CherryTrade is no longer accepting new traders!
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CherryTrade is a binary options broker that opened in 2014. CherryTrade is owned by Website Promotions Ltd, located at The Financial Services Centre, Stoney Ground, Kingstown, Saint Vincent & the Grenadines. Their phone number is: (917) 775-0324.
Trading Signals & Robots
Cherry uses the latest SpotOption platform which makes them compatible with many trading signal providers.
Look here to see more than 50 different signals providers.
WARNING: There are many bad trading systems, you should read about trading robot scams.
The only worthwhile automated trading robot is the Binary Option Robot, see details.
CherryTrade Platform Review
CherryTrade uses the latest SpotOption 2.0 platform with over 180 assets available to trader.
For Forex traders they offer options on major currency pairs and also many smaller currency pairs, like the Singapore Dollar, the Rand, the Turkish Lira, and Russian Ruble! They offer 30 second, 60 second and 120 second options.
The minimum deposit for new accounts is only $200.
When the scam broker investigator reviews a binary options broker to determine if it is a scam or a legit binary options broker, we want to know if a regulator like the CySEC in Cyprus gave them a license and they fall under the MIFId rules in Europe. Are they registered with the FCA in England or the FSBR in New Zealand.
While reviewing CherryTrade, we see that they are not currently regulated by CySEC. On June 6th 2013 the US SEC wrote an investor alert regarding binary option scam brokers. Read entire alert on the SEC website here.