CherryTrade Review 2016

WARNING: This broker has been shut down due to numerous complaints and security issues. We strongly recommend trading with regulated and trusted brokers.

CherryTrade Review 2016

CherryTrade Review 2016

CherryTrade entered the binary options trading fray back in 2013 and immediately made a name for itself with its great service and especially its knowledgeable support team. Because of that, the company very quickly became one of the top brokers on the market and has maintained that status ever since. In this CherryTrade review, we will present what our team of trading experts found out during their time with this broker and show you what can be expected of this broker in the upcoming year. We will go through all the most important features this broker has got to offer, so sit back and give us just a couple of minutes of your time.

CherryTrade Review 2016 | Accounts and deposits

To start trading with this broker, you’ll need to open an account first and this is where we start our CherryTrade review. There are five different account types you can choose (Classic, Pro, Gold, VIP and Corporate) and all of them except the most basic one offer some kind of bonus once you make a deposit. Speaking of deposits, CherryTrade Minimum Deposit is 200 USD or EUR, which is actually a bit lower than the industry’s standard. This makes the broker fairly accessible, and the deposit can be made by several different methods. Naturally, you can deposit via bank wire transfers, but you can also use CashU or one of many credit cards available: Visa, Visa Electron, Diners, MasterCard, Maestro, Delta or Solo and Switch debit cards. Keep in mind that you will need to verify your account before you make a transaction, so prepare the necessary documents before you start (a photo ID, a proof of address and a copy of your credit card if you’re using it to deposit). But this is just the beginning of our CherryTrade review, so keep reading.

CherryTrade Review 2016 | Withdrawals and bonuses

Once you wish to withdraw your money, you will be able to do so via the same credit card you used to deposit money or by using a bank wire transfer. The minimum withdrawal requirement stands at 100 USD or EUR, depending on which currency you had previously chosen while depositing your money. Maximum withdrawal allowed is 20,000 USD with the wire transfers demanding a 30 USD fee. No such fee is applied to credit card withdrawals.

CherryTrade Withdrawal

CherryTrade Withdrawal

CherryTrade Bonus possibilities are also quite numerous with this broker, and you will be able to speak to your account manager about them. This way you will be able to customize your account to a great extent, including the bonuses you receive, with the welcome bonuses going as high as 70% and some risk-free trades are thrown in for good measure. Any bonus you receive will be available for withdrawal after you conduct trades 30 times larger in volume than the amount you receive. This is a very usual practice in the trading business, and the requirement is actually lower than the industry’s average. One other thing worth mentioning in this part of CherryTrade review is the fact that Refer-a-friend bonus is also available. Both you and your friend will be entitled to a 50 USD bonus if your friend opens an account and makes a deposit there. This way everybody wins – the broker gets a new client and expands its trading community and both you and your friend receive some extra trading funds.

CherryTrade Review 2016 | Trading platform

CherryTrade Trading Platform and its features are an absolute must in any decent CherryTrade review and this one is no exception. Great and clever design allows you to have all the necessary information on the same screen here, so you’ll never need to navigate away to check something. Everything is right there in front of you. You can choose between currencies, commodities, stocks and indices here, most of which are fairly well known, so acquiring information about them will not be a problem. What is particularly impressive, however, is the fact that you get to choose between as much as 7 trading modes. Pairs, Binary Options, 60 seconds, Long Term, Ladder, One Touch and iFollow are all at your disposal.

CherryTrade Long Term

CherryTrade Long Term

Of course, no CherryTrade review would be complete without mentioning the fact that the trading platform is based on SpotOption software because this is the best software provider in this business. This is a guarantee that you will have a great time trading here and that you can completely relax and focus on your trades. With SpotOption software, you get the best possible trading experience. It should be noted that you can also trade on the go with CherryTrade App which provides you with all the features of the regular platform, so you can manage your trades from your mobile devices, too. 

CherryTrade Review 2016 | Customer support

One other thing that absolutely needs to be mentioned in this CherryTrade review is the quality of this broker’s customer support. No matter how you choose to contact them, whether it’s by e-mail phone or live chat, you can always expect a quick and satisfying answer. The support team has, indeed, confirmed all good things we had heard about them and they did their absolute best to help us with all our requests. You can expect only top-level service here. What is particularly impressive is the fact that they can be contacted via phone in 18 different countries, so the chances are you are well covered in this respect. Customer support is certainly one of the best features this broker has to offer, so mentioning it seemed like the right way to wrap up this CherryTrade review. You are in very capable hands here, as witnessed by our CherryTrade Scam Test 2016

CherryTrade Review 2016 | Conclusion

In conclusion, we hope that this CherryTrade review has shown why this company is one of the very best binary options brokers you can find on the market. Great trading platform, fairly low minimum deposit and some interesting bonus deals will help you extract as much profit as possible from your investments. On top of all that, the support team is extremely capable, so you will always have somebody to talk to if you need help or advice. They always do their absolute best to help you, and we were very pleased with the way they answered our questions. In any case, if you’re looking for a binary options broker, open an account with CherryTrade right now – you will definitely not regret it.  



Author's overall rating:
Author: Ben Prescott

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