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CherryTrade Review

CherryTrade
Our score: 8.1 User satisfaction: 100%
Logo of CherryTrade

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?

  • email
  • 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 might also be beneficial to check out other subcategories of Binary Options Brokers gathered in our base of SaaS software reviews.

It is essential to realize that almost no service in the Binary Options Brokers category is an ideal solution that can meet all the requirements of various investors. It may be a good idea to read a few CherryTrade reviews first as specific solutions may actually excel just in a specific geography or situation or be created with a really specific customer in mind. Others might operate with an intention of being simple and intuitive and consequently lack complicated functionalities needed by more experienced users. You can also find services that cater to a wide group of customers and offer a complex feature set, but this usually comes at a more significant price of such a software. Be certain that you're aware of your requirements so that you choose a service that has exactly the functionalities you look for.

User Satisfaction

Positive Social Media Mentions 10
Negative Social Media Mentions 0

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and CherryTrade reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with CherryTrade. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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CherryTrade Comparisons

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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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Reviewed By Louie Andre
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