TropicalTrade Overview
Website: https://www.tropicaltrade.com
Tel:
Minimum Deposit: $500
Minimum Trade Amount: $25
Maximum Per Option: $50,000
Return Rate: 70%-75%
Bonuses: Up to 100%

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TropicalTrade Review

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TropicalTrade is a binary options broker owned and operated by FLY Ltd., a financial firm headquartered in Stoney Ground Kingston, St. Vincent & The Grenadines. Building upon its exotic and luxurious theme, TropicalTrade aims to bring simplicity and leisure to online trading. Like their slogan goes, TropicalTrade works to be “your source of comfort”; for a growing number of online investors, that is exactly what they are.

The company’s high-speed and intuitive platform makes trading online quick and easy. Whether a trained professional with a financial background or a beginner with no knowledge of trading or binary options, TropicalTrade provides a safe, secure, and effective method for trading that enables anyone to profit from the world’s largest financial markets. Through their online platform, traders gain direct access to these markets, and can choose from a wide variety of assets, including currencies, commodities, indices, and stocks. Behind the platform is Panda Trading Systems, a software development company. The Panda TS platform is one of the newest trading platforms available. In addition to the more standard financial products or options such as High/Low and Range, Panda TS offers its own signature option known as Hyper.

At TropicalTrade, the average payout rate is between 70%-75%. Their assets are quite diverse, and their customer support team is attentive, professional, and available 24 hours a day.

 Trading Software

Through their advanced trading platform, TropicalTrade has made profiting from the markets quite simple. Using the latest software, they have developed one of the most user-friendly methods for trading binary options online. From beginning to end, they’ve made the process easy and very intuitive. From a drop-down menu, traders can select their asset of choice, choose a direction (Call or Put), enter an investment amount, and confirm the trade. The platform interface clearly displays TropicalTrade’s financial products, available assets, the expiry rates, and potential payout. All asset values are updated in real-time. Market fluctuation and even sudden economic changes will be reflected on the graph in the trading section of the TropicalTrade website. Below the graph is a list of assets whose prices also fluctuate according to the market’s movements. The TropicalTrade platform is an entirely web-based platform. It requires no download of any software. The platform was designed to be fully compatible with mobile devices. Traders can access TropicalTrade from most iOS and Android powered smartphones and tablets.

 Bonuses

There are several bonuses and promotions available at TropicalTrade. These various offers are available for new and existing traders alike. There are both standard promotions for registering a new account and limited time offers to attract new clientele.

For newcomers looking to get started, are five different trading accounts. Each account features its own bonus, as well as a number of other benefits including one-on-one trading sessions. The first, entry level account, known as Basic offers a welcome bonus of 20% of the trader’s first deposit. From there, account welcome bonuses go as follows: Pro (35%), Gold (70%), VIP (50%), Corporate (30%). When available, new traders can also choose to receive a 100% welcome bonus upon sign-up or 5 risk-free trades.

The match deposit bonus is by far the most common. This type of bonus or promotion will provide new account holders with plenty of trading capital to test out the platform and earn some real profits.

Outside of their standard promotions are TropicalTrade’s numerous benefits which can greatly enhance a trader’s experience and increase their profit. These of course include the broker’s free weekly calls and training sessions, free trading signals, real-time alerts on breaking trades, free personal account manager, and more.

At any online broker, traders must understand the terms and conditions associated with the promotions. At TropicalTrade, there is a required trading volume of 30 times the amount of the bonus offered.

Trading Methods

At TropicalTrade, traders can select from four different types of options. These trading methods include High/Low, One Touch, Range, and Hyper. Each method is a little bit different. High/Low is the standard and original method for trading binary options. Traders choose the asset, and whether the price will increase (Call) or decrease (Put). The One Touch method enables traders to determine whether or not an asset will reach a higher or lower target within the expiry time, similar to the Call or Put option. For the trader to earn a profit using this method, the asset will only need to reach the target price once. When using the Range method, a trader can select any, or all five target prices for an asset within a particular time frame. A trader can additionally make multiple trades. The Hyper method is somewhat similar to the High/Low (Call/Put) method. The main difference is the expiry times, which are a lot shorter, usually between 30 seconds to five minutes.

Deposits & Withdrawals

TropicalTrade requires a minimum deposit amount of $200. To fund an account, traders can choose from a variety of simple, easy-to-use payment methods, including debit/credit cards and bank wire transfers. Credit cards and bank wire transfers can be used for deposits as well as withdrawals. TropicalTrade lets traders select from the following currencies: British pounds, Euros, or U.S., Canadian, and Australian dollars.

The minimum amount that can withdrawn is $100. Once a withdrawal request has been made, traders  should allow up to five business days to process the request. There is no charge for withdrawing funds through a credit or debit card. There is however a $25 fee for each withdrawal via bank wire transfer. It is important to remember that to complete a withdrawal request, each trader will undergo a verification process and will be required to submit a form of identification.

At TropicalTrade, every transaction is made securely. To ensure the highest level of security, the company makes use of the latest SSL encryption. Using this state-of-the-art technology, TropicalTrade safeguards all private information and banking details. Their updated SSL certificates additionally secures each trader’s trading history.

TropicalTrade Pros & Cons

Pros
  • 100% web based
  • They have a digital options.
  • allow traders to sell their options before they expire.
Cons
  • Minimal language support