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Compare IQ Option vs CherryTrade

What is better IQ Option or CherryTrade?

Getting the right binary option trading srevice for your organization is hard with a lot of features, options, and offers to take note of. However, relying on our review platform will help you to cut down the selection process by getting all crucial brokers in one location.

For instance, you can contrast IQ Option and CherryTrade for their functions and overall scores, in this case, 8.5 and 8.1, respectively. Furthermore, you can see which service has superior general user satisfaction rating: 99% (IQ Option) and 100% (CherryTrade) to determine which one is the better option. Don’t simply choose the service with the lowest minimum deposit, but the one that gives the best value.

Users who want to save some time or want a Binary Options Brokers advice from our experts may want to take a look at these top choices for this year: GTOptions, IQ Option, OneTwoTrade.

SmartScore™

OUR SCORE 8.5

User Satisfaction

CUSTOMER EXPERIENCE 99%

Minimum Deposit

$10

Accepts US Clients

No

Comission

No

Place Trades Over Phone

No

Located In

Cyprus

Trade Types

You can choose between the classic High/Low binaries and the faster Turbo trade feature.

Deposit Options

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

Payout ratios

Returns can go as high as 92%.

Platform

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

Trading Accounts

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

Payouts Percentage

92%

Withdrawal Options

Webmoney

Assets

Oil, Gold, Indices, Stocks, Commodities

Available Support

email

phone

live support

training

tickets

General Info

IQ Option has used the latest technologies to create a trading platform that gives its clients an easy, smooth, and fun trading experience.

Company Email

support@iqoption.com

Contact No.

SmartScore™

OUR SCORE 8.1

User Satisfaction

CUSTOMER EXPERIENCE 100%

Minimum Deposit

$200

Accepts US Clients

No

Comission

No

Place Trades Over Phone

Yes

Located In

Gibraltar, European Union

Trade Types

CherryTrade offers the following trade types:

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

Deposit Options

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

Payout ratios

CherryTrade offers payout up to 85%.

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

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

Payouts Percentage

85%

Withdrawal Options

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

Assets

Forex, Indices, Stocks, Commodities

Available Support

email

phone

live support

training

tickets

General Info

CherryTrade is one of the leading binary options brokers in the industry with a high payout of 85%.

Company Email

support@cherrytrade.com

Contact No.

It may not always be enough to just compare IQ Option and CherryTrade with one another. Although useful tools, pricing and user experience are all crucial and should be considered when making a final choice, you should also take a look at the recognition and awards won by each solution. Frequently a less popular product may turn out to be a great choice that was distinguished with SaaS awards such as our Great User Experience Award which reveals that despite limited market presence it’s a significant contender to the apps that rule the market.

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