Broker ceased to exist
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 currency pairs such as AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, AUD/USD-OTC, BCoin/USD, BCoin/EUR, BCoin/JPY, BCoin/GBP, CAD/CHF, CAD/JPY, EUR/JPY, EUR/JPY-OTC, EUR/USD, EUR/USD-OTC, EUR/CHF, EUR/USD, EUR/AUD, EUR/USD/CAD-OTC, USD/CHF, USD/CHF-OTC, USD/JPY, and GBP/USD/JPY-OTC.
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.
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.
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