Trade Thunder is a binary options broker founded in 2015. The processing services are provided by Quetro Services GE, located at Nutsubidze Plateau 6, Tbilisi, Georgia. Also, according to a chat with their support team, clients form the United States are accepted, as well as clients form the United Kingdom. According to their Terms and Conditions page, tradethunder.com is owned by Thunderstruck Investments Limited DBA, based in the Commonwealth of Dominica, address Thunderstruck Investments Ltd 3rd Floor, C&H Towers, Corner of Great George and Great Marlborough Streets, Roseau 00152, Commonwealth of Dominica.
Is Trade Thunder a Scam?
Based on my research and Trade Thunders transparency, I think it’s fair to say that TradeThunder is not a scam. In fact, if they keep their honesty intact they will become one of the most popular brokers out there. Yes, they are still new but with minimum deposits as low as 20$ and 90% payouts and a fair bonus policy I am certain we can give them a chance! Of course, we can never be 100% sure this broker is completely safe without proper regulation. We’ve heard it’s on the way, but it’s already taking too much time.
Update January 2017: Since the last review there have been some more complaints about this broker. ForexPeaceArmy has several complaints from US based traders claiming they have not been able to make withdrawals. However, to balance that out, CommuniTraders forum member says his issue with the company was resolved and he was able to make withdrawals. Traffic to the website remains pretty low with 13,000 visits over the past month. Most of the traffic is coming from the US, Canada and Australia with some from India as well.
Editor’s Note – Why Trade Thunder Doesn’t Suck in 50 Words
TradeThunder doesn’t suck because they are clearly being open and honest about their terms and conditions … and they let you know who they are, the caveat is that they are no longer operated by the original owners and located in an offshore jurisdiction. In addition, they are using Leverate’s platform which makes binary options trading faster and easier than ever before.
Why Trade Thunder Does Suck in 50 Words
I tried to find something annoying or bad about Trade Thunder but to my surprise, they are (scratch that, were) doing all the right things! They’ve had some complaints pile up and they aren’t regulated so it’s one of those things where they could be the safest place ever, but there is nothing to help ensure it.
Should I Open an Account with Trade Thunder?
Trade Thunder is powered by Leverate BX8 which is a fairly new platform provider. The platform is unique and although different from other known and common platforms is still user friendly. The Leverate BX8 is very cool and performs as good as it looks. With only one click you can execute your trade just as fast as… yes, a thunder strike! Obviously, if you fear that you can’t control yourself you can turn the one click feature off. The time countdown is another awesome feature where a circle shows the remaining time on each of the available expiries. To make things as simple as possible, your ‘in the money’ trades are displayed as “winning” in green color and your ‘out of the money’ trades are displayed as “losing” in red on a line chart. For the short term lovers, you can prepare up to 4 assets for 60 second trading, also with one click execution. After that, all you need to do is to choose either high or low to execute each trade.
The downside of the platform is that there are only high/low binary options, no range or one touch or other type of exotic. They did make an improvement with the expiry though and have added Long Term with one month, 2 month, 4 month and 12 month expiry. A nice touch but I’m not sure how many people are going to be trading them though, its a little long.
The best part is that you don’t have to take my word for it. Trade Thunder allows any client to open a free no-deposit demo account! If you want to go live directly, there is not a problem since the minimum deposit is only 20$ and the minimum trade size is only 1$! However, in order to get a bonus or any kind of extra features the minimum deposit is $200. Trade Thunder’s payouts are very competitive in this industry and who doesn’t love high payouts? With returns as high as 80% on the EUR/USD you won’t have any trouble making a decent turnover.
There are various account types depending on how much you deposit. What I like about Trade Thunder is that you don’t have to be a millionaire to get access to the “VIP perks”. You can unlock decent offers with only 200-1000$ deposits although it will take $5,000 to get the actual VIP account. When it comes to education, Trade Thunder is as welcoming as its nice looking platform. The videos are available without the need of registration and there are of great value to anyone new to the trading world.
I saved the best for last, Trade Thunder’s transparent bonus policy. This broker does not steal your money using cunning policies. You can get up to 100% bonus and every time you reach a 10% of the total required volume, 10% of the bonus will be available for withdrawal.
In conclusion, Trade Thunder seems to be a broker that has learned from the mistakes of other brokers. They have surely listened to what traders need and what traders hate and that is a big plus, especially for the US traders who look for a reliable broker that isn’t CySec regulated. The bad news is that it looks like they have fallen a bit short of the initial goal which leaves NADEX as the best choice for US traders.
Update August 2016: Some complaints have appeared in our Comments section below this review. The platform receives the most part of these complaints, with people calling it slow and glitchy. That comes as a surprise because Leverate is a huge technology provider for the Forex industry and I would have expected them to have a stellar performance in the binary options industry. Well, I guess there’s always room for improvement.
Update January 2017: Some more complaints have arisen in recent months, mostly concerning withdrawals and the lack of receiving them. One complaint, as mentioned above, was handled satisfactorily but many others, particularly those listed on FPA, have not been.
Trade Thunder has a great bonus policy. That is, it was until the EU brokers began to use the floating Bonus Money Ratio to determine how much of your profits was based on real money and therefore withdrawable. Just like us traders, Trade Thunder is also aware that traders don’t like the current bonus policies of brokers that restrict your withdrawals. Allow me to quote their own words; “Our motto is simple, “Your money is your money”. YOU CAN WITHDRAW ALL FUNDS IN YOUR ACCOUNT, NO QUESTIONS ASKED!! There are absolutely no withdrawal restrictions when you receive a bonus.”
There is of course still a required volume of 30 times the bonus amount that has to be reached but they also describe how this works in their “no restrictions policy”. The way this works is that every time you reach a 10% volume of the total required volume you will release 10% of the bonus for withdrawal – simple and fair right? On top of this great deal, your bonus does not expire which is a problem with some other brokers and their time limitation.
Update August 2016: The volume requirement for the bonus withdrawal is now 40 times the bonus.
Prior to any withdrawal requests you need to provide valid documentations such as a utility bill with your name and address and pictures of your ID. Withdrawals are free from charge unless the withdrawal method is via Wire transfer. Once you have requested for a withdrawal, allow 3 to 5 business days for the withdrawal to be processed. The minimum withdrawal amount via Credit Card is $50 and via Wire transfer $500.
Update August 2016: The minimum wire transfer is now $300 and all wires are subject to a $35 fee.
User Friendliness 18/20
The platform is very user friendly and the education center provides enough information so you can get started. A free demo is also available in case you still don’t understand how the platform works.
No. of Assets and Expiry time 16/20
Number of assets are still pretty low, only 44 and the expiries are ranging from 60 seconds up to hourly. At this point there are no touch or boundary options.
Update January 2017: The asset list is much better, it’s hard to say how many exactly because it varies with market times (over 100) but there are more forex pairs, more indices, more commodities and more stocks.
Commissions, Support and Effective Return 18/20
The support is available via live chat 24/6 on the website. The returns are among the highest in the industry, reaching up to 90%. There are no commissions or fee for opening an account, fees may apply for withdrawals via wire transfer.
Deposit, Payment and Bonus 17/20
There are two deposit methods currently available, Credit Card and Wire Transfer. The minimum deposit is only 200$ and the maximum is 5000$. Withdrawals can take up to 5 business days but first you need to verify yourself by providing ID and proof of address. The fee for wire withdrawals is $35. Bonuses reach up to 100% and usually require you to trade a volume of 30 times the bonus but bonuses do not restrict your own money, see bonus section above for more details.
Update August 2016: Their lowest account is named “Standard” and requires a minimum deposit of $200. The bonus requirement is now 40 times the amount received but client’s money (without the bonus) can be withdrawn before this volume is reached.
Website Extra’s 15/20
The One-click feature is the unique way of trading, when it is turned on, it executes your trade when you choose High or Low without any delays or need for confirmations.
TradeThunder Overall Ratings = 84/100