Cherrytrade binary options all the options with cherrytrade
The trading platform is clear and intuitive, as should be expected where a firm puts such emphasis on making trading accessible for all.
The clear design ensures all the relevant information for a trade is on display, and traders can make choices quickly and easily with all the information they need. Traders can have more than one trading window open, but each window offers the same display options.
On the top left is the asset lists — these are a series of simple drop lists, enabling the trader to select the appropriate asset. Next comes the expiry time, again, this can be amended via the drop down menu. The last row along the top of the trading window in the amount being traded. Completing this field will update the potential payout figure that appears just above the payout percentage.
That percentage is clearly displayed so traders know exactly how much any payout will be. To the left, in the main section of the trading area is the price graph. This displays the recent price movement for the asset selected. This information can be changed by amending the time periods covered. This is of benefit when traders want to see a trend over the slightly longer term. Between the price graph and the payout is the current price — plus the all important trading buttons.
Here traders can select their call or put options. The whole trading area is fiendishly simple and new traders will be up and running almost immediately. The assets lists at CherryTrade are good, though some brokers may offer more currency pairs and commodities. That said, all the well traded assets are there and as a relatively new broker, CherryTrade will add to their offering as they go.
CherryTrade make their trading platform available on mobile for both iOS and Android version 2. The mobile app presents a trading area which is equally easy to use as the full website. Historical trading information is presented on the mobile application too, with open positions listed and then a similar page listing expired positions. All the relevant details of those trades is displayed. Account details are also accessible from the mobile app including deposit and withdrawal requests.
Every account provides some perks, possible including individual training consultations, risk-free investments, trade insurance, trading signals , technical analysis training, and more. The Basic account can be opened with a deposit of either Euro or US dollars. The minimum withdrawal amount is set at Euros or Dollar. Payment processing time averages days total.
The primary concern that stands out with this broker is the lack of regulation. However, they are located in Gibraltar, a location which is yet to establish any regulatory authority.
As far as reputation related to withdrawals goes, this broker is considered to be extremely reliable. For this reason, there seems to be little cause for any real concern on the part of traders. A lot of brokers offer some of the same things to their customers. If you have any questions, this will be like a FAQ section for this site.
This Review is filled with answers, we just hope we covered everything you want to know. Currently they provide access to the platform through Android and iPhone. We do recommend the fastest connection possible. A solid WIFI would be best. This will allow you to reach their servers at a faster rate. If you do run into latency , you may not want to use the App. This will be based on your experience. Their fast data feed will allow you access to numerous stocks and plenty of Forex pairs.
You can click over to the main site too read more about these offerings. Over the long run of trading, you want to make sure you have plenty of money to use at first. The risk is not only with losing your money making bad trades , but you also have to worry about the broker just taking your money.
Most sites these days are regulated, but for the ones that are not, we pick the sites we trust most. We feel that Cherry Trade is not a scam. You can deposit your money just like you would with 24option or any other big place.
Cherry offers multiple account levels. These are all based on your account size. The more you deposit the more you get in a bonus. Obviously the more money you put in the more extra you get to trade with. However, if you contact them after creating a funded account , they may give you several risk free trades. This is like having a bonus. This will let you take trades without potentially losing any money. Like many brokers this will depend on your location and method of withdrawal.
Processing takes time, which is just part of this industry. Assuming you are patient this will not be a problem for you.