Pocket Option vs Olymp Trade

Which is the best? Pocket Option vs Olymp Trade

Are you looking for a reliable and user-friendly binary options broker? Look no further than Pocket Option and Olymp Trade! These two platforms have been gaining popularity in the trading world, offering traders various features to help them succeed. In this article, we will take a closer look at Pocket Option vs Olymp Trade – comparing their history, regulation, trading platform, mobile apps, assets available for trading, deposit/withdrawal methods, bonuses offered and special features. By the end of this article, you’ll be able to make an informed decision on which platform suits your needs best!

History

Pocket Option and Olymp Trade are two popular binary options trading platforms. Pocket Option is a relatively newer platform that was launched in 2017, while Olymp Trade has been around since 2014. 

Pocket Option aims to offer traders the most advanced technologies and tools for trading in various financial markets, including Forex, cryptocurrency, and commodities. They have quickly established themselves as one of the leading choices for traders who want to access these markets with ease.

Olymp Trade has a slightly longer history than Pocket Option but still maintains its reputation as one of the most user-friendly platforms available today. The company initially started by offering forex trading services before expanding into providing binary options trading services.

Both Pocket Option and Olymp Trade have come a long way since their inception – from improving their interface to adding new features such as copy-trading or daily tasks to provide more value for users. Their histories show how they’ve evolved over time, catering to different types of traders with unique preferences and needs!

Regulation

Regulation is an important aspect to consider when choosing a binary options broker. Pocket Option and Olymp Trade both operate under different regulations.

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This organization provides certification services for brokers operating in financial markets, ensuring that they operate legally and transparently.

Olymp Trade, on the other hand, is regulated by the Financial Commission (FinaCom). FinaCom acts as an independent mediator between traders and brokers to resolve any disputes fairly. It also offers compensation funds to traders in case of any fraudulent activities from their registered brokers.

While both Pocket Option and Olymp Trade are regulated entities, it’s important to note that their regulatory bodies have different mandates. IFMRRC focuses on certifying brokers while FinaCom offers dispute resolution services.

Ultimately, regulation plays a crucial role in protecting traders from fraudulent activities. As such, it’s essential to choose a broker that operates under strict regulations like Pocket Option or Olymp Trade.

Trading Platform

When it comes to trading platforms, both Pocket Option and Olymp Trade offer user-friendly interfaces that are easy to navigate. However, there are some differences between the two.

Pocket Option’s platform is available in web and mobile versions and offers a range of features such as technical indicators, charting tools, and social trading. The platform also includes a demo account for traders who want to practice their strategies before committing real funds.

On the other hand, Olymp Trade’s platform has won awards for its simplicity and ease of use. It provides an extensive library of educational resources along with access to market analysis tools like economic calendars.

Both platforms allow traders to execute trades quickly and efficiently with minimal delay or downtime. Additionally, they provide access to multiple asset classes including forex pairs, stocks, cryptocurrencies, commodities among others.

While Pocket Option may appeal more towards experienced traders looking for advanced features like copy-trading; Olymp trade wins on the accessibility front due  to its simple design & education section suitable even for beginners in binary options trading.

Mobile Apps

Both Pocket Option and Olymp Trade have mobile apps that allow traders to access their accounts from anywhere at any time. The apps are user-friendly, easy to navigate, and offer all the features available on the desktop platforms.

Pocket Option’s mobile app is available for both iOS and Android devices. It offers a clean and simple interface with a wide range of trading tools such as technical indicators, charting options, and more. Additionally, it provides access to educational resources like video tutorials which can help new traders learn about binary options trading.

On the other hand, Olymp Trade’s mobile app is also available on both iOS and Android devices. It has a modern design that makes navigation through different sections quite seamless. Its unique feature “daily tasks” allows traders to earn extra profit by completing specific tasks each day.

Both apps enable traders to deposit funds into their accounts easily using various payment methods including credit/debit cards, e-wallets such as Skrill or Neteller etc.. They also provide quick withdrawal processes which usually take less than 24 hours in most cases.

In conclusion both Pocket Option’s & Olymp trade’s Mobile Apps are designed keeping in mind trader convenience while being user-friendly with an array of features readily accessible via one click offering them flexibility to trade anytime & anywhere they want!

Assets

When it comes to trading assets, both Pocket Option and Olymp Trade offer a wide range of options for traders. However, there are some differences between the two platforms.

Pocket Option offers over 100 assets to trade including currency pairs, cryptocurrencies, commodities and stocks. Traders can choose from popular options such as Bitcoin, Ethereum and Litecoin as well as exotic currencies like the Turkish Lira or South African Rand.

Olymp Trade provides its users with access to more than 70 different tradable markets including currency pairs, commodities and cryptocurrencies. Some of the most traded instruments on their platform include major forex pairs like EUR/USD or GBP/USD.

Both brokers also offer demo accounts which allow traders to practice trading without risking any real money. This is a great way for beginners to familiarize themselves with the trading process before investing actual funds.

While there are some slight differences in terms of available assets between Pocket Option and Olymp Trade, both provide ample opportunities for traders looking to diversify their portfolio.

Deposit & Withdrawal

Deposit and withdrawal methods are essential considerations for traders when choosing a binary options broker. Pocket Option provides multiple deposit and withdrawal options, including Visa/Mastercard, PerfectMoney, WebMoney, and cryptocurrencies such as Bitcoin, Litecoin and Ethereum. Deposits are processed instantly while withdrawals take up to 3 business days.

Olymp Trade also offers various deposit methods such as Visa/Mastercard, QIWI Wallets, Yandex Money, Neteller and cryptocurrencies like Bitcoin. Withdrawals can be made through the same channels used for deposits except for MasterCard where a bank transfer is required. Withdrawals take up to 5 business days to process.

Both brokers offer hassle-free transactions with no fees charged on deposits or withdrawals. However it’s important to note that some payment systems may charge their own commission which should be checked prior to making any transaction.

Both Pocket Option and Olymp Trade provide an array of convenient deposit & withdrawal methods suitable for traders worldwide ensuring easy accessibility without hidden charges or processing delays.

Bonuses

Both Pocket Option and Olymp Trade offer various bonuses and promotions to their users. 

Pocket Option provides a welcome bonus of up to 100% on the first deposit, which is quite generous compared to other binary options brokers. Additionally, they also have periodic promotional offers for existing users such as cashback rewards and trading competitions with significant prizes.

On the other hand, Olymp Trade has a tier-based loyalty program where traders can earn points based on their trading volume, which can be converted into bonuses or used to access exclusive features like risk-free trades.

It’s worth noting that while bonuses may seem enticing at first glance, they usually come with strict terms and conditions attached. For example, some might require you to trade a certain amount before being able to withdraw your funds or use the bonus towards an actual trade.

Ultimately, it’s essential to read through all bonus terms carefully before accepting any offer from either broker.

Special Features

When it comes to special features, Pocket Option and Olymp Trade have distinct offerings. Pocket Option offers trading signals that can be a great help for beginners who are still learning how to analyze the market. These signals can help traders determine when and where to enter or exit a trade.

In addition, Pocket Option also has a copy trading feature which allows users to automatically replicate the trades of experienced traders. This is perfect for those who do not have much experience in trading but still want to earn profits.

On the other hand, Olymp Trade offers daily tasks that provide challenges for its users. These challenges range from simple ones like logging in every day or watching educational videos, to more complex ones like analyzing charts and making actual trades based on their analysis.

These daily tasks serve as an excellent source of motivation for users while helping them improve their skills with each task they complete. It’s worth noting that these tasks are not mandatory but completing them can unlock rewards such as free trades or higher payouts.

Both platforms offer unique special features that cater to different needs of its users. Whether you need guidance through trading signals and copy trading or prefer challenging yourself with daily tasks, these platforms have got you covered.

Where are they available?

Pocket Option and Olymp Trade are two popular binary options brokers that offer their services globally. However, there are some limitations to where they can operate.

Pocket Option is available worldwide, meaning traders from any part of the world can register and start trading on their platform. On the other hand, Olymp Trade is not available in several countries, such as USA, Canada, Japan, Syria, Sudan, Iran, Israel and Australia. Additionally, it’s worth noting that Olymp Trade cannot provide its services to traders within the European Union due to regulatory restrictions.

These limitations might be a drawback for some traders who reside in these countries or regions where Olymp Trade cannot operate. In contrast with Pocket Option allowing access for traders all over the globe.

If you’re considering using either broker’s services but reside in one of the restricted areas mentioned earlier for Olymp trade – then opting for Pocket Option could be your best course of action as they allow global registration without restriction.

How to choose binary options broker?

Choosing the right binary options broker is crucial to your success as a trader. With so many brokers available, it can be overwhelming to decide which one to choose. Here are some factors you should consider when selecting a binary options broker.

Firstly, make sure that the broker is regulated by an established regulatory body. This will ensure that they adhere to certain standards and practices, providing you with better protection from fraudulent activity.

Another important factor is the trading platform offered by the broker. The platform should be user-friendly and easy to navigate, allowing you to execute trades efficiently and effectively.

Consider also the range of assets offered by the broker. Ideally, they should offer a variety of instruments including stocks, commodities and currencies for maximum flexibility in your trading strategy.

Next up are deposit and withdrawal methods – ensure that there are convenient methods available for funding your account and withdrawing profits without exorbitant fees or delays.

Look into any bonuses or special features offered by the broker such as trading signals or copy trading services which can enhance your overall experience as a trader.

By considering these factors carefully before choosing a binary options broker, you’ll increase your chances of finding one that satisfies all your needs while minimizing potential risks associated with online financial transactions.

Conclusion

After comparing Pocket Option and Olymp Trade, it is evident that both platforms have their own strengths and weaknesses. 

Pocket Option offers a wide range of assets to trade with, along with trading signals and copy trading features. On the other hand, Olymp Trade has an easy-to-use platform, daily tasks for traders to earn bonuses and a demo account which can be used without any restrictions.

When it comes to regulation, Pocket Option is not regulated by government while Olymp Trade is regulated by the International Financial Commission (IFC). This may be an important factor for some traders who prefer trading on regulated platforms only.

Regarding accessibility, Pocket Option is available worldwide while Olymp trade restricts access in certain regions like USA, Canada, Japan etc., restricting its potential user base. 

Ultimately, choosing between these two binary options brokers depends on personal preferences based on factors such as regulations required in your region of operation or preference for specific features offered by each platform. It’s always recommended to thoroughly research before making a decision about which broker suits best according to individual needs.