Is TradeThunder a Scam?

Last updated: February 27, 2017

Summary

Check This 100% Detailed Review of TradeThunder.

Binary Options Broker Established in 2015.

Complaints, Withdrawals & Promotions – Read Below!

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Details

Broker TradeThunder
Official Website URL www.tradethunder.com
Address 20-22 Wenlock Road, London, England N1 7GU
Support Number +44 2031501861
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $50
Minimum Trade Amount $1
Payout 85%
Free Demo Account Open FREE Demo
Account Types Standard, Premium, Pro, VIP
Deposit & Withdrawal Methods Visa, MasterCard, Bank Wire
Number of Assets 80+
Account Currency USD, EUR
Overall Score 3.2/10

Full Review

Trade Thunder is a new binary options broker owned by LGK Industries LTD, located at 20-22 Wenlock Road, London, the United Kingdom.

Their customer support can be reached 24 hours 5 days a week.

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Trade Thunder Features

The required minimum deposit you have to make in order to be able to trade is $300 which is higher than the usual for the industry. This will get a Standard Account type. On the other hand, the minimum trade size is just $1 which is not offered by many brokers.

Trade Thunder offers payouts of up to 90%, which is one of the highest in the industry. But this might be due to the fact that the winning rate you can achieve while trading through this broker is not so high. The high payouts are used as an incentive to keep traders on the platform.

tradethunder trading platform

Trade Thunder uses the Leverate BX8 trading platform. Leverate is a well known technology provider in the Forex industry with over 8 years of experience and involvement in countless projects. The trading platform is also very user-friendly and intuitive to use. But the broker does not offer a diverse portfolio of assets that you can trade with.

Trade Thunder Education Section

Even though Trade Thunder provides a wide variety of educational materials for both beginner and advanced traders, the accessibility is limited. You might need to upgrade your account type to get access to some of the more “advanced” materials of Trade Thunder.

Experts’ Opinion: Providing traders with a wide training center, available to anyone, despite their trading account type, is very important. This means that the broker does not intend on exploiting the inexperience of beginners.

One such broker, we think is a great alternative, is TropicalTrade. Follow the Link for a detailed review and a trading demonstration by our team.

Trade Thunder Deposits and Withdrawals

TradeThunder offers Credit/Debit cards and Bank wire as deposit and withdrawal methods. The withdrawal process is simple and but clients have reported delays in the processing of request. In order to withdraw funds from your account you have to send a copy of your ID and an address proof document, which is required because of the broker’s anti-money laundering policy.

The base currency of the accounts is USD and this is not subject to changes. When you transfer money in any other currency, it will be converted in accordance with the current exchange rate. But this might lead to differences in the converted amount and the actual deposit. Even though there are no clear signs of such malpractice, it is a possibility. We cannot guarantee the quality of the trading experience you might get out of using Trade Thunder for your broker.

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Is Trade Thunder Legit?

TradeThunder is a broker that is owned by LGK Industries LTD, with an address located at 20-22 Wenlock Road, London, UK. We would not say that the broker is a scam but it does not hold a license. Regulation is important for funds’ safety and trading security. Our team supports the opinion that much better brokers that are actually licensed and regulated could be chosen instead of Trade Thunder.

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Compare Trade Thunder

Here are a few brokers from our Top Recommended Brokers’ list that traders have accounts with:

24Option (read review) operates on an advanced trading platform. If you open a new account with them you get 3 Risk Free Trades, see here. Minimum deposit is $250 which makes them quite popular, read more.

CTOption (read review) is a broker using the Panda trading platform. CTOption offers FREE demo account, The Replicator Social trading software and binary options signals, see here.

FinPari (read review) is a broker using the Spot 2.0 platform and the minimum deposit is only $250. FinPari is a binary options broker since 2014, read more.

Trade Thunder Bonus

TradeThunder offers several bonuses to their clients. They offer welcome bonuses depending on the deposit of the client and his or her account type. But bonus schemes could be tricky. You have to make yourself very well acquainted with their terms and conditions, and bonus policy, before accepting one. We do not say that Trade Thunder will trick you, but a lot of scam brokers do it, misusing the fine print. That is why a bonus incentive should not be taken lightly.

Conclusion

TradeThunder is a suspicious broker which according to our research is not regulated by any authority. The extremely low amount of minimum deposit (only $20) makes us think that this is a trick to attract clients. Considering the fact that most of the brokers has minimum deposit of $200-250, this really looks like a scam to us.

We cannot say for sure if TradeThunder is reliable or scam but we advise you to proceed with caution and be careful if you decide to open an account with this broker.Neutral_stamp_130x130px

4 Responses to “Is Trade Thunder a Scam?”

  1. Wessel Wolmarans May 12, 2016 at 2:45 pm

    I can not agree that Trade Thunder can be trusted, my experience with them was totally different.

    This was somewhat odd, I placed a trade and lost, though the odd thing was and I note this a couple of times with TRADE THUNDER that there platform or let me say only my trades places stopped at times just before the expiring time although the time has run out causing a loss, it is if someone is manipulating the trades, I decided to refresh the page just to find I had lost this trade which were absolutely impossible.

  2. i fully agree with the comments written above usually these brokers manipulate the trading platform and the winning converts into loosing.I have an same experience with IQ option.They do the same tactics.

  3. Hi All, I have read Wessel Wolmarans and Zahid , comments and I can agree with you fully, I taught I was a bad trader , but have done over 1169 trades in 6 weeks since I signed up with Trade Thunder. With a initial deposit of $ 250 , I could not achieve acceding $250.I have taken Screen Shots of the trade platform and my closed trade and sent it to support , with NO response . I have seen trades that I know must win , result either in a tie or a loss. When I came back from the one commodity to a next and come back to that same commodity there is a different chart running . I have tried there online support with no luck, it is always offline…I hope that someone could help some where because innocent traders are ROBBED of their money , and I can proof it. Cheers

  4. I opened an acct with Trade Thunder about 8 months ago . Won trades and lost trades overall up about $ 275 —-fine . Need to close acct . They say they can’t close acct and return funds to my credit card because its been more than 6 months that I used my credit card? and their system will not allow that !
    They said that I had to furnish my Bank Information so that they could send the funds to my Bank. Well that’s been 3 weeks ago — no funds — will not answer emails — I guess they plan on keeping my money —– DO NOT GET INVOLVED
    WITH THESE !!!!!!!!!!!!!!
     

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