{"id":4407,"date":"2020-04-07T07:10:05","date_gmt":"2020-04-07T07:10:05","guid":{"rendered":"https:\/\/trade-malaysia-option.com\/cherrytrade\/"},"modified":"2023-02-12T11:26:12","modified_gmt":"2023-02-12T11:26:12","slug":"cherrytrade","status":"publish","type":"post","link":"https:\/\/trade-malaysia-option.com\/en\/cherrytrade\/","title":{"rendered":"CherryTrade"},"content":{"rendered":"<p><span><span class=\"\">Cherry Trading has ceased trading.\u00a0<\/span>The firm is no longer accepting new accounts.\u00a0Return to the broker comparison table to find alternative brokers.\u00a0CherryTrade is a new broker, but they built a strong reputation quickly.\u00a0Their offices are located in London, but the firm is quickly establishing them around the world.\u00a0Running on the SpotOption platform, they became popular with traders in a short space of time.\u00a0This supports their goal of providing a simple introduction to trading, where stock market experience is not a prerequisite for success.\u00a0The easy-to-use tools and intuitive design make it a very &#8216;accessible&#8217; broker, and this is further reinforced by their customer support.\u00a0There are five account levels to suit different customer needs,<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p><span>Here are some other key details about CherryTrade;<\/span><\/p>\n<ul>\n<li><span>Demo Account \u2013 Yes (Real money deposit required to open demo account)<\/span><\/li>\n<li><span>Minimum Deposit \u2013 \u00a3200<\/span><\/li>\n<li><span>Minimum trade \u2013 \u00a35<\/span><\/li>\n<li><span>Signal service \u2013 Yes<\/span><\/li>\n<li><span>Bonus details \u2013 Deposit match bonus (up to 100%) or risk-free trading available.<\/span><\/li>\n<li><span>Mobile App \u2013 Yes.\u00a0Android and iOS are fulfilled.<\/span><\/li>\n<\/ul>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/Screenshot-2015-06-08-15.45.44.png\" alt=\"\" width=\"779\" height=\"342\" \/><\/h2>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Trading Platform<\/span><\/h2>\n<p><span>The trading platform is clear and intuitive, as expected where the firm places such an emphasis on making trading accessible to all.\u00a0The clear design ensures that all relevant information for trading is displayed, and traders can make choices quickly and easily with all the information they need.\u00a0A trader can have more than one trading window open, but each window offers the same display options.\u00a0On the top left is the asset list \u2013 this is a simple drop down list, allowing the trader to select the appropriate asset.\u00a0Next comes the expiration time, again, this can be amended via the drop down menu.\u00a0The last line along the top of the trading window in the amount traded.\u00a0Completing this field will update the potential pay figure that appears just above the payout percentage.\u00a0The percentage is clearly displayed so the merchant knows exactly how much payment will be made.\u00a0On the left, in the main part of the trading area is the price graph.\u00a0This displays the recent price movement for the selected asset.\u00a0This information can be changed by amending the time period covered.\u00a0This is beneficial when traders want to see trends over a longer period of time.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.\u00a0The percentage is clearly displayed so the merchant knows exactly how much payment will be made.\u00a0On the left, in the main part of the trading area is the price graph.\u00a0This displays the recent price movement for the selected asset.\u00a0This information can be changed by amending the time period covered.\u00a0This is beneficial when traders want to see trends over a longer period of time.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.\u00a0The percentage is clearly displayed so the merchant knows exactly how much payment will be made.\u00a0On the left, in the main part of the trading area is the price graph.\u00a0This displays the recent price movement for the selected asset.\u00a0This information can be changed by amending the time period covered.\u00a0This is beneficial when traders want to see trends over a longer period of time.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.\u00a0in the main part of the trading area is the price graph.\u00a0This displays the recent price movement for the selected asset.\u00a0This information can be changed by amending the time period covered.\u00a0This is beneficial when traders want to see trends over a longer period of time.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.\u00a0in the main part of the trading area is the price graph.\u00a0This displays the recent price movement for the selected asset.\u00a0This information can be changed by amending the time period covered.\u00a0This is beneficial when traders want to see trends over a longer period of time.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.\u00a0Between the price and payout graphs is the current price \u2013 plus all the important trading buttons.\u00a0Here traders can choose their calls or put options.\u00a0The entire trading area is easy traders and new traders will soon walk.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Trader&#8217;s choice<\/span><\/h2>\n<p><span>CherryTrade offers a wide variety of binary options.<\/span><\/p>\n<ul>\n<li><span>Binary Options \u2013 Traditional High \/ Low Options.\u00a0Will the asset increase in value, or fall?<\/span><\/li>\n<li><span>Pairs \u2013 Which two assets \u2013 usually corporate stocks \u2013 will do the best?\u00a0Asset pairs will usually be correlated, for example Google versus Amazon.\u00a0This type of trading is not available with most brokers.<\/span><\/li>\n<li><span>Long-term \u2013 Long-term options follow the same principals as standard binary options \u2013 but have a longer expiration period.\u00a0The expiration time can be from one or two weeks, up to 9 or 12 months.<\/span><\/li>\n<li><span>60 Seconds \u2013 High octane trading!\u00a0Again, the trade is actually the same as a standard binary option, but here, the expiration time is very short \u2013 60 seconds or less.<\/span><\/li>\n<li><span>One touch \u2013 A popular and potentially fast type of option.\u00a0Does the asset &#8216;touch&#8217; a certain value before expiry.\u00a0A touch option generally has a high touch value, and a low touch value.<\/span><\/li>\n<li><span>Reach \u2013 Not available at many brokers, CherryTrade also offers a ladder through their platform.\u00a0Ladders are higher price levels that allow traders to make large returns if the value of the asset breaks through several &#8216;ladder&#8217; steps.\u00a0Payouts at CherryTrade can reach more than 1000% with this type of instrument.<\/span><\/li>\n<li><span>iFollow \u2013 The iFollow feature is listed next to the trade type, but not the trade type.\u00a0It is a tool to allow traders to imitate trades made by other traders that are profitable.\u00a0This is covered in more detail in the &#8216;Other Features&#8217; section.<\/span><\/li>\n<\/ul>\n<p><span>The list of assets on CherryTrade is good, although some brokers may offer more currency pairs and commodities.\u00a0That said, all assets are sold well there and as a relatively new broker, CherryTrade will add to their offerings as they go.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Mobile App<\/span><\/h2>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/Screenshot-2015-06-08-21.22.40.png\" alt=\"\" width=\"675\" height=\"290\" \/><\/h2>\n<p><span>CherryTrade makes their trading platform available on mobile for both iOS and Android (version 2.3.3 and up).\u00a0The mobile app presents a trading area that is just as easy to use as the full website.\u00a0The trading buttons are well positioned and sized, so while all the information is available, the screen doesn&#8217;t become &#8216;fiddly&#8217; to use.\u00a0Historical trading information is presented on the mobile app as well, with open positions listed and then the same page listing expired positions.\u00a0All details related to the trade are displayed.\u00a0Account details can also be accessed from the mobile app including deposit and withdrawal requests.\u00a0Account balance can be displayed at any time, on any screen,\u00a0allowing traders to stay up to date wherever they are.\u00a0This app is a great addition to CherryTrade and has been well received by traders looking for a mobile solution.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p>&nbsp;<\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Payment<\/span><\/h2>\n<p><span>CherryTrade generally offers a payout of around 81%, and this depends on the asset class and expiry time.\u00a0Payouts are on a higher spectrum compared to competitors, and more exotic trade types can provide higher payouts.\u00a0Certain measures can offer large payouts (as much as 1000%) if the trader believes that the asset is approaching a volatile period, and the price movement will be significant.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Withdrawal and deposit options<\/span><\/h2>\n<p><span>CherryTrade offers a variety of deposit and withdrawal options.\u00a0They also employ a number of strict security measures, including a &#8216;proof of identity&#8217; process that must be met before funds can be deposited (Photo ID, proof of address and if using a credit card, a copy of it).\u00a0This also streamlines the production process.\u00a0Deposits can be made via eWallet, CashU, Wire Transfer, Maestro or Credit Cards (credit cards accepted include Visa, Delta, MasterCard, Diners and Visa Electron).\u00a0Wire transfer deposits can attract fees unless they exceed $500.\u00a0Withdrawal requires proof of same identity before action is taken.\u00a0This can be a bone of contention with some traders who see it as an unnecessary delay \u2013 but it is an anti-money laundering requirement, and actually protects consumers.\u00a0There are no fees for withdrawals back to the credit card \u2013 and merchants can make one wire transfer per month for free \u2013 but there is a $30 fee for additional withdrawals made via wire transfer each month.\u00a0Withdrawals can only be made back to the same card that made the deposit.\u00a0Also, withdrawals cannot exceed the amount of deposits made with the card \u2013 the rest must be transferred via wire transfer.\u00a0This effectively means that any profit from the trade has to be withdrawn directly to the bank.\u00a0There is also a maximum withdrawal amount of $20,000 per withdrawal.\u00a0Withdrawals can be canceled by the merchant if funds are required in the account.\u00a0As long as withdrawals are not processed, cancellations can be made directly with CherryTrade, either by email or phone.<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n<p>&nbsp;<\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><span>Other features<\/span><\/h2>\n<p><span>CherryTrade has one additional feature in particular that makes it an attractive proposition \u2013 the &#8216;iFollow&#8217; option.\u00a0Here are some details on that, and other features;<\/span><\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/Screenshot-2015-06-08-21.03.53.png\" alt=\"\" width=\"769\" height=\"436\" \/><\/h2>\n<ul>\n<li><span>iFollow \u2013 This feature allows traders (especially newbies) to follow trades made by the most successful traders on CherryTrade.\u00a0Users can choose which traders they want to follow, choose how long they follow them, and how many places for each trade.\u00a0<\/span><em><span>CherryTrade will then automatically<\/span><\/em><span>\u00a0open the same trade\u00a0\u00a0\u00a0, allowing less experienced traders to profit from knowledgeable and profitable traders.\u00a0There is a growing trend for features like this, but CherryTrade is ahead of the game here.<\/span><\/li>\n<li><span>Rollover \u2013 Postpones the expiration time of a binary option, to the nearest existing expiration time, in exchange for a premium.<\/span><\/li>\n<li><span>Double Up \u2013 Traders can repeat their trades in one click, allowing them to maximize profits from sustained price moves, or trends that appear set to continue.<\/span><\/li>\n<\/ul>\n<p><span>CherryTrade offers great options for new traders, hence the rapid growth they are enjoying.\u00a0However, they also accommodate more experienced traders by delivering a good list of assets and a wide variety of trades.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 data-fontsize=\"39\" data-lineheight=\"39\"><a href=\"https:\/\/iqoption.com\/lp\/mobile-partner\/ru\/?aff=12245&amp;afftrack=&amp;clickid=\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/iqoption.png\" alt=\"\" width=\"300\" height=\"72\" \/><\/a><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Cherry Trading has ceased trading.\u00a0The firm is no longer accepting new accounts.\u00a0Return to the broker comparison table to find alternative brokers.\u00a0CherryTrade is a new broker, but they built a strong reputation quickly.\u00a0Their offices are located [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104],"tags":[],"class_list":["post-4407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ulasan-en"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4407"}],"collection":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/comments?post=4407"}],"version-history":[{"count":2,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4407\/revisions"}],"predecessor-version":[{"id":4409,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/4407\/revisions\/4409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media\/3524"}],"wp:attachment":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media?parent=4407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/categories?post=4407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/tags?post=4407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}