CherryTrade is a binary options broker based out of the United Kingdom. They are relatively new, but that has become the norm in this quickly evolving industry. Despiet being brand new, they have already shown that they can compete with the big names in binaries. Their primary focus seems to be geared toward newer traders, but this doesn’t mean that they are not able to supply the big established traders with the tools that they need for success. CherryTrade has become a top broker for a reason; let’s see what that reason is.
The first thing that you will notice about this brokerage site is the site design. It’s very sleek looking, and very attractive. This is a great thing, but doesn’t mean much as far as using the site goes. Luckily, the design is user friendly and simple to understand. This doesn’t seem like it should be a useful feature in a financial site–these are all about making money, right?–but with binaries, it is an important thing. If the site is smooth and quick to use because of a superior design, then the fast trades, like 60 second options, become a tiny bit easier to navigate successfully. This eliminates user error, and it will eventually increase the number of trades that can be made per day. Even if that’s only one extra trade per day, a winning trader will still benefit quite a bit over the long run. [Read more…]