CherryTrade Review

CherryTrade Review

This page contains an executive summary and detailed review of the ‘CherryTrade Binary Options Trading Platform‘.

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CherryTrade Review

Due to its growing popularity, the binary options industry has rapidly become overcrowded and users have been confronted to the difficult decision of selecting the best broker among the multitude of options available. Known as a professional and trustworthy broker, Cherrytrade became a leader in the binary options industry. The young start-up offers competitive payouts, high quality services and unique features.

User Friendly

The CherryTrade platform is operated by SpotOption, a software known for its efficiency and reliability. The website was designed to appeal to most traders because of its simple and esthetic design. Traders can have access to its interactive and highly intuitive platform will allow CherryTrade’s users to enjoy the most popular trading tools for binary options

Assets, Expiry Times & Payouts

CherryTrade’s list of assets include currencies, commodities, stocks and indices. The company’s experts have specifically selected stocks with the best liquidity, which means a high level of stability and lower risks for investors. The wide selection of indices allows users to diversify their investments and trade in accordance with the fluctuations of the global market.

The site features traders’ all-time favorite: the “Call/Put” method, while also presenting more unique tools such as the iFollow which enables traders to follow the options of the broker’s top traders and have them automatically copied into their own account. This extraordinary feature gives traders with no experience the possibility to benefit from the knowledge and analytical skills of the site’s best users and to score similar gains. CherryTrade also offers features such as One Touch which works on the weekend when most markets are closed and offers payouts up to 550%, or the Ladder with payouts as high as 1500%.

Many expiry times are available, ranging from the short-term options for a quick fix of adrenaline with expiration ranging from 30 to 300 seconds or the long-term options with expiration up to a year.

Customer Service

For any online company, the relationships it maintains with its clients is dependent on the quality of its customer service. CherryTrade’s support representatives are committed to providing clients with an outstanding level of professionalism and efficiency. They are available through phone, email and live chat via the platform to offer their help whenever you may need it. Cherytrade values its customers’ experience above all and will invest all the efforts necessary to make sure you enjoy your time on its platform.

Deposits & Withdrawals

With CherryTrade, transactions are guaranteed to be swift and secure. The platform uses the SSL encryption to conduct all of its transactions and the broker guarantees to keep up-to-date with any technological development that make the platform and its methods of transaction safer.

Transactions can be conducted via wire transfers or credit card in USD or euro and the minimum amount for a deposit is 200 of the selected currency. If the method selected for a deposit is credit card, the maximum amount that can be credited to a user account is $20,000, whereas there are no limit for wire transfers. As for withdrawal, the minimum amount is 100 of the currency selected and the transaction requires a minimum of 5 business days.

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