CherryTrade is a good binary options broker with a great reputation and easy to use trading platform.
- Minimum Deposit: $200
- Average Payout: 81%
- Get 5 Risk Free Trades
- Web site
- Online since
- – SpotOption Platform
- – Low minimum deposit
- – 81% max payout
CherryTrade was founded in 2013, and over the years this broker has become one of the top choices for traders (mainly US), because it’s the perfect broker for both novice and experienced traders. CherryTrade was able to establish themselves in the industry with their outstanding customer support, their extremely user-friendly platform, and their very knowledgeable team and they have a very good reputation in the binary industry.
This broker is owned by Redtulips Consultants LTD, a company which has offices in London, and operates from Gibraltar. We have split up this CherryTrade review into multiple categories.
Assets and Trading Software
Cherry is known for their extremely easy to use platform, which includes an education section, giving in-depth knowledge about binary options trading, advantages, strategies and much more. The broker offers over 100 different assets in 4 different categories: commodities, indices, currency pairs, and stocks including Facebook, Amazon, Twitter, Apple and many others.
They offer six different options which include the classic call/put binary options, pairs, long term with expiration up to a year, 60 seconds binary options, as well as 180 seconds and 300 seconds options, one touch options with up to 550% profits, and ladder options with an industry leading up to 1500% profit. CherryTrade now also offers the trading tool Ifollow, which lets traders follow experienced and successful traders automatically placing their trades on their account.
Cherrytrade works on all devices: pc, smartphone, tablet. Their platform is web based, which means that you don’t have to download any software to get started. This way you can even access your account from computers where downloads are not allowed (for example at work). Of course if you want to trade on your smartphone or tablet, you will have to download their app. The Cherrytrade app works on both: android and iOS. You you are using a PC, then you are not restricted to any operating systems: you can use Microsoft Windows, Linux or any operating system, as 100% of the trading is done online. This means that you can access your account from any device that has internet on it.
Cherrytrade Account Packages
CherryTrade offers a variety of packages that cater both to novice traders who need education and more one on one support from Cherrytrade’s experts, as well as to more advanced traders that need a more tailored account that include bonuses and risk free trades.
Depositing and Withdrawing
Depositing with CherryTrade is pain free and very quick, while using the very safe and secure SSL encryption for all of their transactions. Even though this broker is not regulated by CySec, you can still feel safe, because one of the priorities of this company is to make the platform as safe as possible. You can open an trading account in any of the following currencies: USD, EUR, AUD, CAD and GBP.
You can deposit and withdraw money using following payment methods: Credit/Debit Card (including Amex), Wire Transfer, Skrill (Moneybookers). The minimum deposit on Cherrytrade is only $200, which is one of the lowest in the industry.
CherryTrade knows that being successful is the most important aspect of trading and because of this they have the number one best educational center today in the industry, that has a wide range of resources including individual training sessions with professionals. As soon as you register with CherryTrade you receive access to huge online training video library of the site and also an online e-book. Cherrytrade has many different levels of education that can turn even the most novice of trader into a successful one. We recommend checking out these resources especially if you are new to binary options trading.
While reviewing this broker, we found out that CherryTrade’s outstanding customer support is available 24 hours a day, 6 days a week via email, phone, and Live Chat. Their team of professionals are not only able to help clients with any questions they have about the website, but also with trading tips, while also having a vast knowledge base about the different financial markets. The Live Chat support is great, if you have an urgent question.
Is Cherrytrade a Good Broker?
According to user reviews on other websites and forums, traders are having a great experiences with CherryTrade and after trying it out ourselves we can agree. With so many amazing features that include a top of the line educational center, a very user-friendly platform, it’s no wonder why so many traders are raving about their experience with CherryTrade. On top of that CherryTrade is ranked as one of the best trading platform on the internet and are also available to U.S. traders.
Safe & Trusted Broker
What ever you do don't use this company. I do not believe the entries on this site who state they got their money back. It just does not happen. I have been communicating with this company for weeks. I have given every verification that was asked for and they keep asking the most rediculas questions to stall the making of any payment. Put the companies name in your search engine followed by scam reviews and you will find complaint after complaint from people who have not received their money back. I don't expect to get mine but will try to warn others about this bunch of international thieves
This broker may work for some, for me it doesn't. After accepting a bonus, the remaining turnover requirement (trading volume) is not displayed on the platform, so you need to ask your account manager. In my case, for some unknown reason, the bonus requirement the system puts out doesn't match the Excel sheet I made for my trades AT ALL, much to my disadvantage. I have an idea that might explain the discrepancy, but NO ONE at Cherrytrade is willing to look into the matter. My account manager has been ignoring me ever since - I simply don't exist anymore! It's impossible to contact him. This borders on delinquency. The case is not closed, but it looks like I will end up having to continue trading until the (false) requirement is met.
My frist withdrawal
I just got my first withdrawal of €2130. I am very happy because I never made so much profit on the internet before. I plan to deposit a part of it again. @Steve: you have to verify your account first, and then you get your withdrawal. Also bonuses put a restriction on withdrawals so never accept a bonus.
Cherry Trade profits
I never did get my profits I did get my capital back so I suggest not trading from my experience you will never see your profits.
try to cash in
i join cherrytrade to check out the binary option, i am novice i spoke to Liz Austin and re assure me i will find help as soon as i gave my deposit to join, that she have numerous client, older citizen that never used a computer before, as soon i gave my money and was calling her for assistant, she were no were be found, the customer service sound like i was speaking with a hustler instead of some service. i decide to get a withdrawal from my account, and this is where the fun really begin. they require that you send a picture of your utilities bill, a copy of your driver license, they ask you to cover important information, also they need to credit card picture you used to pay for the transaction. the person in charge of this, does not have a phone, all contact is via email to speak with Margaret. Thank you for your email.
We need to see your full name on the credit card front side and your full name and your date of birth on your driver licence.
Cherry is good
I have signed up to most US brokers and Cherrytrade is the best so far. Minimum deposit is acceptable, support was always good and I like the payment methods.
Tested and its GOOD
Ok guys I've tested this broker for you. I signed up like 3-4 weeks ago and so far so good. This is the best us broker that I have ever tested, way better than 99binary.
There are not many binary options brokers available for us US citizens, however Cherrytrade is really a good broker. I have tested the other US brokers but this one is the best.
best us broker site by far.
promo is good
The 5 free trades is a great promo.