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CherryTrade Broker Review

CherryTrade Broker Review
James Taylor
The focus of CherryTrade is to investors the ability to have stable investments that have the greatest chance to succeed, even when the market is facing uncertain times. Binary options are considered one of the most practical and best investments, and CherryTrade offers great trading advice that can aid investors. CherryTrade offers a very easy,... Read more
The focus of CherryTrade is to investors the ability to have stable investments that have the greatest chance to succeed, even when the market is facing uncertain times. Binary options are considered one of the most practical and best investments, and CherryTrade offers great trading advice that can aid investors. CherryTrade offers a very easy, user-friendly website that makes trading easy.
4.5
  1. Website Preview

  1. Broker review

    The focus of CherryTrade is to investors the ability to have stable investments that have the greatest chance to succeed, even when the market is facing uncertain times. Binary options are considered one of the most practical and best investments, and CherryTrade offers great trading advice that can aid investors. CherryTrade offers a very easy, user-friendly website that makes trading easy.

  2. Special features

    From CherryTrade review it is easy to see why this is such a respected brokerage firm. They provide five different types of accounts, with each allowing investors to choose from accounts based upon the amount of support they need. While many brokers offer services based upon amount of funding, CherryTrade’s focus is on aiding clients based upon their needs. This includes personal service training, webinars, customer support, investment advice and general help.

    The five accounts are based upon the levels of help provided. They include:

    CherryTrade Classic

    – For deposits between $200-$499, with a welcome bonus of 25%.  Additional deposits receive a 25% bonus as well, and CherryTrade provides a daily and weekly review of the market to clients.

    CherryTrade Bronze

    – For deposits deposits $500-$999, with a welcome bonus of 35%.  Additional deposits receive a 20% bonus as well, and CherryTrade provides a daily and weekly review of the market to clients. In addition, clients receive four risk free trades, and offer phone trading sessions.

    CherryTrade Silver

    – For deposits between $1000-$4999, with a welcome bonus of 50%.  Additional deposits receive a 35% bonus as well, and CherryTrade provides a daily and weekly review of the market to clients. In addition, clients receive four $50 risk free trades, and offer phone trading sessions. Auto trading signals are also provided to clients.

    CherryTrade Gold

    – This account starts at a $5000 deposit. There is a 75% bonus on the first deposit and a 50% bonus on each additional deposit. There are also four $250 risk free trades, a 10% insurance against monthly losses, plus three months of signals. This account type offers all of the features of the previous accounts, but also includes free breaking trade alerts, and assistance from a personal account manager.

    CherryTrade Diamond – this starts with a $10,000 deposit, and includes a 100% bonus offer. This includes three months of four $500 risk free trades. All additional features are included as well.

  3. Your capital might be at risk

    Trading Software

    CherryTrade has the traditional graph-window system that works in any browser. The CherryTrade review discovered that their system works well no matter the speed of the internet connection. It is an easy system to learn and use, and very user-friendly. Displays are easy to monitor and read.

    CherryTrade has multiple options for windows that allows users to make trades using more than one trade option. The list of assets has some limitations, but the indices list is much more comprehensive. Since assets usually incur the smallest price changes the company’s focus is on asset investment as it is the most promising investment for investors.

    CherryTrade provides great teaching tools through their education tab. The lessons provided through their website are divided into a diverse area of finances including Market Analysis, the psychology of trading, and financial management. The lessons are in small, easy to follow videos, and an e-book is provided for each lesson that clients can keep as handy refresher tools.

  4. Support information

    CherryTrade is focused on providing quality support no matter where you are on the globe. Customers are able to speak to a service representative via chat, phone or email. Those who have a personal account manager can use Skype.

    Phone representatives are available in East Asia, Australia, Europe, the United States, and the Middle East. An email message can be sent directly from a person’s account or from the form on the CherryTrade website.

    The one negative about the CherryTrade service was that the email form was a little difficult to find. Ne had to go to the Terms of Use to find it.

  5. Banking and company information

    For those who have used a binary broker before you will find the CherryTrade financial services very familiar. Customers can fund accounts using any major credit card, no matter what the source country is. Wire transfers using the SWIFT system are also available.

    Transfers through an individual or corporate bank account are also available. This is a more expensive option many times and takes few more steps to make it happen. Many are using the E-Wallet option as well, and this system allows for rapid money transfers into accounts.

    The minimum deposited must be at least $200. To avoid the wire transfer costs one must deposit at least $500 into the trading account.

    Withdrawing funds from an account via a wire transfer takes up to ten total days to process and appear in the account. The minimum amount that must be withdrawn is $100, and those who are withdrawing to a bank account are subject to a fee of up to $30. Cancellations can only be requested during the processing phase.

  6. Your capital might be at risk

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