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12% GUARANTEED SAVINGS PROGRAM AT CHERRYTRADE -Please advise

Hi guys,

I was trading with Cherry Options and basically, one of the account managers offered me to invest 10k with guaranteed investment protected. I then told him to send me the contract so I can look over it.

The contract states this

image

He says the minimum return guaranteed would be 12% monthly which doesn't seem to unreasonable.

Can someone please advise if this could be legit? I know Cherry Trade are a reputable company.

Thanks a million,

Bob



Comments

  • OkaneOkane Posts: 1,281 admin
    edited August 2016
    Hey, Cherry Trade a reputable company? Where did you get that from?
    They have been involved with lots of autotrader scams and have lots of complaints
    not to mention warnings from authorities.

    Check out recommended brokers instead:
    http://www.binaryoptions.net/brokers/

    Have you even googled them yet? Everyone is trying to get their money out
    and it's like getting blood from stone.
    http://forum.binaryoptions.net/discussion/2941/got-scammed-by-cherry-trade-for-20-000

    And that is a bonus do not accept bonuses from brokers like these, they use it
    to never let you withdraw.
  • The_Geek_MHThe_Geek_MH Posts: 718 mod
    here are some questions you should ask.. first, 12% of what? what is he guaranteeing? That you will make profits? If he is then he is lying to you because no one can guarantee that. The next issue I have is that the risk free trades sound neat at first, but all they really do is lock you into bonus money because that is what the "risk" free really means, if you lose they will give you bonus money to replace it, not your money back.
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