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Cherry Trade

Cherry Trade

Cherry Trade

Quick Review

Name Cherry Trade
Founded 2013
Legal Entity Website Promotions LTD
Turnover 81%
Minimum deposit $200
Bonus up to 100%
Full Address Saint Vincent and the Grenadines, Kingstown, North River Road
Phone 44-2035192136
Regulation No
Site visit site
E-mail send mail
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Trader-focused and top-notch trading with CherryTrade
CherryTrade is one of the leading brokers with an extensive range of excellent features that make it attractive for binary options trading.

Cherry Trade boasts of a rapidly growing presence in the industry mainly because of its emphasis on placing traders’ needs forefront. In this CherryTrade review, we have outlined some of the broker’s key features, which make its presence in the industry outstanding.

Regulation

Even though we found out that Cherry Trade is not regulated by a notable authority like CySEC, we do not have any reason to consider the broker a scam. We searched various online forums and websites and failed to notice any significant negative feedback about the broker.

We only found positive reviews with several traders commending the broker for its excellent services. Therefore, we can affirm that CherryTrade enforces transparency in its dealings, and is not a scam broker. However, one major weakness we discovered during our CherryTrade review is that its regulation does not cover some parts of the world, and thus cannot accept clients or clients’ funds from those countries. Examples include the U.S., Belgium, Canada, United Kingdom, and Italy.

CherryTrade Trading Platform

The broker provides a robust 100% web-based trading platform to allow traders benefit from binary options trading without the need of having to install any software. The platform is user-friendly with a nicely-designed interface, ensuring fast and intuitive processes.

Cherry Trade trading platform

Cherry Trade also has a mobile trading platform, which you can download from either the Google Play Store or the Apple’s app store, and enjoy convenient trading on the go, without any access restrictions.

Worth mentioning, the platform has a comprehensive collection of resources and tools to make trading binary options fun, fulfilling, and profitable. For example, you’ll have access to real-time data delivered by Thomson Reuters to allow you make informed trade decisions.

If you are still not confident trading binary options on your own, you can use the innovative iFollow tool on the broker’s platform, and follow the trades of experienced traders. This way, you can make substantial profits without much sweat.

Assets and Payouts

CherryTrade provides a wonderful collection of more than 80 assets, which have been handpicked from the best indices, currencies, commodities, and stocks.

For every trade that expires “in-the-money”, CherryTrade offers 81% payouts. In addition, if you trade One Touch Options or Ladder options, you can earn lucrative payouts of as high as 550% and 1500% respectively.

In terms of expiries, the broker’s is among the best, ranging from short-term of 60 seconds to long-term of more than six months.

Cherry Trade Trading Assets

Interestingly, we noticed that CherryTrade allows traders to sell their options before expiry time elapse. With this exciting early expiration feature, you can greatly increase your profits when trading binary options.

Deposits and Withdrawals

When carrying out the CherryTrade broker review, we were keen to find out the level of competence on handling client’s deposits and withdrawals.

We noticed the broker does not leave anything to chances: it has invested in advanced security protocols to guarantee the safety of its trading environment, particularly on clients’ funds.

After opening an account and submitting the required identity verification documents, you’ll have a wide array of secure methods to make your deposit, from eWallets to major credit cards to wire transfer—the choice will be on your hands. The minimum deposit required is 200 currency units (AUD, CAD, GBP, EUR, or USD).

For withdrawals, CherryTrade processes them without much hindrances—you just need to submit a request and your funds will be sent through your primary payment method as fast as possible.

Based on the amount of your deposit, the broker offers different account types, as outlined below.

  • Classic: The minimum deposit required is 200 currency units, and it comes with a welcome bonus of 20%.
  • Pro: The minimum deposit required is 2500 currency units, and offers 35% welcome bonus.
  • Gold: You need to make a minimum deposit of 6,500 currency units to get this account. It has 70% welcome bonus.
  • VIP: The minimum deposit required is 50,000 currency units, and comes with 50% welcome bonus.
  • Corporate: The minimum deposit required is 100,000 currency units. The welcome bonus is 30%.

Customer Service

Customer service at CherryTrade is simply top-notch. The broker’s experienced customer service department can be reached via email, live chat, or phone from 6:00 — 21:00 GMT Sunday — Friday. To enable fast solving of issues, the broker also has international customer support phone numbers.

Chat

Since it’s committed to seeing traders’ excel, the broker has a learning center with huge collection of education materials in different languages. You’ll get e-books, signals, market analysis, and several other helpful resources to equip you with sufficient skills for successful trading.

Pros

  • Committed to traders’ needs
  • Reliable and trustworthy
  • Robust web-based trading platform
  • Mobile trading available
  • Huge payouts
  • Wide range of trading assets
  • Secure and convenient payment methods
  • Variety of account types
  • Excellent customer service
  • Comprehensive learning materials in different languages
  • High bonuses offered
  • Social trading available

Cons

  • No demo account
  • Traders from some countries not allowed, including the U.S. and U.K.
  • Relatively high minimum deposit requirement

Conclusion

Are you looking for a broker that strives to assist traders get the edge they need for trading binary options successfully? Are you looking for a broker that has invested in robust technologies to ensure traders enjoy transparent, secure, and reliable conditions? If you answered ‘yes’ to any of the above questions, then CherryTrade could best suit your needs, as illustrated in this review.

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Agent mike - 2019-03-26 01:33:09

Binary options fraud is being committed by companies that encourage investors to make apparently simple bet on whether shares, currencies or other financial instruments will rise or fall in value. Thousands of pensioner are at risk of losing their life savings in a rapidly growing financial scam that British authorities are powerless to clamp down on Savers are investing their money in fraudulent online trading site offering the promise of potentially huge payouts with little risk attached. Pensioner Eddie Dave, a former self-employed IT worker, said he invested a total of nearly £70, 000 in a binary trading platform called GlobalTrader365 . Mr Danny said he was initially approached online by the firm in February 2017. He said that he felt his pension income might be improved by accepting the investment opportunity he said they were offering him. Like Ms Ablett, Mr Danny said he was assigned someone who identified themselves as a “broker” to trade on his behalf and made a series of investments over the course of several month.In December, he said he filed a request with the platform to withdraw his money, the majority of which had stemmed from his pension fund. He claims that request was denied and – like Ms Ablett – he said his account later appeared to have been blocked.Because Mr Danny had paid for some of the investments with credit cards, he said he raised a chargeback dispute with his banks, but they have so far been unable to help him.It’s disgusting and I feel so foolish to have fallen for it, ” says Ms Ablett. “For now, all I can say is that if my story prevents at least one person from falling for this, it was definitely worth telling…. Meanwhile In the absence of serious action against binary options fraud by UK authorities, Ethical Revolution Hacker has helped a couple dozen alleged victims of the industry reclaim a total of more than $10 million. The company has grown rapidly since it was founded in early , in some cases by helping victims of its own employees.if you have been scammed by this fake broker i will advise you to contact for help cos its never too late recover your lost fund here is their CONTACT web address ethicalrevolutionhacker. strikingly. com


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Hack Ethics - 2019-01-24 19:49:35

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Nicholas Andrew - 2019-01-14 16:24:35

These brokers are terrible they took me for all I had, luckily for me I was introduced to this recovery website, they helped me recover all of my funds within 3 days, I am so happy to share this with all who have been scammed Binaryoptionrecoveryspecialist -.- com


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Ian James - 2019-01-13 19:48:10

avoid at all costs, scam, will keep asking for more investment then when you dont invest they email you saying you will loose whats in, 2 minutes later your money is gone. do not trust these scammers, regardless of what they tell you they will rob you, head office is eastern europe . you will loose your money guaranteed !!!!!! I had to use the services of a recovery expert taylorbrennan@consultant,com to get all my any back from them


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Kylie Ford - 2018-10-17 15:02:47

I was scammed several times by Binary Options and Fake Hackers. Thanks to my savior Hack Ethics (hackethics008@gmail.com) for helping me recover every penny I lost worth £750,000


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Jim deem - 2018-08-20 04:27:56

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Walker - 2018-08-15 17:58:37

I recently recovered my investments trading binary options with this scam broker. I hired a professional to this effect. I will like to share my experience because it is the right thing. Feel free to reach out beewalker003 at gmaiI dot com