Cherry Trade is a binary options broker that provides traders with a reliable place to make trades and profit. Their customer service is responsive and they have a top-tier Academy that helps traders make successful trades.
Today I’ll be providing a full review and letting you know what you can expect from this binary options brokerage.
During my recent tests and polling the binary today community I have found cherry to be the best broker for US clients.
When boss capital stopped taking on US clients I went to the most successful traders on binary today to find a solution. I knew that this was happening months in advance so I was able to sit down with each high ranking trader and get their input. During the sessions I was happy to see a positive consensus on cherry trade.
[ratings id=”31391″]
My Cherry Trade Experience
As I’m sure you know, I’ve recently started testing a lot of binary options brokers, cherry trade has proved themselves to be one of the best during this period of time. To start, the process is quick and painless. I registered, deposited funds and started placing trades within minutes. During this time the support staff was extremely helpful at walking me through their platform and informing me of everything that they have to offer.
This level of support is aware in the binary options market and so when I get email responses at all I’m quite surprised but when a company goes out of their way to meet my needs I am extremely impressed.
The usability of the cherry trade platform is seamless and very simple. I have made over 60 trades now in the past couple of months using binary options software and the results have never been in question. The wins are wins and the losses are losses. I never see any weird price movements that don’t correspond with the current market conditions which makes them a trustworthy broker.
Cherry Trade Specifics
Cherry trade was founded in 2014. They use the spot option platform which includes the full line of assets, all the expiry times required and extra trading tools that make binary options trading even easier. They are currently offering over 80 assets, require a minimum deposit of just $200 and provide demo accounts when asked.
They provide bonuses of up to 100% and most importantly accept US clients. One of the most important elements the cherry trade has to offer is that they use the spot option platform. This platform has been proving itself over the last couple years to be the most responsive and effective network. They provide cutting edge speeds and ensure that their live market data is always accurate.
Their withdrawal process is very quick and traders can pull out as little as $100 at a time for no charge if made to a credit card. Withdrawals by wire cost $30 which is pretty standard in the binary options market and is fine by me.
Cherry provides all the normal expiry times and trading tools you’ve grown to expect such as one touch, pairs, ladder. It also included iFollow options which is a leading form of trade copying. I haven’t tried this myself because I like to do my own trading using binary options software.
Cherry Trade Conclusion
Cherry trade is a reliable and trustworthy binary options broker. If you are in the United States and you are looking for a broker then look no further.
The readers here at binary today have rated this brokerage very well and I concur.
If you ever need any help or you would like to add a comment about my cherry trade review please do so now.
I notice that the review and comments are all a few months old. Is all this information still relevant?
Yes, it’s still relevant. Comments are usually reserved for negativity so seeing no comments on a site as busy as this one is usually a good thing.
So I just noticed Cherry Trade does not take U.S. clients anymore. Why would this be, if you know. Also I tend to see when brokers take U.S. clients at start they stop after several months. My worries is if I sign up with CT OPTIONS that takes U.S. clients if all of a sudden they’ll stop as well a few months down the road. I’ve been scammed in past with brokers and rely mainly on research and sites like yours for genuine reliable information (which by far your site has been 100%).
Hi Angel, that is the case, I wouldn’t worry about it. Cherry didn’t steal anyone’s money in the process.
Thanks for your reply…and that’s good to hear they are a good trusted broker, just sucks that they don’t take U.S. clients anymore. I was ready to open an account with them. But I’ll have to go with CT Options now seeing their the only ones for U.S. clients that is recommended thus far. I’ll keep you and readers up to date.
They told me over the live chat that demo accounts aren’t available. Their currency pair selection looks a little limited.
Hi Richard, their selection works for all my recommendations. You can try starting a demo here http://www.spotoption.com/?lang=en&login=1
Thanks John,
I’ll get the Spot Option demo running and check it out. I was wondering about the assets needed for the signals software. I’m putting the acquisition of the three that you recommend and your trade assistant and getting them running into the mix. Now that I’ve got the 6 screen trading computer fully operational and am working Thursday to Sunday driving my car carrier and trading full time M-W. With plans to add Thursday and Friday also as soon as I can.
Six 24 inch screens with high powered processing capability and strong internet feed takes some time and effort to become proficient at utilizing the massive increase in data available. It’s a 10 to 20 times increase in information to manage compared to a lap top with one external screen. I’m looking into getting Swiss Dukascopy and US Cantor Exchange binary option accounts opened if I can so that I don’t have worry about being victimized. But for now if Cherry Trade works properly that’s a good place to start.
Looks good Richard, yes a good place to start.
Everyone listen to John he is 100% Correct I got with CherryTrade 2months ago and I was amazed that every single time I called during business hours I talk to a live person EVERY TIME! People get CherryTrade im done lol!
do you need to make a deposit to open a demo account?
Hi Tom, I’m not sure, try asking in their live chat and then please report back if that’s okay.