On-line since: 2015
Country of origin: Saint Vincent and the Grenadines
Regulation: -
Payment options: Visa, MasterCard, wire transfers, Delta, VISA Electron
Minimum account size: $200
Minimum lot size: 0.01 lots
Leverage: -
Spreads: -

Spreads: —TropicalTrade is a trademark which belongs to FYL Ltd financial company with headquarters in Kingstown, Saint Vincent and the Grenadines.

Binary options trading with TropicalTrade is based on Panda Trading System which enables social trading.

Types of accounts

TropicalTrade clients may get Welcome bonus if they open one of five available accounts.

Basic is the type of an account with the lowest deposit of $200. Account Pro is for traders who deposit from $1,000 to $5,000. Deposit for Gold account is from $5,000 to $10,000, and for VIP account the deposit starts from $50,000. There is also a possibility to open an account with the deposit of $100,000 which was created specially for corporate clients; it has no limits.

Options types

High/Low is the simplest financial mechanism to be used. Using it a trader has only to forecast the trend. Profitability of such options trading is up to 81%.

One Touch is the type when traders forecast whether the price of an underlying asset touches any of two set prices at least once until the expiration of the options. In case of a successful order close, profits may get up to 81%.

Range is an option type which resembles One Touch. Using this type, traders have to assume whether the price of an underlying asset is trading within the range of two price ranges for the whole trading session. Gains are up to 81%.

Hyper is an option type which resembles High/Low type, but in this case the term of expiration is very short, in the range of 30 second to 10 minutes.

Trading assets

Currencies: AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, AUD/USD-OTC, BCoin/USD, BCoin/EUR, BCoin/JPY, BCoin/GBP, CAD/CHF, CAD/JPY, EUR/JPY, EUR/JPY-OTC, EUR/USD, EUR/USD-OTC, EUR/CHF, EUR/USD, EUR/AUD, EUR/USD/CAD-OTC, USD/CHF, USD/CHF-OTC, USD/JPY, and GBP/USD/JPY-OTC.

Shares: Apple, Alibaba, Citi, Coca-Cola, IBM, McDonald's, eBay, Yahoo, UBS, Twitter, General Electric, Facebook, Exxon Mobil, Barclays, Vodafone, JPMorgan Chase, HSBC, ENI, BP, Daimler, and BMW.

Indexes: CAC, DAX, DOW, FTSE, NASDAQ, S & P 500, TADAWUL, and Dubai.

Commodities: gold, silver, oil, and copper.

Trading instruments and resources

TropicalTrade has created a section where traders may get access to the financial news, daily and weekly analytical and market reviews as well as to some trading strategies.

TropicalTrade provides its clients with the educational center where newcomers and experienced traders may continue to master their binary options trading skills. Some educational materials are presented in the form of guidelines, e-books, videos, and webinars.

Apart from these resources, traders may get access to various trading instruments, i.e. financial and economic calendars, instructions for working on a trading platform, and the glossary.

TropicalTrade accepts payments in the following currencies: USD, EUR, GBP, AUD, and CAD. A maximum deposit for wire transfers is not imposed, however, traders may replenish more than $20,000 with a credit card. The minimum deal size is $5 and the maximum one is $500 for High/Low, One Touch, and Range options and $500 for Hyper. Traders may withdraw funds using the same means as for replenishment but no more than $20,000.

TropicalTrade clients may connect to the support service via email, contact form on the website, online chat, and telephone. The website is available in Italian and English languages. TropicalTrade does not work with clients and their funds from the USA, Canada, Australia, Belgium, and France.

There are reviews of TropicalTrade binary options forex broker on the this web page.

Add your review

Comments about broker

Mahiya trader
review Tropical Trade
15-06-22

TropicalTrade is an honest broker, their platform is also easy to use and makes me able to earn profits. Many times I earned profit and made withdrawal requests they always process it on time, I always get money within 6 hours through my debit card. They provide the best service, which makes me comfortable trading with them. They don't have any delays for everything, and also no hidden commission. Trusted broker, I never face any difficulty during trading. I recommend TropicalTrade.

Judie trader
review Tropical Trade
09-12-21

I appreciate the smooth-running platform of TropicalTrade but the trading fees are just too unreasonable. As a small trader, I cannot afford to make trades with atleast 10pips of spread. This is a total deal-breaker.

Wendy trader
review Tropical Trade
03-09-21

I have been trading with TropicalTrade for a year. The features that this broker offers are on the top level. They are a reliable broker. The spread is relatively low, the customer support team is responsive, the withdrawal and deposit transactions are processed quickly, and educational materials are available. And I like the platform quality, it's always stable, especially during high volatility, it's also profiting well, and that's good enough for me. I earned more than $200 each trading.

Caylee trader
review Tropical Trade
23-03-21

I want to share my experience with Tropical Trade and I will be very honest. This broker has a great trading platform. It is stable and easy to use. However, the fees are just to high. The spread is not fixed so when the volatility is high, it goes up to 15pips. This is too much for me and it was also the reason I closed my account.

Jemural trader
review Tropical Trade
15-03-21

I am having a terrible experience with TropicalTrade broker. Three months ago, I started option trading with their demo account everything was working rightly. After one month, I switched to live account and deposited $540. In my real account, all trades started having very large delays that would cause me to have more losses than I should have had. I lost my $214, only for their awful software. I will never invest here anymore! Would not recommend TropicalTrade broker!

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