Pocket Option vs Olymp Trade: Which one is right for you?

First of all, Congratulations on deciding to pursue trading as your new income source!

However, You are still confused on which platform you should use.

Pocket Option or Olymp Trade are both big brands but the main issue is which platform will suit your trading needs.

Don’t worry…In this article, I will eliminate all your doubts.

Here, I will compare the important features of both platforms and we will together decide which one is best for you.

Who Am I?

 

I am Subham Sahuwala from India and I have been trading since 2017, In these 7 years, I have tested and traded in almost every platform including Olymp Trade and Pocket Option and through my experience I can surely tell you which platform will be best for you whether you are a novice or an experienced trader.

 

 Pocket Option Overview

The Pocket Option is an online trading that allows traders to buy or sell commodities, stocks, cryptocurrencies & more digitally. Given below are the key features of the Pocket Option

1> Beginner-friendly: Pocket Option is a beginner-friendly trading platform and therefore they provide a Pocket Option virtual trading account where you can practice trading strategies for free. when you sign up with the Pocket Option trading platform you get $10, 000 in your virtual trading account.

2> High-quality trading tools: Pocket Option offers high-quality trading tools such as Parabolic SAR, Moving average indicator and more. you can even use this indicator on the Pocket Option demo account.

3> Social trading: I have been trading for last 7 years, and I can surely say a very few platforms offer social trading feature. Here, you can copy big traders and make a profit accordingly.

4> Regulation: The Pocket Option is regulated by the International Financial Market Relations Relation Centre ( IFMRRC) which ensures the safety and security of the platform.

 

Olymp Trade Overview

1> Beginner Friendly: Just like Pocket Option, Olymp Trade also offers a virtual demo account. Here, you can practice and try different trading strategies for free and without any risk.

2> Trading tools: Olymp Trade too offers high-quality trading tools such as RSI, Stochastic, & more you can even use them on the Olymp Trade demo account.

3> Regulation: Olymp Trade is a member of the International Financial Commission, offering an extra layer of security.

 

Pocket option User experience

Pocket Option is a big brand and is often praised and lauded for its simplicity and ease of use user experience. Pocket Option is most popular for its social trading feature.

As I said above a very few trading platforms offer this trading feature traders can easily make a profit with the big traders by copying their trades.

One more feature that makes the Pocket Option stand out from other trading platforms is OTC securities. OTC ( Over the counter ) securities, is a trading arrangement conducted directly between the two parties without the oversight of an exchange. Unlike the normal securities, OTC securities are available 24/7 and you can trade them even during the weekends and office hours.

 

Olymp Trade User experience

Olymp Trade was the first platform I started my trading journey with. Olymp Trade is a very simple and easy-to-use trading platform.

This platform is most appreciated for its beginner-friendly interface. The best feature I liked about the Olymp trade was its educational resources.

Here, you can find high-quality educational resources. Olymp Trade is overall a very decent platform and is a very user-friendly one.

Conclusion

Both Olymp Trade and Pocket Option are big brands with unique features tailored to meet the needs of different types of traders. According to my analysis, both Pocket Option and Olymp Trade are user-friendly and beginner-friendly.

Pocket Option is most popular for its user-friendly and innovative trading features such as social trading making it an exciting opportunity for beginners to make money by following big traders.

On the other hand, Olymp Trade is known for its user-friendly interface and is most popular for educational resources and regulation.

Now, If you ask me which platform will be best for you.?

Well,  The answer to this question depends on your trading needs and requirements.

If you are looking to copy big traders or want to trade on weekends you should go for the Pocket Option.

On the other hand, If you are looking for a high-quality educational resources you should go for Olymp Trade.

 

 

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