical Trade Website

Deposit and Withdrawal Procedures

The minimum deposit traders need to make in order to trade is 200 USD/EUR/GBP/CAD/AUD. Accounts can be funded using credit and debit cards as well as wire transfers. When you want to make a withdrawal you have to place a withdrawal request from the My Account page. All transactions and transfers are completely secure.

Support Information

Tropical Trade provides professional customer support via various communication methods. Traders can contact the Support Team by phone, via e-mail, by using the web form on the website or via live chat.


Important Notice: TropicalTrade is no longer in operation for undisclosed reasons. The official website of the binary options broker states that it is closed. We will continue to update users if any further information arises but they should be weary of the fact that they can not rely on the platform’s investment services anymore.


Conclusion

Pros:

  • Low Minimum Deposit
  • Easy & Fast Withdrawals
  • Superior Customer Support
  • FREE Welcome Bonus

 

Cons:

  • Internet Connection is Required
  • Relatively New Broker

We Recommend You to Get Free Demo Account with Tropical Trade.

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