CherryTrade Review



Min. Deposit






Min. Trade

*Cashback Requirements: $200 Volume.

About CherryTrade

CherryTrade is a binary options brokerage firm that was founded in early 2014. Our first impression of this broker reveals a typical SpotOption while label brokerage firm, but a closer look reveals a broker that has numerous outstanding features, which obviously helps them stand out. Cherry Trade is run and managed by Redtulips Consultants Limited, situated at 1A Arcade House Temple Fortune, London NW11 7TL. CherryTrade actually operates from Gibraltar asides its London office.

Trading Software and Assets

The Cherry Trade trading platform is designed for ease and speed. During the review, we discovered that the trading platform ran well under memory strains and low internet connectivity. The CherryTrade trading interface is a front-line technology that makes use of an extremely safe and reliable Spot Option trading platform.

CherryTrade also has a mobile app designed to aid traders access the trading platform on iOS and Android devices, thereby giving them the ability to trade on-the-go.

The asset list on Cherry Trade spans over 100 in 4 different categories i.e. forex, indices, commodities and stocks such as Apple, Amazon, Facebook and others.

cherrytrade trading platform

Trade Types

CherryTrade offers the following option types to its clients i.e. One Touch, Long Term, Call/Put, 60 Seconds and Ladder Options.

Open Account and get $150 Cashback

Trading Account

There are five different account types found on CherryTrade and they include:
CherryTrade Classic Account – this account type offers traders the ability to get started with an initial deposit of $200, and comes with added benefits such as a 25% bonus, along with weekly market review.

Cherry Trade Bronze Account – with this account type traders can get a 35% welcome bonus, along with a 20% bonus on deposit. There’s also four risk free trades on this account type, market review and a minimum deposit requirement of $500.

CherryTrade Silver Account – clients can access this account type after the make an initial first time deposit of $1000. CherryTrade offers a 50% welcome bonus plus 35% successive deposit bonuses, and 4 $50 risk free trades.

Cherry Trade Gold Account – with an initial deposit of $5000 you can access this account type with all its features such as 75% initial deposit bonus, 50% commission on subsequent deposits, 4 $250 risk free trades, 1 free month of signals, one-on-one account manager, weekly technical analysis and free signals on breaking trades.

CherryTrade Diamond Account – this account type starts with an initial $10,000 deposit, traders can get up to 100% in commissions plus 4 $500 risk free trades, along with 3 months of risk free trades.

Deposits and Withdrawals

CherryTrade offers an array of banking options via Credit/Debit Cards (Visa, Visa Electron, Maestro, Maestro UK (Switch), Delta, MasterCard, Diners and Solo).

There’s also the bank wire deposit/withdrawal option that takes a bit longer to process (usually between 5-7 days for funds to show in account when depositing). Withdrawals via bank wire are subject to a $30 fee.


CherryTrade offers an amazing help desk that is available 24/6 via email, live chat and phone lines. The support team on CherryTrade is very experienced and are always available to offer professional tips and know-how on binary options and broker related issues.

Other Features

Minimum Deposit – $200 | Max. Bonus – $20,000 | Max. Investment – $1,000 | Account Currency – AUD, CAD, GBP, EUR, USD | Minimum Investment – $5 | Trading Software – SpotOption | Mobile Trading – Yes | Demo Account – No | Nationalities – All | Online Since – 2014

Company Details

BrokerBinary Options Broker
US Clients Accepteddelete-icon
Visit WebsiteVisit Website

Trading Platform

Platform TypeSpot Option
Platform LanguagesEnglish & Arabic
Streaming News Feedicon-check
Charting Packageicon-check
E-mail Alertsdelete-icon
Mobile Alertsdelete-icon
Mobile Tradingicon-check
Web-Based Tradingicon-check

Account Options

Minimum Deposit$250
Payouts %81%
Minimum Investment$5
No Deposit Bonusdelete-icon
Deposit BonusUp to 100%

Deposit and Withdrawal

Deposit OptionsVisa, Mastercard, Wire
Withdrawal OptionsVisa, Mastercard, Wire

Customer Service

Customer Support LanguagesEnglish & Arabic
Customer Service Hours24/7



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