Deriv or Pocket Option? Both are at the forefront of the brokerage arena. But how do their services, features, and other key factors compare? Could one platform be better suited to your trading needs than the other?
Join us to find out which broker – Deriv or Pocket Option – will be your true online trading assistant. In this article, we will go into detail and discuss which broker is right for your trading journey.
Deriv vs. Pocket Option comparison chart:
See the core facts of both brokers here:
| Specification: | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this review): | 8/10 | 9/10 |
| Demo account: | Yes | Yes |
| Minimum deposit: | $5 | $50 |
| Minimum withdrawal: | $10 | $10 |
| Deposit and withdrawal methods: | Electronic wallets, Cryptocurrency, credit cards, debit cards, wire transfers | Electronic wallets, Cryptocurrency, credit cards, debit cards, wire transfers |
| Tradeable assets: | 100+ (Forex, Commodities, Equities, Synthetic Indexes) | 100+ (Stocks, Forex, Indices, Cryptocurrencies, Commodities) |
| Mobile application: | Yes | Yes |
| Bonus: | No-deposit welcome bonus | 50% |
| Email support: | Yes | Yes |
| Live support: | Yes | Yes |
| Regulation: | Malta (MFSA), Labuan Financial Services Authority (LFSA), Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission (BFSC) | International Financial Markets Relation Regulation Center (IFMRRC) |
| Margin trading: | Up to 1:1000 depending on the regulatory entity | Not available |
| Auto trading: | Available via DBot | Only available via third-party software |
| Copy trading: | Available | Available |
| Trade signals: | Available | Available; signals can be generated using various indicators and technical tools and are essential for making informed trading decisions. |
| Special: | Deriv offers a range of platforms and financial instruments, with a focus on accessibility and security, providing negative balance protection under certain regulatory entities | Pocket Option offers free signal providers that only earn commissions on successful trades, allowing users to save the costs associated with paid signal providers. |
These factors will help us judge which of these two trading platforms is best for you. Let us look at these Deriv vs Pocket Option factors one by one.
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Demo accounts
The first thing you should look for in an online trading platform is the demo account. A demo account is the basic need of traders. It is of utmost importance for the traders, especially the beginners.
Since they are new to trading, they have to put in a lot of work to build up their money management skills. In addition, they need the demo account to understand how to manage the risk of different investments.
Deriv allows you to trade on its demo account without any hassle.
You can open a Deriv demo account if you want to start trading with the broker. An existing trader can also use the demo account to make changes to their trading approach or strategies.
Pocket Option, on the other hand, is also one of the top traders in the market and makes its demo account available to its users.
Both brokers allow their users to learn to trade and test their strategies through their demo accounts. So, if we consider a demo account as the only factor, you can choose any of these brokers.
| Specification: | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison) | 10 / 10 | 10 / 10 |
| Demo account: | Available | Available |
| Virtual funds: | $10,000 | $10,000 |
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Minimum deposit
The minimum deposit amount plays a crucial role in the evaluation of online trading platforms. It holds significant importance in the lives of traders, both beginners and advanced. A beginner will not want to open his trading account and fund it with a huge minimum deposit.
He will lack the trading experience compared to the professional or advanced trader. The learning phase will make him want to invest only a few dollars.
- The minimum deposit on Deriv is only $10. If you are just a beginner and want to start your journey with Deriv, you can sign up for your live trading account and fund it with only $10.
- On the other hand, the Pocket Option minimum deposit amount is $50, higher than that at Deriv.
You can start with Deriv because of its low minimum deposit amount if you are a beginner. However, if you have experience in trading or are willing to put in your savings worth $50, you can join Pocket Option.
| Specification: | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 9 / 10 | 7 / 10 |
| Minimum deposit: | $ 10 | $ 50 |
| Deposit/withdrawal fees: | No | No |
| Payment methods: | Credit cards, crypto, local bank transfers, electronic wallets | Credit cards, crypto, local bank transfers, electronic wallets |
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Minimum withdrawal
Another thing to consider when deciding between Deriv VS Pocket Option is the minimum withdrawal amount. A trader buys and sells assets for the primary purpose of making a profit. Once he earns enough money and the balance of his trading account increases, he would like to withdraw these funds for his personal use.
This is where the minimum withdrawal amount comes into play. Suppose you have a balance of $50 in your trading account. You would like to withdraw these funds. When you try to submit a withdrawal request for these funds, you will see a message telling you that the minimum withdrawal amount is $100. This situation can cause traders to lose confidence. If you want to withdraw that $50 from your trading account, you may have to pay some fees to the broker. Therefore, it is important to choose a broker with a minimum withdrawal amount.
In our Deriv VS Pocket Option comparison, both brokers have the same minimum withdrawal amount. The required minimum amount for a Pocket Option withdrawal is $10 and for the Deriv withdrawal it is also $10. You can withdraw any amount from your Deriv, or Pocket Option live trading account as long as it is equal to or greater than $10.
In terms of minimum payout, both the Deriv and Pocket options can be your best choice as they have the same payout amount.
| Specification: | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 9 / 10 | 9 / 10 |
| Minimum withdrawal: | $ 10 | $ 50 |
| Withdrawal fees: | No | No |
| Withdrawal methods: | Credit cards, crypto, local bank transfers, electronic wallets | Credit cards, crypto, local bank transfers, electronic wallets |
| Withdrawal duration: | Maximum 3 business days (often after a few hours) | Maximum 3 business days (often after a few hours) |
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Deposit and withdrawal methods
A trader should check if the broker offers multiple deposit and withdrawal methods. If a trader has a choice of deposit and withdrawal methods, things will be a bit more convenient for him. For example, if one payment method stops working due to some technical problem, a trader can use another payment method and protect himself from the risk of losing his investment.
- The payment methods offered by Deriv include online payments via bank or wire transfer, credit cards, debit cards, electronic wallets and cryptocurrencies.
- The payment methods offered by Pocket Option are similar to those offered by Deriv. You can withdraw or deposit funds into your Pocket Option trading account using your debit cards, credit cards, bank transfers, Cryptocurrency, and electronic wallets.
As both of these online trading platforms offer similar payment methods, they seem to be suitable for both beginners and advanced traders.
| Specification: | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 9 / 10 | 9 / 10 |
| Deposit methods: | Credit cards, debit cards, crypto, local bank transfers, electronic wallets | Credit cards, debit cards, crypto, local bank transfers, electronic wallets |
| Withdrawal methods: | Credit cards, debit cards, crypto, local bank transfers, electronic wallets | Credit cards, debit cards, crypto, local bank transfers, electronic wallets |
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Mobile application
The mobile application is the most convenient way to trade online. It can be difficult to take your laptop or a large screen with you wherever you go. You can solve this problem with a mobile application. Many traders prefer to download the mobile application of the broker that suits their needs.
You can easily find and download the Deriv mobile application for Android and for iOS. Similarly, mobile trading applications are available for the Pocket Option users also.
| Specification: | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 10 / 10 |
| Mobile application: | Available | Available |
| User-friendliness: | Good | Excellent |
| Devices: | Android, iOS | Android, iOS |
Bonus
Deriv does indeed offer a bonus to its users. However, it’s important to note that this is a no-deposit welcome Deriv bonus, which allows new users to explore the platform and its features without having to make an initial deposit. This can be particularly beneficial for those who want to try out the services before committing any funds.
On the other hand, Pocket Option offers a different kind of incentive to its users by offering a deposit bonus of up to 50% of the amount invested. This can significantly increase the trading capacity of users, giving them more opportunities to explore and invest in the available financial instruments.
Thus, while Deriv’s no-deposit welcome bonus is an excellent opportunity for risk-free exploration of the platform, Pocket Option’s deposit bonus can be more lucrative for those willing to make an initial investment. The choice between the two would depend on individual preferences, trading strategies and risk tolerance, allowing traders to choose the platform that best suits their trading goals and needs.
Bonus Comparison: Deriv vs. Pocket Option
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Email support
Another thing to consider when choosing a broker is whether or not they offer customer support. Some things require the personal attention of customer support while trading. You cannot share all of your personal information in a live or online chat. This is where email support comes to the rescue.
- Deriv offers your personal assistance through email support. You can write an email to customer support concerning all your issues and get them resolved via email support.
- Even Pocket Option offers you email support to get rid of the issue you encounter while trading on its online trading platform.
Both the brokers offer you email support. Hence, any of these brokers can be the best pick for you.
Live chat
Nowadays, all brokers offer live chat support to their users to solve the minor problems they encounter while trading online. You can contact the live support of the broker through an online chat.
If there is any problem related to trading or any other service provided by the broker, online chat is beneficial to resolve these issues.
- Both Deriv and Pocket Option offer their users live customer support to resolve any issues that they may face.
| Specification | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 8/10 | 10/10 |
| Email support: | Available | Available |
| Live chat: | Available | Available |
| Phone support: | Available | Available |
Regulation of Deriv vs. Regulation of Pocket Option
No trader wants to indulge in the services of an unregulated broker. Regulated brokers increase a sense of security among the traders, and they feel comfortable trading with the broker.
Deriv gets regulated by Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), British Virgin Islands (BFSC).
On the other hand, The International Financial Markets Relation Regulation Center (IFMRRC) regulates Pocket Option. Therefore, Pocket Option can be considered a safe broker.
Therefore, both Deriv and Pocket Option are legit and reliable brokers with which you can trade.
In the domain of regulatory oversight, Deriv boasts a comprehensive regulatory framework with oversight from several authorities, including the respected Malta Financial Services Authority, providing a significant level of trust and security for traders within the European Union. Pocket Option, while not regulated by a government authority, is overseen by the IFMRRC and the Mwali International Services Authority, presenting a diverse regulatory environment.
Despite the lack of EU or US regulation for both platforms, Pocket Option’s broader international presence could be seen as advantageous for traders seeking a platform with a wide regulatory reach.
Auto Trading Comparison: Deriv vs. Pocket Option
For enthusiasts of automation in trading, Deriv offers possibilities on its DBot platform. Pocket Option, meanwhile, does so as well. Auto-trading on Pocket Option is available via Pocket Option robots (third-party software).
| Specification | Deriv | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 9/10 | 8/10 |
| Auto Trading: | Possible on DBot | Available via third-party software |
Final conclusion – Pocket Option is the winner!
In this comprehensive comparison of Deriv and Pocket Option, it’s clear that both brokers offer distinct advantages, but in our opinion Pocket Option emerges as the superior choice for most traders.
Deriv is commendable for its low minimum deposit requirement of $5, which is ideal for beginners or those with limited funds to invest. It also boasts multi-jurisdictional regulations, adding a layer of trust and security for its users. Nevertheless, Pocket Option takes the lead with its impressive 50% deposit bonus, which is a significant advantage for traders looking to maximize their trading capital. Its regulation by the IFMRRC further ensures a safe and reliable trading environment, a critical aspect for many.
While Deriv does offer a no-deposit welcome bonus, allowing for a risk-free trial of its platform, this feature is overshadowed by Pocket Option’s more substantial financial incentives and robust security measures.
In conclusion, although Deriv offers accessibility and regulatory confidence, Pocket Option’s combination of a generous bonus scheme and a secure trading environment ultimately makes it the more attractive option for traders. Ultimately, the decision should be based on the trader’s priorities, but for those looking for impressive bonuses and a secure platform, Pocket Option is the clear winner.
(Risk warning: Trading involves risks)
(Risk warning: Trading involves risks)
Frequently asked questions about Deriv vs Pocket Option:
In the comparison of Deriv vs. Pocket Option, which platform requires a lower minimum deposit?
Deriv has a lower minimum deposit requirement of $10, making it more accessible, especially for beginners. In contrast, Pocket Option has a higher minimum deposit requirement of $50.
Between Deriv vs. Pocket Option, which platform offers a deposit bonus to its users?
Pocket Option offers a deposit bonus of up to 50%, providing traders with additional capital to trade. On the other hand, Deriv does not offer any deposit or sign-up bonuses.
How do the minimum withdrawal amounts compare between Deriv vs. Pocket Option?
Both Deriv and Pocket Option have set their minimum withdrawal amount at $10, offering equal convenience to traders when it comes to accessing their funds.
In terms of regulatory oversight in the Deriv vs. Pocket Option comparison, which platform is more extensively regulated?
Deriv is regulated by multiple entities including Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), and the British Virgin Islands (BFSC), providing a higher level of regulatory oversight compared to Pocket Option, which is regulated by the IFMRRC.
Do both “Deriv and Pocket Option” offer demo accounts for practice trading?
Yes, both Deriv and Pocket Option provide demo accounts, allowing users to practice and learn trading without risking real money.
