ALERT: Tropical Trade is no longer in business
Visit the Top Rated Brokers page to find a licensed broker.
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].
Withdrawal problems and 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.
Warning: Most automated trading systems are really bad and do not make money.
Read more about the binary options trading scam.
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 License
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.
Payment processing is handled by: Cumberland Capital Ltd. Horton House, Exchange Flags, Liverpool, L23PF, United Kingdom.
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.
Are you currently trading with TropicalTrade? What was your experience? Are they a good broker?
Please leave your review below.