TropicalTrade is a binary options trading site founded in 2015 by financial services company FLY Ltd. While operating out of St. Vincent and Grenadines. Despite their relatively recent entry into the market, they have quickly made a name for themselves, earning a reputation for their generous promotions, vast selection of assets, professional customer service, and feature-driven platform.
One of the major benefits that comes with trading at TropicalTrade is its 81% payout rate for successful trades. Also accounting for this broker’s surge in popularity is its education center, the TropicalTrade Academy. Here traders will discover a wide variety of helpful trading resources geared towards improving techniques and strategies. Included among their many trading tools are free webinars, market analysis lessons, video tutorials, and TropicalTrade’s free binary options trading ebook.
As part of the registration process, traders can choose from multiple world currencies in which to fund their accounts and withdraw profits – USD, CAD, AUD, GBP, and EUR. All transactions conducted on the TropicalTrade website are protected by sophisticated SSL encryption technology. With this in place, traders can trade confidently knowing their personal details and banking information are kept completely secure.
TropicalTrade supports deposits and withdrawals made with bank wire transfers and credit/debit cards, including Visa, MasterCard, Visa Electron, Delta, and Diners Club. To request a withdrawal, the broker’s financial department requires a verification process to authenticate the identity of traders and their banking details. Once verified, it can take up to seven business days for a withdrawal to be processed. The fee for a withdrawal varies by banking method. When made via credit or debit card, TropicalTrade charges a fee of only 3.5%, but when made via bank wire transfer, traders are charged a fee of $30.
Catering to traders of all types, TropicalTrade offers five different accounts, each with their own set of features, bonuses, and other extras. No matter what a trader’s background, or the level of their financial experience, TropicalTrade has an account that suits their trading needs. The entry level account at TropicalTrade is known as the Basic account. With this account, traders receive a 20% Welcome Bonus, a junior broker, and access to the education center. The broker’s additional accounts include: Pro ($2,500+), Gold ($6,500+), VIP ($50,000+), and Corporate ($100,000+).
TropicalTrade makes use of Panda Trading Systems technology. Their web-based platform enables traders to trade and profit from the world’s markets in a secure and efficient way. The platform’s interface is incredibly user-friendly and was customized for TropicalTrade to feature four different trading methods, including High/Low, Range, One Touch, and Hyper. Each method has its benefits and speaks to a certain type of trader. In addition to Mac OS X and Windows powered desktop computers, the platform is compatible with iOS and Android mobile devices.
Bonuses & Promotions
TropicalTrade offers a different bonus for each of their five accounts. These account bonuses range from 20% (Basic) to 70% (Gold). At this writing, TropicalTrade offers a 100% welcome bonus for new traders upon sign-up. Additional offers include five risk-free trades, as well as other benefits such as the broker’s education center, free webinars, one-on-one training and more.
TropicalTrade delivers a well-rounded trading experience. They offer a comprehensive education center, responsive and knowledgeable customer support, and a simple, yet profitable method for trading binary options that can offer real financial results.