CherryTrade Review

4 stars based on 34 reviews

CherryTrade has been offering their binary options platform to traders since Since that time, they have become extremely popular among traders. The provided platform is the SpotOption 2.

CT does not accept traders who reside in the United States. Offering above average return rates and many attractive extras, this is a brokerage worth taking a closer look at. The provided platform includes a massive number of potential trade configurations, yet is straightforward in its overall layout.

Among the useful elements of this platform is the provided live price chartwhich delivers the potential to view previous price action for up to the past week. The platform can be viewed at any time on the broker homepage. Your capital is at risk. The provided instruments include: Also offered is a wide range of expiry times which range from a mere 30 seconds up to a full 24 hours.

Small refund percentages are offered on select losing trades. At last check, Cherry Trade was offering a total of 60 underlying assets. All assets are listed on the broker websitewith each offering a description, along with the particular hours for trading the underlying asset.

A comprehensive list of expiration rates is also offered. This list can help with strategies, comparing results for binary options signals, and more. Optional trade features such as Rollover and Double Up are provided and available with select standard trades.

Several educational resources are offered, and these can be particularly beneficial to new traders. Video training courses help with education, and these do include advanced courses. An eBook and glossary provide the basics of binary options trading. Current financial reports and cherrytrade binary options all the options with cherrytrade are offered, but there are no advanced technical charts.

Customer support is available 6-days each week Saturday excluded via live chat, telephone, and email. Financial extras such as bonuses and one-time credits are provided under certain circumstances. Unlike some brokers, CT offers these to not only new clients, but existing clients as well. All cash bonuses are linked to a 30x trade volume requirement which must be completed prior to withdrawal. Every account provides some perks, possible including individual training consultations, risk-free investments, trade insurance, trading signalstechnical analysis training, and more.

The Basic account can be opened with a deposit of either Euro or US dollars. The minimum withdrawal amount is set at Euros or Dollar. Payment processing time averages days total.

The primary concern that stands out with this broker is the lack of regulation. However, they are located in Gibraltar, a location which is yet to establish any regulatory authority.

As far as reputation related to withdrawals goes, this broker is considered to be extremely reliable. For this reason, there seems to be little cause for any real concern on the part of traders.

A lot of brokers offer cherrytrade binary options all the options with cherrytrade of the same things to their customers. If you have any questions, this will be like a FAQ section for this site. This Review is filled with answers, we just hope we covered everything you want to know. Currently they provide access to the platform through Android and iPhone. We do recommend the fastest connection possible. A solid WIFI would be best. This will allow you to reach their servers at a faster rate.

If you do run into latencyyou may not want to use the App. This will be based on your experience. Their fast data feed will allow you access to numerous stocks and plenty of Forex pairs.

You can click over to the main site too read more about these offerings. Over the long run of trading, you want to make sure you have plenty of money to use at first.

The risk is not only with losing your money making bad tradesbut you also have to worry about the broker just taking your money. Most sites these days are regulated, but for the ones that are not, we pick the sites we trust most. We feel that Cherry Trade is not a scam. You can deposit your money just like you would with 24option or any other big place. Cherry cherrytrade binary options all the options with cherrytrade multiple account levels.

These are all based on your account size. The more you deposit the more you get in a bonus. Obviously the more money you put in the more extra you get to cherrytrade binary options all the options with cherrytrade with. However, if you contact them after creating a funded accountthey may give you several risk free trades.

This is like having a bonus. This will let you take trades without potentially losing any money. Like many brokers this will depend on your location and method of withdrawal.

Processing takes time, which is just part of this industry. Assuming you are patient this will not be a problem for you. The provided return rates, instruments, expiration times, and assets are excellent, while the deposit and withdrawal requirements are quite reasonable.

Customer service is closed one day each week, but this is not a major drawback since most markets are closed on the weekend. CherryTrade is definitely one of the more attractive sites in business today for all traders. Your Capital is at Risk. Short Term or Long Term. Cherry Trade Legit Review Written by: Cherry Trade Legit Review CherryTrade has been offering their binary options platform to traders since The financial services provided by this website carries a high level of risk cherrytrade binary options all the options with cherrytrade can result in the loss of all your funds.

You should never invest money that you cannot afford to lose.

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Cherry Trade have ceased trading. The firm is no longer accepting new accounts. Return to the broker comparison table to search for an alternative broker. CherryTrade are a relatively new broker, but they are building a strong reputation very quickly. Their offices are located in London, but the firm have quickly established themselves across the globe. Running on the SpotOption platform, they have become popular with traders in a short space of time.

This backs up their aim to provide a simple introduction to trading, where experience of the stock market is not a prerequisite for success. The trading platform is clear and intuitive, as should be expected where a firm puts such emphasis on making trading accessible for all. The clear design ensures all the relevant information for a trade is on display, and traders can make choices quickly and easily with all the information they need. Traders can have more than one trading window open, but each window offers the same display options.

On the top left is the asset lists — these are a series of simple drop lists, enabling the trader to select the appropriate asset.

Next comes the expiry time, again, this can be amended via the drop down menu. The last row along the top of the trading window in the amount being traded. Completing this field will update the potential payout figure that appears just above the payout percentage.

That percentage is clearly displayed so traders know exactly how much any payout will be. To the left, in the main section of the trading area is the price graph.

This displays the recent price movement for the asset selected. This information can be changed by amending the time periods covered. This is of benefit when traders want to see a trend over the slightly longer term. Between the price graph and the payout is the current price — plus the all important trading buttons. Here traders can select their call or put options. The whole trading area is fiendishly simple and new traders will be up and running almost immediately. The assets lists at CherryTrade are good, though some brokers may offer more currency pairs and commodities.

That said, all the well traded assets are there and as a relatively new broker, CherryTrade will add to their offering as they go. CherryTrade make their trading platform available on mobile for both iOS and Android version 2. The mobile app presents a trading area which is equally easy to use as the full website. Historical trading information is presented on the mobile application too, with open positions listed and then a similar page listing expired positions.

All the relevant details of those trades is displayed. Account details are also accessible from the mobile app including deposit and withdrawal requests. An account balance can be displayed at anytime, in any screen, enabling traders to stay up to date where ever they are. The app is a great addition for CherryTrade and has been well received by traders looking for a mobile solution. Payouts are at the higher end of the spectrum relative to rivals, and the more exotic trade types can provide even higher payouts.

CherryTrade offer a wide range of deposit and withdrawal options. This also however, smooths the withdrawal process. Withdrawals require the same proof of identity steps before being actioned.

This can be a bone of contention with some traders who view it as an unnecessary delay — but it is a legal money laundering requirement, and actually protects the consumer.

Withdrawals can only be made back to the same card that made the deposit. Also, withdrawals cannot exceed the total deposits made with that card — the remainder will need to be transferred via wire transfer. This effectively means any profit from trading will need to be withdrawn direct to a bank. Withdrawals can be cancelled by the trader if the funds are required in the account. As long as the withdrawal has not been processed, cancellations can be made directly with CherryTrade, either by email or telephone.

Here are some details about that, and other features;. CherryTrade offer a great option for novice traders, hence the rapid growth they have enjoyed. They also, however, cater for more experienced traders by delivering a good asset list and large variety of trade types.