Trade Thunder is a recently launched UK-based binary options broker founded in late 2015 and is the first binary options broker to launch on the new Leverate BX8 platform. With over 80 assets available to trade including stocks, commodities, currencies and indices, traders who have discovered Trade Thunder have so far been impressed with their innovative platform.
As far as withdrawals are concerned, TradeThunder offers traders a choice methods with a customer support team readily available via email, web form or live chat to assist with the withdrawal process in the event this is needed. TradeThunder’s efficient withdrawal service is easy for traders to initiate with strict security measures in place to protect their client’s details.
TradeThunder is undoubtedly one of the most exciting binary options brokers around, although being one of the industry’s newest players, they are not yet regulated. To follow, we check out this broker’s withdrawal policy in order to ascertain whether clients can expect to experience a satisfactory withdrawal process.
TradeThunder Withdrawal Steps
Making a withdrawal with TradeThunder is straightforward. To process a withdrawal request, clients need to log into their account via the website, click on “Withdrawal” and complete the required information. All clients are asked to submit compliance documentation in order to validate their account. This includes photo ID, proof of residence by way of a recent utility bill and a photocopy of the front and back of the credit card used to make the deposit.
Trade Thunder will withdraw the client’s funds using the same funding method used when the initial deposit was made following the client’s withdrawal request, as detailed below.
Trade Thunder Withdrawal Methods
At present, TradeThunder offers a choice of different payment methods including credit card (Visa/MasterCard) and bank wire transfer for traders who would like to receive payment into their bank account directly. This avoids having to share any payment information with any third party service. Clients may also request a withdrawal via Skrill or PayPal.
TradeThunder will generally process withdrawals within 2 business days of receipt. It usually takes at least 5 business days for the money to reach the credit card or bank account that was used to deposit funds due to the additional security procedures in force. The minimum withdrawal via credit card is $50 and $500 for bank wire transfers. While there is no fee to withdraw via credit card, bank wire withdrawals may incur fees.
Trade Thunder Withdrawal Proof
Trade Thunder Bonus Withdrawal
TradeThunder offers an innovative bonus scheme and the company claims to have no withdrawal restrictions. Their bonus is, effectively a rolling bonus which is released as you trade, hence, every 10% of the required trade volume releases 10% of the bonus into a trader’s account and this can be withdrawn at any time. The volume requirement to earn the total bonus is 30 times the bonus amount.
Clients looking to make a withdrawal with TradeThunder should however note their terms and conditions state that withdrawal of funds which have received additional rewards or bonuses require a trading volume fulfillment of 30, 40 or 50 times the bonus amount. In our opinion, further clarity would be desirable in this area and any potential clients are urged to check the withdrawal terms for each specific bonus they decide to accept.
Trade Thunder Withdrawal Summary
Being a new broker, TradeThunder has not yet acquired a track record, hence our research has not revealed much in the way of complaints. For this reason, it is early to say whether it is a legitimate broker which fulfills its withdrawal obligations. There is one outstanding fraudulent claim and a few clients have submitted complaints concerning technical issues but since the broker is still expanding its list of services and capabilities, some hiccups are to be expected.
With a professional customer support team on hand, clients can be assured that there is access to a variety of ways in which to get help if it is needed, but as we already noted, TradeThunder is as yet, not regulated. This may deter some traders and is an important point to bear in mind should a withdrawal issue arise.
We also feel that further clarity is needed in terms of its bonus trading requirements prior to withdrawals being permitted. There is conflicting information on the website so traders are advised to thoroughly check the withdrawal policy relating to each individual bonus.