Cherry Trade Review

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Binary Options Reports

Cherry Trade Review

Cherry Trade Review

Cherry Trade is a the newest, and probably sleekest new binary options broker utilizing the Spotoption software and offering 60 second options for traders world wide including the USA.

Trader’s Snapshot:

  • Minimum Deposit: $200
  • Minimum Trade: $5 On 60 Seconds
  • Accepting US: Yes
  • Demo Account: No

Secure Trading Environment:
Cherry Trade provides a completely safe and insulated trading environment. The cashier, as well as all your financial transactions are coded and stored using a 128SSL encryption key. Management is very aware of issues such as identity theft and credit card fraud, so all your credit card information is hidden and only the last 4 digits are exposed for functional purposes.

Signing Up:
Registration is super easy, with only 5 fields to fill out all you basically have to do is click the submit button and you will be immediately re-directed to the cashier in order to fund your account.

Bonus Structure:
The incentives are provided based on account types, which are basically variants of deposit amounts. Accounts are divided into classic, bronze, silver, gold, and diamond which gets you a full 100% match up bonus. Trading volume requirements stipulate 30 times the deposit amount, so each dollar you get has to be traded X 30 before you can cash it out.

Educational Tools:
Instructional materials include a video library, courses on trading psychology, risk and money management strategies, market analysis, and free E-books for investors.

Mobile Trading:
This broker offers trading on IOS as well as Android, so you will be able to trade using your iPhone, Smartphone, iPad, or tablet.

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    Free Trading Education, Free Demo Account!
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  • Binomo
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    Good Broker. Only For Experienced Traders!

Trading Options:
Cherry trade offers the standard trading package for Spotoption:

  • Digital: The standard binary options format, simply guess the general direction of the trend (Up/Down or Above/Below) and your contract will expire in the money.
  • One Touch: This feature is designed for more experienced investors who think they can predict if an underlying asset will reach the pre-determined support line during a fixed time-frame (which is actually set prior to the contract being purchased). Obviously the payouts are significantly higher (as much as 600% at times) but the risk is enormous and since its very hard to speculate correctly I wouldn’t recommend it for someone who is just starting out.
  • 60 Seconds: By far the most popular form of trading, with investors from across the world looking for this highly addictive vehicle.
  • Pairs: This is just a tab from the main menu which allows you to trade currencies directly without having to look at he sub-menu.

Assets Index:
Currencies: Bitcoin/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, NZD/USD,
USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY, USD/ZAR

Commodities: Coffee, Gold, Oil, Platinum, Sugar, Wheat, Silver.

Stocks (Partial List): IBM, Microsoft, Apple, Nike, Coca Cola, BP, Lukoil

Indices: CAC, DAX, Nasdaq, S&P 500, Nikkei, FTSE, Tadawul.

Banking (Deposits & Withdrawals): All major credit cards are accepted, including Visa, American Express (Amex) Mastercard, Maestro/Switch, Solo, Visa Electron, Delta Card, as well as Debit and Pre-paid cards. Cashing out is done via wire transfers only at this time.

Accepted Currencies:
You can fund your account using USD, EUR, AUD, CAD, and GBP.

Customer Service Desk:
Service is amazingly professional with ultra fast response times. I was able to get all my questions answered promptly and courteously by a highly trained agent who spoke native English. However, if you are looking for service in other languages like German, French, or Italian, you will need a broker such as Banc De Binary or 24Option.

Conclusions and Recommendations:
Cherry trade has raised the bar on how a brokerage site should look and behave. Their staff and educational center are their strong points, however they need language support and a more robust asset index with stock like Google and Exxon. Overall score is 9.2/10 and highly recommended for US traders wanting to try out a new and honest broker that pays out quickly.

CherryTrade Review

Overview

CherryTrade was established in 2020, and is one of the latest but also one of the best binary options brokers, offering exceptional services and targeting English speaking clients. CherryTrade offers several different account types; each comes with a whole range of generous promotions and extensive, on-going support aiming at making clients profitable in the long run. Accounts can be opened in several currencies, including EUR, USD, GBP, and more currencies from English speaking countries. Minimum deposit is $200, minimum trade size is just $5. Payouts are very good, and start at around 85% for short term instruments and can go as high as 600% for One Touch type binary instruments, and as high as 1500% for Ladder binary instruments. It also offers up to 15% refund on losing trades, and 4 generous risk free trades to new clients, these risk free trades are available to clients opening Bronze accounts, or higher. Risk free trades are extremely useful and profitable to new clients and in the case of Diamond account holders ($10,000 min opening deposit), these risk free trades can offer the chance to make a nice profit while being fully protected for up to 4 trades, at $500 each. Another strong point of Cherry Trade is their educational support, it goes beyond the ordinary and it really helps traders detect their weaknesses and correct them, this is achieved through in-depth training and expert one-on-one guidance. Cherrytrade.com also offers demo accounts to clients, and accepts even USA clients which is quite convenient for US based investors and traders seeking a reliable, highly rated binary options broker.

Trading Platform

Cherrytrade.com offers the latest, web based, SpotOption 2 type trading platform, with over 180 trading assets, and many trading tools and instruments including Pairs and Ladder. Overall, trading efficiency is high and the trading platform can facilitate advanced trading up to any level. The platform is also available on smartphone devices and tablets for traders seeking to trade reliably on the move. But even for inexperienced traders, this platform is a winner, since it’s very user friendly and enables the user to execute trades with accuracy and confidence without making mistakes. Everything is sophisticated yet designed to be fool proof and accurate, since there’s no room for slack in professional trading. All market data are provided either by the exchanges themselves or through Thomson Reuters and this makes the platform even more reliable for fast trading.

Safety of Clients’ Funds & Regulation

Cherrytrade.com is not yet officially regulated in the EU, as it targets many different English speaking countries belonging to different legal jurisdictions, regulation however is still possible and it is on the agenda for CherryTrade. The company complies fully with all basic regulatory requirements concerning the safety of investors’ money and the fair disclosure and representation of market risks and overall risks and rewards that binary options trading carries.

Deposits & Withdrawals

CherryTrade accepts major credit cards, debit cards, bank wire transfer, and electronic payment methods such as Skrill. Transactions are handled under extreme online security, as the company complies with legal requirements concerning online security, anti money laundering measures and overall timely and safe handling of clients’ payments and withdrawals. And it has proven to be reliable since it has been highly rated by the clients themselves on these matters.

Specials

CherryTrade offers very strong educational support and many other features which become fully accessible when clients open at least Gold level accounts ($5,000 min opening deposit). These features include free signals, free personal account manager, trading alerts on highly selected, almost ‘Cherry picked’ trading signals, and even highly insightful weekly one-on-one training sessions. The training sessions alone would cost several $1,000s if obtained at premium seminars, therefore the commitment of opening a $5,000 or $10,000 trading account may be well worth it. On top of this, Cherry Trade offers those valuable risk free trades, and of course a very generous bonus which is both a welcome bonus, but also an on-going bonus on subsequent deposits. This bonus structure applies to all account levels, starting at 25% for Classic accounts, and reaching up to 100% for Diamond accounts.

Our Verdict

Overall CherryTrade seems to be a very competitive binary options broker, and everything offered seems to be part of its strategic planning to attract more clients from English speaking countries alone, as the company doesn’t target any other languages. When a company only provides their support in English it’s because that support is of such high quality and such depth that it is impossible to provide that support over many other languages without spreading quality of service thinner and thinner. For that reason Cherry Trade and its expert market analysts (who are mainly English native speakers) can only work in English, their level of expertise and speed of action cannot be made possible through the use of third party translators, since this is simply impossible, at least in the fast moving markets. The high quality of CherryTrade’s educational support and guidance is also evident in the fact that they provide all levels of training, including very advanced technical analysis. Advanced technical analysis helps traders cut through ambiguity and place conflicting technical signals in an order of importance, a kind of hierarchy which helps filter out many false signals.

CherryTrade is for serious traders, regardless of previous experience, traders who are serious about becoming profitable in the long run, or hedging spot market trades executed elsewhere. Cherry Trade has the plan necessary to help such clients become profitable and to have them as clients for many years to come. There are no conflicts of interests, and it really wants its clients to win in the end, the company operates above and beyond lame market making and it profits on the payout differentials, which means it really wants clients to win, and to stay with them for a long time.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Trading Education, Free Demo Account!
    Get Your Sing-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker. Only For Experienced Traders!

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