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Compare CherryTrade vs. BinaryBook

Choosing the most appropriate binary option trading srevice for your business is hard with so many features, options, and offers to check. However, using our website will help you to cut down the selection process by showing all key providers in one place. For instance, you can compare CherryTrade and BinaryBook for their features and overall scores, in this case, 8.1 and 7.9, respectively. Likewise, you can check which broker has better general user satisfaction rating: 100% (CherryTrade) and 50% (BinaryBook) to find out which service is better. Don’t simply choose the solution with the most attractive minimum deposit, but the platform that gives the best value for your money.

Compare

CherryTrade

VS

BinaryBook

VS

Score

Our Score

8.1 ?

Our Score

7.9 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

50% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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Complete 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.

BinaryBook makes use of the latest SpotOption Gen 2 trading platform which is a significant improvement over the first generation of this platform. The advanced features provide access to more option contract types. You can take advantage of new features like Trade Analyzer to optimize your returns. BinaryBook also provides a mobile trading app for Android devices.

Located In

Gibraltar, European Union United Kingdom

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

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, Turkish, Arabic
OS Compatibility: Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

Trade Types

CherryTrade offers the following trade types:

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

BinaryBook offers the following trade types:

  • Binary
  • Pairs
  • Long Term
  • Turbo
  • One Touch
  • Ladder
  • FX/CFD
  • Spot follow

Withdrawal Options:

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

Email

support@cherrytrade.com support@binarybook.com
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Assets

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

Payout ratios

CherryTrade offers payout up to 85%.

Average returns are around 80%. You can earn up to 500% with FX/CFD contracts.

Deposit Options

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

Phone

917-775-0324 + 44 2035198267

Payouts Percentage

85%

85%

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, Turkish, Arabic
Customer Service Hours: 24h
Place Trades Over the Phone?: No

Comission

No
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

BinaryBook offers five types of trading accounts:

  • Micro Account ($250 to $$500): Ideal for newbies. Welcome bonus is 20%. You also get access to BinaryBook Academy. 
  • Basic Account ($501 to $2500): For intermediate level traders. Welcome bonus is up to 50%. You get 1 risk-free trade and a personal account manager.
  • Gold Account ($2501 to $10,000): For experienced traders who wish to trade in high volume. Welcome bonus is up to 75%. You get 2 risk-free trades and up to two hours of trading sessions with an expert. You get 5 risk-free trades and from 5 to 10h of sessions with a trading expert.
  • Platinum Account ($10,001 to $50,000): This one is also for experienced traders who wish to trade in high volume. Welcome bonus is up to 10%.
  • VIP Account (Above $50,000): Offers personalized services to traders. Contact the broker directly to learn more about what the package inclues.

BinaryBook also provides an Islamic Trading account that is fully compliant with the Sharia law.

Place Trades Over Phone

Yes
No
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Both CherryTrade and BinaryBook were reviewed by a group of independent SaaS experts who prepared a thorough examination of all core aspects of each software. Their final score was prepared using our unique SmartScore system which gives a separate partial score to each component including: main functionalities, customer support, mobile support, security, customer satisfaction as well as media presence. We are aware that useful features are not the only aspect essential to a business so we make an effort to pay attention to all facets of a app before coming up with its final rating.