Cherry Trade Review

Cherry Trade
Up to 10 Risk Free Trades or 200% Deposit Bonus


Last review update: 23rd May 2015 [warning] Important Notice to US Traders, CherryTrade is out of business Check our list of brokers accepting customers in USA. [/warning] CherryTrade is a binary options… more

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PlatformCherry Trade
HeadquartersBlue Sky Solutions LTD / Gibraltar ( UK )
Support Number917-775-0324 ( USA ) -
Support TypesPhone: 917-775-0324 ( USA ) - 44-2035192136 ( UK ) - 61-285992813 ( Australia ) , E-mail , Live Chat
Trading PlatformSpotOption 2
Minimum 1st Deposit$200
Minimum Account Size$200
Minimum Trade Amount$5 ( 60 seconds )
BonusUp to 10 Risk Free Trades or 200% Deposit Bonus
Max. Payout70-85%
Free Demo Account No
Deposit MethodsCredit Cards ( Mastercard, VISA ) , Wire Transfer
Number of Assets150
Types of AssetsCommodities , Stocks , Currencies , Indices
Trading CurrencyUSD , EURO
Account CurrencyUSD , EURO , CAD , GBP , AUD
US Traders No
Mobile Trading Yes
Tablet Trading Yes
Overall Score4.0


  • Up to 85% Payout in 30 seconds
  • Up to $200000 Bonus on first deposit
  • Great Customer Service
  • 100% Web based platform
  • Fast Withdrawals
  • Only $5 minimum trade


  • They don't accept clients from Canada, UK, Australia, New Zealand and USA
  • Not social trading

Full Review

Last review update: 23rd May 2015


Important Notice to US Traders,

CherryTrade is out of business

Check our list of brokers accepting customers in USA.


CherryTrade is a binary options broker and it is one of the leading brokers known in the industry, and very popular for traders based in UK, Europe, Canada, South Africa and Australia.

It has up to 85 percent payout with Call and Put, One Touch and 30 seconds trade. You can get the most generous payout within the industry. The digital or binary options have continued with the popularity and many ambitious traders see the binary options as the preferred choice.

 Trading Platform & Mobile

CherryTrade is based on the SpotOption 2 trading platform,  made up by experienced and professionals in the forex trading, derivates, risk management with international legislation and laws.The experience and the combined trumps are held for the most operators within the market. Their software is web browser based which means that there is no need to download the software and it makes trading any place you want. Mobile trading App are also available for iOS ( iPhone ) and Android.

The interface is user friendly since it is intuitive and faster. You can get the impactful training material that it is needed to speed up the learning process.The traders may even sell the option before it gets expired.

Cherry Trade Review- Broker preview

CherryTrade – Homepage ( USA- english )

CherryTrade - Trading platform

CherryTrade- Trading platform

Type of Accounts

You can choose 5 type of accounts depending on your investment 1) Basic ( Up to $1,000 ) 2) Professional (up to $5,000 ) 3) Expert (up to 10,000 ) 4) VIP ( up to 25,000 ) and 5) Corporate

Assets and Expiry time

CherryTrade include around 150 assets to trade ( indices, commodities, currencies and stocks ) . The trader can sell the options before they do expire. The early expiration may help to drive more profits by the use of the portfolio. You can get more profits from the handpicked assets.

Deposit & Withdrawal options

At Cherry Trade the privacy of the users is of the importance and it safeguards the banking and private details. The company has invested into the best security protocol that you can find online. There are also several methods for the withdrawal and deposits. You can strive in ensuring that each transaction is secure or convenient transfer.The account may be denominated by using USD, EUR, GBP, CAD and AUD. The deposit can be done through credit card, Maestro and wire transfer.

All Withdrawals are processed via wire transfer or credit card within 48 business hours.

Test Result: Our money was shown at our credit card statement in 3 days after our request.

Minimum Deposit & Bonus Plans

The minimum deposit is just USD $200 for the ” Classic Account “, ideal choice for beginners in the binary options trading.

Cherry Trade is giving away up to 200% Welcome Bonus  or Up to 10 Risk Free Trades in all first deposits for all visitors.



Cherry Trade is a broker with a payout up to 85 percent, similar ratio than others brokers in this industry.

Test Result : Our average payout with them was 82%.

Customer Service

Their customer support is excellent. It’s available through the email so you have to send the form where you have to give your name, email, phone and the department you want to reach. The customer care can also be contacted via live chat or telephone.

They provide a free personal account manager to all traders with a private skype room, weekly calls with no extra charge and free trading alerts.

Accept US Traders

CherryTrade  is not accepting customers based in United States currently.

IMPORTANT NOTICE: Cherry Trade will no longer accept US customers starting on 15th September. If you are based in USA, we recommend to check our Top 10 USA binary options brokers.

Cherry Trade Review- Summary: 96/100

The company strives to help the traders at each stage where they have to succeed. The company has invested into the latest technology and industry to ensure that the transaction is safe, secure and swift.

Their education center have excellent tools like ebooks and videos to learn the basics about binary options trading, and furthermore they provide a personal account manager to help you too.

Maybe the number of assets to trade could be fairly small for some advanced traders so that could be the only bad point.

User Reviews on CherryTrade

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Average rating:  
 9 reviews
by Gilroy S. on
Lovely broker
City,Country: Dublin, Ireland

Overall I'm really satisfied with CherryTrade.
Their platform is very user friendly , with a great customer service.
And the best of all, no withdrawal issues.

by Steve P. on
Trustworthy broker!
Pros: client support, payout, withdrawals
City,Country: Vancouver, Canada

I highly recommend to everyone. Great customer service. They are a very professional broker that really takes care of the client.
I've give 5 stars especially for my account manager, Michael .

by John D on
Great Platform, I love it!
Pros: Customer service, platform, bonuses
City,Country: San Diego, CA

I have only been with them for 2 months and have only got good things to say.
Excellent customer service. easy trading platform. Great bonuses.

by Bob Martin on
Stable Trading Platform
Pros: Stable trading platform, quick withdrawals, good customer service
Cons: Not regulated in US
City,Country: Houston, TX

Although They are not regulated within US ( actually no traditional binary broker is regulated in America ), I've been trading with them for 6 months with no withdrawal and tech issues. I'm a happy client.

by Raquel on
Good binary trading platform
Pros: Quick withdrawals, great service, easy to use platform
Cons: Issues with the android app
City,Country: Dallas, TX

This Broker have been a good binary platform for me. No important issues so far.
They provide a great service and a simple trading platform.
I would highly recommend you to trade with them!

by Michael Hunt on
Absolute love this site!
City,Country: Alabama

Absolute love this site! I am able to be online for an hour every night - when it's convenient for me, and in the last 3 months I have added about $300/week to my income. The online vids helped a lot, and the online customer service reps are awesome!

Thank you, CherryTrade!

by Nick on
Excellent broker
Pros: Great returns, quick withdrawals, superb support
Cons: Educational tools could be bette
City,Country: New Yorl city, NY

I've been trading using this platform for last 6 months, and they are a good one. Great returns most of the time ( with no ridiculous forex brokers fees like FXCM ), and the best thing they process quickly all withdrawals.
Their support is superb.
If you are new in the binary options trading, my tip is starting with a Basic Account and trade with a popular assets ( EUR-USD, gold,..) .

by Michael on
Fast Withdrawals
Pros: Big range of assets to trade, fast withdrawals
Cons: Mobile platform should be improved
City,Country: Seattle, WA

Nice bonuses. They provide fast withdrawals so that's great for me.

by Rick on
Good Broker
Pros: Support, withdrawal
City,Country: Boston, MA

I started to trade with them some weeks ago and no withdrawal issues so far. Their platform is easy to use and they offer a great support.


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