Pocket Option vs Quotex

Which One is Better? Pocket Option vs Quotex

Are you looking for a reliable binary options broker? With so many options out there, it can be tough to decide which one is the right fit for you. In this article, we’ll compare two popular platforms – Pocket Option and Quotex. From their history and regulation to trading platforms and special features, we’ll cover all the important factors that will help you make an informed decision. So buckle up and get ready to dive into the world of binary options trading!

	Winner
Broker Name	Pocket Option	Quotex
Founded	2017	2020
Regulation	IFMRRC
Demo
Min. Deposit	$10	$10
Min. Investment	$1	$1
Max. Investment	$1000	$1000
Instruments	Binary Options, Forex	Binary Options
Assets	+100	+40
Available On:	Web, Android, iOS	Web, Android
	Visit Pocket Option	Visit Quotex

History

When it comes to choosing a binary options broker, their history can play an important role in determining trustworthiness. Pocket Option was founded in 2017 and since then has gained popularity among traders for its user-friendly platform and excellent customer support.

Quotex, on the other hand, is a relatively new player in the market having launched just recently in 2020. Despite being a newcomer, Quotex has quickly made a name for itself with its innovative trading features and speedy transactions.

Both brokers have shown remarkable growth over time but differ significantly when it comes to their years of operation. Nonetheless, both platforms are considered reliable by many traders around the world due to their respective strengths in different areas of trading.

Ultimately, while history plays an essential role when selecting a broker, factors such as regulation and platform functionality should also be considered before making any investment decisions.

Regulation

When it comes to choosing a binary options broker, one of the most important factors to consider is regulation. It’s crucial for traders to work with regulated brokers that can provide a secure and safe trading environment.

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which ensures transparency and fairness in financial markets. Additionally, Pocket Option ensures compliance with anti-money laundering regulations.

Quotex, on the other hand, operates under an offshore registration from Saint Vincent and Grenadines. This means that Quotex is not subject to strict regulatory supervision like Pocket Option.

It’s worth noting that while some traders may prefer working with regulated brokers like Pocket Option due to added security measures, others may find fewer restrictions with Quotex more appealing. Ultimately, it’s up to individual traders to determine what they value most when choosing between these two brokers.

Trading Platform

When it comes to binary options trading, the platform you choose can make all the difference. That’s why it’s important to take a close look at both Pocket Option and Quotex when comparing their trading platforms.

Pocket Option offers a user-friendly platform that is easy to navigate and customize. Traders have access to several types of charts and indicators, as well as multiple timeframes for analysis. Additionally, traders can use features like social trading and automated bots on this platform.

On the other hand, Quotex provides its users with an intuitive platform that allows them to see all their trades in one place. The charting system is also customizable with various technical indicators available for analysis.

Both platforms provide similar trade execution times of around 1 second or less. However, Pocket Option has an advantage over Quotex when it comes to mobile accessibility since they offer both iOS and Android applications which are not available on Quotex yet.

While both Pocket Option and Quotex offer great platforms for binary options trading, Pocket Option stands out due to its more comprehensive range of features including copy-trading capabilities which are currently unmatched by any competitors in the industry.

Assets

When choosing a binary options broker, one important factor to consider is the selection of assets available for trading. Pocket Option and Quotex differ in terms of their asset offerings.

Pocket Option offers over 100 assets including forex pairs, cryptocurrencies, stocks, indices and commodities. This diverse range allows traders to choose from a variety of markets depending on their interests and expertise.

On the other hand, Quotex has a smaller selection with around 30 assets available for trading. However, they do offer some unique instruments such as volatility indexes that can provide interesting opportunities for experienced traders.

It’s important to note that both platforms have user-friendly interfaces which allow easy access to information about each asset including its current price chart and relevant news articles.

While Pocket Option may have an edge when it comes to diversity of assets offered for trading purposes, Quotex may appeal more strongly to those looking for alternative investment options beyond traditional forex or stock trading.

Deposit & Withdrawal

When choosing a binary options broker, one of the most important factors to consider is the deposit and withdrawal methods offered by the platform. In this regard, both Pocket Option and Quotex offer their users various options to fund their accounts and withdraw their profits.

Pocket Option allows its clients to make deposits using credit/debit cards, e-wallets like Perfect Money, WebMoney and Yandex.

Quotex offers fewer deposit options compared to Pocket Option. Clients can use e-wallets to make deposits while withdrawals are processed via the same methods used for depositing funds.

It’s worth noting that Quotex doesn’t require verification when you’re making deposits with cryptocurrencies whereas Pocket Option does. Additionally, with Quotex you can access services in countries where it isn’t officially available by using VPN connections.

Both platforms have fairly good payment systems but if more flexibility is your preference then we would recommend going for Pocket option due to its wider range of accepted payment providers especially for cryptocurrency transactions which are fast becoming mainstream across many industries including finance.

Bonuses

When it comes to choosing a binary options broker, bonuses can be an important factor in the decision-making process. Both Pocket Option and Quotex offer various bonuses to their clients.

Pocket Option offers a generous welcome bonus for new traders, which ranges from 50% to 100% of the initial deposit amount. They also have ongoing promotions such as cashback rewards and trading contests with prizes up to $10,000.

Quotex, on the other hand, has a loyalty program where traders can earn points for every trade they make. These points can then be redeemed for cash or used to unlock exclusive features like advanced signals and educational materials.

It’s worth noting that both brokers have specific terms and conditions attached to their bonuses, so it’s important to read them carefully before accepting any offer. Additionally, some countries may not be eligible for certain bonuses due to regulatory restrictions.

Ultimately, while both Pocket Option and Quotex offer enticing bonuses for their clients, it’s important for traders to weigh these incentives against other factors such as regulation and trading platform suitability when making their final decision.

Special Features

When it comes to binary options trading, having access to special features can make all the difference. In this section, we will compare Pocket Option and Quotex’s special features.

Pocket Option stands out for its copy trading feature. This allows traders to automatically copy the trades of other successful traders in real-time. By choosing a trader with a proven track record, users can increase their chances of making profitable trades.

On the other hand, Quotex offers great signals that provide insight into market trends and potential opportunities. These signals are generated by experienced analysts who constantly monitor market data and use advanced algorithms to predict future price movements.

Both brokers offer valuable special features that cater to different trading styles. Copy trading may appeal more to those who want an easy way to replicate successful strategies while signal services may be best suited for those who prefer a more hands-on approach.

When deciding between Pocket Option vs Quotex based on their special features alone, it ultimately depends on individual preferences and goals as a trader.

Where are they available?

When choosing a binary options broker, it’s important to consider the availability of their services. Pocket Option is available worldwide, making it accessible for traders from all parts of the world. On the other hand, Quotex doesn’t provide services in several countries such as USA, Canada, Japan, Syria, Sudan and Iran.

Additionally, Quotex also doesn’t offer its services in Israel or Australia and some European Union countries. However, don’t let this discourage you if you live in any of these countries! With VPN access and cryptocurrenncies without verification depositing methods provided by Quotex , you can still access their trading platform.

Using a Virtual Private Network (VPN) allows users to change their IP address location to a different country where brokers like Quotex are allowed to operate. This means that even if you reside in one of those restricted countries mentioned earlier, with VPN access you can enjoy using the platform like everyone else does.

Finally,Cryptocurrencies have been gaining prominence recently due to anonymity concerns which makes them an attractive option for online transactions like deposits on online trading platforms. By allowing cryptocurrency deposits without verification requirements such as KYC/AML procedures or credit card details at stake ,Quotex has made sure that every trader who wishes can indeed join its trading family regardless of geographical boundaries .

How to choose binary options broker?

Choosing the right binary options broker is crucial to your success in trading. Here are a few factors to consider when making your decision:

1. Look for regulation: Always choose a broker that is regulated by a reputable authority, such as CySEC or FCA.

2. Check out their trading platform: The platform should be user-friendly and offer all the features you need to trade effectively. A demo account can also help you test out the platform before committing real money.

3. Consider available assets: Make sure the broker offers a wide range of assets that suit your trading style and preferences.

4. Payment methods: Check which payment methods are available and make sure they’re convenient for you.

5. Reputation: Look at reviews from other traders to get an idea of how reliable and trustworthy the broker is.

By taking these factors into consideration, you’ll be able to find a binary options broker that meets your needs and helps you achieve success in trading!

Conclusion

After comparing Pocket Option and Quotex, it is clear that both platforms have their own unique features. However, when looking at the overall picture, Pocket Option stands out as the better choice.

Firstly, Pocket Option has a more extensive range of assets available for trading than Quotex. This provides traders with greater flexibility in choosing what to invest in. Additionally, the platform also offers copy trading which is a great feature for beginners who want to learn from experienced traders.

Secondly, while both platforms offer deposit and withdrawal methods using cryptocurrencies without verification, only Pocket Option is available worldwide. On the other hand, Quotex does not provide services in some countries such as USA, Canada and Australia among others.

Although Quotex offers good signals for traders to use in their trades; it still falls short compared to Pocket Option’s user-friendly interface and regulation.

Therefore if you’re looking for an overall better binary options broker option between these two choices – then we recommend going with Pocket Option due its wider availability globally along with its superior features set!