Introduction
The pocket option and IQ option both support trading in the Binary option. In this article, we will analyze the pocket option vs IQ option based on several factors. Let’s proceed!
Pocket Option:
Reliability
This company was initiated in 2017 and is part of Gembell Limited holding. We all are aware of the kind of risks involved in the Binary options. The pocket option is one of the trustworthy platforms in binary options. The user interface of their website is easy to understand. It is perfect for novice and professional traders in the industry.
Deposit process
Once you register yourself on their website, you can start trading with a minimum deposit of $50.
Withdrawal process
The withdrawal process is easy and simple. You can withdraw with a small amount like $10.
No commission fee
This broker does not charge any commission fee on withdrawal.
Features of the pocket option
- It includes social trading.
- It allows you to compete over other traders for the prices.
- The pocket option provides you the signal to stay up to date about the assets.
- The customer support is very reliable. You can get assistance over the phone and by mail.
Pros:
- The withdrawal process is fast. Funds will be credited to your account within 24 hr.
- It is available in several languages.
- Accepts novice traders from the US.
- They trade in more than 130 assets.
- They need only one account to trade in the asset.
Cons:
- It involves financial risk.
- It is not licensed by CYSEC.
Many have asked on various platforms, “Is pocket option legit?” Yes, it is a legit and trustworthy platform to trade in binary options. The only thing you need is a detailed knowledge of the pocket options.
In the article on Pocket option vs IQ option, firstly, we have discussed the pocket option. Now, let’s continue with the IQ option.
IQ option
Reliability
It was founded in the year 2013, having an easy-to-understand dashboard. Still, the IQ option provides you with educational material like webinars. It is one of the reliable platforms like the pocket option. Further, it welcomes novice traders.
Deposit process
It requires a minimum deposit of $10, and you can trade with$1.
Withdrawal process
You can withdraw with $2, and the process of withdrawal is fast.
No commission
They do not charge any commission fee on withdrawal. They don’t have any hidden charges.
Features of the IQ option
- Their platform provides you with the technical indicators to understand the market position.
- It is compatible with any device. The plus point is, they have a mobile app too.
- They support financial instruments, such as forex, stocks, cryptocurrency, commodities, binary options, and many more.
- They offer two types of accounts: 1. standard account 2. VIP account
Pros:
- It is regulated with CYSEC.
- They provide profit up to 95%.
- Iq Options have a minimum deposit and withdrawal.
- Customer support is also very reliable.
Cons:
- It involves financial risk.
Conclusion
We have tried our best to compare both the platforms that support the binary options. You can choose as per your preference and convenience. However, every trading platform involves risk. So, always keep this thing in mind.
