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Comparison CherryTrade vs. GTOptions

Choosing the right binary option trading srevice for your business is complicated with various functions, choices, and offers to consider. On the other hand, depending on our review platform will make it possible for you to simplify the necessary steps by getting all key brokers in one location. As an illustration, you can compare GTOptions and CherryTrade for their features and overall scores, in this case, 8.8 and 8.1, respectively. Similarly, you can compare which broker has better general user satisfaction rating: 100% (GTOptions) and 100% (CherryTrade) to determine which solution is the better choice. Don’t simply choose the solution with the most attractive minimum deposit, but the platform that offers the best value.

Comparison

CherryTrade

VS

GTOptions

VS

Our Score

Our Score

8.1 ?

Our Score

8.8 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

100% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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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.

GTOptions uses the SpotOption trading platform which is a reliable web-based platform that is also used by other top binary options brokers. The platform’s top row of tabs shows the different types of trades offered. The second row of tabs shows the assets offered for trading. The red and green colored buttons show the directions of the options, eliminating the chances of a wrong trading input. On the right of the platform you can see return percentages in large numbering.

Place Trades Over Phone

Yes
No

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

917-775-0324 +44-20-3608-6622

Comission

No
No

Located In

Gibraltar, European Union Cyprus

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

GTOptions offers five types of trading accounts:

  • Mini – $250-499 with 50% bonus
  • Standard – $500-999 with 50% bonus
  • Executive – $1000-4999 with 100% bonus
  • Gold – $5000-9999 with 100% bonus
  • Platinum – $10,000+ with 100% bonus
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Trade Types

CherryTrade offers the following trade types:

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

GTOptions offers four main trade types:

  • Up/Down Binary Options: Simplest type as you only need to focus on the direction of the price movement.
  • Touch Options: For trades where you are relatively sure about the direction of the price movements but not their sustainability.
  • Option Builder: You can customize the trades to suit your trading style.
  • 60 Seconds Options: Fast paced option that is ideal for scalping trading strategies.

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 TRAINING
TICKETS
Customer Support Languages: English, Spanish, German, French, Russian, Chinese
Customer Service Hours: 24/7
Place Trades Over the Phone?: No

Deposit Options

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

Payouts Percentage

85%

81%

Payout ratios

CherryTrade offers payout up to 85%.

GTOptions offers one of the highest return ratios in the industry. Depending on the asset type, average returns range from 70% to 90%. One Touch options can yield returns up to 540%.

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: Spanish, German, French, Russian, Chinese, Japanese
OS Compatibility: Mac OS, Windows, Linux, Android
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Withdrawal Options:

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

Email

support@cherrytrade.com support@gtoptions.com

Assets

Forex, Indices, Stocks, Commodities Metals, Oil, Indices, Stocks
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When you compare various Binary Options Brokers services you shouldn’t just study their list of features and available pricing plans. Consider that the solution must be matching your needs and team so the more flexible their offer the better. Find our which systems are supported by GTOptions and CherryTrade and ensure you will get mobile support for whatever devices you work on in your company. It may also be a good idea to find out which languages and countries are supported, because this may be a deal breaker for many firms.