In this analysis, we will explore various crucial aspects which include the payout, license, foundation year, deposit type and so much more. Through this detailed overview, you will be able to evaluate the differences and similarities between these two brokers and make an informed decision for your trading needs.
Read on to find out which of these two brokers best suits your preferences and investment goals.
1. How to log in / Links
It should be noted that some countries restrict access to binary options brokers, depending on the regulations.
The link for Pocket Option as of today is https://po7.cash/smart/NBsHaX7rcA7Oqj .
Note the “po7” part. This is updated according to needs, therefore in case of non-functionality of the link change with “po8” or “p9” etc.
The most recent link for Quotex is http://Qxbroker.com/?lid=13735
In case of lack of access to the platform, use a VPN, even a free one, as recommended by the broker himself.
Pocket Option claims a payout of up to 96% for binary options. However, it is important to note that the actual payout may vary depending on trading activity and market conditions.
Quotex claims payouts of up to 95% for binary options. As with Pocket Option, the actual payout may vary based on market circumstances and trading activities.
Pocket Option is a brand managed by Gembell Limited, a company registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, and is regulated by the International Financial Market Relations Regulation Center (IFMRRC).
Quotex: Quotex is a brand operated by the company Quotex Limited, regulated as a Pocket regulated by the IFMRRC, a license which provides some protection to traders, however it may not be at the level of licenses provided by more well known financial regulators.
3. Year of foundation
Pocket Option was founded in 2017. It is relatively new in the binary options sector compared to some ESMA regulated brokers, which however are now reserved for professionals with high capital
Quotex was founded in 2020, so it is also a relatively young broker in the binary options market.
4. Type of Deposit
Pocket Option offers several deposit methods, including credit/debit cards, e-wallets (e.g. Skrill, Neteller) and cryptocurrencies such as Bitcoin. This provides traders with several options for depositing funds into their account. Methods may vary depending on the broker’s policies.
5. Expiry of the trade
Quotex also offers a variety of deposit options, such as credit/debit cards, e-wallets and cryptocurrencies. The exact methods, as with Pocket, may vary depending on your geographic region and broker policies.
Pocket Option offers a variety of expiries for binary options, including short-term expiries (from 1 minute) and long-term expiries (up to 4 hours). This allows traders to select the expiration option that best suits their trading strategies.
Quotex offers a choice of expirations for binary options, which include short-term expiries (from 30 seconds) and long-term expiries (up to 5 minutes). Again, you can select your desired expiration option based on your trading preferences.
6. Types of options
Pocket Option offers a wide range of binary options types, such as classic binary options, long term binary options, short term (turbo) binary options and touch/no-touch binary options. This diversity of options allows traders to take advantage of a wider range of trading strategies.
Quotex also offers a variety of binary options types, including classic binary options, high yield binary options, short term (turbo) binary options, and touch/no-touch binary options. Traders have the ability to choose the type of option that best suits their needs and trading strategies
7. Trading Platform and Tools
Pocket Option provides an intuitive and user-friendly trading platform. It also offers a number of additional tools, such as technical indicators, advanced price charts, and a social trading feature that allows traders to follow and copy the trades of other traders.
Quotex offers a modern and easy to use trading platform. The platform includes technical analysis tools, interactive charts and social trading features, allowing traders to connect with other users and share trading strategies.
8. Minimum deposit and minimum trade
The minimum trade amount on Pocket Option starts at $1 or the equivalent in other currencies. Pocket Option requires a minimum initial deposit to open a trading account starting at $50 or the equivalent in other currencies.
At Quotex the minimum deposit is only $10 or the equivalent in other currencies
CONCLUSION: Quotex vs Pocket Option
It may be useful to go into detail to give even more complete information to those who are preparing to choose one of the two brokers
Comparison between Pocket Option and Quotex: Discover the differences
- Minimum Deposit:
The minimum deposit represents the amount required to start trading. In this case, Quotex is cheaper than Pocket Option as it only requires a minimum investment of $10, while Pocket Option requires $50 as a minimum deposit.
The welcome bonus is a gift offered to traders when making their first deposit. Quotex offers a more generous bonus, up to $105, compared to Pocket Option which only provides 50% of the deposit value as a bonus.
- Margin Trading:
Margin trading involves using borrowed money to buy stock through the broker. Pocket Option supports this feature, allowing users to engage in margin trades, while Quotex does not offer the ability to trade stocks.
- Automatic trading:
Automatic trading allows you to execute buy or sell orders automatically, based on specific settings or programs. Pocket Option supports this feature, allowing traders to automate their trades. In contrast, Quotex does not offer automated trading.
- Trading Signals:
Trading signals provide traders with information based on asset analysis and market conditions. Quotex offers trading signals, however, they are not available on demo accounts. Pocket Option, on the other hand, allows the use of trading signals on both demo and real accounts.
Copy-trading is a useful option for new traders, as it allows them to copy the strategies of experienced traders and profit from them. Quotex supports copy trading, but this feature is not available on demo accounts. Pocket Option, on the other hand, allows copy-trading on both demo and real accounts.
Cryptocurrencies are digital assets, such as BTC (Bitcoin) and LTC (Litecoin). Pocket Option offers five different cryptocurrencies to choose from, while Quotex only supports major cryptocurrencies such as Bitcoin and Litecoin.
CONCLUSION: Quotex vs Pocket Option
Both Quotex and Pocket Option offer good services for binary options trading.
Quotex, despite being a newer broker, offers a wide range of services and greater transparency in payments thanks to the payout percentage known from the beginning.
Pocket Option, on the other hand, has many resources and special options, ensuring the safety of deposits and withdrawals.
Online reviews seem to give Quotex a slight edge, especially for the variety of options on offer. However, it is advisable to conduct thorough research and try out the demo platforms to determine which broker offers the features that best suit your needs.
Always remember to start with a demo account before placing real trades.