TropicalTrade Review

ALERT: Tropical Trade is no longer accepting new clients.

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

TropicalTrade Logo

TropicalTrade was a new binary options broker that opened in 2016. 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]. For traders 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.

Trading Signals Scam

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

Read more about the binary options trading scam.

The only real software to use for automated trading you can see at OptionRobot.com.

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 LicenseTropicalTrade

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.

On June 6th 2013 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. Payment processing is handled by: Cumberland Capital Ltd. Horton House, Exchange Flags, Liverpool, L23PF, United Kingdom.

Compare TropicalTrade

Nadex (read review) is the only licensed binary options exchange in America. So if you are interested in really trading, then register for their demo account here.

24Option (read review) is a popular European licensed broker offering the Tech Financial trading platform. They currently have a huge trading competition, see here.

Are you currently trading with TropicalTrade? What was your experience? Are they a good broker? Please leave your review below.

TropicalTrade Review

ALERT: Tropical Trade is no longer accepting new clients.

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

TropicalTrade Logo

TropicalTrade was a new binary options broker that opened in 2016. 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]. For traders 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.

Trading Signals Scam

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

Read more about the binary options trading scam.

The only real software to use for automated trading you can see at OptionRobot.com.

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 LicenseTropicalTrade

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.

On June 6th 2013 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. Payment processing is handled by: Cumberland Capital Ltd. Horton House, Exchange Flags, Liverpool, L23PF, United Kingdom.

Compare TropicalTrade

Nadex (read review) is the only licensed binary options exchange in America. So if you are interested in really trading, then register for their demo account here.

24Option (read review) is a popular European licensed broker offering the Tech Financial trading platform. They currently have a huge trading competition, see here.

Are you currently trading with TropicalTrade? What was your experience? Are they a good broker? Please leave your review below.

  • slacker

    Hi Hristo Hristov,

    Thanks for your post. Just received a call from them, someone claiming as 1 of their Top 3 trader wanting me to trade with him.

    He called me back many times, it’s funny, if he’s a top trader, why would he even be bothered to trade with me, my funds should be peanuts to him.

    Triggered so many red flags, seems like they’re really desperate..

    • Hristo Hristov

      This site is gambling for me. You bet does it go high or low on certain time. It looks like horse gambling. But you have to know how to score on the wining horse. Advises on my “senior broker” were not adequate for senior broker. My expectations were as such to be more precise and wining. To tell you all the risks and to help to make at least some money in the beginning. Not to make you loose almost everything. And there were not a less money – 1K. Later, with what has left, I have made more successful bets than him. Also they take easy your deposits but when you want to withdraw is very long process. And they do not block the amount of money which you has wanted to withdraw. This way you can lose them in bets.

      • slacker

        That’s bad man, did you finally managed to get back your funds with them?

        Unfortunately, I made a mistake & deposited USD250 before the call so now i’m considering the options available.

        I’m also considering the following brokers, wonder if you have any experience with them.
        – OptionFM
        – Wynn Finance
        – Finpari

        • Why are you looking at unlicensed brokers? Go to this page: http://scambroker.com/top-rated-brokers/ and find a licensed and regulated broker.

          • slacker

            Hello,

            thank u for pointing that out.

            Just wondering whether do u guys have any experience using Banc De Binary?

            Especially regarding withdrawals as I’ve read so many -ve reviews about them.

          • Tan Yoong Kwong

            Licensed or unlicensed broker do not let broker agent trade for you.

  • Ernesto Carracedo

    Here go my long story with Tropical Trade.

    I opened an account with $250 in optionrobot.com last July and they assigned me Tropical Trade as my broker. I lost it all.

    Later, a “senior broker” convinced me to fund $2500 and place a trade in Apple stock because new iphone 7 will be launched.I won that trade, but the next day he offered me a risk free trade, where if I lose the trade I will need to make 30x trading volume ($120,000) to be able to make withdrawals. Well, I lost that trade and I’m now trying to achieve that $120k to be able to withdraw remaming money in account.

    Another thing that I found out in my account is that everytime I hit a price when placing a trade, it takes 1-3 seconds to accept my trade and in that seconds price changes.That has made me lose many trades, especially short term (30 seg, 60 seg, 2 minutes)

    • tankaiken

      yes I have similar problem like you, I has get the bonus 8500$ from them and I used that money to trade and win some trade, now my account balance have 16500$, i try to withdraw 6500$ but their say my bonus not met to the turnover condition, when i ask them what is the requirement for the turnover condition, have no one respond me, the same question i ask them twice