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Comparison CherryTrade vs. OptionRally

Choosing the most appropriate binary option trading srevice for your organization is not that easy with a lot of features, options, and terms to choose from. But, depending on our website will allow you to simplify the selection process by showing all key services in one location. For instance, you can contrast CherryTrade and OptionRally for their features and overall scores, namely, 8.1 and 8.2, respectively. Similarly, you can check which provider has higher general user satisfaction rating: 100% (CherryTrade) and 97% (OptionRally) to determine which one is better. Don’t just start using the platform with the most attractive minimum deposit, but the solution that has the most cost-effective value.

Comparison

CherryTrade

VS

OptionRally

VS

Total Score

Our Score

8.1 ?

Our Score

8.2 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

97% ?

Minimum Deposit

$200

$250

Accepts US Clients

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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.

OptionRally makes use of web-based trading platforms which are powered by SpotOption. They are guarded by the COMODO security system. The platforms are well laid out, and simple to use and work with. It’s possible to execute a trade in 3 straightforward steps:

  • Select an asset – some are traded only at certain days/times
  • Choose the direction of the price movement upon expiry
  • Choose the investment amount, and click “PUT” or “CALL”

OptionRally also provides platforms for different trading styles:

  • Binary Meta
  • One Touch trading platform
  • Option Builder
  • Binary Options Pro – for trades with Fixed Return Options (FROs)

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, Spanish, German, Russian, Chinese, Japanese, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

Located In

Gibraltar, European Union Cyprus

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

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, Spanish, German, Russian, Chinese, Italian, Turkish, Arabic
Customer Service Hours: 24h
Place Trades Over the Phone?: Yes

Payouts Percentage

85%

81%

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Trade Types

CherryTrade offers the following trade types:

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

OptionRally offers the following trade types:

  • Binary Meta
  • 60 Seconds
  • Option Builder
  • One Touch
  • Call and Put options

Email

support@cherrytrade.com support@optionrally.com

Deposit Options

Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill Webmoney, Credit Card, Bank Wire Transfer, Western Union, CashU, Skrill

Place Trades Over Phone

Yes
Yes

Payout ratios

CherryTrade offers payout up to 85%.

Average return is 78% for winning trades and a refund of 10% is offered for losing trades.

Withdrawal Options:

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

Phone

917-775-0324 41-43-5507311

Comission

No
No

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

OptionRally offers five types of trading accounts:

Mini Trading Account

  • Minimum deposit is $200
  • Welcome bonus is 15% of the initial deposit amount
  • Subsequent deposits get 10% bonus of the amount deposited
  • Daily and weekly market review

Standard Trading Account

  • Minimum deposit is $1,000
  • Welcome bonus is 20% of the initial deposit amount
  • Subsequent deposits get 10% of the deposited amount
  • One-time interaction with financial experts
  • OptionRally e-book
  • Market news, reviews, and analyst recommendations

Executive Trading Account

  • Minimum deposit is $5,000
  • All Standard account privileges plus a 25% welcome bonus
  • Two interactions with financial experts
  • Three daily trading tips

VIP Club Account

  • Minimum deposit of $10,000
  • Welcome bonus of 30% of the initial deposit
  • International travelling arrangements
  • Free smartphone/tablet after $15k trading
  • Three personalized consultations with financial experts
  • OptionRally e-book
  • Daily and weekly market reviews
  • Five daily trading tips
  • Traders can consult market analysts during regular trading hours
  • 15% bonus for re-deposits
  • Access to international clubs, trading tools, and exclusive information and ideas
  • Personal trading concierge

Islamic Trading Account

  • Trading with interest-free accounts

Assets

Forex, Indices, Stocks, Commodities Forex, Metals, Oil, Gold, Indices, Stocks, Commodities
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Almost as important as features and client support level are pricing packages made available by CherryTrade and OptionRally. While cost should not be the sole factor it’s definitely a significant thing to think about. You should count on a flexible pricing package that can be matched with your team size and easily scaled up if your company grows. Make sure you don’t opt for plans that include extra functionalities that you won’t find a use for and always try to get in touch with the vendor directly as enterprises can often benefit from special pricing. You should also check out a free trial or demo of each product to spend at least some time on actual work with the system. It’s a helpful experience that doesn’t need you to spend any money and gives you a reliable overview of what it’s like to work with CherryTrade and OptionRally.