Trade Thunder Binary Broker Review
Trade Thunder certainly manages to make an early impression with the name alone and it came as little surprise to see that this is one brokerage that is more than happy to accept US traders. They release new features and platform improvements faster than just about anyone else too, so traders can always expect to be on the cutting edge of trading when making use of this brand. We were extremely keen to see what Trade Thunder had to offer for ourselves and we did of course do exactly that in order to put together this review!
Trade Thunder Accounts
Getting straight down to business, our first task was to see what Trade Thunder had to offer by way of accounts. They make use of a familiar tiered system whereby the perks and bonuses increase as traders make their way through the levels, while they are initially placed at a certain level based on the value of their very first deposit. There are no secrets when it comes to these tiers either and traders can take a look at exactly what is currently on offer as soon as they land on the site. However, at the time of writing this review, the following are the accounts and perks that are currently available.
The Standard Account
There are no mini or micro accounts here, as new traders that make the minimum deposit of $200, or anything up to $599, will immediately be assigned a Standard Account. This level comes with a welcome bonus of forty percent, a weekly market review and an invitation to two live webinars that discuss both the current market state and trading in general, giving newer traders a leg up on exactly what to keep an eye out for.
The Premium Account
The Trade Thunder Premium Account does of course offer traders a leg up on the standard offering and any deposit of between $600 and $999 will see traders landing on this level. The signup bonus rises quite a way, pegged as it is at sixty percent of the first deposit amount, and traders will be able to take advantage of everything that the previous tier has to offer, including the webinar invites, together with two weeks of completely free trading signals which can be immensely helpful in getting an account off to a good start.
The Pro Account
If you’re a reasonably experienced trader then the Pro Account is well worth a closer look, particularly due to the 75 percent welcome bonus. This applies to any first deposit of between $1,000 and $4,999 and the improvements over the Premium Account are certainly clear to see. The number of webinar invites rises to four, while the free trading signals period is extended to an entire month. There are even three risk free trades included within the package, making this a great account for the majority of traders, although Trade Thunder certainly hasn’t stopped there.
The VIP Account
Any trader that kicks off their membership at Trade Thunder with a deposit of $5,000 or more will instantly be assigned to the VIP level. Here, the first deposit is doubled and traders will be able to attend every single webinar that Trade Thunder puts on. The maximum trade amount is raised to $500 and the free trading signals of the previous account types are now available for the lifetime of the account. The number of risk free trades is also raised, this time to five, allowing any trader to gain a good grasp on the current market with absolutely no risk at all.
The Trade Thunder Platform
Trade Thunder makes use of the excellent Leverate trading platform within its software and while this is certainly not the most ubiquitous platform in trading, it packs in all of the information and features that traders have come to expect. Perhaps our favourite aspect of this particular platform is that anyone using it will get the feeling that absolutely no space is wasted, with some sort of important functionality or information taking up absolutely every inch of the screen.
There is more to the platform than just information too, as traders can take advantage of more than a hundred assets across stocks, commodities, indices and currencies and place just about every combination of trades imaginable. The Trade Thunder offering is also notable for allowing investors to place one of the smallest minimum trades that we have ever seen – just $1 is enough to get the ball rolling, ensuring that even small-time investors can make full use of everything that their accounts have to offer.
Trade Thunder Customer Support
Support is offered at all times at Trade Thunder by email, which is supported by live chat and telephone access. It is everything that we would expect from a robust platform without being overly spectacular, but it is safe to say that we can have absolutely no complaints about the overall levels of support and the quality and timeliness of the responses.
Managing Your Money
You’ll already have noticed that Trade Thunder is happy to accept a minimum trade value of $1 and this is echoed by the minimum deposit amount. While you will need to deposit at least $200 initially in order to be assigned to an account tier, subsequent deposits can be made for as little as $20. That’s one of the lowest levels that we have ever seen in the industry and while the actual deposit methods are somewhat limited – a common occurrence at any brokerage that accepts US traders – we were really happy to see a broker that was as willing to accommodate even novice traders.
Withdrawals are smooth and while they are not the fastest in the sector, a processing time of between three and five days is certainly nothing to complain about. The fees are noticeably lower than many competitors too, so we really have to give Trade Thunder full marks where banking services are concerned.
Trade Thunder in Summary
We actually really enjoyed our experience with Trade Thunder and would even be willing to put it right up there among the best of the bunch when it comes to US facing brokerages. The platform can take a little getting used to if you’re more familiar with the likes of SpotOption, but that will take a matter of hours at the most. The different account types all offer tangible improvements over the previous ones and we are happy to recommend everything about this broker.