Pocket Option vs Quotex (2022)

Pocket Option vs Quotex

If you are considering choosing between Pocket Option and Quotex, you’ve come to the riIf you are considering choosing between Pocket Option and Quotex, you’ve come to the right place. In this article, we will introduce you to all the pros and cons of each broker and compare the most important functions. Both brokers were founded a few years ago and offer very similar functions. Let’s look at it in more detail. And if you are looking for a full review of the brokers listed below, you will find them on our website. If you are interested in one of the brokers, you can go ahead and open a free demo account.

Quick Pick:

Best Features: 

Best Signals:

If you are looking for a more experienced broker that is certified and offers a lot of features, choose Pocket Option. However, if you like the Quotex platform more, and you want to support your transactions with effective trading signals, choose Quotex. You can find a more detailed comparison below.

Detailed Comparison

History

Pocket Option was established in 2017 right after the ban on binary options in the European Union. The broker has prepared its legal structure in this way to be able to legally accept clients from every corner of the world. Quotex was founded a few years later (in 2020) and is very inspired by the functions of Pocket Option. Quotex puts more emphasis on trading signals, which, according to promotional materials, are up to 87% effective.

Result: Pocket Option wins because it is a more experienced broker.

Trading Platforms

Pocket Option on its platform offers access to signals, a wide range of bonuses, the possibility of copying traders and many analytical tools that facilitate investing. On the Quotex platform you will find a very modern-looking interface, trading signals, and a large offer of bonuses. Pocket Option allows you to open positions with an expiry time of up to 5 seconds. In the case of Quotex it is at least 1 minute. I must also point out that Pocket Option works much smoother than Quotex. I think there is a good chance that Quotex will have a problem with smooth animation on less efficient devices. And as we know in the market, responsiveness is very important.

Result: wins because it offers more features and a better working platform.

Bonuses

Both Pocket Option and Quotex offer the possibility of receiving deposit bonuses. But that’s not all of course as you can even get risk free trades, cashbacks and much more. The offer is very similar. Brokers reward user points for activity on the platform. Then you can exchange your points for the previously mentioned bonuses.

Result: Draw

Instruments

Pocket Option offers binary options, digital options and CFDs. At the Quotex broker you will only find binary options. However, it should be remembered that in the case of Pocket Option, the CFD instrument is only and exclusively available in theory. In practice, I can not imagine anyone who would want to invest in forex in such poor conditions. Therefore, let’s face it – both brokers are dedicated to binary options.

Result: wins because it offers more instruments.

Assets

Pocket Option offers a little over 100 available assets on its platform. In the case of Quotex, you can see the emphasis on differentiation – the broker offers over 400 assets in markets such as stocks, crypto and commodities. It is worth noting that all assets are not available all the time – most often you can see dozens of available assets on the platform.

Result: wins because it offers more assets.

Regulations

Both brokers are based in the Caribbean, which means that they do not need a license to offer their services to residents of most countries in the world. Therefore, Quotex has absolutely no regulations. On the other hand, Pocket Option is regulated by IFMRRC, but be aware that this is not a government regulation but merely a private organization that specializes in certifying binary options brokers.

Result: wins because it holds an IFMRRC license.

Minimum / Maximum Trade

In both cases, the minimum investment is just $ 1 and the maximum trade is $ 1000. This is a standard result in this industry and should be perfectly adequate for most traders.

Result: Draw

Mobile Apps

Pocket Option has a lightweight mobile app that is available on Android and iOS devices. The application allows you to analyze the markets with the help of indicators and open positions easily. The apce is missing many of the features that you will find in the browser version. The Quotex app is available only on Android devices, but in return it offers a better design and many analytical tools.

Result: wins because their app is available for both iOS and Android.

Demo Accounts

Pocket Option and Quotex offer demo accounts. In both cases, you get $ 10,000 for free, which you can spend on virtual investments and honing your skills. In both cases, you can restore the lost deposit and try again.

Result: Draw

Minimum Deposit

The minimum deposit with the Pocket Option broker is $ 50. However, if you live in India, the minimum deposit is only $10. With Quotex, there is a minimum deposit of $10 for everyone.

Result: wins because it offers a lower minimum deposit for everyone.

Payment Methods

Both brokers offer very similar deposit and withdrawal methods. Please note that the card deposit option is not available in all countries. Therefore, we suggest you use internet wallets or cryptocurrencies (because they are the cheapest).

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

Quotex: Visa, Mastercard, Coinbase, Bitcoin, Bitcoin Cash, USD Tether, Binance Coin, Etherium, Litecoin, dash, Dogecoin, Solana, Moreno, ZCash, Shiba Inu, Perfect Money, Piastrix

Result: It’s a draw

Conclusion

As you can see, Pocket Option completely crushes Quotex in terms of technical parameters. Of course, this does not mean that Quotex is a bad broker. Quotex offers much better trading signals, the accuracy of which reaches up to 87%. But you have to face it – Pocket Option has a platform with more features, has the ability to duplicate signals, is adjustable and is more experienced.

Pocket Option

Pocket Option is an advanced binary options broker that was founded in 2017 and became very popular rapidly thanks to its all-in-one trading platform. On the platform you will find traders’ copy function, trading signals, bonuses, achievements, cashabacks and much more. The more you deposit, trade and withdraw, the more gems you get, which you can exchange in the “Market” tab for bonuses, risk free trades and cashbacks. Pocket Option is a certified broker by IFMRRC, which means that the deposit you paid is properly stored and the quality of services is at the highest level. If you are looking for an advanced binary options broker that offers a great trading platform, high returns and is characterized by great functionality, choose Pocket Option. It is our number one broker in many countries around the world.

• Regulation: Yes, IFMRRC
• Minimum Deposit: $50
• Minimum Trade: $1
• Bonus: Up to 50%
• Payouts: 95% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: Accepted

If you open an account with this broker, you will receive a 50% deposit bonus!

Quotex

Quotex is the youngest broker on our list. The broker was established in 2020 as a competitor to Pocket Option. You will find many indicators and analytical tools on the platform. The flagship function of Quotex are trading signals, which, according to the broker’s assurances, achieve efficiency up to 87%. For being active on the platform, the user is rewarded with achievements that encourage them to break their own records and gain knowledge. Unfortunately, the big disadvantage of this broker is the lack of any regulation. I contacted a representative of Quotex and got information that the broker is in the process of applying for a certificate. If you are looking for a minimalist binary options broker with effective trading signals and a great trading platform, choose Quotex.

• Regulation: No
• Minimum Deposit: $5
• Minimum Trade: $1
• Bonus: 100%
• Payouts: 90% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: Accepted