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TropicalTrade

TropicalTrade

TropicalTrade

Quick Review

Name TropicalTrade
Founded 2016
Legal Entity FYL Ltd
Turnover 81%
Minimum deposit $200
Bonus up to 150%
Full Address St. Vincent & the Grenadines, Kingstown, Stony ground
Phone +442035193856
Regulation No
Site visit site
E-mail send mail
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Trade in your comfort zone
TropicalTrade has a mission to revolutionize the industry
Blacklisted Broker

TropicalTrade, established in 2016, is a relatively new broker is the binary options trading industry. Nonetheless, it seems Tropical Trade has a mission to revolutionise the industry and has quickly gained a good reputation among traders.

Usually, traders are very cautious about trusting their trading activities with a new entrant in the field of trading. Therefore, we carried out the following review to ascertain whether TropicalTrade offers suitable conditions for binary options traders.

Keep reading because our review will reveal some interesting things about this broker.

Credibility

TropicalTrade is the trading name of FYL Ltd, a company that is headquartered in Kingstown, Saint Vincent and the Grenadines. During our review, we found out that the company operates under the British law.

Furthermore, we scoured the Internet for any complaints about the broker but failed to find any significant issues. Therefore, since its establishment, we can confidently affirm the broker has demonstrated high standards of credibility.

However, we noticed that the broker lacks sufficient regulations to operate in the U.S., Canada, Australia, Belgium, and France.

TropicalTrade Trading Platform

TropicalTrade Trading Platform

Tropical Trade has a very user-friendly web-based platform that provides traders with reliable and conducive trading conditions. If you need a platform that lacks unnecessary complexities and focuses on the needs of traders, then you could find the solution with TropicalTrade.

Furthermore, the platform has a wide range of trading assets, nearly 200. Therefore, you can comfortably choose to trade any asset that resonates with your trading style — currencies, commodities, stocks, or indices.

Trade Types

We conducted a detailed analysis of the trade types that TropicalTrade offer. Each of the trade types has unique merits that give you an opportunity to make good returns.

  • High/Low: With this type, traders select an asset from a list and, by using the right tools, forecast whether the price would rise or plummet in a given time frame, which is normally between 15 to 30 minutes, but can also be for the long-term. If your predictions are correct, you could earn payouts of between 70-81%.
  • Range: With this type, you will be placing a trade you expect to expire within the set rate parameters, either on a ‘Low’ position or on a ‘High’ position.
  • One Touch: With this type, you will earn profits when an asset price touches a lower or upper target within a prearranged time limit.
  • Hyper: With this type, you will have a range of very short expiries (between 30 seconds to 10 minutes) and be able to predict the market direction quickly. You need to be advanced level trader to make such transactions.

Account Opening

We never thought of having the experience of account opening being so smooth, convenient, and fast. The account opening procedure with the broker is very easy and can be completed within few minutes. The details of account opening were quite easy to understand and all the instructions were clearly mentioned.

We were required to provide some documents to verify our details. Thereafter, we were part of TropicalTrade, hurray!

A drawback we noticed with the broker is that it does not provide a demo account. However, it has a rich education academy together with extensive learning materials to assist traders curve a successful career, from the onset.

For deposits and withdrawals, TropicalTrade allows several secure and popular payment methods, including the major debit/credit cards and wire transfer.

Importantly, the broker follows the internationally acknowledged security procedures to guarantee the security of clients’ funds.

Types of Accounts

5 types of accounts

TropicalTrade offers different types of trading accounts to suit the varied needs and preferences of traders.

  • Basic Account: This type of account can be opened with a deposit of USD 200 and offers a welcome bonus of 20%.
  • Pro Account: This type of account can be opened with a deposit of USD 2,500 and offers a 35% welcome bonus.
  • Gold Account: In addition to all the features of the Basic and Pro Accounts, the Gold Account requires a minimum deposit of USD 6,500 and offers a welcome bonus of up to 70%. It comes with executive brokerage conditions and offers three risk-free trades.
  • VIP Account: This type of account requires a deposit of USD 50,000 and offers a welcome bonus of 50%. With the VIP Account, you will access executive brokerage conditions and benefit from five risk-free trades along with seven hours of one-on-one advanced level training aided by an analyst.
  • Corporate Account: This account requires a minimum deposit of USD 100,000 and offers a 30% welcome bonus. This is a serious trading account and offers ten risk-free trades.

Customer Service

TropicalTrade boasts of a team of highly qualified, dedicated and experienced professionals, who are out to make a difference in the binary options industry. They often go beyond their means to provide traders with all the necessary tools required to carry out successful trading.

Notably, the broker has a friendly and proficient customer support department that is available through email, phone, or live chat 24/7.

Pros

  • 24/7 professional customer support
  • Easy account opening process
  • Wide range of tradable assets
  • Backed by experienced professionals
  • User-friendly web-based trading platform
  • Secure and convenient deposit and withdrawal options
  • Availability of extensive education materials
  • High payouts of above 70% and can reach 1500% in some trades
  • Transparent and efficient operating conditions
  • Accurate trade signals

Cons

  • Relatively new in the broker industry
  • S., Canada, Australia, Belgium, and France traders not allowed
  • No demo account

Conclusion

Although relatively new in the market, TropicalTrade offers some things the binary options industry has been missing for a long time: excellence, trader-focus, and transparency.

If you are looking for a broker who puts the needs of traders first and offers good conditions to enable you trade with a peace of mind, then the broker could sufficiently meet your needs.

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Henrique - 2019-06-09 18:36:05

Most people who know much about binary options will attest to the fact that it is a simple way for you to take advantage of the price variations in the global markets. It also allows you to trade from anywhere around the globe at any time of day. The fact that there are many brokers in the market may leave you very confused as you try to figure out the best one to use. Many have fallen prey to unscrupulous brokers out to lure unsuspecting traders in the market. In case you are a victim to these scams, you are most likely trying to get your funds back, Contact : hackweb247 (AT) protonmail (DTCOM) to retrieve all your intial deposits from scam brokers.


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Agentmike - 2019-03-25 20:58:33

Binary options fraud is being committed by companies that encourage investors to make apparently simple bet on whether shares, currencies or other financial instruments will rise or fall in value. Thousands of pensioner are at risk of losing their life savings in a rapidly growing financial scam that British authorities are powerless to clamp down on Savers are investing their money in fraudulent online trading site offering the promise of potentially huge payouts with little risk attached. Pensioner Eddie Dave, a former self-employed IT worker, said he invested a total of nearly £70, 000 in a binary trading platform called GlobalTrader365 . Mr Danny said he was initially approached online by the firm in February 2017. He said that he felt his pension income might be improved by accepting the investment opportunity he said they were offering him. Like Ms Ablett, Mr Danny said he was assigned someone who identified themselves as a “broker” to trade on his behalf and made a series of investments over the course of several month.In December, he said he filed a request with the platform to withdraw his money, the majority of which had stemmed from his pension fund. He claims that request was denied and – like Ms Ablett – he said his account later appeared to have been blocked.Because Mr Danny had paid for some of the investments with credit cards, he said he raised a chargeback dispute with his banks, but they have so far been unable to help him.It’s disgusting and I feel so foolish to have fallen for it, ” says Ms Ablett. “For now, all I can say is that if my story prevents at least one person from falling for this, it was definitely worth telling…. Meanwhile In the absence of serious action against binary options fraud by UK authorities, Ethical Revolution Hacker has helped a couple dozen alleged victims of the industry reclaim a total of more than $10 million. The company has grown rapidly since it was founded in early 2014, in some cases by helping victims of its own employees.if you have been scammed by this fake broker i will advise you to contact for help cos its never too late recover your lost fund here is their contact web address ethicalrevolutionhacker. strikingly. com


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Hack Ethics - 2019-01-18 05:15:01

Most binary options companies out there are fraudulent. They are all scams. It actually hurts and bring tears to my eyes when I read comments of scammed victims ripped off by BINARY OPTIONS AND FAKE HACKERS. I know actually know how it feels and hurts to lose money you have worked half of your life for to invest with the thoughts of getting returns when you are retired. It was all a scam in the end. STOP BEING SCAMMED BY THESE BINARY OPTIONS AND FAKE HACKERS. The Cybersecurity has had enough of complains from clients over the months who has one way or the other being a victim of the BINARY OPTION OR RECOVERY SCAMS or any desired Hacking Services. I'm willing to put an end to these unbearable swindle scheme taking over the internet and taking a step forward to render solution to those affected and help them get every penny they lost. Hack Ethics is an experienced Private Hacking and Certified Binary Recovery Expert Organization with a spare master key that no one has. Service takes just within 48 hours. Hire an Ethical Hacking Expert who's professional and real. Specialized in any desired Hacking Services. CONTACT EMAIL OR SKYPE - HACKETHICS008@GMAIL.COM. Website - https://hackethics008.wixsite.com/recoverygenius


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Eli Patrick - 2019-01-13 19:03:22

Please avoid this company.I deposed money wuththem ad made a lot of profits,. When I made withdrawal request , it was denied, I called them to know the reason why it was rejected, they told me =to deposit more money, I refused and they closed my account. I had to reach out to taylorbrennan@consultant,com to help me recover all my money back. I thank God I have successfully recovered all my money back


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callumskei80atgmaildotcom - 2018-10-16 16:37:03

Terrible company and no hope of withdrawal after investing. Fortunately I was able to get my funds back with the help of a recovery firm. Happy to share my thoughts and experience.


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Jim deem - 2018-08-20 04:42:17

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Loretta - 2018-08-15 18:04:21

I recently recovered my investments trading binary options with this scam broker. I hired a professional to this effect. I will like to share my experience because it is the right thing. Feel free to reach out garciasloretta986 at gmaiI dot com