Tropical Trade is a fresh addition to the binary options market, and they’ve quickly caught the eye of many traders. They offer virtually everything a trader should ever need, from cross-platform trading interface and various account packages, all the way to various banking options. Therefore, the fact that number of their clients grows on a daily basis doesn’t come as a surprise. However, we have witnessed many cases of brokers bragging with fantastic offers, and turned out to be complete scammers. That being said, we decided to put this broker under our thorough test, in order to discover is Tropical Trade a scam. Keep reading our detailed analysis and see if this broker can be completely trusted!
Is Tropical Trade a Scam? | Accounts
A truly legit and legal broker should be able to offer a variety of account packages, based on their clients’ trading preferences. And we are happy to say that Tropical Trade doesn’t fail on this part of our test routine. Depending on their initial investment amount, traders are welcome to choose among five different account types. Basic account will satisfy the core trading needs with welcome bonus, while also granting access to personal junior broker and basic educational materials. Pro account broadens the offer with a senior broker, personal trading session and general trading signals. Gold package introduces risk-free trades, while further boosting previously mentioned features. VIP and Corporate packages are reserved for highly skilled traders that will surely make additional profit using the given features. These include access to skilled brokers and analysts, unlimited access to educational library, up to 10 risk-free trades and personalized trading signals. As you can see, all packages are specifically designed to meet the needs of their target groups. Considering the variety and versatility of available accounts, we can state that Tropical Trade is by no means a fraud. But we have many more features to examine, so stick around and find out if this broker will try to trick you with banking malfeasance!
Is Tropical Trade a Scam? | Banking Options
Every trader knows that it’s impossible to commence trading without investing some personal funds. Some fraudulent brokers will offer only one deposit method, or display inconsistent information on various part of website. Fortunately, Tropical Trade passes yet another challenge with highest grades. You will be able to select one of many major cards or bank transfer as your preferred deposit method. Supported credit cards include MasterCard, Visa, Diners and Delta. We have tested all available methods with different account types and everything went as smooth as possible. All our transactions became visible in account details in a matter of minutes. Deposits can be made in euros, pounds, American, Canadian and Australian dollars, which is the feature you select while opening your account. Minimum amount is set at 200$, which is a bit lower than the average amount in the industry, while the maximum deposit is capped at 20 000$. We haven’t been able to detect any behavior that resembles a scam here, and we can proudly state that Tropical Trade is a legit broker when it comes to banking.
Withdrawal request can also be made by selecting one of the banking methods available for deposits. You can withdraw up to 20 000 dollars with a single withdrawal request, and you can cancel it at any time if you want to. However, in order to complete your first withdrawal request, you’ll have to pass a security check. Read more about it in our next section!
Is Tropical Trade a Scam? | Security
Being confident in your broker’s security system is crucial for placing successful trades. When you’re completely sure that your funds are kept safe and sound, you can be more concentrated to the trading itself. Tropical Trade has implemented various safety procedures that will surely prevent any security breaches or identity thefts. This broker abides to strict compliance procedures, which guarantees that your personal information will not be distributed to third-party companies. Also, all deposit and withdrawal requests are coated with high-end SSL encryption system, rendering them immune to various hacker attacks. Also, as we have stated in our previous section, initial withdrawal will trigger a security check in order to prove your identity. This is a standard procedure among trusted and legit brokers, it’s nothing to be afraid off, and everything can be completed in a couple of minutes. You’ll be asked to submit copies of personal ID, utility bill and credit card. These serve as proofs of identity, residence and banking, respectively. After the documents have been reviewed and approved, you’ll be able to withdraw your earnings. We honestly believe that you don’t have to doubt this broker for a moment when it comes to security of your personal information and funds. Therefore, in terms of security, we can announce that Tropical Trade is completely safe to trade with. But some more features still remain unexplored, so keep on reading!
Is Tropical Trade a Scam? | Education and Contact
High-quality educational materials are published only by trusted and safe brokers, and this is the case with Tropical Trade as well. Their academy contains various videos, e-Books, signals and a glossary that will surely help you develop your trading skills. This goes for the support team as well, which you can contact using chat, e-mail, phone or contact form. They are comprised of highly skilled market analysts and trading experts that will surely be able to solve any problem you might experience. As you have seen, Tropical Trade is not a scammer or fraud at all, it is a broker that can be completely trusted. Our Tropical Trade Review article contains more information about the broker itself, so feel free to consult it.
Is Tropical Trade a Scam? | Conclusion
To wrap this thorough analysis up, we will once again state that, due to results of our tests, Tropical Trade is a truly legit and safe broker. It will surely delight you with many ingenious features ranging from various account packages all the way to 24/7 support for traders. So open a free trading account with this broker and start changing your luck!