Cherry Trade Review

Up to 10 Risk Free Trades or 200% Deposit Bonus
VISIT SITE

Overview

Last Cherry Trade Review update: 6th July 2016 Cherry Trade is one of the leading binary options trading brokers,whose high payouts and wide variety of tradable assets have made it… more

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Broker Details

Broker	Cherry Trade
Website URL	www.cherrytrade.com
Founded	2013
Headquarters	UK
Support Number	44-2035192136 ( UK )
Support Types	Live Chat , Email , Phone
Languages	English , Arabic
Trading Platform	SpotOption
Minimum 1st Deposit	$200
Minimum Account Size	$200
Minimum Trade Amount	$5
Promotions	Up to 10 Risk Free Trades or 200% Deposit Bonus
Payout	85%
Free Demo Account
Account Types	Basic , Professional , Expert , VIP , Corporate
Deposit Methods	Credit Cards , Wire Transfer
Number of Assets	150
Type of Investments	Commodities , Indices , Currencies , Stocks
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	1.5

Pros

Up to 100% Deposit Bonus
Easy to Use Platform
Fast Withdrawals
Good Customer Service

Cons

Not Demo Account
Few deposit methods

Full Review

Last Cherry Trade Review update: 6th July 2016

WARNING! This broker is not recommended.

This broker is either not regulated or generates a large number of complaints.

Check our list of regulated binary options brokers.

Cherry Trade is one of the leading binary options trading brokers,whose high payouts and wide variety of tradable assets have made it a very attractive option since its inception in 2013. Payouts for traditional binary trading can go as high as 85%, which is among the highest to be found in the industry.

Website Usability

Contents

CherryTrade’s user-friendly website is excellent for both experienced and novice traders. No downloads are required and applications are available for both iPhones and Android, making the site accessible 24/7. Traders can choose from traditional binary, long-term, 60-second, One-touch and Ladder trades, as well as “following” the site’s Top Traders and having the trades that they make also made from the user’s account.

Assets and Expiry times

CherryTrade offers approximately 150 assets to trade upon, including currency pairs, commodities, stocks and indices for trading. Binary options expiries range from 15-minute to full-day intervals, 60-second trading options can from as little as 30-seconds to 5 minutes, and long-term trading can expire within a week from placing the trade and as far off as the end of the year. One-touch trades are generally over the course of several days.

Maximum Payouts and Returns

Payouts in traditional Binary Options, Long-term and 60-second trading can be as high as 85%, while One-Touch payouts can reach 400% and Ladder trading as high as 1500% There is a window of time in which a trader can sell the trade before it expires and recover a portion of the investment. Short-term trades can be as little as $5.00, while the minimum binary, long-term and ladder trades are $25. One touch trades are made in units of $50/each.

Cherry Trade Test: Great Experience with Cherry Trade. Good Returns in 6 weeks and fast withdrawals.

Memberships

CherryTrade requires a minimum initial investment of $200 and offers five levels of membership, each determined by the amount the trader invests. The five types are

Basic (Up to $1,000 )
Professional (up to $5,000 )
Expert (up to 10,000 )
VIP ( up to 25,000 )
Corporate

Education and Demo Account

CherryTrade offers an extensive video library of tutorials for all traders, from first-timers to seasoned veterans. These helpful tutorials range from the basics in binary options trading to risk management, trading strategies as well as technical and fundamental analysis.

Demo accounts are available only for members with an Expert Account or higher.

Deposit Options

CherryTrade accepts several payment in 5 currencies, the Australian dollar, the Canadian dollar, the British Pound, the Euro, and the US Dollar. Major credit cards – Mastercard and Visa as well as some of the smaller onesare also accepted, as are wire transfers.

Customer Service

CherryTrade has representatives in several places around the world, and the website provides phone numbers for nearly 2 dozen countries. Additionally, traders can send messages through the CherryTrade website and representatives are in touch as soon as possible. Finally, during hours that the main Customer Service office is open, traders can click on the “Live Chat” button and speak directly and immediately with a Cherry Trade representative.

Customer Reviews on Cherry Trade

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About
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James Martin

I'm based in London ( England, UK )
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.