Cherry Trade Options Review – Good Broker or Stay Away?
Welcome to this blog post and the reason you are here is because you want to learn if this broker is the right fit for you. There are so many scams happening when it comes to trading, so we decided to create this website to show you the path to truth and true success.
In this Cherry Trade Options Review, we going to reveal everything and expose any negative aspects of this broker.
Find out of Cherry Options is a good broker or a big scam!
Cherry Trade Options Review – Background
Cherry Trade was founded in 2013 making it a new breed of binary option brokers. Based out of Gibraltar, they have a big global population of avid traders including U.S customers which is getting more and more rare in this binary world.
Brokers like Red wood Options are constantly saying how they will no longer take U.S accounts, but they seem to keep pushing the date.
Overall Cherry Trade have a great team of management that comes from all different background including derivatives, Forex, risk management and international law.
Now, let’s take a look at their platform and features…
CherryTrade Options – Features & Platform
When it comes to binary trading options, Cherry Trade is on the smaller side, but that’s okay because it’s still a new company.
Traders have the following options:
- Roll Over
- Double up
- Sell Early
- Turbo Options
- Maximum of 85%
Other interesting features include:
- Open Builder – Create your own setup daily
- Platform that displays all the important data
- Forex Pairs (12 + Bitcoin/USD)
- Stocks (19)
- Commodities (7)
- Indices (20)
When it comes to their actual platforms, Cherry Trade Options thought it out well. Everything you need to know is well displayed so you can make a good decision to trade or not…
You don’t have to worry about some crazy math or calculations like other sites.
A good example of this is if your option has a payout of 85% and potential rebate of 5% on $250 wager, the system let’s you know your potential winnings could be $212.50 and your protected amount would be $12.50 before you trade.
The platform supports mobile trading with the latest SSL technology to encrypt your trading activity.
Cherry Trade – Deposits and Withdrawals
When it comes to deposits, it’s very simple with CherryTrade. All Major credit-cards are accepted including debit cards, bank wire transfers and many different local and global payment providers.
The minimum deposit is $200 USD or 200 Euro’s and can also be set in AUD, CAD, and GBP.
Before you can withdraw, due to international law, a photo I.D, Proof of Address, and credit card details are required before the withdrawel get’s approved and processed.
Withdrawal can only go to the same account where you send the deposit from as well.
Here are their different account types:
Customer Service and Support in Cherry Trade
This broker has one of the best customer service in the industry. With one-on-one training and assistance and 24/7 availability, you will never be left in the dark…
They have 19 direct phone lines to help you and serve you through Sunday to Saturday…
Not too shabby…
Cherry Trade Options Review – Conclusion
Even though Cherry Trade is a new binary option broker, they are fully regulated with great customer service and options.
If you would like to open an account with them and give them a shot…
If you open your account through that link, we will send our bonus training and access to our Facebook group where we show you how to trade the right way.
This bonus training is worth thousands, but we are committed to our members and want you to succeed.
We are here to put an END to all the binary options scams out there.
If you are using Cherry Trade, tell us about your personal experience and how are you doing with them?
Jesse Singh & Sean Agnew