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Comparison CherryTrade vs. Option FM

Selecting the most appropriate binary option trading srevice for your company is hard with so many features, choices, and terms to take note of. But, using our website will make it possible for you to streamline the selection steps by reading all major providers in a single place. As an illustration, you can match Option FM and CherryTrade for their features and overall scores, in this case, 8.0 and 8.1, respectively. Similarly, you can see which provider has better general user satisfaction rating: 98% (Option FM) and 100% (CherryTrade) to find out which one is better. Don’t simply pick the platform with the lowest minimum deposit, but the solution that has the best value for your money.

Comparison

CherryTrade

VS

Option FM

VS

Total Score

Our Score

8.1 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

98% ?

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.

Option.FM uses the SpotOption trading platform which is innovative yet user-friendly, and offers a wide range of proprietary features. The platform makes it simple for both novices as well as experienced traders to manage risk and make informed trades. It boasts 24/7 uptime and enables traders to fine-tune every detail of their trades.

Option.FM excels in offering a wide selection of assets for traders to choose from. This broker offers more than 200 popular assets from which brokers are certain to find familiar ones that they can trade successfully. Options include major indices, commodities, stocks, and currency pairs.

Assets

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

Email

support@cherrytrade.com cs@option.fm

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

Withdrawal Options:

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

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

Option.FM offers seven types of trading accounts:

Newbie – 250+

  • Trading Manual

Start-Up – 2,500+

  • Trading Manual
  • OFM Rewards Access
  • Trading Packages
  • 1 Educational Session

Entrepreneur – 5,000+

  • All features in Start-Up plan
  • 2 Educational Sessions
  • 3 Protected Trades

Top Exec – 10,000+

  • All features in Entrepreneur plan
  • 3 Educational Sessions

CEO – 25,000+

  • All features in Top Exec plan
  • Class B Trades
  • Class A Trades
  • 4 Education Sessions
  • Enhanced Return on Investments

Financier – 40,000+

  • All features in CEO plan
  • 4+ Education Sessions
  • Suited Trading Portfolio

Mogul – 100,000+

  • All features in Financier plan
  • Unlimited Education Sessions
  • Vacation Packages

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
Customer Support Languages: English, Spanish, German, French, Russian, Italian, Arabic, Dutch
Customer Service Hours: Option.FM provides 24-hour customer support.
Place Trades Over the Phone?: No
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Trade Types

CherryTrade offers the following trade types:

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

Option.FM offers four trade types:

  • One Touch
  • 60 Seconds
  • Long Term
  • Binary Options

Place Trades Over Phone

Yes
No

Payouts Percentage

85%

91%

Payout ratios

CherryTrade offers payout up to 85%.

Option.FM offers returns up to 91%.

Located In

Gibraltar, European Union Belize

Deposit Options

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

Comission

No
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: SpotOption
Platform Languages: English
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

Phone

917-775-0324 +44-207097326
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Both Option FM and CherryTrade were evaluated by a team of reliable SaaS experts who prepared a thorough analysis of all important elements of every service. Their ultimate rating was calculated with unique SmartScore model which calculates an individual partial score to every factor like: main features, customer support, mobile support, security, customer satisfaction as well as market presence. We know useful features are not the only thing essential to a company so we make sure we pay attention to all aspects of a solution prior to giving it a final rating.