The information below is relevant to the brokerage CherryTrade.com
- • Min Deposit: 200 USD
- • Welcome Bonus: up to 100%
- • Max Pay-out: 81% on the classic binary options, up to 550% on one touch, and up to an industry leading 1500% on ladder options.
Information about Brokerage
- • Founded: 2013
- • Platform: Spot Option
- • US Clients Accepted: Yes
- • Minimum Deposit Amount: $200
- • Deposit Banking Options: Credit/Debit Cards, Neteller, Money Bookers, Cashu, and a Bank Wire Transfer
- • Currencies Accepted: USD, EUR, GBP, CAD, AUD, JPY, SEK
- • Withdrawal Duration: 5-7 business days
- • Support Email: firstname.lastname@example.org
- • Availability of support: 24 hours a day, 5 days a week
Detailed Broker Review of CherryTrade.com
Cherrytrade is a Binary Options brokerage founded in 2013 and has its headquarters in Gibraltar. Although relatively new in the industry, Cherrytrade is constantly growing and is already gaining a reputation as providing top tier services to their vast amount of clients. CherryTrade’s web-based, user-friendly platform and their outstanding, second to none educational center are two main reasons that set them apart from others in the industry.
• Trading Platform and Features
Cherrytrade offers a wide range of trading options including the classic call/put binary options which are the most popular option for most traders, with the ability to trade from a variety of different expiration times. Cherrytrade offers over 80 assets to trade on using the classic binary options in 4 different markets that include, some of today’s leading stocks, currency pairs, commodities, and indices.
CherryTrade also offers One Touch trading, which has a pre-determined expiration time and goal rate, with profits that can reach as high as 550%.
Another trading feature that is available with Cherrytrade is pair trading, that every day is becoming more and more common with traders. Pair trading is similar to currency pairs in that it pairs two assets of the same market together, where the trader has to determine which asset will outperform the other also making this form of trading safer than other forms of trading.
60 second trading is another great feature offered by Cherrytrade, with preset expiry times, including 30 seconds, 60 seconds, and 120 seconds. The best times to utilize this option is when markets have very high volatility. The reasoning is that when the markets are highly impacted, they tend to react very suddenly, leaving many opportunities to profit.
CherryTrade is 100% web-based meaning you can access CherryTrade’s platform from anywhere in the world with an internet connection. Clients can also access CherryTrade from their smartphone and tablet devices.
The newest, most innovative, and distinguished feature that Cherrytrade has to offer is Ladder Options. Ladder Options combines the classic Binary Options Call/Put style of trading, in an assortment of price levels, at different intervals within an asset, for traders to predict the magnitude of market movement on; similar to steps on a ladder. The trader determines whether the asset price will close above or below the predetermined price level at the time of trade expiry. With Ladder Options traders can trade up to an incredible 1500% profit.
• Trading Accounts and Pay-outs
Cherrytrade offers a wide range of accounts for both novice and experienced traders including basic which is suitable mostly for experienced traders who want to test out the platform, professional which is best suitable for new traders wanting to take advantage of Cherrytrade’s top of the line educational center, expert, VIP, and corporate. Depending on the level of account the client decides on, they will be offered promotions and welcome bonuses accordingly.
Currently CherryTrade does not offer a demo account, for traders who want to operate the platform before making their initial deposit.
In order to register with CherryTrade clients can contact CherryTrade’s outstanding customer support and have an agent walk them through the full process, or they may also register themselves using CherryTrade’s very user-friendly platform.
The minimal initial deposit that a trader can open an account with CherryTrade is $200. Every client that registers with CherryTrade, even from the minimum amount up to the corporate level are assigned a dedicated account manager. This account manager will contact the client upon registration and will assist them further with opening their trading portfolio.
CherryTrade offers a variety of education tools right on their platform for both novice and experienced traders, including tutorials and even an online e-book.
The minimum trade a trader can place is $5 on 60 seconds, $25 on the classic binary options, pairs, long term, and ladder options, and $50 a trade on one touch.
The maximum amount per trade on the classic binary options, pairs, and long term is $5000, on ladder options and One Touch the maximum amount is $500 per trade.
• Banking Options
CherryTrade provides several ways of transferring funds in and out of a client’s trading account. Including credit/debit cards using a Visa or MasterCard. Other ways of making a deposit include: Neteller, Money Bookers, Cashu, and a Bank Wire Transfer. CherryTrade has a very quick withdrawal process that usually takes between 5-7 business days. After their initial deposit, clients undergo a verification process in order to withdraw funds.
• Customer Support
CherryTrade offers an outstanding customer support available 24 hours a day 5 days a week, and can be contacted via Live Chat, telephone or email. If the client requests to speak with a specific agent or broker, please anticipate a 1-2 day reply via email or by phone.
Why Choose CherryTrade?
- • User-Friendly platform
- • Amazing educational center
- • Quick and stress free withdrawals
- • Professional market analysts
- • Industry leading payouts
What to expect when trading with CherryTrade?
Traders both new and experienced alike can expect an innovative trading platform supported by an amazing staff of agents, and some of the most proven brokers in the industry. Depositing is hassle free and simple. With these benefits and various others, it’s no wonder way so many traders today are choosing to trade with CherryTrade.