IQ Option vs CherryTrade

IQ Option vs CherryTrade Review

IQ Option vs CherryTrade

The binary options trading business is expanding very fast and is attracting more and more people around the world. There are a lot of new broker companies on the market and it is not always easy to find the right broker. We are here to help you in that process. Our task is to analyze and inspect brokers – their platforms, security, offers and everything that may concern traders of all backgrounds. In this article we will compare two relatively new brokers that are making a great impact on the entire industry – it’s IQ Option vs CherryTrade.

IQ Option vs CherryTrade | Basics

Both of these brokers were founded recently (IQ was founded in 2013 and CherryTrade in 2014), but due to their quality they have managed to get a great reputation among experts and traders all over the world. As said in our IQ Option Review 2016, this company is based in Cyprus and it is regulated by CySEC. CherryTrade is registered in Gibraltar and it is not regulated. Being a regulated broker is an advantage because it offers more security to users. It means that a broker was confirmed by an independent body to be perfectly reliable, so this is a great advantage for IQ Option. Let’s see if CherryTrade can get back into the game.

IQ Option Account Types

IQ Option Account Types

IQ Option vs CherryTrade | Platform

CherryTrade has a standard SpotOption platform which is very common among popular binary options trading brokers. This platform looks similar to other SpotIOption platforms. On the other hand, IQ Option went with a unique platform. We spent a lot of time on both platforms and we can say that both of them offer good experience. Both platforms have top encryption technologies so users personal and financial data are safe. However, IQ Option’s platform is technologically much more advanced and is better in terms of design, so it’s much easier to use. Also, it’s more secure – IQ Option Scam Inspection found absolutely zero traces of suspicious behavior, meaning that this broker is completely safe.

IQ Option Trading Platform 4.0 Turbo

IQ Option Trading Platform 4.0 Turbo

IQ Option vs CherryTrade | Trading

CherryTrade has a pretty standard deal when it comes to minimum deposit – it is $200. Exactly that is the biggest difference between these two companies, because the other one requires only $10 minimum deposit and $1 minimum trade. While experienced users who trade with big sums can find this fact uninteresting, this is very important for new traders. This broker also offers a free demo account that has all the same features as a real money account. That way novice traders can learn everything they need to know about binary options trading without risking their money. With all that said, the winner of this IQ Option vs CherryTrade duel is clear.

IQ Option vs CherryTrade | Summary

After going through everything these companies have to offer, IQ Option is the clear winner of this IQ Option vs CherryTrade duel. They are fully regulated, have a better and technologically more advanced trading platform and, most importantly, have much lower financial requirements. All of this makes them a far better choice than their rival and we sincerely recommend you open an account with this company if you want to  experience binary options trading at its best. Do it now!

READ FULL IQ OPTION REVIEW HEREYOU SHOULD KNOW THIS BEFORE YOU START TRADING!

Author's overall rating:
Author: Mark Watson
Updated:

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