Min. Deposit: $200
|None||Up to 81%|
The company was founded in 2015 by experts who have been active in the financial markets for decades and bring their knowledge and skills to this young start-up. The TropicalTrade platform is designed to appeal to traders from around the world and the broker’s services are recognized as some of the best in the industry.
Assets Available to Trade: 36 currency pairs, 4 commodities, 8 indices and 23 stocks.
Currencies Accepted for Deposit: USD, GBP, AUD, EUR, CAD.
Minimum Deposit Amount: $200.
Minimum Trade Amount: $5.
Demo Account: No Demo Account.
Accepts US Traders: Yes.
Accepts US Traders: Credit/Debit Cards, Electronic Payments, Wire Transfer.
Withdrawal Time Frame: From 3-5 business to process the request.
Support: Email/phone/live chat, in English and Arabic.
Bonus Structure: Deposit bonus varies. Check with Customer Support before depositing to confirm bonus offer.
TropicalTrade’s platform is operated by Panda and is entirely web-based. Its user-friendly website has already won the hearts of thousands of traders worldwide. TropicalTrade can be used on mobile devices, such as smartphones and tablets, by downloading the TropicalTrade application via the Apple store or the Android store.
The broker has put a diversity of trading method to the users’ disposal, including the popular High/Low feature or the more sophisticated One Touch and Range. With more than 100 attractive assets to be traded through many popular instruments, all users can be sure to find a trading method that will suit their specific style and needs.
Each of these methods presents different characteristics and offers different perks. The high/low appeals to most traders because of its simplicity and its average payout is 81%. The One Touch enables users to trade during the weekend, when markets are closed and its payout can go as high as 550%. As for the Ladder feature, its more sophisticated nature make it the perfect choice for those in search of a challenge and its payout can reach 1500%.
Deposits and Withdrawals
Transactions can be conducted via Credit card, Maestro, Solo and wire transfers, in USD, EUR, GBP, CAD and AUD. The minimum deposit is 200 of whichever of the five currencies you have chosen for your transactions. The maximum credit card deposit is $20,000 and wire transfers have no maximum.
In order to withdraw money, users have to follow certain procedures since TropicalTrade abides by industry protocols that require us to authenticate your account. This includes receiving the following documents from you: a driver’s license, passport, residency card, or a similar government-issued ID document, a recent bill or other official document that confirms your billing address (like a utility bill or bank statement). We need a copy of the front and back of all credit cards use to deposit into the account (with the first 12 digits and the CVV hidden).
Customer Support and Education
TropicalTrade’s support agents are available via email, phone and live chat, 24/6 from anywhere in the world.
The broker values education and, while binary options are known to be a very simple type of investment, online trading still requires a certain amount of skills. That is why, TropicalTrade has put together a very extensive series of tutorials and online classes for beginners and advanced traders. An e-book is also available to provide all the essential information about online binary options trading.
TropicalTrade’s brokers have gained years of experience by working in the financial market and are ready to put their knowledge and skills to use to help their clients make the most of their time on the platform.
TropicalTrade’s website is extremely user-friendly and makes online trading very appealing to new users. The many assets and trading methods available guarantee traders of all levels will find options to suit their trading styles and the broker’s rates and banking policy have made it one the most appreciated in the industry.