TropicalTrade
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Overview

100% FREE & Detailed TropicalTrade Review by Experts
Is TropicalTrade a Scam Binary Broker to Avoid?
TropicalTrade Platform & Minimum Deposit – See Below!

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Details

Broker TropicalTrade
Website URL www.TropicalTrade.com
Founded 2015
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
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Neteller
Number of Assets 150+
Account Currency USD, EUR, GBP, CAD, AUD
Overall Score 8.9/10

Full Review

Nota Bene: Tropical Trade has recently gone out of operation. There is no official data as to why and how this has happened, just a notice that is present on the former website of the online brokerage. We are investigating the matter as of now and will keep users posted. If one wishes to keep on carrying out binary options trading, then he can do so by opening an account with another binary options broker.


Update: Traders from USA are no longer accepted. For alternative binary options broker – click here.

TropicalTrade is the new premier binary options broker that will let you earn money online from the comfort of your own home by choosing any asset you like. If you want to be sure that it is a legit broker or a scam, we suggest you to read the review below.
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Is TropicalTrade a Scam? 

TropicalTrade is proven to be a legit trading platform. It is offering you the opportunity to trade binary options as soon as you get started. This broker has actually made trading easy and profitable. It does not matter even if you are a beginner or an experienced trader. The brokerage has its own trading academy where it is teaching newbies everything about binary options trading and how to build a winning strategy.

There is also a lot of positive customer’s feedback provided which can make us conclude that TropicalTrade is one of the trusted and approved brokers.

Review Verdict: TropicalTrade is NOT a Scam

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Trading Platform 

TropicalTrade is offering investors with various tools to generate the highest return on their investment. It is offering every kind of assistance to traders for trading binary options with success.

Tropical Trade is a 100% web-based platform that does not require any download. The payout ratios range from 70 to 1500%. It is offering up to 200 tradable assets, whether it is indices, currencies, stocks or commodities. You simply have to make an initial deposit of $200 and start earning.

The trading platform of TropicalTrade is one of the most widely used ones for the purpose of binary trading. It is easy to navigate and can be used by experienced traders and novices alike, and it also provides a high level of trading security.

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Tropical Trade & Trading Opportunities

The trading platform has given you the option to choose from five types of trading:

  • The first type is high/low trade in which you are supposed to pick an asset from the list and use the right tools for predicting whether the price will go up and down.
  • The second type is a range that lets you place a trade, which will expire within the parameters determined by the system.
  • The third type is one touch that allows you to determine if the price of the asset will touch a lower or upper target in a specific time frame.
  • The fourth type is hyper that offers a range of short expires in which you have to make the price predictions.
  • The fifth opportunity provided by Tropical Trade is the Social Trading feature. It allows you to follow successful traders and see their winning rate, profit percentage, score determined by other followers and the trades executed. This way you can decide whether to follow them and copy their investments onto your account.

Some Statistics

More and more people become interested in following and copying their fellow traders. Still, there are not many brokers that offer this feature. Its popularity is in the fact that you can see how successful other investors are. Through social and copy trading, you can replicate this success onto your account.

Account Types & Bonuses 

TropicalTrade offers 5 types of trading accounts. The trader will get bonus too, depending on which account he chooses.

account-types

  • Basic Account – the Tropical Trade minimum deposit requirement for this account is $200, which is probably an industry low. The welcoming bonus is 20% of your initial deposit.
  • Professional Account – the accepted minimum deposit is $2,500 and the welcoming bonus you can receive is 35%
  • Gold Account – it starts from $6,500 and the welcoming bonus is 70%
  • VIP Account – the minimum deposit is $50,000. With this account, you get 50% welcoming bonus but you also receive 5 risk-free trades.
  • Corporate Account – starts from $100,000 and offers you a 30% welcome bonus. On the other hand, you get 10 risk-free trades.

How to Get Started?

Step 1: FREE Sign Up – once you get access to the platform, make the initial deposit of $200 and you will be able to trade immediately

Step 2: Choose an asset and the direction i.e. Call or Put

Step 3: Enter the amount of investment and the expiry time

Step 4: Invest, trade and wait for the results

Minimum Deposit and Withdrawal Procedures 

The process of depositing and withdrawals is simple. TropicalTrade accepts deposits through debit/credit visa, MasterCard and bank wire and the minimum deposit amount is only $200. The trader has to abide by some protocols for authenticating his account. Once the account is authenticated, you can send the withdrawal request. The maximum amount per withdrawal is $20,000. There are no hidden charges.

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Support Information

TropicalTrade is offering complete support to its traders. There is also live chat support system. General information such as updating your account information, contacting the team, withdrawal policies etc. are widely available on the website. In case you need more assistance, you can contact the team through email or the live chat to get your queries answered, and you can also call them for immediate communication.


Nota Bene: Tropical Trade has recently gone out of operation. There is no official data as to why and how this has happened, just a notice that is present on the former website of the online brokerage. We are investigating the matter as of now and will keep users posted. If one wishes to keep on carrying out binary options trading, then he can do so by opening an account with another binary options broker.


Conclusion

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Tropical Trade is a broker which allows you to get started with few simple steps. It also offers mobile trading. Additionally, the owners perform regular maintenance of the brokerage platform and regularly upgrade and refine the offer tools for investments.

The 100% browser-based TropicalTrade can give you a chance to invest safely in a very efficient trading environment.

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