CherryTrade Review

cherry trade

CherryTrade Ratings

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Open a free account to CherryTrade now by clicking the button below, and you get the following benefits. This offer is valid only a limited time so act quickly!

  • 10 risk free trades. Use the promo code: RF-10 after you have opened an account, when you are making first deposit and you are able to trade totally risk free!
  • 25%-100% First deposit bonus. Depending on your deposit amount. This is “free money” you get on top of your deposit. Bigger deposit you make, more free money you will get.
  • Free weekly calls and improvement session. Develop your skills faster than you ever thought is possible.
  • Free personal account manager and access to a private Skype room. Great tools to improve you as a trader
  • Free alerts on breaking trades. You don’t have to worry that you would miss any great trading opportunities.

CherryTrade Review 2016

CherryTrade is a freshman on the binary options market. It was founded on 2014. When you first arrive to the site at the first time you see clear and communicative layout where traders can effortlessly find all the necessary information. CherryTrade also uses reliable SpotOption trading platform like many other binary option brokers.

CherryTrade in a Nutshell

  • Platform: SpotOption
  • Founded: 2014
  • Bonus: Up to 100%
  • Return range 65-85%
  • Maximum profit: 85%,
  • Minimun Deposit $200
  • Minimun investment: $5
  • Maximum investment: $1000
  • US Traders: Not Accepted
  • Demo Account: No
  • Regulated: No
  • Mobile Trading: Yes
  • Options: Standard, Range, Touch, 60 seconds
  • Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, and more
  • Deposit: Multiple Credit cards, e-payments (Skrill, MoneyBookers etc.), bank transfer, wire transfer

CherryTrade Youtube Video $23 500 in 3 days

CherryTrade Bonuses And Account Types

CherryTrade offers 5 different account types with an increasing deposit limits and bigger bonuses as you go up on account level. Account levels are Basic, Professional, Expert and VIP and then there is separate account for Corporations.

Bonuses:

Bonuses are tied to the initial deposit amount and start with 20% bonus on the basic level. As always, bigger the deposit is bigger the bonus is. The VIP account is achievable with a deposit exceeding $10 000 and this will give the 100% sign up bonus. To be able to take full advantage of the bonus you should deposit initially as much as possible if you are sure this is the broker of your choice.Bonuses must be invested 30 times the amount before withdrawal . This is a normal system on almost every broker site.

Account Types:

Basic:

CherryTrade minimum deposit is $200. So deposits ranging from $200 to $999 you get into the first account level which is basic. You get 25% first deposit bonus and on top of that all the benefits mentioned top of this page such as risk free trades and free alerts.

Professional:

Second account level is professional. You get all the benefits mentioned before and on top of that even better 50% first deposit bonus.You get to this level by depositing from $1 000 to $4 999.

Expert:

This level includes all the benefits from the previous level and 75% first deposit bonus, 50% deposit bonuses on subsequent deposits and 10% insurance on monthly losses, which means that if you lose for example $1 000, they will give you back $100 at the beginning of next month. You get to this level by depositing $5 000-$9 999.

VIP:

You get all the benefits from the previous level and also 100% first deposit bonus. You get to this level by depositing $10 000- $24 999. This means that if you make $10 000 deposit, you get instantly $20 000 into your trading account.

Corporate:

If you deposit $25 000 or more, you get a corporate account. This account level have own tailored benefits. To ask more about those, you should contact directly to your account manager.

Cherrytrade bonus

CherryTrade Account Types

CherryTrade IFollow Review

IFollow is a great new auto trader feature which is only available on CherryTrade platform. It allows traders to follow and copy the best and most experienced traders. It is especially good feature for novice traders. If you don’t know anything about binary options trading, this probably fastest way to learn and earn some money at the same time. You just need to choose the traders which are able to make most profitable trades, click the follow button, and all of their trades are automatically duplicated into your trading account.

Ifollow Tips ans Strategies

  • Follow traders with the best success rate. Success rate is single most important factor when you are choosing the trades you want to follow. If the success rate is high enough, you will automatically make a profit.
  • Second important factor is the number of followers a trader have. If a trader have many followers it is very likely that he is able to make constantly good trades. If someone has big number of followers it is also a good indicator that he knows something which is very valuable to other traders.
  • Trader win amount is not as important factor as you would first think. It is possible that a trader has won one big trade and lost many much smaller trades, then he has horrible win rate but a really good trader win amount. You can not copy the trading amounts, only the trades. If a trader you choose to follow changes trading amount for every trade, your results and his results could be very different.
  • Always start with small amount per trade and increase the stakes after you have seen that the trader is able to win constantly. You do not have any hurry to win money. Start at first carefully with smaller bets and raise the stakes only after you are sure that the trader you chose to follow is able to make a profit.
  • It is better to start following “Asset Traders” first and after a while when you are certain that the trades are profitable, you can change it to include “Cross-Asset Traders”. Again it is better to start with narrower alternative, and broaden the selection when you are certain that the trades are profitable.
CherryTrade IFollow

IFollow is CherryTrades own unique feature. It enables you to earn money by copying the best traders.

CharryTrade Binary Robot

With The Real Robot traders can get the maximum potential out of their trades. It is fully automated trading software and currently the best binary option robot available. The Real Robot is fully compatible with Cherrytrade and is completely free.
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Open Free Account Read Review

If you are interested in automated trading applications, you should also check these articles:

International Pages

CherryTrade Minimum Trade And Payouts

Depending on the option type the trades can be made at minimum of $5 of $25 per single trade and the maximum is $5000 typically. This should be enough even for wealthy investors who wants trade with huge amounts. CherryTrade payout policy is really fair. Typically their trades give 65 to 80% payout and the maximum return is 85%.

Most Important Features

Trading Platform

CherryTrade uses the Spotoption platform which is one the most trusted platforms on the market. Spotoption have clear market leader position its rivals Panda TS and others are rarely seen. This platform is without a doubt the most popular trading platform. It serves traders all around the world and has already proven its capabilities on the industry.

How to Trade

CherryTrade platform is easy to use  because its visually appealing frame. Even beginners finds all the functions without getting frustrated. For experienced traders, they are offering fast trading and fast profit possibilities with its optimized functions. Using 30 second or 60 second options trading is more intense and exciting than you ever imagined is possible

Different expiration’s vary from 30 seconds to the end of the day and for long term investments, from week and months to rest of the year. In the shorter maturity options, you may choose time frame between 30 to 300 seconds. With regular options the scale is from 15 minutes to the rest of the day and long terms from weeks to a year.

There are several option types which a trader can choose from: Regular binary options, pairs,  one touch etc… One touch options are different than any other form of options, mainly because they involve possibility to get enormous profits, even as high as 500%. With higher payouts, comes also bigger risks, so remember to be careful and only trade with funds you can afford to lose. Ladder options also offer very high payouts even between 300-450%.  Ladder options are a bit riskier than regular ones, but much lower risk than on touch options, so they are excellent alternative for traders who wish have to have huge payouts, but does not wanna take enormous risks.

One Touch options profits can be really high.

With one touch options, you can get really great profits.

What to trade

Cherry trades offer nearly 200 asset to choose from including: stocks, indices, currencies and commodities. With combinations of regular options, pairs, long term, extra short 60 seconds, one touch and ladder, there are plenty to choose from.

  • Stock of all the major companies such as IBM, Microsoft, Google and Ebay are in selection.
  • The index selection includes all of the world’s best-known indices such as NASDAQ, FTSE100 and NIKKEI225, and also as well as a few a little bit of more an unknown indices, such as SSE180 and TADAWUL.
  • Currency selection includes all of the most well known currency pairs such as EUR/USD, USD/JPY and USD/CAD.
  • From Commodities selection, you can find most traded commodities such as GOLD, SILVER, PLATINUM and SUGAR.

CherryTrade Minimum Deposit And Withdrawals

CherryTrade accepts all most commonly used credit cards such as Visa, MasterCard, Diners Club etc. Maestro and Solo are also accepted as well as wire transfer. Minimum deposit is $200.

Withdrawals can be made with credit cards and wire transfer. Typically it takes 2-3 banking days to be processed and total of 5-7 days to be shown on the account. Keep in mind that processing wire transfers costs $30. Minimum withdraw is $100. Proof of identity and residency must be verified before processing the withdrawals, as all brokers are instructed by the governments and law to do so.

Bankin options to deposit

Banking options

 

CherryTrade Mobile App

CherryTrade offers the same mobile platform as all the SpotOption brokers. The app is very handy and we recommend using it in situations where using normal platform is too difficult. It is a simple app even for beginners to use, almost all the same functions are found in the mobile version, which are included in the trading platform.

The can app be downloaded from Google Play or App Store. It requires a CherryTrade login information before it can be used.  Easiest way is to open an account is through our banners and links. After that you are ready to use mobile app, and you are able to trade on the go whenever you want.

cherry mobile

mobile trading platform

CherryTrade Demo Account

Unfortunately CherryTrade does not offer demo account to practice with at this moment. Hopefully they will change this soon.

Educational material

The educational material that CherryTrade provides is one of the most comprehensive  that you can find from the internet.They have their own site tutor who gives you good pieces of advice about how to use their site and all of its functions and where all the necessary features can be found.

They have 3 video libraries first one includes: Introduction to trading, Trading Psychology, Financial management and Market analysis. The second one takes more in depth look into the binary options and global trading with video tutorials of trading as an art form, chance and risk, emotions related to the trading and how to diversify the risk. The third video tutorial is for advanced traders, it includes many advanced trading strategies such as wining tactics, basics of technical analysis and advanced technical analysis. In addition CherryTrade gives handy interactive e-Book to maximize your trading success

Educational material is one of the largest in the industry at Cherrytrade

Educational material is one of the largest in the industry

Customer service

CherryTrade customer service helps traders via live chat, phone or email with several languages. They have phone support around the world with almost 20 languages. Their live chat replies fast and they can assist trader with any issues they might have. An email can be sent in cases that are not urgent. The account managers of each trader can be contacted also via skype if the trader wants to use that as their main communication channel.

CherryTrade Scam or Not?

CherryTrade is not a scam, it is on of the best binary options broker sites there is available. It has many excellent features such as IFollow, which i went through earlier and also impeccable reputation. I haven’t read any complaints about CherryTrade from anywhere. That alone tells a lot, since usually even the most trusted sites have some customers which are not happy with something.

Despite the short age, CherryTrade has shown that it could be one of the most innovative broker sites now and in the future. Excellent bonuses, really extensive education material and fast and knowledgeable customer support are great indicators that this broker site is here to stay and able challenge the biggest operators on the market.

CherryTrade as a Company and Conclusion

Cherry trade is a quite new company on the industry. Nevertheless it has gained trustworthy reputation in short period of time due to its transparent actions and good educational material. Everything works with them as expected from money transfers to customer service and the trading itself.

CherryTrade has shown commitment and effort to be the best broker in the binary options industry. They are offering wide variety of assets to trade with, variety of different option types, added Ifollow feature and wider educational material than almost any other broker. They have succeed really well in every aspect that can be measured without any real drawbacks.

But still, they are missing that little something to shine as the brightest light from the crowd and therefore we can not give them full five star rating. But this might change very soon, since CherryTrade has shown that they are able develop their features at extremely fast pace. We can still definitely recommend services of CherryTrade with full confidence for traders of any level.

Overall review we will give Cherrytrade 4,8 stars out of 5 as a binary options broker site. [yasr_overall_rating]

Open an account by clicking the button below and get familiar with CherryTrade!

Written by Michael Allen

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Michael Allen

Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.