MENU

FinancesOnline

GET LISTED
GET LISTED
SHOW ALLPOPULAR CATEGORIES

Software CherryTrade vs. IQ Option

Selecting the most appropriate binary option trading srevice for your company is difficult with a lot of features, options, and offers to check. However, depending on our website will help you to streamline the necessary steps by showing all crucial brokers in a single location. As an illustration, you can contrast IQ Option and CherryTrade for their features and overall scores, namely, 8.5 and 8.1, respectively. Furthermore, you can compare which broker has higher general user satisfaction rating: 99% (IQ Option) and 100% (CherryTrade) to determine which service is better. Don’t just choose the service with the lowest minimum deposit, but the solution that gives the best value.

Software

CherryTrade

VS

IQ Option

VS

Our Score

Our Score

8.1 ?

Our Score

8.5 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

99% ?

Minimum Deposit

$200

$10

Accepts US Clients

Advertising

Detailed 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.

IQ Option’s trading platform differs from most generic platforms. Asset selection is done using a tab system placed on top of the price chart. A drop-down list placed on the right side of the tabs offers more assets.

There are action buttons for the option types (Call/Put) you want to buy. IQ Option offers predefined amounts such as $10, $20, etc. that you can choose. Alternatively, you can also key in the amount in the amount box. The personal cabinet section shows your banking transactions and trading history. It also hosts the customer support option. The trading platform also supports mobile trading with iOS and Android apps.

Assets

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

Email

support@cherrytrade.com support@iqoption.com

Withdrawal Options:

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

Comission

No
No

Payouts Percentage

85%

92%

Advertising

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

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

IQ Option offers a free demo account and two types of trading accounts:

Real: Minimum deposit is $10

  • Bonuses up to 80% on each deposit
  • Up to 45% return in case of a wrong prediction
  • Over 70 assets

VIP: Minimum deposit is $1000

  • Bonuses up to 100% on each deposit
  • Up to 60% return in case of a wrong prediction
  • Over 70 assets

Payout ratios

CherryTrade offers payout up to 85%.

Returns can go as high as 92%.

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: In-house
Platform Languages: English, Spanish, Russian, Chinese, Arabic
OS Compatibility: Mac OS, Windows, Android
Streaming News Feed: No
Email Alerts: Yes
Mobile Alerts: Yes

Located In

Gibraltar, European Union Cyprus

Phone

917-775-0324 74956680633

Deposit Options

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

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.
TICKETS
Customer Support Languages: English, Spanish, Russian
Customer Service Hours: IQ Option offers customer support from 9:00 AM to 11:00 PM
Place Trades Over the Phone?: No

Place Trades Over Phone

Yes
No

Trade Types

CherryTrade offers the following trade types:

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

You can choose between the classic High/Low binaries and the faster Turbo trade feature.

Advertising

Compare Products

Compare with Winoptions
Compare with GTOptions
Compare with PlusOption
Compare with Nordex Trading
Compare with BinaryBook
Compare with Market Punter
Compare with CTOption
Compare with eXbino
Compare with OptionRally
Compare with GrandOption
Compare with CTOption
Compare with MarketsWorld
Compare with eXbino
Compare with First Binary Option Service
Compare with 99Binary
Compare with HY Options
Compare with Winoptions
Compare with Option FM
Compare with Magnum Options
Compare with Redwood Options

Page last modified

The software compared on this page are merely a small part of our complete Binary Options Brokers category and you should take into account that there might be more desirable services available. If you would like to guarantee you make the wisest choice for your company we definitely encourage you to test more apps first. It may also be a good idea to consult our top 10 Binary Options Brokers ranking to see which apps are at the moment the best ones and dominate the market.