Tropical Trade Review
Owned and operated by FYL Ltd in St Vincent and the Grenadines, Tropical Trade is one of the newest binary options brokers to grace the Internet. They started operations in January of 2016.
Tropical Trade uses the Panda Trading Systems trading platform. They have upwards of 200 various assets available to trade on in stocks, commodities, currency pairs and market indexes.
Traders can use range, high/low and short & long term options. Payouts can climb as high as 85% depending on expiry times and the asset the investor chooses.Another great feature with Tropical Trade is their comprehensive educational center, where those who want to learn more about wise binary options trading can download their ebook, or browse though their extensive educational video library.
Because Tropical Trade is so new, they are not yet licensed or regulated. From what I see though, they should have no issues getting a license. The Tropical Trade operations seem to follow the standards required to obtain licensing.
From what I see, Tropical Trade just recently released mobile applications so investors can trade while on the go. You can obtain them at the Google Playstore or the Apple App Store.
Tropical Trade Deposit Terms & Conditions
Depositing at Tropical Trade is actually quite simple, but do know that Tropical Trade abides strictly by anti-money laundering regulations. When you create an account and deposit funds, you will need to supply Tropical Trade with compliance documentation. This will include:
- A copy of your government issued photo ID
- A copy of a bank statement or utility bill showing your name and address
- A copy of the credit card used to deposit
This is done for your protection, and you will want to supply Tropical Trade with this material right away. This will make withdrawals quick and easy.
Tropical Trade Bonus Terms & Conditions
Tropical Trade offers various bonuses for investors, but there are certain stipulations that must be met to be able to withdraw that bonus and any profits earned while the bonus is in effect.
The terms at Tropical Trade is that investors will have to trade a volume of 30 times the bonus amount in volume before they can withdraw said bonus and any profits made from it. So, if you receive a $100 bonus, you will have to trade a volume of $3,000 before you can withdraw.
You should consider this closely before accepting any bonuses.
Tropical Trade Withdrawal Terms & Conditions
Withdrawals are actually quite easy at Tropical Trade as long as you sent in the compliance documentation I mentioned in the deposit terms.
Withdrawals by credit card are free, but wire transfer withdrawals incur a $25 charge. Tropical Trade processes withdrawal requests within 5 business days of their receipt of your withdrawal request.
I have not found any major complaints about withdrawals from Tropical Trade. Remember…Send in those compliance documents, and you will have no issues with withdrawing your money.
Tropical Trade Details