Is CherryTrade a Scam or Is it a Regulated Broker?
100% Objective CherryTrade Review + Real User Ratings.
Minimum Deposit & Promotions – Find Out ALL Below!

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Official 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
Free Demo Account Open FREE Demo NOW
Account TypesBasic, Professional, Expert, VIP, Corporate
Deposit & Withdrawal MethodsCredt/Debit Cards, Bank Wire
Number of Assets100+
Account CurrencyAUD, CAD, GBP, EUR, USD
Overall Score9.3/10

Full Review

CherryTrade is offering 100% sign up bonuses to its VIP customers. It is possible to open up to 5 different accounts with Cherry Trade, and the higher deposits you make, the more benefits you are able to enjoy from their loyalty program.


Cherry Trade Trading Platform

Cherry Trade uses SpotOption software, which is very easy to use and offers all the features to enable you to execute a successful trade. The maximum trade you may execute in short term options is $500, seeing as this is a highly volatile option that is much easier to predict.

You can easily monitor your trades on the screen until they have expired, as well as easily locate your trading log or portfolio, by simply clicking on the ‘Portfolio’ tab. The CherryTrade trading platform design is slick and soft. CherryTrade offers the following account levels:

  • Cherry Trade Minimum Deposit Account – $200
  • Cherry Trade Basic Account – $1,000
  • Cherry Trade Professional Account – $5,000
  • Cherry Trade Expert Account – $10,000
  • Cherry Trade VIP Account – $25,000

Review Verdict: Cherry Trade is NOT a Scam

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Cherry Trade Pros

pros buddyCherry Trade offers banking options that are vast and superior to many other Forex brokers. You may make a deposit using the standard credit cards and bank wire, as well as through MoneyBookers  and a large number of electronic transfers that specifically deal in local markets such as Nordea in Scandinavia and Ideal in Holland, among others.

While researching this Cherry Trade review, we were able to discover that deposits to the Cherry Trade trading platform are instant and you may begin trading right away.

No minimum fee is required to deposit or withdraw to a credit card. Deposits by bank wire incur a fee of $25, but only where the amount is less than $500.

Customer service support is outstanding at Cherry Trade, with a friendly staff that provides answers immediately and with a personal approach. You can also communicate with your account manager by mail should you require assistance on any issue. The Cherry Trade live chat comes in handy for traders who wish to have their issues solved instantly.

Interesting fact:

More then 87% of our costumers who trade with CherryTrade Forex Broker have left us a positive review about their customer support. CherryTrade offers 24/7 Live Chat.

You may also request that a Cherry Trade trading analyst call you to enable you to get started trading Forex with a higher chance of success.

Review Verdict: Cherry Trade is NOT a Scam

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Cherry Trade Cons

Having to verify your ID, address and credit card can sometimes prove to be a hassle for honest traders.

However, this system is designed to make the Cherry Trade trading platform a safe and secure environment, free from money laundering and the use of stolen credit cards.

Cherry Trade Scam

safetyNot everything that you read on the internet is true. It is therefore important to similarly treat certain claims that the CherryTrade broker is a scam, with a grain of salt.

This Cherry Trade review is aimed at assuring traders that Cherry Trade is not a scam and neither have we received any complaints with regards to their business practices.

With over 300,000 users, Cherry Trade is one of the biggest Forex brokers. The popularity of this broker should serve as an indicator of the fact that the Cherry Trade services are trusted and widely used.

In addition, Cherry Trade offers a wide range of educational and e-learning resources that clients can use to improve their trading skills on the Cherry Trade trading platform. Keep in mind that just because you lose a trade doesn’t automatically mean that the broker is a scam.

Review Verdict: Cherry Trade is NOT a Scam

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Traders Comments

av1Brie says:This broker seems promising, and I love love LOVE their low trade requirement! The trading academy is also a major plus for me, and it looks like the ideal option for traders with no experience in the Forex industry.

Thanks for sharing!

av2 Burt says:

Good review! I’ve used CherryTrade in the past, and I really like their system. They have 24 hour support, and the $5 minimum trade makes it a great tool for anyone who is just starting out and looking to learn.

Bottom Line

Good_choice_stamp_top10_BRAfter a detailed investigation of CherryTrade’s bonus policy, minimum deposit and withdrawal methods, trading platform and customer support, our team concluded that this Forex broker is reliable and 100% secure broker.

We consider CherryTrade as trustworthy broker with high overall score. You can Proceed to Opening Account with this broker or simply visit the site from the button below.

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