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Comparison CherryTrade vs. OptionsXO

Selecting the most appropriate binary option trading srevice for your company is complicated with a lot of functions, options, and terms to choose from. However, using our review platform will help you to streamline the selection process by getting all key providers in one location. As an illustration, you can contrast OptionsXO and CherryTrade for their tools and overall scores, namely, 8.0 and 8.1, respectively. Furthermore, you can see which broker has higher general user satisfaction rating: 100% (OptionsXO) and 100% (CherryTrade) to determine which service is the better option. Don’t simply choose the platform with the most attractive minimum deposit, but the one that gives the most cost-effective value.

Comparison

CherryTrade

VS

OptionsXO

VS

Our Score

Our Score

8.1 ?

Our Score

8.0 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

100% ?

Minimum Deposit

$200

$199

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.

Traders using OptionsXO will be able to enjoy the advantages of a reliable trading platform developed by Tech Financials. It offers a wide range of useful features, such as live data feed and advanced charts. It’s possible to quickly find all the key elements on the front panel of the platform, so if you need fast access to data there’s no need for time-consuming tab switching. You can quickly find the analysis tools as well as the latest news in the market and the list of open positions.

Crucial features of the platform include early closure, double up, roll over and high yield. Thanks to the early closure feature you are able to close a position before the contract expires. The double up feature lets you double your investment original amount. It is also possible to make use of the rollover feature to extend the expiry time of an option. Finally, you can use the roll over feature once for each option. OptionsXO also offers a reliable mobile trading platform.

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, Russian, Japanese, Italian, Turkish, Arabic, Dutch, Swedish
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No

Email

support@cherrytrade.com affiliates@optionsxo.com

Place Trades Over Phone

Yes
No

Phone

917-775-0324 44-2034045709

Assets

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

Withdrawal Options:

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

No
No

Located In

Gibraltar, European Union United Kingdom

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

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, German, French, Russian, Japanese, Italian, Turkish, Arabic, Dutch, Swedish
Customer Service Hours: OptionsXO offers a full 24/7 customer support for its clients.
Place Trades Over the Phone?: No

Deposit Options

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

Payout ratios

CherryTrade offers payout up to 85%.

Typical returns are high as 89%. High yield options can pay as much as 360%. You can also get rebates up to 15% for losing trades.

Trade Types

CherryTrade offers the following trade types:

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

OptionsXO offers seven trade types:

  • One Touch Options
  • One Touch High Yield Options
  • Classic High/Low Options
  • Boundary Options
  • Boundary High Yield Options
  • Above/Below Options
  • 60 Second Options

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

OptionsXO provides several efficient account types that can be easily adjusted to your preferences and needs. If you decide on a premium account you can also count on a variety of bonus features and services meant to make your trading experience even more enjoyable. The following account types are available:

MINI: minimum deposit of $250

  • Full access to trading platform
  • Commission Free
  • Access to all instrument types
  • Access to all trading assets
  • 24 hour support and assistance

SILVER: minimum deposit $2,000

  • An additional 2% return on every trade
  • Commission Free
  • Free Access to OptionsXO learning center
  • 24 hour support and assistance
  • Free trading support from market analysts and experts

GOLD: minimum deposit $5,000

  • An additional 3% return on every trade
  • Commission Free
  • Free Access to OptionsXO learning center
  • 24 hour support and assistance
  • Free trading support from market analysts and experts

PLATINUM: minimum deposit $10,000

  • An additional 4% return on every trade
  • Commission Free
  • Free Access to OptionsXO learning center
  • 24 hour support and assistance
  • Free trading support from market analysts and experts

Payouts Percentage

85%

89%

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No Binary Options Brokers will be able to solve all the needs of a business. Though key functionalities of OptionsXO and CherryTrade are obviously a priority you should also carefully analyze the integrations offered by a given app. Quote frequently your team will already be using various kinds of B2B software in your company and it’s much better to opt for apps that integrate well with one another. With that approach you can guarantee a smooth exchange of information between your teams and software used, which can significantly reduce time spent on migrating between one app and the next.