CherryTrade Scam Test 2015

Last update: October 12th 2015

CherryTrade Scam Inspection Review

CherryTrade Scam Inspection

CherryTrade is a binary option broker that has been in business since 2013. In that period this broker has established a reputation for being user-oriented and reliable. Users say that CherryTrade platform is fairly simple to use. The strong side of CherryTrade is their educational team of financial experts which is at service for all their customers.  In this article we’ll try to inspect how reliable this broker really is. We will also try to find if there are any indicators that CherryTrade scam insinuations are correct, so stay with us!

CherryTrade scam inspection | Quality of service

CherryTrade costumer service is available 24/7 for seven days of the week. Their service includes being available on video chat, e-mail and telephone.  We experienced platform on our own and we can say that their service staff is really fast and competent, as already stated in our CherryTrade Review 2016. CherryTrade education team really is one of the best in the business because it offers not only valuable information and tips but also offers expert financial knowledge. We advise novice users to take full advantage of their tutorial videos and expert analysis which are very extensive and can provide a valuable insight into the world of binary options. Even more experienced brokers will probably be able to find some useful advice which will help them to make more profits in their future trades.

CherryTrade scam inspection | Deposit and bonuses

CherryTrade has five different types of accounts for their new costumers. They range from $200 minimum deposit Basic account to $10.000 VIP account. Most recommended account is Professional which requires $1.000 deposit. Costumers get up to 100% bonus upon registration. Bonuses are different depending on your deposit and they range from 25 to 100%. More about first deposit bonus and refer-a-friend bonus you can find out in our CherryTrade Bonus article. There are various deposit ways and process is fairly quick and completely safe and confidential. You can use credit and debit cards, e-wallets such as Cashu, Neteller and Moneybookers or you can simply choose a wire transfer. Each transaction is extremely secure because the broker uses top class SSL encryption method and the platform is brought to you by an award winning software developer SpotOption, so there is absolutely no need to worry – your money is in extremely capable hands.

CherryTrade Trading Platform

CherryTrade Trading Platform

CherryTrade scam inspection | Trading platform

Manipulating trading platforms directly is not unheard of in the world of binary options trading. These types of scams are done by providing the traders with false data from the markets, so that they don’t have the adequate information when they are investing their funds. Fortunately, we can confirm that this is absolutely not the case with CherryTrade. CherryTrade Trading Platform is completely free of any threats because it uses the latest technology to secure communication between the website and the client’s computer. The technology in question is, as we have already mentioned, a 128 bit SSL encryption, widely considered to be the best in the market at the moment. Another thing worth mentioning is that the platform itself is powered by the latest SpotOption software, again the best on market.


CherryTrade scam inspection | Withdrawal

Just as all other aspects of this broker’s offer, the CherryTrade Withdrawal Process is also extremely safe and reliable. With a minimum withdrawal amount of $100 and no additional fees for your first withdrawal of the month, CherryTrade offers everything you would expect from a top quality broker and a little bit more. It usually takes 48 hours to process your request, which is a bit faster than the competition and money you have requested will be available to you within a maximum of 10 days. There are some fees included if you decide to withdraw your money several times per month, but these can be excluded if you decide to open a VIP account with CherryTrade. Even if you are not a VIP trader, you can count on a superb service because CherryTrade does not make any differences between the accounts when it comes to withdrawing money. When it comes to security in a technological sense, you can count on the best possible protection just like in any other aspect of trading with this broker. They only use the best and the latest technology to keep the clients satisfied.

CherryTrade Withdrawal

CherryTrade Withdrawal

CherryTrade scam inspection | Customer reviews

Like for any other binary options broker you can find quite a lot of anonymous user reviews and remarks about CherryTrade on Internet forums and blogs. Reviews like that can be useful because you get sincere user experiences. There were several users that claimed that CherryTrade scam behaviour exists. But when we looked deeper into their complaints we found that their dissatisfaction was generated mainly from their wrong trading decisions. Inexperienced users tend to trade recklessly and they get frustrated when they lose their money. To avoid those kinds of mistakes it is useful to take full advantage of expert tips that you get from your broker. Some users were complaining about not being to withdraw their bonus money but you are able to withdraw bonus money as soon as you meet broker terms and conditions. All the substantial reviews were mainly positive.

CherryTrade scam inspection | Results

Our opinion of CherryTrade remains mainly positive after this in-depth analysis. We haven’t found any major flaws or factors that would indicate CherryTrade scam complaints exist and most of other online traders seem to agree with us. The experience of trading on this site is satisfying because things go smoothly, you can deposit, trade and withdraw fast enough with the customer service being well educated and easy to communicate with. Novice and experienced users can both get what they need on CherryTrade. As you can see from this review, CherryTrade scam rumours are false and they have really high quality service. Try their free trading account today.


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Author: Ben Prescott
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