CherryTrade is becoming an increasingly popular binary options broker among traders worldwide and especially throughout North America. Since its launch in 2013, this broker has been constantly expanding and attracting new clients. We can say that they are really trying very hard to meet their customers’ expectations and hopefully we will prove that in this CherryTrade review. Their main strength is their expert advisory team which can be very useful for traders, especially those who are less experienced. Experienced users will also find their expert suggestions useful because they are coming from people who have been in this business for a long time, so they are certainly going to have a few tricks up their sleeves. CherryTrade has secure and strictly confidential payment methods, but the thing that is perhaps most attractive to new users is their minimum trade amount set to only $5. Novice users can therefore start their trading without being scared of losing their deposit in just a few trades. There are 6 different trading modes traders can choose from, and you can trade with stocks of big companies such as Amazon, Google and others. You can find out more about other advantages of this broker if you continue to read our CherryTrade review.
CherryTrade Review | Benefits and Possibilities
In this CherryTrade review we will present you with some good reasons for opening an account with this broker. For starters, when you login, you can get up to 100% of bonus funds. Payout rate depends on the type of assets, option contract and the expiration time you choose while trading. Average payout rate is 81%, but you can receive payouts of up to 400% if you trade in one-touch mode, which is very high in the binary options world. Deposits can be made by using e-wallets, credit or debit cards, and all of the withdrawal processes are completely safe and very easy. The login process is also not problematic because the platform has a very simple interface. It is secured with a 128-bit SSL encryption, so you don’t have to worry about any information you disclose to this broker.
CherryTrade Review | Trading Platform and Customer Service
Trading platform design and functionality is often a crucial factor in choosing your binary options broker. CherryTrade platform is reasonably simple to use and very well designed. It has all the standard options, but it has some creative solutions like Ladder Options, too. Ladder Options offer a variety of price levels, and traders have to predict the magnitude of market movement. The broker’s 24/7 customer service available online on video chat is very helpful and you will get all information you need from them within minutes. They are also available via telephone and e-mail services, as stated in our brand new CherryTrade Review 2016 article.
On the other hand, traders who spend a lot of time “on the go” will find it beneficial that CherryTrade has a very user-friendly mobile platform. Everything that CherryTrade regularly offers is also available via this mobile platform. If you want to read more about online CherryTrade trading possibilities, read our CherryTrade Mobile App review. This CherryTrade review, however, will continue with account types and bonuses that broker offers.
CherryTrade Long Term
CherryTrade Review | Account Types and Bonuses
Various account types and deposit methods are also available with CherryTrade. You can open a Basic account for $200 and start trading immediately. If you deposit a minimum of $1,000, you will get a Professional account. There are also two more advanced accounts, great for those with a lot of experience: Expert (minimum deposit $5,000) and VIP (minimum deposit $10,000). As was already mentioned in this CherryTrade review, CherryTrade offers trading for only $5, which is quite rare in the business, so beginners can start their binary options trading career without being scared of losing their money fast. You can see more about this in CherryTrade Minimum Trade analysis.
We would like to highlight that with Professional, Expert and VIP account traders get a lot of professional assistance, like tips and support from experts in the CherryTrade team.
Regarding bonus possibilities, CherryTrade is one of the brokers which offer the biggest amounts of additional money. Bonuses are, of course, proportional to your deposits – the more you deposit, the bigger is your bonus (for example, if you purchase a VIP account, you will get 100% bonus!). You have to be aware that once you get your bonus money, you can’t withdraw it immediately. Instead you have to trade a certain number of times to be able to withdraw your additional funds. One of the best things with CherryTrade’s bonus options is that you get $50 if you recommend this broker to your friend!
CherryTradeReview | Safety
The thing we wanted to discuss in this paragraph of our CherryTrade review is safety. We know that you are probably concerned about where your money might end up once you deposit it, and you certainly are not a fool for asking yourself that question. That’s why we are glad that we can be 100% positive about the level of safety Cherry Trade provides to its clients. We tried the platform on our own and made sure that deposit and CherryTrade Withdrawal Process is fast and smooth and most importantly completely secure. As already stated here in CherryTrade review, all processes and transactions are encrypted, which makes them completely safe. If you want more information on this important aspect of the broker’s offer, read the results of our detailed CherryTrade Scam Test 2016.
CherryTrade Review | Conclusion
In the end of our CherryTrade review, we can conclude that CherryTrade has become very respectable in the industry and we are not at all surprised by that. Their business policy is based on expert knowledge and helping their clients become successful traders. Their platform is modern, their deposits and withdrawal processes are very effective. Our conclusion is that CherryTrade is a well balanced broker which is improving day by day. New users can trade with smaller sums and learn, while the more experienced clients will appreciate information they can get from the CherryTrade team. We can’t find a legit reason to advise you not to start trading with CherryTrade. Put your trust in our in-depth CherryTrade review, open a free trading account now and start making profit on this extraordinary platform!
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