MENU
GET LISTED
GET LISTED
SHOW ALLPOPULAR CATEGORIES

Product CherryTrade vs. OptionFair

Choosing the best binary option trading srevice for your company is complicated with so many functions, options, and offers to check. However, using our review directory will help you to cut down the selection process by getting all key providers in one place. As an illustration, you can contrast OptionFair and CherryTrade for their functions and overall scores, namely, 8.1 and 8.1, respectively. Likewise, you can compare which service has superior general user satisfaction rating: 71% (OptionFair) and 100% (CherryTrade) to determine which service is better. Don’t just start using the service with the most attractive minimum deposit, but the service that has the most cost-effective value.

Product

CherryTrade

VS

OptionFair

VS

Our Score

Our Score

8.1 ?

Our Score

8.1 ?

Client Experience

Client Experience

100% ?

Client Experience

71% ?

Minimum Deposit

$200

$200

Accepts US Clients

Advertising

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.

The trading platform provided by OptionFair is created by OptionFair’s sister company called TechFinancials. The platform has been created with a goal to offer the optimal interface and tools for binary options trading. The platform itself supports a wide range of financial instruments as well as assets. The team of TechFinancials has developed a series of complex pricing algorithms, which enables them offer the tech that can power an unmatched range of financial instruments. TradeFinancials platform is managed by experts in binary options trading who use their knowledge and experience to make sure you can invest and trade safely and effectively.

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

Assets

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

Payouts Percentage

85%

85%

Email

support@cherrytrade.com customercare@optionfair.com

Deposit Options

Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill MoneyGram, Credit Card, Debit Card, Bank Wire Transfer, Western Union, Moneybookers

Place Trades Over Phone

Yes
No
Advertising

Phone

917-775-0324 0044 203 5190373

Comission

No
No

Located In

Gibraltar, European Union British Virgin Islands

Payout ratios

CherryTrade offers payout up to 85%.

Returns can go as high as 85%. You can get a 10% to 15% refund for losing trades.

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: Tech Financials
Platform Languages: English, Spanish, German, French, Chinese, Italian, Turkish, Arabic, Swedish
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Trade Types

CherryTrade offers the following trade types:

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

OptionFair offers the following trade types:

  • High / Low Instrument: It allows you to decide if the price of an asset will go up or down
  • One Touch Instrument: Here you can choose if the price of an asset will touch a specific target price.
  • Boundary: It lets you choose if a given asset price is going to stay withing a given price range.
  • Short Term: It supports quick 60 second, 2 minute or 5 minute trades available with the with the short term option.

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

OptionFair offers five types of trading accounts:

Standard: Initial deposit is $250, up to 20% bonus

  • Additional profit is 0%
  • Binary Opitons eBook
  • Introductory financial expert session
  • 17 video tutorials
  • Minimum trade amount is 25 $/€/£

Silver: Initial deposit is $500, up to 40% bonus

  • Additional profit is 1%
  • Binary Opitons eBook
  • Daily Overview
  • 1 financial expert session per month
  • 31 video tutorials
  • Minimum trade amount 25 $/€/£

Gold: Initial deposit is $2,000, up to 60% bonus

  • Additional profit is 2%
  • Binary Opitons eBook
  • Daily Overview
  • 2 financial expert session per week
  • 44 video tutorials
  • Minimum trade amount 100 $/€/£

Platinum: Initial deposit is $15,000, up to 80% bonus

  • Additional profit is 4%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • 51 video tutorials
  • Minimum trade amount 200 $/€/£

VIP: Initial deposit is $50,000, up to 100% bonus

  • Additional profit is 6%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • Unlimited trading strategies
  • 51 video tutorials
  • Minimum trade amount 500 $/€/£

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
Customer Support Languages: English, Spanish, French, Italian, Arabic
Customer Service Hours: OptionFair provides a full 24/7 customer service
Place Trades Over the Phone?: No

Withdrawal Options:

Credit Card, Debit Card, Bank Wire Transfer, CashU, Skrill Credit Card, Bank Wire Transfer, Western Union, Moneybookers
Advertising

Compare Products

Compare with FMTrader
Compare with First Binary Option Service
Compare with MarketsWorld
Compare with 365BinaryOption
Compare with RBinary
Compare with HY Options
Compare with GTOptions
Compare with 365Trading
Compare with uBinary
Compare with Finpari
Compare with Market Punter
Compare with Tradorax
Compare with SuperOptions
Compare with BigOption
Compare with AAoption
Compare with OptionBit
Compare with RBinary
Compare with Stockpair
Compare with Finpari
Compare with IvoryOption

Page last modified

If you continue having doubts about which software will be best for your business it might be a good idea to check out each service’s social metrics. Such metrics are quite often an indicator of how popular every product is and how large is its online presence.For instance, if you check OptionFair LinkedIn account you’ll learn that they are followed by 0 users. In case of CherryTrade the volume of followers on their LinkedIn page is 0.