Cherry Trade Review
Cherry Trade ReviewDecember 1, 2015
Cherry Trade is a Spotoption- powered binary options broker. It’s been around for a while and has maintained a high level of professionalism and integrity, which to me is probably the most important. It has recently existed the US market and is moving forward towards regulation, however these things always take time.
Update: We are no longer recommending this broker.
Minimum Deposit: $200
Minimum Trade: $5 On 60 Seconds
Accepting US: No
Demo Account: No
Regulation: Not yet
Signing up is very a easy, user-friendly, and intuitive undertaking. You just fill out your name, phone number, and address and you are good to go.
Basic, Professional, Expert, VIP, Corporate. Naturally the bigger your initial investment is the more perks you qualify to receive, and they really know how to spoil the big investors. They have a reputation for sending Rolex watches and VIP excursions to key investors as a show of appreciation.
Cherry Trade offers a totally safe and secure trading environment. The cashier section of the software is HTTPS secured, that means every transaction is encrypted and stored safely.
The more you deposit the more you get up to 100%. Be careful not to accept sizable bonuses because it will eventually be counter-productive for you since you have to trade 30 times the amount credited to your account.
You have the standard E-books and trading guides designed to get you started. There are also tutorials, a video library, and training courses. They also teach you market analysis as can be seen in the image below, however if you want charting tools simply contact me directly.
You can trade on IOS as well as Android. Tablets, iPhones, MAC, it’s all good just install the app and move on.
You have the usual Spotoption setup: Digital, One Touch, 60 Seconds and other short terms contract, Range, Ladder and iFollow.
Partial Assets Index:
Currencies: USD/JPY, EUR/GBP, GBP/USD, EUR/JPY, EUR/USD,
Commodities: Platinum, Coffee, Gold,Sugar, Oil,Wheat, Silver, Cotton.
Main Stocks: Apple, IBM, Microsoft, Lukoil , Nike, Coca Cola, BP,
Primary Indices: Nasdaq, , DAX, S&P 500, Nikkei, FTSE, Tadawul, CAC.
Funding and Cashing Out: Cherry Trade accepts Amex, Visa, Mastercard, Visa Electron, Maestro/Switch, Solo, Delta Card, as well as Debit and Pre-paid cards. Payouts are done via bank transfers.
EUR, USD, AUD, CAD, and GBP.
Customer Service: Service is very warm and amiable as well as professional. Cherrytrade specializes in catering to Australians, South Africans and Canadians, but obviously European and Asian traders are very much welcome and receive excellent care. The site itself is available in English as well as Arabic, however the representatives speak mostly English.
Signals: Recently they also started offering a signal service, however it is compatible with Cherrytrade only and not very accurate from what I hear. For a more flexible signal service check out the binary profit method.
Final Verdict: Cherrytrade has carved a very special niche for itself in today’s market by offering a really pleasant and easy-going trading environment coupled with prompt payments and a professional staff that understands how to treat customers from various countries around the globe. On the downside, this is not a regulated broker like Optionweb, or 24option, but they do manage themselves as if they were regulated and at the end of the day that is what matters. On the overall, after reviewing their site and actually placing trades and cashing out I found this broker to be an excellent choice for amateur as well as more experienced traders looking for an honest and reliable binary options broker.
If you had a different experience please leave a message below and let me know