Tropical Trade Review

Tropical Trade
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Tropical Trade is a Binary Broker. But is it Scam or Not?
Read 100% Objective Tropical Trade Review by Experts
Tropical Trade Mobile App & Bonuses – See Below!

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Broker Tropical Trade
Website URL
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 9.3/10

Full Review

Important Notice: There is an issue with Tropical Trade’s operations. There is no clarity of when the issues will be resolved and if it will open its platform again. It will be closing for the time being. Traders should consider other alternatives instead of it.

This broker does not accept US traders anymore. For an alternative – see here.

Tropical Trade is a new binary options broker in the market that has started its operations only recently in 2015. It offers you the chance to place trades online on various currencies and therefore gain some profits out of making the correct choices. It is owned by FLY Ltd that is currently placed in St. Vincent and Grenadines.

The payment services they offer are carried out by Cumberland Capital Ltd which is placed in Liverpool, UK. Although it provides all these credentials, the one thing lacking is valid and verified customer testimonials that will help us to trust Tropical Trade broker more.

tropical trade risk free trades

Is Tropical Trade a Scam?

This is the first question that pops up in the traders’ minds whenever a new binary broker joins the market. Given the amount of scams already in the trading industry, it is a pretty understandable question. One of the surest ways to know that a binary options broker is not scam is to see whether they are regulated or not. Sometimes they are EU regulated, other times CySEC. However, in this case, Tropical Trade isn’t regulated with either one of them. We are not sure that it will not be regulated in future though. Sometimes new brokers take a while to obtain the license.

TropicalTrade Mobile Application

tropical trade mobile appThe broker TropicalTrade has not only an innovative web-based trading platform, but also a mobile application that can offer to traders the same professional and great experience. All the tools and features are implemented in the application and it is available for all countries and all devices – smartphones and tablets. The deposit and withdrawal procedures are also very smoothly processed even form the application.

Traders can enjoy trading with this broker from anywhere in the world if they have internet access.

Trading Platform

tropical trade platform appTropical Trade is a 100% web-based platform and does not require any additional downloads. There are various tools and features on the platform which make binary options trading easier. However, features which enable you to trade long term and short term trades are pretty common and we did not find anything special on their trading platform.

They work on the Panda Trading Systems Binary Options platform. There are over 200 different sorts of assets available on their platform. They have Forex pairs that are tradable within 60 seconds high or low as well. So you can trade in Forex as well as binary options on their platform. Although there is plenty of features available, we cannot confirm if the platform itself works reliably at all times during the day, as it is a vital factor.

Account Types and Bonuses

Tropical Trade provides you different types of accounts to get started with. These are:

  • Basic: Up to $1000
  • Professional: Up to $5000
  • Expert: Up to $10,000
  • VIP: Up to $25,000
  • Corporate: Above $25,000

The bonuses depend on the account type that has been chosen. However most commonly they provide a 100% bonus feature. There is either a 100% bonus or a choice of obtaining 5 risk-free trades on their platform. To withdraw the bonus you will have to trade 30 times the trading volume, which is not easy.

>> Free Sign Up Here <<

How to Get Started?

  • Step 1: Sign up for FREE.
  • Step 2: Deposit your funds and open an account.
  • Step 3: Choose a specific asset and decide whether you want to place the “call” or “put” option.
  • Step 4: Enter the amount you want to invest and choose the expiry limit.
  • Step 5: Wait until the expiry time. Earn your profits.

Deposits and Withdrawal Procedure

Once you have earned a specific amount, you can withdraw by requesting on the broker’s website. The withdrawal can reach you via bank transfer and various other methods. The maximum amount you can withdraw is $20,000, while the minimum amount you need to deposit to open the account is $200 only. You can choose to deposit your money using credit card, bank wire, online e-wallet modes, etc. There are no hidden charges associated with withdrawals. You can also deposit your amount using debit cards.

However, you will have to abide by some protocols to authenticate your account – this is done to prevent money laundering.

tropical trade payment

Customer Support

Tropical Trade has provided its location along with a live chat feature and an email address so that you can connect with them. You can hover over their website to check out general information about trading. For more extensive support, you can call them or reach out to them via live chat support. However we are yet unsure if they really are providing a well rounded support because of the lack of genuine customer testimonials.

Important Notice: There is an issue with Tropical Trade’s operations. There is no clarity of when the issues will be resolved and if it will open its platform again. It will be closing for the time being. Traders should consider other alternatives instead of it.

Tropical Trade Conclusion

TropicalTrade has already gathered a lot of attention and customers around the world are providing only positive feedback. We tested all the features of the web-based platform and the mobile application and came up to the conclusion – Tropical Trade is scam-free broker with clear and transparent reputation so we can confirm its safety.

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