Tropical Trade promised to license and regulate by the financial regulatory authorities. But yet they are not licensed. Recently their site is not working properly. Do not engage with them now. Let us be sure about their licensing and fixing website issues. We will update you as soon as we hear from them. Sorry for the inconvenience.
Tropical Trade Broker
In recent time one of the new binary options brokers is the Tropical Trade which founded and start working with the traders from 2015. St. Vincent and Grenadines, Stoney Ground, Kingston-based FLY Limited is the owner of this broker. This broker is new and for that reason still they don’t have a license and it’s not a fact of worry because many brokers who leading the industry do not have a license yet. From this Tropical Trade Review you will learn about Tropical Trade Binary options broker, Tropical Trade Pros and Cons, Is Tropical Trade Licensed and Regulated, Is Tropical Trade Scam, Tropical Trade Sign Up and Tropical Trade Login information.
Tropical Trade attracts the trades because of their official mailing address and it makes this broker trustable to the traders. Of course, there are reasons of that, because for their questions, concerns, and queries they can access easily. By an authority, Tropical Trade is regulated and still they do not have a license, because of that Tropical Trade accepts a large number of traders from the USA. But they will subscribe based on which regulatory authority might be changed. We will publish a recommended brokers list like the recommended binary signals list and Tropical Trade will be placed as one of our recommendations.
How about this broker?
About the Tropical Trade
If you trade binary options with Tropical Trade you do not have to download or install software because they are using a proprietary platform for trading. With a high payout of 85% for the investors the Tropical Trade has available more than 150 assets and a good variety of trade expiry times.
We observed that in the industry being a new broker Tropical Trade adds so many features and it’s pretty much sure that in near future they will have their license and regulations.
The History of Tropical Trade
Earlier as we stated, a newly seems popular binary options broker are the Tropical Trade. One of the reason is that for the time being, they accept traders from the United States.
Tropical Trade started their operations in 2015 in St. Vincent and Grenadines by the FLY Ltd. Cumberland Capital Ltd which is located in Liverpool of United Kingdom managed all the payment services.
Check the details:
Tropical Trade Description
|Broker Name||Tropical Trade|
|Incorporated||St Vincent & the Grenadines|
|Headquarter||Liverpool, Merseyside, L2 3PF, United Kingdom|
|Number of Trading Assets||150+|
|Support Language||English, Russian, German, Hungarian|
|Support Contact||Live Chat, Email & Phone|
|Broker Trading Platform||Panda Trading System|
|Minimum Deposit Amount||$200|
|Minimum Size of Trade||$25|
|Maximum Size of Trade||$2000 to $5000, Depends on Account Types & Trading Methods|
|Bonus||Up to 100%|
|Welcome Bonus||Up to 100%|
|Free Trades||5 Risk Free Trades|
|Average Profits Return||85%|
|Trading Options Refund||5% to 10%|
|Trading Account Types||Basic, Professional, Expert, VIP & Corporate|
|Deposit Methods||Credit Cards, Debit Cards, Visa Cards, Bank Wire & Neteller|
|Withdrawal Methods||Credit Cards, Debit Cards, Visa Cards, Bank Wire & Neteller|
|Restricted Countries||Israel, Turkey, Nigeria, Sudan, Ruanda, Nambia|
|Trading Expiry Times||30, 60, 90 seconds, 2, 3, 5, 15, 30, 45 minutes, 1 hour & end of day|
|Options Trading Methods||High/Low, Range, One Touch & Hyper|
|Account Curriencies||USD, GBP, Euro, CAD, AUD|
|Trading Curriencies||USD, GBP, Euro, CAD, AUD|
|Special Feature Roll-Over||Yes|
|Special Feature Risk-Free Trades||Yes|
|Special Feature Close Trade||Yes|
|Special Feature Insured Trades||Yes|
|Regulated||Not Yet, Applied to the Proper Authority|
|License||Applied, will Get Soon|
|One on One Trading||Yes|
|Market Analysis & News||Yes|
|Cookie Drop Methods||Yes|
|Cookie Drop Lifetime||90 Days|
|Trading requirement||Trade 2 Positions|
|Binary Options Variety||9/10|
|Easy to Use||9.5/10|
|Options Copy Trading||8/10|
|Official Website||Click Below “Visit The Official Website” Button|
Star exploring the main part with me:
Tropical Trade Broker Review: Main Review
For binary options trading, Tropical Trade uses Panda Trading System and that system avails more than 100 assets for trading to the traders. On the conventional trading of High/Low binary options, this broker offers a great return of 85%. Other types of options trading also offered by this broker what includes the One Touch binary options and the Range. For the high-speed trading and skilled investors Tropical Trade also featuring 30 seconds, 60 seconds, 2 minutes, 5 minutes and 10 minutes trading options.
A wide variation of currencies is offered by Tropical Trade for the Forex trades and all the major crosses including the US Dollar, The British Pound, Euro, Canadian Dollar, New Zealand Dollar, the Turkish Lira, and Swiss Franc with many others.
An investor has to deposit an initial amount of 200 dollars to open an account with the Tropical Trade broker. Compared with the other brokers of the industry who requires an initial deposit amount of 250 dollars or more, the Tropical Trade initial deposit amount for joining is pretty much attractive for the investors. After joining in the Tropical Trade platform to cope up with this system the trades will have 5 Risk Free Trades which is given by the broker. For the High/Low type binary options trading the highest payout is 85% which is impressive but on the type of trading options and on the expiry time this payout will depend. In some trades to a low payout of 60% the payout can drop. 5 dollars is the minimum trade size for Tropical Trade and 10,000 dollars is the maximum.
Know about the trading platform:
Tropical Trades Trading Platform
As we mentioned earlier, Panda Trading System is used by the Tropical Trade and on the investments of the traders to generate a higher margin of profits this trading system offers various tool. A completely web-based trading platform which does not requires any installations or download in trader’s devices. The user interface of this platform is simple and to access all the information quickly this system allows the traders. For ensuring that a long way they go, informed decisions they make and in the trading market Tropical Trade fully optimized their performance. Except for the average payout rate of 85%, a payout ratio of 70%-1500% is also offered by this trading platform. A very large list of trading assets it forms when they clumped together all of their assets which include Stocks, Currencies, Market Indices, and Commodities. The investors can choose from four different trading options in this trading platform and they are –
- High/Low Trade – From the list, the traders are expected to choose a trading asset for options trading and whether the price of this trading asset will up or go down to predict that uses the appropriate tools.
- Range Options – In this option traders can place a trade and within a fix parameters that will expire, and by the trading system that is dictated.
- One Touch Options – Allows the investors to determine that within a fixed time period whether the value of the trading asset will hit an upper or lower target.
- Hyper Options – A range of short time expires this option offers where within the given period of time the trades have to make their price predictions. Within a very short period of time, traders can make multiple numbers of options trades.
What about bonuses and account types?
Bonuses and Account Types
Several trading accounts are operated by this broker to tailor the exact need of the traders of this platform. For every type of traders of this platform, they cater imaginable starts from new ones to old ones. Tropical Trade operates the below types of account types:
- Basic Account – For the new investor of binary options trading industry Basic Account is a good one. This account type is also good for the traders who have few knowledge about binary options. 1,000 dollars is the maximum deposit amount for this account and from the huge losses, this saves the new investors.
- Professional Account – This account suits the traders who have more knowledge about binary options than the new traders and a little bit experienced. 5,000 dollars is the maximum deposit amount what gives them the freedom to trade more and at the mean time minimize the risk of their trades.
- Expert Account – This account type is for the expert and skilled binary options traders. Expert Account is the most popular account type of Tropical Trade and 10,000 dollars is the maximum deposit amount. This account type suits the experienced traders of binary options and for trading various options gives the traders more space to explore.
- VIP Account – For the highly skilled traders who have years of experience in binary options trading this account type is suitable for them. 25,000 dollars is the maximum deposit amount for this account. In this account, on a very wide scale, a large volume of options trades investors can do with this amount of deposit.
- Corporate Account – For the company level corporate investors this account type is suitable and in the terms of investment there is no limitation on deposit amount.
What assets this broker offering for trade?
Tropical Trade Trading Assets
|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/CAD, EUR/AUD, EUR/GBP, EUR/TRY, EUR/NOK, GBP/AUD, GBP/CAD, GBP/JPY, GBP/CHF, GBP/USD, GBP/USD-OTC, NZD/USD, USD/CAD, USD/CAD-OTC, USD/CHF, USD/CHF-OTC, USD/JPY, USD/JPY-OTC|
|Stocks||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, BMW|
|Indices||CAC, DAX, DOW, FTSE, NASDAQ, S&P 500, TADAWUL, Dubai|
Any robots for signal providing?
Trading Signals and Robots
Tropical Trade offers the signals free of charge and for that, they are well known in the industry. These signals featuring breaking trades specially and providing the traders the valuable information. Regarding the performance in the market of assets they give information and also gives the information of down or rise about the assets price. These signals are used by the traders to increase the ratio of their profits.
In this trading platform of Tropical Trade, a built-in facility features by this broker and this facility is the follow feature. This feature is most likely a tool of social trading. By this tool, investors can monitor their options trades and can research about their actions for trading binary options. Into this trading platform, the broker does not have a robot for trading.
Is their banking system safe?
Tropical Trade is well aware of the privacy and security of their customers especially about the financial information of the traders. By a secure and safe system all these information of the customers mainly the banking and personal details keep safe by a professional team who are experienced in their working sector. Like most of the brokers of the market the SSL encryption system also incorporated by the Tropical Trade.
Which methods they are using for deposit and withdrawals?
Deposits and Withdrawals Service
We mentioned before that 200 dollar is the minimum deposit amount in this broker and for using different types of methods this can be very effective. By using one’s credit card and debit card traders can deposit their money. This broker accepts various types of cards which include the Visa, MasterCard, Diners Club, Solo, Switch, Delta and some other types of cards. Both for deposit amount and withdrawals traders can also use bank wire system and Neteller online payment service. 20,000 dollars is the maximum withdrawal amount for the individual traders which is a pretty good amount of money. All the processes of deposit money and withdrawal are very simple and easy but here is one catch also, for an authenticating traders trading account they have to follow the regulations of this broker. When the account fully authenticated only after that a withdrawal request can be sent to them.
In a number of different currencies, this broker offered the account which includes the US Dollar, the Australian Dollar, the British Pound and Canadian Dollar. For the new traders who are confused to trade options, this broker offers trading education free of charge.
Any educational program?
Tropical Trade Academy
The traders have to be well aware of the actions of binary options trading when they engage in this options trading and this is very important for their trading business. The traders who are well informed about the market conditions do exceptionally well regarding the profits from their invested money. For this reason on the Tropical Trade Academy, this broker has invested a huge amount. There are many highly skilled and experienced traders in Tropical Trade Academy who helps the other traders to analyze the market condition according to trending market and for the binary options trading how traders can choose the best investment for them. This academy also educating the traders about the strategies of money management and in the time of options trading how to minimize the risk. This academy already passed long ways with the traders who are struggling with their options business, they build a high profile portfolio in the binary options trading market and with the impressive trading strategies they come up.
There is also a feature of one-on-one trading which is actually a practical trading lesson with a skilled trader who guides the new traders and for trading binary options in right ways with accurate strategies this helps the traders. New traders need this kind of training to be a successful trader. There is no alternative to learning and this broker giving the traders this opportunity with a library which contains training videos and many training eBooks. This help not only the new traders but also the skilled and experienced traders to update themselves with the changing market and from that they can acquire new know knowledge about the conditions of the binary industry.
In the binary options market this broker is a new one and for trading, they have no mobile app right now. The broker plans for building a mobile app for the Android, iPhone and iPad are now in progress and you will have the mobile app soon. For the traders, the mobile app is very effective and it’s also very popular too because it allows the traders to trade from anyplace anytime and can monitor their trades.
Trading Tools and Resources
On the huge array of trading materials and the resources of Tropical Trade, the trades can easily rely for their successful trading and they also informed about the next trade that when they should place it. This broker has a specific section where any traders can access and there this broker publishing the breaking news regarding financial news, binary options market news, trending strategies, new ideas, market analysis daily or weekly based and much more.
We mentioned before that Tropical Trade has an academy for trading education for the new traders and skilled traders also. Both types of traders can increase their knowledge and skills about binary options trading. These educational resources are in a different format which includes webinars, eBooks, text, and videos.
Along with all these materials, traders will also find other types of tools for trading such as the economic or financial calendars, comprehensive FAQ, glossaries and trading platform tutorials.
Tropical Trade is also well aware of the customers who wants to trade with mobile, for them they are developing a mobile app for the Android and iOS devices and will be available soon respectively on the Play Store and App Store.
Wow! Demo Account is available!
Tropical Trade is not providing a demo account for the new traders right now but they offer free binary options trading education from their education academy.
Here it is what you are looking for:
License & Regulations
We always check if the broker regulated or not when we reviewing a broker of binary options. For the broker license of Tropical Trade, we checked Cyprus-based CySEC or Cyprus Securities and Exchange Commission and in the United Kingdom based FCA. This broker is not regulated and licensed yet but they applied for it. Hope they will get their license in near future.
Let’s start trading but how?
Three simple steps to get started which stated below –
- Sign Up for Free – Register or signup with Tropical Trade free of charge and to open an authenticated account the traders have to all the legal information of them in this step.
- Start Trading & Earn Profits – Trades have to deposit to fund their trading account before starting the trades. After that traders can start their actions for trading and earn profits.
- Withdrawal Profits – Withdrawals profits is the final step. In this step traders can withdrawals their earned profits.
Here is the best part for you:
- Minimum Deposit Amount is low
- Withdrawals process easy and fast
- Impressive customer support (24/7)
- Encourageable welcome bonuses
- Accepts traders from the USA
- Average returns are 85% (85% is considered as high returns in binary industry)
- Huge list of tradable assets
- Attractive and effective trading platform
- Trading education academy for traders
- Several tools for trading and market analysis
This broker has a few catches also:
- Trader has to have a good Internet connection
- It’s a new broker in the industry
- Not licensed and regulated yet
- No automated trading system
Customer Support and Service
This broker has a very rich setup for the customer setup and registered traders of this broker can contact them anytime, it’s always open for 24 hours/7 days. There is also a live chat feature in this broker along with several other tools. Their support team assists the traders regarding all most any issues of the trading which includes queries, account information updating, profit withdrawals and much more. Traders will find more details about their customer support in the official website of this broker. Traders can contact the support team by phone or email if they need further help on any issue.
Read carefully before sign up:
Terms and Conditions of Tropical Trade
Before making the decision of start trading with a broker traders should read the terms and conditions of that broker very carefully and after that, they should create their account. We explore the terms and conditions of this broker and these are what we found –
- Traders must be 18 years old or 18 plus years to eligible of using the services of Tropical Trade
- Tropical Trade has the authority of refuse providing service to anybody for any cause
- When deposit amounts traders have to submit some documents like a valid passport scan copy with the owner’s signature page, credit cards details which will be used for deposit money, with the name and address of the trader a recent copy of utility bill, and an online transactions history of the traders signed by the proper authority.
- As the given signals come from the third parties for that reason the accuracy of the given signals is not guaranteed by Tropical Trade
Here are only a few points of their terms and conditions. It would be wise to explore their terms and conditions carefully before joining.
Now the burning question:
Is Tropical Trade a Scam Broker or Not?
After reviewing this broker we came to a decision that of course this broker is not a scam but for few facts the balance of their legitimacy ups and downs sometimes. About the complaints of the customers, they are a little bit less serious and this had been seen from the time they are in this industry. By a proper authority they are not regulated and licensed yet and this factor makes the traders worry though they are applied for their license. It is sure that they will get their license soon.
This broker offering free trading signals and many investors are cautious about this because some of the signals take the traders to a randomly generated number and this type of signals have no potential for valuable trades. This mainly happens in the unlicensed brokers though the ration of these type of signals is very low. Legit Binary Review is not stated that this broker randomly generates numbers always but it happens rarely especially in the new unlicensed brokers. Skilled traders are familiar with this type of signals and they know it’s not harmful. Traders should check the authenticity of the signals before using them for their trades not only for this broker but for all brokers.
However, all is not lost for this broker because based on customers reviews, they only need to fix the licensing issue and this might help them to hit the ground running.
Based on the reviews of the customer we can say this broker is going to be better and better day by day, the important task for them solves the license issue as soon as possible and this will help them to accelerate the services, their business and to increase the trader’s trust.
Tropical Trade Review Conclusion
If you confused to choose a legit broker where you can invest your hard earned money without any hesitation then Tropical Trade can be a solution for you. Learn about binary options trading and after that, you can join this broker, traders can also learn options trading from this broker and give this broker a try to take the good care of your investments. By all the major reviewers, the review site of binary options industry, this broker is reviewed. Skilled and experienced traders also tasted this platform many times in the short time of them in the market. This broker is capable of returning you a good amount of profit. All you have to do join this broker, learn to trade if you are a new trader and start trading using the given signals, tools, and your knowledge. Tropical Trade is one of the best brokers in today market. Traders can feel safe to do trading with this impressive broker.