CherryTrade is in The Binary Options Industry since 2014.

Is CherryTrade Safe & Trusted Broker or is it a Scam?

Tested & Reviewed By 100% Full-Time Traders

Withdrawal Terms & FREE Demo Account – See Below!

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Website URLwww.CherryTrade.com
Headquarters1A, Arcade House Temple Fortune, London NW11 7TL
Support Number+917 775 0324
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$200
Minimum Trade Amount$5
Free Demo Account Open Demo
Account TypesBasic, Professional, Expert, VIP, Corporate
Deposit & Withdrawal MethodsCredt/Debit Cards, Bank Wire
Number of Assets100+
Account CurrencyAUD, CAD, GBP, EUR, USD
Overall Score8.6/10

Full Review

CherryTrade is a broker that has become very popular in binary options trading. It was founded in 2014 by a London based company called Redtulips Consultants LTD. This broker has managed to establish itself as one of the most trusted brands in the industry with an exceptional customer support desk, user- friendly website among others.

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The website has a simple outlook that is easy to navigate. It includes a learning section that offers extensive knowledge about the basics of binary options trading. A trader is able to understand the advantages and tactics of optimizing their earnings. CherryTrade has over 100 trading assets that are divided into 4 categories: currency pairs, market stocks, indices and commodities. This means that a trader has increased chances of making high profits due to the variety of trading options available.

Unlike other binary options brokers, this broker provides users with six trading options therefore enabling it to accommodate a wide base of traders. One of the featured options is the call and put binary option that allows the user to place on an increasing trade or a put on the trade that is predicted to fall. Others include pairs option, long term option with up to twelve months expiration period, one touch binary option with over 500% profits, ladder options with up to 1500% earnings, 60 seconds , 180 seconds and 300 seconds best suited for short term traders.


This broker has a web-based platform that works efficiently on all types of devices such as personal computers, smartphones and tablets. This ensures that the user can access his or her account from anywhere including work, home or school. The CherryTrade app is compatible with both android and iOS. The broker offers several packages for new traders who lack experience in using binary trading platforms.

CherryTrade Withdrawal & Minimum Deposit

cherrytrade paymentDepositing with CherryTrade is fast and simple while using the secure SSL encryption, which ensures a safe transaction. Traders do not have to worry about losing their money because one of the major priorities of CherryTrade is to perfect their customers’ funds. Traders from all over the world can easily deposit because the system accepts different currencies such as USD, CAD, EUR, GBP and AUD.

A trader can deposit and withdraw earnings using several payment methods like debit and credit cards, skrill and wire transfer. The system allows a minimum deposit of only $200 that offers high returns on the initial investment. This broker offers traders an opportunity of earning a sustainable income without much effort. Once you deposit money into your trading account, then you will be requested to submit a scanned copy of your identification documents with a utility bill containing your address. The withdrawal process is standardized for security purposes and can take up to three working days for the request to be reviewed then an additional 5 business days to be processed.

CherryTrade Demo Account

The demo account is very easy to access because a trader is not required to make an initial investment to use the demo. This is a unique offer since most trading brokers usually allow traders to demo trade after depositing funds in to their account. A trader first opens an account then enters a promo code offered by the broker then he or she can access the demo account. This account helps users to understand how the software functions and the available options that one can use to earn more funds. It is definitely a good way to test the system and see if it is a good option for you.

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CherryTrade Bonuses & Promotions

CherryTrade offers several types of bonuses to all their users. A trader gets an initial deposit bonus of up to 100% depending on the initial investment. The ‘refer a friend’ bonus is offered to users who refer the broker to others by sending them a link inviting them to the website. If your friend decides to sign up and deposit using your link then you immediately receive $50 in your trading account. The bonus withdrawal requirements state that the trader has to earn a trading amount that is 30 times the initial investment and bonus amount to prevent fraud.

Is CherryTrade a Scam?

This broker has positive reviews on most websites and forums because many traders using this service have made very high profits. Users who try out this binary options platform have had great experiences with their ideal features that include an educational center, free demo account, regulated transactions and large bonuses. There exist very few complaints, which might not be from legit users but probably from competitors. The system is safe to use offering traders a high chance of making profits through binary options trading.

Bottom Line

editors choiceThere are a lot of binary options brokers available for the traders online, however there are not many that come as highly recommended as CherryTrade.

CherryTrade provides the traders with a wide range of trading options and they have quickly achieved one of the most solid reputations on the market.

As one of our TOP rated and approved brokers CherryTrade will meet your highest expectations and you will be able to discover the benefits as you sign up with them.

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