TropicalTrade Broker Review

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Tropical Trade Broker Review

Tropical Trade offers bonuses of between 20% and 75% as well as other VIP perks, and their trading software is cutting edge and extremely easy for both new traders and experienced investors alike. Their customer support can be contacted via a number of methods and is available 24/7. However, they only offer around 60 different assets for trading.

Review Overview

Bonuses – 80%
Software – 90%
Customer Support – 95%
Options Choice – 50%

Good quality broker

Summary : Very trusted broker

Intro

Tropical Trade offers its clients the opportunity to enjoy high profits with no fee through a user friendly web based trading interface. Their trading academy offers a range of resources suited to various levels of client experience and this broker offers continuous real time updates on all asset price movements. They also offer accurate trading signals to inform their clients’ investments as well as a 24/7 professional client support service. With no need to download any software or pay any hidden charges, Topical Trade offers payouts of up to 89% on binary options trades.

Company Information

Tropical Trade is owned and operated by Cumberland Capital which is a company based in Liverpool in the UK. It is not regulated or licensed by any recognised body or authority, however they do promise clients a secure and safe trading experience with strong SSL encryption across their website and strong security and privacy policies for the clients’ benefit. They unfortunately are unable to access any clients from the United States, Australia, Canada, Belgium or France for trading.

Assets Available

Tropical Trade only offers around 60 assets for trading including:

Bonuses & VIP Programs

Tropical Trade offers all newly registered clients a welcome bonus which ranges from 20% to 75% depending on the account types opened. Basic account holders receive a 20% bonus, Pro account holders get a 35% bonus, Gold account holders receive a 70% bonus, VIP account holders receive a 50% bonus and Corporate account holders receive a 30% bonus. VIP and corporate clients also receive some excellent extra perks including unlimited access to all levels of educational resources, 7 hours of 1 to 1 training, the services of an executive or corporate broker and analyst, 5 or 10 risk free trades and access to personalised trading signals.

Mobile

Tropical Trade offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time.

Deposits and Withdrawals

Tropical Trade offers an several payment options for making account deposits and withdrawals. These include:

  • Visa
  • MasterCard
  • Delta
  • Diners Club
  • Visa Electron
  • Maestro
  • Bank transfer

Making a deposit is easy and rapid as well as being completely secure and are usually received instantly except in the case of bank transfers where it can take up to 5 days for a payment to appear and a fee may be levied. Accounts can be opened in one of 5 currencies: Pounds Sterling, US Dollars, Australian Dollars, Canadian Dollars or Euros. The minimum accepted deposit is $200 with the maximum amount accepted by credit card being $20,000. There is no maximum imposed on wire transfers. There is also a maximum withdrawal limit of $20,000.

Customer Support

The Tropical Trade client support team can be contacted via several methods to respond to queries and to resolve any issues which may occur.

  • Live Chat
  • Telephone (phone lines in the UK, America and Australia)
  • Email
  • Web form

The website has a frequently asked questions section so that clients can immediately get an answer to all of the most common basic queries which are regularly posed.

Support is available 24 hours a day 7 days a week and the website is available in 2 languages – Italian and English.

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Extra Features and Resources

Tropical Trade offers its clients excellent educational resources to help them to learn more about trading binary options. There are ebooks and video courses available to clients at all levels of experience, with more advanced courses being available to those with higher level accounts. There is also free 1 to 1 training available for all newly registered clients. Financial news is always available from the home page and all clients can benefit from access to trading signals.

Verdict

If you are considering choosing Tropical Trade as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

  • Cutting edge trading software that is suitable for use by both experienced and novice traders
  • 100% online trading interface requiring no installations or downloads
  • Instant customer support via the live chat facility
  • Multilingual website
  • Strong SSL encryption
  • Trading signals
  • Educational resources
  • Several account types to suit the needs of all traders
  • 24 hour customer support 7 days a week
  • VIP accounts with extra benefits
  • Bonuses available
  • Clients from France, Belgium, USA, Canada and Australia are not accepted
  • Not licensed or regulated by any recognised body
  • No mobile app
  • Only around 60 assets available

Can I trade with Tropical Trade using my mobile device?

Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so companies like Tropical Trade are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world.

Does it cost anything to register with Tropical Trade?

It does not cost the client anything to register with Tropical Trade and there are no hidden costs or fees to worry about.

Which currencies can I open a Tropical Trade account in?

There are 5 different currencies that you can use to open your Tropical Trade account. These include:

  • US Dollar
  • Euro
  • Pound Sterling
  • Canadian Dollar
  • Australian Dollar

Once you have selected a trading currency you will be unable to change to a different one at a later time.

What account types are offered by Tropical Trade?

There are 5 account types offered by Tropical Trade including:

  • Basic – for a minimum deposit of $200 clients receive a 20% welcome bonus together with access to a junior broker and the 1st education centre package
  • Pro – for a minimum deposit of $2500 clients receive a 35% welcome bonus together with access to a senior broker, access to the 1st and 2nd education centre packages, an hour of 1 to 1 personal training and access to general trading signals
  • Gold – for a minimum deposit of $6500, clients receive a 70% welcome bonus together with access to an executive broker, 3 risk free trades, 3 hours of 1 to 1 advanced training, access to general trading signals and access to education packages 1, 2 and 3.
  • VIP- for a minimum deposit of $50,000 clients receive a 50% welcome bonus together with access to an executive broker and analyst, 5 risk free trades, 7 hours of 1 to 1 advanced training, access to personalised trading signals and access to all education packages.
  • Corporate – for a minimum deposit of $100,000 clients receive a 30% welcome bonus together with access to an corporate broker and analyst, 10 risk free trades, unlimited 1 to 1 advanced training, access to personalised trading signals and access to all education packages.

I am from the USA can I trade with Tropical Trade?

Unfortunately at the present time no clients from the USA are accepted by Tropical Trade for investment products. Clients from Canada, Australia, France and Belgium are also unable to register and trade with this broker.

Does Tropical Trade offer educational resources?

There are many excellent educational resources offered by Tropical Trade, so whether you are a brand new trader or an experienced investor there are ebooks and videos to help you to maximise your profits. There is also a useful glossary to help you to understand the most commonly used technical terms in binary options trading.

Tropical Trade

Overview

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

Details

Broker Tropical Trade
Official 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%
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 9.1/10

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 Forex 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 Forex 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

Table of Contents

Is Tropical Trade a Scam?

Tropical Trade is a broker that provides Forex trading platform and services to traders with various levels of proficiency. Considering how many Forex 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.

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 Forex 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.

Review Verdict: Tropical Trade is NOT a Scam

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 Forex. The maximum deposit of $1000 prevents beginners from losing large sums of money.
  • Professional Account − suitable for traders with more experience on the Forex 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 Forex 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.

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

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 Forex 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.

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.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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