TropicalTrade is one of the best US Welcome Binary Options Brokers, with a great minimum deposit and generous returns.
- Minimum Deposit: $200
- Returns up to 85%
- Get 5 Risk Free Trades
- Web site
- Online since
- – US Welcome Broker
- – Low minimum deposit
- – Quite new (est. 2015)
TropicalTrade was founded in 2015 and is the newest binary options broker that accept US traders. TropicalTrade is owned by FLY Ltd (address in St. Vincent & Grenadines). Their payment services are handled by Cumberland Capital Ltd with a registered address in Liverpool, UK.
The broker has a great payout of up to 85% but there are some unique trading methods that can go up to 1500%. TropicalTrade has a great web based trading platform, that is easy to use and intuitive. The broker is currently working on their trading app, that will be available for iOS and android devices.
Tropical Trade offers more than 150 assets including currencies, stocks, indices and commodities. Their trading page includes real time updates and price movements, as well as trading signals. To use their trading platform you don’t have to download any software, as the trading is done directly on the web page.
In addition to all this, the broker also offers free signals on breaking trades. This means that you will get information on which asset values are likely to rise of fall. This way you can make a trade on these signals and increase your chance of winning.
Proper education is very important when trading binary options. TropicalTrade offers an education section on their website where you can learn more about trading basics but also advanced techniques. This means that newbies as well as advanced traders can find some good information here. They call this section TropicalTrade Academy and it contains the following: Market Analysis (11 lessons), Signals, Pro (10 lessons), Trading Central (1 lesson), Social Trading (5 lessons), Binary Option (13 lessons), Glossary, Options Strategies (10 lessons), Binary ebook.
Trading Types And Methods
There are four different trading types:
- High/Low: This is the classic type of binary options trading using Call/Put functions.
- One Touch: You have to decide if an asset price will touch a certain target in a given time.
- Range: Choose any or all the five target prices.
- Hyper: Fast-paced trading with expiry times of 30seconds – 5 minutes
Account Types And Bonuses
There are 5 accounts on Tropical Trade. Each trader gets and account status depending on his deposit:
- Basic Account: Deposit up to $1000 (no welcome promotion)
- Professional Account: Deposit up to $5000
- Expert Account: Deposit up to $10000
- VIP Account: Deposit up to $25000
- Corporate Account: Deposit $25000+
TropicalTrade currently has a 5 Risk Free trades promotion for new traders.
Deposits and Withdrawals
The minimum deposit on Tropical Trade is only $200 and you can deposit using Credit/Debit Cards (Visa, Mastercard, Solo, Maestro, Switch,Diners Club, Delta), Neteller and Bank Wire. The minimum trade on this broker is $5 and the payout is 85%. The maximum withdrawal is $20.000.
Tropical Trade offers accounts in following currencies: USD, EUR, AUD, CAD, GBP. A free demo account is also available to new traders who don’t want to risk their money right off the bat.
TropicalTrade Customer Support
The customer support on Tropical Trade is friendly and professional. You will always get a fast and competent answer from them. You can contact them via the live chat, phone (numbers in US, UK and Australia) and email: firstname.lastname@example.org.
Is Tropical Trade A Good Broker?
I think that Tropical Trade is a very good broker and not a scam. Especially for US traders, this broker is a great choice because they have everything you need: low deposit requirements, many payment methods, fast withdrawals, professional support team and an unbeatable 5 Risk Free Trades in addition to the free demo account. There really is no reason why you shouldn’t give them a try.