We’re going to provide you CherryTrade Binary Options Brokers Reviews in this post there are overall information that can help you to choose including: CherryTrade trading reviews, CherryTrade Customer reviews, CherryTrade trading platform reviews. You need to know all their advantages as well as disadvantages before making decision to trade.
CherryTrade is a freshman in the trading online industry and we found that CherryTrade to be a very interesting and clear binary options trading broker. CherryTrade was founded on 2013 and they offer their traders with a lot of good things. They brought an easy to use trading platform and overall quality of their website is good. You see clear and communicative layout when you first arrive to their site where all of traders can find all the necessary information easily and quickly. Let’s take a look at CherryTrade more closely.
Basic Information of CherryTrade:
- Online since: 2013
- Jurisdiction: Anguilla
- Software: SpotOptions
- Max Returns: 85%
- Bonus: 100%
- Minimum Deposit: $200
- Minimum Investment: $6
- Maximum Investment: $1000
- Currencies: USD, EUR
- Mobile: Yes
- Countries: UK, Canada, Australia, New Zealand, Belgium
- Pros:
- Good variety of options
- Small minimum investment
- Multiple base account currency options
- High payout rates
- Popular choice of trading asset
- User-friendly trading platform
- Types of accounts
- Highly competent support staff
Pros and cons of CherryTrade
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Pros:
- Good variety of options
- Small minimum investment
- Multiple base account currency options
- High payout rates
- Popular choice of trading asset
- User-friendly trading platform
- Types of accounts
- Highly competent support staff
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Cons:
- No demo account
- Not Regulated
- No longer accepts USA traders
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Review the broker about some main features:
Deposit bonus: CherryTrade offers a deposit bonus and other bonuses for current customers. The minimum deposit is $200 and customers need to trade thirty times their initial deposit withdraw their bonus money. This requirement is really fair and your first time deposit bonuses amount according to your initial amount. $20,000 is the maximum bonus payable. You should deposit as much as you can to take all their advantages of the sign up bonus.
Payout: CherryTrade offers fair account payouts as a master of facts you knew, their returns on almost investment of around 85% if your trade finishes “in the money”. With CherryTrade all of customers can make nice profit on their successful trades.
Deposit and withdrawal options: All commonly used credit cards are accepted by CherryTrade such as MasterCard, Visa, Diners Club etc. CherryTrade also accepts Maestro and Solo as well as wire transfer. The minimum deposit of CherryTrade is $200.
You can withdraw via credit cards and wire transfer and it takes typically 2-3 business days to be processed and 5-7 days to be shown on your account. It cost $30 to process wire transfer and the minimum withdraw is $100. Before processing the withdrawals proof of identity and residency need to be verified as law to do so
Simple User Interface: CherryTrade provides customers an easy to use web trading platform and it’s a system that runs well. CherryTrade runs on SpotOption software, it is a traditional graphic window based system and it has features a useful and really clear layout. It has multiple windows running at the same time so traders can keep more than one assets to trade. This feature is nice and good choice for traders if they are trading on short time frames.
Type of accounts: When it comes to variety of accounts CherryTrade has long list of choices and many unique features of each level account.
CherryTrade Classic Account: This is the lowest account level and with only $200 minimum deposit it all starts with CherryTrade Classic Account. In order $200- $499 as a classic level trader and you will get a sign up bonus of 25% of your initial deposit. You will receive daily and weekly market analysis as an added bonus of CherryTrade.
CherryTrade Bronze account: Higher level is the CherryTrade Bronze account and to achieve this level you must make an initial deposit of $500-$999. Of course you will receive bonus is 35% at this level. With higher level you will receive all the lower advantages and plus more such as four risk free trades and traders can access to weekly phone trading sessions.
CherryTarde Silver Account: The bonus of sign up that traders can receive is up to 50% with initial deposit of $1000-$4999. With this account level you will receive four $50 risk free trades and CherryTrade will provide nice auto trading signals. If you have well informed trading experience we recommend this account level
CherryTrade Gold Account: This account is good choice for traders that take their trading very seriously and they want to learn all they can about binary options trading. With CherryTrade Gold Account you must deposit from $5000 to $9999 and you will receive a nice sign up bonus of 75% and 50% bonus for subsequent deposit, four risk free trades of $250, free trade alerts, 3 months of free signals analysis, weekly technical analysis trading sessions, a personal account manager and 10% monthly insurance against losses.
CherryTrade Diamond Account
This is the highest account level on CherryTrade, it not only offers all the feature available to the others levels but also it provides a great bonus sign up of 100% and four risk free $500 trades.
Minimum deposit: Like other binary options broker, traders must have initial deposit before trading, CherryTrade has a low initial deposit to enter into an account level is $200.
Trading tools: CherryTrade offers traders a list of trading tools they are: 60 Seconds, Long Term, One Touch, Pairs, Ladder and High/Low. There are many different types of binary options trades that traders can choose from. With 60 second, trade is set in just one minute. Long term trade allows traders to hold trading position for weeks or months, even a year. With One Touch you can win as long as your trigger price is achieved within period time. You can profit off relative performance of assets that you choose that is Pairs. With Ladder options, trades that you place are complex investment. You can choose if an option is going up or down that is basic High/Low.
Customer Service: Traders can be helped via live chat, phone and email with several languages. CherryTrade has phone support around the world with 20 languages. They can solve and assist traders with any issues. You can contact with your account managers via skype if you want to use as your main communication channel.
Multiple Asset Investing: CherryTrade has a long list of tradable assets for trader to choose including: indices, stocks currencies and commodities.
Stocks: there are many stocks of major companies such as Microsoft, IBM, Google and etc
Best indices such as FTSE100, NASDAQ and NIKKEI225
Currency selection such as EUR/USD, USD/CAD, USD/JPY…
Commodities selection, you can find most traded commodities such as SILVER, GOLD, SUGAR, PLATINUM
Expiry Time Info: 60 sec, 5 min, 15 min, hour, daily, weekly, and more
Payout of Maximum Percentage: The maximum payout that CherryTrade offers about 85%, this rate is high average among others brokers.
Multiple Languages: They offer support with almost 20 languages available for traders to contact.
.Country available: UK, Canada, Australia, New Zealand, Belgium and no longer accept US traders.
CherryTrade App: CherryTrade provides same mobile application as all SpotOption brokers. Almost the same functions can be found in the mobile version, you can downloas from Google Play or App Store.
Best strategy to trade with CherryTrade binary options broker
If you don’t have much experience, let’s follow traders with the best success rate. You must choose the trades that they has high success rate and then you will make a profit.
If trader has many followers, he is able to make good trades constantly. A trader has big number of followers it is a good indicator and he knows tips that is valuable to others traders.
You should start with small amount per trade and then when you have some experience you can increase the stakes. You don’t need any hurry to win money, you just start carefully with small bets and then when you are sure you can raise the stakes to make a profit.
Conclusion:
This is all information about CherryTrade Binary Options Brokers Reviews that we provided you. CherryTrade has settled on popular asset choices, high payouts, a user-friendly trading platform, highly competent staff, etc. After two years, CherryTrade has attracted so many loyal customers. It is an interesting broker with intuitive trading platform. CherryTrade is worthy of your consideration.
Hope with this Cherrytrade Binary Options Broker Review post will help you really understand about this broker, should find other brokers that maybe suitable for your choice here.
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