CherryTrade is a relatively fresh name on the binary options market. It was founded in 2013 and has received a lot of praise in this short period. This might be surprising to an extent, but our experts have found it to be no coincidence. Though new, CherryTrade is composed of experienced experts who have made a name for themselves in the financial industry. In this CherryTrade Review 2016, we take a look at the key aspects of this broker and analyze whether they are a good option for traders. If you are interested in trading with this broker, don’t stop reading because this review will present you with all of the most important information you need to know before you start trading.
CherryTrade Review 2016 | Account types
Starting off this CherryTrade Review 2016, we take a look at the various account types offered by this broker. Even at a first glance, it is obvious that CherryTrade offers a wide variety of options for both rookies and experienced traders. Their 5 account types (Classic, Pro, Gold, VIP and Corporate) have minimum deposits ranging from a very accessible USD 200 to the comprehensive USD 100,000, truly offering something for everyone. In addition to the usual benefits gained with opening an account, CherryTrade offers numerous other advantages. Depending on the type of account you choose, you might get 1-on-1 training with a financial expert, trading signals based on your preferences and previous trading history, risk free trades and access to the education center hosted by CherryTrade. While these benefits are not completely uncommon in the industry, the wide variety and advantages CherryTrade offers are among the best we have ever seen. If you are interested in the other benefits offered by this broker, read the following sections of this CherryTrade Review 2016 before you make any decisions.
CherryTrade Review 2016 | Minimum deposit
Before you start trading with CherryTrade, you will need to make an initial deposit. The minimum deposit is 200 units of your account’s currency, a standard in the industry, but this amount can be as high as you want it to be if you are using a bank-wire transfer, or as high as USD 20,000 if you are using a credit card. In order to make your deposit, you will need to provide the usual data: a photo ID, proof of address and a copy of the credit card. The deposit procedures available are credit and debit cards (Visa, MasterCard, Maestro, Visa Electron), eWallet and bank wire transfers. Wire transfers have a USD 25 fee attached if the deposit itself is not of at least USD 500, and note that it can take up to 5 business days for the amount to be available in your CherryTrade account. These features are all fairly good. They will provide you with the safety you need, while at the same time allowing you to customize your trading experience to your highest benefit. These features, in addition to the ones discussed in the other sections of this CherryTrade Review 2016, provide a system that can be adjusted for each individual user for maximum comfort. The same goes for CherryTrade Withdrawal, so don’t forget to check out that article, as well.
CherryTrade Review 2016 | Security
As mentioned before, CherryTrade was founded only a few years ago. However, this does not mean they are lacking in experience. Composed of experts who have been in the industry for a long time, they know how to protect their clients’ security, and according to what we have seen in doing research for this CherryTrade Review 2016, they have made it their top priority. A robust SSL encryption technology employed to protect your personal and financial information is in place, and its quality is guaranteed by the latest SSL certificates, offering you an environment in which you can trade without any fear. Additionally, CherryTrade guarantees that their employees will never ask you for your personal or financial information due to the quality of the security system you have in place, which is something to keep in mind. In order to further solidify their defenses against hackers and the like, CherryTrade has organised a team dedicated exclusively to assisting customers and maintaining the security system, thus guaranteeing you both safety and assistance whenever you need it. Additionally, if your browser does not support this SSL security system, you will receive an immediate notice of this, allowing you to change browsers so as to get the maximum benefit out of this security system. If you want to get more insight into this aspect of this broker, check out our Cherry Trade Scam Report.
CherryTrade Review 2016 | Customer Support
As we stated in the introduction to this CherryTrade Review 2016, CherryTrade boasts an expert team dedicated exclusively to providing their clients with the information they need, be it financial information provided to assist the clients in any future trades they might engage in, or information aimed at helping the clients navigate and use CherryTrade’s trading platform with ease. In terms of how to contact CherryTrade, there are several options. You can contact them via e-mail, via telephone, or even via the live chat option present at their website. All of these options are available to you regardless of what kind of information or assistance you need, making CherryTrade one of the best brokers in terms of customer support that we have had the pleasure of reviewing. This is why, taking into consideration all that we stated above, we can’t but recommend this broker to all potential traders and praise their professionalism and availability in this section of our CherryTrade Review 2016.
CherryTrade Review 2016 | Conclusion
When we started our research for this CherryTrade Review 2016, our experts were aware of the great reputation their employees have and they expected a solid broker that we could recommend to you. However, what we came across surprised us – a high-quality security system, a great number of options for everyone and a professional and active customer support all guarantee you a safe and pleasant trading environment. If you are looking for a great broker, don’t hesitate and open an account with CherryTrade today.