TOP 3 Pocket Option’s Alternatives
Are you tired of using Pocket Option for your trading needs? Do you find yourself searching for a more reliable and efficient platform? Look no further! In this article, we will introduce three Pocket Option alternatives that are sure to meet your expectations. Whether you’re an experienced trader or just starting out, these platforms offer a range of features and benefits that can take your trading experience to the next level. So let’s dive in and explore what other brokers have to offer!
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What is Pocket Option?
Pocket Option is a binary options trading platform that was established in 2017. It offers traders a simple and user-friendly interface, with access to over 100 different assets for trading.
One of the unique features of Pocket Option is its social trading capabilities, which allow users to follow successful traders and copy their trades. This can be helpful for those who are just starting out or looking to learn from more experienced traders.
The platform also offers various educational resources, such as video tutorials and webinars, to help users improve their trading skills. Additionally, Pocket Option has a demo account option that allows new users to practice trading without risking real money.
However, despite these benefits, some traders may find Pocket Option lacking in certain areas compared to other platforms on the market. In the following sections, we will explore why you might want to consider alternatives to Pocket Option.
Why you should looking for alternative?
If you’re an avid trader, then you might have heard of Pocket Option. It’s a popular binary options trading platform that has gained quite some popularity in recent years. However, as with any other trading platform, it also comes with its own set of drawbacks.
One of the reasons why you should consider looking for an alternative to Pocket Option is because it is not regulated by any government authority. This means that there is no oversight or protection offered to traders using this platform.
Another drawback of Pocket Option is that it only accepts USD and EUR deposits via bank transfer or credit cards. This can be inconvenient for traders who prefer using other payment methods such as e-wallets.
Moreover, Pocket Option’s customer support team isn’t available 24/7 which can be frustrating if you need immediate assistance during off-hours.
While the user interface on Pocket Option may seem appealing at first glance, users have reported issues with slow loading times and glitches within the system itself.
Considering these factors, exploring alternatives to Pocket Option might be a wise decision if you’re looking for a more secure and reliable trading experience.
Quotex
Quotex is a relatively new trading platform that has been gaining popularity among traders worldwide. It offers a variety of trading instruments, including Forex, commodities, cryptocurrencies, and indices.
One of the standout features of Quotex is its user-friendly interface that makes it easy for beginners to navigate the platform. The platform also provides users with a range of educational resources such as webinars and tutorials to help them improve their trading skills.
Quotex allows traders to customize their accounts by choosing from different account types depending on their preferences and level of expertise. Traders can also access demo accounts which enable them to practice trading without risking any real money.
Another benefit of Quotex is that it provides fast trade execution speeds, ensuring that trades are executed in real-time without delays or slippages. The broker also offers multiple payment options for deposits and withdrawals making transactions hassle-free.
Quotex is an excellent alternative to Pocket Option due to its user-friendly interface, numerous educational resources, customizable account types, fast trade execution speeds and multiple payment options.
- 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
Forbidden countries: USA, Canada, Japan, Syria, Sudan, Iran, Israel, Australia and the European Union. (You can open an account via VPN and deposit using crypto. No verification will be needed.)
IQ Option
IQ Option is one of the most popular alternatives to Pocket Option. This online trading platform was founded in 2013 and has since then gained a massive following worldwide, with more than 48 million registered users.
One of the main advantages of IQ Option is its user-friendly interface that makes it easy for beginners to navigate through the platform. It offers over 350 tradable assets including stocks, cryptocurrencies, forex, and commodities.
IQ Option also provides free educational materials such as video tutorials and webinars that help traders improve their skills and knowledge. The platform supports multiple payment options making deposits and withdrawals convenient for users.
Another notable feature of IQ Option is its demo account which allows new traders to practice without risking real money. Additionally, IQ Option offers competitive spreads as well as low minimum deposit requirements.
IQ Option presents itself as a reliable alternative to PocketOption due to its advanced features designed specifically for experienced traders while still keeping it simple enough for novice investors.
- Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
- Minimum Deposit: $10
- Minimum Trade: $1
- Bonus: None
- Payouts: 98% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
Forbidden countries: USA, Canada, Japan, Syria, Sudan, Iran, Israel, Australia and the European Union.
Expert Option
Expert Option is another popular trading platform that has gained a lot of attention from traders around the world. Like Pocket Option, it offers a user-friendly interface and easy-to-understand features for beginners.
One of the key advantages of Expert Option is its low minimum deposit requirement, which makes it accessible to traders with limited funds. Additionally, this platform offers various assets for trading such as stocks, cryptocurrencies, and forex pairs.
Expert Option also provides educational resources such as video tutorials and webinars to help traders improve their skills and knowledge. They also offer 24/7 customer support through phone, email or live chat.
Moreover, Expert Option has been recognized by several industry awards including Best Trading Platform in Asia (2018) and Best Forex Broker in MENA (2020).
Expert Option can be a great alternative for those who are looking for a reliable trading platform with low minimum deposit requirements and diverse asset options.
- Regulation: Yes, IFMRRC
- Minimum Deposit: $50
- Minimum Trade: $1
- Bonus: None
- Payouts: 90% Max
- Assets: Commodities, Crypto, Forex, Indices, Stocks
- Mobile Trading: Yes, Android & iOS
- Withdrawal Processing: 24 Hours
- Demo Account: Yes
Forbidden countries: USA, Canada, Japan, Syria, Sudan, Iran, Israel, Australia and the European Union.
The biggest disadvantages of the Pocket Option
Pocket Option is a binary options trading platform that has gained popularity among traders due to its user-friendly interface and low minimum deposit. However, like any other platform, Pocket Option also has some drawbacks that users should be aware of before signing up.
One of the biggest disadvantages of Pocket Option is its limited range of assets. The platform offers only a few currency pairs and cryptocurrencies for trading, which can be frustrating for traders looking to diversify their portfolios.
Another major drawback is the lack of regulation. Unlike other reputable platforms in the market, Pocket Option operates without proper regulation from financial authorities. This means that users face higher risks when it comes to security and transparency.
Additionally, many users have reported issues with withdrawal processes on the platform. Some claim that withdrawals take longer than expected or are rejected altogether, leading to frustration and loss of trust in the system.
Customer support on Pocket Option leaves much to be desired. Users have reported slow response times or no response at all when trying to contact support regarding issues they encounter while using the platform.
While Pocket Option may offer an attractive option for beginners who want a simple trading experience with low fees and deposits, experienced traders looking for more diverse assets and reliable regulation might find better alternatives elsewhere in the market.
Conclusion
After exploring several alternatives to Pocket Option, it’s clear that there are a number of great options out there for traders. Each platform offers unique features and advantages, making it important to carefully consider your needs before choosing one.
Quotex is a popular choice thanks to its user-friendly interface and educational resources. It also offers a wide range of assets for trading, including cryptocurrencies. IQ Option is another well-regarded platform with competitive fees and an impressive selection of tools for technical analysis.
Expert Option stands out as a great choice for those looking for high returns on short-term trades, while still providing plenty of support and education resources.
Ultimately, the best alternative to Pocket Option will depend on your individual preferences and goals as a trader. By taking the time to research options thoroughly, you can find the right platform for you.
If you’re unhappy with Pocket Option or simply want to explore other possibilities in the market, don’t hesitate to try out some alternatives! With so many great options available today, there has never been a better time to start trading online.
Is Pocket Option a scam?
No, Pocket Option is not a scam. It is a legitimate platform for trading options and cryptocurrencies.
Are the alternatives to Pocket Option better?
The answer to this question depends on your personal preferences and needs. Each alternative has its own advantages and disadvantages, so it’s important to do your research before choosing one.
Can I use these alternatives if I am new to trading?
Yes, all of these platforms are beginner-friendly and offer educational resources to help you learn about trading.
