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Software CherryTrade vs. Tradorax

Getting the right binary option trading srevice for your company is complicated with various features, options, and terms to consider. But, depending on our review directory will allow you to simplify the necessary steps by getting all key providers in one place. As an illustration, you can contrast Tradorax and CherryTrade for their tools and overall scores, in this case, 8.1 and 8.1, respectively. Likewise, you can see which service has better general user satisfaction rating: 100% (Tradorax) and 100% (CherryTrade) to determine which service is the better option. Don’t simply pick the solution with the most attractive minimum deposit, but the platform that gives the most cost-effective value.

Software

CherryTrade

VS

Tradorax

VS

Total Score

Our Score

8.1 ?

Our Score

8.1 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

100% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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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.

Tradorax uses the TechFinancials trading platform which supports informative charts, long term and short term expiry, and a wide range of assets in one package. The platform is 100% web-based, user-friendly, and you do not need to download any software to start trading. With a simple internet connection you can invest in binary options from anywhere in the world.

The Tradorax trading platform enables you to trade on High Low, Boundary, One Touch, and Short Term options. You can get returns as high 85% for EUR/USD options.

One of the preferred option types is the boundary option. This option can be used in both volatile markets as well as quiet trading conditions. Tradorax also offers an Android app for mobile trading.

Place Trades Over Phone

Yes
No

Comission

No
No

Payout ratios

CherryTrade offers payout up to 85%.

Tradorax offers up to 85% return.

Email

support@cherrytrade.com support@tradorax.com

Assets

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

CherryTrade offers the following trade types:

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

Tradorax offers the following trade types:

  • High/Low
  • Touch/No Touch
  • Boundary
  • 60 Second Trades

Withdrawal Options:

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

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: TechFinancials
Platform Languages: English, German, Russian, Arabic
OS Compatibility: iOS, Windows, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: 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

Tradorax offers four types of accounts:

Mini: $250 – $499

  • Web/mobile platform
  • Education center access
  • Personal broker – 1 per week
  • Lessons 1-2

Silver: $500 – $4,999

  • Web/mobile platform
  • Education center access
  • 2% extra for every trade
  • Personal broker – 2 per week
  • Lessons 1-2
  • Lessons 3-4
  • Signal group
  • 0.5% cash back

Gold: $5,000 – $9,999

  • Web/mobile platform
  • Education center access
  • 3% extra for every trade
  • Personal broker – 3 per week
  • Lessons 1-2
  • Lessons 3-4
  • Lessons 5-6
  • Signal group
  • 1% cash back
  • 1 risk free trade per month

VIP: $10,000+

  • Web/mobile platform
  • Education center access
  • 4% extra for every trade
  • Personal broker – 4 per week
  • Lessons 1-2
  • Lessons 3-4
  • Lessons 5-6
  • Lessons 7-8
  • Signal group
  • 2% cash back
  • 2 risk free trades per month

Phone

917-775-0324 442031500446

Deposit Options

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

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

Payouts Percentage

85%

85%

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, German, Russian, Arabic
Customer Service Hours: Tradorax provides 24-hour customer support.
Place Trades Over the Phone?: No
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Every time you choose a product that you think will be an actual asset for your business you shouldn’t only focus on what experts have to say about it. Quite frequently personal experience with the service may be different, depending on your own preferences and needs. That’s why in our reviews we also offer our User Satisfaction Rating for each software to give you a reliable overview of how actual users of Tradorax and CherryTrade rate their experience with the solution. Our algorithm is built around advanced analysis of product mentions on other sites, social networks and blogs, so you are going to get a comprehensive and credible picture of what other clients think about every solution. In this case Tradorax has a total satisfaction rating at 100% while for CherryTrade 100% of people claim they had an enjoyable experience with it.