Trade Thunder Review

The binary options trading has come a long way over a short period of time and has prompted many brokers to join the bandwagon. Tradethunder is also a new addition to the host of other binary options broker, which offers a variety of services to the global client. The main reason for the review of the TradeThunder is that it accepts registration from the United States nationals. The article discusses in detail the various pros and cons of the TradeThunder so the readers can take an informed decision.

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This Review Contains Following Parts:

  • Trade Thunder Review 2015
  • Different Accounts Suit Different Clients
  • Trading Platform
  • Demo Account
  • Payment Options
  • Banking
  • Withdrawals
  • Education Center
  • Customer Service and Support
  • Deposit Bonuses
  • Our Final Thoughts
  • References And Further Reading

Trade Thunder Review

Tradethunder was established in 2015 in the United Kingdom. The company is owned by Thunderstruck Investments Limited and it is located at 3rd Floor, C&H Towers, Corner of Great George and Great Marlborough Streets, Roseau 00152 Commonwealth of Dominica.  Tradethunder also boasts of being one of the first binary options broker powered by Leverate’s Bx8 platform. Leverate is a well-known name in the forex trade industry and provides multiple solutions to trading services. Tradethunder’s processing is being handled by Quetro Services GE from Nutsubidze Plateau 6, Tbilisi, Georgia.

A discussion with their support service revealed that they do accept registrations from the United Kingdom and the United States besides other countries.  This is very heartening for the traders from the United States, as there are limited brokers who are accepting their registrations.

 

Trade Thunder main page

Trade Thunder main page

The website and the platform

The website of the company is prominently in black, red and white colors to catch your eyes. When you open the homepage of the website you can see login details along with few tabs about various options. On the front page has a transition screens showing scrolling pictures with messages regarding the benefits of trading with the broker. On the same page at the bottom of the screen, scrolling currency pairs with their pricing are put along with informational messages. The site has one prominent feature which is almost intruding, is support options. It has live chat option put up on the right side of the website and also has a bottom drawer for the same chat option. Its support option on the right also includes call back option for the customers.

The site compared to other binary options broker lacks a lot of features including a demo account options. To trade in a demo account, you have to register on the site to go for a demo while a lot of competitors offers a demo on a click of a button and without registration. The website features tabs with the trade now, open account, banking, and education options amongst others. The navigation from one screen to another is simple and easy and can be learned fast. The site provides a lot of education information like what are binary options? Why binary options? How to trade? FAQ and economic calendar. Besides offering the website in English language, it supports Deutsch and Spanish. The website is well laid and gives a sense of simplicity and easiness.

The simplistic design is also used in the way trading is conducted. It offers one-click option trading through its powerful Leverate Bx8 platform. Leverate with over 10 years’ experience of forex trade market and over 150 forex broker using their platform, has developed this software to provide complete comfort to the end user. Traders are offered to trade “high/low” binary options by just clicking on either high or low button. The trading screen of the platform shows four separate assets and provides an option for very fast 60-sec trade. In the trading window, everything is laid on a single page so you don’t have to jump from screen to screen to complete the transaction.  The well-laid screen also provides your financial information on the same page.

The site offers “High/Low” binary options for the trade, and once the asset and duration have been chosen the trader just needs to click the high or the low button at the bottom to execute the trade.  Currently, it offers more than 80 assets under four categories of currency pairs, stocks, indices, and commodities.   TradeThunder can be accessed through any windows based browser and is not available for MAC environment. You can register your account without making a deposit and visit the trading room on the site.

 

trade thunder platform

trade thunder platform

Deposit and withdrawal

The company offers basically two types of deposit methods; credit card and wire transfer. The company accepts any Visa or Master credit card to deposit and withdraw funds and has not deposit charges. Though the company offers minimum deposit amount of $20, it recommends depositing $200 for its standard account with some good benefits. The company limits the maximum deposit amounts to $5000 and for more than $5000 deposition you need to get the help of their ever attentive support.

The company asks for ID to confirm to the KYC requirements but doesn’t provide details on how much time does it take to complete the formality. The withdrawal in the site is through the support services and takes about 3 to 5 days, which is a little longer than the other binary options brokers. Though it does not charge any fees on withdrawal, it has caps of minimum withdrawal amount. The minimum withdrawal amount for credit cards is pegged at $50 and for wire transfer, it has been kept at $500. This is a bit let down, as competitive options broker allows you to withdraw as low as $10 and even less, for some specific cases.

 

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Accounts, Sign up and Bonuses

The website offers easy and convenient signup with generic fields for the new customers. The company requires you to put your name, email, country of resident, currency choice, date of birth, full address and asks you for your ID to complete the Know Your Customer requirements.

The site has ‘refer a friend’ program under which if you invite your friend and, he registers and makes a deposit of more than $300, you receive $50 bonus. TradeThunder also gives free risk-free trades on deposit above $500 to its clients. Currently, the website offers bonuses not only in monetary terms but also with some well thought out goodies through its variety of accounts. The various accounts with their benefits are listed hereunder:

  • Standard Account
    • It requires $200 as minimum deposit
    • It gives up to 40 percent of initial deposit amount as bonus
    • It allows you to attend 2-free webinars
    • It provides Weekly Market Review from the TradeThunder
    • It gives you an access to education center on the binary options trading.
  • Premium Account
    • It requires $600 as minimum deposit
    • It gives up to 60 percent of initial deposit amount as bonus
    • It allows you to attend 4-free webinars
    • It provides Weekly Market Review from the TradeThunder
    • It gives you an access to education center on the binary options trading.
    • It offers 3 risk-free trades
    • It gives you a free access for 2 weeks to its proprietary signal services.

 

  • Pro Account
    • It requires $1000 as minimum deposit
    • It gives up to 75 percent of initial deposit amount as bonus
    • It allows you to attend 6-free webinars
    • It provides Weekly Market Review from the TradeThunder
    • It gives you an access to education center on the binary options trading.
    • It offers 5 risk-free trades
    • It gives you a free access for one month to its proprietary signal services.
  • VIP Account
    • It requires $5000 as minimum deposit
    • Max trade amount to $500
    • It gives up to 100 percent of initial deposit amount as bonus
    • It allows you to attend all webinars absolutely free
    • It provides Weekly Market Review from the TradeThunder
    • It gives you an access to education center on the binary options trading.
    • It offers 5 risk-free trades
    • It gives you a free access for a lifetime to its proprietary signal services.

 

Trade Thunder payment methods

Trade Thunder payment methods

Payouts & Trading

The trading platform provides only one type of binary options that is High/Low options. These options have payouts up to 90 percent of the invested amount, this is quite competitive and is in the upper strata of industry standards, with the lowest possible investment amount of $1. This is a good option as it allows to do more number of trade for the value of deposits compared to a lot of other brokers.

If you are a swift trader and prefer a fast paced trading options than you will not be disappointed with TradeThunder as it provides various faster expiry options such as 60 seconds amongst others. It is also suitable for professional traders as it provides trading in various assets. The combination of one-click operation and fast paced transaction can provide you a high adrenaline rush. It also offers, the binary options with an expiry time of 5 minutes, 15 minutes, 30 minutes and 1 hour to suit your requirements.  This clearly means that the platform targets a specific set of traders who wants to exit fast from the trade and offers limited or no option for the long term traders who keep their position open overnight or even for a couple of days.

Trade Thunder economic calendar

Trade Thunder economic calendar

Support

The benefit of a good broker is that there will be processes and instructions in place in the case should you require support from the TradeThunder team. The company is located at 3rd Floor, C&H Towers, Corner of Great George and Great Marlborough Streets, Roseau 00152 Commonwealth of Dominica.  It is also heartening to see that the business offers service support to its clients over a phone (United Kingdom: +44-2031 501 861, Canada: +1-613-8007 560 and the United States: +1-646-755-6101), e-mail and also through live chat. The customer support is available 24 x 7 and the support team is responsive too. The company also offers call back option to its clients for their various account opening requirements.

Though the company’s website is available in English, Deutsch, and Spanish, it supports no other language which may be a big letdown for other language speaking clients. The company provides detailed FAQ to resolve all your queries and support through email or phone, one of the most heartening things is that it does provide the web chat options. In an online scenario, web chat is one of the most convenient and faster options to resolve your queries and which is a must when real money is involved in it. Though I had used live chat for registration and their response was swift, I cannot comment about the after sales service part of the support system.

Most of the customer reviews we have seen have written only good experience but in some of the customer reviews, we found that there are complaints which have surfaced regarding glitches on the site, but that is expected as for any new broker.

trade thunder support

Trade Thunder Support

The Verdict

The TradeThunder offers clear advantages specifically to the United States clients as there aren’t many who accepts registration of the US residents, but when it comes to other nationality it seems restrained. The ease of operation on the site, the competitive cost of trading, the support system of the site, and the processes it follows, makes it a good broker.  But on the other side, no mention of license for being broker creates some doubts. Also, the focus of the company seems to be more in the US, the UK, and the Canada client, and on day traders, which makes the long-term traders and traders from other nationalities choose it carefully.

The limitations prompted me to check other top binary options broker like IQOptions and Banc de Binary, in order to provide comparative information.

The IQOptions has one of the most intuitive websites and provides learning tools for the newbies. It also has excellent payouts up to 91 percent and allows to deposit as low as $10. Also, it offers minimum investment trade of $1, which is the lowest investment amount allowed per trade by binary options broker. Though it offers a maximum investment per trade at $1000, it has lowest trading amount per option trade is as low as $1, making it the best retail binary options broker. It offers a choice of accounts like the free account, the real account and the VIP account with a plethora of services and options for the traders ranging from newbie to professional binary options trader.

The another one is Banc De Binary, which is one of the oldest binary options brokers who has been around since 2009. It is also known for its generous bonuses including up to 100 percent sign up bonus, referral bonuses, and surprise bonuses which are offered at a will by Banc De Binary. It also offers generous payouts ranging from 60 percent to 91 percent of invested amount. The minimum deposit starts from $250 whereas it allows trading as lows $1 per trade, while maximum investment amount is capped at $6000 per trade. It also offers a variety of accounts to cater to the needs of varied types of consumers; the micro silver accounts for beginners, the standard gold account for intermediate level traders, the personal management account for high-frequency professional traders and the premium account for full-time professional traders. The highlight of the Banc De Binary is that it offered a tailored account for Muslim traders termed as the Islamic trading account which is formed on the principles of Hibah. It also offers an intuitive trading platform with tools to learn the binary options trading for beginners. It offers the highest possible resources about 200 to transact including currency, commodity, precious metal, stock indexes and stocks.

Overall, considering all the aspects of the binary options trading, TradeThunder offers a distinct advantage for the United States residents, as it accepts their registration and allows them to trade on its platform. The US residents have very limited choices in terms of the binary options trading, and hence this can be a good option for them to trade on. But for the rest, I would recommend going for a regulated broker like IQOption or Banc De Binary, who are well established and has a reputation of being the best in the business.

Overall review we will give Trade tTunder 4,8 stars out of 5 as a binary options broker site. [yasr_overall_rating]

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Written by Michael Allen

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Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.