CherryTrade.com Review

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Year Established: 2013

Platform: SpotOption 2.0

Min. Deposit: $200

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Accepts USRegulationPayout
accepts usNoneUp to 85%open account
    CherryTrade was founded in late 2013, although they are still considered one of the newer binary options brokers in the industry, they have a wide array of trading features.  They employ a group of financial experts that have years of experience in many different markets, their platform is  web-based and user-friendly, and they also have today’s number one ranked educational center.

Summary of our CherryTrade Review

Platform Overview
No. AssetsOver 100
Asset ClassesStocks, Currencies, Commodities, Indices
Trading FeaturesCall/Put, One Touch, 60 Second, Long Term Options, Pair Options, Ladder Options and iFollow
Software PlatformSpotOption 2.0
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Trader Information
Payout %85%
Minimum Deposit$200
US FriendlyNo
Demo AccountNo
BonusUp to 100%
CurrenciesUSD, EUR, GBP, AUD, CAD, SEK, RUB
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CherryTrade’s customer support staff is  quick on response time and also very knowledgeable, and can be contacted via e-mail, phone or by live chat.  CherryTrade has a very low $200 investment in a number of different currencies, and a user-friendly platform that makes trading easy and simple.  CherryTrade’s withdrawal time takes between 3-5 business days to complete the process. CherryTrade offers a lot of features that stand out on their platform some of those include: a large variety of assets in four different markets, traders can sell their trade early, or rollover to a different time and also double up if they choose, CherryTrade has recently added to their platform 180 seconds and 300 seconds expiration times and also IFollow which lets new traders follow and trade with more experienced traders live on the platform.  CherryTrade also offers an assortment of educational videos, including also an online trading e-book. To take a look at CherryTrade and explore their platform Click Here.

CherryTrade Details

Assets Available to Trade: Assortment of 51 Stocks, 19 Currency pairs, 9 Commodities and 19 Indices. Currencies Accepted for Deposit: USD, EUR, GBP, JPY, CAD, AUD, SEK, RUB Minimum Deposit Amount: $200 Minimum Trade Amount: $5 on 60 seconds, $25 on binary options, $50 on one touch Demo Account: Free Demo Account Accepts US Traders: No Deposit Methods: Visa, MasterCard, Maestro, Cashu, Moneybookers, Neteller and Wire Transfer Withdrawal Time Frame: From 3-5 business to process the request Support: CherryTrade has 24/6 Live Chat, phone support and Skype support available in English, and Arabic, with support in Russian as well. Trading platform is translated into English and coming soon also in Arabic Bonus Structure:  Deposit bonus varies. Check with Customer Support before depositing to confirm bonus offer.

CherryTrade Platform Trading and Features

Once you have registered an account with CherryTrade you will be able to see the “Trade Now” screen, this screen gives you 7 different options to choose from that include: Binary Options, Pairs, Long Term, 60 Seconds, One Touch, Ladder Options, and IFollow. Binary options are the most preferred way of trading on CherryTrade because of its simplicity which gives traders only 2 choices to trade from, Call if they believe that the trade will close above the strike price, or Put if they believe the trade with close below the strike price.  Binary Options has expiration times ranging from 5 minutes all the way to the end of the day.   Trading features: Pairs Trading Pairs two assets of the same market together, where traders need to predict which asset they believe with outperform the other. CherryPairs Long Term Trading Gives the trader the opportunity to place trades with expiration times that range from the end of the week all the way to the end of the year. Cherry Long Term 60 Seconds Very short expiration times of 30 seconds, 60 seconds, 120 seconds, and now also offering 180 seconds, and 300 seconds.  Great for people on the go or for people that don’t have a lot of time to trade. One Touch Traders can predict if a stock will reach a predetermined price in a certain amount of time.  The best feature of One Touch is that traders don’t need to wait until the trade closes to be in-the-money.  All the trade has to do is to touch the predetermined price one time throughout the life of the trade for you to be profitable.  With CherryTrade traders can earn up to 550% profit per trade with One Touch. Ladder Options Ladder Options presents the trader with 5 different market prices, above and below the current price of a particular asset; shown through the use of gradients on a graph, similar to that of a ladder. With CherryTrade traders can earn up to 1500% profit per trade with Ladder Options. CherryTrade Ladder Options IFollow Where customers can follow other real traders on the platform in auto trade mode.     Conclusion CherryTrade is has high level customer support and training. They also offer a large variety of trading assets with returns up to 85%. Our experiences with the broker in terms of service, banking and performance has been acceptable on all counts. We are comfortable adding CherryTrade as one of our approved brokers. To find out more about CherryTrade or to open an account  

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