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CherryTrade Review
Trading Platform CherryTrade
CherryTrade uses the SpotOption trading platform. A popular trading platform option among binary brokers, SpotOption flaunts a relatively easy to use interface and is loaded with basic and advanced features that novice traders will be able to learn to use in no time. SpotOption is now available for mobile devices, specifically Android and Apple iOS smartphones and tablets.
The platform is 100% web-based which means you don’t have to download any software. It can be accessed anywhere in the world. You can quickly access all your transactions – deposits, withdrawals, and trading portfolio – in the ‘My Account’ section. The maximum amount you can invest per individual trade is $5000.
SpotOption has the following unique features:
- Take Profit
- Rollover
CherryTrade offers secure trading as it is utilizes the widely used SSL (Secure Sockets Layer) security system to encrypt encrypt all credit card payments over the web. This system is fully protected and automatic. You will get notification if your browser does not support the SSL security system.
You can open trading accounts in USD, GBP, Euros, CAD, and AUD. The minimum deposit is 200 in your chosen currency. The maximum deposit by credit card is 20,000 USD and unlimited amount if you use bank wire transfer. The minimum withdrawal amount is 100 in your chosen currency. CherryTrade processes each withdrawal request within five business days. For customer support, you can contact this broker via phone, live chat, or email.
Pros
- SpotOption Platform
- Low minimum deposit
Cons
- Low Payout
Platform type: SpotOption
Platform Languages: English, Spanish, German, French, Russian, Chinese, Japanese, Italian
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: Yes
Company information CherryTrade
Located in: Gibraltar, European Union
Website: http://www.cherrytrade.com
Founded in: 2014
Accepts US Clients: No
Phone number: 917-775-0324
Email: support@cherrytrade.com
Account Options CherryTrade
Commission:
Minimum Deposit: $200
Payouts Percentage: 85%
Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill
Withdrawal Options: Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill
Payout Ratios: CherryTrade offers payout up to 85%.
Available Assets CherryTrade
Forex, Indices, Stocks, Commodities
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
Customer Support Languages: English, Spanish, German, French, Chinese, Japanese, Italian, Arabic, Dutch, Swedish
Customer Service Hours: CherryTrade provides 24/7 customer support.
Place Trades Over the Phone?: Yes
CherryTrade Trade types
CherryTrade offers the following trade types:
- High/Low
- Pairs
- Long Term
- 60 Seconds
- One Touch
- Ladder
CherryTrade Trade accounts
CherryTrade offers five types of accounts:
Classic Account – Deposit 200+
- 20% welcome bonus
- Junior broker
- Level 1 education center
Pro Account – Deposit 2,500+
- 35% welcome bonus
- Executive broker
- 1-on-1 basic training – 1 hour
- Level 1+2 education center
- General trading signals
Gold Account – Deposit 6,500+
- 70% welcome bonus
- Executive broker
- Risk free trades x3
- 1-on-1 advanced training – 3 hours
- Level 1-3 education center
- General trading signals
VIP Account – Deposit 50,000+
- 50% welcome bonus
- Executive broker + analyst
- Risk free trades x5
- 1-on-1 analyst sessions – 7 hours
- Level 1-4 education center
- Personalized trading signals
Corporate Account – Deposit 100,000+
- 30% welcome bonus
- Executive broker + analyst
- Risk free trades x10
- 1-on-1 analyst sessions – Unlimited
- Full education center
- Personalized trading signals
CherryTrade Position In Our Categories
Position of CherryTrade in our main categories:
TOP
20
CherryTrade is one of the top 20 Binary Options Brokers products
If you are interested in CherryTrade it could also be sensible to check out other subcategories of Binary Options Brokers listed in our database of B2B software reviews.
It is essential to realize that virtually no service in the Binary Options Brokers category will be an ideal solution that can match all the goals of different investors. It may be a good idea to read a few CherryTrade reviews first as certain solutions may actually perform well exclusively in a specific geography or situation or be designed with a very specific customer in mind. Others can operate with an intention of being simple and intuitive and consequently lack advanced functions welcomed by more experienced users. You can also find services that focus on a large group of customers and give you a rich feature set, however that usually comes at a more expensive price of such a solution. Make sure you're aware of your needs so that you select a service that provides exactly the functionalities you search for.
User Satisfaction
Positive Social Media Mentions
10
Negative Social Media Mentions
0
We are aware that when you choose to purchase a Binary Options Brokers it’s important not only to learn how experts evaluate it in their reviews, but also to check if the actual clients and companies that use these solutions are indeed happy with the service. Because of that need we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and CherryTrade reviews across a broad range of social media sites. The information is then presented in a simple to digest format revealing how many users had positive and negative experience with CherryTrade. With that information at your disposal you will be ready to make an informed buying decision that you won’t regret.
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Minimal deposit:
$10
$100
$100
$200
$250
What Bonus Does CherryTrade Offer?
No Deposit Bonus:
No
Bonus for First Deposit:
No
Is the Bonus Based on
the Volume of the Transaction?:
No
Other Bonuses:
No
CherryTrade offers the following bonuses/promotions: Risk free trades, academy, one on one sessions and more.
CherryTrade offers bonuses, reward features, and one-time trading credits as part of its promotional program. These bonuses are limited time offers and the terms and conditions associated with them are subject to change. This broker also offers a ‘Refer a Friend’ bonus.
Reliability of CherryTrade
CherryTrade may have some flaws that will make people think before they commit. For one, it does not have a demo account. That being said, CherryTrade does offer a number of features that indicate they are a legitimate binary broker entity. They have a beautifully designed website, a flexible range of trade sizes and types, and a number educational materials at all account tiers. They also boast positive reviews that definitely help to make them stand out from the rest.
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