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Software CherryTrade vs. IQ Option

Getting the right binary option trading srevice for your business is complicated with so many functions, choices, and offers to choose from. But, relying on our review directory will help you to cut down the necessary steps by showing all key providers in one location. For example, you can contrast IQ Option and CherryTrade for their tools and overall scores, in this case, 8.5 and 8.1, respectively. Similarly, you can see which broker has superior general user satisfaction rating: 99% (IQ Option) and 100% (CherryTrade) to learn which service is better. Don’t simply start using the service with the lowest minimum deposit, but the solution that has the most cost-effective value.

Software

CherryTrade

VS

IQ Option

VS

Score

Our Score

8.1 ?

Our Score

8.5 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

99% ?

Minimum Deposit

$200

$10

Accepts US Clients

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Complete 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.

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.

Assets

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

Located In

Gibraltar, European Union Cyprus

Payout ratios

CherryTrade offers payout up to 85%.

Returns can go as high as 92%.

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

Withdrawal Options:

Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill Webmoney
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Place Trades Over Phone

Yes
No

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

Payouts Percentage

85%

92%

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@cherrytrade.com support@iqoption.com

Deposit Options

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

Comission

No
No

Phone

917-775-0324 74956680633

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
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No Binary Options Brokers will manate to cater to all the requirements of a specific team. Even though main features of IQ Option and CherryTrade are obviously a priority you should also thoroughly study the integrations provided by a given software. In many cases you will already be using various kinds of SaaS software in your company and it’s definitely wiser to choose solutions that integrate well with one another. If you do that you will be able to be certain of a smooth transfer of data between your teams and apps, which can really reduce time spent on migrating between one service and the next.