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Compare CherryTrade vs BigOption

What is better CherryTrade or 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.

At this time, the most popular services in our Binary Options Brokers category are: GTOptions, OneTwoTrade, IQ Option.

SmartScore™

OUR SCORE 8.1

User Satisfaction

CUSTOMER EXPERIENCE 100%

Minimum Deposit

$200

Accepts US Clients

No

Comission

No

Place Trades Over Phone

Yes

Located In

Gibraltar, European Union

Trade Types

CherryTrade offers the following trade types:

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

Deposit Options

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

Payout ratios

CherryTrade offers payout up to 85%.

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

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

Payouts Percentage

85%

Withdrawal Options

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

Assets

Forex, Indices, Stocks, Commodities

Available Support

email

phone

live support

training

tickets

General Info

CherryTrade is one of the leading binary options brokers in the industry with a high payout of 85%.

Company Email

support@cherrytrade.com

Contact No.

SmartScore™

OUR SCORE 8.0

User Satisfaction

CUSTOMER EXPERIENCE 89%

Minimum Deposit

$250

Accepts US Clients

Yes

Comission

No

Place Trades Over Phone

No

Located In

United Kingdom

Trade Types

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.

Deposit Options

Credit Card, Debit Card, Bank Wire Transfer, Neteller

Payout ratios

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%.

Platform

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

Trading Accounts

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

Payouts Percentage

500%

Withdrawal Options

Credit Card, Bank Wire Transfer, Neteller

Assets

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

Available Support

email

phone

live support

training

tickets

General Info

BigOption is a UK-based binary broker that uses the advanced SpotOption Gen 2 platform.

Company Email

support@bigoption.com

Contact No.

IQ Option

Partner

This product is our partner, which means they paid for being featured as one of the suggestions. Our team takes great care to ensure all sugested products are reliable, top-quality solutions.

SmartScore™

OUR SCORE 8.5

User Satisfaction

CUSTOMER EXPERIENCE 99%

Minimum Deposit

$10

Accepts US Clients

No

Comission

No

Place Trades Over Phone

No

Located In

United Kingdom

Trade Types

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.

Deposit Options

Credit Card, Debit Card, Bank Wire Transfer, Neteller

Payout ratios

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%.

Platform

Platform type: In-house

Platform Languages: English, Spanish, Russian, Chinese, Arabic

OS Compatibility: Mac OS, Windows, Android

Streaming News Feed: No

Email Alerts: Yes

Mobile Alerts: Yes

Trading Accounts

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

Payouts Percentage

500%

Withdrawal Options

Credit Card, Bank Wire Transfer, Neteller

Assets

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

Available Support

email

phone

live support

training

tickets

General Info

IQ Option has used the latest technologies to create a trading platform that gives its clients an easy, smooth, and fun trading experience.

Company Email

support@iqoption.com

Contact No.

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.

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