Cherry Trade first launched in early 2014 and are based in Gibraltar. Although the broker is relatively new in comparison to its competitors, they have concentrated mainly on their education centre and they accept traders from almost any country in the world, including the USA, which makes them a desirable choice not just for experienced traders but with beginners and amateur traders as well. With more than 50 assets to trade, Cherry Trade are another SpotOption brand which means trading is not just limited to the Call/Put trading style. Trading can be done using a wide spectrum of styles such as Pairs, Long Term, 60 seconds and One Touch. In addition to these, Cherry developed their own “Ladder” trading which is now used by others too. Ladder Options offer a variety of price levels at different intervals for traders to predict the importance of market movement.
Cherry Trade have 5 different account types depending on deposit amounts. While this may sound like overkill, I actually think that this makes a lot of sense as some brokers just offer either standard trader accounts or very expensive VIP accounts for traders who deposit massive sums into their account. Staggering their account types means that instead of having to deposit $10,000 to qualify for their highest package, amateur traders can make smaller deposits and still enjoy the features and bonuses available to each package. A standard account, for traders depositing between $200 and $499, offers the most basic package with a 25% welcome bonus. The subsequent account types, bronze, silver, gold and diamond, offer welcome bonuses of 35%, 50%, 75% and 100% respectively. All but the standard account also offer 4 risk-free trades of varying amounts and free weekly calls and tutorial sessions which are a good incentive to take a leap and deposit more. After all, the more you deposit, the more you stand to make!
Why Promote Cherry Trade?
Customer service from Cherry Trade is relatively good and for traders who deposit $5000 or more, giving them gold or diamond accounts, can better their trading knowledge with bonus features such as weekly technical and fundamental training sessions, free alerts on breaking trades and even a personal account manager and access to a private Skype room.
So, with their fantastic variety of account levels, attractive bonus incentives for each of these account types and highly rated customer support and education centre, why not sign up for a free account using the button below and give them a try.