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|Legal Entity||FYL Ltd|
|Bonus||up to 150%|
|Full Address||St. Vincent & the Grenadines, Kingstown, Stony ground|
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.
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.
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.
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.
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.
TropicalTrade offers different types of trading accounts to suit the varied needs and preferences of traders.
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.
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.Open Account