IQ Option vs. Pocket Option – The question of choosing the right platform for trading is often raised by traders. These two platforms, being relatively new entrants in the market, have managed to attract a substantial user base, sparking curiosity and debate among traders.
Our comparison between IQ Option and Pocket Option raises several intriguing questions and presents a challenging yet fascinating quest to discern which one stands out. Which offers more lucrative opportunities? Which offers a more user-friendly experience? Which platform is more reliable and trustworthy? In this exploration, we will delve into various aspects and features of these platforms to determine which one truly holds the upper hand in the world of online trading.
Detailed comparison between IQ Option vs. Pocket Option:
See the core facts of both brokers here:
| Features: | IQ Option: | Pocket Option: |
|---|---|---|
| Overall rating: | 9/10 | 10/10 |
| Demo account: | Yes, $10,000 and unlimited | Yes, $10,000 and unlimited |
| Minimum deposit: | $10 | $50 |
| Minimum withdrawal: | $2 | $10 |
| Minimum trade: | $1 | $1 |
| Return: | Up to 94% | Up to 90% |
| Assets: | 300+ | 100+, including Stocks, Forex, Indices, Cryptocurrencies, and Commodities |
| Deposit and withdrawal methods: | Credit cards, debit cards, bank transfers, electronic payments | Credit cards, debit cards, bank transfers, electronic payments |
| Regulation: | No | IFMRRC and Mwali International Services Authority |
| Mobile trading: | Yes | Yes |
| Copy trading: | No | Yes |
| Support: | 24/7 chat, email, phone | 24/7 phone, chat, email |
| Additional fees: | Currency conversion fees can apply | No deposit fees, no withdrawal fees, no inactivity fees, and no trading fees |
| Special: | / | Gems lottery |
| Bonus: | No | Deposit bonus available |
| Mobile app: | Android, iOS | Android, iOS |
| Review: | Read the full IQ Option review | Read the full Pocket Option review |
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
It can be difficult to differentiate between the two leading online trading platforms. But these factors can help us find the best broker in the IQ Option vs Pocket Option comparison.
Demo accounts – Are they available?
A demo account is of paramount importance in our IQ Option vs. Pocket Option discussion. Sometimes a demo account is the only factor that helps a trader decide whether or not to sign up with a broker.
Such an account is important because it allows traders to learn the basics of trading. For example, if you are a beginner, you will first look for an online trading platform that can teach you how to trade. A demo account will come to your aid and save you from this situation.
If you want to plan or change your trading strategy, a demo account is what you need. You can do all the trading on your demo account with virtual currency, so you can learn without fear and without losing your funds.
You can sign up for an IQ Option demo account and access all the features. Thus, you can use it as if you were trading through a live trading account.
Even Pocket Option lets its users join the demo trading account community and learn what they don’t know. The signup process for both IQ Option and Pocket Option demo accounts is simple and does not involve any hassle.
From this perspective in IQ Option vs. Pocket Option, both platforms appear to be viable options for beginners and professional traders.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Demo account: | Available with $10,000 in virtual funds | Available with $10,000 in virtual funds |
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Minimum deposits on Pocket Option vs IQ Option
Another crucial thing that a trader bears in mind while selecting a suitable online trading platform is the minimum deposit amount.
Since most beginners are skeptical about investing a huge part of their savings, they look for a broker with a low minimum deposit amount. A minimum deposit is an amount you will need to deposit in your IQ Option or Pocket Option live trading accounts to get started with trading.
IQ Option comes with the lowest minimum deposit amounts. With only $10, you can begin your trading journey with IQ Option.
On the flip side, a trader must fund his online trading account with Pocket Option by at least $50. The minimum deposit amount of Pocket Option is higher than that of IQ Option.
From the point of the minimum deposit amount in IQ Option vs. Pocket Option comparison, IQ Option seems like a better choice for the users than Pocket Option.
Therefore, Pocket Option has a minimum deposit amount four times higher than IQ Option.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 8 / 10 |
| Minimum deposit: | $ 10 | $ 50 |
| Deposit fees: | No | No |
| Deposit duration: | Instantly | Instantly |
Minimum withdrawal amounts
The minimum withdrawal amount is also a key concern for investors. A high minimum withdrawal amount is a deterrent to attracting investors.
If a broker has a high withdrawal amount, traders will avoid signing up with them because they don’t want their money to be tied up.
For example, if you have $30 in your trading account and the minimum withdrawal amount is $100, you will not be able to take that $30 out of your account.
Even if you did, you might have to pay a withdrawal fee to the broker for withdrawing money below the minimum withdrawal amount. No trader would want to share some of these profits with the broker. And this situation is particularly unpleasant when you need your money.
IQ Option does not place many restrictions on the minimum withdrawal amount. You can withdraw a minimum of $2 from your IQ Option trading account and go as higher as you wish.
For Pocket Option withdrawals, a trader needs to submit a request for a minimum of $10.
In this way, we can see the huge difference between the minimum withdrawal amounts for IQ Option and Pocket Option. Based on this analysis, IQ Option is the better choice for traders.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 8 / 10 |
| Minimum withdrawal: | $ 2 | $ 10 |
| Withdrawal fees: | No | No |
| Withdrawal duration: | 1-3 business days | 1-3 business days |
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Available assets to trade
Today’s traders are looking for a broker that offers them several trendy assets to trade. After all, a trader wants to diversify his portfolio to avoid any possibility of loss.
A leading online trading platform will offer you all the top assets to trade in the market. You can choose from binary options, CFDs, stocks, indices, commodities, etc.
- At IQ Option you can enjoy binary options, CFD trading, and many other leading assets that can bring you high profits. There are over 300 different assets in various markets at IQ Option.
- Pocket Option also offers traders over 100 hundred assets to invest in to diversify their portfolios.
You can join either of these two online trading platforms if you find that they offer your favourite assets for trading. However, you will find more assets on IQ Option than on Pocket Option.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison) | 10 / 10 | 8 / 10 |
| Number of assets: | 300+ | 100+ |
| Return on investment: | Up to 94% | Up to 90% |
| Binary Options: | Yes | Yes |
| Forex / CFD Trading: | Yes | Yes |
| OTC trading: | Yes | Yes |
| Trade execution: | 0,5 ms | 0,5 ms |
Deposit and withdrawal methods
You don’t want the unpleasant experience of being stuck in the middle when you can’t fund your live trading account. It is inconvenient for the investor as it makes them vulnerable to losing the opportunity to place a good trade.
This is where the multiple deposit and payment methods help the investor. If a trader is unable to fund their live trading account with one payment method, they can use another to deposit funds and never miss a trade.
Therefore, a trader wants a binary broker that allows him to use multiple payment methods.
- IQ Option is one of the top brokers as it allows traders to deposit and withdraw funds using their credit cards, debit cards, bank transfers, and electronic wallets.
- Similarly, Pocket Option allows users to deposit and withdraw funds from their trading account using similar payment methods as IQ Option.
Since both online trading platforms allow users to choose from multiple payment methods, both IQ Option and Pocket Option seem to be good choices for traders.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 10 / 10 | 10 / 10 |
| Payment methods for deposits: | Credit cards, crypto, local bank transfers, electronic wallets | Credit cards, crypto, local bank transfers, electronic wallets |
| Payment methods for withdrawals: | Credit cards, crypto, local bank transfers, electronic wallets | Credit cards, crypto, local bank transfers, electronic wallets |
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Regulation – IQ Option vs Pocket Option
One of the factors a trader should consider before choosing a broker is whether there is a regulatory body overseeing the broker’s operations.
In the absence of a regulatory body, a broker may engage in bad practices and defraud investors. The good news is that both IQ Option and Pocket Option are reliable brokers as both have been operating inside for many years.
- The International Financial Markets Relation Regulation Center (IFMRRC) licenses and monitors Pocket Option to ensure that it does not overstep its boundaries. It holds Pocket Option accountable for its actions, thus protecting investors from fraud.
- IQ Option, on the other hand, is not regulated or supervised by any regulatory body. However, behind the broker is an official company registered in St Vincent and the Grenadines.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 0 / 10 | 9 / 10 |
| Regulation: | IFMRRC | IFMRRC |
| European Regulation: | No | No |
| US Regulation: | No | No |
| Other regulators: | / | / |
Mobile trading via IQ Option and Pocket Option
Mobile trading is what a trader is looking for because of its convenience. A mobile trading application eliminates the hassle of carrying a laptop or missing important trades due to lack of access.
Nowadays, almost every trader has a smartphone on which he can install a mobile trading application to trade on the go. They are looking for a broker that offers them the ease of trading on the go.
Let us compare these features for both brokers:
- IQ Option has its own mobile trading application. A trader can complete an IQ Option app download via the Google Play Store for Android devices or an IQ Option app download via the iOS app store for iPhones.
- Pocket Option also has a mobile application that traders can download. You can use it o trade anytime and anywhere after downloading it to your iPhone or Android phone.
Mobile trading applications are available for both IQ Option and Pocket Option. Thus, a trader can download either of these mobile applications as they both have modern and top-notch features.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 8 / 10 | 10 / 10 |
| Mobile trading: | Available | Available |
| Devices: | Android, iOS | Android, iOS |
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Copy trading
If you are not so sure of your trading skills, you may want to seek the help of some experienced and professional traders. Copy Trading is the feature that allows you to do just that.
With this feature, you can access the trades of top traders and copy them to maximize your online profits.
- IQ Option does not support copy trading, which makes it difficult for beginners and newcomers to make profits. If you want to trade with IQ Option, you will have to build your own knowledge and expertise to build wealth.
- On the other hand, Pocket Option allows its users to copy the trades of other traders in the market.
Pocket Option is better than IQ Option based on the copy trading feature in the IQ Option vs Pocket Option comparison.
| Specification: | IQ Option | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 0 / 10 | 10 / 10 |
| Copy Trading: | Not available | Available |
Final conclusion – Pocket Option is the better choice!
In conclusion, the detailed comparison between IQ Option and Pocket Option shows that each platform has its strengths and caters to different trader’s needs – for us the winner is Pocket Option.
This platform comes out on top with unique features such as copy trading and the availability of bonuses, which can be particularly beneficial to beginners and those looking to maximize their profits. Pocket Option also holds a regulatory license from the IFMRRC, adding an extra layer of security and reliability for its users.
While IQ Option excels in areas such as minimum deposit and withdrawal amounts, asset availability and a user-friendly interface, the lack of regulation and absence of copy trading means that it falls just short of Pocket Option in terms of overall appeal.
(Risk warning: Your capital can be at risk)
(Risk warning: Your capital can be at risk)
Frequently asked questions about IQ Option vs. Pocket Option:
IQ Option vs. Pocket Option: Which platform has a lower minimum deposit?
IQ Option has a lower minimum deposit requirement of $10 compared to Pocket Option’s $50.
IQ Option vs. Pocket Option: Which platform offers copy trading?
Pocket Option offers the Copy Trading feature, which allows users to replicate the trades of top traders, while IQ Option does not support this feature.
How do the minimum withdrawal amounts of IQ Option and Pocket Option compare?
IQ Option has a lower minimum withdrawal amount of $2, while Pocket Option has a minimum withdrawal amount of $10.
IQ Option vs. Pocket Option: Which platform is regulated by a financial authority?
Pocket Option is regulated by the International Financial Markets Relation Regulation Centre (IFMRRC), while IQ Option is not regulated by any financial authority but is registered in St Vincent and the Grenadines.
How do the IQ Option and Pocket Option asset availabilities compare?
IQ Option offers over 300 different assets across a range of markets, giving you more choice than Pocket Option, which offers over 100 assets.
