THE HOT WINDOW
Tropical Trade Review
Investing in financial markets can seem like a hard work to many, or like a tropical breeze to some. It all depends on the broker with whom you place your business. You can be sitting on the edge of your chair every time you place a trade, or “earn money while sitting on your assets” as Tropical Trade broker claims. This cheeky statement is showing in its essence what kind of an experience you will get from this digital options brokerage company.
We should note in this Tropical Trade review that this brand new broker started its business in late 2015 and already gained a massive following of new and leisure traders. It’s free to use, as well as secure to trade and to transfer your money. It does not offer any kind of government regulation just yet, but for casual investors with relaxed attitude Tropical Trade might be a hit with its pleasant looking trading platform and friendly customer support.
|Welcome Bonus||Up to 100% bonus|
|Return Rates||Up to 85%|
|Tropical Trade Minimum Deposit||From $200|
|Trade Range||From $5|
|Types of Currencies used for Transactions||US Dollar, Euro, British Pound, Canadian Dollar, Australian Dollar|
|Option Types||High/Low, One Touch, Range, Hyper|
|Safety Net||Risk-free trades|
|Assets||Stocks, Commodities, Forex / Currency Pairs, Indices|
|Commodities||Gold, Oil, Silver, Copper|
|Forex||AUD/CAD, AUD/CHF, AUD/JPY, AUD/USD, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CHF, EUR/USD, EUR/GBP, EUR/JPY, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, NZD/CAD, NZD/CHF, NZD/JPY, USD/CAD, USD/CHF, USD/JPY, USD/NOK, BITCOIN/USD, BITCOIN/EUR, BITCOIN/JPY|
|Indices||CAC, DAX, DOW, FTSE, NASDAQ, S&P500, TADAWUL, DUBAI|
|Stocks||Google, Apple, Alibaba, Citi, Coca Cola, IBM, McDonalds, Ebay, Yahoo, UBS, Twitter, General Electric, JPMorgan, EXXON, Barclays, Vodafone, HSBC, BP, Daimler, BMW, ENI|
|Methods of Bank Transactions||Visa, MasterCard, Diners Club, Delta, Solo, Wire Transfer|
|Trading Platform||No download required|
|Supported Countries||All countries, where not prohibited|
|Tropical Trade Demo Account||Yes|
Tropical Trade Binary
Tropical Trade binary offers the very basic trading experience for new and upcoming traders, who want to experience a no hassle trading environment. The choice of assets is quite limited, but nonetheless sufficient to make profit casually. It is free to use trading academy with a large amount of learning material so that you can invest and learn on the go. It is complete with a video library, where you can learn from the best in the business, individual lessons with pro trades, the quantity of which depend on your account type and a standard e-book with a clear guideline on how to start profitable binary trading.
If you prefer on the go experience, Tropical Trade broker provides a mobile app for Apple and Android devices, which can be downloaded on the website, also chargeless. You can also request highly accurate trading signals to supplement you market analysis.
Tropical Trade Broker
It is worth mentioning in our Tropical Trade review, that this company has a wide range of deposit options, such as Visa credit or debit cards, MasterCard, Delta and Diners Club, Solo online platform for payments, and the industry standard Wire Transfer. The registration process is very straightforward. You need to provide your first and last name, email, create a password, state your country, phone number and deposit currency. After that, you will be prompted to a deposit page, where you have to choose the preferred deposit type. Depending on how large is your deposit amount, the company offers you an account type with special benefits. And from then on you are set to go and trade. In this Tropicaltrade.com review we want to note that you shouldn't forget to claim your bonus up to 100%!
Tropicaltrade.com Review - Account Types
Although Tropical Trade binary is aimed at beginners it does offer an extensive range of account types depending on the amount a new trader is willing to deposit. Let's discuss these types in details in this Tropical Trade review.
The Basic account starts with an initial deposit of $200 and offers a 20% deposit bonus. Support is provided by a junior broker. It also offers a basic education package.
Pro type of account with a minimum $2500 deposit provides a 35% bonus, support of a senior broker, 1 hour personal training session to get used to the broker's trading platform, basic and medium education package and main trading signals.
Gold account with $6500 deposit is a preferred account type for many and includes all of the above-mentioned perks, but in a more in-depth way, including executive broker support, three risk-free trades, three hours of 1-on-1 trading support, 3 education packages and signals for trading.
VIP account supports its name with a 50% initial bonus, personal broker and an advice from the analyst, five riskless trades, 7-hour training session and 4 educational packages. Individual signals for trading are the best offer, as with its help you will earn far more than your average traders.
Also in this Tropicaltrade.com review, our team should add that there is one extra unique account that is rarely provided by brokers and does not actually fit in the Tropical Trade image – Corporate account with $100000 minimum deposit. It offers 10 risk-free trades and the rest is similar to the VIP account. It does not seem to have sense unless Tropical Trade broker is planning to expand into corporate binary trading soon enough.
Tropical Trade Scam
Continuing our Tropical Trade review, we should mention the topic of Tropical Trade scam. One of the key issues with this broker is that it does not provide its physical address. It may cause some issues as it does not add to the credibility of a new options broker, but nevertheless, it doesn't mean that there is Tropical Trade scam. You can easily reach the company via phone, email, live chat and web-form. English is the only language it supports, but unlike with other brokers, you can change the time settings to suit your time-zone.
Customer support is overall friendly and helpful, but it can be reached only during weekdays. If you are faced with some issues in no-business hours, you will have to wait until Monday. TropicalTrade binary is the one you may want to have business with if you are new to digital options and you don't need to worry that there is Tropical Trade scam. Moreover, this broker accepts US users and provides traders with numerous possibilities and options.