CherryTrade Binary Options

UPDATE (3.10.2016):

We have found out that CherryTrade is closed.

We recommend choosing one of our top binary option brokers instead:

1. IQ Option
2. Banc de Binary
3. Finpari (for US traders)

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

CherryTrade Binary OptionsThere are a lot of reasons binary options trading has gotten so popular since its inception in 2008. Binary options trades are simple to understand and the trades are easy to place too; an investor simply has to predict which way an asset’s price will be trending at a specific expiration time. It is the only form of market trading where an investor can be successful even if the price of their asset goes down.

The markets also do not have to make big moves in order for an investor to realize generous profits. A lot of investors are becoming very successful at binary options trading to say the least. It is a type of trading that has grown from having 8 online brokers when it first started to over 200 online brokers today. One of these new brokers is the innovative and creative website CherryTrade.

Why is CherryTrade one of the most respected new brokers? One of the reasons is they feature a simple to use and understand trading platform. It makes it easy to select from a choice of assets and then place the required ‘put’ or ‘call’ trade on that asset. Once the expiration time and the asset trend have been chosen on a particular option, then an investor can simply sit back to wait and see if their trade is profitable or not. It is that simple to place a trade and make a generous return on investment that can be as high as 85% in some cases; that is a nice return for any type of market based trade.

Another unique feature of CherryTrade binary options trading is that an investor will know how much they will profit or take a loss on the trade before it is even placed. The CherryTrade platform will also display any fees for the trade, trade options and other details in a straightforward manner right on the display screen too. The platform can also be customized to meet individual trader’s preferences.

The CherryTrade platform is totally web based as is all binary options trading. There is no additional software that is required to sign up and use the website. Once the investor has filled out a simple form and made at least the minimum deposit of $200, then they will be trading in no time at all. They will also then have access to all the unique binary options learning tools that CherryTrade has to offer and access to their excellent customer support team too.

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References and Further Reading:

1. Change in unconditional foreign exchange rate volatility: an analysis of the GBP and USD price of the Euro from 2002 to 2003 (R Heaney, K Pattenden – 2005)

2. Exchange Rate Regimes, Foreign Exchange Volatility, and Export Performance in Central and Eastern Europe: Just another Blur Project? (B Égert, A Morales‐Zumaquero – 2008)

3. An Improved Moving Average Technical Trading Rule II: Can We Obtain Performance Improvements with Short Sales? (F Papailias, DD Thomakos – 2014)

4. ERM bandwidths for EMU and after: evidence from foreign exchange options (JM Campa, PHK Chang – 1997)

5. The relation between implied and realized volatility (BJ Christensen, NR Prabhala – 1998)

7 Binary Options review: CherryTrade: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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