CherryTrade.com is rapidly expanding and quickly becoming the TOP broker of choice among many traders. Perhaps the best characteristic about this broker is that they focus heavily on providing their clients and potential traders with the best customer service possible. While many scam brokers could care less about providing decent customer service, CherryTrade strives towards providing the best service in the industry. Another great characteristic about this broker is that they offer a new, fresh trading interface making it visually comfortable for traders.
Minimum Deposits, Incentives, and Bonuses
The starting minimum deposit needed when signing up with CherryTrade.com is $200. In addition, you have the option of collecting welcome bonuses starting from 25% all the way up to 100% of the value you deposited. After you sign up with CherryTrade you will have exclusive access to all their educational resources which is a huge advantage! They offer basic and advance video trading libraries along with videos that cover the basics of trading, psychology needed, financial management and market analysis. In addition, you will have free access to their binary eBook along with financial news feed where a trader can take advantage of a technical analysis trade that pops up.
CherryTrade really sticks out when it comes to special features and the number of different trading styles. Compared to traditional brokers that solely offer 3-4 different trading styles, CherryTrade offers 6 different styles to choice from! These six different trading styles are as listed: Classic Options, 60 Second, Long Term, One Touch, Pair Trading, and Ladder Trading. The lowest payout offer is around 71% while the average is around 81%. The maximum in-the-money payout on the other hand is an astounding 1,500%! CherryTrade offers up to 72 assets to trade from that are composed of currency pairs, stocks, indices and commodities. Not only does CherryTrade offer a competitive number of assets to trade from but also a wide range to choose from, such as: Eur/Usd, Platinum, Nzd/Usd, Hong Seng, and Bitcoin/Usd.
CherryTrade offer a competitive withdrawal time when compared to brokers who have been in the industry for many years. On average it takes 4-7 business days for withdrawals to be processed, approved and delivered. The minimum withdrawal amount is $100, however, you have an unlimited amount of free withdrawals when withdrawing from a credit card. In order for a withdrawal to be processed you have to go through account verification. This will require submitting an issued Photo ID, Proof of Address, and a copy of your credit card only displaying certain digits. This is solely done to prevent any fraud that can occur from someone stealing your financial information.
CherryTrade Review Conclusion
CherryTrade has become one of my top recommended brokers for all traders, the accept many countries and this platform is suitable of all experience levels. This exceptional broker sets a new standard for superior customer service with 24/07 support offered via multiple support numbers, live chat and email. They offer a wide range of assets to trade from along with 6 different trading styles to choose from. CherryTrade is has a SSL Encrypted security system so you know your money is safe. All-in-all I feel that CherryTrade will continue to grow in popularity and will set the new minimum standard among binary options brokers.
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Important Risk Note: Trading binary options can generate significant benefits but also involves a risk of partial or full funds loss and should be considered by initial investors. we strongly advise that you read our terms & conditions and disclaimer page before making any investment. customers must be aware of their individual capital gain tax liability in their country of residence.