CherryTrade Review


BinaryMate

CherryTrade ReviewCherryTrade are a relative newcomer to the field of binary options but they are working hard to establish a reputation as an authoritative, dependable and easy to use broker.  They are committed to improving their service and building their business and are determining to offer the best possible service.

The firm was established in 2013 and is registered in Anguilla.  The minimum deposit is reasonable at $200 and each trade can be for anything between $6 and $1,000.  CherryTrade are offering returns of up to eighty five percent with a potential one hundred percent welcome bonus; an attractive reason to use their service!

Advantages

  • They offer a wide range of accounts, one of which is almost guaranteed to appeal to you.
  • Their website is well laid out and very easy to use.
  • The minimum investment is small; although not the smallest on offer.
  • You can use their service in almost any country.

Disadvantages

  • There is no option for a demo of their facilities which can be beneficial in choosing their services and getting to grips with their system before you start trading.

Features

CherryTrade has worked hard to establish a good range of trading options which are based on an array of technical and fundamental analysis.  This provides a good level of knowledge and background information which should ensure all investors, whether experienced or not, are able to make a good return on their investments.   

Incentives

The welcome bonus is based upon the amount of your initial deposit, they will match your deposit which means that the more you are able to deposit the more you will get to invest.  The welcome bonus is paid after you have signed up, funded your account and placed your first few trades.  However, it is important to note that you cannot withdraw any of the bonus funds unless you have invested thirty tiles the amount of your bonus money.  The bonus payment can go as high as $20,000: if you have this sort of funds available to deposit.

Rate of return

The potential rate of return is listed at eighty five percent and many traders using this service confirm that this amount is achievable.  This is an exceptional good rate of return and combined with a minimum trade of $5, a very affordable option for anyone.

Account Types

There are a variety of accounts to choose from with CherryTrade, the account you get will be directly related to the amount of your initial deposit.  The higher your deposit, the better the account terms and the more perks and additional bonuses you will get.  The entry level account is the classic account which covers those with initial deposits up to $499 and a welcome bonus of twenty five percent.  The bronze, silver and gold accounts build on the offerings of the classic, culminating in the diamond account.  This account is for those who wish to deposit more than $10,000.  Alongside a huge array of technical and fundamental analysis this account will give you a matched deposit and four trades, which will return your funds if they end up out of the money.

Trading

The software and website are well designed and easy to use.  There are a lot of menu options but these are well laid out and can be intuitively found at the edge of the screen as and when you need them.  You can even monitor your current trade whilst looking at the next one.  Unfortunately the range of assets available to trade is relatively small; the assets available are generally good choices and do cover the entire range of asset types; good rates of return are definitely possible.  You can choose almost any type of trade which makes the limited range of assets less of an issue.

Tools

CherryTrade has a wide range of tools to help you learn about the markets, how specific assets are moving and how successful your trades have been.  The addition of a demo account would make their learning tools perfect.

Finance

There is a huge range of options when it comes to transferring your funds in or out of your account.  There is certain to be one method which will appeal to you.  However, it is worth checking the fee structure before you commit to a payment method.

Customer Support

The button to ask for customer support is not always obvious, however, once you have located it you will be pleasantly surprised by the excellent service you receive.  Unfortunately all support is provided in English, but you are able to contact support via email and this should help if you speak a different language.  Live chat and the telephone are also a good option.

 

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