Is TropicalTrade a Scam?

Last updated: March 6, 2017

TropicalTrade
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Summary

Tropical Trade is One of The Most Innovative Brokers
But is Tropical Trade a Scam-FREE Brokerage Company
Check Out 100% Unbiased Tropical Trade Review
Should You Trust Tropical Trade or Not – Read Below!

Read Full Review

Details

Broker TropicalTrade
Official Website URL www.TropicalTrade.com
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Scam or Not? Up to 100%
Payout 85%
Free Demo Account No
Account Types Basic, Professional, Expert, VIP, Corporate
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Neteller
Number of Assets 150+
Account Currency USD, EUR, GBP, AUD or CAD
Overall Score 7.3/100

Traders’ Notice: Our investigative team is to inform you that Tropical Trade has closed operations for the time being. We will continue our efforts into investigating this case. Our advice is that for the current moment you should sign up for the next best alternative.

This broker does not accept US traders. For another alternative – click here.


We did a thorough research on the Internet overall as well as dedicated trader’s forums trying to find negative comments about Tropical Trade, but so far it seems the broker is delivering to its client expectations. Our own attempts to act as secret customer have verified the summary provided above so far.

We do not want to blindside you and lead you into opening an account with Tropical Trade, what we are sharing is that, in our experience they have untainted image on the web. We were not able to identify or come across particular reputation-shattering details or examples/feedback from unsatisfied customers or anything of the sort. For more details you can read the full Tropical Trade review below.

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Is Tropical Trade a Scam?

Tropical Trade is a binary options broker whose main goal is to provide a professional and comfortable binary options trading experience to its clients. With an index of over 150 underlying assets and a platform with a variety of trading tools and features, Tropical Trade provides traders with all they need to build successful strategies and achieve good results.

Furthermore the broker has on its website a large resource of educational materials featuring online lessons, e-books, market analysis, strategy guides and one-on-one training sessions with experts. While we conducted our research we didn’t come across any serious complaints regarding the broker’s services, so it can be concluded that Tropical Trade is a reliable binary broker.

 

Review Verdict: Tropical Trade is NOT a Scam

Visit Tropical Trade Website

Trading Platform

Tropical Trade has one of the easiest to use platforms in the binary option industry. The interface is rated as user-friendly and easy to navigate based on several customer surveys. It is designed in specific light colors so that it soothes the eyes of the traders. It is packed with a variety of trading tools, including some customized features. The layout and easy access to features seems to be well thought of with a simplistic approach to minimize the complexity binary option trading is sometimes blamed for. Clients are provided with comprehensive, interactive charts, visualizing the situation on the financial market with great accuracy.

Tropical Trade boasts progressive features to take advantage of looking for different trading strategies. The following option types are available for trading: Up/Down (or Call/Put), 60 Seconds, Long Term, Pairs, and Ladder Options. The payout for Ladder Options could reach 1500% – you have to predict if an asset will “climb” or reach a predetermined price point in the future. On one side the profits are higher with Ladder Options, on the other trading with them involves higher risk, so traders should consider the risk in details.

Another useful feature of the platform is the Buy-Me-Out opportunity – effectively you can use it to close a trade even before the expiry time. The Rollover feature is not to be taken lightly or disregarded – it allows you to delay the expiry of the option and the Double Up feature facilitates the trader to duplicate a trade and respectively double the profit.

Review Verdict: Tropical Trade is NOT a Scam

Visit Tropical Trade Website

Trading Example

Account Types and Bonuses

Tropical Trade provides several types of trading accounts suited for different categories of traders.

  • Basic Account − This account type is designed for beginners or traders with little experience on the market. The maximum investment amount is $1000, which prevents novices from losing large amounts of money.
  • Professional Account − The Professional Account has a maximum investment amount $5000 and is suitable for traders with some experience in binary options trading.
  • Expert Account − This is Tropical Trade’s most popular account type. With a maximum investment amount of $10 000 it gives traders a wider range of options and the opportunity to apply advanced investment strategies.
  • VIP Account − The VIP Account is suitable for seasoned traders and the maximum investment amount of $25 000 allows them to trade with larger sums, which in turn leads to higher potential payouts.
  • Corporate Account − As it is clear from the name of this type of account it is designed to meet the needs of corporate clients. The investment amount here is unlimited and clients are provided with all they need to invest in bulk on corporate level.

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Tropical Trade offers various bonuses and benefits for new traders and loyal clients. Holders of all types of accounts, except for the Basic Account, are eligible for a Welcome Bonus, which provides them with additional cash to trade with. The broker also offers one time trading credits.

However, as the promotions and rewards are limited time offers, it is advisable to visit the Tropical Trade website to check what rewards are currently available. It is also recommended to read the Terms & Conditions to see if you need to fulfill any conditions once you accept a bonus.

How to Get Started?

  1. Free Sign-up − The first thing you have to do is to register with Tropical Trade. The registration is free of charge and you only have to deposit money in order to trade.
  2. Trade & Profit − Using the tools and features available on the user-friendly platform you can start trading and making profits.
  3. Withdrawal − The final step in the process is to withdraw your earnings.

Deposit and Withdrawal Procedures

Tropical Trade’s deposit and withdrawal procedures are fast, efficient and secure. The minimum required deposit to start trading with the broker is 200 USD/EUR/GBP/CAD/AUD depending on the currency you would like to trade in. Funds can be transferred via a variety of payment methods such as most internationally accepted credit cards, debit cards and wire transfers. There is a maximum deposit amount of $20 000 for transfers via credit card, but there are no limits for transactions via wire transfer.

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For making withdrawals Tropical Trade follows the strict industry protocol, which requires the verification of the trader’s account. This means that the trader has to send certain documents for identity verification purposes. More details about exactly what documents are needed you can find on the Tropical Trade website in the FAQ section and in the Terms & Conditions.

In order to withdraw your earnings you have to place a withdrawal request, which you can do by going to the My Account page. The maximum withdrawal amount is $20 000 and funds can be withdrawn only via the same payment method you use for making deposits.

 

Review Verdict: Tropical Trade is NOT a Scam

Visit Tropical Trade Website

 

Support Information

Tropical Trade has an excellent customer support team that can be contacted via web form, live chat, email and phone.


Traders’ Notice: Our investigative team is to inform you that Tropical Trade has closed operations for the time being. We will continue our efforts into investigating this case. Our advice is that for the current moment you should sign up for the next best alternative.


Conclusion

Tropical Trade’s platform is an example of excellence. It is equipped with the latest tools and features, updated version, responsive to mobile devices. As you may see in the video above it is also easy to use with user-friendly interface.

Tropical Trade is a new brand that has already succeeded to make a name and win the trust of its clients. The various payment options and free educational materials have contributed much for this.

We consider Tropical Trade as a trusted binary options broker which is able to make the trading a pleasure for anybody who uses their services.good choice isscam

5 Responses to “Is TropicalTrade a Scam?”

  1. A perfect system! Very reliable review, nice! Bet to it and dig in, people!

  2. I didn’t remember the email or password.Thank you.

  3. I have traded with a lot of brokers, some good, some horrible, but TropicalTrade is the only that has managed to make a loyal client out of me. They just have the perfect environment for trading, their offer is filled with special features and tools that are very helpful. I do not think I would change it anytime soon. Something horrible has to happen with their service for me to quit. You won’t make a mistake if you join it! 😉

  4. Heinrich Miller August 18, 2016 at 1:25 pm

    I would like to say how satisfied I am by the results of this binary options broker. I have not tried so many, but this one was the first to actually work.

    I am a civil engineer but after the global financial crisis things were not the same. I started searching online for a way to earn an extra dime. Tropical Trade is my answer.

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