As much as they are into helping their traders learn, we were extremely surprised and disappointed to find that they did not offer a demo trading account when we looked at the website.
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CherryTrade is indeed one of the more popular names in the binary options market, and there have been numerous instances where CherryTrade has managed to pip its rivals to become a preferred financial company among retail traders. Traders can also contact the customer service department through the web contact form, but there does not appear to be any live chat feature, email, or other contact information.
Everything is sophisticated yet designed to be fool proof and accurate, since there's no room for slack in professional trading. All market data are provided either by the exchanges themselves or through Thomson Reuters and this makes the platform even more reliable for fast trading. The company complies fully with all basic regulatory requirements concerning the safety of investors' money and the fair disclosure and representation of market risks and overall risks and rewards that binary options trading carries.
Transactions are handled under extreme online security, as the company complies with legal requirements concerning online security, anti money laundering measures and overall timely and safe handling of clients' payments and withdrawals.
And it has proven to be reliable since it has been highly rated by the clients themselves on these matters. These features include free signals, free personal account manager, trading alerts on highly selected, almost 'Cherry picked' trading signals, and even highly insightful weekly one-on-one training sessions. On top of this, Cherry Trade offers those valuable risk free trades, and of course a very generous bonus which is both a welcome bonus, but also an on-going bonus on subsequent deposits.
Our Verdict Overall CherryTrade seems to be a very competitive binary options broker, and everything offered seems to be part of its strategic planning to attract more clients from English speaking countries alone, as the company doesn't target any other languages.
When a company only provides their support in English it's because that support is of such high quality and such depth that it is impossible to provide that support over many other languages without spreading quality of service thinner and thinner. For that reason Cherry Trade and its expert market analysts who are mainly English native speakers can only work in English, their level of expertise and speed of action cannot be made possible through the use of third party translators, since this is simply impossible, at least in the fast moving markets.
Bonuses The bonuses that a trader gets with CherryTrade are not bad at all when you compare them to some other brokers. It all starts with a generous sign up bonus that the user gets when they make their initial deposit and complete a few trades. So make sure if you want to trade with them, you deposit as much as you can initially to take full advantage of the sign up bonus. Maximum Profit payout CherryTrade is also very fair when it comes to account payouts.
That allows all the users of the site to make some nice profit on the successful trades that they place. I had traded on a few different sites before finding CherryTrade and I was ready to quit trading binary options altogether before I found them. The excellent learning tools they provided me along with the simplicity of using their trading platform made all the difference in my binary options trading fortunes. The account level a user enters into the site at is based on the total amount of the initial deposit.
Just like with the sign up bonus, a trader gets a lot more perks with the more money they deposit initially. As with all higher level accounts, it gives the trader all the perks of the lower levels plus more. This level includes four risk free trades and access to weekly phone trading sessions.
We highly recommend this account level if you want a nice, well informed trading experience. There really is a nice variety of account levels on CherryTrade. We found it very easy to navigate around the website by using its many point and click features. It is a system that runs well even when there are a lot of memory strains in place while using the platform.
SpotOption is the software that CherryTrade runs on. It runs in a traditional graphic window based system that features a really clear and useful layout. It nicely displays all the settings and menu selections where the trader can clearly see them. The payout and return on investment ratios are also nice displayed to the side of the screen.
There is even a handy trading sentiment indicator for the asset that is being displayed. CherryTrade can also have multiple windows running at the same time so users can keep abreast of more than one asset to trade. That is a nice little feature, especially if you are trading on short time frames. Placing Trades When using the site we found that the list of tradable assets was very small indeed, but some of this is compensated for by the fact that they have selected assets that are very stable in the trading market place.
Jan 05, · Before opening a CherryTrade account for binary options, read this comprehensive review with ratings to know exactly what you and your money are in for/5().
Cherrytrade review - US Welcome Binary Options Broker with an incredible deposit bonus. USA Traders will love this site. Read the full review here. CherryTrade is Closed! Go here to see the Best Brokers CherryTrade was a binary options broker that opened in CherryTrade is owned by Website Promotions Ltd, located at The [ ].
Some say CherryTrade is a fraud? Unsure about this binary options broker? Check out my experience with CherryTrade and make a safe decision! UPDATE (): We have found out that CherryTrade has shut down their operations. We recommend choosing one of our top binary option brokers instead: Try also Binary Option Robot if you are.
Check If CherryTrade Is a Scam Or Not - Don't Trust Unregulated & Blacklisted Brokers - Stay Safe With Our Best CySEC Regulated Brokers Read the full review before you trade with CherryTrade.