Rank Compare Demo account* Max amount Min amount Year of foundation Trading platform 1 No 5 000 USD 5 USD 2014 CherryTrade
A binary option is a fast and extremely simple financial instrument which allows investors to speculate on whether the price of an asset will go up or down in the future, for example the stock price of Google, the price of Bitcoin, the USD/GBP exchange rate, or the price of gold. The time span can be as little as 60 seconds, making it possible to trade hundreds of times per day across any global market.
If you are completely new to binary options you can open a demo account with most brokers, to try out their platform and see what it’s like to trade before you deposit real money.
“Good looking website with eye catching graphics. I noticed their address is in the Republic of Ireland but advertising a UK based virtual landline phone number. There is no mention of regulation by any financial or gambling authorities in Ireland or the UK.
Personally, I would not use a broker or betting company that is not regulated because if any issues with the company you have no one to turn to. This is my personal preference.
Cherry Trade may not be your grand grand choice for binary options trading but if you look and check closely they have everything you need as a trader, and include the fact that they accept traders from the US.
Cherrytrade is not even professionals. They have some cheap place as office with low qualified employees who doesn’t know how market works.
It’s ok, no problem