Pocket Option vs Binomo

Which One is Better? Pocket Option vs Binomo

If you are looking for a binary options broker, then you might have come across two popular names – Pocket Option and Binomo. Both of them claim to be the best in the market, but which one should you choose? In this article, we will compare Pocket Option vs Binomo on various aspects such as trading platform, mobile apps, assets, bonuses and special features. We’ll also discuss their history and regulation status to help you make an informed decision. Whether you are a beginner or an experienced trader, read on to find out everything you need to know before choosing between Pocket Option and Binomo!

	Winner
Broker Name	Pocket Option	Binomo
Founded	2017	2014
Regulation	IFMRRC	IFSC
Demo
Min. Deposit	$10	$10
Min. Investment	$1	$1
Max. Investment	$1000	$5000
Instruments	Binary Options, Forex	Binary Options
Assets	+100	+80
Available On:	Web, Android, iOS	Web, Android, iOS, MacOS, Windows
	Visit Pocket Option	Visit Binomo

History

History plays an important role in evaluating the credibility of any business, and binary options brokers are no exception. Pocket Option was established in 2017 and quickly gained popularity among traders due to its user-friendly platform and unique features such as copy trading and signals. On the other hand, Binomo has been in operation since 2014 and has a reputation for providing quality services to its clients.

Binomo’s headquarters is located in Cyprus while Pocket Option operates from the Marshall Islands. This information may be useful if you prefer to trade with brokers that operate within a specific jurisdiction or region.

Interestingly, both platforms have won industry awards for their services. Binomo received the award for Best Broker For Beginners at Forex Expo Awards 2015 while Pocket Option was recognized as The Fastest Growing Broker by Le Fonti Awards in 2020.

In terms of history, both Pocket Option and Binomo seem reliable based on their years of experience operating successfully within the industry.

Regulation

When it comes to trading binary options, regulation is an important aspect to consider. Pocket Option and Binomo are no exception in this regard.

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which provides traders with some degree of assurance that their funds are protected.

On the other hand, Binomo is licensed and regulated by the International Financial Services Commission (IFSC) of Belize. This regulatory body ensures that brokers adhere to strict rules and regulations for financial activities related to trading.

It’s worth noting that while both Pocket Option and Binomo are regulated, they have different licensing bodies. Some traders may prefer brokers under certain regulators over others due to various factors such as reputation, enforcement actions or level of protection provided.

Ultimately, it’s up to individual traders to determine how important regulation is when choosing a broker. It’s wise for them always do their own research before signing up with any brokerage firm.

Trading Platform

When it comes to trading platforms, both Pocket Option and Binomo offer user-friendly interfaces that are easy to navigate. One of the key differences between the two is that Pocket Option offers a web-based platform while Binomo has a dedicated desktop application.

Pocket Option’s web-based platform allows traders to access their account from any device with an internet connection, which makes it convenient for those who prefer to trade on-the-go. The platform also features a customizable charting system and numerous technical analysis tools.

On the other hand, Binomo’s desktop application provides more advanced functionality such as support for multiple windows and enhanced customization options. It also boasts an intuitive design with clear buttons, making it ideal for beginners who want a simpler interface.

Both platforms offer real-time price quotes and allow you to modify or close your trades quickly if necessary. However, Pocket Option goes one step further by offering copy trading capabilities through its social trading feature. This enables users to automatically replicate the trades made by other successful traders in real-time.

Both platforms provide excellent experiences tailored towards different types of traders based on their preferences when considering whether they want a more accessible or sophisticated approach towards binary options trading.

Mobile Apps

Both Pocket Option and Binomo offer mobile trading apps for users to access their platforms on-the-go. However, in terms of the overall user experience, Binomo’s app is considered more advanced.

Binomo’s app has a sleek and modern design with easy navigation that allows traders to quickly find what they need. It also offers a wide range of technical indicators and interactive charts for analysis purposes.

On the other hand, Pocket Option’s app is simpler in design but still functional enough for basic trading needs. Its clean layout makes it easy to navigate and execute trades without any confusion or clutter.

Both apps are available on both iOS and Android devices, so traders have the flexibility to trade from anywhere at any time. However, if having a more advanced mobile platform is important to you as a trader, then Binomo may be the better choice between these two brokers.

Assets

One of the most important factors to consider when choosing a binary options broker is the range of assets they offer for trading. In this regard, both Pocket Option and Binomo provide a wide variety of tradable assets.

Pocket Option offers more than 100 different trading instruments including forex, cryptocurrencies, commodities and stocks. The platform also provides traders with access to major stock indices from around the world. This level of diversification enables you to spread your investment across various markets easily.

Binomo on the other hand offers slightly fewer tradeable instruments but still boasts an impressive selection with over 80 different assets available for trading. These include popular currency pairs, commodities like gold and silver as well as stocks such as Apple, Coca-Cola and Tesla.

Both platforms provide traders with ample opportunities to profit by investing in various markets depending on their preferences or strategies. However, if you’re looking for a wider range of asset classes then Pocket Option may be more suited to your needs while Binomo may be ideal if you prefer focusing on specific markets or individual company shares.

Deposit & Withdrawal

Deposit and withdrawal methods are crucial factors to consider when choosing a binary options broker. In this aspect, both Pocket Option and Binomo offer multiple payment options for their clients’ convenience.

Pocket Option accepts deposits via Visa, Mastercard, Maestro, Perfect Money, WebMoney, Bitcoin and Ethereum. The minimum deposit amount is only $10. Withdrawals can be made through the same channels as deposits with a minimum amount of just $50.

On the other hand, Binomo accepts deposits through Visa/Mastercard cards or e-wallets such as QIWI Wallet and Yandex.

The minimum deposit amount is also $10 but withdrawals have a higher limit at $10-$1000 depending on the chosen payment method.

It’s worth noting that both brokers require account verification prior to withdrawing funds for security reasons. Also note that some payment methods may incur additional fees which should be checked beforehand.

Each broker offers several reliable payment options suited to different clients’ needs making it easy to fund trading accounts or withdraw profits quickly without any hassle.

Bonuses

Both Pocket Option and Binomo offer bonuses to their traders, but the terms and conditions differ between them.

Pocket Option has a welcome bonus for new clients which ranges from 50% to 100%. Traders can also receive cashback rewards on their trades based on their trading volume. However, it’s important to note that the bonus cannot be withdrawn until certain trading requirements are met.

Binomo also offers a welcome bonus for new clients with varying amounts depending on the deposit made. They also have a loyalty program that rewards traders with points for each trade they make which can be exchanged for prizes or promotions. It’s worth noting that some of these bonuses may come with restrictions such as minimum withdrawal limits or time constraints.

It’s important for traders to read the terms and conditions carefully before accepting any bonuses offered by either platform. While bonuses can provide an extra boost to a trader’s account balance, it’s essential not to let them cloud judgment or become overly reliant on them in making trading decisions.

Special Features

When it comes to special features, both Pocket Option and Binomo have unique offerings. Pocket Option is known for its copy trading and signals feature, which allows traders to replicate the trades of successful traders in real-time. This can be especially helpful for beginners who want to learn from more experienced traders.

On the other hand, Binomo boasts VIP conditions for their most dedicated customers. These conditions include access to exclusive educational materials, personalized support from a personal manager, and increased profitability on trades. For those who are serious about binary options trading and want a more tailored experience, this may be a selling point.

Ultimately, deciding which platform’s special features are more suitable for you will depend on your individual trading goals and preferences. However, it’s important to note that these features should not be the only factor considered when choosing between Pocket Option vs Binomo as regulation, assets available for trading and deposit/withdrawal methods also play an essential role in making a well-informed decision.

Where are they available?

When it comes to binary options trading, availability is a crucial factor to consider. Pocket Option is available worldwide, which means that traders from any part of the world can access its services. On the other hand, Binomo has some restrictions when it comes to countries where its platform can be accessed.

Binomo is not available in several countries such as USA, Canada, Japan, Syria, Sudan, Iran and Israel due to legal restrictions related to binary options trading. Additionally, Binomo cannot be accessed by traders from Australia and European Union countries because of regulatory requirements.

Pocket Option’s global availability provides traders with greater flexibility since they can access their accounts and trade from anywhere in the world with internet connectivity. This feature makes Pocket Option stand out among other binary options brokers.

Traders need to ensure that they understand the legal requirements for trading before choosing a broker. It’s essential always check if their country allows or restricts binary options trading platforms like Binomo before investing time and money on them.

In summary: while Pocket Option offers worldwide accessibility for all traders globally without exceptions; however Binomo has regulations restricting certain nations hence making it less accessible compared to Pocket option globally

How to choose binary options broker?

Choosing the right binary options broker is crucial for any trader’s success. Here are some tips to help you make an informed decision.

Firstly, check the broker’s regulatory status. A regulated broker ensures that your funds and personal information are secure. Secondly, look at the trading platform they offer. It should be user-friendly with a variety of tools and resources available to help you trade better.

Thirdly, consider their assets and payout rates. The more assets a broker offers, the better chance you have of finding trades that suit your strategy. A higher payout rate also means more profit potential for successful trades.

Fourthly, examine their deposit and withdrawal methods as well as fees associated with them. You want a broker who provides reliable payment methods without hidden charges or long processing times.

Weigh up any bonuses or special features on offer – but don’t let these cloud your judgement over other important factors like regulation and asset selection.

By taking these factors into account when choosing a binary options broker, you can increase your chances of successful trading in this often volatile market

Conclusion

After comparing Pocket Option and Binomo, it is clear that both platforms have their own unique features and advantages.

Pocket Option offers a wider range of assets to trade with, as well as copy trading and signals for its users. On the other hand, Binomo has better mobile apps and VIP conditions.

When it comes to regulation, both platforms are regulated by the International Financial Commission (IFC), but Pocket Option also holds a license from the IFMMRC.

In terms of availability, Pocket Option is available worldwide while Binomo is restricted in several countries including USA, Canada, Japan, Syria, Sudan, Iran Israel Australia and European Union.

Choosing between these two binary options brokers ultimately depends on your personal preferences and needs as a trader. Consider factors such as asset diversity, deposit/withdrawal methods,special features,and more before making a decision.

It’s important to note that trading carries significant risks so always do your research beforehand. It may be wise to start with demo accounts or smaller investments until you feel comfortable enough to invest larger amounts.

Overall, Pocket Option vs Binomo isn’t an easy comparison because they offer different services that cater towards different types of traders. So choose wisely based on what suits you best!