CherryTrade was founded in 2013 and has continued to make a name in the world of binary options trading. That is because their services are simply great. Their site is also user-friendly. CherryTrade can be termed as the best options irrespective of whether you are a new or seasoned trader. They also have a great customer support team. The whole team is very knowledgeable with binary trading and, therefore, you will have constant support whenever you need it. Ever since CherryTrade opened its doors, this broker has worked towards growing its reputation in over the years. CherryTrade is owned by Redtulips Consultants Ltd; a company based in London but operates in Gibraltar.
CherryTrade review – assets and software used in their trades
CherryTrade platform is very easy to use, though this is the case with many other sites since most of them use SpotOption trading engine.
They also have an education section which offers training to their new traders or refresher courses to their experienced traders.
In this education syllabus, there are the strategies to use, the risks involved in the trades and how to counter them and how to trade successfully among others. CherryTrade offers the traders more than 100 assets that they can trade in. The different types of assets that you can trade here are: indices, commodities, currency pairs and stocks.
They have 6 trading options that you can choose from: there are put/call binary options, long time expiration times like one year while others are short like 60 seconds, 180 seconds and 300 seconds. Traders who participate in one touch options can attract up to 550% profits while there are the ladder trades which can attract 1500% profits.
On the other hand, there are also trading tools which make it easy for traders to carry out their trading activities and also those which allow for automatic trading too.
When using the CherryTrade platform, a trader can login to their account either from their computer, tablet or smart phones. That is for the reason that it is a web based platform which means that you will not have to download any software for you to use it.
However, for you to use it on your phone, you will have to download CherryTrade app from play store. The app is supported by both android and IOS phones, windows or Linux phones too. The trade is 100% conducted online and, therefore, as long as you have an internet connection, you are good to go.
CherryTrade review – account packages
There are several packages that traders can choose from depending on what best suits their needs. All traders will be able to access the resource center where they can learn anything that they need to know about binary options trading. You also get to take care of the risks that you are facing and there are times when you are offered bonuses and promotions too.
CherryTrade review – deposits and withdrawing
These are two very easy and fast processes when trading with CherryTrade. The processes are very safe as the system has SSL encryption. This broker is regulated by CySec which means that they do everything by the book; your money is safe with them. They accept the following currencies for their deposits and withdrawals: GBP, CAD, AUD, EUR and USD. The following payment methods are accepted too: credit cards debit cards, skrill and wire transfer. The minimum deposit that you should make before you start your trade is $200.
CherryTrade review – customer care
CherryTrade customer care services are available 24 hours 6 days a week. You can reach them by calling, emailing or requesting for a live chat. This is a great way to solve an urgent matter even when you are in the middle of a trade without necessarily having to stop trading.
- You get 5 risk free trades
- Uses SpotOption trading engine
- The minimum deposit is low
- Many benefits for each of the trading accounts
- Dedicated customer service
- Payout cannot rise beyond 81%
CherryTrade is a great to work with. There are many great features and benefits that a trader can take advantage of. There is an educational center and, as such, new traders will be able to get training before venturing into real trading.