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Software CherryTrade vs. BigOption

Selecting the best binary option trading srevice for your company is hard with too much features, options, and terms to choose from. However, depending on our review platform will help you to streamline the selection steps by reading all major brokers in one location. As an illustration, you can match CherryTrade and BigOption for their tools and overall scores, in this case, 8.1 and 8.0, respectively. Likewise, you can check which provider has better general user satisfaction rating: 100% (CherryTrade) and 89% (BigOption) to learn which solution is better. Don’t just pick the service with the lowest minimum deposit, but the service that offers the best value.

Software

CherryTrade

VS

BigOption

VS

Our Score

Our Score

8.1 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

89% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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Full Review

Description

CherryTrade uses the SpotOption trading platform. A popular trading platform option among binary brokers, SpotOption flaunts a relatively easy to use interface and is loaded with basic and advanced features that novice traders will be able to learn to use in no time. SpotOption is now available for mobile devices, specifically Android and Apple iOS smartphones and tablets.

The platform is 100% web-based which means you don’t have to download any software. It can be accessed anywhere in the world. You can quickly access all your transactions – deposits, withdrawals, and trading portfolio – in the ‘My Account’ section. The maximum amount you can invest per individual trade is $5000.

BigOption makes use of the the state-of-the-art version of the SpotOption powered trading platform. This new generation platform is straightforward to operate and provides versatile trading functions such as the “Profollow” mode which enables traders to set their trading parameters to emulate the tactics of winning traders. This useful feature is provided exclusively by the SpotOption powered trading platform.

BigOption also offers support for mobile trading. Traders can download the mobile app from Apple AppStore or Google Play. Another feature of BigOption is the Auto Trading robot which uses the Faunus Analytics tech and helps traders save time during trading.

Payout ratios

CherryTrade offers payout up to 85%.

BigOption offers generous payout ratios of up to 85% for normal trading. If trades close out of the money, traders are still entitled to a 10% rebate. For higher returns, traders can use the one touch options trades which offer payouts up to 500%.

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Chinese, Japanese, Italian, Arabic, Dutch, Swedish
Customer Service Hours: CherryTrade provides 24/7 customer support.
Place Trades Over the Phone?: Yes
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, French, Arabic
Customer Service Hours: BigOption offers a full 24h/7 customer support
Place Trades Over the Phone?: No

Platform

Platform type: SpotOption
Platform Languages: English, Spanish, German, French, Russian, Chinese, Japanese, Italian
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: Yes
Platform type: SpotOption
Platform Languages: English, French, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No

Deposit Options

Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill Credit Card, Debit Card, Bank Wire Transfer, Neteller

Located In

Gibraltar, European Union United Kingdom
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Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Assets

Forex, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

Trading Accounts

CherryTrade offers five types of accounts:

Classic Account – Deposit 200+

  • 20% welcome bonus
  • Junior broker
  • Level 1 education center

Pro Account – Deposit 2,500+

  • 35% welcome bonus
  • Executive broker
  • 1-on-1 basic training – 1 hour
  • Level 1+2 education center
  • General trading signals

Gold Account – Deposit 6,500+

  • 70% welcome bonus
  • Executive broker
  • Risk free trades x3
  • 1-on-1 advanced training – 3 hours
  • Level 1-3 education center
  • General trading signals

VIP Account – Deposit 50,000+

  • 50% welcome bonus
  • Executive broker + analyst
  • Risk free trades x5
  • 1-on-1 analyst sessions – 7 hours
  • Level 1-4 education center
  • Personalized trading signals

Corporate Account – Deposit 100,000+

  • 30% welcome bonus
  • Executive broker + analyst
  • Risk free trades x10
  • 1-on-1 analyst sessions – Unlimited
  • Full education center
  • Personalized trading signals

BigOption offers five different types of trading accounts to suit different categories of traders:

Micro Account:

  • For novice traders with 20% welcome bonus. 
  • Starting deposit is $200-$250
  • Access to Daily Market Reviews
  • Access to BigOption Academy

Basic Account:

  • For more experienced traders with welcome bonus up to 50%.
  • Starting deposit is $501-$2500
  • Access to Daily Market Reviews
  • Access to BigOption Academy
  • 10 Risk Free Trades
  • Personal Account Manager

Gold Account:

  • For semi-professional traders who trade with sophisticated tools.
  • The welcome bonus is up to 75%.
  • Starting deposit is $2501-$10000
  • Exclusive Daily Market Review Email
  • Advanced Guide to Trading
  • 15 Risk-Free Trades
  • Up to 75% Welcome Bonus
  • Personal Account Manager
  • Gold Trading Signals up to 2 weeks (worth $199)
  • Additional bonuses on every deposit
  • Weekly One-on-One session with a trading expert
  • Auto Trading Robot

Platinum Account:

  • For professional traders with high trading volume.
  • Welcome bonus is 100%.
  • Starting deposit is $10001-$50000
  • Exclusive Daily Market Review Email
  • Advanced Guide to Trading
  • 20 Risk-Free Trades
  • Up to 100% Investment Bonus
  • Personal Account Manager
  • Platinum Trading Signals up to 2 months (worth $599)
  • Additional bonuses on every deposit
  • Daily One-on-One session with a trading expert
  • Advanced Auto Trading Robot

VIP Account:

  • For traders with specific trading needs. They can negotiate benefits with the account manager.
  • Starting deposit has to be above $50000

Phone

917-775-0324 +44-203-5193481

Withdrawal Options:

Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill Credit Card, Bank Wire Transfer, Neteller

Email

support@cherrytrade.com support@bigoption.com

Comission

No
No

Trade Types

CherryTrade offers the following trade types:

  • High/Low
  • Pairs
  • Long Term
  • 60 Seconds
  • One Touch
  • Ladder

BigOption offers five types of trading contracts:

  • Classic Binaries: The most popular type where traders decide if prices will end up higher or lower than a predetermined strike level
  • Speed Options: Traders can select expiry times ranging from 30 seconds to 300 seconds
  • Long Term Options: Long options have longer expiry times of up to a year
  • One Touch Options: Trader has to decide if prices will reach a predetermined level before its expiration
  • Pairs Trading: Traders can pit two assets of the same asset class and see which does better or worse.

Payouts Percentage

85%

500%

Place Trades Over Phone

Yes
No
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In case you are still having second thoughts about which service will be best for your company it might be a good idea to analyze each service’s social metrics. These metrics are quite often a way to see how popular every solution is and how large is its online presence. For instance, in case of Facebook CherryTrade has 0 likes on their official profile while BigOption profile is liked by 0 users.