CherryTrade Review

One of the few, which supports US traders. And that’s not the only reason why we like them.

CherryTrade Trading Platform

Trading is enjoyable with this broker. The platform looks really nice, it’s fast and reliable. We didn’t experienced any errors or slow loads. We are not biggest fans of small trading system windows, but we have to say, CherryTrade is one of the fastest trading platforms. What we didn’t like is that, we didn’t found a way, how to see all open positions at one place without switching between types of trades.

CherryTrade Assets

CherryTrade provides basically every asset you can think of. Stock, commodity, currency, big stock names such as Facebook, Google, Microsoft and many more. If you are a trader, who doesn’t stick to one commodity or currency, you definitely should be satisfied with CherryTrade.

CherryTrade Trade Types

Long term, short term CALL/PUT, TOUCH/NOTOUCH, HIGH YIELD TOUCH. You can choose expiration dates from next 15 mins to end of day, end of week or end of month. In case of short term trades, you don’t have too much options. Only 60 seconds options is available. CherryTrade has one really exotic trade type and that is Ladder trading. So if you’re fan of it, you’ll be very satisfied with CherryTrade.

CherryTrade Banking

Minimal deposit starts at $200 and minimum trade is $5 on 60 seconds trade and $25 on regular. The finance department handles all withdrawal requests submitted. Once a withdrawal request is submitted, it can take them up to 2 business days to process the request. Once the request has been approved, the transfer can take an additional 5-7 days for the funds to show in your account.

Using your credit or debit card to make a deposit into your account is fast, easy and secure. CherryTrade currently supportsthe following Credit / Debit Cards: Visa, Delta, MasterCard, Diners, and Visa Electron

Please note that all Maestro online deposit are authenticated with MasterCard Secure Code. You will have to register with your bank for a 3D code, prior to or during the deposit process.

This deposit method is best for individuals that need to send money to their CherryTrade account directly from their bank account, therefore removing the need to work with any external payment services. Clients making large deposits often prefer to adopt this mode of deposit. Please note that wire transfers may attract a fee.

CherryTrade Returns

CherryTrade advertises up to 85%. On a regular business day without any major news, the majority of currencies are at 75%. Minor currency pairs are more around 80%. Stock companies are moving from 75% to 80%. If we are taking short term trading in consideration, you will have on most of the trades return somewhere from 70% – 81%.

CherryTrade Mobile

CherryTrade does not have mobile application yet. At least the website works pretty well on mobile devices as well, so the app is not absolute must. Another reason, why we appreciate the trading platform. We don’t understand the fact, why the website says: “Available for iOS” when that’s not true.

CherryTrade Education

CherryTrade education centre has really neat courses. Of you’re beginner, you will find awesome videos and interactive presentations about binary options. If you’re looking for more advanced strategies, you’ll find it here too.Really good.

Minimum deposit	$200
Minimum trade	$5
US friendly?	YES
Max returns	85%

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Overview

Trading platform
Asset portfolio
Trade portfolio
Mobile
Banking
Education
Overall feeling (ads, support, credibility, mail news etc.)

Summary

Cherry Trade is one of the last brokers which supports US traders. But this is not the only reason, why we give them this rating. We were absolutely satisfied with every single thing these guys are doing. The platform works, they have great education centre, the communication is perfect. The only sad thing is, that we are still missing a mobile app.

4.1

User Rating 5 (2 votes)

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