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Comparison IvoryOption vs. CherryTrade

Getting the best binary option trading srevice for your company is hard with too much functions, options, and terms to consider. However, using our review directory will allow you to streamline the selection steps by getting all main services in a single location. For example, you can compare CherryTrade and IvoryOption for their tools and overall scores, namely, 8.1 and 7.5, respectively. Furthermore, you can compare which provider has superior general user satisfaction rating: 100% (CherryTrade) and 100% (IvoryOption) to find out which one is better. Don’t simply pick the solution with the lowest minimum deposit, but the one that offers the best value for your money.

Comparison

IvoryOption

VS

CherryTrade

VS

Total Score

Our Score

7.5 ?

Our Score

8.1 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

100% ?

Minimum Deposit

$250

$200

Accepts US Clients

Yes
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Detailed Review

Description

Like most binary options brokers, IvoryOption uses the popular SpotOption trading platform due to its ease of use, flexibility, and reliability. SpotOption’s latest version now comes with new features on top of their essential trading tools, thus providing traders an improved trading experience. SpotOption now has mobile versions for iOS and Android devices, allowing traders to perform business using their smartphones and tablets.

The IvoryOption platform is 100% web-based and you need not download any software. All you need is an internet connection to make your trades. The platform’s pricing and execution modules are impressive, and the broker uses sophisticated technology to ensure your trading convenience, fiscal safety, and overall satisfaction.

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.

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

Email

support@ivoryoption.com support@cherrytrade.com

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, French, Arabic
Customer Service Hours: IvoryOption offers 24/7 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

Located In

Gibraltar Gibraltar, European Union

Comission

No
No

Deposit Options

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

(+44) 203-695-1604 917-775-0324

Payout ratios

IvoryOption offers payout up to 85%.

CherryTrade offers payout up to 85%.

Payouts Percentage

85%

85%

Trade Types

IvoryOption offers the following trade types:

  • Pairs
  • Long Term
  • Short Term
  • One Touch
  • Ladder
  • Spot Follow

CherryTrade offers the following trade types:

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

Trading Accounts

IvoryOption offers three types of trading accounts:

Novice Account

  • Welcome bonus
  • Account manager
  • Email updates
  • Website live support
  • Training videos

Individual Account

  • Personal trading strategies
  • Trading asset analysis
  • Trading signals by email and Skype
  • 24/7 support from a broker consultant

Executive Account

  • For experienced traders
  • All features of the above two accounts, plus:
  • Additional liquidity of funds
  • Immediate withdrawals
  • Daily signals and trade advice

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

Assets

Forex, Indices, Stocks, Commodities Forex, Indices, Stocks, Commodities

Withdrawal Options:

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

Place Trades Over Phone

No
Yes

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: 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
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No Binary Options Brokers will be perfect enough to cover all the needs of a specific team. While key features of CherryTrade and IvoryOption are obviously a priority you should also carefully examine the integrations supported by a given app. Very often you will already be working with other types of B2B software in your company and it’s much better to go with apps that integrate well with one another. That way you will be able to be certain of a smooth transfer of data between your teams and services, which can significantly reduce time wasted on migrating between one app and the other.