Pocket Options offers one of the lowest commissions and fees among binary options brokers. However, most people aren’t aware of the exact amount of trading, deposit, withdrawal, and affiliate commissions in this broker.
This guide will help you understand Pocket Option commissions (like no trading or deposit commissions) to calculate your trading costs before joining this broker.
Pocket Option Commissions and Fees Overview
Based on the parameters we checked in the PocketOption review,this broker has low fees ($0 commissions, spreads from 0.5 pips). In the following sections, we will review PocketOption commissions and costs, including:
- Trading Commissions;
- Deposit and Withdrawal Fees;
- Affiliate fees;
- Copy trading fees;
- Other Fees.
Pocket Option Binary Options Trading Commissions
When it comes to binary options trading, Pocket Option provides an excellent trading experience with its commission-free structure. The platform allows traders to trade binary options across various asset classes without incurring any trading commissions.
This means that your investment goes directly into your trades, potentially increasing your profit margins.
Pocket Option Deposit and Withdrawal Fees
Pocket Option's commitment to a fee-free trading environment extends to its deposit and withdrawal processes. Here's what you need to know about Pocket Option commission on deposits and withdrawals:
- No fees or commissions on deposits;
- Low commissions on withdrawals (1%);
- Wide range of payment methods supported (bank transfers, credit/debit cards, e-wallets, cryptocurrencies);
- Withdrawals processed within 5 business days.
Pocket Option only charges a 0.05% commission on Perfect Money deposit and withdrawals.
Pocket Option Affiliate Commission
Pocekt Option affiliate allow traders to with mass following to earn by referring new clients to the platform. Here are the key points you need to know about Pocket Option affiliate commission:
- · 6 different levels, including Brand, Regular, Premium, VIP, Influence, and Embassador.
- · Commission on profits: from 30% to 80%
- · Turnovers: from 3% to 5%
Pocket Option Copy Trading Fee
One of the main benefits of trading with the Pocket Option broker is the variety of passive income opportunities, including copy trading. Pocket Option charges a $0.5 commission for replicating trades on beginner traders’ accounts.
The broker doesn’t charge any other fees, and traders don’t need to worry about hidden commissions.
Other Fees in Pocket Option Broker
Pocket Option's fee structure extends beyond just trading commissions and payment processing. Here are some other fee-related aspects to consider:
- No inactivity fees: Your account won't be charged if you don't trade for an extended period;
- No swap fees: Overnight positions don't incur additional costs;
- No hidden fees: Pocket Option prides itself on transparency in its fee structure;
- Currency conversion fee: Standard fee for converting your base currency.
This fee-free approach across various aspects of trading makes Pocket Option an attractive choice for traders looking to minimize their costs.
Pocket Option Commissions and Fees Compared to IQ Option Broker
To better understand how Pocket Option broker commission and fee structure stacks up against the competition, let's compare it to IQ Option, another popular broker:
Parameter | Pocket Option | IQ Option |
Trading commission | 0$ | 0$ |
Inactivity Fee | 0$ | $10/month after 90 days |
Deposit Commission | 0$ | 0$ |
Withdrawal Commission | 1% | 2% (After the first free withdrawal for subsequent withdrawals) |
As we can see, both brokers offer commission-free trading, but Pocket Option edges out IQ Option with its lack of inactivity fees and lower withdrawal fee.
How Does Pocket Option Earn Money If They Don't Charge Commissions?
Traders wonder how Pocket Option can offer such a fee-free trading environment and still remain profitable. The answer lies in the spread (the difference between the buy and sell price of an asset).
Pocket Option incorporates its costs into these spreads, allowing them to offer commission-free trading while still generating revenue. This model aligns the broker's interests with those of its clients, as Pocket Option benefits when its traders are active and successful.
TF Expert Suggestion
Based on our review, Pocket Option commissions are one of the lowest compared to other binary options brokers. The 0% trading and deposit commissions, incentivizes traders to start trading as soon as possible.
However, traders must consider spreads and withdrawal commissions before joining. We also have detailed guides for Pocket Option registration in Pocket Option tutorial to help you get started with this broker.
