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4 stars based on 33 reviews

Cherry Trade have ceased trading. The firm is no longer accepting new accounts. Return to the broker comparison table to search for an alternative broker.

CherryTrade are a relatively new broker, but they are building a strong reputation very quickly. Their offices are located in London, but the firm have quickly established themselves across the globe. Running on the SpotOption platform, they have become popular with traders in a short space of time. This backs up their aim to provide a cherrytrade a new and unique binary options trading platform introduction to trading, where experience of the stock market is not a prerequisite for success.

The trading platform is clear and intuitive, as should be expected where a firm puts such emphasis on making trading accessible for all.

The clear design ensures all the relevant information for a trade is on display, and traders can make choices quickly and easily with all the information they need.

Traders can have more than one trading window open, but each window offers the same display options. On the top left is the asset lists — these are a series of simple drop lists, cherrytrade a new and unique binary options trading platform the trader to select the appropriate asset. Next comes the expiry time, again, this can be amended via the drop down menu.

The last row along the top of the trading window in the amount being traded. Completing this field will update the potential payout figure that appears just above the payout percentage. That percentage is clearly displayed cherrytrade a new and unique binary options trading platform traders know exactly how much any payout will be. To the left, in the main section of the trading area is the price graph. This displays the recent price movement for the asset selected. This information can be changed by amending the time periods covered.

This is of benefit when traders want to see a trend over the slightly longer term. Between the price graph and the payout is the current price — plus the all important trading buttons. Here traders can select their call or put options. The whole trading area is fiendishly simple and new traders will be up and running almost immediately.

The assets lists at CherryTrade are good, though some brokers may offer more currency pairs and commodities. That said, all the well traded assets are there and as a relatively new broker, CherryTrade will add to their offering as they go. CherryTrade make their trading platform available on mobile for both iOS and Android version 2. The mobile app presents a trading area which is equally easy to use cherrytrade a new and unique binary options trading platform the full website.

Historical trading information is presented on the mobile application too, with open positions listed and then a similar page listing expired positions. All the relevant details of those trades is displayed. Account details are also accessible from the mobile app including deposit and withdrawal requests.

An account balance can be displayed at anytime, in any screen, enabling traders to stay up to date where ever they are. The app is a great addition for CherryTrade and has been well received by traders looking for a mobile solution. Payouts are at the higher end of the spectrum relative to rivals, and the more exotic trade types can provide even higher payouts.

CherryTrade offer a wide range of deposit and withdrawal options. This also however, smooths the withdrawal process. Withdrawals require the same proof of identity steps before being actioned. This can be a bone of contention with cherrytrade a new and unique binary options trading platform traders who view it as an unnecessary delay — but it is a legal money laundering requirement, and actually protects the consumer.

Withdrawals can only be made back to the same card that made the deposit. Also, withdrawals cannot exceed the total deposits made with that card — the remainder will need to be transferred via wire transfer. This effectively means any profit from trading will need to be withdrawn direct to a bank. Withdrawals can be cancelled by the trader if the funds are required in the account. As long as the withdrawal has not been processed, cancellations can be made directly with CherryTrade, either by email or telephone.

Here are some details about that, and other features. CherryTrade offer a great option for novice traders, hence the rapid growth they have enjoyed. They also, however, cater for more experienced traders by delivering a good asset list and large variety of trade types.

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CherryTrade started operations in and it is an awesome platform that is being recommended by several market experts. Even better, Cherrytrade does accept US traders and traders from all other countries. It is without a doubt the best international binary broker and is especiall popular in the United States and Canada. From indices to currencies, commodities as well as stocks of reputed companies, many assets are available on this platform to trade.

Cherrytrade offers several educational resources, technical and fundamental analytical charts, analysis reports and more for the use of the traders.

The trading platform for binary options trading that is provided by CherryTrade offers several beneficial options. The traders who sign up to trade through this platform will find the platform intuitively designed, allowing novice as well as experienced users to get used to the different features and controls on the platform.

In depth knowledge is provided for the hundred different underlying assets on which one can trade and which are spread across different categories. There are assets that are segregated into currency pairs, stocks and commodities as well as indices. One can trade in the stocks of reputed companies like Apple, Amazon, Facebook and others through this platform. There are various trading types on this platform. The popular 60 Seconds Binary Option is available here, as well as high low and long terms options.

Cherrytrade offers traders more then assets to trade. As you see, the payout options are generous as one can make big profits on this platform. There are different trading packages that one can sign up for on this platform. Both novice as well as experienced traders can sign up and avail of the different packages. The assets that are available for trading on this platform are numerous. These are divided into four major categories of commodities, currencies, indices and company stocks.

With the wide coverage and underlying assets in which traders can invest in, the speculation trading is done in a lucrative manner by most traders on this platform.

Comprehensive market and financial analysis and reports are provided on the platform for the use and convenience of the traders in order to make the right decisions based on adequate information. For the new comers on the site, there are several resources to make use of in order to learn the ropes of binary options trading.

There are online video resources that act as wonderful hands on simulation learning for the novice traders. Cherrytrade will help you learn as much as possible about the binary options market. The cherrytrade eduction section has 5 parts. The customer support on the site is great, keeping in mind the need for the traders to get in touch with the trading platform representatives for any queries or problems they face.

The availability of the customer support team is 24 hours a day and 6 days in a week. There is a live chat option, which is great if you need an urgent question answered. You can also drop in an email regarding any problems regarding deposits, withdrawals and trading processes. There are phone lines where the customer support representatives can be contacted as well.

As you can see in this Cherrytrade review, we have covered many advantages and disadvantages of this binary options broker. There are several features that are beneficial on this new binary options trading platform. For those who are looking to sign up at a reliable platform to learn binary options trading can make great use of this platform. For those who are experienced traders, they will find a large range of underlying assets to trade on this platform. The customer support being quick and responsive and the payout being one of the highest in the industry, these are all reasons why one should sign up at this trading platform.

Cherrytrade Platform Features The trading platform for binary options trading that is provided by CherryTrade offers several beneficial options. Tradable Assets The assets that are available for trading on this platform are numerous. Education Resources For the new comers on the site, there are several resources to make use of in order to learn the ropes of binary options trading.

There is a Cherrytrade site tutorial which helps you understand how their website works. When done with the site tutorial, you can head over to the Interactive Video Library that can help beginners and professions traders. The third part contains Video Trading Courses. This is split into two: The fourth part is an Advanced Course. You will learn important strategies from trusted professionals. The fifth part is a trading e-book, which you will get for free. Customer Support The customer support on the site is great, keeping in mind the need for the traders to get in touch with the trading platform representatives for any queries or problems they face.

Conclusion As you can see in this Cherrytrade review, we have covered many advantages and disadvantages of this binary options broker.