Cherry Trade ReviewVisit Website
- Multiple base account currency options
- Not Regulated
- No demo accounts
- No longer accepts USA traders
CherryTrade Deposit & Withdrawal Methods
CherryTrade Broker Information
- Founded: 2014
- Company: Redtulips Consultants Ltd
- Incorporated: UK
- License: None
- Platform: Spot Option
- Minimum Deposit: $200
- Minimum Withdrawal: $100
- Returns: 85%
- Minimum Trade: $5
- Demo Credits: $0
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 2 min, 5 min, 15 min, 30 min, 45 min 1 hour, End Of Day
- iPhone, iPad, Android
CherryTrade uses the latest version of SpotOption’s trading platform, featuring a user-friendly interface that users will find quick and intuitive. Once on the platform, traders can access a large variety of over 60 tradable assets including commodities, stocks, currencies and indices. Option types include Binary Options, One Touch, 60 Seconds, Long Term, Pairs and Ladder and from a risk management perspective, traders have access to Roll Over, Double Up, Sell Early and Option Builder features.
CherryTrade provides its clients with the best educational tools possible to ensure the highest level of success when trading on its platform including a binary options eBook, video courses and tutorials. Its educational centre is ideal for every level of trader, giving them everything they need to make profitable trades.
Backed by an effective customer support team which is available from 6am – 9pm GMT Sunday through Friday, traders are able to contact CherryTrade via email, phone and live chat when assistance is required. Its team of professionals is very knowledgeable and can help clients with any questions they may have regarding their trading activities.
Opening an account with CherryTrade is easy and can be done very quickly. A trader simply needs to click on the “Open an Account” link on the website, complete the details and submit the information. Traders then have 5 types of accounts that they can choose from depending on their level of investment.
Overall, CherryTrade is an excellent binary options broker. With a great platform and high payouts of up to 85%, it has become a favourite with U.S. traders. We believe CherryTrade will become even more popular in the future as more and more traders discover its impressive range of services.
CherryTrade launched in early 2014 and is owned by Redtulips Consultants Ltd, London, U.K. The company was founded by a group of experts in forex, derivatives, risk management and international law and has embarked on a mission to serve its clients with quick execution, high quality customer service and top-of-the-range educational materials. CherryTrade is not presently regulated by CySEC and can, for this reason, accept traders from the U.S.
CherryTrade Bonus Terms & Conditions
CherryTrade offers a range of attractive bonuses to both new and regular customers which are part of the company’s promotional program. All bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change. Cash promotions are linked to a 30x trade volume requirement and all bonus requirements must be completely fulfilled as stipulated prior to making a withdrawal.
CherryTrade Withdrawal Terms & Conditions
To withdraw funds from CherryTrade, traders must provide documentation including photo ID, proof of residence and a copy of the credit card, if used. Funds can be withdrawn from a trader’s account either by credit card if the initial deposit came from that same card or via bank-wire transfer. The minimum withdrawal is $100.
There are no fees attached to credit card withdrawals, however, all withdrawals via bank transfer incur a processing fee of $30. With each withdrawal request, CherryTrade usually processes the transaction within 3 business days and an additional 5-7 business days is required before funds appear in a trader’s account.
CherryTrade Demo Account
Demo accounts are not being offered at this time.
CherryTrade Scam Watch
CherryTrade is considered to be very reliable broker and is very popular with traders from the U.S. However, it is not currently regulated by CySEC and while it is generally considered to be reputable and not associated with any bonus or promotional scams, we still advise traders to proceed with caution when trading with any unlicenced broker.
CherryTrade Mobile App Review
CherryTrade has made trading on the go as simple as possible with its new iOS and Android mobile apps that allow traders to trade whenever and wherever they are, from their mobile devices. CherryTrade’s mobile app allows traders to take advantage of every trading opportunity. With all the popular features including real-time trading, fast deposits and withdrawals, access to over 60 tradable assets and great customer support, traders can execute their trades in confidence with the industry’s most reliable binary options trading platform.