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TropicalTrade Broker Review 2023

  • Min. Deposit $200
  • Min. Invest $5
  • Return 85%

This broker is closed. 

With TropicalTrade broker, traders get a relatively new binary trading broker established in 2015. This brokerage company is owned and operated by Cumberland Capital.

In TropicalTrade review, we’ll provide detailed information on existing trading platform, its main characteristics and are they a serious brokerage company to trade binary options with. This broker presents traders worldwide a modern layout of the platform with a selection of different trading instruments.

Let us introduce you with more details further in TropicalTrade review.

TropicalTrade Special Features

What we learned in TropicalTrade broker review is how they provide customer assistance available 24 hours per day.

This seems like an exquisite opportunity for all interested traders who want to begin their binary trading journey with TropicalTrade to get a closer insight of the platform and ask for needed information anytime.

Minimum deposit with TropicalTrade is set to $200 and lowest investment per trade is only $5. In the case of successful trade, traders might get up to 85% returns. Also, there are several currencies which could be used in the trading process with TropicalTrade, such as EUR, USD, CAD, GBP, and AUD.

This broker provides its traders a long list of different assets to trade with. We can divide them into four main categories, such as stocks, commodities, currencies and indices. The complete list of underlying assets, traders can find under Asset Index tab.

Also, we haven’t noticed TropicalTrade demo account option on this platform. We believe the demo account is a very valuable trading feature, especially for traders novice who lack financial trading knowledge. We can only hope how TropicalTrade broker will realize the importance of demo account option on the trading platform.

TropicalTrade Account Types

This broker does offer several account types to their registered traders. These accounts differ one from another by its trading characteristics and the amount of required minimum deposit amount.

TropicalTrade Basic Trading Account

  • Minimum deposit $200
  • Junior account manager
  • Education package level 1

TropicalTrade Pro Trading Account

  • Minimum deposit $2500
  • Senior account manager
  • Education package level 1 and 2
  • 1 hr trading sessions 1-on-1
  • Binary trading signals on disposal

TropicalTrade Gold Trading Account

  • Minimum deposit $6500
  • Executive broker
  • Education package level 1-3
  • 3 hrs trading sessions 1-on-1
  • 3 risk-free trades
  • Binary trading signals on disposal

TropicalTrade VIP Trading Account

  • Minimum deposit $50000
  • Executive broker and Market Analyst
  • Education package – unlimited access
  • 7 hrs trading sessions 1-on-1
  • 5 risk-free trades
  • Personalized binary trading signals on disposal

TropicalTrade Corporate Trading Account

  • Minimum deposit $100 000
  • Executive broker and Market Analyst
  • Education package – unlimited access
  • unlimited trading sessions 1-on-1
  • 10 risk-free trades
  • Personalized binary trading signals on disposal

TropicalTrade Trading Platform

TropicalTrade review found that broker operates on PandaTS software, one of the common used in binary trading industry. It is intended for both professionals and inexperienced traders who are planning to invest in binary options.

What we discovered in TropicalTrade review is that this broker offers traders around the world several trade options, such as Hyper Options (trading with the expiry of 30 seconds), 60 Seconds, Range Options and High/Low.

Also, traders can choose between different times of expiry for the chosen underlying assets. Available times are 30 s, 60 s, 2 min, 5 min, 15 min, end of day and end of the month.

To provide traders more detailed information about how to trade binaries and on what segments traders should pay attention, TropicalTrade broker provides Education tab. Under Education, traders are able to use a variety of trading materials such as ebook, glossary, video library and binary trading signals on disposal.

Also, on TropicalTrade platform we noticed they provide traders a detailed FAQ segment. These questions and answers cover all relevant elements traders will encounter during the trading process, such as how to open an account, deposit, trading platform, available trading features and how to reach TropicalTrade support.

TropicalTrade Support Information

For this TropicalTrade review, we checked the quality of their customer support service since we find it is an important element of the binary trading journey for traders around the world. This broker offers several ways how to contact them:

  • Email [email protected]
  • Phone (New York, Sydney and London)
  • Web form (required field to fill in data: name, email, country, phone, and message)

It is important to mention how customer support at TropicalTrade broker is available 24/7 for all interested traders who plan to trade binary options on this platform. Live chat is the fastest way to quickly get needed information and is often used the option in terms of customer support.

Also, the platform is so far available only in English and Italian.


TropicalTrade Banking Information

To provide traders detailed information about the safety of trading platform, they prepared a Legal tab, where traders can find more thorough info about privacy policy and terms & conditions. To protect traders’ personal and trading financial data, they use SSL encryption.

What we have previously stated, required minimum deposit on TropicalTrade platform is $200.

Before traders make any deposits, they first need to confirm their trading account by providing following data: copy of ID card, proof of residence and credit card copy.

As seen from TropicalTrade review, traders will have the option to deposit in different credit cards and wire transfer:

  • Debit and credit cards – Mastercard, Visa, Delta, Diners Club, Visa Electron
  • Bank wire

Regarding fund withdrawals, a lowest amount which traders can withdraw is $1. There is no withdrawal fee for debit and credit cards, but for wire transfer, the fee is $25.

Withdrawals via bank wire might take up to 5 business days once withdrawal request is approved. Also, traders should keep in mind how selected currency while depositing, needs to remain the same as for withdrawing.

TropicalTrade - Review Conclusion

  • Variety of trading accounts
  • Withdrawal fee