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Compare FMTrader vs. CherryTrade

Choosing the most appropriate binary option trading srevice for your business is difficult with so many functions, options, and terms to choose from. On the other hand, relying on our review platform will make it possible for you to streamline the necessary steps by displaying all key brokers in one location. For example, you can compare CherryTrade and FMTrader for their tools and overall scores, in this case, 8.1 and 8.0, respectively. Furthermore, you can see which provider has better general user satisfaction rating: 100% (CherryTrade) and 100% (FMTrader) to find out which solution is the better option. Don’t just choose the service with the lowest minimum deposit, but the solution that gives the best value for your money.

Compare

FMTrader

VS

CherryTrade

VS

Score

Our Score

8.0 ?

Our Score

8.1 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

100% ?

Minimum Deposit

$250

$200

Accepts US Clients

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Full Review

Description

FMTrader providers users with the award-winning SpotOption as its trading platform. SpotOption is highly accessible, allowing traders to do trade and engage through the web. No software download and installation is needed. Many traders use prefer SpotOption as it is widely used in the industry due to its simplicity, reliability, and ease of use.

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.

Payout ratios

85%

CherryTrade offers payout up to 85%.

Platform

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

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Russian, Turkish
Customer Service Hours: FMTrader provides 24-hour customer support.
Place Trades Over the Phone?: No
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

Withdrawal Options:

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

Trading Accounts

Traders with FMTrader can choose from 5 different types of trading accounts which come with various benefits. They are each defined by a minimum deposit.

  • Bronze Trading Account
  • Silver Trading Account
  • Gold Trading Account
  • Platinum Trading Account
  • Islamic Trading Account

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

70%-90%

85%

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Email

support@fmtrader.com support@cherrytrade.com

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

Located In

United Kingdom Gibraltar, European Union

Trade Types

FMTrader offers the following trading types:

  • 60 Seconds Options
  • Classic Binaries
  • One Touch Options
  • Option Builder
  • Pair Trading
  • FX/CFD

CherryTrade offers the following trade types:

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

Comission

No
No

Assets

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

Place Trades Over Phone

No
Yes

Phone

+448001700149 917-775-0324

Deposit Options

Credit Card Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill
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If you are still having doubts about which software will be best for your business it might be a sound idea to check out each service’s social metrics. Such metrics are usually an indicator of how popular each product is and how wide is its online presence. For instance, in case of Facebook CherryTrade has 0 likes on their official profile while FMTrader profile is liked by 31460 people.