Pocket Option vs Olymp Trade (2022)

Pocket Option vs Olymp Trade

If you are wondering which broker to choose – Pocket Option or Olymp Trade, this article is for you. We will compare all the major features of both platforms and choose a winner. At the very beginning, it is worth noting that Pocket Option is available all over the world, and Olymp Trade only in regions where binary options are easily available and do not require appropriate licenses. If you live in the USA, UK, Canada, EEA or Australia, do not hesitate to choose Pocket Option. However, if you live in South America, Asia or Africa, read this article to the end – we will help you choose the right broker for you!

Quick Pick:

Best Features: 

Best for Beginners:

If you are looking for a broker that offers a lot of features, great bonuses and is available all over the world, choose Pocket Option. However, if you are looking for a broker that offers a great platform, a 30-day course on investing in binary options and regulation, choose Olymp Trade. In my opinion, the choice should be made on the basis of where you live – if you come from UK / USA / Canada / Australia / EEA, choose Pocket Option. However, if you do not live in these regions, choose Olymp Trade.

Detailed Comparison

History

Pocket Option is a relatively young broker that was established in 2017 shortly after the binary options ban appeared in Europe. Olymp Trade has been in this industry since 2014, which means it is one of the most experienced brokers on the market.

Result: Olymp Trade wins because he is much more experienced.

Trading Platform

Both brokers offer modern-looking platforms that are available in the browser and on Android and iOS phones. On each of the platforms, you can add indicators and technically analyze the charts. However, Pocket Option has additional features such as copy traders, trading signals and a wide range of bonuses.

Result: Pocket Option wins because it has more functions.

Bonuses

Both brokers have a very similar bonus offer. On both platforms you can get a bonus of up to 50%, risk free trades, cashbacks and much more.

Result: Draw

Instruments

Pocket Option offers only binary options on its platform and a very simple forex system. Binary options allow you to open positions with an expiry of up to 5 seconds! Olymp Trade also offers binary options, forex, but also CFDs. It should be remembered that if we compare forex with both brokers, Olymp Trade has much better conditions.

Result: Olymp Trade wins because it offers more instruments.

Assets

Both brokers offer a very similar number of available assets. In both cases it is about 150 assets – both Pocket Option and Olymp Trade offer weekend trading on OTC pairs.

Result: Draw

Regulation

Pocket Option is regulated by IFMRRC and Olymp Trade by FinaCom. However, if we take a closer look at the regulators, it is easy to come to the conclusion that Pocket Option is not licensed by a government entity, but only a private company. This means that IFMRRC will only check that the broker is adhering to the rules, but cannot impose penalties on Pocket Option. For Olymp Trade, FinaCom regulation is governmental and much safer.

Result: Olymp Trade wins because it offers better regulation.

Minimum / Maximum Trade

Pocket Option allows you to open a minimum position from $1 and a maximum position up to $1000. This is standard with most brokers. In the case of Olymp Trade, the minimum investment is only $1 and the maximum is as much as $5000.

Result: Olymp Trade wins because it offers a higher maximum investment amount.

Mobile Apps

Pocket Option offers a mobile app available on Android and iOS devices. The same goes for Olymp Trade. When it comes to using the app, Olymp Trade looks better. However, if your device is less powerful, Pocket Option may be a better choice.

Result: Draw

Demo

Both brokers offer a free demo account. Just go to the broker’s website and open a demo account. In both cases, you get $ 10,000 in virtual credit, which you can top up at any time.

Result: Draw

Minimum Deposit

The minimum deposit with Pocket Option is $ 50. If you live in India, the minimum deposit amount is reduced to only $ 10. For Olymp Trade, the minimum deposit is $ 10 and is available to anyone no matter where you live.

Result: Olymp Trade wins because it offers a smaller minimum deposit.

Payment Methods

Both brokers perfectly match their offer to the country in which they operate. Below is a list of the available payment methods. Please note that depending on which country you live in, the deposit methods will differ.

Pocket Option: Visa, Mastercard, Coinbase, Bitcoin, Litecoin, PAX, Stellar, Binance Coin, Etherium, Bitcoin Cash, Tether, PAXOS, USD Coin, DAI, Ripple, zCash, USDK, USD Tether, True USD, WebMoney, Jeton, Perfect Money, AdvCash

Olymp Trade: Visa, Mastercard, Maestro, Boleto, Pix, AstroPay Card, Loterica, Banco do Brasil, Caixa, Bardesco, Perfect Money, Skril, Neteller, Bitcoin, Tether (trc-20), Etherium, WebMoney, China UnionPay

Result: It’s a draw

Conclusion

As you can see, more experience translates into better parameters. In this comparison, Olymp Trade fared much better. However, remember that Pocket Option is available in every country in the world, and Olymp Trade is only available in selected regions. Therefore, if you live in UK / USA / Canada / Australia or EEA, choose Pocket Option. Otherwise, Olymp Trade will be the best choice.