TropicalTrade Broker Review

Best Binary Options Brokers: 2020 Ranking
  • Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
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  • Binomo

    Good choice for experienced traders!

TropicalTrade Review

ALERT: Tropical Trade is no longer in business

Visit the Top Rated Brokers page to find a licensed broker.

TropicalTrade was a new binary options broker that opened in 2020. Tropical Trade is owned by Cumberland Capital, located at Horton House, Exchange Flags, Liverpool, L2 3PF, United Kingdom. Their phone number is: +44 203 519 3856, and email address is [email protected]

Withdrawal problems and complaints, read this.

Trading Signals & Auto Trading

TropicalTrade offers a copy trading feature which you can see on the sidebar of the trading platform. You can read about binary trading signals here.

Warning: Most automated trading systems are really bad and do not make money.

Platform Review

TropicalTrade is a broker running on the Panda Trading Systems software for binary options. Traders have access to more than 100 assets. Standard returns on High Low binary options are 81% for the EUR/USD. The trading system also has one touch and range binary options. High speed traders can take advantage of the 30 seconds, 60 seconds, 2, 5 and 10 minutes options.

Forex traders will find all the major cross they need on the Euro, US Dollar, Swiss Franc, New Zealand Dollar, Turkish Lira, British Pound and Canadian Dollar. Initial deposit for new accounts at TropicalTrade is only $200.

TropicalTrade License

The first item we check for when reviewing a binary options broker is for a license. This is an easy way to determine if they are a legitimate broker or a scam broker. We check to see if they are licensed by one of the European regulators.

TropicalTrade is not a licensed broker.

Payment processing is handled by: Cumberland Capital Ltd. Horton House, Exchange Flags, Liverpool, L23PF, United Kingdom.

On June 6th 2020 the SEC wrote an investor alert regarding binary option scam brokers. Read entire alert on the SEC website here. For an updated list of licensed brokers, see here.

Best Binary Options Brokers: 2020 Ranking
  • Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo

    Good choice for experienced traders!

Are you currently trading with TropicalTrade? What was your experience? Are they a good broker?

TropicalTrade Broker Review

Tropical Trade is perhaps one of the most recent binary options brokers that opened its doors to the public in January 2020. This new binary options broker is solely owned by FLY Limited which is located at Stoney Ground, Kingston in St. Vincent and Grenadines. It is not surprising that this new broker does not have a trading license yet because most brokers, who have in the industry for long, are actually not licensed.

What makes this broker attract investor confidence is the fact that they have an official mailing address which many traders see as reliable due to the fact that they can easily be accessed in case of queries and concerns. TropicalTrade accepts traders from the US mainly because they are not licensed and regulated by any authority. But this might change depending on which regulatory authority they will subscribe to.

TropicalTrade Broker Review

TropicalTrade operates on the Panda Trading Systems software for binary options which avails more that 100 trading assets to investors. It offers standard returns of 81 % on the conventional High/Low binary options. This system also offers other types of trading options which include the Range and the One Touch binary options. Also featuring in this trading system are the 30 seconds, 60 seconds, 2, 5 and 10 minutes options which are available for high speed traders.

Forex traders in this platform are treated to a wide variety of currencies which include all the major cross on the US Dollar, Euro, New Zealand Dollar, Swiss Franc, Canadian Dollar, The British Pound, and the Turkish Lira among others.

In order to open a new account with TropicalTrade one needs to make an initial minimum deposit of 200 Dollars. This is a fairly attractive amount compared to other brokers who actually require a deposit of 250 Dollars and above. The broker will give 5 Risk Free Trades to new account holders to familiarize themselves with the trading platform. The highest payout for the High/Low type of trading is an impressive 85% but this will depend on type of option traded and also its expiry time. In some cases the payout can slide to as low as 60%. They offer a minimum trade size of 5 Dollars and a maximum of 10,000 Dollars.

tropical trade main page

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    Customer service and support

    The broker offers a very comprehensive and complete support for traders who are on its platform. Among the various support tools on offer include the live chats features. This support system offers assistance to traders on matters relating to updating of account information, withdrawal policies, contacting the support team and many other general queries. All these are to be found on their website. In case of further clarifications or a more specialized kind of concern the support team can be contacted through email and on the phone.

    Trading Platform

    As earlier mentioned, TropicalTrade uses the Panda Systems trading platform which offer traders various tools to enable them generate higher profit margins on their investments. This platform is a 100% web-based platform that doesn’t require any downloads or installations. Its user interface is simple and this allows traders to access information quickly. This goes a long way in ensuring that they make informed decisions and fully optimize their performance in the market. The trading platform offers a payout ratio of between 70% -1500%. When all of its trading assets are clumped together, it forms a very large pool of trading assets which include Market Indices, Stocks, Commodities and Currencies. This trading platform has four different trading options to choose from. These options include

    1. The High/Low trade – Where one is expected to choose an asset from the list and use the appropriate tools to predict whether the prices will go up or go down.
    2. Range option – This option lets you place a trade which will expire within certain parameters that are dictated upon by the system.
    3. One Touch – Allows one to determine whether the price of an asset will hit a lower or upper target within a specified time period.
    4. Hyper – This offers a range of short expires whereby one has to make price predictions within the given time period. It enables traders make a multiple number of trades within a very short span of time.

    Bonuses and account types

    As part of its marketing and promotional venture, TropicalTrade features two types of bonuses which can be chosen by new traders trading in its platform. These bonuses are the 100% bonus and 5 Risk Free Trades. However, traders are advised to read the terms and conditions of these bonuses before they accept them to avoid disappointments when it comes to withdrawing such bonuses.

    This broker operates a number of trading accounts which are tailored to the specific needs of their customers. They cater for every type of trader imaginable starting from the new ones to the most seasoned ones. Account types that are operated by Tropical trade are;

    • Basic account – This is a good account for new traders in binary options and those with scant knowledge about the trade. It has maximum deposit of 1,000 Dollars and this restricts huge losses from new traders.
    • Professional account – Especially suited for traders with a little bit of knowledge about the trade. It has a maximum deposit of 5,000 Dollars which gives them leeway to perform more trades and minimize their risks at the same time.
    • Expert account – With a deposit amount of up to 10,000 Dollars this is probably the most popular account by TropicalTrade. It is suitable for those who have vast experience in this type of trade and gives them room to explore the various trading options.
    • VIP account – This is an account which is highly suitable for seasoned traders and has a maximum deposit amount of 25,000 Dollars. With this amount traders can execute large volume trades on a wider scale.
    • Corporate account – This is suitable for corporate customers who operate at the company level and has no limitations in terms of the deposit amount.

    Signals and trading robots

    TropicalTrade is well known for its trade signals which are offered free of any charges. The signals specifically feature breaking trades and provide useful information to any trader. They give information relating to the performance of assets and also which asset values are likely to slide or rise. Traders can utilize these signals to increase their chances of making handsome returns.

    In their trading system, TropicalTrade features a built-in trading facility that has the follow feature. This is more or less a type of social trading tool where traders can observe other traders and imitate their trading actions. The trading platform does not have a trading robot that is integrated into it.

    tropical trade 4 steps


    TropicalTrade understands the importance of providing security and privacy especially with regards to financial information and transactions of its customers. They safeguard personal and banking details of their customers by a system that is secure and operated by professionals in the field. Like other brokers, they have also incorporated the SSL encryption system.

    Deposits and Withdrawals

    The minimum deposit amount on this platform is 200 Dollars which can be effected using various methods. One can be able to make a deposit using credit and debit cards. Cards that are used here include MasterCard, Visa, Switch, Solo, Delta, Diners Club and many more. One can also use Neteller and bank wire to affect both deposits and withdrawals. The broker has a maximum withdrawal limit of 20,000 Dollars which is quite a sizeable amount especially to individual traders. The depositing and withdrawal process is quite simple but the trader has to follow the laid out regulations in ascertaining and authenticating his/her account. A withdrawal request can only be sent once the account is fully authenticated.

    Accounts are offered in a number of currencies including the British Pound, The Dollar, Canadian Dollar and the Australian Dollar. The broker also offers a free demo account to new traders who are hesitant in trying out trades right away.

    TropicalTrade academy

    When trading in binary options, it is important for a trader to be well informed about the operations in this type of trade. Well-informed traders perform exceptionally well in terms of returns on their investments. That is why TropicalTrade has invested heavily on the TropicalTrade Academy. It has experienced and well seasoned traders who show others how to analyze prevailing market trends and how to be able to identify wise investments in the binary options field. They help to educating others on good money management strategies and the ability to minimize risks when trading. This goes a long way in enabling struggling traders to come up with great trading strategies and build a very good trading portfolio.

    TopicalTrade also offers a one-on-one training session with one of their traders who actually guide traders that are in need to set out on the right path especially in relation to the binary option trade. The broker also features a library full of eBook and training videos which are a huge resource base to most traders. This is not only targeted for the newbies in the business but also the seasoned and advanced traders who from time to time need to re-orient themselves with the prevailing market conditions.

    Mobile app

    This broker is relatively new in the industry and has currently no mobile app for trading. It is whispered that plans are underway to integrate this very crucial platform into their system for the Android, iPhone and iPad mobile apps. The mobile platform is very useful because it enables traders to perform trading activities anytime even when they are on the go.

    tropical trade accounts

    Scam or not?

    Checking on this broker, one can state conclusively that they are not definitely a scam but their trustworthiness actually hangs in the balance because of several factors. There have never been serious customer complaints about this broker for the short duration of time they have been in the market. What actually makes most traders to be wary of this particular broker is the fact that they are not licensed nor regulated by any authority.

    Many traders are also cautious about free trading signals like those that TropicalTrade is offering. Some take them to be just random number generators which have no capability of actually interpreting trading trends on the ground. This is especially so when it comes from an unlicensed broker like TropicalTrade. We are not saying that this broker generates random numbers but the apprehension occasioned by relatively new and unlicensed brokers justifies this point. Even seasoned brokers have disclaimers such as ‘simulated results do not represent actual trading’ in relation to their trading signals. It is therefore prudent for traders to actually investigate the authenticity of these signals before they decide to use them in their trading activities.

    This mere fact alone is enough to keep traders out of this brokerage because it is so unsafe to put money in a broker that does not meet the minimum market standards not to mention the various cases of rip-offs that have been reported in this industry in the recent past. However, all is not lost for this broker because based on customers reviews, they only need to fix the licensing issue and this might help them to hit the ground running.


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    TropicalTrade Review


    TropicalTrade offers between 70-89% payout in binary options trading, as well as other trading methods where payouts are as high as 400%!


    Broker TropicalTrade
    Website URL
    Free Demo Account
    US Traders Allowed
    Overall Score

    Full Review

    Binary option trading is a process that requires compliance with certain conditions, in order to be successful and very profitable. In terms of the overall trading experience, we can say that the most important thing for every online trader is to know what he has to do. This means that learning the basics of binary options trading is essential if you want to earn. Secondly, you should choose either the automatic trading system or broker platform. However, in both cases you have to beware of scams that are all around us, and only have to deal with a truly reliable and conscientious service.

    So today we want to present to your attention an interesting broker that offers amazing options for its users -Tropical trade.

    So, imagine that you have entered the world of the tropical trade. It sounds fun for binary options! Moreover, bearing in mind the fact that the Tropical Trade broker platform offers a payout of 70-85%, as well as other options for trading, where payouts can reach up to 1500%! Finally, we are most impressed with the fact that this team has established a trading platform slogan – When users win, the Broker wins!

    Here is a list of some of the most attractive features that differentiate Tropical Trade from other brokers:

    • High-income tax-free
    • 100% web-based platform
    • Education in the Academy, video and e-books
    • More than 150 tradable assets available
    • Accurate and quick update on the movement in the price of assets
    • Useful and correct trading signals
    • Professional customer service
    • No need to download trading program

    And finally, if someone is experiencing certain difficulties or have any questions, they can contact the broker’s support team by email, phone or live chat.

    TropicalTrade is it a scam?

    Based on a detailed study of this broker, we were able to conclude that it is certainly legitimate and reliable trading platform of binary options. There are some important facts that led us to this positive final verdict. Firstly, a range of technical features is amazing broker, and it shows that his brokerage, of course, are not an invention of random scams that do not offer anything except loss. In addition, user feedback, of which 100% – positive talk about the powerful work of Tropical Trade broker in the market. And finally, we could not find any negative reviews on this broker online. Therefore, we strongly recommend that you TropicalTrade a reasonable choice for profiting.

    If we find complaints about Tropical Trade, we will post it on social media. Follow us to be well informed:


    The Tropical Trade platform provides a wide range of trading opportunities to users with different preferences. Of course, these include trading most popular and preferred assets.

    • High / Low – where traders need to predict the direction that is going to take the price of the asset. There are different periods of validity.
    • One Touch – In this type of trading, traders should set the price movement of this asset to achieve it at least once prior to the expiration of the contract.
    • Range – you can see the high and low prices, which determine the boundaries (or tunnel) on the chart, as the movement of an asset and to remain within this limit, when the transaction ends.
    • Hyper – the same situation as with the High / Low options. The only difference is that the shelf life of super short – from 30 seconds to 5 minutes.

    Education is the key to success in options trading. Anyone can make big profits with Tropical Trade. Nevertheless, there is an educational center, which is designed for those who want to learn something extra about trade policies, terms, and dynamic market changes. Here, traders can gain access to a variety of useful tools, such training with one of the most successful and highly profitable traders brokerage. Available as a virtual library, consisting of training videos and e-books that are designed to help all traders – both beginners and veterans.

    TropicalTrade and types of accounts

    Available in Tropical Trade accounts divided into 5 major categories.

    • BASIC type -Requires $ 200 initial investment amount and in turn it gives traders a 20% bonus.
    • PRO Type – gives 35% bonus, but the minimum deposit to open is $ 2500.
    • The most popular type of account called the Gold and it offers a 70% bonus and access to trading signals. The initial amount required for its creation is $ 6500.
    • VIP account requires a $ 50,000. In turn, this gives 5 risk-free trades and sending of trading signals.
    • Finally, the Corporate account requires a $ 100,000 investment. 10 Risk-free transactions and personalized trading signals provided to the account holder.


    As you can see, the number of brokers, which we present to you to trade binary options, not huge. This is because we strive to show you the best representatives of this industry. We believe TropicalTrade broker a legitimate and profitable, and this is a good choice for every trader. Your current location does not matter. If you decide to join and start TropicalTrade him a lucrative trade in binary options, you are on the right track.

    TropicalTrade Broker Review 2020

    This broker is closed.

    With TropicalTrade broker, traders get a relatively new binary trading broker established in 2020. 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.

    Tip: Trade with reputable and regulated brokers on FX-Advisor.

    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.

    a Complete Guide for Binary Options Trading

    There are many clients who would like to deal with a trustworthy binary service, so we help them to make the difference between a top broker and a beginner service. TropicalTrade guarantees great returns and an outstanding customer support that can please all the clients who want to trade.

    TropicalTrade is considered a reliable broker by our team of researchers. Accordingly, we can recommend our readers to start trading with this broker if they are looking for a new interesting trading platform. It is true that this broker is not licensed. However, it is not a reason to discard this broker completely, only that it has to be further researched.

    TropicalTrade is operated by FLY Ltd, Stoney Ground, Kingston, VC0100 St. Vincent and the Grenadines. Their site is operated by FLY Ltd, and payment services by Cumberland Capital Ltd.

    Basic information:

    Online since: 2020
    Software: Panda TS
    Max Returns: 85%
    Minimum Deposit: $200
    Bonus: 100%
    Minimum Investment: $5
    Maximum Investment: $5000
    Currencies: USD, EUR, GBP, AUD or CAD
    Mobile: No
    Countries: All Countries

    – Relatively low minimum deposit
    – Great customer support
    – Welcome bonus

    – No demo account
    – No mobile trading

    Binary Minery Rating:

    TropicalTrade Special features

    There are more account types available with TropicalTrade, which can be attractive for both beginners and experienced traders. However, while doing our research, we observed that the broker does not show sufficient details about all the features available with each account type.

    Obviously, it would be more beneficial for the clients to have all the information on the official page because the broker has a separate page for the account types. The customer service that we contacted claimed that only they are responsible for the bonus of each account type, hinting to the fact that the clients should always consider collaborating with them.

    So, here are the broker’s account types:

    • Minimum Deposit – $200
    • 20% welcome bonus
    • Junior broker available
    • Education Center package #1
    • Minimum Deposit – $2,500
    • 35% welcome bonus
    • Senior broker
    • Education Center packages #1 and 2
    • 1 hour of individual basic training session
    • Basic trading signals
    • Minimum Deposit – $6,500
    • 70% welcome bonus
    • Executive broker
    • 3 risk-free trades
    • 3 hours of advanced training sessions
    • Education Center Packages #1-3
    • Basic trading signals

    • Minimum Deposit – $50,000
    • 50% welcome bonus
    • Executive broker + analyst
    • 5 risk-free trades
    • Unlimited access to all Education Center packages
    • 7 hours of individual training sessions
    • Personalized trading signals
    • Minimum Deposit – $100,000
    • 30% welcome bonus
    • Corporate broker + analyst
    • 10 risk-free trades
    • Unlimited access to all Education Center packages
    • Unlimited analyst training sessions
    • Personalized trading signals

    It is worth mentioning that the broker, even if it is new on the market, has some accounts that require very high deposits, so it is natural that the clients would like to know more about what they can get if they deposit $50,000. Anyway, the minimum deposit for a basic account type is $200, which is an average figure in the industry.

    TropicalTrade Trading software

    TropicalTrade does not have its own platform. It uses the Panda trading platform, which is a new system that gains popularity due to its simplicity and great built-in features. This procedure of using a readymade platform is actually a common approach for many top brokers.

    The Panda system is quite intuitive and user-friendly, which is so crucial in the expanding industry of binary options. It is weird that the broker does not have a mobile application, but maybe it’s because the broker is new and the mobile version is in progress. There must be a mobile app in the future because mobile trading is growing at an incredible speed.

    The webpage is also easy to browse and the client will find the main categories on the home page.

    Once the client makes a deposit, he has the chance to trade traditional CALL/PUT options, one touch, range, and turbo options, which they call hyper-options.

    Here is the asset list that you can choose from:

    • 36 Forex pairs, such as EUR/USD, GBP/USD, EUR/JPY. Also, there are BitCoin related pairs which can be traded 24/7.
    • 22 stocks, such as Apple, Yahoo, Facebook, Exxon, Daimler, and more.
    • 7 stock indexes – CAC, DAX, DFM, DOW, NASDAQ, S&P, and FTSE.
    • 4 commodities – gold, silver, copper and oil.

    It is actually a basic list of assets, which can be decent for beginners.


    TropicalTrade Customer Support

    Prior to discussing the customer support service of this broker, we have to mention a very significant drawback – the website of the broker is available only in English. While English is an international language and there are many people who can understand it, the broker should definitely include other languages if they pretend to be a top service. German, Spanish, French, or Italian, are also important languages to consider.

    The customer service can be contacted by using the online chat directly from the broker’s site and by phone. There are phone numbers for US, UK and Australian clients:

    • US – NEW YORK +1-347-783-5462
    • UK – LONDON +44-20-3519-3856
    • Australia – SYDNEY +61-2-8599-2812

    The live chat is also a great option. Their agents work really fast and are quite responsive. They will answer any of your questions related to the broker’s features and binary trading in general.

    The site has also a separate education section where you can learn the basic info about binary trading and about the broker’s platform. The TropicalTrade Academy has a generous list of ebooks, trading signals, video materials, and a detailed glossary. Don’t forget to click the FAQ section as well!

    TropicalTrade Banking

    Many people think that internet payments and transaction are not so reliable. However, there are specific security measures that make this process look safe. Prior to making any withdrawal, the client will be required to show the picture of some of his ID documents.

    TropicalTrade offers more payment methods for carrying out deposits and withdrawals. One can use credit/debit cards (Delta, Diners, MasterCard, Visa, Visa electron), bank wire transfer, and e-wallets, the latter being the fastest ones.

    The great thing about this broker is that their minimum withdrawal is $1, and the minimum deposit is $200, as mentioned above. There is a $25 fee for the bank wire transfer, which has nothing to do with the broker. In rest, the payments are free. The cash-out time can reach up to 5 days.

    Additional information

    Customer Service: Live Chat, Phone, Contact Form, E-mail
    Languages: English
    Trading Options: Binary, Ladder, Pair, Long Term, 60 seconds, One Touch, Spot Follow, Builder
    Assets: Currencies, Stocks, Indices, and Commodities
    Expiry Times: 30 seconds, 60 seconds, 2 minutes, 5 minutes, 15 minutes, End-of-day, End-of-month
    Deposit and Withdrawal: Visa, MasterCard, Wire
    Withdrawal Time: up to 5 days
    Demo account: No

    Best Binary Options Brokers: 2020 Ranking
    • Binarium

      Best Choice! The leader in our ranking!
      Perfect for beginners!
      Free Demo Acc + Free Trading Education!

    • Binomo

      Good choice for experienced traders!

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