CherryTrade Scam Test 2015

CherryTrade Scam Inspection Review

CherryTrade Scam Inspection

CherryTrade is a binary options broker which has been in this business since 2013. During that period the company has established a reputation for being user-friendly and reliable. Traders say that CherryTrade platform is fairly simple to use and that its strong side is the broker’s educational team of financial experts which is available to all clients.  In this CherryTrade scam test, we’ll try to find out how reliable this broker really is. We will also try to find if there are any indicators that CherryTrade is a scam broker.

CherryTrade Scam Test | Quality of Service

We’re going to start our CherryTrade scam test with their customer service which is available 24 hours a day, seven days a week with their service including video chat, e-mail and telephone. CherryTrade education team really is one of the best in the business because not only does it offer valuable information and tips, but it also offers expert financial help in any trading situation. We advise novice users to take full advantage of their tutorial videos and expert analysis.

CherryTrade platform is definitely one of the best platforms we have had the opportunity to use so far, as we have also emphasized in our extensive CherryTrade Review 2016. It is very simple, user-friendly and well designed. Everything important for a beginner is easy to notice and the best thing is that their platform is available on all devices: pcs, smartphones and tablets! It is web based, so you don’t have to download any software. Also, you can use Microsoft Windows or Linux, it makes no difference to CherryTrade. If you want to find out something about bonus possibilities and how deposit works, keep reading our CherryTrade scam test.

CherryTrade Scam Test | Deposit and Bonuses

CherryTrade has five different types of accounts for their new clients. They range from a $200 minimum deposit Basic account to a $10.000 VIP account. Professional is the most recommended account and it requires a $1.000 deposit. With the Professional account you can use CherryTrade’s educational center (one of the best in the binary options world). There are various deposit methods, with the process being fairly quick and completely safe and confidential. You can use various methods, like Visa and MasterCard credit cards, CashU, Netteler and bank wire transfers. It’s good to say that you can use the same methods for CherryTrade Withdrawal Process as well. This broker also uses top class SSL encryption method and the platform is powered by an award winning software developer – SpotOption.


We will continue our CherryTrade scam test with bonuses. Clients get up to 100% bonus upon registration. Bonuses are different depending on your deposit and they range from 25% to 100%. But you have to bear in mind that you can’t withdraw your bonus money immediately: first you need to make certain number of trades before you can withdraw your funds (this is standard procedure in binary options industry).

It is also very good to know that CherryTrade minimum trade is only 5$, which is one of the smallest minimum trade you will get. That helps a lot to those who are new in this business and don’t have a lot of experience with trading. If you deposit a minimum of $200, you can trade 40 times: you won’t take a big risk, and still you can earn some money and get used to the platform and other binary options rules. However, minimum trade is not the subject of our CherryTrade scam test. If you want to find out more about that, read our CherryTrade Minimum Trade analysis. Continue reading this CherryTrade scam test to learn something about trading possibilities CherryTrade offers to its clients.

CherryTrade Withdrawal

CherryTrade Withdrawal

CherryTrade Scam Test | Trading Options

CherryTrade offers several different options that include classic call/put binary options, pair, long term trades, 60 seconds, 180 seconds and 300 second options, one touch options. The broker offers over 100 assets in 4 different categories: commodities, indices, currency pairs and stocks. If you open up an account with CherryTrade, you will trade with stocks like Facebook, Amazon and Apple which means that you can earn some serious money. This also means that they are a reliable partner and you can read more about that in the next paragraph of CherryTrade scam test.

CherryTrade Scam Test | Trader Reviews

As is the case with all other binary options brokers, you can find quite a lot of anonymous user reviews and remarks about CherryTrade on forums and blogs. Reviews like that can be useful because you get sincere user experiences. There were several users that claimed that CherryTrade is a scam, 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, as you can read in our article about CherryTrade Complaints. 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 able to withdraw their bonus money, but you are able to withdraw bonus money as soon as you meet the broker’s terms and conditions. All substantial reviews were very positive.

CherryTrade Long Term

CherryTrade Long Term

CherryTrade Scam Test | Results

Our opinion of CherryTrade remains extremely positive after this in-depth analysis. We haven’t found any major flaws or factors that would indicate this is a scam broker. The experience of trading on this site is very satisfying, things go smoothly, you can deposit, trade and withdraw fast enough and the customer service is well educated and easy to communicate with. Novice and experienced users can both get what they need on CherryTrade, so as you can see from this CherryTrade scam test, this broker is not a scam and it has really high quality service. Try their trading account today!


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Author: Mark Watson
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