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Comparison Porter Finance vs. CherryTrade

Selecting the best binary option trading srevice for your organization is not that easy with various features, choices, and terms to choose from. On the other hand, depending on our website will make it possible for you to cut down the selection process by getting all major brokers in a single place. For example, you can contrast CherryTrade and Porter Finance for their features and overall scores, namely, 8.1 and 8.0, respectively. Similarly, you can compare which broker has superior general user satisfaction rating: 100% (CherryTrade) and 96% (Porter Finance) to find out which one is the better choice. Don’t simply pick the solution with the most attractive minimum deposit, but the one that offers the best value for your money.

Comparison

Porter Finance

VS

CherryTrade

VS

Score

Our Score

8.0 ?

Our Score

8.1 ?

Customer Experience

Customer Experience

96% ?

Customer Experience

100% ?

Minimum Deposit

$200

$200

Accepts US Clients

Yes
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Complete Review

Description

Porter Finance provides their users with the must up-to-date version of the SpotOption trading platform. The platform itself offers a quick and responsive UI as well as a wide range of features and tools that allow users to optimize and speed up their trading processes. SpotOption is one of the most widespread trading platforms out there as it guarantees simplicity, reliability and flexibility. The new SpotOption also supports mobile devices, including Android and Apple iOS smartphones and tablets.

The Porter Finance platform provides risk management tools such as buy me out, double up, and rollover. The trading interface is modular and you can also use other window settings, depending on your individual trading style.

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.

Trade Types

Porter Finance offers the following trade types:

  • Standard Call/Put Binary Options
  • Pairs
  • Long Term Options
  • One Touch Binary Options
  • 60 Second Binary Options
  • Ladder

CherryTrade offers the following trade types:

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

Assets

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

Comission

No
No

Located In

London, United Kingdom Gibraltar, European Union

Email

support@porterfinance.com support@cherrytrade.com
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Deposit Options

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

Trading Accounts

Porter Finance offers the following trading accounts:

Starter Package – 1000 starting investment

  • 20% bonus
  • Ebook
  • Daily market reviews
  • Educational videos
  • Webinars

Silver Account – 5000 starting investment

  • 30% bonus
  • Daily market reviews
  • 1 risk free trade
  • 1 academy session
  • weekly signals
  • webinars

Gold Account – 10,000 starting investment

  • 45% bonus
  • Daily market reviews
  • 3 Risk Free Trades
  • 3 Training Sessions
  • Live webinars
  • Daily signals
  • Dedicated broker

Platinum Account – 25,000 starting investment

  • 60% bonus
  • Daily market reviews
  • 5 risk free trades
  • 5 training sessions
  • Live webinars
  • Daily signals
  • Dedicated broker and managed account
  • Same day withdrawals
  • Money management system

Diamond Account – 50,000 starting investment

  • 80% bonus
  • Daily market reviews
  • 10 risk free trades
  • Academy VIP membership
  • Live webinars
  • Daily signals
  • Dedicated broker and managed account
  • Money management system
  • Expedited withdrawals

Royal Account – 100,000 starting investment

  • Upto 50% insured account + bonus
  • Academy VIP membership + personal coach
  • Live webinars
  • Daily signals
  • Dedicated broker and account manager
  • Money management system
  • Expedited withdrawals
  • Exotic vacation of your choice

Corporate Account

  • Contact a senior account manager for more information

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

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

Place Trades Over Phone

No
Yes

Withdrawal Options:

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

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

Phone

+44-2035192532 917-775-0324

Payout ratios

Porter Finance offers payout up to 83%.

CherryTrade offers payout up to 85%.

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English
Customer Service Hours: Porter Finance's customer service hours are 06:00 GMT to 23:00 GMT.
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

Payouts Percentage

83%

85%

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In the event you continue having doubts about which service will perform best for your company it may be a good idea to examine each service’s social metrics. These metrics are quite often a way to see how popular a given app is and how extensive is its online presence.For instance, if you look at CherryTrade LinkedIn profile you’ll find out that they are followed by 0 users. In case of Porter Finance the number of followers on their LinkedIn page is 0.