Pocket Option's commission-free structure, with $0 trading and deposit fees, has made this broker a popular choice among binary options traders. This broker only charges a 1% commission on all withdrawals (except a 0.5% fee on Perfect Money payouts).
Pocket Option Commissions and Fees Overview
Based on the parameters we checked in our Pocket Option review, this broker has low fees, including $0 commissions and spreads starting from 0.5 pips. In the following sections, we will review Pocket Option commissions and costs, including:
- Trading Commissions
- Deposit and Withdrawal Fees
- Affiliate fees
- Copy trading fees
- Other Fees
Before diving further into the article, we recommend learning about the Pocket Option TRC20 deposit method, one of the most cost-effective funding options available on this broker. A step-by-step video tutorial is available below.
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 Pocket Option's deposit and withdrawal methods. 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 Social Trading Fee
One of the main benefits of trading with this broker is the variety of passive income opportunities, including the Pocket Option social trading feature. 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 fees.
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 it 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
While Pocket Option commissions do not apply to trading and deposits, traders are required to pay a $0.50 fee to copy trades using the social trading feature.Traders must also consider spreads before joining this broker.
For the next step, read the Pocket Option Registration from the articles on the Pocket Option tutorial page.
