Trade Thunder Review

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Trade Thunder Review

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    The binary options trading has come a long way over a short period of time and has prompted many brokers to join the bandwagon. Tradethunder is also a new addition to the host of other binary options broker, which offers a variety of services to the global client. The main reason for the review of the TradeThunder is that it accepts registration from the United States nationals. The article discusses in detail the various pros and cons of the TradeThunder so the readers can take an informed decision.

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    This Review Contains Following Parts:

    • Trade Thunder Review 2020
    • Different Accounts Suit Different Clients
    • Trading Platform
    • Demo Account
    • Payment Options
    • Banking
    • Withdrawals
    • Education Center
    • Customer Service and Support
    • Deposit Bonuses
    • Our Final Thoughts
    • References And Further Reading

    Trade Thunder Review

    Tradethunder was established in 2020 in the United Kingdom. The company is owned by Thunderstruck Investments Limited and it is located at 3 rd Floor, C&H Towers, Corner of Great George and Great Marlborough Streets, Roseau 00152 Commonwealth of Dominica. Tradethunder also boasts of being one of the first binary options broker powered by Leverate’s Bx8 platform. Leverate is a well-known name in the forex trade industry and provides multiple solutions to trading services. Tradethunder’s processing is being handled by Quetro Services GE from Nutsubidze Plateau 6, Tbilisi, Georgia.

    A discussion with their support service revealed that they do accept registrations from the United Kingdom and the United States besides other countries. This is very heartening for the traders from the United States, as there are limited brokers who are accepting their registrations.

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    Trade Thunder main page

    The website and the platform

    The website of the company is prominently in black, red and white colors to catch your eyes. When you open the homepage of the website you can see login details along with few tabs about various options. On the front page has a transition screens showing scrolling pictures with messages regarding the benefits of trading with the broker. On the same page at the bottom of the screen, scrolling currency pairs with their pricing are put along with informational messages. The site has one prominent feature which is almost intruding, is support options. It has live chat option put up on the right side of the website and also has a bottom drawer for the same chat option. Its support option on the right also includes call back option for the customers.

    The site compared to other binary options broker lacks a lot of features including a demo account options. To trade in a demo account, you have to register on the site to go for a demo while a lot of competitors offers a demo on a click of a button and without registration. The website features tabs with the trade now, open account, banking, and education options amongst others. The navigation from one screen to another is simple and easy and can be learned fast. The site provides a lot of education information like what are binary options? Why binary options? How to trade? FAQ and economic calendar. Besides offering the website in English language, it supports Deutsch and Spanish. The website is well laid and gives a sense of simplicity and easiness.

    The simplistic design is also used in the way trading is conducted. It offers one-click option trading through its powerful Leverate Bx8 platform. Leverate with over 10 years’ experience of forex trade market and over 150 forex broker using their platform, has developed this software to provide complete comfort to the end user. Traders are offered to trade “high/low” binary options by just clicking on either high or low button. The trading screen of the platform shows four separate assets and provides an option for very fast 60-sec trade. In the trading window, everything is laid on a single page so you don’t have to jump from screen to screen to complete the transaction. The well-laid screen also provides your financial information on the same page.

    The site offers “High/Low” binary options for the trade, and once the asset and duration have been chosen the trader just needs to click the high or the low button at the bottom to execute the trade. Currently, it offers more than 80 assets under four categories of currency pairs, stocks, indices, and commodities. TradeThunder can be accessed through any windows based browser and is not available for MAC environment. You can register your account without making a deposit and visit the trading room on the site.

    trade thunder platform

    Deposit and withdrawal

    The company offers basically two types of deposit methods; credit card and wire transfer. The company accepts any Visa or Master credit card to deposit and withdraw funds and has not deposit charges. Though the company offers minimum deposit amount of $20, it recommends depositing $200 for its standard account with some good benefits. The company limits the maximum deposit amounts to $5000 and for more than $5000 deposition you need to get the help of their ever attentive support.

    The company asks for ID to confirm to the KYC requirements but doesn’t provide details on how much time does it take to complete the formality. The withdrawal in the site is through the support services and takes about 3 to 5 days, which is a little longer than the other binary options brokers. Though it does not charge any fees on withdrawal, it has caps of minimum withdrawal amount. The minimum withdrawal amount for credit cards is pegged at $50 and for wire transfer, it has been kept at $500. This is a bit let down, as competitive options broker allows you to withdraw as low as $10 and even less, for some specific cases.

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    Accounts, Sign up and Bonuses

    The website offers easy and convenient signup with generic fields for the new customers. The company requires you to put your name, email, country of resident, currency choice, date of birth, full address and asks you for your ID to complete the Know Your Customer requirements.

    The site has ‘refer a friend’ program under which if you invite your friend and, he registers and makes a deposit of more than $300, you receive $50 bonus. TradeThunder also gives free risk-free trades on deposit above $500 to its clients. Currently, the website offers bonuses not only in monetary terms but also with some well thought out goodies through its variety of accounts. The various accounts with their benefits are listed hereunder:

    • Standard Account
      • It requires $200 as minimum deposit
      • It gives up to 40 percent of initial deposit amount as bonus
      • It allows you to attend 2-free webinars
      • It provides Weekly Market Review from the TradeThunder
      • It gives you an access to education center on the binary options trading.
    • Premium Account
      • It requires $600 as minimum deposit
      • It gives up to 60 percent of initial deposit amount as bonus
      • It allows you to attend 4-free webinars
      • It provides Weekly Market Review from the TradeThunder
      • It gives you an access to education center on the binary options trading.
      • It offers 3 risk-free trades
      • It gives you a free access for 2 weeks to its proprietary signal services.
    • Pro Account
      • It requires $1000 as minimum deposit
      • It gives up to 75 percent of initial deposit amount as bonus
      • It allows you to attend 6-free webinars
      • It provides Weekly Market Review from the TradeThunder
      • It gives you an access to education center on the binary options trading.
      • It offers 5 risk-free trades
      • It gives you a free access for one month to its proprietary signal services.
    • VIP Account
      • It requires $5000 as minimum deposit
      • Max trade amount to $500
      • It gives up to 100 percent of initial deposit amount as bonus
      • It allows you to attend all webinars absolutely free
      • It provides Weekly Market Review from the TradeThunder
      • It gives you an access to education center on the binary options trading.
      • It offers 5 risk-free trades
      • It gives you a free access for a lifetime to its proprietary signal services.

    Trade Thunder payment methods

    Payouts & Trading

    The trading platform provides only one type of binary options that is High/Low options. These options have payouts up to 90 percent of the invested amount, this is quite competitive and is in the upper strata of industry standards, with the lowest possible investment amount of $1. This is a good option as it allows to do more number of trade for the value of deposits compared to a lot of other brokers.

    If you are a swift trader and prefer a fast paced trading options than you will not be disappointed with TradeThunder as it provides various faster expiry options such as 60 seconds amongst others. It is also suitable for professional traders as it provides trading in various assets. The combination of one-click operation and fast paced transaction can provide you a high adrenaline rush. It also offers, the binary options with an expiry time of 5 minutes, 15 minutes, 30 minutes and 1 hour to suit your requirements. This clearly means that the platform targets a specific set of traders who wants to exit fast from the trade and offers limited or no option for the long term traders who keep their position open overnight or even for a couple of days.

    Trade Thunder economic calendar

    Support

    The benefit of a good broker is that there will be processes and instructions in place in the case should you require support from the TradeThunder team. The company is located at 3 rd Floor, C&H Towers, Corner of Great George and Great Marlborough Streets, Roseau 00152 Commonwealth of Dominica. It is also heartening to see that the business offers service support to its clients over a phone (United Kingdom: +44-2031 501 861, Canada: +1-613-8007 560 and the United States: +1-646-755-6101), e-mail and also through live chat. The customer support is available 24 x 7 and the support team is responsive too. The company also offers call back option to its clients for their various account opening requirements.

    Though the company’s website is available in English, Deutsch, and Spanish, it supports no other language which may be a big letdown for other language speaking clients. The company provides detailed FAQ to resolve all your queries and support through email or phone, one of the most heartening things is that it does provide the web chat options. In an online scenario, web chat is one of the most convenient and faster options to resolve your queries and which is a must when real money is involved in it. Though I had used live chat for registration and their response was swift, I cannot comment about the after sales service part of the support system.

    Most of the customer reviews we have seen have written only good experience but in some of the customer reviews, we found that there are complaints which have surfaced regarding glitches on the site, but that is expected as for any new broker.

    Trade Thunder Support

    The Verdict

    The TradeThunder offers clear advantages specifically to the United States clients as there aren’t many who accepts registration of the US residents, but when it comes to other nationality it seems restrained. The ease of operation on the site, the competitive cost of trading, the support system of the site, and the processes it follows, makes it a good broker. But on the other side, no mention of license for being broker creates some doubts. Also, the focus of the company seems to be more in the US, the UK, and the Canada client, and on day traders, which makes the long-term traders and traders from other nationalities choose it carefully.

    The limitations prompted me to check other top binary options broker like IQOptions and Banc de Binary, in order to provide comparative information.

    The IQOptions has one of the most intuitive websites and provides learning tools for the newbies. It also has excellent payouts up to 91 percent and allows to deposit as low as $10. Also, it offers minimum investment trade of $1, which is the lowest investment amount allowed per trade by binary options broker. Though it offers a maximum investment per trade at $1000, it has lowest trading amount per option trade is as low as $1, making it the best retail binary options broker. It offers a choice of accounts like the free account, the real account and the VIP account with a plethora of services and options for the traders ranging from newbie to professional binary options trader.

    The another one is Banc De Binary, which is one of the oldest binary options brokers who has been around since 2009. It is also known for its generous bonuses including up to 100 percent sign up bonus, referral bonuses, and surprise bonuses which are offered at a will by Banc De Binary. It also offers generous payouts ranging from 60 percent to 91 percent of invested amount. The minimum deposit starts from $250 whereas it allows trading as lows $1 per trade, while maximum investment amount is capped at $6000 per trade. It also offers a variety of accounts to cater to the needs of varied types of consumers; the micro silver accounts for beginners, the standard gold account for intermediate level traders, the personal management account for high-frequency professional traders and the premium account for full-time professional traders. The highlight of the Banc De Binary is that it offered a tailored account for Muslim traders termed as the Islamic trading account which is formed on the principles of Hibah. It also offers an intuitive trading platform with tools to learn the binary options trading for beginners. It offers the highest possible resources about 200 to transact including currency, commodity, precious metal, stock indexes and stocks.

    Overall, considering all the aspects of the binary options trading, TradeThunder offers a distinct advantage for the United States residents, as it accepts their registration and allows them to trade on its platform. The US residents have very limited choices in terms of the binary options trading, and hence this can be a good option for them to trade on. But for the rest, I would recommend going for a regulated broker like IQOption, who are well established and has a reputation of being the best in the business.

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    Trade Thunder Review

    TradeThunder – Broker Review and Trader Feedback

    Attention! Since year 2020 TradeThunder works under the brand Binomo

    TradeThunder was founded in June 2020, as the first broker based on the Leverate BX8 Platform. The objective of TradeThunder was to bring an innovative transparent Binary Option broker option to the all interested investors. They have worked closely with the underlying developers to create a platform that brings to the trader what the trader wants and needs in terms of their offerings and function ability of the platform.

    1. TradeThunder – the ease of trading

    One of the newest trading platforms with the most unique trading interface that is seen in the market allows the trader an exciting and comfortable trading experience. The trading room offers call (high) and put (low) binary options in different asset categories (indices, currencies, stocks and commodities). TradeThunder has recently added long term options including end-of-day, one month, two month, four month and end-of-year expiries.

    2. Advantages and disadvantages

    Innovative Trading Platform: an exceptional trading experience with its incomparable trader marketplace view. It has worked closely with the designers to continue to advance the users experience.

    Low minimum deposit: one can start trading with a deposit of as small as $20 with a minimum undertaking of $1.

    Demo accounts: with a free demo account, traders can try out the platform and get familiar with it and see one that differs from those that traders are familiar with.

    US Traders Accepted: TradeThunder accepts traders from all locations including the US, excluding Canada and Israel.

    One-Click Trading: TradeThunder offers a unique feature to the binary options market. This feature allows you, after setting your personal preferences for trading to execute your trade with the click of one button. This allows for faster trading.

    A limited number of assets: at the present time TradeThunder offers only 68 assets. They have conveyed to us their intention to add more assets soon.

    Platform Issues in the past: TradeThunder has been around for about 18 months. There were some stability issues initially that have been resolved. BX8 was sold by Leverate to Pandora, LTD who is committed to continued advancement and dependability of the platform in the future.

    Across Device Limitations: TradeThunder’s platform works well on all PC devices as well as Android based mobile and tablet devices. There have been issues from time to time on the IOS system.

    3. Trading conditions

    TradeThunder’s model is one of a minimum deposit broker. This allows novice or beginner traders to test their trading ability for a smaller financial commitment. With deposits as low as $20 and trades from $1 anyone can try out TradeThunder and judge the platform on their own. TradeThunder also allows for deposits of larger amounts and a maximum trade of $500 at this time so it is appropriate for more seasoned traders as well.

    TradeThunder has a variety of option expiration times available to traders. There are the classic expiries between 5 and 60 minutes. They also offer the highly popular 60 second options. As mentioned above, TradeThunder now offers End-of-day expiries as well as long-term expiry opportunities from one month to end-of-year.

    4. Underlying assets

    TradeThunder offers a variety of tradable assets in the major asset categories mentioned above. Although the number of assets is lower than the average binary option broker, their offerings make available most of the highest traded assets in the market. We hope that TradeThunder comes through with its commitment to enlarge their offering soon. If a trader does not see an asset that they would like to trade, they are free to contact TradeThunder and TradeThunder will try to add the specific asset requested in a reasonable time.

    5. Trading platform

    TradeThunder was the initial and most successful broker to have started its operations on the BX8 stage. TradeThunder’s management has had years of experience in the binary options market and has brought their input to the BX8 management and has and continues to have influence on the further development and advancement of the platform. TradeThunder states that trader input is invaluable and is willing to bring that input to the BX8 management and developers.

    6. Mobile Trading

    As mentioned above, one of the drawbacks of the TradeThunder platform is its non-stability on the IOS based devices. TradeThunder is working to address this issue and finish development regarding this to have stability soon.

    7. Demo account

    TradeThunder offers a free Demo Account to all its registrants regardless of deposit or not. The Demo platform is identical in every way to that of the “real-money” platform which allows potential traders to get the true feel of the TradeThunder experience. The demo account starts with a balance of $1,000. If that amount is used up a refill is offered upon request.

    8. VIP accounts

    TradeThunder offers a diversity of packages available to depositors with advantages and benefits for all levels of investors. These packages are available for account holders of $200 or more. They present a Pro account for depositors above $1,000 and a VIP account for investors of $5,000 or more.

    9. Opening an account

    When registering for an account with TradeThunder, all you have to do is fill out the information requested on the Open Account Page. You will receive an email confirming your account has been open. Every account that is registered has immediate access to a demo account through a link that TradeThunder’s customer support will provide you or you can ask for it from the Live Chat. Depositing is quick and easy and can be made on the website or through the trading platform directly.

    10. Funds withdrawal

    To request a withdrawal one can go to the Refund and Return Policy page and simply click on the Withdraw button to initiate the withdrawal process. One must be logged in to the web site and all that is needed to supply is the withdrawal amount requested. Before any withdrawal can be completed, all KYC documents must be supplied and reviewed. Once the documents are approved, the withdrawal process will begin. Any withdrawal up to the amount of the deposits made will be refunded within 48 hours. Additional funds will be reviewed and process within 3 to 5 business days. You can see the details of minimum withdrawal amounts and methods of withdrawals on TradeThunder’s site.

    11. Trader training

    TradeThunder offers training for its traders through its Educational Center. There are videos and various pages on subjects from simple “What are Binary Options?” to trading strategies. TradeThunder will not advise a trader as to what trade to make at a given time nor will they trade for a customer under a managed account. They do however provide daily asset indicators regarding certain assets that indicate if they think that the asset will move in a certain direction on the following day based on its movement in the past. They will not however indicate a specific price or expiry time for a trade to be made. This is up to the trader themselves to review what is provided and to do additional research to make their decision.

    12. Should I trade with TradeThunder?

    TradeThunder is a user-friendly platform that makes the easy world of trading binary options easier. With their minimum deposit approach, it is a platform that can be accessed and used by all traders from beginners to advanced traders. With their free demo offering you are free to test their platform without any financial obligation and see what they are about. The main concern is the instability on IOS devices at this time. With a platform that is continuing to add to its offerings, we are interested to see what other features they will bring to the market like their 1-Click trading feature.

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