In binary options industry, CherryTrade is known as reliable binary options broker. Online since 2013, they are continuously trying to provide the best quality trading services and instruments for profitable binary options trading.
If you want to know more about this brokerage, read our CherryTrade review.
CherryTrade accepts traders from around the world, excluding Gibraltar. Unlike some binary brokers, CherryTrade accepts traders from the USA. This broker is very popular among US traders due the fact they provide multiple accounts and services for traders to achieve high payouts, without any restrictions.
Further in our CherryTrade review, you can read more on what services does CherryTrade provides and how achieve success in binary options trading.
CherryTrade has one of the lowest minimum deposit amounts in this industry, only $200, while maximum bonus is at the high point of $20000. Minimum investment is $5 and maximum investment $1000. Traders can enjoy in max possible returns of 85%. With CherryTrade broker, traders can trade binary options in two currencies: USD and EUR.
CherryTrade Platform and Account Types
CherryTrade uses SpotOption platform, which is highly developed and simple to use. On its platform, traders can use multiple trading tools and services in order to have a profitable binary options experience. Since the platform is easy to use, traders can see all settings, like assets, trade amount and expiry time all on the top of platform. To their traders, CherryTrade offers a wide range of underlying assets, from stocks and currencies to commodities and indices.
There are several different trade options for traders to trade with, such as 60 seconds, High/Low, OneTouch, Pair Options, Long Term and Ladder Options, as we discovered in CherryTrade review. With such a wide range of available trade options, all traders (beginners or experienced) can choose option, according to their preferences. Together with multiple trade options, traders have on their disposal a variety of expiry times, which range from 30 seconds, 60 seconds, 2 minutes, 5 minutes, 30 minutes, 1 hour to 24 hour.
To their traders worldwide, CherryTrade offers 5 account types, for traders to choose from when trading binary options. To start trading binary options with CherryTrade, minimum deposit is $200.
CherryTrade Basic Account – up to $1000
CherryTrade Professional Account – $1000-$5000
CherryTrade Expert Account – $5000-$10000
CherryTrade VIP Account – $10000-$25000
CherryTrade Corporate Account – $25000>
With CherryTrade, traders around the world can enjoy in multiple trading features and services. A great feature offered to traders is possibility to use mobile app while trading binary options. This mobile app enables traders worldwide to place trades when they are on the move, without sitting in front of the computer.
Mobile app is compatible with Apple and Android devices and traders can be able to trade with binary options on tablets and mobile phones, besides computers. Also, CherryTrade platform is available on two languages, on English and Arabic.
During CherryTrade review, it is visible how much effort is invested in education of the traders. Traders can check Education section, placed on the top of platform. Traders can choose among many trading tutorials, e-book and video courses. All these tutorial is an excellent assistance in trading process, especially for traders beginners.
CherryTrade also provides advanced courses for experienced traders. Besides education centre, CherryTrade provides traders with a section called Market news. Here, traders can find news on market situation on daily and weekly basis. This is very useful because it can help the traders to determine price movement of the chosen underlying asset.
CherryTrade Customer Support Service
CherryTrade has an excellent support mechanism. It is possible to contact this broker through live chat, email [email protected] and telephone. For traders who have a personal manager, they can also contact him on Skype. We had positive feedback from customer agent during our CherryTrade review.
Telephone communication is widespread on different continents, such as Europe, Asia, Africa, Australia and New Zealand. Their technical support is available from Sunday until Friday 9 A.M.-21 P.M.
In Europe, traders can contact CherryTrade in many countries, like Denmark, Finland, Sweden, Norway, Austria, Italy, France, Netherland, Luxembourg, Spain, United Kingdom and Switzerland. Also, traders can reach this broker in South Africa, Bahrain, Japan and Hong Kong.
CherryTrade Banking and Company
If traders want to deposit or withdraw money, first they have to submit several documents, such as photo ID and proof of address. These documents are usually required in order to prove your identity and prevent any possible fraud.
Traders can choose among various payment methods, from debit and credit card payment to the wire transfer. Traders can use three types of debit cards (Maestro, Solo and Switch) and a variety of credit card options (Visa, Visa Electron, Diners, Mastercard, Delta).
In case of withdrawing funds through cards, no fee will be charged. If traders choose bank wire payment, then the processing fee is $30, while cashout time is approx. 5 business days. Minimum withdrawal amount is $100, but via wire transfer it is $500.