Zvezda Geek Team welcomes you to CherryTrade Reviews, CherryTrade was established in 2013 but it’s not like many Binary Options Broker how start with unknown team, CherryTrade made by experts in Forex, risk management and international law. CherryTrade accept USA clients. The above information was only the beginning of the review and now let’s go to the overall review.
Basic information about CherryTrade
Main Branch: Gibraltar.
Return on Profit: 81%.
Minimum Deposit: 200$.
Minimum Trade: 5$.
Languages: English, Arabic.
USA clients: Yes.
CherryTrade platform looks like almost all binary options brokers in the market and it’s not customize for them and it’s OK for us because they depend on SpotOption platform which is popular platform in binary options market. Otherwise, we love SpotOption but respect more how made customize platform just for them even when it’s built through SpotOption. Anyway, let’s go to the important tools in the platform.
You will trade online directly because CherryTrade Platform is website based, do not worry about technical skills, it’s easy and fast to understand it.
Platform offers many tools to help you in trading journey and first thing catch our eyes is they offer Long-Team Options, this tool allows you to trade form 24 hrs up to one year. Most Binary options brokers afraid to work with this tool because it’s need team with high skills to can monitor the performance of work and feed you with daily info to catch the opportunity for you to achieve the greatest possible gain.Do you know why binary options brokers do not offer Long-Term tool? Because you will make big profits from it and additional expertise.
CherryTrade offer traditional tools like 60 sec, One touch, Ladder and Pairs. iFollow tool, it’s also trading tool that you can work with it through CherryTrade but we loved to talk about separately. iFollow permits traders to follow the most effective and most experienced traders on CherryTrade platform. Beginner traders are eligible to create substantial profits just by following advanced traders, from the day they deposit funds into their account. All traders ought to do is to decide on the trader that they believe are going to be the foremost effective and mechanically have all of their trades duplicated into their account.
Here is that the method of how to using iFollow on CherryTrade’s platform:
You will realize the iFollow tool below “trade now” once you’re logged into your account. Once you chosen the trader, you have to decide on the kind of trades you like to be copied into your account by clicking on “Asset Trader”. The default is “Cross-Asset Trader” which suggests that you simply will trade variety of various assets, otherwise you can even plan to follow a particular asset.
Once you have got chosen the dealer you’ll be following and have set the parameters, together with time-frame which supplies you, the choice of following your required dealer for one day or a whole year, and even have chosen the amount per trade. Traders will click on the “Followed Traders” tab to see the method of their trades.
CherryTrade offers a wide range of assets that can be traded for them, they vary between “Stocks, Currencies, Commodities, Indices”. Stocks section provide you with famous company’s “IBM, Coca Cola, Nike and etc…”. Currencies asset surprised us, because CherryTrade allowed trading on a pair Bitcoin / USD and it’s not found in others brokers. Commodities not big but offer main asset like “Coffee, Wheat, Gold and etc..”. Indices are from worldwide and sure you will find you local stock market.
CherryTrade provide smart phone applications work with IOS and Android phones, it’s powerful tools nowadays to monitor your account to gain more money and stop loss.
“Note: when we set our review we noticed that app buttons on *CherryTrade website was not landing on app pages, maybe it’s webmaster wrong, anyway we contact them about it”.
Update: CherryTrade reply, Android app work well but they reconstruction IOS app to compatibility with new Apple devices requirements.
Education Section, CherryTrade set education platform that will increase your knowledge and it’s professional platform for beginners and experienced traders.
It’s begin with Introduction Video Library and you will start with what is the Binary Options market and know many different financial tools, and reasons why the market changes. And then proceeds to Trading Psychology which is very important for you as trader to understand the importance of emotional intelligence while trading and to avoid bad vibes and also the feelings of greed when you succeed in trading and rush to enter the new trade but you lose because you did not rely on the scientific method.
Then, there is Financial Management videos and here you will know how to manage your money. Market Analysis Video is the last video in introduction section and you will know the difference between technical and fundamental analysis.
Video Trading Courses are second section in education platform and they’re divided to Beginners Level and Advanced Level.
Beginners Level include: Course Introduction, The world of global trading, Binary Options Advantages, Trading is an art form, Chance and Risk, Are you an emotional trader? and Distributing Risks.
Advanced Level include: Passive Trading 5/15 Rule, Aggressive Trading 10/30 Rule, Market analysis types, Trend, Support and Resistance, Shooting star, Harami patterns, Engulfing+, Downside Gap Three and Breakaway, 3 White Soldiers.
Then we move on to a new level, Advanced Course. Here you will learn and know many tactics build on senior analysts in the market to make profitable trades.
Trading eBook: We were happily great when we found this e-book because there who likes to know the information in the form of academic. This book do everything in videos which we have explained above, and we recommend that you print this book and make it a reference to you, the book contains:
- Traders psychology and behavior.
- Essential concepts and terms.
- Tips for a successful trading.
- How to use trading tools.
- Practice basic and important technique.
- Learn how to trade.
- Learn when to trade.
CherryTrade Accounts Types
Nowadays almost all brokers hide accounts information’s and we know the reason which is, they need you to open account and their team will contact you and offer higher account type than you decide to open it, anyway, no one can force you on something you do not need it. Below we will set all CherryTrade Accounts Types with benefits and advantages.
- Basic: 200$-1000$ with 25% Bonus and new deposit get 25% Bonus. You will have Daily – Weekly markets reviews.
- Professional: 1000$-5000$ with 35% Bonus and new deposit get 20% Bonus. You will have Daily – Weekly markets reviews, Four Risk Free Trades and weekly improvement sessions.
- Expert: 5000$-10,000$ with 50% Bonus and new deposit get 35% Bonus. You will have Daily – Weekly markets reviews, Four Risk Free Trades, weekly improvement sessions and Auto Trading Signals.
- VIP: 10,000$-25,000 with 75% Bonus and new deposit get 50% Bonus. You will have Daily – Weekly markets reviews, Four Risk Free Trades, weekly improvement sessions, Auto Trading Signals, 10% insurance for monthly loss, Personal account manager, Alerts on Breaking Trades and Weekly Technical sessions.
- Corporate: This account like VIP account but the advantages wider and faster speed of response. “This account needs to negotiate first with the company, this our special advice”.
CherryTrade Deposits and Withdrawals
CherryTrade set many ways to deposit money into your account and you can use Wire transfer, Visa, Master Card, Solo, Maestro and delta.
Same as the deposit ways but it’s need a minimum of 100 USD, EURO and maximum withdrawn amount is $20,000. When you withdraw your money through wire transfer “bank transfer” you will charge between 20$-30$ and this fees go to the banks how transfer your amount “Not CherryTrade”.
CherryTrade will work on your withdrawal within 3 business days and after that you will receive your money in about 7 business days. In first 3 days you will have to feed CherryTrade with proven documents that proof you are the true account holder, which are:
- Colored copy of your ID or passport with same details in your account.
- Utility bill include same address in your ID “If you can not submit it, ask bank statement within last 6 months and include you address in it, the address will be same one in your ID. It’s our own advice and it’s work “.
CherryTrade Customers Services
CherryTrade offer 19 phone lines and it’s great thing to contact company in work hours, also they provide contact us template and there is live chat.
We tested live chat and Robin was our representative and respond was in about 5 sec, that make us guess it’s automatic machine but it’s not. We asked about button in trading platform and the answer was helpful and going step-by-step with us to understand it. Live chat really help.
CherryTrade Platform was easy to work with it and it’s depend on SoptOption. The tools very helpful and our favorite one is iFollow, we recommend it to you. Asset include all important assets in the markets and we hope to see more commodities. Mobile Applications are great things nowadays especially the company update them each period.
Education sections was unique and made by CherryTrade and not copy & paste and that mean the company invest alot of money in it, we loved that they offer Videos and eBook include all videos materials.
Account Types are not bad and great thing in CherryTrade that the minimum trade is only 5$ and it’s useful thing for beginners break the barrier of fear of the market by working small amounts of money.
At the end, It seems that CherryTrade entered the market from professional door which established itself to be one of the top binary options brokers in the near future, our dealings with the company was between good and good is very, we hope to have it with you too, right now, it’s time to visit official website of CherryTrade, click here.What is your opinion about CherryTrade after reading our review? Are you working with CherryTrade? set your opinion and ideas in comment box below.
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