Cherry Trade Review
Up to 10 Risk Free Trades or 200% Deposit Bonus
|Support Number||44-2035192136 ( UK )|
|Support Types||Live Chat , Email , Phone|
|Languages||English , Arabic|
|Minimum 1st Deposit||$200|
|Minimum Account Size||$200|
|Minimum Trade Amount||$5|
|Promotions||Up to 10 Risk Free Trades or 200% Deposit Bonus|
|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|
- Up to 100% Deposit Bonus
- Easy to Use Platform
- Fast Withdrawals
- Good Customer Service
- Not Demo Account
- Few deposit methods
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.
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.
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 )
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.
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.
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[WPCR_INSERT]
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
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