TropicalTrade Broker Review 2017

FairBinaryOptions Broker Certificate
  • Min. Deposit $200
  • Max. Payout 85%
  • Min. Investment $5
  • Mobile No
  • Software Panda TS
  • LiveChat Yes

We do not recommend trading with this broker since they do not have a valid license.  

Many traders are looking for a reliable broker, and TropicalTrade review will provide them deeper insight into the world of this binary broker. TropicalTrade promises high payouts and superb customer service that can satisfy every binary trader who wants to make some profit.

  1. Website Preview

  1. TropicalTrade Account Features

    TropicalTrade created a set of various account types that can be appealing for all types of traders. Unfortunately, during TropicalTrade review was noted how this broker is not providing enough information on all the benefits that one can get with every account type.

    It would be much better if they mentioned the whole package on the website, as they do have a section dedicated to the accounts. Customer support pointed out that all bonuses attached to the account types are a concern of account managers who appoint them.

    Basic account

    • Minimum deposit up to $1000

    Professional account

    • Minimum deposit up to $5000
    • Welcome promotion

    Expert account

    • Minimum deposit up to $10,000
    • Welcome promotion

    VIP Account

    • Minimum deposit up to $25,000
    • Welcome promotion

    Corporate Account

    • Unlimited deposit
    • Welcome promotion

    As it can be seen above, TropicalTrade has some really expensive accounts, so it would be great if traders knew what to expect before making a $10,000 deposit. Terms and conditions state how the required turnover is x30 which can be considered the average in the industry. Minimum deposit with this broker is $200 while maximum deposit via credit card is $20,000. Wire deposits carry no limitations.

  2. TropicalTrade Trading Software

    In TropicalTrade review was found out how this broker has Panda platform integrated. Panda is considered to be among newer players on binary platform market, but traders love it as it is easy to use and provides good oversight over the trading process.

    The platform is easy to navigate and follow, which is important in the fast world of binary options trading. At the moment of writing TropicalTrade review, this broker didn’t have mobile apps available. The apps are announced on the bottom of the website, so we hope to see them soon, as mobile trading is getting increasingly popular.

    The website is easy to navigate as all important sections are listed on the top of the page.

    Traders who make a deposit with this broker can expect to trade high low options, one touch, range and hyper options. Hyper options are basically short-term options, that are often known as turbo options.

    TropicalTrade provides 36 currency pairs, 4 commodities (gold, silver, copper, oil), 8 indices and 23 stocks. Even though there are brokers who have more assets, this is a great place to strat, as the decision can be easily made, and funds can be allocated with the same broker. TropicalTrade review showed us how there is also an option for social trading that enables traders to copy investments of the most successful traders.

    Your capital might be at risk
  3. TropicalTrade Support Information

    In TropicalTrade review was noted how this broker only has a website in English. That is too bad, as some traders prefer to get all the information in their native language. The addition of German, French, Italian, Spanish or Arabic would be great.

    Customer support can be reached via the online form available on the website, but also via phone. Tropical trade has phone numbers for the US, UK and Australian traders. The live chat function is working very well, and the operator answers pretty quickly. In case all operators are busy, a default message is sent in order to let the trader know that they are noticed and ask them to wait for a little.

    Academy section, dedicated to education, is available only to registered users, even though some chapters are free to everyone to use. There is also FAQ section that can answer some basic questions regarding trading and register process. It is not very detailed but thanks to it, contacting customer support can be avoided in few easy clicks.

    Your capital might be at risk
  4. TropicalTrade Company Information

    Financial transactions on the internet are often considered to be unreliable. In order to protect the trader and themselves, before any transaction is done, the trader must verify its identity by following this request.

    Deposit and withdrawal can be done in many ways. In TropicalTrade review was noted how traders can use credit cards (Delta, Diners, MasterCard, Visa, Visa electron) or bank wire. Additional methods like e-wallets would be a great option, as they are fast and reliable.

    The minimum withdrawal is $1, while minimum deposit with this broker is $200. All withdrawals via credit cards are free of charge, while bank transfers are charged with $25 fee. After the withdrawal request is done, it takes up to 5 days for it to be processed. This can be considered a bit longer than usual, and lowering this deadline to 3 days would be amazing for traders who earned their money.

    In TropicalTrade review was found out that it is powered by FLY Ltd, Stoney Ground, Kingston, VC0100 St. Vincent and the Grenadines. Website is operated by FLY Ltd, and payment services by Cumberland Capital Ltd.

  5. Your capital might be at risk

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Your capital might be at risk