Cherry Trade Review

MIN. DEPOSIT $200
Up to 1,500% PAYOUTS
Up to 70% BONUS
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Cherry Trade
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Overview

Broker Information CherryTrade was established by a team of experts in risk management, derivatives, Forex, and international law in 2013. Since then, it has turned itself into one of the… more

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Details

BrokerCherry Trade
Website URLhttp://www.cherrytrade.com/
Founded2013
HeadquartersThe Financial Services Centre, Stoney Ground, Kingstown, Saint Vincent & the Grenadines
Support Number+44-2035192136
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Arabic
Minimum 1st Deposit$200
Maximum Trade Amount$5,000
BonusUp to 70%
PayoutUp to 1,500%
Free Demo Account No
Deposit MethodsMaestro, Visa Electron, Visa, Delta, Diners Club, MasterCard, Maestro (Switch), Solo, Wire Transfer
Withdrawal MethodsMaestro, Visa Electron, Visa, Delta, Diners Club, MasterCard, Maestro (Switch), Solo, Wire Transfer
Expiry TimesFrom 30 minutes to 7 days.
Types of AssetsCurrencies, Stocks, Commodities, Indices
Account CurrencyEUR, USD, GBP, AUD, CAD
US Traders Allowed Yes
Islamic Account: No
Mobile Trading Yes
Tablet Trading Yes

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Broker Information

CherryTrade was established by a team of experts in risk management, derivatives, Forex, and international law in 2013. Since then, it has turned itself into one of the chief binary brokerages worldwide. As binary options continue to gain considerable ground in the online world, CherryTrade continues to be the go-to place and preferred investment vehicle for global traders.

It is also one of the few brokers that accepts U.S. based traders. It is not supervised by any regulator and it is located in Gibraltar, U.K. Payouts can reach up to 81%. The website of CherryTrade is provided in English and Arabic only and is outstandingly easy to use.

Accounts

Five different trading accounts are available at CherryTrade. The Classic account needs a minimum deposit of $200. The Pro account’s minimum amount to start trading is $2,500, while for the Gold account that sum is minimum $6,500. VIP account holders can initiate their trades after they deposit at least $50,000. Corporate accounts are available only after the trader has deposited at least $100,000. A demo account is also available for initial trade practice.

Deposit and Withdrawal Options

Putting the utmost importance on security is one of CherryTrade’s leading principles. It is totally devoted to safeguarding personal details and the enterprise has invested significantly in acquiring the highest grade security protocols that are accessible on the internet.

Armed with them, the company may offer its avid investors a wide array of deposit and withdrawal options which comprise of Maestro, VISA Electron, Delta, VISA, Diners Club, MasterCard, Maestro (Switch), Solo, and Wire Transfer. Australian dollars, Euros, British pounds, Canadian dollars and U.S. dollars are CherryTrade’s supported currencies.

Attention: CherryTrade’s customers would be requested to submit several identity proofs before proceeding to making deposits and withdrawals.

The minimum sum for withdrawals is set to  $100 while the maximum amount is capped at $20,000. Contact the company by phone or via e-mail should you desire to call off a withdrawal.

Features

Many brokers nowadays only provide 60-second to 1-hour max options. CherryTrade, however, offers long-term options which are extremely useful and valuable for traders. These long-term options are available for purchase with dates of expiration that are between 24 hours and one full year. iFollow is one of the latest features on the broker’s platform and enables investors to follow the best trade performers. CherryTrade’s customers can trade commodities, currencies, stocks, and indices.

Education

Several education instruments are accessible on CherryTrade’s website. Newly registered users are bestowed with a helpful eBook and a glossary of trade concepts. Next to educational videos, there are also a video training and live webinars where users are encouraged to take part. CherryTrade’s enthusiastic customers derive great benefit from Thomson-Reuters real-time data streams as well.

Daily and weekly analysis are also at traders’ disposal to keep them updated about the latest news and trends. However, the FAQ section and the glossary are a bit limited.

Customer Support

Customer service is reachable from Sunday to Friday between 6:00 am and 9:00 pm GMT. Next to the standard email, phone and chat assistance options, CherryTrade can also be found in social media channels including Twitter, Linkedin, Google+, and Facebook.

Bonuses/Promotions

The welcome bonuses for the Classic, Pro, Gold, VIP, and Corporate accounts are 20%, 35%, 70%, 50%, and 30% respectively. While the Classic account is entitled a Junior Broker, the Pro and Gold accounts receive an Executive Broker, and the VIP and Corporate an Executive Broker and an Analyst. The Gold, VIP, and Corporate accounts also get 3, 5, and 10 risk-free trades. Every account is eligible for a different education level. Save for the Classic account, all others derive benefit from trading signals which, for the VIP and Corporate accounts, are personalized.

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