A trader’s success is entirely dependent on his ability to make money over time. A binary broker, on the other hand, is someone who buys and sells assets on behalf of traders. Therefore, a broker must be reliable and reliable, make the most money and know how to avoid risky situations in the market. there is.
So which is better, Quotex or Pocket Option? Here we will discuss the good things about both platforms and compare which one is better for trading.you can check this page For more information,
Quote
The International Financial Market Relations Regulation Center is responsible for Quotex, a trading platform. You can invest in 400 different assets. One of them is a digital option that allows you to trade only fixed amounts based on price changes in the market.
The platform is easy to use and can be used in a number of ways including indices, commodities and forex. Time limits range from 60 seconds to 1 month. The length varies, but it is always 1 day or 24 hours.
advantage
Trading with Quotex has several advantages. For example, the platform allows anyone to become a trader without incurring big losses, as they can invest as little as $10.
There are no fees for trading, accounts or withdrawals. So you get a return on your investment without spending a lot of money. Anyone can trade as this platform has the most user-friendly interface. Due to its design, you can also trade binary options.
You can create a free account called a “demo account”. It’s like a “dummy account” that you can try and learn for yourself. This site is licensed by IFMRRC and is therefore trustworthy. When he starts trading, he gets a 40% bonus on his first deposit.
pocket option
Pocket Option is a well-known trading platform for binary options. In 2017 he was started by and owned by Gembell Limited. The International Financial Market Relations Regulatory Center is responsible for regulating this broker.
Binary option trading is not taken seriously as it is traded in a risky manner. Still, Pocket Option proves to be a trustworthy site where you can sign up and start trading in no time.
Pocket Option is a global trading platform with over 100 services and tools. Foreign investors can choose from a variety of payment methods. However, each user can only have one trading account. This is the bad thing about this broker site.
advantage
Pocket Option allows you to trade over 100 different assets. When a new trader joins the platform, they are given her 50% bonus on their first deposit to help them get started.
Depositing money and getting it back is easy and safe. Also, it’s fast, so you won’t waste a single second. Traders can use our Social Trading, Achievements, Tournaments and other services to determine whether a trade wins or loses and learn more about the market.
You can also create a demo account and practice for free with no commitments.As a fair deal, you should win at least $1. Brokers are reliable and IFMRRC monitors their activities.
Pocket Option Vs.quote comparison
Here we compare Quotex and Pocket Option to find out all the pros and cons, then compare features to see which one is better.
Minimum deposit amount
The amount required for a transaction is the minimum deposit amount.
- Quotex is cheaper than Pocket Option as you only have to pay $10.
- Pocket option is $50.
Bonus
A bonus is like a gift for traders when they make their first deposit.
- Quotex bonus up to $105.
- Pocket Option bonus of only 50% of the deposit amount.
instrument
The only thing traders use to get high returns on their investments are the tools they need to trade. Products can be changed daily based on in-depth market analysis.
- Quotex offers forex, cryptocurrencies, commodities and indices as assets.
- Pocket Option, on the other hand, has assets such as stocks, binary options, and big and well-known cryptocurrencies like BTC.
margin trading
Margin trading is when you borrow money from a broker to buy stocks. The broker then receives a portion of the money earned.
- Quotex does not trade stocks.
- This feature is only available in Pocket Option.
auto trading
Automated trading is when a system or program sets up a plan so that a trader’s buy or sell orders are automatically placed according to the program. However, in order for a plan to work on its own, it must follow the rules of the program.
- This feature is available in Pocket Option
- Not available on Quotex.
binary options
If an asset meets the binary options requirements, its price goes high or low above a certain amount.
- Quotex allows you to choose from several binary options that can only be traded on the fixed deposit market.
- Pocket Option does not have tradable binary options.
copy trading
Copy trading is important for new traders as they can copy the style of experienced traders and profit from it. This process also helps novice and experienced traders learn from other traders and copy successful trading methods.
- Quotex allows you to copy trades, but demo accounts do not.
- Pocket Option allows you to copy trades anywhere.
Conclusion
Quotex has not been a broker for a long time, but it offers the best services for trading digital binary options. Here, traders can speculate on the price of assets and profit from their investments. Also, since the payout percentage is known from the beginning, everything is open and clear.
Similarly, Pocket Option has many unique features and asset options. With safe deposits and withdrawals and no bad behavior on the platform, you can trade with confidence. So, while both broker sites are good, Quotex has more features and asset options than Pocket Option.