CHERRY TRADE REVIEW
Min Deposit: 200 EUR , USD, GBP
Bonus: up to 100%
Payment methods: Credit/debit card, Wire Transfer, Alternative methods by request
Account currency: EUR , USD, GBP
Languages: English, Arabic
Clients from USA: NO
Binary Options Types:• Call/Put • Pairs • Long Term • 60 Seconds • One Touch • Ladder • iFollow ................................................................
•Stocks – 22 •Currencies – 16 •Commodities – 5 •Indices – 17 •Pairs – 4
................................................................ Features: Welcome Bonus - up to 100% In The Money – 88% profitability Buy Me Out, Double Up, Rollover
CherryTrade is no longer in the business. It closed in the middle of 2016. All its clients are now transferred to Tropical Trade Binary Options Broker. We recommend you to consider Tropical Trade as an option for your trading operator.
CherryTrade is a binary options broker focused on ensuring customer satisfaction and providing professional investment environment for traders from all over the world. The binary options trading platform is entirely web based and is easy to use by any investor regardless of their experience. CherryTrade clients have immediate access to a great number of tradable assets from every category – stocks, currencies, indices and commodities. Trading with this broker is simple, fast and easy.
The financial team of the company consists of highly trained professionals who have selected only the most liquid assets and who are always online to help you with everything from account setup to trading and withdrawals. The tailored service guarantees a personal approach to each customer regardless of the amount that he/she is willing to invest in binary options trading. CherryTrade’s customers are offered with a wealth of information, including seminars, market analyses, one-on-one trading and others. They receive valuable advices regarding technology, trading regulation, finance and risk management. All these things combined make CherryTrade one of the most serious and professional binary options brokers in the world.
CherryTrade currently offers to their clients 16 currencies, 17 indices, 5 commodities, 4 pairs and 22 stocks that can be traded on their robust binary options trading platform. Each of these assets gives you the chance to make a lot of money by guessing the direction of its price.
The currencies on CherryTrades’ list are very liquid, which means that they are traded often and in high volumes. Some of them include: EUR/USD, AUD/USD, AUD/JPY, USD/JPY, GBP/USD, CAD/JPY, EUR/JPY, USD/ZAR, USD/SGD, GBP/JPY, EUR/GBP, USD/TRY and NZD/USD.
The indices on the platform cover some of the busiest exchanges from around the globe. You can trade a lot of the most popular indices with CherryTrades, including NASDAQ FUTURE, SMI-FUTURE, DAX FUTURE, MICEX10, STRAITS TIMES,DUBAI, TEL AVIV 25, KL FUTURE, HANG SENG, FTSE FUTURE, CAC FUTURE, BOMBAY SE, CAC, DAX,
PSI 20, FTSE 100 and ASX FUTURE.
The commodities that can be traded with the broker are just five, but they are very popular among binary options traders: GOLD, GOLD/JPY, OIL, SILVER and GOLD/EUR. The same applies to pairs – GOLD VS SILVER, BNP VS BARCLAYS, TelAviiv VS Ftse and DAX VS CAC
Binary options traders who are familiar with stocks will find a vast array of them on CherryTrade’s website, and namely TATA MOTORS, RTAZIO, BP, LEUMI, Bezeq,
TEVA PHARMA,GAZPROM, RIO TINTO, HSBC HOLDINGS, TOTAL, LOUIS VUITTON, BARCLAYS, BNP PARIBAS, ICL.TA, SBERBANK, BHP BILLITON, DEUTSCHE TELEKOM, FRANCE TELECOM, POALIM, FIAT, S.BANK INDIA and TESCO.
CherryTrade Getting Started
Every trader who wishes to trade binary options with CherryTrade can easily get started with their intuitive online platform. The first thing to do is open a trading account by pressing the Trade Now button, located on the homepage. Next you need to enter your name, e-mail, country of residence and telephone number. This is the stage at which you must select the currency that you want to open an account in. The available currencies are Euro, British Pound Sterling and US Dollar. Please be careful because once selected the preferred currency cannot be changed and you will have to go over the whole process again.
Once you have registered you must open your e-mail and follow the verification link that you will receive from CherryTrade. Now your account will become active and you will be able fund it and start trading binary options. It is possible that a member of the team will call to welcome you and you can ask him any question that you may have. Choose one of the various banking methods to deposit money and go through the FAQ for a start. Take your time before starting to trade and do not forget to read the terms and conditions at CherryTrade’s website. Your account manager can also offer you a welcome bonus or a special offer if there is one running at that time.
CherryTrade Trading Platform
The trading platform presented by CherryTrade is 100% online and you do not have to download or install anything on your computer. An encrypted connection protects your money and your personal details and allows you to focus on your trades. The number of the available assets is adequate and meets the needs of novice and experienced binary options traders alike.
You can earn up to 88% by trading Call/Put binary options or up to 75% if you prefer to trade 60 Seconds binary options. To your convenience there is a Reuters live quote bar with real time market prices as well as a news box with the latest updates on major financial stories.
CherryTrade Binary Options Types
CherryTrade’s website is the right place to trade binary options. One of the many reasons is that you can choose among different types of options – Call/Put binary options, Option Builder, One Touch, 60 Seconds and Pro Platform. Depending on the type of the binary option traded you can get a payout from 75% to 550%. Every binary options type also enables you to execute a different trading strategy that suits your investing goals in the particular moment.
The first type that you will see on the binary options platform is called Call/Put and is also known as Up/Down. This is actually the most widely used binary options type, because it is very straightforward and simple. You just have to select a tradable asset and predict the direction in which you believe that the price will go. Then put the amount that you want to invest and press buy. Now everything you need is the patience to wait for the option to expire. If your prediction is correct you win the predefined payout, if not – you lose your investment.
Option Builder is a special tool that allows you to build your own binary option. This may be very convenient in cases when you want to use a trading strategy with fixed risk ratio. When trading with Option Builder you have the freedom to adjust everything, including the expiry, the risk/reward ratio, the tradable asset and the investment amount.
One Touch is the most profitable way of trading binary options with CherryTrade. The payouts here reach 550% and all you need to in order to get the reward is guess whether the price will touch a predefined target price till the expiry of the option. This is also very risky because the target price is usually far from the entry point of the trade. Bet only if you are sure that the price will go rapidly in the winning direction, otherwise the trade will be bound for loss.
60 Seconds are another very famous binary options type that you can trade with CherryTrade. Here you have to predict the movement of the asset price in the following one minute. The payout is slightly lower than usual – up to 75% but if you manage to make a few successful trades in a row, you can expect a solid amount of money.
Pro Platform is preferred by advanced binary options traders, who want to use advanced trading tools and historical market data for long periods of time. Some of the tools that are usually present in the Pro Platform include Buy Me Out – a way to get out of a deal that is going against you, Roll Over – a feature that enables you to postpone the expiry of a losing trade and Double Up, which gives you the chance to make double profit on any open trade.
CherryTrade Account Types
There are different account types offered to new binary options traders at the time when they register an account with CherryTrade. The minimum deposit required to open an account with CherryTrade is only 200 USD or EUR. You can find out more about them only if you contact someone from the customer support team or after you have deposited funds in your account. One thing is for sure though – that the more money you are willing to deposit initially, the more benefits and special offers that you will receive by CherryTrade.
CherryTrade Alerts & Signals
This broker works closely with a third party signal provider. You can visit their website by clicking on the Trading Signals link, which is situated in the bottom of the homepage. There you will read daily and weekly market reviews, news and educational articles. Additionally you can subscribe for a binary options signals service, which will notify you about potential profitable deals.
You won’t find a separate Education page on CherryTrade’s website but there is still a lot of information there. More specifically, if you visit the FAQ section you will find some basic info regarding account management, trading requirements, assets etc. Likewise, if you open the Asset index you will find more information about each underlying asset that is available on CherryTrade. Finally, the Glossary will give you an idea about all economic terms used in binary options trading. You can also contact your CherryTrade account manager and ask for information about webinars and one-on-one training sessions.
CherryTrade Deposits and Withdrawals
There are two main methods that allow you to deposit and withdraw money from your CherryTrade binary options account – wire transfer and credit card. The credit cards currently accepted are American Express, Visa CarteBleue, Maestro and MasterCard. The minimum deposit by wire is 200 USD/EUR. If you decide to use this method you should indicate your e-mail and contact an account manager to assist you with the process. Please be advised that the time period that may be necessary for the money to be credited can take up to 5 business days.
Clients who prefer an alternative way of banking should contact CherryTrade and they will do their best to meet your requirements. In order to keep a track of your transaction history just open the menu called My Account and you will find a detailed list with all deposits and withdrawals.
CherryTrade offers a standard 50% welcome bonus to anyone who is interested in opening an account with them. The only requirement is to deposit the minimum amount of money and the bonus will be immediately directed to your trading account. One thing to have in mind when accepting a welcome bonus from any binary options broker is that there are always terms and conditions that need to be met before you will be able to withdraw any funds. In the case of CherryTrade you will have to generate a trading volume equal to at least thirty times the bonus that you have accepted.
Another very nice bonus is given to active traders who want to invite their friends to CherryTrade. The moment that your friend deposits at least $200, both of you will get an additional amount of $50 that can be used to make more trades on the binary options trading platform.
CherryTrade Customer Service
CherryTrade are popular for their courteous and fast customer support. Every time that you need help you can just call or e-mail your account manager and they will be happy to assist you. The phone number at their main office is +44-2035192136, while the e-mail number created to answer clients’ queries is [email protected]
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