Cherry Trade is a binary options broker established 2013 in Gibraltar. Not long after they were founded, they have become a favorite broker of many traders, and recommended by many reviews and connected with most of the binary robot providers. They offer a wide range of features, assets and different types of options, which guarantee that every trader will be able to execute the trades in the way he prefers. They operate on SpotOption’s V2 platform, regulated by CySEC, and they also offer a mobile platform for Android and iOS.
Account types – Cherry Trade offers five account types: Basic, Professional, Expert, VIP and Corporate. Depending on the amount of money you would like to deposit and invest, you will be able to choose a deposit amount from minimum $200 for the Basic account, and up to $25,000 for the VIP.
Financial matters – payout rate offered by Cherry Trade can go as high as 81%, depending on the type of the options you choose, and there is also up to 15% return for the losing trades. Minimum deposit is quite low, $200 (as mentioned above), which allows even the beginners to sign up for an account with this broker. Minimum trading amount is $5 for 60 Second options and $20 for all other types of options. It is possible to make deposit in five currencies – USD, EUR, AUD, CAD and GBP, and the minimum deposit, as well as the bonuses, will be expressed in the currency units of the trader. It is possible to deposit and withdraw money through all the major credit and debit card, wire transfer, but also Moneybookers, eWallet and CashU.
Assets and types of options – when it comes to the number of assets, there are brokers with a higher offer than Cherry Trade, like Boss Capital. They offer only 55 assets at this moment, but hopefully the assets will rise in number as the time goes by. They offer, however, a wide range of different options: you can choose to trade standard Call/Put options, One Touch, 30 or 60 Second options, Long Term options, Pair options and Ladder options. With all these different types of options, the relatively low number of assets may not be a problem at all.
Cherry Trade Binary Options Review
Education – in addition to all the features mentioned above, Cherry Trade also offers an extensive Education section, with some of the features available to all the visitors of the website, and some accessible only for those who have registered as traders. Introduction Video Library is available to everyone who visits the website, as well as some of the videos from Video Training Courses. Advanced Course, e-book and Site Tutorial are available free of charge as well, but only to those who create an account with Cherry Trade.
In addition to all of the above, this broker provides 24/7 customer service, who is available for all the questions you might have. You will also be able to access market news and analysis, which will make your trading more successful and help you stay informed and aware of all the market changes and trends.