Are you looking for a binary option broker that is ideal for new traders and offers a lot of binary option types? Then CherryTrade is perfect for you. Learn all about it in our CherryTrade review:
The quick CherryTrade review
Instead of boring you with a long, meaningless review, we decided to give it to you straight. CherryTrade offers a few specialties that make it the ideal binary option for some traders. Let us walk through these specialties and see if CherryTrade is the right broker for you, too.
CherryTrade’s specialties are:
1. Large list of binary option types
If you are a trader that likes to have a large arsenal of binary option types at his hands, CherryTrade has a lot to offer for you. CherryTrade offers literally every binary option type available in the market. Whether you want to trade high / low options, one touch option, 60 seconds options, long term options, ladder options, iFollow options, or pair options, CherryTrade has the right tool for you.
Such a huge selection of binary option types is an invaluable advantage for your binary option trading. It allows you to trade any market, benefit from any chart scenario, and make more money than with a broker with a more limited selection.
Especially iFollow options and ladder options are great additions in any trader’s arsenal. iFollow options allow you to copy the trades of a professional binary options trader, thereby enabling even new traders to create high profits. Ladder options allow you to trade high / low options based on an array of price levels, not only the current market price, thereby enabling you to make higher profits and trade more market environments.
2. Daily and weekly market news
CherryTrade publishes a daily and a weekly market update that details developments in two assets (daily update) and three assets (weekly update) respectively. These updates are a great way for you to find trading opportunities, but also to learn to think like a professional market analyst.
CherryTrade’s daily and weekly market updates allow you to take a look inside the mind of a professional market analyst – a learning experience that can only help you trade more successful. Combined with the possibility to copy a professional traders trades via iFollow options, CherryTrade is a great broker for new traders that are trying to learn the basics of binary option trading.