Nowadays, CherryTrade is one of the top binary options brokers that proposes high payouts, which are up to 81%. It offers not only generous outcomes but also a fully web based platform without extra software downloads for convenient trading throughout the world.
Trading process with CherryTrade broker is very simple, so any past involvement in trading is not required. Additionally, the company provides users with educational resources with an eye on users possibility to learn and improve their skills. Lots of materials are offered to speed up the process of studying: introductions to video library and binary options, articles on market analysis and trading psychology, trading video courses and e-books on financial management.
The platform is easy-to-use and the trader may choose a wide range of assets that are presented for users. CherryTrade platform allows its clients to choose any of 4 trading assets that include the most well known currencies and commodities, stocks and indices across the globe.
CherryTrade.com Review - Trading Instruments
On CherryTrade platform, investors are able to trade on Binary Options, Pairs, One Touch, 60 Seconds, Long Term, Ladder and Ifollow options. Also, the broker offers two attractive options like Double Up and Rollover that can be pretty useful to get additional income. One Touch options offer maximum profits on your investments - up to 500% per trade. It is a trader's decision whether the asset price will touch a higher or lower price point within a predetermined earlier time window. The price point the asset must touch is set by the broker.
Probably the trader will need Double Up, a feature that helps to create a new position with the same conditions inside the first trade. You can really double your earnings if you feel certain of the asset price way that you have predicted. Please note from this Cherrytrade.com review that you should not use this feature too often, as a rule, brokers do not like it.
Rollover enables you to postpone the expiry time of an option, giving the position a chance to change the direction you chose. It gives the trader an opportunity to get it right and close the trade “In the Money”. In this CherryTrade review, we ask you to note that rollover is available up to 10 minutes before expiration time and can be used once per open position.
CherryTrade Review - Demo Account
For beginners who have never traded binary options, it's hard to start trading directly on a real account where they can lose money by inexperience. Therefore, users often ask about the Cherry Trade demo account availability. Unfortunately, at the moment, this company does not provide such practice account. This is not surprising because the provider is pretty new, but perhaps users will be able to try demo account in future.
Cherry Trade Minimum Deposit
There are several account types, which you can open relating to the sum of the Cherry Trade minimum deposit:
1. Basic – up to $1 000 Cherry Trade minimum deposit
2. Professional – up to $5K deposit
3. Expert – up to $10 000 deposit
4. VIP – up to $25K deposit
CherryTrade Review - Bonuses
Welcome bonus is dependent on offers that the account manager will have at that moment. If you want to take advantages of bonuses, you need to speak to an account manager regarding your account. Bonuses cannot be given without this approval. This broker attracts its customers by a pleasant bonus called Refer-a-friend bonus. When a friend opens a new account by your referral and invests amount of money from at least $200, both you and your friend get a $50 bonus in about 2 days after the request approval. In case of CherryTrade withdrawal, it is required to make trades on the amount which is equal to 30 credited sums of bonus. As well your friend gets a referral to be able to get the same bonus offer.
It is very easy to register at CherryTrade and to begin trading with real money. All its investors can open a trading account in one of five currencies, which are: EUR, USD, CAD, AUD, GBP. A deposit can be made by credit card, CashU, Maestro, wire transfer or eWallet option. A credit card investment method is fast and secure, and CherryTrade supports such cards as MasterCard, Visa and Visa Electron, Delta. In case of Maestro and Solo you need to register a 3D code with a bank before depositing.
Each CherryTrade withdrawal is supervised by its financial department. Its process takes about 5 business days after the request approval. There is a $30 fee for wire transfer withdrawal, but in case of credit cards, it is free. The minimum withdrawal sum for wire or credit card transfer is 100 USD, but it depends on your account currency. The company gives an opportunity to cancel your CherryTrade withdrawal during the period of its process, that way, returning your funds to your personal account.
Before you make any transactions you will be required to provide a proof of identity to the CherryTrade Accounting Department. It is done to secure the process and to avoid laundering of money.
Cherry Trade Scam
As we have already mentioned in our CherryTrade review, this broker provides a large assets selection toward traders could have options for their choice. It also offers a wide range of time periods for options – from 30 sec to weeks.
But what about the truthfulness and responsibility of CherryTrade? Can anyone honestly argue about Cherry Trade scam? Searching the web on the fact of Cherry Trade scam, we have found that generally this broker is trusted and used widely. Very rarely there could be found either complaints or comments that it is a scam. But do you think that everything on the net is a truth? So it is necessary to treat some negative claims about the broker. Consider that if someone lose his trades, it doesn't mean that there is a Cherry Trade scam. You should remember that there is always a chance of total or partial money loss during the trading. CherryTrade recommends not to invest amounts of money that you can't afford to lose if you are not completely sure in winning. As always, we advise you in this CherryTrade.com review to read all terms and conditions of the company in order to avoid misunderstandings and mistakes in your trading.