This CherryTrade review is about a binary options broker founded early 2014 and already gaining more and more popularity amongst traders worldwide.
ATTENTION: WE ADVIDE AGAINST THIS BROKER. THEY DONT RESPONSE TO OUR EMAILS
Something cool about this binary option broker CherryTrade: the CherryTrade customers benefit from a unique thing in the binary option broker world: real-time data streams from the one and only Thomson Reuters. This data provider based in the United States of America is providing financial market news and has 55,000 employees worldwide.
CherryTrade offers support in English. You can contact CherryTrade by email or phone or you can use the CherryTrade Live Chat function on cherrytrade.com website.
Binary options are meant for making a profit. CherryTrade understands this very well and they have decided that an intitial investment in a trade should not be any less than $5. After all you do want to make a profit, don’t you? Some brokers allow you to invest as little as $1 with a little profit of 80% maximum.
Before we move over to the CherryTrade option types I need you to know the following two expert features you really don’t want to miss:
- Rollover: with the CherryTrade Rollover function you can de lay the option’s expiry time and take advantage of a commanding stop-loss strategy. It requires an extra 30% investment, but when the option expires in your favor you will receive another 30% payout.
- Double Up: when the trade seems to go well, you can decide to open another trade by copying the previous one. This means that the Double Up give you the opportunity to increase your investment and might be doubling the money you invested. One thing different: the current market price is copied.
CherryTrade Review: Option Types
High Low Options: these are the common binary options every binary options broker supports. But CherryTrade.com gives a higher payout on these. Where many brokers give a 70% payout, CherryTrade.com goes all the way up to 80%!
Pairs trading: not like binary options about ‘up’ or ‘down’. Instead of choosing a direction, in pairs trading you decide wich tradable asset will outperform the other.
Long Term binary options: not a unique feature. But, I have never seen expiry times this far away in the future. Today 28-10-2014 you can choose to invest in a long term binary options which will expire on 25-09-2015. Yes, that is almost a year!
Sixty Seconds binary options: a very misleading name, CherryTrade! When you open the Sixty Seconds Binary Options section on cherrytrade.com, you will not only see 60 second expiries but also 30 seconds and 120 seconds. We will forgive them for that name, won’t we? They offer more than they promise..
One Touch Options: a golden oldie, every broker supports this. At CherryTrade.com the One Touch Options offer you a chance to make a 500% profit on your investment. As soon as the target price is ‘touched’ the option expires in the money.
Ladder Options: offering payouts up to 1500%, ladder options are my personal favorite feature. Expecially trading forex pairs like EUR/USD and USD/JPY are very good predictable. Only a few pips difference can bring you huge profit! Go check them out at http://www.cherrytrade.com/ladderoptions.
CherryTrade Review: Account types
CherryTrade Review: Trading Academy
In trading binary options, every trader should have the highest level of education. Although binary options trading is a simple way of trading the market, the more knowledge the trader has the higher the profits will be. You have to know what you are doing. If you don’t, it will be gambling like in a casino.
Every new trader receives a trading ebook for free. It contains helpful information regarding trading binary options, as well as a glossary with terms.
Next to the ebook, a trading academy with a lot of educational videos is also part of the package. Some topics covered:
- Trading psychology in binary options
- Financial management in binary options
- Market analysis in binary options
More info can be found here: http://www.cherrytrade.com/TradingAcademy
- No need to install software to trade.
- A trading account can be opened in USD or EUR.
- The minimum deposit amount is $200 or €200.
- The maximum deposit is $5000 for credit cards and unlimited for wire transfers.
As far as I know there are no CherryTrade complaints as we speak. When you have an issue regarding this binary options broker, please send me an email with your name at infocfdoptions.com (remove the [ and]) and will look in to that.
CherryTrade Review: Conclusion
All in all, CherryTrade.com is a great binary options broker offering a lot of great features like the Ladder options, rollover, double up. And a trading academy for both novice and professional binary option traders. Starting the binary options market with as little as $200 and opening an account in less than 10 minutes makes it very easy to profit the financial market.
Keep in mind: CherryTrade is not regulated.