If you are looking for a broker to start investing your money when you trade, this article is for you! We are going to talk about two of the most used brokers in the world of trading.
It is very important to choose a trustworthy broker because we will put our money on it, there are many things we need to check before we decide to invest our money with a broker, so we will talk about those things today. We’ll see the difference between Pocket Options and Quotex so you can choose one to start making profits!
Quotex broker
We will start talking about the Quotex broker, it is one of the brokers that we have used and tested for more than a year and a half. It is a broker dedicated to binary options.
Quotex has been very useful for us because it helped us to understand one of the most profitable strategies, the KELTNER channel.!
Quotex is regulated!
We started trading with $100 on this broker and we did it well. Honestly, it is so easy to use this specific broker, it is very trustworthy and most importantly, it is available worldwide and 100% regulated. Remember that it is very important to work with a regulated broker so you can make sure that you will not miss your money in case of any issue.
The payouts of Quotex!
Another feature of this broker is the payouts, they are always consistent with the correct pairs. The payouts usually range from 70-90 % which is a good thing, plus the trading platform is great, it works awesome. It is a user-friendly platform, so it does not matter if you are a beginner or an expert, you will be able to use it without any issue!
What is the minimum deposit?
The minimum deposit of this broker is 10 dollars, and the minimum amount of each operation is 1 dollar.
Pocket Option broker
On the other hand, we will also talk about the Pocket Option broker, which is probably the oldest broker we have used, and we still use it in binary options.
We started using this specific broker more than 2 years ago when we started in binary options along with IQ option, and everything works perfectly.
Pocket Option has nice features!
It has additional features like social trading, for example, you will be able to copy other traders’ trades, see what other people are doing and start copying their trades so you can make money. This can help you a lot if you do not have a lot of experience in trading. Copy-trading has many benefits and with this broker, you can get it.
What are the payouts in Pocket Option?
This broker has much better payouts than Quotex in regular markets like OTC. The payouts of this broker range from 86 to 92%, so if we compare the two brokers, we can see that there is a considerable difference.
Minimum deposits and withdrawals
The minimum deposit in Option is 50 dollars, while in Quotex the minimum deposit is only 10 dollars. You just have to take into account that when you start with 10 dollars it will be super difficult for you to start earning real money.
We can only tell you that if you can make your investment with the 50 dollars it will be much better. This is because it is important that you have the objective of being able to double your money and then again place 50 dollars as an initial investment and thus be risk-free.
When it comes to payments we can talk about OTC in Pocket Option, it is at 86% and in Quotex it is around 90%, we can say that for the moment Quotex is better.
What about the withdrawals?
Now let’s talk about the withdrawals regarding these brokers, which are super important when it comes to day trading. They both make withdrawals Jwith Bitcoin, Litecoin and some others offer Ethereum. Both brokers have very good withdrawals, both arrive within 1-2 hours maximum.
You need to know something before choosing any of the brokers and that is the availability of the asset, it refers to the trading of global currencies like euro, dollar, yen, etc. Pocket Option is the one with the best assets.
Conclusion
Finally, which of the two is better? You have to realize that both brokers are good but there is a little difference between them and it’s the payout.
So, if you have the 50 bucks and you’re not located in India, China, Russia, or Canada we recommend you choose Pocket Option, but if you are in the places mentioned, choose Quotex. We hope that the information in this article can be useful for you!