When it comes to online trading, choosing the right platform can make a significant difference in your overall experience and success. Two popular platforms traders often compare are Deriv and Pocket Option. Both platforms offer unique features and advantages, but they also have some differences that can impact your decision. In this blog post, we’ll break down the key aspects of each platform to help you make an informed choice.
So, if you’re wondering “Deriv vs Pocket Option – which one is better?”, keep reading as we dive into this detailed comparison.
This table provides a quick comparison of the main features, helping traders easily assess which platform best suits their needs.
| Feature | Deriv | Pocket Option |
|---|---|---|
| Founded | 2020 (by Binary.com team) | 2017 |
| Trading Instruments | Forex, CFDs, Cryptos, Commodities, Synthetic Indices | Binary Options, Digital Options |
| Minimum Deposit | $5 | $50 |
| Minimum Trade Amount | $0.35 | $1 |
| Payouts | Competitive (varies by asset) | Up to 92% on successful trades |
| Platforms Available | DTrader, DBot, Deriv MT5 | Web, Desktop, Mobile App |
| Social Trading | No | Yes (Copy Trading Feature) |
| Mobile Trading | Yes | Yes (Highly rated mobile app) |
| Regulation | Multiple regulatory bodies | Not heavily regulated |
| Customer Support | 24/7 Support | 24/7 Support |
| Risk Management Tools | Yes (Stop-loss, Take-profit, etc.) | Limited |
Overview of Deriv
Deriv is a well-known broker that has been in the market for years. The same team behind Binary.com developed the platform, and it offers a wide range of trading options, including CFDs, binary options, forex, and cryptocurrencies. Deriv stands out for its user-friendly interface, flexible tools, and the ability to customize your trading experience.
Key Features of Deriv:
- Multiple Trading Platforms: Deriv offers several platforms such as DTrader, DBot, and Deriv MT5 (MetaTrader 5), catering to different trading styles and preferences.
- Low Minimum Deposit: With a minimum deposit as low as $5, Deriv is accessible for beginners who want to start with a small investment.
- Wide Range of Assets: Trade forex, commodities, cryptocurrencies, stock indices, and synthetic indices.
- Risk Management Tools: Deriv provides tools like stop-loss, take-profit, and margin call notifications, which are important for managing risk in volatile markets.
- Customer Support: They offer 24/7 support, which is crucial for traders who need assistance at any time.
Overview of Pocket Option
Pocket Option is another popular platform, particularly among binary options traders. Launched in 2017, Pocket Option offers a straightforward trading interface and a wide range of digital options, making it attractive for both beginner and seasoned traders.
Key Features of Pocket Option:
- Simple Trading Interface: Pocket Option is known for its easy-to-use platform, perfect for beginners who want to quickly get into trading.
- High Payouts: Pocket Option offers payouts of up to 92% on successful trades, which is higher than many competitors.
- Social Trading: One standout feature is social trading, where you can copy the strategies of successful traders in real-time.
- Low Minimum Trade Amount: With a minimum trade amount of just $1, Pocket Option allows traders to place small trades without significant financial risk.
- Mobile Trading: The platform has an excellent mobile app, enabling you to trade on the go, which is especially useful for active traders.
Comparison of Deriv and Pocket Option
Let’s now compare the two platforms based on several important factors:
1. Trading Instruments:
- Deriv: Offers a wide variety of assets, including forex, commodities, cryptocurrencies, and synthetic indices. This variety is ideal for traders looking to diversify their portfolios.
- Pocket Option: Primarily focuses on binary options and digital trading, which limits the choice of instruments but might appeal to traders specifically interested in binary options.
2. User Interface:
- Deriv: Has a clean and customizable interface, particularly with its DTrader and MT5 platforms, which are great for traders who prefer advanced charting and technical analysis tools.
- Pocket Option: The interface is simple and easy to navigate, which is perfect for beginners. It lacks some advanced customization features but makes up for it with a straightforward design.
3. Minimum Deposit:
- Deriv: Has a lower minimum deposit of $5, making it more accessible to traders with a small budget.
- Pocket Option: Requires a minimum deposit of $50, which is higher but still reasonable compared to many other platforms.
4. Payouts:
- Deriv: Offers competitive payouts, but they can vary depending on the asset and market conditions.
- Pocket Option: Known for its high payouts, offering up to 92% on successful trades, which is one of the highest in the industry.
5. Mobile Trading:
- Deriv: Has mobile trading options, but its mobile platform may not be as user-friendly as Pocket Option’s app.
- Pocket Option: Has an excellent mobile app that provides all the features available on the desktop version, making it ideal for trading on the go.
6. Social Trading:
- Deriv: Does not offer social trading features.
- Pocket Option: Provides a social trading feature that allows users to follow and copy the trades of experienced traders in real-time, which is great for beginners who want to learn by watching others.
7. Regulation and Security:
- Deriv: Operates under several regulatory bodies, ensuring a high level of security and compliance with global standards.
- Pocket Option: While not as heavily regulated as Deriv, it still follows standard security protocols, including encryption, to protect traders’ data and funds.
Which Platform Is Best for You?
Choosing between Deriv and Pocket Option largely depends on your trading style and needs.
- If you’re looking for a broader range of trading instruments, lower minimum deposits, and a customizable platform, Deriv might be the better choice for you.
- On the other hand, if you prefer simplicity, high payouts on binary options, and the ability to copy other traders, Pocket Option could be the ideal platform.
Conclusion
Both Deriv and Pocket Option offer excellent features that can cater to different types of traders. If you’re interested in more advanced trading strategies with a wide range of assets, Deriv provides flexibility and options. However, if you want a straightforward platform with high payouts and social trading features, Pocket Option is a solid contender.
Ultimately, the decision between Deriv vs Pocket Option comes down to your individual preferences, trading goals, and how you want to approach your trading journey.
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.