Cherrytrade Minimum Deposit

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Cherrytrade Review

Rating: Cherrytrade is one of the best binary options brokers with a payout of 81%, powered by SpotOption.
  • Minimum Deposit: $200
  • Accept US traders: No
  • Our Rating: 4.5/5
Promo: 5 Risk Free Trades » Sign up now

CherryTrade binary options broker is founded by the Redtulips Consultants LTD in 2020. It offers an average return ROI of up to 81% for the standard binary options.

They offer traders a wide selection of more than 100 types of trading assets and feature stocks from major corporations such as Apple and Amazon. CherryTrade is headquartered in Gibraltar and they have branch offices in London. CherryTrade offers free demo account for those who are interested in testing out their strategies on the trading platform.

Trading Platform

CherryTrade offers the SpotOption 2.0 platform that features 6 types of options including standard options, pairs, long term, 60 seconds, one touch and ladder. The expiry time for short term options range from 30 seconds to 120 seconds. The roll over feature enables you to perform stop loss strategy by delaying the expiration time. This feature will appear about 10 minutes prior to the expiry time and you can expect to receive 30% returns if you win. The rollover feature gives you a chance to win when all signs are pointing that you are going to lose the trade.

The double up feature allows you to earn double profit when the trade options expire. The iFollow is the social trading tool that allows you to copy the trades of other professional trades. The sell early feature lets you sell your trades early to minimize the loss. Besides, there is also an option builder feature on the trading platform. CherryTrade does support mobile trading so traders who frequently use mobile phones can conveniently monitor their trades.

Types of CherryTrade Trading Accounts

CherryTrade offers 5 types of trading accounts including Classic, Pro, Gold, VIP, and Corporate. Classic account only has a minimum deposit requirement of $200 and is suitable for beginner traders who just started to learn how trade. It takes a minimum deposit of $2,500 to open a Pro account and you also get a 35% welcome bonus.

Gold account has a minimum deposit of $6,500 and the welcome bonus you will receive is 70%. in addition, you will get 3 risk free trades, one-on-one training session that lasts for 3 hours and access up to level 3 of the education center.

VIP account is for traders who are ready to invest a capital of at least $50,000. CherryTrade offers 50% welcome bonus if you have a VIP account. Some of the features of a VIP account are 5 risk free trades, one-on-one analyst session that last for 7 hours and up to level 4 education center.

Corporate account is for traders who can make a big investment of more than $100,000. if you have corporate account, you can get up to 30% welcome bonus and get up to 10 risk free trades. In addition, you will get to attend unlimited 1-on-1 training sessions and access any learning material in the education center.

Deposits/Withdrawals

CherryTrade allows you to deposit via a number of methods including Visa, Visa Electron Delta, Diners Club, Maestro, and bank wire. There is a minimum deposit requirement of $200 for all types of deposit methods. The maximum deposit is $20,000 for deposits via credit card but there is no limit if you deposit via bank wire. You must have at least $100 in your account balance if you want to withdraw.

You must submit your photo ID, address proof and a photocopy of the credit card you use to deposit the funds if you want to make a withdrawal request. It is free to withdraw via credit card but they will charge you a $30 fee for bank wire withdrawal. It takes 3 business days for the customer support department to process the withdrawals and another 7 days for the funds to arrive at your bank account.

CherryTrade Educational Center

CherryTrade has an educational center that is filled with various types of tutorials including binary options, market analysis, glossary, and social trading. There is an ebook that provides a walk through of the platform and teach you how to use its features. There is also a section where you will find many binary options trading video tutorials. They also offer trading signals for members that have registered for a trading account.

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Customer Support

CherryTrade offers telephone support 19 countries and they also offer support via email and live chat. You can use the web contact form to contact the customer support department via email. Cherry Trade’s customer support is available 6 days per week, from 6:100 – 21:00 GMT, Sunday to Friday.

CherryTrade Review – Verdict

CherryTrade is a respectable broker with a good reputation in the binary options trading industry. They offer a rich educational resources that feature tutorials on many binary options trading and a 3 tier video tutorials.

Cherry Trade Review

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.

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 2020. 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.

TD Ameritrade Minimum Deposit

TD Ameritrade minimum deposit amount

There is no minimum deposit required by TD Ameritrade.

This means that it’s an ideal broker if you want to trade or invest with a smaller amount. It is a good broker to start your investment journey with, as you can add more funds to your account later as you get more experienced in managing your investments. Brokers that don’t require a minimum deposit do so to encourage people to try their service without requiring a large initial commitment.

TD Ameritrade minimum deposit vs. similar brokers

TD Ameritrade Charles Schwab E-Trade
Minimum deposit $0 $0 $500

Besides the TD Ameritrade zero minimum deposit for US clients, there is a $3,500 minimum for Malaysian and Singaporean clients. Furthermore, margin accounts require a $2,000 minimum deposit. A margin account is where you trade with borrowed money, also known as leverage.

Beyond the required minimum deposit, there are a couple of other factors to consider when you are about to open an account at TD Ameritrade. Here are the main pros and cons when it comes to depositing at TD Ameritrade:

Pros Cons
• No minimum deposit • Credit/Debit card deposit is not possible
• No deposit fee • Only one account base currency
• Depositing is user-friendly

TD Ameritrade minimum deposit
TD Ameritrade deposit fees and deposit methods

TD Ameritrade does not charge a deposit fee. This is great because the broker won’t deduct anything from your deposits and you only have to calculate with the costs charged by the bank / third-party you send the money with. If you want to know more about TD Ameritrade fees, check out the fee chapter of our TD Ameritrade review.

While there is no deposit fee at TD Ameritrade, the available deposit methods are also important for you. See how TD Ameritrade deposit methods compare with similar online brokers:

TD Ameritrade deposit methods vs. similar brokers

TD Ameritrade Charles Schwab E-Trade
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No

The average transfer times for the different methods are:

  • Wire transfer: 2-3 days
  • Credit / debit card and online wallets: instant or a few hours

A minor issue with depositing money to TD Ameritrade is that based on our experience it’s not user-friendly compared to similar brokers. This means either that the interface is not user-friendly or that figuring out where and how you have to make the transfer is a bit complicated.

Find out more about depositing to TD Ameritrade on their official website:

TD Ameritrade minimum deposit
Deposit currencies

Each trading account has a base currency, which means that the broker will hold your deposited money in that currency. At some brokers, you can also have more trading accounts with different base currencies. For example, at IG, it is possible to have both EUR and USD-based accounts.

Why does this matter? A currency conversion fee will be charged if you deposit in a different currency than the base currency of the target trading account. It’s likely not a big deal but something you should be aware of.

Some online brokers offer trading accounts only in the major currencies (i.e. USD, GBP, EUR and sometimes JPY) and some support a lot more than that.

TD Ameritrade trading account currencies vs. similar brokers

TD Ameritrade Charles Schwab E-Trade
Number of base currencies 1 1 1

Unfortunately, TD Ameritrade supports only one currency, which is USD. This means that if you send your minimum deposit in a currency other than this, TD Ameritrade will convert it and charge a currency conversion fee. This is not an issue for you if you would deposit in USD anyway, but it’s not ideal if you use any other currency.

A convenient way to save on the currency conversion fee can be to open a multi-currency bank account. Revolut or Transferwise both offer digital bank accounts in USD. The account opening only takes a few minutes after which you can upload your existing currency into your new account, exchange it in-app at great rates, then deposit it into your brokerage account for free or cheap.

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TD Ameritrade minimum deposit
Steps of sending the minimum deposit

The specific process of sending your minimum deposit to TD Ameritrade might vary slightly from the following, but generally the process involves the following steps:

Step 1: Open your broker account

At most brokers, you can open your trading account online. To open an account, you have to provide your personal details, like your date of birth or employment status, and there is also usually a test about your financial knowledge. The last step of the account opening is the verification of your identity and residency. For this verification you usually have to upload a copy of your ID card and a document that validates your proof of residence, for example, a bank statement.

If you don’t know which broker is suitable for you, use our broker selector tool.

Step 2: Make the deposit

First you have to sign in to your already opened trading account and find the depositing interface. After this, you select one of the deposit methods the broker supports, enter the deposit amount and make the deposit.

The deposit methods can be one or more of the following:

  • Bank transfer (sometimes called wire transfer): you have to add your bank account number in the deposit interface. The bank account has to be in your name. After this, you need to start a bank transfer from your bank. The broker will give you a reference number that you’ll have to enter as a comment in your transaction. This will allow them to identify your deposit.
  • Credit or debit cards: just as with a normal online purchase, you are required to enter the regular card details. However, unlike any other online purchase, it’s required to use a card that’s in your name. In some cases, like with IC Markets, you’ll also need to verify your card by scanning it and sending it to the broker. This is yet another anti-money laundering measure on their end. Card payment is usually the preferred and most convenient way of depositing. On the other hand, some brokers define a cap for card deposits, so for a larger amount you might have to use the bank transfer.
  • Online wallets like Paypal, Skrill, Neteller, etc.: it works just like any other online purchase. The interface of the wallet will pop up where you’ll have to enter your credentials (username and password) and carry out your transaction.

Step 3: Review your transaction

Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.

Cherry Trade

Реклама

Брокер бинарных опционов Cherry Trade находится в черном списке. Такое решение принято после анализа многочисленных негативных отзывов, размещенных на тематических порталах, в блогах и форумах. Работа на этой торговой площадке может привести к негативным последствиям, в частности, к потере не только наторгованной прибыли, но и депозита.

Брокер Cherry Trade работает без регуляции, поэтому в случае возникновения проблем с невыплатой средств вероятность положительного решения в пользу трейдера минимальна. Кроме того, можно потерять не только заработанную прибыль, но и начальный депозит. На тематических форумах размещены отзывы, в которых сообщается о потерях, превышающих десять тысяч долларов.

Работа с брокером Cherry Trade может привести к серьезным финансовым убытком. Практика показывает, что компания целенаправленно не выплачивает прибыль трейдерам и под различными предлогами стимулирует их вносить новые депозиты, которые в итоге будут потеряны.

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