CherryTrade Review: Cherry Trade is one of the standard broker binary options which was first Established in 2013. It is operated by Gibraltar and accepts customers from the USA too, which is very rare among the trading website on the internet. Cherry Trade provides you with the 5 types of account from which you can start trading with the minimum deposit of $200 and get the benefits up to 81% by the end of next time expiry.
This broker accounts you will come across with Risk-free trade which is very important for any trading website. While you can also have the choice for assets and provided with Roll Over, Double Up, Sell Early, and Option Builder features which you can easily make the trading easy.
CherryTrade Review – Is CherryTrade.com Scam or Not?
So before we create an account let us discuss more the feature of the Cherry trade Binary option.
Features of the Cherry Trade:
The first thing any new trader should know in their Binary option website I the features and tools provided. So let us see what are present in the Cherry Trade binary option-
Customer Service- The customer service gives you from Monday-Friday at between 8am-10pm GMT; you can have contact with the Live chat support for clearing any confusion with trading. The Toll-free phone number is supported only in countries like UK, US
Asset- you will find about 19 Stocks, 21 Currency Pairs, 7 Commodities, 20 Indices from which you can do the trading.
Deposits- So after you have created an account, your minimum Deposit is 200 in either USD, EUR or GBP. You can make the deposit via Credit/Debit Card
Account- There are 5 type of account for you to choose and also a free account. The free account will help you to understand the purpose of trading in the Cherry Trade broker.
Withdrawal- The withdrawal money is deposited in the user’s account within 5-7 business days.
Trade amount– The minimum trade amount is $ 5 per 60 seconds. And you can also choose the $25 minimum in all other types of trades. You can make the trade through the Standard Call/Put Binary Options.
Binary option– There is a different type of binary option like- One Touch Binary Options, 30 Second binary Options, 60 Second Binary Options, Long Term Options, Pair Options, and Ladder Options varying in price and money.
Risk Reduction- if you made a loss, you can still get back the 15% rebate for losing trades
Bonus Offers– Now get up to 100% match bonus on initial deposit.
Learn– Get training videos, Free eBook, One on one education for growing your Trading knowledge.
Currencies– Cherry Trade can be made with the following currencies like- EUR, GBP, USD, JPY, CAD, AUD&SEK
Mobile app– CherryTrade broker app is also available for smartphones and can be used by downloading the application and make trading go on your smartphone.
Types of account offered by the CherryTrade Broker
When you look into the CherryTrade broker’s site, you will find that there are 5 types of account. You can choose any one from the list and start trading. While you can choose the account according to the personal requirement. There is also one basic account available called classic, using which you start doing trading with a less amount of investment.
The Following are the Account types offered by CherryTrade Broker:
1. Classic Account
The minimum deposit to this account is $200 for the first slot. You will get a welcome bonus of 20% from the deposit you have done. And basically, you will be known as the Junior Broker of the trading market. And with the purchase of this account, you will unlock the first level of Education center, from which you can learn many things for online trading in binary option.
In this account, you will have limited features and this account are not enabled with the risk-free trading, no one-on-one training before using the binary option will be given, no choice for a trading signal. Despite being available with the education center you will be stuck at the first level, you will still be lacking the 2nd 3rd & 4th level of education.
2. Pro Account
The minimum deposit for this account as a beginner is $2,500 . And here you will have the benefits of getting 35% bonus as a welcome bonus. Once you create an account under this account, you will be addressed as an Executive broker in the CherryTrade online broker’s site.
Now, here in this account, you will get some extra features compare to the classic account. You can unlock the one-on-one basic training for one hour. You will also unlock the 1st and 2nd level of an education center that, from which you can learn the trading system and execute the skill on trading. With this account, you will almost unlock the entire feature including the General Trading signal.
But what you will lack in this account is the Risk-free trading, which is not available.
3. Gold Account
The Gold Account is the most popular and famous trading account among all, in term of price and features you get. You can create an account with the deposit of $6,500 and get a major welcome bonus of 70%. After getting a gold account, you will be given the rank of an Executive broker, and, you will also unlock all the features and tools provided by the CherryTrade broker.
You are ensured with 3-time risk-free trading; one-on-one advance training for 3 hours will also be provided and then 1st, 2nd & 3rd level of an education center offered by the online broker. Finally, with the general trading signals, you can have the full control over your trading.
4. VIP account
If you want to go for more profit and large deposits, then the VIP account is for you. To create a VIP account, you have to deposit an amount of $50,000, once you do that your rank will be upgraded to executive broker + Analyst in the CherryTrading website.
You will unlock the Risk-free trading for about 5 times better than the previous accounts and get an advanced training as well as one-on-one analyst session. Learn more about trading, by unlocking Education center of 1st, 2nd, 3rd &4th level. And also you will get the personalized trading signal for more effective result.
5. Corporate Account
This is the ultimate account; you can form a group of traders and use this account for trading. You can open this account by depositing of $100,000 + with the bonus of 30% , and you will become an executive broker as well as an Analyst.
In a corporate account, you will have 10 times risk-free trade, unlimited one-on-one analyst session, full education center and personalized trading signal are available for this account.
How to start trading in CherryTrade Broker:
After you have created an account, now you can freely check on the tools, see for the current rate in the chart and make the prediction and get success up to 81% profit.
The Process for doing CherryTrading is mentioned below –
- In the main window of CherryTrade, select the asset you want to trade.
- Now click for on the ‘CALL’ option if you think the price will rise above the current rate at the time of expiry, or else if you think the price will fall below the current rate at the time of expiry then click on the ‘PUT’ option.
- Once you have selected your decision now enter the amount you would like to invest and then click on ‘APPLY’ for finalizing your opinions.
- If you guess is right then you can get maximum profit of 81% from the trades.
So these were some important details about the CherryTrade online broker that you should know. Choose an account and start trading today. It doesn’t matter if you are not a pro at this, even a newbie start binary trading using CherryTrade broker. Users are also provided with a good amount of tools by which they can easily earn a profit and become a successful binary trader.