Forex Broker

Broker ceased to exist

Tropical Trade

On-line since: 2015
Country of origin: Saint Vincent and the Grenadines
Regulation: -
Payment options: bank wire, Visa and MasterCard credit cards, Delta, VISA Electron
Minimum account size: $200
Minimum lot size: 0.01 lot
Leverage: -
Spreads: -

About company:

TropicalTrade is a trade mark which belongs to and is supervised by FYL Ltd, a company rendering financial services. The head office is situated in Kingstown, Saint Vincent and the Grenadines.

Trading binary options with TropicalTrade is performed on the Panda TS trading platform which implies social trading.

Types of accounts

TropicalTrade clients are provided with the Welcome Bonus if they register one out of five account types with the broker.

The Basic account is the one with the smallest deposit of $200. To open the Pro account, traders are required to deposit from $1,000 to $5,000. A deposit for the Gold account should be from $5,000 to $10,000. The VIP account should be deposited with at least $50,000. Besides, the broker offers corporate clients a special account with a deposit from $100,000, which does not have a limit.

Types of forex options

Trading High/Low options is based on the simplest financial principle. A trader has to fulfil the only condition, to predict a trading direction. This binary option can yield up to 81% in case a prediction is right.

A One Touch option means that a trader should foresee whether a price of an underlying asset will touch any of the two preset prices at least once before an option term expires. In case of a winning deal, a profit could be up to 81%.

A Range option is similar to a One Touch option. The difference is that traders should forecast whether a price of an underlying asset will trade within two price ranges at any point of a session. A trader can gain a profit up to 81%.

Hyper is a binary option which is like High/Low. In case of a Hyper option, an expiration term is very short from 30 seconds to 10 minutes.

Clients have a wide choice of financial assets.


Clients can trade shares such as Apple, Alibaba, Citi, Coca-Cola, IBM, McDonald's, eBay, Yahoo, UBS, Twitter, General Electric, Facebook, Exxon Mobil, Barclays, Vodafone, JPMorgan Chase, HSBC, ENI, BP, Daimler, and BMW.

Indices are also available for trading. Among them are CAC, DAX, DOW, FTSE, NASDAQ, S & P 500, TADAWUL, and Dubai.

Commodities for trading with the broker are gold, silver, crude oil, and copper.

Other resources

TropicalTrade created a web resource from which traders can find financial news, daily and weekly market updates, and several trading strategies.

Besides, TropicalTrade has amassed vast educational materials which can be helpful for both beginners and experienced traders to sharpen their skills in trading binary options. Some materials are presented as instructive courses, electronic books, video tutorials, and webinars.

Apart from these educational resources, traders are provided with other useful materials, for example, the economic calendar, a guide to using a trading platform, and a glossary.

The broker accepts payments in the following currencies: USD, EUR, GBP, AUD, and CAD. A maximum deposit for bank transfers is not specified. Traders are free to deposit more than $20,000 by a credit card. The smallest deal size is $5 and the biggest one is $500 for High/Low, One Touch, and Range options. The Hyper option requires a deal size of $500. Traders may deposit and withdraw up to $20,000 using the same electronic system.

TropicalTrade clients are free to connect with the support service via email, a contact form on the website, online chat, and phone call. The website is available in Italian and English. The broker is not entitled to serve clients from the US, Canada, Australia. Belgium, and France and accept their funds.

On this web page, you will read comments on TropicalTrade, a brokerage firm with a focus on trading binary options.

The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
Pengarang of Tropical Trade: 87Tias | Tarikh 2019-11-08
There was no a good experience at all. I couldn't contact them when I got loss for several times. The last suggestion that I got was made me to decide to stop all my trading activity with Tropical Trade. First trading I got loss $490, second trading $370. I never get win during I join this broker. They even cancel my trading. So, I advice you guys, be more careful in choosing a broker. Learn from the other's experience.
Pengarang of Tropical Trade: Nowex | Tarikh 2019-10-02
I joined TropicalTrade because of the user-friendly option trading platform. But their withdrawal system is worst. Around 10 days ago, I put a withdrawal request of $350 through VISA Electron and they ask me to send my card photos. Although that was very risky to send them my card pictures but I send them both side pictures but they did not processed my withdrawal yet. Now I'm afraid my money is lost or worse stolen.
Pengarang of Tropical Trade: Tero | Tarikh 2019-08-16
TropicalTrade is a reliable Forex trader but it is still not perfect. In terms of spread, I'd say it is pretty competitive. The platform is also stable enough to handle any market condition. The customer support team are responsive as well. However, when it comes to the educational aspect, the broker doesn't provide much. They ask for payment to have access to their more advanced materials. I found out that other brokers make all materials available to their clients so I hope this broker could do the same.
Pengarang of Tropical Trade: Krritika | Tarikh 2019-05-07
I have irrefutable evidence that TropicalTrade are nothing more than a bucket shop. Recently I started trading the 1h and 4H charts. On 15th April my USD/CHF trades was stopped out at 46 pips higher that the current price. When I queried this I got a reply that they widened the spread and that is why my trade was stopped out. I finally stopped trading with them when they started playing games with my withdraw requests.
Pengarang of Tropical Trade: Roydel Rutty | Tarikh 2019-02-18
Tropical Trading is a big scam. They'll call you when they want you to invest money but you can't get anyone when you have questions or need help. I lost over $6000.00 with them. they kept giving my account th different people and still wanted me to keep investing even after they lost money for me.Abunch of rip off artists
Pengarang of Tropical Trade: pipjaktoh | Tarikh 2018-03-14
I don't know much about TropicalTrade, I just joined 3 months ago and I think this company provide good Leverage and Spreads that would give me nice profit. I had a standard account and work with their MT4 platform that so simple to use and has a good trading process quality. For about 3 months I got profit almost 50% from my deposit, so I still enjoy trading in this broker. 4 days ago, I had one position opened EUR/JPY, I deposit $350 but the platform run very slow until I am pissed off and need to restart again my computer. I think I lose my money. In the next day, I call their technical support, but they didn't want to check my account or assume the mistake. For me that was really not fair, and until now I don't get my money back or any explanation. I guess its time to move on to a new broker.
Pengarang of Tropical Trade: Conz | Tarikh 2017-12-19
I traded with tropical trade for only 3 months.Their platform have delays. Deposit and withdrawal money are extremely slow. I still haven't been able to withdraw money. They are scammer.
Pengarang of Tropical Trade: Mayra | Tarikh 2017-11-09
I registered a basic account with Tropical Trade. I made a deposi of $200 via Visa, it worked normally, I had some problems due to the platform freeze, lost part of my investment, but continued trading, then I had a problem setting my stop order manually, again had some losses. During this time I had no feedback from support, since I send them several messages. I lost more than 50 percent of my investment. Sincerely this broker is not good nor even bad but should improve support to clients.
Pengarang of Tropical Trade: Nonlima_13 | Tarikh 2017-10-12
I am using TropicalTrade for option trading and I have terrible experience with them. Their platform is not good for binary trading because they have price huge latency and last month I lost $230. There is no hope left with this broker so I decided to withdraw my remaining balance and I made withdraw request of $315 using Bank Wire around 10 days ago but still they did not processed it. When I contact with their support they always keep telling me that I have to wait until their finance department complete the investigation. I don’t know what kind of investigation they are doing. This is getting highly frustrating!
Pengarang of Tropical Trade: Leo | Tarikh 2017-09-15
I had a bad experience working with this broker. I opened an account with $250 y set an order in business stocks following the recommendation of the manager who called me. I got good earnings in that trade and I was offered to invest more money due to my excellent results. I did it and I was accumulating more money up to $10,000 in one year. But when I wanted to withdraw $5,000, support department didn’t allow me pretexting that I had broken bonus’s rules I had in my account, but I hadn’t requested any bonus! How could it that possible? Up to now, I keep on fighting for my earnings because this broker definitely wants to close my account without giving my earnings.
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