TropicalTrade Review

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Tropical Trade

Overview

IMPORTANT:
This Broker is no longer accepting clients. For the Best alternative click here or visit our brokers page.

Details

Broker Tropical Trade
Official Website URL www.TropicalTrade.com
Headquarters Liverpool, Merseyside L2 3PF UK
Support Number Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus Up to 100%
Payout 89%
Free Demo Account
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 9.2/10

Full Review

Since this Forex broker does not accept US traders, we advise them to check another recommended option here.

Tropical Trade is a Forex broker that has managed to gain a good reputation over time. The broker offers a high standard of service to its clients. Traders can get access to valuable training and educational materials on their website. Tropical Trade believes that education is the key to success in trading and this is the reason they aim to offer quality education so traders can learn and at the same time maximize their gains on their investments. We conducted a thorough investigation on their features, customer support and trading platform and have compiled a short review which aims to tell you more about the broker.

Review Verdict: Tropical Trade is NOT a Scam

Is Tropical Trade a Scam?

With so many scam brokers on the market today, it is very important to be cautious when signing up with a broker. But when it comes to trading with Tropical Trade, it can be said that you are in safe hands. Tropical Trade is a reputable broker and provides a high level of service to its clients. It provides an easy to use trading platform and also takes measures to keep personal information and funds of their clients safe. We haven’t found any complaints about this broker. We have only found positive reviews and therefore we approve them as safe.

Trading Platform

The trading platform at Tropical Trade is simple and easy to use. It has been designed to cater for the needs of both novice and experienced traders. The best thing about their trading platform is that you don’t need to download any software. It is web based and you can access your account from your computer, tablet or smartphone which makes trading easy and convenient.

Account Types and Bonuses

There are five different types of accounts on offer. The Basic account can be opened for just $200 and the maximum investment is $1000. The maximum invest for Professional Account is $5000, Expert Account is $10,000, VIP Account is $25,000 and Corporate Account where you can invest unlimited amount of money. Welcome bonuses are offered for every type of account except Basic.

Review Verdict: Tropical Trade is NOT a Scam

How to Get Started?

  1. Sign Up – if you have decided to choose Tropical Trade, you can sign up on their website by providing some basic details about yourself. You must also provide a unique email address and as soon as your account is set up and you have made a deposit, you can begin trading.
  2. Trade and Profit – there is a wide range of features available to help you trade and maximize your profits.
  3. Withdrawal – finally you can withdraw your earnings by filling out a withdrawal form.

Editor’s Notice: Tropical Trade is closing operations . For the time being, it will not accept traders and will not allow trading on its platform.

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Tropical Trade Website Preview

Conclusion

Pros:

  • Competitive Payouts
  • Wide Range of Tradable Assets
  • Excellence Customer Support
  • Extensive Education Section

Cons:

  • Relatively New Online Broker
  • Support in English only

Visit Official Site

TropicalTrade

Overview

Is TropicalTrade a Scam or Trusted Forex Broker?
Read 100% FREE & Detailed TropicalTrade Review
TropicalTrade Minimum Deposit & Withdrawal – See Below!

Details

Broker TropicalTrade
Official Website URL www.TropicalTrade.com
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
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 8.9/10

Full Review

This Forex broker does not accept traders anymore. Another option – see here.

Important Update: Tropical Trade has recently gone offline. The official website of the online brokerage platform states that it is facing closure and will no longer be capable of providing digital financial services to users. We ca advise all traders that wish to carry on trading Forex to proceed to another broker.

When it comes to Forex trading, it is essential to get access to a reputable and reliable Forex broker. Recently, we came across Tropical Trade and found that they offer an exceptional level of service to their clients. As soon as we landed on their webpage, we were impressed not only with its layout and ease of navigation, but with the information we found. Tropical Trade offers vast educational tools to help traders find success in the industry. Here’s our comprehensive review about this broker which will help you decide whether they are the right choice for you or not.

Deposit and Withdrawal Procedures

The minimum amount needed to make a deposit is $200. Tropical Trade offers a variety of payment options including wire transfer, credit cards and debit cards that can be used for both deposits and withdrawals. The withdrawal procedure is quite simple and hassle free. Withdrawals usually take between 2 and 3 days to be processed. However, before a withdrawal request is processed the broker needs the trader to verify their account. The trader has to undergo a verification process whereby he has to provide proof of identity.

Review Verdict: Tropical Trade is NOT a Scam

Support Information

If you encounter any kind of problem during any stage of trading or sign up, you can easily contact Tropical Trade’s customer support team via a message form that can be found on their website. The broker has a reliable and friendly customer support team that is highly knowledgeable as well. Based on our experience, we can say that they are quite quick when it comes to responding to issues and queries.

Overall, Tropical Trade has an efficient team that is there to help traders solve any issues during their trading hours.

Important Update: Tropical Trade has recently gone offline. The official website of the online brokerage platform states that it is facing closure and will no longer be capable of providing digital financial services to users. We ca advise all traders that wish to carry on Forex trading to proceed to another broker.

There are over 100 Forex Signals advertised on the internet. All of them are promising high results and profits, however the majority might not bring you the money you want because of the low performance and low winning ratio.

That’s why it’s important to choose a Forex Signals Provider carefully!

Tropical Trade Signals achieved one of the highest Success Rates among the Signals we tested and more than 83% Winning Ratio.

Get Your Own Tropical TradeAccount

BONUS: Get Risk Level Control Feature to set and minimize the risk of losing funds.

Tropical Trade reviews

On-line since: 2020
Country of origin: Saint Vincent and the Grenadines
Regulation:
Payment options: Visa, MasterCard, wire transfers, Delta, VISA Electron
Minimum account size: $200
Minimum lot size: 0.01 lots
Leverage:
Spreads:

Spreads: —TropicalTrade is a trademark which belongs to FYL Ltd financial company with headquarters in Kingstown, Saint Vincent and the Grenadines.

Binary options trading with TropicalTrade is based on Panda Trading System which enables social trading.

Types of accounts

TropicalTrade clients may get Welcome bonus if they open one of five available accounts.

Basic is the type of an account with the lowest deposit of $200. Account Pro is for traders who deposit from $1,000 to $5,000. Deposit for Gold account is from $5,000 to $10,000, and for VIP account the deposit starts from $50,000. There is also a possibility to open an account with the deposit of $100,000 which was created specially for corporate clients; it has no limits.

High/Low is the simplest financial mechanism to be used. Using it a trader has only to forecast the trend. Profitability of such options trading is up to 81%.

One Touch is the type when traders forecast whether the price of an underlying asset touches any of two set prices at least once until the expiration of the options. In case of a successful order close, profits may get up to 81%.

Range is an option type which resembles One Touch. Using this type, traders have to assume whether the price of an underlying asset is trading within the range of two price ranges for the whole trading session. Gains are up to 81%.

Hyper is an option type which resembles High/Low type, but in this case the term of expiration is very short, in the range of 30 second to 10 minutes.

Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, AUD/USD-OTC, BCoin/USD, BCoin/EUR, BCoin/JPY, BCoin/GBP, CAD/CHF, CAD/JPY, EUR/JPY, EUR/JPY-OTC, EUR/USD, EUR/USD-OTC, EUR/CHF, EUR/USD, EUR/AUD, EUR/USD/CAD-OTC, USD/CHF, USD/CHF-OTC, USD/JPY, and GBP/USD/JPY-OTC.

Shares: Apple, Alibaba, Citi, Coca-Cola, IBM, McDonald’s, eBay, Yahoo, UBS, Twitter, General Electric, Facebook, Exxon Mobil, Barclays, Vodafone, JPMorgan Chase, HSBC, ENI, BP, Daimler, and BMW.

Indexes: CAC, DAX, DOW, FTSE, NASDAQ, S & P 500, TADAWUL, and Dubai.

Commodities: gold, silver, oil, and copper.

Trading instruments and resources

TropicalTrade has created a section where traders may get access to the financial news, daily and weekly analytical and market reviews as well as to some trading strategies.

TropicalTrade provides its clients with the educational center where newcomers and experienced traders may continue to master their binary options trading skills. Some educational materials are presented in the form of guidelines, e-books, videos, and webinars.

Apart from these resources, traders may get access to various trading instruments, i.e. financial and economic calendars, instructions for working on a trading platform, and the glossary.

TropicalTrade accepts payments in the following currencies: USD, EUR, GBP, AUD, and CAD. A maximum deposit for wire transfers is not imposed, however, traders may replenish more than $20,000 with a credit card. The minimum deal size is $5 and the maximum one is $500 for High/Low, One Touch, and Range options and $500 for Hyper. Traders may withdraw funds using the same means as for replenishment but no more than $20,000.

TropicalTrade clients may connect to the support service via email, contact form on the website, online chat, and telephone. The website is available in Italian and English languages. TropicalTrade does not work with clients and their funds from the USA, Canada, Australia, Belgium, and France.

There are reviews of TropicalTrade binary options forex broker on the this web page.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
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    Good Broker For Experienced Traders!

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