Pocket Option vs IQ Option

Which One is Better? Pocket Option vs IQ Option

Are you looking for the best binary options broker to start your trading journey? With so many options available, it can be overwhelming to choose one. That’s why we’re here to compare two popular platforms: Pocket Option and IQ Option. Both have their unique features and benefits that may suit different traders’ needs. In this blog post, we’ll dive into the comparison of Pocket Option vs IQ Option in terms of history, regulation, trading platform, mobile apps, assets, deposit & withdrawal methods, bonuses and special features. So buckle up and let’s dig deeper into these two top-tier binary options brokers!

History

Both Pocket Option and IQ Option are reputable binary options brokers with their own unique history. Pocket Option was established in 2017, making it a relatively new player in the industry. However, despite being new, it has already gained trust from traders worldwide due to its user-friendly platform and innovative features.

On the other hand, IQ Option has been around since 2013 and is considered one of the pioneers in binary options trading. The broker is headquartered in Cyprus but has global offices that cater to millions of traders across different countries.

One interesting thing about both these brokers is that they have won several awards over the years for their outstanding services. For instance, IQ Option was named “Most Innovative Binary Options Broker” at ShowFX World Moscow in 2014 while Pocket Option won “Best Binary Options Broker” at Forex Awards in 2020.

Each broker’s history shows their commitment to providing quality services to traders worldwide while keeping up with modern technology trends.

Regulation

Regulation is an essential factor to consider while choosing a binary options broker. Both Pocket Option and IQ Option are regulated brokers, but there are some differences in their regulatory bodies.

Pocket Option is owned by Gembell Limited, which is registered at Trust Company Complex Ajeltake Road, Ajeltake Island, Majuro Marshall Islands MH 96960 with the registration number 86967. The company operates under the laws of the Republic of the Marshall Islands. Pocket Option doesn’t have any regulation from financial authorities like CySEC or FCA.

On the other hand, IQ Option is regulated by two top-tier financial authorities – CySEC (Cyprus Securities and Exchange Commission) and FCA (Financial Conduct Authority). They regulate IQ Option’s activities throughout Europe and ensure that they follow strict rules regarding safety measures for traders’ funds.

While both brokers offer different levels of regulation, it’s important to note that being unregulated doesn’t necessarily mean a broker isn’t safe to use. However, having multiple regulations can provide additional assurance that you’re trading with a reputable broker who follows industry standards tightly.

Although both Pocket Option and IQ Options have different regulatory bodies governing their operations worldwide, each has its own set of guidelines to safeguard your investments when trading binary options online.

Trading Platform

When it comes to choosing a binary options broker, one of the most crucial things to consider is the trading platform. Both Pocket Option and IQ Option offer their traders user-friendly and intuitive platforms, but they differ in certain aspects.

Pocket Option provides its users with a web-based platform that can be accessed directly from any internet browser. The interface is well-designed and easy to navigate, allowing traders to execute trades quickly and efficiently. One unique feature of Pocket Option’s platform is the ability to customize charts according to personal preferences.

On the other hand, IQ Option offers both web-based and downloadable desktop platforms for Windows and MacOS. Their mobile app also has an excellent reputation among traders worldwide. The interfaces are sleek, modern-looking, packed with useful features like technical analysis tools, historical data charts as well as market news updates.

Both brokers facilitate social trading by providing access to trade ideas from other successful investors on their respective platforms. Overall when it comes down which trading platform you prefer will come down largely on personal preference – whether you want something more customizable or readily available across different devices- Make sure you try out both before settling on one!

Mobile Apps

Both Pocket Option and IQ Option offer mobile trading apps for their clients, allowing them to trade binary options on-the-go. The mobile apps of both brokers are available for both Android and iOS devices.

The mobile app of Pocket Option is user-friendly and easy to navigate, providing traders with access to all the features available on the desktop version. It allows users to view live charts and quotes, place trades, manage their accounts and access customer support through the app.

On the other hand, IQ Option’s mobile app has won multiple awards for its innovative design and usability. It offers a seamless trading experience with an intuitive interface that makes it easier for traders to analyze markets and trade from anywhere in the world.

One notable feature of IQ Option’s mobile app is that it provides push notifications when important market events occur, ensuring users never miss out on profitable opportunities.

Both brokers have excellent mobile apps that allow traders to stay connected with their accounts at all times.

Assets

Assets are the foundation of binary options trading, and it is essential to choose a broker that offers a diversified range of assets. Pocket Option and IQ Option offer different sets of tradable assets.

Pocket Option provides 100+ assets for traders to select from, including Forex pairs, stocks, cryptocurrencies, metals and commodities. This platform’s asset selection caters to all levels of traders’ experience.

On the other hand, IQ Option boasts over 300 tradable instruments across several categories such as Forex pairs, cryptocurrencies, ETFs (Exchange Traded Funds), indices and shares. It also features some exclusive digital options that enable users to trade on various market situations like volatility or flat markets.

Both platforms have unique features in their asset offerings; however, it would boil down to what type of trader you are before deciding which one suits your needs better. The number may not be everything if you’re only focused on specific instruments available at either Pocket option or IQ option.

In terms of currencies offered by both brokers- while Pocket Option has more exotic currency pairs compared with its rival company- many people prefer mainstream ones like USD/EUR/GBP – these can be found on both platforms without any issues.

Ultimately when choosing between these two brokers based on their asset offering alone- keep in mind what kind of trader you are first!

Deposit & Withdrawal

Deposit and withdrawal methods are crucial aspects to consider when choosing a binary options broker. Pocket Option offers various deposit and withdrawal methods, including credit/debit card, e-wallets such as WebMoney, Perfect Money and Yandex.

IQ Option also supports multiple payment options for depositing funds into your account. These include credit/debit cards like Visa or MasterCard, e-wallets such as Skrill or Neteller. You can also use bank transfers to deposit money on this platform.

Both brokers offer an easy-to-use interface for deposits and withdrawals with fast processing times. Keep in mind though that some payment methods may have fees attached depending on the method you choose.

It’s important to check your preferred payment option is available before signing up with either platform – especially if you live in countries where certain financial instruments or services may not be allowed.

Both Pocket Option and IQ Option provide similar payment options so it comes down to personal preference which one works best for you.

Bonuses

When it comes to bonuses, Pocket Option and IQ Option differ in their offerings. While Pocket Option provides traders with various bonuses, including a welcome bonus of up to 100%, IQ Option doesn’t provide any bonuses.

Pocket Option offers different types of bonuses for its traders, such as no deposit bonuses and deposit match bonuses. These incentives can be an attractive option for new traders who want to try out the platform or increase their trading capital.

However, before accepting any bonus offer from either broker, it is essential to read through the terms and conditions carefully. Some brokers have strict rules regarding withdrawing funds when a trader has accepted a bonus.

It’s important to remember that while a bonus may seem enticing at first glance, it shouldn’t be the sole reason for choosing a particular broker. Traders should also consider other factors such as regulation and trading platform features before making their decision.

While Pocket Option does offer various bonus options for its traders, IQ Option focuses on providing high returns and great tournaments instead of offering promotions or incentives.

Special Features

When it comes to special features, both Pocket Option and IQ Option offer their unique selling points. Pocket Option provides traders with signals and copy trading options for an enhanced trading experience.

Signals allow traders to receive alerts on market trends and movements, which can be very useful as they help keep up-to-date with the latest changes in the financial markets. Copy trading is also a great feature that allows traders to automatically copy trades from other successful traders.

On the other hand, IQ Option has its strengths too. The platform offers some of the highest returns in the industry which can go up to 95% per trade. Additionally, IQ Option’s tournaments are renowned for being fun and engaging while offering attractive prizes.

It all depends on what you value more – receiving signals or maximizing your returns through high payouts or participating in exciting tournaments that could potentially win you big prizes!

Where are they available?

One of the factors to consider when choosing a binary options broker is their availability in your country. Pocket Option and IQ Option have different restrictions when it comes to providing services in certain countries.

Pocket Option is available worldwide, which means traders from any part of the world can use their platform. This makes it easy for traders who travel frequently or live in countries where other brokers may not be available.

IQ Option, on the other hand, has several restrictions on its services. The company does not provide services to residents of USA, Canada, Japan, Syria, Sudan, Iran, Israel and Australia. Additionally, IQ Option recently announced that they will no longer offer their services within the European Union.

These limitations may be problematic for traders residing in these regions as they are unable to access IQ Options’ trading platform or take advantage of its features.

It’s important for potential traders to check if a broker provides services within their region before signing up with them. While Pocket Option offers more accessibility globally than IQ Option does; both platforms still have unique advantages worth considering regardless of one’s location.

How to choose binary options broker?

Choosing the right binary options broker is a crucial step in your trading journey. Here are some tips to help you make an informed decision:

1. Research and compare: Take time to research different brokers and compare their features, pros and cons.

2. Regulation: Choose a regulated broker that adheres to strict financial regulations for better security of your funds.

3. Trading Platform: Look for a platform that’s user-friendly, easy-to-use with advanced trading tools like charting, indicators and other analytical tools.

4. Assets: Check if the broker offers a broad range of assets including Forex pairs, stocks, commodities or indices.


5. Mobile Apps: In today’s fast-paced world, it’s essential to have mobile access to trade anytime from anywhere.


6. Deposit & Withdrawal methods – Check whether the deposit/withdrawal process is smooth with no hidden fees or charges


7. Customer Support – Look for brokers who offer exceptional customer support through various channels such as live chat, email or phone lines.

By keeping these factors in mind while choosing your binary options broker can help you minimize risks and maximize profits in the long run!

Conclusion

After a thorough comparison between Pocket Option and IQ Option, it is clear that both brokers have their own strengths and weaknesses. The decision of which broker to choose ultimately depends on the individual trader’s needs.

For traders who value regulation, IQ Option may be the better choice as they are regulated by multiple financial authorities. However, for those who want more trading options and features such as signals and copy trading, Pocket Option may be a better fit.

When it comes to trading platforms, both brokers offer easy-to-use interfaces but differ in terms of customization options. In terms of mobile apps, both have user-friendly designs but IQ Option has won awards for its app.

Regarding assets available for trading, while IQ option offers more than 350 assets including forex pairs, cryptocurrencies and commodities; Pocket Option has around 100 different assets available for traders to choose from.

When considering bonuses offered by brokers – if this is important to you- then only Pocket Options provides such incentives

Choosing between these two binary options brokers will come down to personal preference based on what factors matter most in your trades.