Overview

Is CherryTrade a Binary Options Scam or Not?
Read 100% Detailed & Honest CherryTrade Review
CherryTrade – Regulated or Not – Find Out Below!

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Details

BrokerCherryTrade
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
Bonus100%
Payout88%
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 Score9.4/10

Full Review

IMPORTANT UPDATE:

CherryTrade is OUT of business! This broker no longer accepts traders from any region.

That’s why we recommend you to check out Full List of Recommended Broker with Proven & Transparent Reputation.


CherryTrade is a well-known binary option broker in the industry. The trading platform used by them is the immensely popular and easy to use SpotOption platform through which trading can directly be done on the web without the need of downloading any software. A special feature of CherryTrade is that they have added a new trading feature i.e. iFollow social trading feature which allows a trader to follow the trading pattern of other traders and even replicate or auto trade by using these. Keep reading our CherryTrade Review to know more about them.

CherryTrade Review

You can trade with amounts as small as $5 by using the 60 second option. You can generate profits ranging up to 85%.When you open an account with them, they offer up to $20,000 bonus; but during our Cherry Trade review it came to our attention that these bonuses come with certain stipulations, so be cautious when choosing the bonus.

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CherryTrade strategy

The various types of strategies offered by Cherry Trade are:

High/Low or Call/Put Strategy

This is the classic and easiest form of trading where you choose an asset and on the basis of your analysis of the asset being bullish or bearish you buy a call or sell a put.

Pair Strategy

When using this strategy a trader needs to choose a pair of assets and decide which of the two will perform better than the other. The payouts can range between 65-70%.

Long Term Strategy

The long term strategy requires a trader to choose a forex pair and trade with the possibility of it going up or down. The payouts can be between a good 70-80%.

60 Second Strategy

With the 60 second strategy you can get instant results with good payouts in a small amount of time, so you will not be required to sit for the whole day for making profits.

One Touch Strategy

Here the trader chooses an asset and trades on the possibility of reaching a pre-determined value. The potential payouts can range from 200 to 400%.


Ladder Strategy

This strategy is used to trade on the price of forex pairs after certain fixed periods of time thereby creating a somewhat ladder like formation.

iFollow Strategy

This is another unique feature of the CherryTrade strategy which allows a trader to use their open online platform to follow and replicate trades by other traders so even the beginners can make profits and gain knowledge by following other experienced traders.

CherryTrade Pros

  • Good_choice_stamp_t10StrategyThey offer a great source of knowledge and information with access to their trading academy.
  • They offer great customer support with a totally committed mind-set to help a trader perform better & get more profits.
  • CherryTrade review tells us that they offer free analysis for markets to traders for better performance and higher profits.
  • They offer low minimum amounts for trading which can be as low as $5 for 60 seconds strategy.
  • Enjoy the benefits of real time trading and ensure an increased amount of profits.
  • Their trading platform Spot Option is a popular software which is being used for a long time now thereby increasing the reliability.

CherryTrade Cons

  • We noticed that the website lacks complete information and at some places there is contradicting information on the web site.
  • They do not offer a demo account.

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