TropicalTrade Bonus

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TropicalTrade Bonus

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TropicalTrade belongs to binary brokers with excellent customer support and high payouts. We have searched for bonus promotions directly from their TropicalTrade agents. They offer extraordinary customer support, with welcoming agents who gave us an excellent welcome bonus. Usually, traders get better deposit opportunities when they first contact TropicalTrade customer support. Clients will get a special link with customized promotion made especially for them. In our case, the agent offered us 150% welcome bonus. Read TropicalTrade review.

TropicalTrade Bonus Categories

To start trading with TropicalTrade traders need to invest minimally $200, which is considered to be market industry average. Depending on account type trader chooses, TropicalTrade will provide different promotions and welcome bonuses.

We have been searching what TropicalTrade has to offer and we found a classical assortment of accounts which is more or less same as it is with other binary leaders.

Traders will be happy to know that TropicalTrade provides a whole set of welcome bonuses which are different for each trading account. Every account is tailored to suit client’s requirements. The great offer of bonus shows broker’s intention to attract new traders who are interested in investing in binary options.

TropicalTrade offers welcome bonuses starting from:

  • 20% – Basic account
  • 35% – Pro account
  • 70% – Gold account
  • 50% – VIP account
  • 30% – Corporate account

It is interesting that we got 150% welcome bonus from customer support manager which is very generous offer.

Bonus Policy

In order to find out more about policy, we recommend every trader to read broker’s terms & conditions policy and find out more about using his bonuses and promotions. Before trader subscribes with any of TropicalTrade bonuses, terms & conditions will eliminate the possibility of a misunderstanding of any of their offers.

In this section, we will point out a few most important facts about TropicalTrade bonus policy:

  1. Client should meet all trading requirements before he can withdraw his bonus funds.
  2. All promotions are valid for specified time period of that promotion
  3. Requirements to claim the bonus: client must succeed at least 30x of bonus amount
  4. If withdrawing before exceeding the minimum bonus volume – bonus and any profits will be cancelled

To find out more about bonus policy, please read the rest of TropicalTrade terms and conditions rules, because bonuses always come with certain conditions which have to be followed.

Beside welcome bonuses, we haven’t found any current promotions except Risk-free trades that are offered with Gold, VIP, and Corporate account. Gold account welcomes traders with 3 risk-free trades, VIP account managed 5 risk-free trades and Corporate account provides even 10 risk-free trades for its clients. TropicalTrade has ensured their clients are supported with account managers which will be available the moment traders open one of the accounts on TropicalTrade.

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a Complete Guide for Binary Options Trading

TropicalTrade is one of those brokers that really care about their clients, so the customer service is just exceptional. The broker can also boast with high returns, which is great for all the traders. We have tried to find some bonuses and special offers right from their customer service managers. Their approach is impressive. The customer support team is made up of receptive workers who have friendly voices. They offered us a fantastic welcome bonus. Typically, the clients will enjoy greater trading possibilities if they initially get in touch with TropicalTrade customer service. The customers will have a specific internet link with personalized promotion or bonus created particularly for them. For example, we received a 150% welcome bonus and were truly excited about it.

TropicalTrade Bonus Categories

If you want to start buying options with this broker, you have to make a deposit of at least $200, which is actually the average figure in the binary options industry. Based on the account type you opt for, the broker will give you various bonuses and promotions.

We made a research to see what the broker has to provide and we discovered a traditional range of account types and bonuses that are pretty much similar with those offered by top brokers.

The clients will be pleased to find out that the broker offers a complete list of first deposit bonuses that differ depending on the account type. Each account is personalized to meet the trader’s needs. The remarkable bonus program demonstrates that the broker has good plans to attract new clients who are considering binary trading.

You will find out that TropicalTrade provides welcome bonuses starting from:

  • 20% for Basic account
  • 35% for Pro account
  • 70% for Gold account
  • 50% for VIP account
  • 30% for Corporate account

It is fascinating that we received a welcome bonus of 150% from the customer service administrator, which is actually a quite lucrative one.

Bonus Policy

To learn more details about the bonus policy, we suggest our readers investigate TropicalTrade’s terms and conditions on their website. This will help you avoid any uncertainty related to the bonus.

Now, let us mention several most significant things that we discovered about the broker’s bonus policy:

  • The customer has to make sure he meets all the conditions prior to making any withdrawal.
  • All the special offers and promotions are available only for the indicated period.
  • The main condition related to the trading volume is to exceed the bonus amount by 30 times.
  • If the client chooses to withdraw his money before meeting the trading volume, the bonus and any profits will be terminated.

To learn more about the bonus conditions, you can browse the rest of the broker’s terms & conditions section, since promotions and bonuses include specific requirements that have to be implemented.

Apart from the welcome bonus, we could not see any available promotions at that period. Yet, you should monitor the broker’s special offers from time to time and you will find out generous promotions. Don’t forget to contact the customer service when you want to make an account with TropicalTrade!

TropicalTrade Review

TropicalTrade

Broker TropicalTrade
US Traders Accepted
Company Name FLY Ltd.
Headquarters St. Vincent & the Grenadines
Regulation No
Bonus Type Welcome bonus
Bonus Size 70%
Max Payout 85%
Out-of-Money Reward 0%
Trading Platform Panda Trading System
Early Closure
Deposit Options Credit/debit cards, wire transfer
Deposit Currencies US dollar, euro, British pound, Canadian dollar, Australian dollar
Minimum Deposit $200
Minimum Trade $5
Maximum Trade $5,000
Online Since 2020
Trading Instruments Currencies, stocks, commodities, indices
Number of Trading Instruments 68
Binary Option Types High/Low, One Touch, Range, Hyper
Customer Support Types Web form, email, live chat, telephone
Education Offered Videos and one-on-one training
Tools Offered Risk-free trades, trading signals
Commission $30 for wire transfers, 3.5% for credit card withdrawals. $50 minimum. Dormant account fee: $20 per month.
Languages English
Demo Account No

If you are looking for a quality binary options broker, one which you may wish to consider is TropicalTrade. TropicalTrade is owned and operated by a company called FLY Ltd., which is based in St. Vincent & the Grenadines. While this broker does not stand out in any unusual or distinctive way, the website is well-organized, easy to navigate, and very thorough when it comes to providing information. This transparency along with some nice features does seem to set TropicalTrade apart from its competitors.

Opening an Account on TropicalTrade

When you go to open your account on TropicalTrade, you will notice that the site unfortunately does not accept customers from the USA. If you are located abroad however, you can join and make your first deposit using your credit or debit card or wire transfer. A number of account currencies are available, including US dollar, euro, British pound, Canadian dollar, and Australian dollar.

TropicalTrade is only available in English, but you will notice that the educational section has a language drop-down with a number of options.

There are five different account tiers:

  • Basic: Deposit $200+, receive a 20% welcome bonus.
  • Pro: Deposit $2,500+, receive a 35% welcome bonus.
  • Gold: Deposit $6,500+, receive a 70% welcome bonus.
  • VIP: Deposit $50,000+, receive a 50% welcome bonus.
  • Corporate: Deposit $100,000+, receive a 30% welcome bonus.

You will notice that the match bonuses climb towards the Gold account level, before dropping back down again for VIP and Corporate. This is because Gold is the most popular account package.

As is typical, there is a rollover requirement to claim the bonus of TropicalTrade. One thing I like about this website however is that in the Terms and Conditions, it is specifically stated that you have an option to accept or decline any bonus that you were offered, and that you will only receive the bonus after having a talk with your account manager. Most trading sites seem to be hoping that you will miss the fine print associated with bonuses, but TropicalTrade actually seems to want to educate you about the strings attached. This is admirable and inspires trust.

You will notice that there are a number of cool extra features available on TropicalTrade, most of which kick in at the Pro or Gold levels. Sadly TropicalTrade does not offer a demo account, but there are a few risk-free trades available at the Pro tier and higher. You can also get a limited amount of one-on-one training, as well as ongoing access to trading signals. At the top levels, these signals are personalized.

What about fees? There are a few, and they are fairly standard for the industry. For wire transfer withdrawals, you will have to pay a $30 fee. For withdrawals that you made using your credit or debit card, you will have to pay 3.5%. There is also a $50 minimum withdrawal threshold (a lot of sites that this higher at closer to $100). If your account is dormant for more than two months, there will be a $20 inactivity fee.

Trading on TropicalTrade

Right now, you can only trade on this website using your desktop or laptop computer. There is no mobile trading available as of yet.

TropicalTrade uses the Panda TS trading platform. While not as popular as SpotOption, more and more binary options brokers do seem to be using it. It is a simple interface and works quite similarly, so if you already have prior experience with SpotOption, it should be an easy transition to Panda TS.

On TropicalTrade, you can invest in currencies, stocks, commodities, and indices—68 trading instruments in all. The minimum trade size is just $5, which is excellent considering that most brokers set a minimum investment size closer to $25. The maximum trade size is $5,000. So this is a good wide range which should be ideal for both smaller and larger accounts.

There are four different types of binary options offered on TropicalTrade: High/Low, One Touch, Hyper, and Range. All of these are quite typical, though Range trading is not offered everywhere, so I’m always happy when I see it. This is the type of trade where you can make money even when the market is relatively flat.

I did not find any reference anywhere on the website to Double Up, Rollover, or Early Close, though I have seen a few other review sites mention that Early Close is available. Out of the three, Early Close is by far the most important tool when it comes to making a profit, so if this is the only one which the site offers, it is by far the best. Typical payouts range around 85%, and there does not appear to be any out-of-money reward.

In terms of customer service, you can contact TropicalTrade via live chat, telephone, web form, or e-mail. I did check the live chat while I was checking out the site, but nobody was there (which is not a surprise given that it was the weekend).

Conclusion: Feature-Rich and Worth Considering

Overall, TropicalTrade makes a good impression. There are some areas where this broker is lacking; it would be nice for example if they would offer demo trading, and it would be great if they were regulated or accepted traders from the USA. Despite this, they do have a lot going for them. One-on-one training is an excellent benefit, as is ongoing trade signals. The fees are reasonable, and the company seems to be transparent regarding their bonus policies.

For all of these reasons, I am willing to give TropicalTrade a tentative recommendation. Make sure that if you are thinking about trading with them, you contact customer service and test them with a few questions. Make sure that this is a company that you would feel comfortable depositing your money with before you pull out your credit card.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
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    Only For Experienced Traders!

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