When choosing an online trading platform, it’s essential to pick one that aligns with your trading needs, offers a smooth experience, and provides security for your investments. In the world of binary options and forex trading, Videforex and Pocket Option are two well-known brokers. Both platforms offer various features to attract traders, but there are significant differences between the two.
In this post, we will compare Videforex vs Pocket Option, covering key areas such as trading features, user experience, fees, security, and customer support. By the end, you’ll have a better idea of which platform suits your needs.
This table highlights key differences and similarities between Videforex and Pocket Option, helping you quickly compare their features.
| Feature | Videforex | Pocket Option |
|---|---|---|
| Year Founded | 2017 | 2017 |
| Trading Types | Binary Options, CFDs, Forex | Binary Options |
| Assets Available | Forex, Stocks, Commodities, Cryptocurrencies | Forex, Stocks, Commodities, Cryptocurrencies |
| Payouts | Competitive, but lower than Pocket Option | Up to 92% payout rate |
| Minimum Deposit | $250 | $50 |
| Deposit Fees | None | None |
| Withdrawal Fees | None (but may depend on payment method) | None (except for wire transfers) |
| Withdrawal Speed | Less than 1 hour | Up to 24 hours |
| Social Trading | No | Yes |
| 24/7 Trading | Yes | No |
| Customer Support | Live video support, chat, email | Live chat, email, phone |
| Regulation | Not regulated by major authorities | Not regulated by major authorities |
| Unique Features | Live video support, 24/7 trading | Social trading, high payouts, tournaments |
Videforex Overview
Videforex is an online broker primarily focused on binary options, CFD (Contract for Differences), and forex trading. Established in 2017, Videforex aims to provide a modern trading experience by offering various assets to trade, including cryptocurrencies, stocks, and commodities.
Key Features of Videforex:
- Binary Options and CFD Trading: Traders can access short-term binary options and contracts for differences, providing opportunities for both beginners and advanced traders.
- Fast Withdrawals: Videforex claims to process withdrawals in under an hour, making it one of the faster platforms in terms of transaction speed.
- 24/7 Trading: Unlike many other brokers, Videforex allows you to trade at any time of the day, including weekends.
- Live Video Support: One of its unique features is live video chat support for users who may need assistance.
Pocket Option Overview
Founded in 2017, Pocket Option has gained popularity, particularly among binary options traders. It’s known for its simple interface, low deposit requirements, and a variety of account options that cater to both beginners and experienced traders.
Key Features of Pocket Option:
- Over 100 Assets: Pocket Option offers a wide range of assets, including forex pairs, commodities, cryptocurrencies, and stocks.
- Social Trading: Users can follow and copy other successful traders, making it easier for beginners to learn and benefit from more experienced traders.
- High Payouts: Pocket Option is known for its high payout rates, sometimes reaching up to 92% on successful trades.
- Tournaments and Rewards: The platform offers regular trading tournaments and reward systems that give users bonuses and additional earning opportunities.
Trading Platforms and User Interface: Videforex vs Pocket Option
When it comes to the user interface, both Videforex and Pocket Option provide smooth and easy-to-navigate platforms. However, they differ slightly in terms of layout and features.
- Videforex offers a more advanced trading platform. It is tailored for those who enjoy a mix of binary options and CFD trading. The charting tools and technical analysis features are well-integrated, giving traders a range of tools to work with.
- Pocket Option has a more simplistic layout. It’s designed with beginner traders in mind, offering an easy-to-use platform with minimal complexity. The interface is less cluttered, making it ideal for users who are just getting started.
If you are looking for a platform that offers complex features, Videforex might be better. However, if you prefer simplicity and ease of use, Pocket Option could be the right choice.
Fees and Payouts
The fees and payouts structure is one of the most important factors to consider when choosing a broker. Let’s compare Videforex and Pocket Option in this area.
Videforex:
- Deposit Fees: Videforex does not charge deposit fees.
- Withdrawal Fees: No withdrawal fees, but certain payment methods may incur fees from third-party processors.
- Payouts: Videforex offers competitive payouts, but they are typically lower compared to Pocket Option.
Pocket Option:
- Deposit Fees: Like Videforex, Pocket Option does not charge deposit fees.
- Withdrawal Fees: Generally, there are no withdrawal fees unless you use specific methods like wire transfers, which may incur charges.
- Payouts: One of the reasons traders choose Pocket Option is its high payout rates, sometimes reaching up to 92%.
5. Deposit and Withdrawal Methods
Both platforms support multiple payment methods, but there are some differences in the speed and convenience of transactions.
Videforex:
- Payment Methods: Accepts a wide range of payment methods, including credit cards, bank transfers, cryptocurrencies, and e-wallets.
- Withdrawal Speed: Videforex stands out with its fast withdrawal process, claiming withdrawals can be processed in less than an hour.
Pocket Option:
- Payment Methods: Offers payment options including credit/debit cards, cryptocurrencies, and e-wallets.
- Withdrawal Speed: Pocket Option is reliable, but withdrawal processing may take up to 24 hours or more, depending on the method used.
If quick withdrawals are important to you, Videforex may be the better option.
Security and Regulation
When it comes to security, both platforms are relatively secure, though neither is regulated by top-tier financial authorities like the FCA or CySEC.
Videforex:
Videforex is known for its use of strong encryption to protect users’ data and funds. However, its lack of regulation by a major financial authority may be a concern for some traders.
Pocket Option:
Similarly, Pocket Option is not regulated by major financial bodies. However, the platform is known for its security features, including two-factor authentication (2FA) and SSL encryption to safeguard users’ funds and data.
Customer Support
Good customer support is crucial, especially for beginners who might need help getting started.
- Videforex: One unique feature Videforex offers is live video chat support, which is not commonly found among other brokers. This allows users to directly interact with customer support agents.
- Pocket Option: Pocket Option provides support through live chat, email, and phone. It’s known for its quick response time, but it does not offer video support like Videforex.
Pros and Cons: Videforex vs Pocket Option
Videforex Pros:
- Fast withdrawals.
- 24/7 trading, including weekends.
- Live video support for better customer service.
Videforex Cons:
- Lower payouts compared to the Pocket Option.
- Not regulated by major authorities.
Pocket Option Pros:
- High payout rates (up to 92%).
- User-friendly interface, ideal for beginners.
- Social trading feature to follow successful traders.
Pocket Option Cons:
- Slower withdrawal times compared to Videforex.
- Limited advanced features for experienced traders.
Which Broker Should You Choose?
The choice between Videforex vs Pocket Option depends largely on your trading style and preferences.
- If you are a beginner who values a simple, user-friendly platform with high payouts and social trading options, Pocket Option is likely the better choice for you.
- If you prefer faster withdrawals, more diverse trading options (including CFDs), and 24/7 customer support via video chat, Videforex may be the platform that meets your needs.
Ultimately, both brokers have their strengths and weaknesses, so consider which features matter most to you before making a decision.
Disclaimer: Trading binary options and forex is risky, and it’s important to do your research before investing. Always be cautious when trading with unregulated brokers.
By writing an honest, transparent comparison like this, we aim to help traders make more informed decisions. Make sure to evaluate your own needs and conduct thorough research before committing to any broker!
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.